SNAPSHOT OF MARKET ACTIVITY
June 15th through August 31st
MARKET OVERVIEW
In the 77-day period between June 15th and August 31st, 61 properties were place Under Contract for Sale!
Several new “high water marks” were achieved, with brand-new homes, condos and townhomes commanding the lion’s share of attention. The sales of “new” properties represent about 25% of the sales activity, and include: the new townhomes located at the former site of “Tonios Pizza & Seafood Shack”, the new condos located at 26th and Dune Drive, and several beautiful new homes located in Avalon & Stone Harbor.
A healthy mix of “building sites” sold and will soon be developed, so IF you or someone you know is interested in knowing about “upcoming” new properties For Sale, then please let me know and I will update you right away!
PROPERTIES FOR SALE
The Inventory of properties available For Sale remains “relatively” low. For example, when looking at 2019 (a more baseline Pre-Covid year), there were 154 single-family homes For Sale and 56 condo/townhomes For Sale. As of today, there’s “about” HALF the # of properties For Sale - 73 single-family homes For Sale and 32 condo/townhomes For Sale!
# OF PROPERTIES PLACED UNDER CONTRACT FOR SALE IN:
PROPERTIES PLACED
UNDER CONTRACT FOR SALE
· # OF PROPERTIES - 61
HIGHEST “BY ASKING PRICE”- $12,999,000
2nd HIGHEST PRICE - $10,575,000
· # OF BAYFRONT - 6 (SF-4, CONDO-5, LOT-1)
HIGHEST “BY ASKING PRICE” - $9,995,000
2nd HIGHEST PRICE - $7,500,000
· # OF BEACH BLOCK - 3 (SF-0, CONDO-2, LOT-1)
HIGHEST “BY ASKING PRICE” ($5,295,000)
2nd HIGHEST PRICE ($1,300,000)
PROPERTIES CURRENTLY FOR SALE
· # OF PROPERTIES - 118 (Avalon- 86 and Stone Harbor- 32)
HIGHEST “BY ASKING PRICE” ($24,999,000)
2nd HIGHEST PRICE($16,945,000)
· # OF BAYFRONT - 24 (Avalon- 13 and Stone Harbor- 11)
HIGHEST “BY ASKING PRICE”($10,995,000)
2nd HIGHEST PRICE($10,285,000)
· # OF BEACH BLOCK PROPERTIES - 14 (SF-10, LOT- 4)
HIGHEST “BY ASKING PRICE” ($16,945,000)
2nd HIGHEST PRICE ($7,999,000)
· # OF BEACHFRONT PROPERTIES- 6 (SF-5, LOT- 1)
HIGHEST “BY ASKING PRICE” ($24,999,000)
2nd HIGHEST PRICE($16,945,000)
|