Cape San Blas Real Estate Week In Review - Apr. 24-30, 2010
By Sherri Dodsworth, PA
(Boardwalk Realty of NW FL)
After two back-to-back weeks with no sales we finally had a closing this week. The new contracts kept rolling in at a good pace with three news ones being penned. Five each new listings and new price tags. Our inventory remains basically unchanged, down only one since last Saturday, to 401, with 151 houses and 250 lots for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS. Our solo sale was this 5-bedroom, 4 1/2 bath, 2100 square foot gulf view in Seagrass on Cape San Blas. The seller paid $225,000 for the lot alone in early 2004, built the house, and put it up for sale in mid-2005 with an asking price of $849,000. He's been ratcheting that price down ever since, finally landing at $409,000, and on Friday he took $360,000 for it. I was surprised to see the county has it ...
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