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Monday, January 11, 2010

2010 So Far in Mexico Beach Florida

Well, we humans have survived sub-freezing temps for the last week!    It was touch and go though---we are just not used to being COLD.

I believe many of my plants were not so lucky, even though I covered them with towels and blankets.   I've heard people talk of lizards frozen in their tracks, colored black instead of their normal green.  And I've attached digital proof of hundreds of stunned mullet in the canal.

There's just no reason to let perfectly good (albeit chilly) mullet go to waste.  So several folks about town scooped up several hundred and are, as we speak, smoking mullet!!   

I've also heard there have been "stunned" turtles beaching themselves along the cape, a rescue effort is underway.

I've also attached the 10 day forecast to show the hope we hold we will be back to normal temps this week.

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On the real estate front:

Nine properties were put under contract since January 1. 

  • Three residential SHORT SALES:  3bd/2 bath townhouse 1 mile from the beach, listed at $125,000,  3/2 small single family home a couple blocks from the water listed at $159,900, New 3 bd/3 bath condo one block from the water listed at $177,500
  • One bank owned house across from dedicated beach listed at $289,000.  3 bed/1.5 bath--value is in the location.
  • 3 bd/2.5 bath octagon home in an established subdivision--gulf view, very short walk to private beach.  Listed at $299,000.  
  • Very small but recently renovated home about 3 miles from the beach on 1+ acres listed at $122,900.
  • 4 vacant lots, 2 are short sales:  50 X 100 ft lot in Beacon Hill listed at $55K, Gulf view lot 47 X 170 ft listed at $89,900,   4 acres in Beacon Hill listed at $250K and a 75 X 150 ft lot in the 2nd block to the beach, listed at $65K.
Only one closing so far in January:
  • Bank owned triplex in need of LOTS OF REPAIR AND RENOVATION!    Fantastic gulf view though!!!   Sold for $265,000.
Click here to see pictures and information.

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This is typically the slow season in real estate.  I am encouraged by the number of buyers looking though.   What is really encouraging is that when properties are priced right we are getting multiple bids!!    I believe that means we are pretty much at the bottom of the market.   If you are looking to buy to hang on to for a while, then even if values go down just a little bit more, you are still buying at the low end of the market and can look to typical appreciation for the next 10 years. 

Therefore if you are considering making an offer on a property that is priced right ( your Realtor can tell you!) you probably need to make your initial offer your best one!
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February 13 is our annual Gumbo Cook Off.   This is one of our largest events in Mexico Beach.   If you think you make a good gumbo, then come on down and enter.   It gets bigger and better ever year!    Let me know if you are interested and I'll get you an application!   It will be fun!
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I just sent out my January newsletter, giving stats for 2009.  If you didn't get it and you are on my email database, let me know and I'll send it another way.

Please don't hesitate to call me anytime if you have any questions about any kind of real estate matter.

Have a great week
Mary
850-896-5222
www.maryblackburn.com
Sundance Realty

Posted via email from Mary Blackburn in Mexico Beach, FL

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