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Skypoint Condos Market Report
January 10th, 2008 categories: Tampa Condos, New Projects (Condos), Short Sale Information, Downtown Tampa
Time to revisit an e-mail from a client back in October of 2007:
“Lenny, 
If any of the 2/2 condos at Skypoint fall in price to $220,000 and don’t laugh, call me. I am not in a rush and unfortunately still see the housing market at this time changing….”
At that time the lowest priced Skypoint 2/2 was at $355k. But the subject line of an e-mail in my inbox this morning reads:
SHORT SALE OPPORTUNITY IN SKYPOINT!!!! Uh-Oh. And while this unit isn’t priced near the $220k my client was hoping for, it is priced below $300k, the first of its kind. A similar unit a few floors below is priced $40k higher. And that’s where Skypoint 2 beds start these days.
But the point is that an owner has persuaded the holder of the note to let them sell the unit for less than what is owed. That’s a short sale. Skypoint sellers had been holding tight on asking prices, trying to recoup what they had paid (or owe) and cover the costs to market and sell the property. But a short sale is pre-foreclosure. So be the forces of the market.
So if you’re a prospective Skypoint buyer, and I know you’re out there, opportunity knocks. “Are Skypoint prices coming down?”, a prospective client asked recently. “No”, was my answer. And let’s face it, this is only one unit. And one sale does not make a market trend. But the price of this one is coming down. 
Skypoint is an impressive building, with fantastic amenities. One of a kind in downtown Tampa currently. Skypoint provides urban living with wonderful views of Tampa’s downtown and Tampa Bay. And like the listing agent for this unit notes, Skypoint residents will truly be able to live, work and play, right in their own neighborhood. Heck, they’re even building another one next door.
Call us for more information on Skypoint condos for sale.
Browse condos for sale at Skypoint
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2/22/08 UPDATE:
That unit is now priced at $250k