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Cape San Blas Real Estate Week in Review - May 3-9, 2014

Published on May 10, 2014 by Sherri Dodsworth under Cape San Blas

For Sale Sold SignAfter a string of busy weeks, our market finally took a bit of a breather this week, slowing down the pace with no closings and just four new contracts , only six new listings and seven price changes.  Not surprisingly, our inventory remains unchanged, closing once again at 273, with 79 homes and 194 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor Market MLS.

Cape San Blas Townhouse at Barrier Dunes Under Contrat May 2014 with List Price of $199,900

All four of our contracts are on the Cape, beginning up on the north end in Barrier Dunes, with this 2-bedroom, 2-bath, 1,377-square foot pond-front townhouse that went under contract last weekend with a list price of $199,900.  The sellers bought it back in 2002 from the developer for $175,600, and have had it on the market since late 2011.

Ovation at Cape San Blas Gulf Front Lot Under Contract May 2014 with List Price of $299,500

About a mile down the beach in Ovation our next contract is on a 48′-wide gulf front lot. The owner bought this in May 2012 when the developer deep discounted their inventory to move a lot of properties and this lot went for $137,000. She listed it the following month for $189,000, but, lucky for her, it didn’t sell, and this week she has it under contract with a list price of $299,500.

Second Tier Lot in Seagrass at Cape San Blas Under Contract May 2014 with List Price of $125,000

We have another lot under contract in  Seagrass, this one a second-tier, gulf view quarter-acre listed for $125,000.  In 2004 it sold for $215,000. There are no contingencies to be met, so it should close fairly quickly.

Interior Home at Cape San Blas Under Contract May 2014 with List Price of $339,000

On the south side of the Cape in Boardwalk, our fourth and final contract is on this 3-bedroom, 3-bath, 1,748-square foot interior home listed for $339,000. The sellers bought the “X” zone lot in early 2002 for $70,000 and built the house two years later.

That does it for this week. If you’re interested in finding out about coastal opportunities or if you’re considering selling, let me know and I’ll be glad to help you either way. Call me on my cell at 850-227-5197  or send me an email to [email protected] . Have a terrific week, and thanks so much for taking time out of your schedule to stop by today.

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