‘Buyers in synch with falling price point along Snell Isle’s Brightwaters Boulevard’
In the November 10th issue of the St. Pete Times’ Neighborhood Times section, Staff Writer Katherine Snow Smith examines how after a long dry spell in sales along Snell Isle’s swanky Brightwaters Boulevard waterfront mansions, over a third of them have sold in the past two months at a deep discount. Smith credits this recent spike in sales to the fact that some seller are finally offering buyers a deal they can’t refuse.
In her article, Smith asks Brightwaters Boulevard real estate specialist Frank Malowany for his input on all the recent sales and their relation to the current state of St. Petersburg’s luxury real estate market. In the article Malowany positively states:
“In the last six months, I think we’ve seen buyers who have finally realized this is pretty close to the price in the plateau,” said Frank Malowany, a real estate agent with the Malowany Group, which specializes in luxury real estate. “It’s not going to get much below what they are asking.”
To read the article in full, please click here.
