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Sandbridge Sales – May 2012

There were 6 houses recorded as Closed Sales in Sandbridge for May, 2012. This is another record number. The last 7 months have been very active in terms of closed sales. Buyer activity seems to be signaling that we may have hit a pricing bottom.

Four of the six closed properties were on Sandpiper Road, buyers seem to be responding to the good value currently offered on this street.

When we talk about what has sold in Sandbridge for the past month we need to be on the same page. You may have heard discussions about how many houses sold recently. When a contract to purchase real estate is agreed to by the Buyer and Seller it is often referred to as a sale. This is an optimistic look at what should happen if all goes well.

For the purpose of reviewing sales contracts that went all the way to closing we look at which houses transferred title. The money was actually exchanged for the keys. We call these “Closed Sales”.

The houses that closed were:

Street # Street Sale Price Bedrooms Full Baths 1/2 Baths Sq. Feet Pool Waterfront Date Closed
2840 SANDPIPER ROAD  $575,000 6 4 0  2,900 YES No 5/30/12
2237 WIDGEON LN  $360,000 4 3 0  3,560 NO Yes 5/25/12
2640 SANDPIPER RD  $425,000 5 3 0  1,618 NO No 5/23/12
2348 N. SANDPIPER RD  $637,000 6 3 0  2,904 YES No 5/2/12
317 PINTAIL CRES  $650,000 4 2 0  2,426 NO Yes 5/18/12
3053 SANDPIPER RD  $389,000 4 3 0  1,516 NO No 5/15/12
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