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Broadwater homes Market Update 7-16-09

Sunset over Boca Ciega Bay St Petersburg FloridaSales of Broadwater waterfront homes are picking up – the sixth sale just closed, and there are currently 5 waterfront homes under contract. Prices continue to be low, with nearly half of the sales being short sales. Sale prices range from $275,000 for a bank foreclosure to $410,000 for our listing on 46th Ave S. The listing prices on the homes under contract range from $450,000 to $499,000 for canal homes and $675,000 for a home on open water.

There are currently 14 waterfront homes listed,  10 of which are in the Multiple Listing Service. There is one short sale at $345,000; one pool home at $499,000, with all the others ranging from $550,000 to $1,250,000.

Off the water, there are 6 homes listed for sale from $240,000 to $500,000. One sold this year at $262,000.

For help in buying or selling Broadwater homes, call The Simms Team at ALVA International, Inc. We’ve participated in 163 Broadwater home sales.

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