Real Estate Market Continues to Improve on St. George Island

I’m happy to report the St. George Island real estate market continues its improvement.  To date, the average sales price on SGI is $418,566; in 2012 the average sales price was $381,146.  This is a 10% increase!  The “days on market” number continues to decrease.  In 2012, the average DOM was 281.  This year to date the average DOM is 225, a 20% decrease.  These statistics cover all sales on SGI (residential, lots & land, commercial) and are based on data provided by the MLS of the Realtor Association of Franklin & Gulf Counties.