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Summerhouse Condos Prices Take a Dive Late 2008

By
Real Estate Agent with Crescent Beach Realty of St. Augustine Fl

St. Augustine Condos Summerhouse Condos at St. Augustine Beach-Crescent Beach have seen prices plummet 10% beginning in mid October 2008.  Summerhouse Condos on the oceanfront dropped on averge from the $525k range into the $475K range in just 30 days.  These are oceanfront town houses and flats that have traditionally been the most desireable in the complex of over 300 units.  Crescent Beach Realty of St. Augustine Inc. closed on unit 103 the first week of November 2008 at $475,000.  That sale caused similar units to tumble the asking prices as much as $50,000 immediately thereafter.

See more information, pictures and listings by simply clicking here now:  http://www.tiptopwebsite.com/summerhousecondosstaugustine 

You can now purchase a beautiful town house at Summerhouse Condos (not my listing) for $469,000 or even less if we can negotiate it down a little.  There are several for sale in that price range.  These units were bringing close to $700,000 at the height of the market in 2006.  Times change.  Fortunately for sellers and buyers at Summerhouse Condos in St. Augustine, many sellers have owned their condos for many years and they bought them for as little as $100,000 so they can afford to let the buyers have a really good deal even by today's market standards.  See our listings currently offered by clicking here:  http://www.crescentbeachrealty.com 

Ronnie Tumlin has an ocean view townhouse listing at Summerhouse Condos number 115 that is absolutely outstanding.  Totally remodeled, fully furnished, like new.  Overlooks the oceanfront pool and St. Augustine Beach-Crescent Beach.  Asking price is:  $394,000  click here to learn more:  http://tiptopwebsite.com/summerhousecondosstaugustine

You can email Ronnie Tumlin at:  rtumlin@crescentbeachrealtors.com