December 2015 Market Report
Written By: Miller and Associates Realty On: 15th January 2016 Under: Uncategorized
During the month of December, sales throughout the beach were more spread out among various properties. A total of 95 sales took place during the month, which is a 13% increase in comparison to the same time in 2014.
Leading Condo Sales for December 2015
- Tidewater Beach Resort: 6 Sales. Total Volume: ,147,950
- Calypso Towers: 4 Sales. Total Volume: $1,622,500
- Boardwalk Central: 4 Sales. $1,333,700
Condos with Lowest “Days on Market” (DOM) Sales
- Bahama West: Average DOM 8. Total Volume: $227,500
- Grand Lagoon Cove Condominium: Average DOM 8. Total Volume: $102,500
- Ocean Reef: Average DOM 9. Total Volume: $287,000
Condos with Lowest Average Sale Price
- Lazy Daze Condo: Average Sale Price – $32,000.
- Fontainebleau Terrace: Average Sale Price – $53,500.
- Ambassador Beach Condo: Average Sale Price – $60,000
Condos with Highest Average Sale
- Sterling Beach Condo: Average Sale Price – $640,000.
- Calypso Tower: Average Sale Price – $405,625.
- Tidewater Beach Resort: Average Sale Price – $382,650.
Overall, there was a 25% increase in sales volume, 10% increase in sale price and a 37% drop in “Days on Market” compared to last year.
