What is selling on St. George Island?
So, what's selling lately on St. George Island?
Well, it's good to finally be able to report that we're selling vacant lots again - a very healthy sign of our market beginning to find its feet.
Vacant lots have been hard to find financing for, and the prices have finally gotten to the point that buyers are ready to pay cash - the ultimate vote of confidence in this market.
In the last couple of months our office has been involved in all three of the lot sales, with Jerry and me bringing the buyer on two of them and representing the seller on one as well:
208 Brown Street sold for $53,000 - interior, 1/3 acre
1752 Kumquat Court sold for $120,000 - interior, 1 acre
2160 Sea Fern Way sold for $241,000 - gulf view, 1/2 acre
These are all great prices for lots, back to 2001/2002 prices.
And, we've got plenty on the market for sale, still, so let me know if you want to take a closer look.
St. George also has had nine houses sell on since the beginning of April, from $90,000 (an older travel trailer on a lot on West Pine) to $765,000 (a first tier house on East Gorrie that sold via an online auction). We represented the seller on one of the sales, and the buyer for the auction house, so we were well-represented for the sales in this category as well.
If you are interested in participating in an online auction, we would be happy to show you the ropes - we have represented the successful bidder on two of the most recent auctions, with most of our service focussed on helping you get prepared with the market information you need to bid with confidence, and then carrying through all the inspections, insurance issues, etc., all the way through closing, once you land the successful bid. If you are interested in learning more, just let me know, and I'll be happy to fill you in.
Looking ahead, St. George has 28 homes and 4 lots currently under contract, many of them short sales that could take a while to get through the system, so stay tuned.
To summarize, ....how's the market? What can I say, other than... come on in, the water's fine... :)