Home Sales Slow In LaBelle Area

LABELLE, FLORIDA -- For the month of November, there were only eight
real esate properties sold in the LaBelle area for an average price
of $175,000. All but two were sales in Port LaBelle. Port LaBelle
home builders now have an excess of inventory with little being
sold. One builder in desperation has resorted to placing plastic
signs and "open house" banners illegally on street corners and on
trees throughout Port LaBelle.

1) $150,000 on Albany Road
2) $229,000 on Buttercup Circle (new home)
3) $185,000 on Fraser Avenue (city of LaBelle)
4) $188,000 on Rainbow Circle
5) $184,000 on NE Beechwood Circle
6) $165,000 on S Edgewater Circle
7) $189,000 on S Edgewater Circle
8) $110,000 on S Main Street (city of LaBelle)