Buyers continue to pick up deals along the Gulf Coast, especially in Perdido Key, the area's hiden jewel. Many have discovered Perdido Key's treasures...now condo buyers are learning that value is another treasure to add to the list. As other coastal markets continue their slow decline, real estate values in Perdido Key have corrected more quickly and are stabilizing. In a nutshell, for best price and best choice, now is the time...choices are getting slim at today's hot prices!
For you "'numbers people", here are 3rd Quarter 2009 sales statistics and summaries...ENJOY!
|
Condo Location |
# of Condo Sales |
Average Price |
Average Price/Sf |
|
Gulf Front |
38 |
$547,834 |
$256 |
|
Gulf access (Grand Caribbean) |
5 |
$107,100 |
$155 |
|
Riverfront & River access |
2 |
$265,000 |
$174 |
|
No Water Access (Purple Parrot) |
7 |
$98,484 |
$119 |
|
Golf Course (Lost Key) |
5 |
$199,000 |
$118 |
Prices have dropped and so has the inventory...just check out this 2008 versus 2009 comparison:
|
3rd Quarter Comparison |
2008 |
2009 |
% Difference |
|
|
|
|
|
|
Average Sales Price |
$637,049 |
$421,578 |
- 33.8% |
|
Average Condo Inventory |
377 |
277 |
-26.5% |
I invite you to call me with any questions. I love talking about our Perdido Key real estate market!
...and, boy, is there a lot to talk about!
Blessings to you,
Kathy
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