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FORGOTTEN COAST UPDATE – DECEMBER 2022

I hope everyone had a great holiday season and wish you the best for 2023. Winter is a great time to visit the Forgotten Coast area with our moderate temperatures and sever great upcoming festivals and events. Please come visit if you have the opportunity.

Sales activity on St. George Island, Apalachicola, Carrabelle and Eastpoint was extremely slow for the month of December 2022 with only 26 total sales – 13 single family homes, 1 town home, 2 mobile homes and 10 residential home sites. Carrabelle once again saw the most activity with 15 total sales – 7 single family homes, 1 mobile home and 7 residential home sites. St. George Island had 5 total sales – 3 single family homes, 1 town home and 1 residential home site. Apalachicola had 1 sale of a single family home. Eastpoint had 5 total sales – 2 single family homes, 1 mobile home and 2 residential home sites. Sales ranged from a low of $21,000 for a lot in Carraway Bay Plantation and a high of $1,775,000 for a 4 bedroom/4 bath new construction gulf view 1st tier home with private pool located in the Gulf Beaches.

Sales activity throughout the area was down somewhat in 2022 as compared to 2021 when we experienced record activity throughout the Forgotten Coast. However, we continued to see an increase in sales prices compared to 2021. Sales activity decreased significantly during the second half of 2022 triggered primarily by an increase in interest rates. Hopefully we will see an increase in sales activity in 2023 and more stabilization in list prices. Sales summaries and statistics for St. George Island, Apalachicola, Carrabelle and Eastpoint are as follows:

St. George Island:

  • 2022 sales of homes & condo/town homes – 135
  • 2021 sales of homes & condo/town homes – 184
  • Decrease in total sales for 2022 – 27%
  • 2022 Average list price of homes & condo/town homes – $1,264,897
  • 2021 Average list price of homes & condo/town homes – $1,102,792
  • Increase in average list price for 2022 – 15%
  • 2022 Average sold price of homes & condo/town homes – $1,198,320
  • 2021 Average sold price of homes & condo/town homes – $1,058,730
  • Increase in average sold price for 2022 – 13% 
  • 2022 Average days on market – 73
  • 2021 Average days on market – 77
  • Decrease in average days on market for 2022 – -5%
  • 2022 % of sales to list price – 95%
  • 2021 % of sales to list price – 96%
  • Decrease in & of sales to price for 2022 – 1%

Apalachicola:

  • 2022 sales of homes & condo/town homes – 52
  • 2021 sales of homes & condo/town homes – 65
  • Decrease in total sales for 2022 – 20%
  • 2022 Average list price of homes & condo/town homes – $396,123
  • 2021 Average list price of homes & condo/town homes – $307,167
  • Increase in average list price for 2022 – 29%
  • 2022 Average sold price of homes & condo/town homes – $369,935
  • 2021 Average sold price of homes & condo/town homes – $293,081
  • Increase in average sold price for 2022 – 26%
  • 2022 Average days on market – 151
  • 2021 Average days on market – 134
  • Increase in average days on market for 2022 – 13%
  • 2022 % of sales to list price – 93%
  • 2021 % of sales to list price – 95%
  • Decrease in & of sales to price for 2022 – 2%

Carrabelle:

  • 2022 sales of homes & condo/town homes – 131
  • 2021 sales of homes & condo/town homes – 155
  • Decrease in total sales for 2022 – 15%
  • 2022 Average list price of homes & condo/town homes – $353,105
  • 2021 Average list price of homes & condo/town homes – $296,385
  • Increase in average list price for 2022 – 19%
  • 2022 Average sold price of homes & condo/town homes – $338,683
  • 2021 Average sold price of homes & condo/town homes – $283,255
  • Increase in average sold price for 2022 – 20% 
  • 2022 Average days on market – 63
  • 2021 Average days on market – 82
  • Decrease in average days on market for 2022 -23%
  • 2022 % of sales to list price – 96%
  • 2021 % of sales to list price – 96%
  • Increase in & of sales to price for 2022 – 0%

Eastpoint:

  • 2022 sales of homes – 36
  • 2021 sales of homes – 52
  • Decrease in total sales for 2022 – 31%
  • 2022 Average list price of homes – $443,639
  • 2021 Average list price of homes – $419,380
  • Increase in average list price for 2022 – 6%
  • 2022 Average sold price of homes – $426,113
  • 2021 Average sold price of homes – $401,713
  • Increase in average sold price for 2022 – 6%
  • 2022 Average days on market – 107
  • 2021 Average days on market – 89
  • Increase in average days on market for 2022 – 20%
  • 2022 % of sales to list price – 96%
  • 2021 % of sales to list price – 96%
  • Increase in & of sales to price for 2022 – 0%

The above summaries include just single family homes, condo/town homes and mobile homes. I would be glad to provide the same information for residential home sites and commercial properties. I can also provide this information for Port St. Joe, Cape San Blas and Mexico Beach.

