Surfside-Garden City Oceanfront Condos Sold - Third Quarter 2008
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CONDO/TOWNHOUSE Summary Statistics
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High
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Low
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Average
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Median
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List Price:
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$539,900
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$149,900
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$323,720
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$309,950
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Sale Price:
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$489,000
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$143,000
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$289,100
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$270,000
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Bldg Name
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ADDRESS
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BR
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EstSqFtUR
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Total SQFT
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DOM
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List Price
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Sold Price
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$/Total SQFT
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Windswept Villas
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301 Windswept Villas
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Efficiency
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05 551-600
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550
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314
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$149,900
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$143,000
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$260.00
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WATERS EDGE
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1012 N WACCAMAW DR.
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1
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11 851-900
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872
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312
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$228,900
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$186,000
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$213.30
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ROYAL GARDEN RESORT
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1210 N WACCAMAW DRIVE
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2
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10 801-850
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800
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48
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$259,000
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$243,000
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$303.75
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Royal Garden
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1210 N Waccamaw Dr
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2
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10 801-850
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801
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368
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$249,900
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$245,000
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$305.87
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Surfmaster
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1620 N Waccamaw Drive #1010
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2
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18 1201-1250
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1240
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147
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$294,900
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$270,000
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$217.74
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One Ocean Place
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1990 N Waccamaw Drive
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2
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19 1251-1300
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1200
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126
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$399,900
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$270,000
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$225.00
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Beach House
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700 N Waccamaw Drive
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2
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11 851-900
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860
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287
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$325,000
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$285,000
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$331.40
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Afterdeck
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806 N Waccamaw Drive
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2
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15 1051-1100
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1051
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42
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$329,900
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$315,000
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$299.71
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Sea Cloisters II
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301A Sea Cloisters II
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3
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19 1251-1300
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1251
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195
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$459,900
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$445,000
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$355.72
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713 S Ocean Blvd
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3
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24 1501-1550
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1260
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112
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$539,900
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$489,000
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$388.10
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Total Listings
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Avg
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Avg
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Avg
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Avg
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10
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195
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$323,720
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$289,100
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$290
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*Note: Only 10 sales in 3 months.
**Note: There are currently 137 Oceanfront Condos for sale in the Surfside-Garden City area.
7.3% of the inventory was sold in the 3rd Quarter (2.43% per month). At that rate, it will take 3 years and 5 months to sell out of the current inventory.
;)
;)
Those are some sobering numbers given the days on market and the List Price / Final Sales Price ratios. When sellers are realistic, buyers will jump in!