Home Sales In LaBelle Area

Large Inventory Remains Of Unsold And Uncompleted New Homes

LABELLE, FL. -- From May 1 to May 22, there were eight homes sold in the LaBelle area for an average price of $192,250. All were in unincorporated Hendry county and the Port LaBelle community. New home building in the area has come to a standstill with only one new home hookup to utilities in the last three months. There is an extensive builder inventory of unsold new homes and uncompleted building shells scattered throughout Port LaBelle. Some builders have uncompleted homes having undergone no work for almost a year with building permits for those homes issued nearly two years ago.

Sales for the last three weeks:

1) $214,000 on Case Rd
2) $175,000 on Fort Denaud Rd
3) $210,000 on Patton Rd
4) $310,000 on Quail Run
5) $194,000 on Quail Run
6) $95,000 on Schooner Dr (Country Village Port LaBelle)
7) $197,000 on N Obisbo Cir (Port LaBelle)
8) $143,000 on S Balsam Cir (Port LaBelle)