Sales on the beachfront set the pace of the real estate market on St. George Island, much as they do in most coastal market areas. Turns out 2012 was a pretty good year. Beachfront sales were up - 36 beachfront homes and 5 beachfront lots sold in 2012, compared to 27 beachfront homes and 4 lots in 2011, which was in itself a good year. $65M in real estate changed hands via the MLS on St. George last year, compared to $57M in 2011.
Prices have stabilized, and inventory is shrinking, as more people take advantage of great prices and great interest rates to secure the purchase of their own island home. Many people have been shopping for several years, and are finally deciding to buy. Others are brand new to our area, but even seeing St. George Island for the first time moves them to make offers, with the prices we have for 100' wide beachfront properties.
It's definitely not for everyone - if you like hustle and bustle, and lots of outlet mall shopping and amusement parks, you'll probably find St. George too slow-paced.
But if you are in to morning commutes that involve bike paths and bridges over a gorgeous bay, this is it... Below is a photo I snapped week before last from my car window, on my way to Apalach at daybreak to host a realtor open house breakfast at one of our listings... And yes, those are working oyster boats, on their way out for the morning, not a national geographic movie set... :)