In April, 15 homes sold on Bowen making it the busiest single month for real estate on the island since 2005. Realtor Frazer Elliott said on May 27 that things are looking equally good for sales in the month of May.
“So far 10 homes have sold this month, and there are a number of accepted offers that are currently pending,” he says. “Ten homes, though, still counts as a very good month, and there are still four days left. Things are changing day by day.”
So far this year, a total of 42 homes and 4 lots have sold on Bowen. Last year by the end of May, 19 homes and 5 lots had sold. The median price for homes on Bowen is currently $645,000.
Elliott says that with 35 homes on the market, inventory is still considered low. However, he is hopeful that more listings will come online andprices will remain stable, keeping the market steady.