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