What's Up with Laketown Wharf Resort Prices? 9/2022 Market Report

By
Real Estate Broker/Owner with Nautical Properties 3305354

 

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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!

 

Comments (1)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

 

Hi,

 

Welcome to the Rain. Enjoyed your blog page, and I added you as a friend. I would love the follow back. Bill

 

Oct 07, 2022 12:53 PM