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Broadwater waterfront Market Update 7-6-09

The last Broadwater waterfront home sale was one of our listings on 6-6-09 at a high for the year of $410,000. One waterfront home has gone to contract since then, a renovated 3 bedroom pool home with 2,338 sq ft – it has been on the market for over 100 days, but when the listing price dropped to $449,999 it went to contract. Four waterfront homes in Broadwater are currently under contract, with list prices ranging from $420,000 to $499,000.

The MLS shows 13 active listings, ranging from $414,900 to $1,250,000. There are other offerings from unrepresented sellers and signs on some homes whose listings expired long ago.

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  1. Seattle Waterfront Homes

    Good update, I spent a good part of a year in the St. Petersburg area on the waterfront – sounds like some of these properties are still selling well – how’s the overall waterfront market?

    Sam DeBord
    Seattle Waterfront Real Estate Broker

  2. Sharon

    Sam – people are buying now, sensing that the market is near the low if not past it. These prices are down about 40% from a couple of years ago. If prices go down 10% more but interest rates go up 1%, it’s a wash – and there are better choices now than after everyone recognizes that prices are on the way up. They aren’t making more waterfront in Florida, so the market for waterfront homes, particularly those on sailboat water, will always have an advantage over a typical non-waterfront property. Obviously, though, each neighborhood stands on its own.

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