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Indian Shores Florida Market Update

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Indian Shores sunset

The year has been busy.

In Indian Shores, there are 134 active listings, with another 23 under contract or pending sale.  There have been 14 sales this year, 13 of which were condos.  The average sales price was $280,118.  Most of the sales were small, inexpensive units across the street from the beach.  The highest sale was in Las Olas, directly on the gulf, with 3,270 square feet, which sold for $810,000.  There are 23 units currently under contract, including three over the million dollar mark.  The highest of which is a unit at Alta Vita, which is listed for $3,500,000.  It will be interesting to see what it sells for.   The San Kevi seems to be the building with the most activity.  With six units on the market, ranging from $999,999 to $1,490,000.  The $999,999 unit is a short sale which was purchased for $1,480,000 in 2006.   With 3,440 square feet, directly on the Gulf of Mexico, it could be the bargain someone has been waiting for.

The house I keep watching is the one 4 doors down from my house.  A six bedroom home, with 5,215 square feet, private heated pool, and gulf front balconies on the 2nd, 3rd and 4th floors.  As I walk by it every day on my evening beach walks, all I think is that if I win the lottery, that will be my first stop.

Give me a call if you have any questions or would like me to show you what Indian Shores has to offer.

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