The past two weeks has seen a run on lots in Coquina Sands, Moorings, and Park Shore. The sales of these homes is pushing the bottom of the market close to $1m. A total of 12 properties went pending sale over the past 30 days while another 15 closed sale over the same time period.
These pending sales include a waterfront property located at 280 Cuddy Ct. listed on the market for 1 day when it procured a buyer. Despite having only 67 feet of water frontage this property was listed at $2.95m. A new home in Coquina Sands listed at $3.3m found a prior to the homes completion.
Another notable sale is a 1950's home on Banyan Blvd closed for $1.5m selling as an off market offering. This property is a half acre and only a few blocks from the beach.
The downtown market has shown strength in sales through this summer and with only a couple of months left before the season starts again!