Susan Carleton, Owner/Broker of Southern Real Estate Sales recently closed on a one bedroom condo at Grand Caribbean in Perdido Key. This ground floor, pool view unit sold fully furnished in less than 10 days.
Are you surprised by the quick sale? Don’t be! Condos at Grand Caribbean are a hot commodity right now. To make matter worse, there’s only one unit currently for sale… Which means, now is a great time to sell your property if you are Grand Caribbean owner.
Currently on market is a one bedroom, one bathroom condo, priced affordably at $139,000. For those who don’t feel like doing the math, that’s about $199 per square foot. Year-to-date market stats at Grand Caribbean show one active condo (which was previously mentioned), one under contract (which is one of Susan Carleton’s newest listings), and two units sold that have sold between January 1 and May 31.
For the two condos sold, the average price per square foot was $186.76, with two days on market for the one bedroom unit and 65 days on market for the two bedroom unit. We weren’t kidding when we said these condos are selling quickly.
Potential rental income likely feeds the demand for these popular vacation rentals in Perdido Key. With summer right around the corner, it’s an easy way to generate revenue, which consequently also makes it a great time to sell.
You can have your cake and eat it too, but in this case have your condo listed for sale, and continue rent it out until it does sell – which doesn’t seem like it will take too long!
To schedule a complimentary listing appointment or consultation, contact Southern Real Estate Sales at 850-492-1826.
