- The number of sales almost doubled from 2010 to 2011 – a reflection of the increased activity level overall.
- The average sales price, though provided, is not a true measurement of the market in Cocquina Sands. One reason, Coquina Sands offers quite a range of homes and home prices – from older homes that require remodeling (in the $500,ooo range) to beachfront condos in the $3M.
- More distressed sales were removed from the market making those a rarity amongst single family homes in Coquina Sands, Moorings and Park shore neighborhoods.
- Sellers who ignored the market conditions and started at an unrealistic price, stayed on the market longer and, as a result, closed at a lower percentage of list price as they chased the market.
Lets look at some figures for Coquina Sands Homes Sales 2011 vs 2010.
2010 / 2011
# of Closed Sales – Single Family 8 / 15
Average Sale Price – Single Family $880,625 / $784,937
# of Sales at Above Asking Price 1 / 1
Highest Closed Sale Price $1,450,000 / $1,875,000
Distressed Sales Share of Market 37.5% / 26.6%
If you are a buyer, taking your time and waiting to end of season to make a decision on a home you like, or making low ball offers, might not work in your favor. Get yourself a good agent, do your homework and then go negotiate a good deal. There are some exception buys still on the market, but they are becoming few and apart.
If you are a seller of a Coquina Sands home, you have chosen a more favorable time than the last few years to market your home and should expect better offers in 2012. Enter the market at the correct price from Day One and choose an agent that has strong Internet presence. You can look forward to a brighter 2012 but, keep in mind that buyers are keenly aware of market value – after all some of them have been watching for a while.
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We are active in the sale and marketing of single family homes in the Pelican Bay, Park Shore, Moorings and Coquina Sands communities. You can benefit from our years of experience and local knowledge. Our strong Internet presence has attracted many buyers on the local, national and International levels.