Thursday, March 11, 2010

Sales stats for February – Current prices of beach real estate

This just in:

Residential real estate sales for the month of January in the following beach areas:

Indian Rocks Beach, Indian Shores, Belleair Beach/Sand Key

There were 24 sales, consisting of:

Condominiums- 16 sales

Single Family Homes - 6 sales

Townhomes- 2 sales

Average square footage = 1414

Average Beds/Baths = 2/2.5

Average list price = $362,908

Average sales price = $322,219

Sales price to List price ratio = 92%

Average Days on Market = 120 (There was only 1 listing that was on the market over 365 days)

Number of properties that are on the beach side of Gulf Boulevard (NOT necessarily Gulf front views) = 11

High sale: $640,000 – Sand key condo- Gulf front

Low sale: $84,900 – Condo, Indian Rocks Beach

NEW DATA THIS MONTH:

There were 9 distressed sales, consisting of 7 short sales and 2 foreclosures (REO, Bank-owned)

If you'd like to live here, full time or part-time, NOW is the time to buy!

www.MyPinellasParadise.com

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