Downtown St Petersburg Condo Market Update for June 2010
July 2nd, 2010 categories: Market Updates
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.
| Discussion: No Comments »
Million Dollar Condo Sales in downtown St Petersburg Florida
April 15th, 2009 categories: Real Estate News
So far this year only 1 downtown St Petersburg condo has sold at over $1 Million – a developer’s unit that sold this month for $1,200,000. To be fair – there was one more that sold at nearly $1 Million – a Parkshore Plaza resale condo that sold at $999,000. There are currently 29 condos on the market above $1 Million and 4 under contract.
Looking at the $1 Million+ condo market in Pinellas County, Florida, there are 203 units on the market, 14 under contract, and 8 sold.
“Under contract” doesn’t mean that it WILL sell, or that it will sell soon. Some are condos under construction and others are short sales, which are subject to bank approval.
| Discussion: No Comments »
Downtown St Petersburg Condos – Market Report August 1, 2008
August 2nd, 2008 categories: Downtown St Petersburg, Market Updates
There are currently 181 downtown St Petersburg condos listed for sale. This is about average for the year, with monthly inventory ranging from 171 to 187 units. 13 units sold during July but more relevant is the number going to contract during July, which was 6. At the rate of sales during July, that is a 2.5 year supply. The $250,000 – $500,000 range has the most choices, with 28.7% of the units.
The majority of the sold condos were new: 3 sales in 400 Beach and 4 sales at The Sage make up 54% of the sales. In resales, Bayfront Tower had 4 of the sales and Bayboro Tower had 2 of them. Condos going to contract in July had twice as many resales (4) as new sales (2); all of the resale contracts during July were under $250,000; both of the new contract were in The Sage. There were no contracts over $1,000,000 during July 2008.
| Discussion: No Comments »
; ?>/images/MatoChiclet.gif)
