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Pinellas County · Pocket report

Saltaire Condo, St Petersburg

4 luxury condos closed in Saltaire Condo, St Petersburg over the last 6 months at a median $1.77M ($855 per square foot), taking a median 105 days to go under contract; 6 are for sale today with 1 under contract. Median 105 days to contract — time is on the buyer's side.

Median closing
$1.77M
4 sales · 6 months
Per square foot
$855
median closed
Days to contract
105
median
For sale now
6
1 under contract
Months of supply
8.9
buyer’s market
Sold vs original ask
91%
75% cut price first

If you are selling

75% cut their price and it still took 105 days

In Saltaire Condo (St Petersburg) the price cut is being used as a strategy and it is a slow one. A cut that trails the market never catches it: each reduction lands where the market already was, and the listing ages while it chases. The alternative is one correct number at the start, which is a conversation worth having before the photographs are taken.

Sellers here start about 9% above what buyers actually pay

Across 4 closed condos in Saltaire Condo (St Petersburg), the median sale came in at 91% of the ORIGINAL asking price, and 75% of those sellers cut their price before they found a buyer. Median time to contract was 105 days. At this price point that opening number costs real money: the first two weeks of buyer attention are spent on a number the market has already rejected.

If you are buying

Median 105 days to contract — time is on the buyer's side

Luxury condos in Saltaire Condo (St Petersburg) take a median 105 days to go under contract, and 75% of sellers cut price along the way. A listing that has been sitting past that median is the negotiation; one that just came on is not.

Buyers here closed a median 9% below the original ask

4 closed condos in Saltaire Condo (St Petersburg) over the last 6 months settled at 91% of the price they were first listed at and 95% of the final ask. Offers here should be argued from the closed sales, not from the asking price.

About 8.9 months of luxury inventory — buyers set the pace

6 condos are for sale in Saltaire Condo (St Petersburg) against 4 closings in 6 months, with 1 under contract. At that absorption rate a listing added today waits behind the queue. For a buyer that is leverage; for a seller it is the single most important number on this page.

How to read this

Every figure above is an aggregate over closed sales in Saltaire Condo, St Petersburg in the 6 months through October 23, 2026, taken from licensed Stellar MLS data. Months of supply is the current number for sale divided by the recent monthly sales pace. "Sold vs original ask" compares the closing price to the price the home was FIRST listed at, which is where overpricing shows up — the final asking price has usually already absorbed the cuts. None of this is an appraisal or a valuation of any particular property.

Nearby luxury pockets

What the whole market has measured

Selling
33%

of $1M+ homes listed January 2024 to October 2025 didn’t sell within a year, counting private sales.

Selling
97% → 90%

of the first price: an offer in the first 30 days, then after.

Buying
40% vs 25%

of homes in flood zone AE vs zone X didn’t sell within a year (listed since 2024).

Investing
$327/sq ft

was the typical break-even building budget on 341 lots and teardowns that became $1M+ homes since 2024.

Know which listings are already losing the argument.

Tell me what you are looking for. I will send the listings where time, a relist or a flood zone has already moved the leverage to your side — and the ones where it has not.

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