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Broadwater waterfront homes Market Update

Broadwater waterfront home in St Petersburg FL

Broadwater waterfront home in St Petersburg FL

Broadwater waterfront homes in St Petersburg, Florida, have been selling at the rate of  just over 2 per month. Based on sales in 2011, this means the 6 homes currently listed in the Multiple Listing System (MLS) are less than a 3 month supply of homes. However – we see a different picture when we break the market into price ranges.

In the $300s – 10 waterfront homes sold this year – only one is on the market now.
In the $400s – 2 waterfront homes sold this year – one is on the market now.
In the $500s – 1 waterfront home sold this year – one is on the market now.
In the $600s – 1 waterfront home sold this year – one is on the market now.
In the $700s – no sales or listings.
In the $800s – 1 waterfront home sold this year – one is on the market now.
In the $900s – no sales or listings.
Over $1 Million – no sales this year. One estate property is listed at $3,500,000.

We marketed the two highest sales this year. The home in the photo sold for $850,000. It has just over 4,000 sq ft, a pool, a cul-de-sac location with 250 ft of waterfront, and was built in 2009.

Properties priced at the low end are getting harder to find and often have multiple offers in the first few days.  For more information on Broadwater homes or other St Petersburg properties, please contact The Simms Team at ALVA International, Inc. real estate.

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