Sandbridge Market Metrics – January 1, 2023 – October 19, 2023 YTD

Sandbridge Market Metrics – January 1, 2023 – October 19, 2023 YTD
October 19, 2023 sandbridgehouses

market-metrics-jan-2018

There has been steady activity on the real estate front this past month. The interest rates have slowed the amount of time a property goes under contract but most take less than 30 days for an agreeable offer to be accepted. There is a lot going on in the real estate market on a macro level and I will do my best to keep you posted on information that may apply to this market.

Sandbridge Homes

Active: 6
Sales: 33
Pending: 5
Contingent: 2
Average Days on Market: 18
Average List Price: $1,313,694.00
Average List Price Per SqFt: $537.54
Sales Price/List Price: $1,305,799.00
Sales Price/List Price: 100%
Absorption Rate: 1.77

Sandbridge Condos

Active: 14
Sales: 19
Pending: 0
Contingent: 1
Average Days on Market: 43
Average List Price: $597,616.00
Average List Price Per SqFt: $339.44
Sales Price/List Price: $587,371.00
Sales Price/List Price 98%
Absorption Rate: 3.07