Hibiscus By The Bay Condo Sales 2015
(YTD as of 10/05/2015)
Would you like to know what the Hibiscus By The Bay condo sales are year to date?
See the prices and what was included in the condo sales below.
Unit 402 in T1 sold for $232,000.00 and is still the top selling 2 bedroom condo unit. The 2 bedroom condo unit inventory has increased recently. At the time of this writing there were five 2 bedroom units on the market. We characterize the most recent showing activity to be slow, with not a lot of interest being expressed by buyers at this time.
Something to keep in mind when looking at prices is to make sure to take into consideration the larger picture, and remember pricing trends are just that, trends. As you watch a trend curve there will occasionally be fluctuations in prices. Some higher and some lower. However, it is the overall trend that is important.
And please keep in mind that your Realtors do not control the market. We give guidance to sellers and buyers with regard to pricing and sales terms. However, in the end the seller decides what they want to sell their unit for and the buyer decides what they are willing to pay. We do not make those decisions for them. Ultimately, private property rights which are so dear to all of us, entitle a seller of real property to sell their property for whatever they want to.
A Selling price and motivation to sell can be influenced by any number of reasons including, a death to spouse, death in family, financial considerations, condition of the unit etc. So, if there is a sale that is lower than what the market might be at the time, it may be helpful to not judge too harshly. Not being in the seller’s shoes, and not knowing the circumstances the seller had at the time of the sale, can make it difficult to understand the sale. One sale does not make a trend. Appraisers take into consideration selling prices off the trend, both high and low. They also take into consideration the pricing trend and whether they see prices as trending up or trending down.
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2 Bedrooms Tower 1
#1103 T1 – Closed on 2/2015 for $225,000
#1104 T1 – Closed on 3/2015 for $245,000 with Garage #B-4
#402 T1 – Closed on 6/2015 for $232,000
3 Bedrooms Tower 1
#401 T1 – Closed on 1/2015 for $265,000
#606 T1 – Closed on 5/2015 for $375,000 furnished with Boat Slip #43, w/jet ski lift and Garage #C-24
2 Bedrooms Tower 2
#503 T2 – Closed on 1/2015 for $239,000 furnished with Covered Boat Slip #3
3 Bedrooms Tower 2
#1001 T2 – Closed on 1/2015 for $300,000
#201 T2 – Closed on 1/2015 for $263,600
#901 T2 – Closed on 8/2015 for $350,000 with Large Boat Slip
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If you are considering selling your Hibiscus condo unit we would love to learn more about you and discuss your needs. Please don’t hesitate to contact us!
If you are interested in buying or know someone that might be, you can see all the FEATURED Hibiscus By The Bay condos for sale here HibiscusByTheBay.com!
Contact us so we can get you set up to get an announcement via email or cell phone when a Hibiscus condo unit that meets your needs comes on the market!
Thanks and have a HAPPY day!
Mike and Vivian Foate – HibiscusByTheBay.com