Home > Uncategorized > Seminole Isle condos and townhomes market update year end 2011

Seminole Isle condos and townhomes market update year end 2011

Seminole Isle condos and town homes market update year end 2011

As of January 1st 2012 we are happy to report, that 19 condos and town homes in Seminole Isle have sold in 2011! That is great news for Seminole Isle and an encouraging sign for our overall market.

Another great sign is, that inventory is extremely low. As of January 1, 2011 there was just ONE active listing in Seminole Isle. Within the first week and a half 2 more listings got listed. Both of them 1,700 sq ft condos in 7296 Marathon Drive. Unit 502 and unit 402. Both priced identical. One is a bank owned unit, the other one a regular sale.

This underlines our previous statements, that there are plenty of “regular” sellers out there, that are realistic, motivated and understand market value.

Here are the statistics for the condos and tonwhomes in Seminole Isle sold in 2011

MLS# Address Prop. Style Sq Ft List Price Sold Price Sold Price sq ft SP/SP ratio DOM Date sold
7515622 7070 Key Haven #601 Condo 2100 359,900 290,000 138 80.58 174 12/14/11
7511446 7070 Key Haven #301 Condo 2100 309,900 275,000 131 88.74 74 08/01/11
7495645 7040 Key Haven #406 Condo 2100 300,000 250,000 119 83.33 98 04/11/11
7498097 7069 Key Haven #401 Condo 2100 300,000 270,000 129 90.00 57 08/03/11
7642772 7250 Conch Blvd Townh. 2089 239,000 197,000 94 82.43 492 09/15/11
7473128 7065 Islamorada Townh. 2090 220,000 212,000 101 96.36 722 06/21/11
7488970 7393 Islamorada Townh. 2089 219,900 210,000 101 95.50 249 03/02/11
2454326 7372 Islamorada Townh. 2090 219,900 217,000 105 98.68 9 03/18/11
7511343 7289 Islamorada Townh. 2089 219,900 214,000 104 97.32 17 08/05/11
7496645 7389 Islamorada Townh. 2089 215,000 213,000 102 99.07 13 02/18/11
7470732 7349 Conch Blvd Townh. 2090 213,000 210,000 100 98.59 212 01/28/11
7495689 7276 Islamorada Townh. 2088 205,000 196,600 95 96.88 119 05/23/11
7512131 7070 Key Haven #602 Condo 1700 199,900 190,000 112 95.05 0 04/28/11
7513583 7296 Marathon #205 Condo 1700 199,000 185,000 109 92.96 985 08/25/11
7463934 7375 Conch Blvd Townh. 2090 179,000 175,000 84 97.77 277 02/24/11
2443725 7194 Key Haven #205 Condo 1700 174,900 170,000 100 97.20 157 02/14/11
7492525 7069 Key Haven #204 Condo 1500 165,500 160,000 107 96.68 27 01/27/11
7517797 7194 Key Haven #504 Condo 1500 164,900 165,000 110 100.06 58 09/27/11
7516393 7194 Key Haven #203 Condo 1500 147,000 147,000 98 100.00 853 11/21/11

 

The most interesting Row for a lot of buyers is  the “SP/LP Ratio”. This row shows the percentag of the asking price to the price the Seminole Isle townhome or condo has sold for. Almost all buyers are asking the same question. “What is the percentage between list price and sold price”.

In the case for Seminole Isle townhomes and condos, this number looks very good and is a very encouraging sign of the improving market.

To complete the update for Seminole Isle we have 8 condos and townhomes that are still under contract and have not yet closed. These pending listings will already make a great impact for 2012. We will keep you posted on those listings in our first quarter update for Seminole Isle early April.

As always, you can reach us any time at 727-410-7777    or    727-399-9990.

Seminole Isle condos and townhomes market update year end 2011

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  1. January 11, 2012 at 13:55

    That is truly encouraging news about Seminole Isle condos and townhomes and the overall real estate market.

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