Just in time for the big turkey day of THANKS and it’s not just the bright sunshine that’s hot outside here along Florida’s Forgotten Coast! Things are heating up over in the St. George Island Real Estate Market, as 5 of the Forgotten Coast Properties that SOLD last week were on the island! The real estate forecasters, as well as those predicting the weather, are calling for more buying activity, plenty of blue skies, and a bright future ahead!
Sales this past week totaled 13 with 7 Homes and 6 Vacant Lots SOLD here in our Forgotten Coast Real Estate Market, including 2 Wewahitchka Homes, 2 Mexico Beach Homes, 2 Cape San Blas Properties (vacant land), 1 Indian Pass Home, 2 St. George Island Homes and 3 St. George Island Properties (vacant land), and 1 Carrabelle Property (vacant land). Of the sales 7 transactions closed due to a Distressed/Short Sale/REO/Bank Owned/Foreclosure situation and 7 buyers paid cash.
4 buyers took advantage of conventional financing, with the current rates remaining historically low, as the 30 year fixed is @ 4% and the 15 year fixed is @ 3.5% this week. For those investing in St. George Island Real Estate and needing a jumbo loan, between the amounts of $417,000 and $625,500, the 30 year fixed is @ 5% and the 15 is @ 4.375%.
One of the best buys of the year, has to be this St. George Island home for sale! At a sales price of $1,125,000 million, this one included profits for both seller and buyer, as the seller didn’t lose out like most have done in weeks past and these buyers are no doubt thankfully preparing to spend many Thanksgiving Holidays ahead with all their family and friends. This is truly a quality, custom, St. George Island home and one well worth the money, as it is perfectly situated on a full acre of St. George Island Gulf Front Property!!
Another great buy in our St. George Island Real Estate Market was this 1 acre water view St. George Island property, located on the east end of the island. This one SOLD last week for a mere $60,000, which is a great distance from the inflated 2004 sales price of $280,000! With great views of Apalachicola Bay and access to the beautiful beaches of St. George Island, this new buyer really has something to be thankful for this year!! Check out just a few of the locals here on Apalachicola Bay!
Speaking of great deals on Forgotten Coast Real Estate, just over on the other end of our real estate coverage area, was THE best buy on a Mexico Beach, Florida home, as a gulf front 4 bedroom, 4 bath duplex SOLD for a very modest $385,000! And I really mean modest, as the original sales price of this Mexico Beach property back in 2005 was $1,212,500 million! This one is tucked away just across from the Mexico Beach Canal, includes 90′ of gulf frontage, and offers breath taking views such as this one!
Here at g3 Realty Group, we are always striving to provide the utmost in positive, progressive, and professional real estate services to all of our buyers and sellers in this Forgotten Coast Real Estate Market! We are very thankful for each and every one of our past, present, & future customers and wish you all the best this Holiday Season!