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Sandbridge Real Estate Sales August 2012

There were 4 houses recorded as Closed Sales in Sandbridge for August, 2012. This is another record number, up 25% versus last August. The last 8 months have been very active in terms of closed sales. Buyer activity seems to be signaling that confidence in real estate as an investment is returning.

Two of the four closed properties were on Sandfiddler Road, with one each oceanfront and semi-oceanfront. It should be noted that the oceanfront house at 3616 Sandfiddler was in need of major renovations in order to bring the house up to average condition. Average sales price versus August of 2011 was up 3%.

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 Name Sale Price Bed- Baths Sq. Pool Water- Date
rooms Ft. front Closed
2749 SANDFIDDLER RD       585,000 6 4.0    2,890 No No 8/30/2012
2880 BLUEBILL DR       515,000 6 3.0    2,644 Yes Yes 8/28/2012
344 BACK BAY CRES       965,000 6 4.5    4,888 Yes Yes 8/17/2012
3616 SANDFIDDLER RD       700,000 4 4.0    2,812 No Yes 8/7/2012