Archive for April, 2020

Apr 25 2020

Cape San Blas Real Estate Week in Review – April 18-24, 2020

Published by under Cape San Blas

After two back-to-back weeks with no virtually no sales activity, we finally saw some action this week, closing four sales and writing up three new contracts.  Sellers added four new listings, but only made one price change. Our inventory grew by seven, closing the week at 307, with 92 homes and 215 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS market. Let’s take a look at what’s moving.

The first two of our four sales are located in Barrier Dunes on the north end of the Cape, starting with this 2-bedroom,  2 1/2-bath, 1,344 square foot townhouse on Sabal Cir. listed for $342,500. It is still in need of some post-Michael repairs and some general fixing up. The seller bought it in 2014 for $250,000 and let it go this week to a cash buyer for $290,000.

On nearby Barrier Dunes Drive the second townhouse sale is a 2-bedroom, 2-bath, 1,209 square foot home back by the tennis courts listed for $317,000. This one has a nice custom screened porch. The sellers bought it in 2012 for $138,000, fixed it up and sold it for $303,000.

Our next two sales are down on the south side of the Cape, starting in San Blas Plantation, with this newly-listed 3-bedroom, 3-bath, 2,132 square foot gulf view home with an asking price of $574,900.  The sellers bought the lot in early 2015 for $58,000, built the house that same year, and sold it on Wednesday for $569,000.

Our fourth and final sale is about a mile down the road on Florida Avenue in Boardwalk, where new owners took title to this 4-bedroom, 3-bath home with 2,241 square feet under heat and air and an impressive 3,958 square feet total with all of its screened and open porches and sun deck. It has plenty of parking with space for the boat and inside features an elevator. The sellers bought the lot in 2014 for $52,000, built the home in 2016, and sold it on Tuesday for $585,000. Furnishings were not included in this sale.

Now on to our three new contracts, starting on Aruba Drive in Cape Sands Landing with this 3-bedroom, 2.5 bath, 1600 square foot gulf view unit in a duplex that went under contract with a list price of $499,000.This is such a cue little beach retreat set up for total vacation fun! The owners have done a terrific job fixing it up since they bought it in late 2015 for $268,000.

We’re heading on over to Indian Pass for our other two contracts, starting with this first tier, gulf view lot in Indian Summer listed for $114,900. This is a pretty little quiet neighborhood tucked away off the beaten path, with oyster shell roads and a gulf front community pool. The seller bought this lot as an investment property in early early 2018 for $50,000.

And our third contract is out towards the end of the peninsula in Indian Pass Beach subdivision where some fixer-upper types saw their next project and put this little challenge under contract.  It’s a circa-1987, 3-bedroom, 1-bath, 640 square foot cottage with a nice, large porch.  It still has storm damage, so needs a lot of TLC.  The seller apparently bought it on March 20 of this year and put it back on the market that same day asking $139,900.  This will be an interesting one to watch.

That does it for today.  Good to see things are picking back up. Hopefully this virus will start winding down over the next few weeks as the weather gets warmer and more humid.  I appreciate your spending time here today, and hope to see you back soon. If you have any real estate questions. I’m available at 850-227-5197 or drop a note to sherri@sherridodsworth.com. Have a great week, and stay healthy and safe.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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Apr 18 2020

Cape San Blas Real Estate Week in Review – April 11-17, 2020

Published by under Cape San Blas

With the continuing state ban on short-term rentals, we had another quiet week around the Cape.  Although people are still calling and emailing for information on various properties, without being able to actually see them they’re not submitting many offers. This is the second week in a row that we have had no closings or new contracts come in.  Sellers added seventeen new listings, twelve of which are lots in a new RV park over near Presnell’s boat ramp, and changed prices on three others.   With that new subdivision coming online, our inventory grew by nine, closing the week at 300 with 96 homes and 204 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

And that does it for today.  Hopefully Governor DeSantis will soon start a rolling reopening of the state so business and commerce can get back up and running again.  I hope you and your family are well and finding ways to stay engaged.  I appreciate your stopping by today and hope to see you back again next week when maybe we’ll have more to write about.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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Apr 10 2020

Cape San Blas Real Estate Week in Review – April 4-10, 2020

Published by under Cape San Blas

I am happy as can be to be back with a weekly update for you, appreciate your being here to read it and for the many kind and encouraging emails so many of you sent during my absence. You deserve an explanation for that absence. On March 10, my husband injured his back, severely compressing his spinal nerve in two places, and within a 3 day period this normally fit and active man was totally bedridden requiring near constant care and in non-relenting excruciating pain. Twice his spinal surgeon had him scheduled for surgery that would totally relieve his pain and return him to normal, but twice those surgeries were cancelled because of state and hospital Covid 19 policies.  Finally, Tuesday before last, he was approved for the surgery and I’m happy to report he is recovering well with full mobility and pain free.  To say this has been a long, stressful month would certainly be an understatement, but it is behind us now and our lives returning to normal, if the current state of Covid restrictions can be considered “normal”!

I sincerely hope you and your family are holding up ok through all of this. It’s hard to find the words to describe what we’re all facing right now.  Lives are filled with uncertainty as millions of people work from home, schools are closed, and once customary practices and personal interactions are no longer considered safe.  Like you, I am evaluating personally and as a collective what this all means long and short term.  In these unprecedented times, I want to keep you informed and up to date.  As you are only too well aware, the response to this virus has turned everything upside down. I am working full time to market properties, but expect activity to be very slow for a while since our typical buyers cannot travel to our area to view properties.

Governor DeSantis has issued a Stay at Home Mandate for all non-essential businesses through April 30. Our beaches remain closed, short-term rentals are banned, and restaurants open for take-out orders only.  Real estate and settlement services are deemed by the state to be essential businesses, so while our offices are closed to the public for the safety of our agents and staff, I am still meeting with a few clients and showing property while taking the necessary precautions as outlined by the CDC (Center for Disease Control).

I’m assuming our market is going to be very slow until this virus eases off and restrictions are lifted. Some property owners are beginning to feel the pinch.  New listings will hit the market and some sellers may want to cut their price.  I want to discourage you from dropping prices during this, as industry reports I’m reading indicate the expectation is for the market to resume again from this point and move forward.  There will likely be much pent-up demand. Once we get totally past this virus then I anticipate market conditions to improve greatly. Like you, I am uncertain how long this may last.

For this past week, as expected, we had no closings or new contracts; sellers added seven new listings  and changed prices on six others. In my last market update on March 6, our inventory stood at 296, with 90 homes and 206 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.  Today our total is 304, with 96 homes and 208 lots.

So that wraps up where we are for now.  I’m so happy to be back, and hope you will continue to return to read as well.  If you’re interested in knowing what’s going on around the Cape, have interest in a particular property, or wondering what your property market value might be, fell free to call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com.  Hang in there. We made it through Michael, we will make it through this. Thank you so much for stopping by today.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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