Archives for May 2013

Foreclosure Inventory Shrinks

According to data released yesterday from CoreLogic, the national foreclosure inventory (homes in some stage of foreclosure) is down 24% in April 2013 compared to 2012.  The foreclosure inventory has been declining for the past seventeen months, and is at its lowest point in six years.  There are only a few bank owned properties currently listed on St. George Island – only two REO houses and three REO lots.  This is a strong indication of market recovery.

Unique Bayfront Home on St. George Island.

Just shot a video tour of 327 Gander Street on St. George Island.  This bayfront home was built by legendary Franklin County Sheriff Jack Taylor and has one of the best views on the island.  The home is perfect for families who love boating, fishing and any water-related activity.  MLS #249273.  List price $949,000.

Memorial Day Service in Apalachicola

A Memorial Day service will be held today at Veterans Park in Apalachicola at 11:00 am, sponsored by American Legion Post 106.  A low county boil will follow.  Donations are welcome.  Veterans Park is home to the Three Servicemen Statue, Detail.

rainbow at 3 servicemen

 

Happy Memorial Day!

It’s another great day on St. George Island.  The beaches look fantastic for this holiday weekend.

St George Beach 2013

St. George Island Named #3 Top Beach

Once again, Dr. Stephen P. Leatherman, otherwise known as Dr. Beach, has named the St. George Island State Park one of the top ten beaches in America.  We’re #3 this year!  Dr. Beach is a professor at Florida International University and a coastal scientist.  His annual Top 10 list uses 50 criteria including water color, sand softness, rip currents, wildlife, viewing vistas, water quality, turbidity, pollution and safety record.

The Julian G. Bruce Park, located on the east end of the island has over nine miles of white sand beaches.  Activities include swimming, boating, hiking, birding, fishing and camping.  Check out more from Dr. Beach at his website www.drbeach.org.

Flood Insurance Rates to Increase October 1

The Flood Insurance Reform Act of 2012, passed by Congress, mandates flood insurance rate changes which will be effective October 1, 2013.  It is estimated the average flood insurance premium will increase 10% under the National Flood Insurance Program (NFIP).  The increases will vary by zones with the largest ones in the coastal V and A zones.  Also, the FEMA flood zone maps were recently updated for St. George Island and Franklin County, changing the zones for many properties.  As we approach hurricane season, it’s a great time to contact your insurance agent to review your policies and get more information on the changes scheduled for October.

Residential Sales Activity Up 31% YTD on St. George Island

The real estate market has definitely recovered on St. George Island, Florida.   Year to date, there have been 55 total house sales.  Last year at this time, the number of closed houses sales was only 42.  (Time period is January 1 – May 21).  62% of the sales this year were in the $200,000 to $499,999 range.  Three sales were over a million dollars.

SOLD! 1428 Bayberry Lane, St. George Island

This house in St. George Plantation closed May 16 for $245,000.  It has 1360 square feet, 2 bedrooms, 2.5 baths and is on a 1-acre second tier lot in Sea Palm Village. The house was bank owned and placed in an auction.  Built in 1992, the home had been updated with vinyl siding and a standing seam metal roof.

BREAKING NEWS: Price reduced on 128 East Gorrie – gulf front

The price has just been reduced to $420,000 on this gulf front home on St. George Island, Florida.  Address is 128 East Gorrie Drive.  See post below for details.

Best Gulf Front Value on St. George Island

Step out of your beach home and onto the beach!  128 East Gorrie Drive is a gulf front cottage listed at $444,900.  This bank-owned property has 1584 square feet, 2 bedrooms plus a sleep loft, 3 full baths and decks overlooking the Gulf of Mexico.  Built by William Solburg in 1995, the home has vinyl siding and a metal roof.  Sales of similar houses over the past 12 months ranged from $400,000 to $470,000 (there were 6 sales)..

© 2021 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity