LaBelle Land Price Report For May

LABELE, FL. -- From 5/3/2005 to 5/24/2005, there were 11 homes sold in the
LaBelle area for an average price of $99,545. The highest priced home sold
for $280,000 on Turtle Lane, while the lowest prices were for a lot on
Hercules Road in Port LaBelle for $34,000 and one on N. Obisbo for $27,000,
and another at S. Beechwood for $25,000. Builders and out of town real
estate brokers are sending letters to virtually all Port LaBelle and
Montura lot owners asking to buy their lots. The out of town owners are
selling at significant discounts compared to market values.