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Highs and Lows 2013-Condo/Townhouses

OK, let’s see how these did.

MOST EXPENSIVE CONDO/TOWNHOUSE:

[1]

740 Promontory Point #3206 You know the market has improved if this development is back over $1 million. This unit closed at $1,012,500.

HIGHEST PRICE PER SQUARE FOOT:

[2]

Even though it only went for $470,000, this 1 bedroom unit at 700 sq ft came in at $671.00 a sq ft. Last years high…$566.000

LOWEST PRICED CONDO:

[3]

There were a couple of these short sale condos that actually sold in the summer of 2012 but didn’t close until 2013. This one sold and closed in 2013 and went for $280,000. That more accurately reflects the year. Plus it’s a short sale at the Admiralty.

LOWEST PRICE PER SQUARE FOOT:

[4]

Well, I guess all the news from Promontory Point wasn’t good. This place sold for $790,000 and since it’s a 2264 sq ft unit it comes in at $348. Still, last years low was $250.

LONGEST ON THE MARKET:

[5]

This train wreck of a listing, a short sale too, was on the market from September 19, 2011 until it closed on September 13, 2013. An amazing 653 days.

GREATEST OVERBID:

[6]

849 Columba. This townhouse at Isle Cove was listed for $749,000 and closed at $900,000. $151,000 over asking.

GREATEST AMOUNT UNDER ORIGINAL LIST PRICE:

[7]

1151 Compass #202. This condo at Marina Green sold for $615,000…$20,000 under asking. It was one of the VERY FEW units that went under.