Nurmi Isles Market Analysis

nurmi isles market analysis

Average Closed Sale PRICE trailing 36-months declined trailing-12 months 3.2% to $2,631,679. During the same time, Closed Sale LOT declined 2.0% to $211, LIVing declined 10.7% to $475 and WATERfront declined 1.4% to $21,546.  Trailing-six months LOT and WATERfront continued to decline while PRICE and LIVing inclined.

Trailing-36 months the ten properties sold with East-facing docks were more valuable than the 16 properties sold with West-facing docks: by PRICE $1,260,172 or 36%; by LOT $37.96 or 16%; by LIVing $139.52 or 23%; by WATERfront $2,655 or 11%.  Ranked: by PRICE, Royal East, Nurmi East, Nurmi West, Fiesta East, Royal West, Fiesta West; by LOT, Royal East, Nurmi West, Fiesta East, Royal West, Nurmi East, Fiesta West; by LIVing, Royal East, Nurmi East, Nurmi West, Fiesta East, Royal West, Fiesta West, and; by WATERfront, Nurmi West, Fiesta East, Royal East, Fiesta West, Nurmi East, Royal West.

Currently, one property is pending sale.  Of the 11 listings, five have East-facing docks, six West- facing.  Three of the five listings East-facing have at least one under-market value; three of the six West-facing have at least one.  One (East-facing) is below Moody’s Long-Run which is THE BEST DEAL--128 Fiesta ($1,375,800 PRICE, $135/LOT, $727/LIVing, $16,176 WATERfront).