Archives for May 2013

SOLD! 2005 Hammock Lane, St. George Island

Congratulations to Albert Balido and Noreen Reboso, new owners of the home at 2005 Hammock Lane in St. George Plantation.   These Tallahassee residents plan to use their new home as an island getaway and second home.  The house has 2708 square feet,  three bedrooms, two full baths plus two half baths and a pool.  Built on a wooded one-acre lot, the home sold for $340,000.

2005 Hammock Lane

2005 Hammock Lane

Inventory Shrinks to Seven Year Low on St. George Island

The current inventory of listings on St. George Island is now at a seven year low with only 179 properties in the MLS of the Realtor Association of Franklin & Gulf Counties.  This is down 9% from an average of 196 in 2012; and down 24% from an average of 235 in 2011.  These numbers include all listings on SGI, both homes and lots.

Sold to List Price Ratios Improve on St. George Island

The sold to list price ratios from January through April on St. George Island are the highest in a number of years. The overall ratio is 94.7%. The ratio for residential sales is 96.3% and the ratio for lot sales is 88.6%.

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