See below a summary of sales by area:

ST. GEORGE ISLAND

RESIDENTIAL HOME SITES:

MLS# 312779 – 309 Gander St. – .31 acre canal front lot located in the Gulf Beaches List price – $395,000 Sold price – $325,000 Days on market – 10 Days under contract – 27 Cash purchase

309 Gander St
309 Gander St

SINGLE FAMILY HOMES/TOWN HOME:

MLS# 312758 – 1804 E. Gulf Beach Dr. Unit K-11 – 1 bedroom/1 bath gulf view town home located in 300 Ocean Mile on the East End List price – $375,000 Sold price – $370,000 Days on market – 21 Days under contract – 15 Cash purchase

1804 E Gulf Beach Dr Unit K11
1804 E Gulf Beach Dr Unit K11

MLS# 311973 – 965 E Gorrie Dr – 3 bedroom/2 bath 1st tier gulf view home located in the Gulf Beaches List price – $775,000 Sold price – $700,000 Days on market – 109 Days under contract – 30 Cash purchase – Seller concession of $2,000, agents contributed $2,200 for door repair

965 E Gorrie Dr
965 E Gorrie Dr

MLS# 311304 – 1503 E Gulf Beach Dr – 3 bedroom/2 bath bay front home located in East Bay Estates on the East End List price – $850,000 Sold price – $760,000 Days on market – 141 Days under contract – 42 Conventional financing

1503 E Gulf Beach Dr
1503 E Gulf Beach Dr

MLS# 312906 – 1017 E Gorrie Dr. – 4 bedroom/4 bath new construction gulf view 1st tier home with private pool located in the Gulf Beaches List price – $1,775,000 Sold price – $1,775,000 Days on market – 1 Conventional financing

1017 E Gorrie Dr
1017 E Gorrie Dr

APALACHICOLA

SINGLE FAMILY HOME:

MLS# 309823 – 116 5th St. – 2 bedroom/1 bath home located in the North Historic side List price – $100,000 Sold price – $95,000 Days on market – 324 Days under contract – 17 Cash purchase

116 5th St
116 5th St

21CARRABELLE

RESIDENTIAL HOME SITES:

MLS# 308804 – 50 Carrway Ln. – .18 acre lot located in Carraway Bay Plantation List price – $24,900 Sold price – $21,000 Days on market – 454 Days under contract – 21 Cash purchase – Sold together with MLS308805 for $42,000

50 Carraway Ln
50 Carraway Ln

MLS# 308805 – 51 Carrway Ln. – .16 acre lot located in Carraway Bay Plantation List price – $24,900 Sold price – $21,000 Days on market – 454 Days under contract – 21 Cash purchase – Sold together with MLS308804 for $42,000

51 Carraway Ln
51 Carraway Ln

MLS# 311758 – 159 Royal Tern Way – .16 acre pond front lot located in St. James Bay subdivision List price – $35,000 Sold price – $25,000 Days on market – 147 Days under contract – 22 Cash purchase

159 Royal Tern Way
159 Royal Tern Way

MLS# 312631 – Lot 22 S Anhinga Ct – .13 acre lot located in St. James Bay subdivision List price – $33,000 Sold price – $30,000 Days on market – 20 Days under contract – 34 Cash purchase

Lot 22 S Anhinga Ct.
Lot 22 S Anhinga Ct.

