Gulf Place Market Update. October 10

By
Real Estate Broker/Owner with PrimeSouth Properties

We are entering the last quarter of the year, for all intents and purposes, the rental/vacation season has passed us.  Now is the time to buy or sell because the time is now.  Don't carry your rental property thru the winter with no income.  Don't pay the HOA or taxes if you can sell prior to those fee's being due.  

 

Town Center: There are two units currently on the market, listed at $299,999 and $375,000.  Two have sold recently at $390 and $289k. 

 

Caribbean: One active listing here with four recent sales.  Prices average around $450K, a very rough estimate.

 

Cabanas:  There has been a surprising bunch of activity over at the Cabanas with 6 sold units, two pending sales and three active listings.  The active listings range in price from $329k to $349k.  The sold prices range from $275k to $325.

 

I don’t generally go out on a limb but I truly feel that if you are interested in getting a more detail update on the market, you might do that now.  We are due for some type of adjustment and I don’t know which way it will head.  The last thing I want to do is bother you with worthless information, but I am also aware that when inventory is low, it might be a good time to evaluate the value of your units. 

 

If you are interested in knowing the value of your property and how it has changed over the last few months, please contact me anytime and we can talk.  The online estimates of home value can be accurate, but they do need to be confirmed with real data from a real person. 

 

You can call me at (850) 517 7098 or by email at Peter@bucketlistbroker.com.  I will be sure to provide any or all the information you need to decide on a plan for the next months.    

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 Peter A. Mohylsky

Broker Associate

PrimeSouth Properties 

WWW.Bucketlistbroker.com

Peter@bucketlistbroker.com

 

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Rainmaker
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Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

I also feel the market can go either way right now, all depending on how people feel about the economy and what it is going to do. That being said, the low rates, and the lack of inventory buyers actually want to buy is still making it a good time for sellers to consider selling.

Oct 08, 2019 02:23 PM #1
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Rainmaker
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Peter Mohylsky

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