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Cape San Blas Real Estate Week in Review - June 19-25, 2010

Published on June 26, 2010 by Sherri Dodsworth under Barrier Dunes, Cape San Blas, FEMA, Foreclosures/Short Sales, Forgotten Coast, Indian Pass, Port St. Joe, Real Estate

.What a difference a week makes – much quieter this week, with somewhat slower sales activity compared with what we’ve been seeing recently, with only one sale and one new contract, and just four new listings and three price changes. As a result, our inventory is virtually unchanged, up just three to 407 with 158 homes and 249 lots for sale in the Cape San Blas, Indian Pass and C-30 Corridor market. Before we get started, I know the first thing everyone wants to know is how are the beaches? I’m happy to report our beaches are still clean and gorgeous and open for fun in the sun. Here’s a shot from my neighborhod yesterday afternoon.

Cape Breezes 25 JUN 10

And that’s where you’ll find me later this afternoon. OK, now down to business.

Barrier Dunes Quartershare Sold June 21, 2010

Our solo sale of the week was the quartershare 3-bedroom, 3 1/2 bath townhouse at Barrier Dunes that went under contract just last week. With this ownership, the four owners rotate weeks where each has one week to use the home every four weeks. This owner had their share listed for $60,000 and it was just what my buyers were in the market for, and on Monday they picked it up for just $50,000.

Bank Owned House at Indian Summer Under Contract June 24, 2010

Our one new contract is on this bank-owned fixer-upper over in Indian Summer near Turtle Beach Inn at Indian Pass. It’s a 3-bedroom, 2-bath, 1,583 square foot first tier home in real need of some TLC. The bank has it listed for $225,000 which is pretty close to the $210,856 county assessment. There are contingencies to be met so don’t know yet when they hope to close.

Quick week this week as I’m not seeing anything knock-my-socks-off exceptional among our four new listings to merit Pick of the Week Status. There may be a gem among the three price changes, but before I recommend this gulf front lot reduced from $279,000 to $150,000 as a Price Change Pick of the Week, I want to do some more research and make sure it’s a lot you can actually do something worthwhile with. If it is, I’ll write it up and feature it as a mid-week special. Here’s a photo.

Gulf Front Lot on White Sands Drive Now Just $150,000

If you have plans to come to the beach right now there doesn’t seem to be any reason to change those plans at least for the next couple weeks. I will keep you posted as I hear updates, and don’t hesitate to call or write for the latest info. My cell phone is 850-227-5197 and my email is [email protected] . Have a wonderful summer weekend and thanks so much for stopping by today.

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