Sandbridge Market Metrics – January 1, 2021 – June 16, 2021 YTD

Sandbridge Market Metrics – January 1, 2021 – June 16, 2021 YTD
June 16, 2021 sandbridgehouses

market-metrics-jan-2018

Real estate continues to move quickly, when reviewing single family homes that are “pending” and “sold”, you will see some of these went under contract in one or two days. With the rise in sales prices we are experiencing more homes coming on the market but it will be some time before supply catches up with demand. Of note, we had the distinct pleasure of representing the buyers for 2572 Sandpiper, this luxury vacation rental property represents one of the highest sales on Sandpiper Rd!

Sandbridge Homes

Active: 7
Sales: 36
Pending: 8
Contingent: 2
Average Days on Market: 85
Average Sales Price: $1,205,603.00
Average Sales Price Per SqFt: $355.78
Sales Price/List Price: 98%
Absorption Rate: 1.06

Sandbridge Condos

Active: 13
Sales: 36
Pending: 2
Contingent: 4
Average Days on Market: 166
Average Sales Price: $467,208.00
Average Sales Price Per SqFt: $268.09
Sales Price/List Price: 96%
Absorption Rate: 1.99