Channelside in Tampa. Condo sales. Any action?

ANy Buyers biting in the area? Short Sales/Foreclosures? I am an investor/owner looking for accurate financials.
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January 16 2010 - Tampa
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Answers (1)

"gramslu"

It is hard to give accurate financials without a price range . . . Here is an overview taken from the Mid Florida Regional Multipel Listing Service.  There have been 5 closed sales in Channelside since October
The Place at Channelside - 150,000  ... 1170 Sq Ft.
Channelside Lofts -  190,000 ...  1246 Sq Ft.
Towers of Channelside -   250,562 ...  1281 Sq Ft.
Towers of Channelside -   412,250 ...  1805 Sq. Ft.
Towers of Channelside -   489,900 ...  1767 Sq. Ft.

There are currently 3 pending short sales that don't give any information until they close.

And, there are 45 Active listings in the multiple listing service (many short sales and foreclosures) as well as the numerous units still available through the developers.

Your biggest obstacle as in investor is the lack of financing.  Until there are better loans available for condos, you are going to be limited to the investor community who will be looking for rock bottom prices.

There are other less speculative investments out there right now, and if you would like to explore those, I would love to assist you.

Lisa Spencer
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January 16 2010
 
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