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St. Thomas Square Condo Sales Activity Increasing
St. Thomas Square has two distinct classification of condos: Plaza and Villas.
The Plaza units are located on the second and third levels above the retail shops main level of the building. The Villas are located in five buildings each having up to fourteen units
St. Thomas Square Plaza SalesThe Plaza has seen much activity in listings and sales of units in 2015 and is continuing into 2016. There has been nine units sold in the last six months compared to only three sold from 1/1/15 to 7/31/15.
Currently there are three units that all went under contract in January. That is a 400% increase over the previous six months sales of three units. Unit 1204C is a 305 square foot efficiency. The last price listed was $49,000. It went under contract on 1/23/16 and the projected closing date is 3/15/16. Unit 1303B is an 840 square foot 1BR 1BA and its last price was $84,900. It went under contract on 1/1/16 with a projected closing on 2/15/16. Unit 1304 is a 623 square foot studio last priced at $61,000. It went under contact on 1/8/16 and the projected close date is 2/15/16.
The average sale has been $101.03 per square foot. Throwing out the outliers, the highest and lowest, it brings the average sale per square foot to $99.72. The range of sales per square foot is $87.78 to $123.39.
Currently there are only two active listings in the Plaza with Unit 1301A coming on the market soon.
Unit 1305B is a furnished 623 square foot studio offered at $87,000. Ceramic tile flooring, fresh paint, and a large bathroom with double vanity makes this unit vacation ready for you and/or renters.
Unit 1306A is a 769 square foot 1BR 1BA unit recently remodeled with laminate wood floors. It has new cherry kitchen ... more
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