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Downtown St Petersburg Condo Market Update for June 2010

Downtown St Petersburg skyline

Downtown St Petersburg skyline

Downtown St Petersburg Condo Market Update for June 2010

Only 7 downtown St Petersburg condos sold during the month of June 2010. Three of these were new condos, one at Ovation for just over $2 Million, and 2 at Signature Place in the $300s.  The remaining four were resale condos, ranging from $85,000 for one at The Madison to $202,000, also at The Madison.

During June there were 11 condos downtown that went to contract, all of them resales. They show a wider spread of price ranges than sales for the month: 7 of them were under $250,000, ranging from $58,900 to $229,000; one in the $600s at Florencia, two in the $800s at Vinoy Place and 400 Beach, and one over $1 Million at 400 Beach.

There are 85 resale condos currently on the market:

35 under $250,000

24 between $250,000 and $500,000

12 between $500,000 and $1 Million

13 between $1 Million and $2 Million

1 between $3 Million and $4 Million  (a luxury penthouse)

For specifics on what’s available in new construction, contact The Simms Team at ALVA International, Inc.

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