Sandbridge Market Metrics – January 1, 2022 – May 19, 2022 YTD

Sandbridge Market Metrics – January 1, 2022 – May 19, 2022 YTD
May 18, 2022 sandbridgehouses

market-metrics-jan-2018

For the past 30 days we have had a few homes and condos come on the market, most did not last long and were quickly “under contract”. There are currently 3 homes and 4 condos for sale in Sandbridge. It’s too early to tell the impact of recent interest rate hikes upon demand. We need some additional properties to come on the market to get a good gauge.

Sandbridge Homes

Active: 3
Sales: 20
Pending: 5
Contingent: 2
Average Days on Market: 30
Average Sales Price: $1,199,998.00
Average Sales Price Per SqFt: $396.87
Sales Price/List Price: 100%
Absorption Rate: .06

Sandbridge Condos

Active: 2
Sales: 18
Pending: 2
Contingent: 1
Average Days on Market: 88
Average Sales Price: $557,222.00
Average Sales Price Per SqFt: $285.33
Sales Price/List Price: 99%
Absorption Rate: 0.51