|
Real Estate Market Update for St. George Island and Franklin County, Florida
2nd Quarter, 2008
(by Harry Plumblee)
The really good news for St. George Island and the rest of Franklin County is there are still buyers who are interested in this market and they are buying; certainly not like in the crazy period of 2001-04, but nevertheless houses are selling. However, the big question in almost all buyers' minds is: have we reached the bottom yet? Of course the answer to that question will not be known until sometime after t...
Read More
Posted by:
Harry and Katrena
Plumblee
Posted:
8/14/2008
|
|
|
Thoughts on theReal Estate Market Condition in Franklin County, Florida in June 2008
And what it means for the owner and the potential buyer...
In this coastal area*, there are many factors affecting the Real Estate market. The market decline started over 3 years ago, in early 2005 . It was not acknowledged until after Hurricane Dennis in July 2005 and Hurricane Katrina in August of the same year. Throughout Florida, as well as in many other parts of the USA, price increases and lending practices had become irrational .
C...
Read More
Posted by:
Harry and Katrena
Plumblee
Posted:
7/7/2008
|
|
|
Real Estate Market Update for Sept to Nov 15, 2007
St. George Island and Franklin County
My last update was 2 1/2 months ago.Since September 1, the situation on St. George Island and throughout Franklin County has become somewhat clearer.List prices have more or less stabilized, with only 34 price reductions in the 75 day period (unbelievably, there were also 4 price increases, reflecting some really positive thinking).The number of active listings on all types of real estate continued to fall with a net loss of 13 since September 1, leaving a...
Read More
Posted by:
Harry and Katrena
Plumblee
Posted:
11/21/2007
|
|
|
St. George Island is located in Floridas Big Bend region. The Big Bend area, based on 150+ years of National Weather Service data, is in a region where no major hurricanes have made landfall. It is no secret that over the years we have had damage from hurricanes, but we have never had major damage such as other regions of Florida have experienced throughout recorded history.The bottom line is if you want beach property but you are worried about hurricanes, then St. George Island is the place for you.
Floridas hurricane activity in the 1994 &am...
Read More
Posted by:
Harry and Katrena
Plumblee
Posted:
7/12/2007
|