July 2013 Real Estate News

by Joe Savage, Real Estate Broker

This month’s article takes a look at the year-to-date market, as we are at the halfway point in 2013.

We’re going to take a two-part approach to this discussion: the “short form” here, for those of you who might get bored by statistics, and a full issue of Sandpiper Real Estate News with more detail for you numbers-buffs. The detail issue will be emailed, however, so if we don’t have your current email, and you want to receive a copy of this report, please email Lee Kramer at lkramer@mandokihospitality.com to update your email address or sign up to receive our newsletters.

We have seen a dramatic increase in the number of units sold at the Plantation. Last year, there had only been 14 sales in the first six months of 2012. This year, during the same time period, we have had 21 sales; a 50% increase over 2012. The lion’s share in the number of sales in Plantation West and the PUD. There was limited growth in Plantation East and Plantation Palms, and a slowdown in Plantation Dunes. More details in the follow-up report.

As to pricing and property values, we have seen a solid increase in the condominium sale price per square foot across the property, from a median of $157 per square foot in 2012, to $168 in 2013; thus, we are selling more units, and at better prices. (Note: Sales in the PUD are not included in these calculations.) I will discuss the per-complex, per-floorplan data detail in the follow-up report.

It appears that 2013 has begun quite auspiciously for sellers at GSP, and especially for sellers listed with Mandoki Realty. Mandoki Realty brokered 11 of the 21 sales so far this year, and has been able to progressively increase the sales prices when other agents are leaving money on the table. If you want to sell your unit, and sell it at its best price, you can do no better than to list it with the ONSITE agent—Joe Savage at Mandoki Realty!