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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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Broadwater waterfront Market Update 7-6-09

The last Broadwater waterfront home sale was one of our listings on 6-6-09 at a high for the year of $410,000. One waterfront home has gone to contract since then, a renovated 3 bedroom pool home with 2,338 sq ft – it has been on the market for over 100 days, but when the listing price dropped to $449,999 it went to contract. Four waterfront homes in Broadwater are currently under contract, with list prices ranging from $420,000 to $499,000.

The MLS shows 13 active listings, ranging from $414,900 to $1,250,000. There are other offerings from unrepresented sellers and signs on some homes whose listings expired long ago.

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Broadwater waterfront sales increasing in price

Broadwater waterfront home sold

Broadwater just had its 5th waterfront closing for 2009 – The Simms Team sold it in one day. Sharon listed the home and Rob brought the buyers. The $410,000 sale is a high for the year in Broadwater, topping an April sale of $405,000. The highest list price was $450,000. Home prices have been $125 to $224/sq ft. The highest list price of the 4 homes currently under contract is $499,000. Sharon’s sold over 100 homes in Broadwater over the last 18 years. The sellers we represented who closed in December at $590,000 are pretty happy (now, looking back) that they took our advice to accept the offer.

As for available waterfront homes in Broadwater,  there are 21 ranging from $414,900 to $1,250,000. Price per sq ft is $210 to $432.

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Broadwater luxury waterfront homes

Broadwater and Boca Ciega BayBroadwater, a desirable waterfront community on Boca Ciega Bay in St Petersburg, Florida, has four homes currently being marketed over $1 Million. The four homes range from $1,250,000 to $1,350,000 and from 2,232 sq ft to 4,585 sq ft. The oldest was built in 1982 and the newest in 2006. Choose open water for a view or a location on a protected yacht basin if you want to keep your yacht or sailboat by your house. One luxury waterfront home sold so far in 2008 here in Broadwater, at $1,700,000.

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