MLS# 312682 – 128 Laughing Gull Ln – .22 acre pond view lot located in St. James Bay subdivision List price – $47,900 Sold price – $39,000 Days on market – 10 Days under contract – 34 Cash purchase

128 Laughing Gull Ln
128 Laughing Gull Ln

MLS# 262390 – 2 Hickory Hammock Rd. – 10.74 acre river front lot located in Pine Coast Plantation in Carrabelle List price – $69,500 Sold price – $65,500 Days on market – 1,631 Days under contract – 10 Seller financing

2 Hickory Hammock Rd
2 Hickory Hammock Rd

MLS# 312463 – 839 Mariners Ct – .08 acre river front lot located in Mariner’s Landing subdivision in Carrabelle List price – $99,900 Sold price – $86,000 Days on market – 33 Days under contract – 37 Cash purchase

839 Mariners Ct
839 Mariners Ct

SINGLE FAMILY HOMES/MOBILE HOME:

MLS# 310375 – 1006 NE 1st St. – 2 bedroom/1 bath mobile home located in the City of Carrabelle List price – $59,900 Sold price – $48,875 Days on market – 177 Days under contract – 102 Cash purchase

1006 NE 1st St
1006 NE 1st St

MLS# 312686 – 2211 Kentucky Ave. – 1 bedroom/2 bath modular home located in Lanark Beach List price – $225,000 Sold price – $185,000 Days on market – 22 Days under contract – 41 Conventional financing

2211 Kentucky Ave
2211 Kentucky Ave

MLS# 311863 – 911 NE 7th St – 3 bedroom/2 bath new construction modular home located in the City of Carrabelle List price – $266,500 Sold price – $255,000 Days on market – 117 Days under contract – 38 VA financing

911 NE 7th St
911 NE 7th Str

MLS# 311210 – 328 River Rd. – 3 bedroom/2 bath rustic river view home located in Carrabelle List price – $325,000 Sold price – $310,000 Days on market – 176 Days under contract – 12 Cash purchase – Buyers paid title insurance costs

328 River Rd
328 River Rd

MLS# 311803 – 340 Royal Tern Ct. – 3 bedroom/2 bath new construction home located in St. James Bay subdivision List price – $399,000 Sold price – $399,000 Days on market – 1 Days under contract – 163 VA Financing – Seller paid $2,000 in concessions

340 Royal Tern Ct
340 Royal Tern Ct

MLS# 312798 – 122 Treehouse Cir – 3 bedroom/2.5 bath new construction bay view home located in Summer Camp in St. Teresa List price – $439,900 Sold price – $439,900 Days on market – 11 Days under contract – 23 FHA financing

122 Treehouse Cir
122 Treehouse Cir

MLS# 311831 – 336 Royal Tern Ct – 3 bedroom/2.5 bath new construction home located in St. James Bay subdivision List price – $430,000 Sold price – $469,113 Days on market – 1 Days under contract – 152 Conventional financing – Buyer paid $39,133 in upgrades

336 Royal Tern Ct
336 Royal Tern Ct

MLS# 310466 – 3518 Firefly Cir – 4 bedroom/3.5 bath bay view home located in Summer Camp in St. Teresa List price – $699,000 Sold price – $640,000 Days on market – 257 Days under contract – 20 Cash purchase

3518 Firefly Cir
3518 Firefly Cir

EASTPOINT

RESIDENTIAL HOME SITES:

MLS# 312780 – 227 Boncycle Land Dr – 1 acre lot located in Gramercy Plantation List price – $45,000 Sold price – $37,000 Days on market – 12 Days under contract – 17 Cash purchase

227 Boncycle Land Rd.
227 Boncycle Land Dr.

MLS# 310995 – 289 Gramercy Plantation Blvd. – 1.06 acre lot located in Gramercy Plantation List price – $45,000 Sold price – $41,000 Days on market – 190 Days under contract – 31 Cash purchase

289 Gramercy Plantation Blvd
289 Gramercy Plantation Blvd

SINGLE FAMILY/MOBILE HOMES:

MLS# 312568 – 585 Ridge Rd. – 3 bedroom/2 bath mobile home located in Tarpon Shores List price – $142,500 Sold price – $134,500 Days on market – 16 Days under contract – 46 FHA financing

585 Ridge Rd
585 Ridge Rd

MLS# 312554 – 118 Las Brisas Way – 3 bedroom/2 bath home located in Las Brisas subdivision List price – $330,000 Sold price – $305,000 Days on market – 12 Days under contract – 44 Conventional financing

118 Las Brisas Way
118 Las Brisas Way

MLS# 312402 – 247 Boncycle Land Dr. – 3 bedroom/3 bath custom home located in Gramercy Plantation subdivision List price – $689,000 Sold price – $692,000 Days on market – 59 Days under contract – 31 Conventional financing – Multiple offers

247 Boncycle Land Dr
247 Boncycle Land Dr