March was another solid month of real estate activity. We are at all time lows as far as inventory for sale with both single family and condos. As I write this newsletter there are 3 homes and 20 condos for sale. This certainly is a unique period in real estate not only for Sandbridge but the entire country. The only thing I know for sure is that this too shall change, just not sure how or when.
Sandbridge Homes
Active: 3
Sales: 19
Pending: 6
Contingent: 4
Average Days on Market: 105
Average Sales Price: $1,166,158.00
Average Sales Price Per SqFt: $339.82
Sales Price/List Price: 96%
Absorption Rate: 0.45
Sandbridge Condos
Active: 20
Sales: 18
Pending: 7
Contingent: 4
Average Days on Market: 150
Average Sales Price: $434,853.00
Average Sales Price Per SqFt: $251.66
Sales Price/List Price: 96%
Absorption Rate: 2.05