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Sandbridge Real Estate Sales – December 2012

Siebert-Realty-logo1There were only 2 houses recorded as Closed Sales in Sandbridge for December, 2012.  This is the first month of the year that we have recorded a reduction in unit volume. Conversations with buyers lead me to believe uncertainty from the Election and impending Fiscal Cliff caused buyers to hold off pulling the trigger on second home purchases.

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 Sale Price  Bedrooms Full Baths Half Baths Square Feet Pool Waterfront Date Closed
Sandpiper RD $422,500 4 2 0 1180 No No 12/28/2012
Sandfiddler RD $559,000 3 2 1 2000 Yes No 12/17/2012

This blog is maintained by Michael of Kim Hughes & Company.