Grand Isles is beautiful guard gated single family home community in Wellington Florida. Throughout 1997 up until 2000 Centex & Lennar Homes constructed 611 single family homes, which a majority of these homes are situated on a lake, preserve or private lot.
Like many of the other communities throughout Wellington Florida property value increased at a rapid rate in Grand Isles and reached it’s peak in 2005 with a median sales price of $458,250. Since 2006 property value in Grand Isles has been decreasing, but homes continue to sell. As a matter of fact as of February 2012 Grand Isles is a SELLER’S MARKET, which means there are more home buyers than homes for sale in Grand Isles.
The above graph displays Grand Isles home sales for 2002 to 2011. The dark purple shows the number of homes sold while the light purple shows the median home sales price for that particular year. You will notice an increase in the median sales price in 2010, which could most likely be contributed to the First Time Home Buyer Tax credit that was offered in 2009 & 2010 and in my opinion re-engized the real estate market.
As of today there are only seven homes for sale in Grand Isles starting at $173,900 up to $389,000.
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