Sandbridge Real Estate Net

Sandbridge House Sales Double in July

Twice as many homes were sold in Sandbridge, VA. in July compared to July 2011. These results continue the record setting monthly trend. In addition to doubling the number of recorded home sales the Sales Price compared to List Price improved from 91% to 95%.

Semi-Oceanfront houses were the market leader with 50% of sales occurring on the Oceanview side of Sandfiddler Road. Oceanfront houses had been the bulk of recent sales, this switch to semi-ocean is logical as buyers see attractive pricing migrating across the street.

The Oceanfront home that sold this month had limited North and South oceanviews.  Larger & Newer homes had been built closer to the beach and blocked views up and down the beach for this property.

In addition to the house sales for July we had an undeveloped oceanfront lot sell this month. This lot, at 3344 Sandfiddler Road sold for $620,000.

This entry was posted on Wednesday, August 8th, 2012 at 4:19 pm and is filed under Buyers, Recently Sold, Recorded Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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