Hot Real Estate Market in Mexico Beach

First let me tell you----------the weather has been gorgeous all week! Cool in the mornings and evenings and beautifully warm in the middle of the day! A little breezy for those who like to fish, but.......................................

Let me put numbers to it---60's in the mornings and evenings and mid 70's to 80 degrees in the day! I LOVE THIS TIME OF YEAR!

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As for the real estate market.........MAN ITS BEEN BUSY!

FIVE properties put under contract in the last week in Mexico Beach to St. Joe Beach.

• Two fixer uppers a couple of blocks back in the $199,000 listing price.
• A 1580 sq ft house on 2 lots in St. Joe Beach, that really needs no work. Listed at $229,900. Short sale.
• A 2,000 Sq ft house with a great screened in pool listed for $329,000. St. Joe Beach area.
• A lot in a subdivision in Mexico Beach, listed for $55,000.

There are more deals being negotiated as we speak!!!!

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Tranquil Harbor Auction is May 2nd, this Saturday. It seems as if the consensus among the lookers has been $150,000- $250,000! I think that would be a deal for sure!

Don't forget at auctions you have to add a 10% buyers premium on top of your winning bid!

If interested let me know. I can show all units anytime!

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There is another auction schedule for June 6th. A couple gulf front homes, a large home on several acres on the north side of Hwy 98, a vacant lot 1/2 block from the water as well as a single family home 1/2 block from the water.

I'll be glad to send you information upon request!!!!!

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As always, have a great week. Don't hesitate to call/email me with any questions about ANY property in the area!

And remember...................The shortest distance between a problem and a solution is the distance between your knees and the floor.

Mary

850-896-5222

www.maryblackburn.com

April has been Busy!

I apologize for not blogging regularly this month. Honestly, it has really been busy and Monday's are notoriously crazy. It seemed that by the time I slowed down it was Thursday and then it picked right back up again!

I'm not complaining...BUSY IS GOOD!
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TWELVE properties have been put under contract this month so far. And I know of several offers that are in negotiations as we speak, so I'm sure we have several more that will be contracted in the next few days!


This is just for Mexico Beach to St. Joe Beach. By far our busiest month and the season is just getting started!

Listing prices of those under contract start at $135,000 and go to $899,000 and include a mobile home, a couple townhomes, 1/2 duplex, and single family homes. Only 3 of the properties are beach side of hwy 98.

Five of the eleven are short sales.

We've had 4 closings.


A mobile home just 2 blocks from the beach. Needed work. Sold for $92,000.

A mobile home in St. Joe Beach in St. Joe Beach closed for $125,000

A 1700 sq foot home just 2 blocks from the beach, 2 lots, detached garage sold for $230,000.

A newer home with 1680 sq ft just a couple houses from the water sold for $283,500.
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I was watching Fox news last night (which is pretty much on at our house 24/7). Wayne Rogers, who I believe lives in the Destin area now, was on Neil Cavuto. He was saying that the real estate market in the panhandle was definitely picking up. He felt we were at the bottom. He also said it could take several years before we started seeing some real appreciation just because there is such a large inventory of homes for sale.
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What is encouraging to me is that the majority of my buyers are middle class folks that have been enjoying Mexico Beach for years and are finally able to buy!!!

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As for the Cape: Three properties have been put under contract in April. Two are short sales.

All have Gulf view, one is gulf front. Listing prices starting at $250,000 to $479,000.

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As for Port St. Joe: Two properties have been put under contract in April. Two single family homes listing at $12,900 and $139,000

Port St. Joe had 2 closings in April:

Single family with 980 sq ft, remodeled. Listed at $99K, sold at $85K.

A larger newer single family: Listed at $175K sold at $150K. This was a short sale.

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There are still deals out there and we still have a large inventory of properties on the market. If you are in the market to buy, please give me a call!!!

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Have a great week! My motto this week is "I'm too blessed to be stressed!".

Mary

850-896-5222

http://www.maryblackburn.com/

Sundance Realty

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