On the real estate front, we continue to see very low inventory and as new properties come on the market, with most going “under contract” in a short period of time. Again, as I mentioned in my previous newsletter, the condo market has slowed to a crawl with only two units on the market at the moment.
Sandbridge Homes
Active: 2
Sales: 49
Pending: 4
Contingent: 3
Average Days on Market: 32
Average Sales Price: $1,197,378.00
Average Sales Price Per SqFt: $442.61
Sales Price/List Price: 99%
Absorption Rate: 0.47
Sandbridge Condos
Active: 4
Sales: 25
Pending: 0
Contingent: 0
Average Days on Market: 81
Average Sales Price: $559,200.00
Average Sales Price Per SqFt: $292.94
Sales Price/List Price: 99%
Absorption Rate: 1.86