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Cape San Blas Real Estate Week in Review - Oct. 27-Nov. 2, 2012

Published on November 3, 2012 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignBuyers stood on the sidelines this week as our campaign-weary nation finally nears the finish line of The Longest Campaign Ever. Four sales closed on schedule, but only one new contract was written up. We added two new listings and three price changes. Our inventory remains unchanged, holding steady at 299, with 88 homes and 211 lots for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Interior Lot at Cape San Blas Under Contract July 2012 as a Short Sale with a List Price of $29,900

We’ll start at the north end of the Cape to begin our review of this week’s crop of four sales, stopping in at Sunset Pointe where this quarter-acre interior lot went under contract in July as a short sale with a list price of $29,900. This one has an interesting history having sold in September 2003 for $145,000, and then again the following month, for $179,000. Turning $34,000 in one month; nice work, if you can get it. The county has it valued at $50,000, and some savvy buyer picked up the title this week for just $25,000.

Our second sale takes us next door to Seacliffs, where this 4-bedroom, 4 1/2-bath, 2,000 square foot townhouse went under contract in September with a list price of $225,000, well below the county’s assessed value of $277,538. On Thursday it sold for $210,000.

Barrier Dunes Townhouse at Cape San Blas Under Contract Oct. 2012 with List Price of $219,900

Our third sale is in nearby Barrier Dunes, where this 2-bedroom, 2 1/2-bath, 1,593 square foot townhome went under contract in mid-October with a list price of $219,900, just a bit less than the $222,5000 the sellers paid for it in late 2003. The parties went to closing on Wednesday and did the deal for $195,000.

Cape San Blas Gulf View Lot Under Contract Oct. 2012 with List Price of $115,000

Less than a mile down the road our fourth sale is in the Seagrass subdivision. Someone just couldn’t resist the $69,500 price tag on this quarter-acre gulf view corner lot. The sellers purchased it in December 2003 for $215,000, and today the county has it assessed at $40,000, and it sold this week for $52,000.

Ovation Bay View Lot at Cape San Blas Under Contract Nov. 2, 2012 with List Price of $39,900

The Beautiful Bay Front Infinity Pool Overlooking St. Joe Bay at Cape San Blas

Our one and only new contract is on a bay view lot in Ovation. This 57′ by 85′ second tier bay view lot last sold in late 2005 for $285,000, and went under contract on Friday with a list price of $39,900 and it is not a short sale. The county has it assessed at $45,000,
That does it for today. As you can see, there are still soe trendous values on the market; if you’re interested in finding out more let me know. Call or text me at 850-227-5197 or shoot me an email to [email protected] and we’ll get started. Have a terrific week. Thanks so much for taking time to stop by today – hope to see you back here next Saturday

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