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Cape San Blas Real Estate Week in Review - Dec. 13-19, 2008

Published on December 20, 2008 by Sherri Dodsworth under Beach Renourishment, Cape San Blas, FEMA, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Port St. Joe, Real Estate

While the rest of the country shovels and shivers, we’ve been savoring warm and sunny weather all week here on the Cape, with uncharacteristically mild temps in the hgh 70’s, low 80’s. Gotta love it. Our white Christmas is of the sandy shoes variety. Wrapping presents and holiday parties apparently filled most peoples schedules this week as it was a relatively quiet week for real estate, though we did manage to come up with at least one new contract and finally had a closing, the first so far this month. Our inventory remains unchanged with 378 active MLS listings in the Cape San Blas, C-30 Corridor and Indian Pass market, with 154 homes and 224 lots. In other activity we have twelve new listings, thirteen new price tags, and twelve expired unsold.

Our closing was on the house at Money Bayou which only went under contract around the first of the month. The sellers bought it in March 2002 for $237,000, listed it in early November for $299,900, and sold it on Friday for $250,000. Not bad in our current market. Sounds like a win win situation for both them and the buyers. Nice to have a story with a happy ending for a change, isn’t it?

Our one new contract is on yet another Barrier Dunes townhouse, this one a 2-bedroom, 2 1/2 bath, 1,369 square foot gulf view unit listed for $299,000. According to the county tax rolls, the seller paid $425,000 for it in March 2005 so the happy ending here will only be on the Buyers side. According to the MLS, this is scheduled to close on Christmas Eve, so some good little girl or boy is getting a place at the beach for Christmas! Shhh . . . don’t tell. Way to go, Santa. (I don’t think I’ve ever been quite that good).

I have two picks of the week from among our twelve new listings, a golf course lot for only $57,600, and at the opposite end of the spectrum a gorgeous bayfront estate for $1,350,000.

The golf course lot is a quarter acre located on St. Joseph’s Bay Country Club with great golf course views. At $57,600, this is one of the lowest priced lots in our market. Three adjacent lots are also available making this a great opportunity to pick up all four lots and build two duplex buildings with a total of four units.

Since it doesn’t cost a penny to dream might as well dream grand dreams, and this newly listed bayfront estate on St. Joe Bay is truly grand. Situated on over 5 acres with 250+ feet on the water, this is a nature lovers dream come true. Check out the sunset view from the deck.

This is over on C-30 not far from Presnell’s. Here is the home’s dock.

Enjoy fishing right in your own back yard. Sweet!

My pick of the week from our thirteen new price tags, is this gulf second tier lot at Ovation on the Cape which was $419,000 but now only $250,000, which is a far cry from the $450K the sellers paid for it in August 2005. Ovation is the premier subdivision on the Cape, first class all the way.

That does it for this week. I wish you all a very Merry Christmas and Happy Hannukah. Remember to take stock of and treasure the abundant blessings in our lives even during challenging times like this. My wish for you is the gift of peace that keeping life in perspective brings.

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