The latest market update for luxury real estate in Pinellas County Florida has been posted.
Only 3 homes over $1 Million sold in October, but 8 homes went under contract. Based on the latter, there's a 66 month supply. Less than half as many homes went to contract as in October 2007.
7 luxury condos over $1 Million sold in October in Pinellas County, most of which were new. The new condos sold at anywhere from 82% of list to 100% of list. Yes, there's a difference in condos! The 100% sale was at Sandpearl Residences on Clearwater beach, built by JMC Development, and affiliated with the Sandpearl Resort, the newest luxury hotel on the Gulf of Mexico in Pinellas County.
One of the new listings this month is a 7,000 sq ft home on the Gulf of Mexico in Redington Beach, offered for $11 Million - with 120 feet of sand dunes along the Gulf of Mexico with its soft, white, sand.
