We are having quite a bit of rain this week but the upside is that the temperatures are much cooler and much more pleasant. Fall is my favorite time of year and I really love Halloween. That is one of the very few downsides to living here, I never have any trick-or-treaters come by our house. I still decorate every year and hope that just “maybe” I will get at least one little kid to stop by.
The real estate market is still a little on the slow side with just 13 properties sold since 8/29/14. On St. George Island, there were just 2 closings of homes. The Carrabelle/Lanark/St. James area had closings on 4 homes and 1 lot. Eastpoint had closings on 3 lots and one home. Alligator Point had 1 lot and 1 home to close. There were no properties closed in Apalachicola during this time period. Sales are down from 2013 especially on St. George Island. Below is a comparison of sales of single family, town homes, condos and mobile homes through 8/31/14 for 2013 and 2014 for SGI, Apalachicola, Carrabelle and Eastpoint.
1/1 – 8/31/2013 1/1 – 8/31/2014
Area # Sold Ave. Sale Price #Sold Ave. Sale Price
St. George Island 87 $508,363 68 $495,492
Apalachicola 41 $185,610 39 $166,753
Carrabelle 47 $184,660 79 $130,208
Eastpoint 8 $183,237 14 $112,104
The drop in average sales price for Apalachicola (which includes Greater Apalachicola), Carrabelle and Eastpoint is due to a large number of bank foreclosures and REO properties which have been on the market in 2014. St. George Island is holding fairly steady in the average sales price but the number of sales compared to 2013 is down significantly.
Below are the details on closings which have occured since August 29, 2014:
St. George Island
MLS# 251597 – “Stars on the Water” – 2115 Blue Heron Trail – 5 bedroom/5 bath bay front Plantation home with shared dock with 2 boat lifts. List Price – $695,000 Sold Price – $685,000 Days on market – 143 Seller Financing
MLS# 249729 – “Sea Cliff” – 1510 Canopy Lane – 4 bedroom/4 bath gulf front home located in the Bluffs in the Plantation. List Price – $949,000 Sold Price – $820,000 Days on market – 425 Conventional Financing
EASTPOINT
MLS# 248867 – 257 Ridgecrest Parkway – 1/2 acre lot located in Magnolia Ridge subdivision. List price – $5,000 Sold price – $5,000 Days on market – 498 Conventional financing
MLS# 252104 – 213 Pond Away Ct. – 1.11 acre lot located in Magnolia Ridge subdivision. List price – $13,900 Sold price – $10,000 Days on market – 66 Conventional financing
MLS# 252106 – 221 Pond Away Ct. – 1.15 acre lot located in Magnolia Ridge subdivision. List price – $13,900 Sold price -$10,000 Days on market – 66 Conventional financing
MLS# 249969 – 35 S. Bayshore Dr. – 3 bedroom/ 2 1/2 bath bay front home sitting on 1.4 acres. List price – $399,000 Sold price – $345,000 Days on market – 390 Short sale Cash purchase
CARRABELLE/LANARK/ALLIGATOR POINT
MLS# 250729 – 10 West Pine St. #4 – 1 bedroom/1 bath unit in Lanark Village. List price – $29,900 Sold price – $26,600 Days on market – 268 Conventional financing and seller paid toward buyer closing costs
MLS# 252129 – 111 Sharol Ct. – 3 bedroom/2 bath bank owned double-wide mobile home. List price – $40,000 Sold price – $40,000 Days on market 16 Cash purchase
MLS# 252045 – 2 Rivers Crook Ln. – 1 acre river front lot on Crooked River. List price – $49,500 Sold price – $39,900 Days on market – 10 Conventional financing
MLS# 251545 – 507 E. 10th St. – 3 bedroom/1 1/2 bath bank owned home located on 4.11 acres List price – $85,000 Sold price – $80,000 Days on market – 153 Conventional financing
MLS# 251122 – 220 Baywood Dr. – 3 bedroom/2 bath bank owned home sitting on 5.29 acres List price – $89,900 Sold price – $105,000 Days on market – 206 Coventional financing and seller paid $3,150 in buyers closing costs
MLS# 251699 – 643 Bald Point Rd. – .18 acre gulf view home site on Alligator Point List price – $29,000 Sold price – $27,500 Days on market – 124 Cash purchase
MLS# 250675 – 372 Bald Point Rd. – 3 bedroom/2 bath gulf view home in Alligator Point List price – $499,000 Sold price – $455,000 Days on market – 274 Cash purchase
As always, please feel free to contact me with questions or if you would like more information on recent sales or if you would like more information on available properties in any area of Florida’s amazing Forgotten Coast.
Mary