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Still a sellers’ market for downtown St Pete condos

Compared to a year ago, we started 2014 with 55 downtown St Pete condos on the market, more than twice the number from a year before. However, downtown condos were selling at the rate of 24 per month during 2013 so that’s still only a 2.3 month supply of condos. A six month supply is considered a balanced market, so it’s still a seller’s market.

Active

<100K

.100-199K.

.200-299K,

.300-499K.

.500-999K.

.1-2 Mil. 

.2+ Mil.

Total

1/1/14

3

13

6

15

8

7

3

55

1/1/13

0

1

0

7

7

2

2

19

Downtown St Pete condos are listed from $60,000 to $2,499,000. As the table shows condos are available in a wide range of prices. For more information on any of the condos available, please call The Simms Team at (727) 898-2582  (or email them at info@SimmsTeam.com). For representation in buying or selling a condo, contact The Simms Team with Coastal Properties Group, affiliate for Christie’s International Real Estate.

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