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Hello! What's up, or down, with Lake Town Wharf prices? If you're looking for answers,
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now you found them. I'm your Laketown Wharf condo guide Scott Pope. You will get this year's sales
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through the end of September, last month's listings, pending sales and sold numbers.
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First, Laketown Wharf had 104 sales January through September. Sales were strong until
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May when they dropped by nearly 75 from the prior month and they haven't really changed since then.
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Lake Town Wharf is experiencing a 13.6% turnover rate. Compare that to The Commodore which is at
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6.7% and The Summit which is at 9.3%. Typically condo complexes in PCB have an annual turnover
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of 9 to 12 percent so Laketown Wharf turnover is high, especially with three months left of
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the Year remaining. Now as of September the 1st there are 58 listings for sale. I like to break
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it down more than anyone else because we have two different views and four different floor
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plans at Lake Town. I suggest that you look at both the Gulf View and the Lakeview units
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when you schedule your appointment to see condos here. You may determine that either
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upgrades in a late view versus a Gulf View needing many upgrades may better suit you.
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Or you prefer the Gulf no matter that the unit needs a complete refresh. Similarly, you may find
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that you prefer a two-bedroom Lake View rather than a one bedroom Gulf View for the same money,
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trading view for size. The same great amenities are available to owners whichever view you own!
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We have nine under contract. There were eight condos sold in September.
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I want to look at the one bedrooms as an example of why I break down the numbers more than
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anyone else. The Gulfview units are clearly running around eighty thousand dollars more
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than Lakeview units. However, when you average them all together generally as one bedrooms,
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you get an average price of three hundred and thirty nine thousand.
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If you are given this information without knowing there are different views, then you see some one
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bedroom lake views and think those are underpriced whereas looking at prices of Gulf views
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you believe that those are all over priced. I want you to have information worth having.
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Check out some of our Lake Town Wharf condos offered by clicking on the playlist
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and please like this video and subscribe to our channel so you won't miss the next
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update and you can get a monthly report on the latest listings. Questions? Want to schedule a
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Laketown Wharf condo tour? Call your condo guide Scott Pope at 850-329-5910 See you next time!
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