Vinoy Place St Petersburg Market Update 8-23-09

Vinoy Place continues to do well despite a slower condo market in downtown St Petersburg. Built in 2001 and 2002, the 4 towers and 10 townhomes have 102 units.

So far in 2009 there have been 5 closed sales of Vinoy Place condos, ranging from $775,000 to $1,200,000, with an average of $890,000. The price per sq ft has ranged from $262/sf to $331/sf, with an average of $293/sf.

There are currently 8 Vinoy Place condominiums available for sale through the MLS, ranging from $580,000 for a 1,793 sq ft short sale to $2,200,000 for a 4,033 sq ft townhome.