October 2006 stats and musings about the resale condo market

Not all building complexes are equal when it comes to the pace of the South Beach condo market. When looking at the numbers over the last 60 days 200 Brannan and The Bridgeview are definitely faring better than others. Let’s start off with the numbers for the South Beach area over the last 60 days:

  • 79 actives (5 have offers awaiting contingencies to be removed) and 24 pendings. Also 53 withdrawn units and 31 solds during this period.
  • 200 Brannan has 3 actives (1 with a contingent offer) and 2 pendings, with 2 sold in this period altogether this market activity represents about 2.8% of the total 250 units in the building. The market is even, neither a seller’s nor buyer’s market.
  • The Bridgeview is also in a temperate market with 4 active, 3 pending. There is 1 withdrawn and 4 solds for the period.  One advantage is that the water views units won’t be impacted by any building as the space below the bridge is slated to be a park area after the completion of the Bay Bridge retrofit.

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