Downtown St. Petersburg has been exploding lately! More people are moving to Florida everyday, and especially to St. Petersburg, and there are fewer and fewer properties on the market, even above the $1 million mark. Due to simple supply and demand, at some luxury condos buildings, prices are soaring. Check out the two most expensive listings below – at Florencia and Parkshore Plaza – hitting over the $3 Million mark. We have not seen a sale over the $3 Million mark on a luxury condo since 2011, and that was for the Ovation condo project.
Some developers are responding to the demand – with projects like Bliss Over Beach Drive in the works, the reinvention of The Sage and even Water Club at Snell Isle, nearby. However, they will go like hotcakes so serious buyers will have to be fast.
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