Sunset Vistas | Treasure Island Gulf front condo-motel market update year end 2011

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Sunset Vistas | Treasure Island Gulf front condo-motel market update year end 2011
As of January 1st 2012 we are happy to report, that 17 condos in Sunset Vistas have sold in 2011! That is great news for Sunset Vistas and an encouraging sign for our overall market.
Another great sign is, that inventory is extremely low. As of January 1, 2011 there only 7 active listings available in Sunset Vistas |Treasure Island. This underlines our previous statements, that there are plenty of “regular” sellers out there, that are realistic, motivated and understand market value.
Here are the statistics for the condos in Sunset Vistas condos in Treasure Island in 2011:

MLS# 12000 Gulf Blvd
Unit:
Prop. Style Sq Ft List Price Sold Price Sold Price sq ft SP/SP ratio DOM Date sold
7504191 506 W Condo 870 369,000 360,000 414 97.56 109 08/15/11
7485432 202 W Condo 870 359,000 325,000 374 90.53 379 11/11/11
7472186 512 N Condo 870 349,999 326,000 375 93.14 419 10/11/11
7521896 610 S Condo 870 329,900 307,000 353 93.21 2 08/31/11
7493198 610 N Condo 870 315,000 315,000 363 100.19 104 03/23/11
7484189 507 N Condo 870 298,900 272,000 313 91.00 218 05/31/11
7480335 509 S Condo 870 294,000 260,000 299 88.44 149 02/04/11
7520711 605 N Condo 870 289,000 280,000 322 96.89 14 09/16/11
7495482 311 S Condo 870 280,000 256,500 295 91.61 28 02/28/11
2410305 308 N Condo 870 275,000 261,500 301 95.09 377 05/02/11
7517880 305 N Condo 870 265,000 243,500 280 91.89 88 09/23/11
7470216 208 S Condo 870 250,000 230,000 264 92.00 1694 12/02/11
7494366 405 S Condo 870 249,000 225,000 259 90.36 419 08/12/11
7527143 501 S Condo 870 245,000 220,000 253 89.80 41 12/06/11
7506650 301 N Condo 870 235,000 225,000 259 95.74 253 11/22/11
7493056 506 S Condo 870 233,600 235,000 270 100.60 29 01/06/11
7494847 203 N Condo 870 217,500 214,000 246 98.39 82 05/05/11

 

The most interesting row for a lot of buyers is  the “SP/LP Ratio”. This row shows the percentag of the asking price to the price the Sunset Vistas units have sold for.

Almost all buyers are asking the same question. “What is the percentage between list price and sold price”.
If you are familiar with Sunset Vistas, then you know by looking at the unit numbers the location within the building.
For those who are not and would like to know, Sunset Vistas was built so that each and every unit has a view onto the Gulf of Mexico.
At the end of the units are geographical designations. “N”, “S”, and “W”.
The unit numbers are coordinated as well. “01” starts E and works it way up W.
So the higher the number, the closer you are on the Gulf of Mexico. If the unit number ends “w”, you know, you are looking at a direct Gulf front unit.
As always, you can reach us any time at 727-410-7777 or 727-399-9990.
Sunset Vistas | Treasure Island Gulf front condo-motel market update year end 2011

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