Is it a good time to buy a condo in Palma Del Mar I?

Over the last 6 months in Palma Del Mar I (St Petersburg), buyers paid a median 88% of the original asking price and 50% of sellers cut price before finding their buyer; 3 are on the market today. A balanced market: 3 months of inventory. Reasonable negotiation room on homes that have sat past the median 54 days.

33% closed at or above the final list price · 50% cut price before selling · 17% went under contract within 14 days · median 88% of the original asking price

Questions buyers in Palma Del Mar I ask

Is now a good time to buy a condo in Palma Del Mar I?

Over the last 6 months in Palma Del Mar I (St Petersburg), buyers paid a median 88% of the original asking price and 50% of sellers cut price before finding their buyer; 3 are on the market today. A balanced market: 3 months of inventory. Reasonable negotiation room on homes that have sat past the median 54 days.

How much under asking are buyers paying in Palma Del Mar I?

The median closed sale went for 88% of the original asking price (93% of the final list price after 50% of sellers cut); 33% still sold at or above the final list.

How much competition will I face in Palma Del Mar I?

The median condo went under contract in 54 days and 17% were gone within two weeks; inventory stands at about 3 months.

What do condos cost in Palma Del Mar I?

The median closed price over the last 6 months was $216,250 (about 271 per square foot), across 6 sales.

How many condos are for sale in Palma Del Mar I right now?

As of September 9, 2026, 3 are for sale today.

What should I offer on a home in Palma Del Mar I?

That depends on the specific home — its condition, market time, and the closings around it. Ari Abdi pulls those numbers before you write the offer; send your details above.

Before you offer, I'll pull the actual closings around the home you're watching — what comparable buyers really paid, how long it sat, and how much leverage you have. No obligation, no pressure.