POINCIANA (PHN) | Poinciana real estate continues to behave like a house of cards. While price per square foot decreased once again, and list prices did not fall below last month's low of $69,900, sales have decreased and inventory is once again on the rise. Only 2.6 homes sold in Poinciana-proper in April. (For chart, go to the original release location.)
A total of 98 homes have been sold in Poinciana so far in 2008. The least expensive of these sells today for $44 per square foot, a decrease of $4/SF from March 2008.
Inventory continues to rise in Poinciana while sales dipped slightly in April. It is expected that May will show a new low for home values, as sales continue to lag behind the now-increasing inventory in the area.
The Way to Real Estate™
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