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Cape San Blas Real Estate Week in Review - Jan. 16-22, 2016

Published on January 23, 2016 by Sherri Dodsworth under Cape San Blas

Like most of the country, Florida’s Forgotten Coast is windy and frigid this morning, 42 degrees at day break, which is freezing cold by Florida standards. It may be freezing outside but our real estate market continues to sizzle, with two sales, three new contractsnine new listings and five price changes this week. We end the week with our total inventory of MLS listings in the Cape San Blas, Indian Pass, C-30 market at 247, up three from last week,  with 74 houses and 173 lots.

Cape San Blas Gulf Front Lot Under Contract December 2015 with List Price of $239,000

The first of our two sales is a 51′ wide gulf front lot on Clipper Way, under contract since mid-December with a list price $239,000. Originally listed back in July for $325,000, the sellers have wisely been tweaking that price in search of the market value, finally arriving at $239,000 on December 12, and two days later had it under contract. They bought it in the summer of 2010 for $150,000; back in 2004, it sold for $550,000.  This week they signed over the title for $235,000.

Money Bayou Gulf View Home Under Contract November 2015 with List Price of $289,900

We’ll head over towards Indian Pass for our second sale stopping at Money Bayou where this 2-bedroom, 2-bath, 758 square foot gulf view home went under contract in early November with a list price of $289,900.  The sellers bought it just last year in April for $254,000, and turned a bit of a profit this week handing over the keys for $282,000.

Cape San Blas Interior Townhouse at Barrier Dunes Under Contract Jan. 2016 with List Price of $169,000

The first of our three new contracts is a 3-bedroom, 3-bath, 1,377-square foot townhouse up in Barrier Dunes. The sellers bought this 1985 model back in June 1986 for $81,000, and have it listed for $169,000.

Cape San Blas Gulf Front Home Under Contract Jan. 2016 with List Price of $674,900

Clipper Way is a happening place lately. It’s the site of our second contract, a 3-bedroom, 2 1/2-bath, 1,560 square foot gulf front home listed for $674,900. It was built in 1999, and has changed hands a few times since then; selling in 2004 for $775,000, and the current owners bought it in December 2009 for $460,000.

Second Tier Lot On Cape San Blas Under Contract Jan. 2016 with LIst Price of $119,000

Our third and final new contract is on a second tier road-front lot in Ocean Haven, a subdivision just south of Seagrass. This 63′ by 210′ property offers both gulf and bay views, and is listed for $115,000.

That’s a wrap for today. Hard to believe all this activity in mid-January. I guess no one got the memo this is supposed to be a slow time of year!  We need inventory. If you’re toying with the idea of selling, CALL ME! 850-227-5197 puts you through to my cell.  Properties are definitely moving and prices are rising. Hope to hear from you soon. I really appreciate your taking time to stop by today. Have a great week, and look forward to seeing you back next week.

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