New Home Sales Slowing?

Port LaBelle New Home Sales Lacking

LABELLE, FL. (June 4, 2006) -- Latest home sales recorded in the LaBelle area in the last several weeks didn't show any Port LaBelle new constructed homes sold but did  include: in LaBelle a sale for $239,000 on 6th Ave, $315,000 on 7th Ave, in Port LaBelle Country Village $146,000 on Anchor Ln, in Unit 4  $125,000 on Bishop Cir, $265,000 on Caloosa Estates Dr, $92,000 on Clipper Ct, $160,000 on Dolphin Cir, $185,000 on Hardee St, $184,000 on Lakewood Rd,, $120,000 on Palm Ave, $130,000 on Prow Terr, $194,000 on Quebec Rd, $155,000 on Rainbow Cir, $140,000 on Rainbow Cir, $155,000 on School Cir, $130,00 on Schooner Dr, $175,000 on Teak Cir, $335,000 on Turtle Ln, $195,000 on N. Edgewater Cir,  $140,000 on S. Edgewater, $280,000 on Springview Cir..  New construction home sales have slowed considerably in the Port LaBelle area and none were reported in this latest period. The average Hendry home buyer seems to be looking for homes under $200,000 as interest rates steadily increase causing monthly mortgage payments to rise as well.