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traderx

Beach Fanatic
Mar 25, 2008
2,133
467
HYD,

Take note.

Realtor: Now's a great time to buy!

Potential Buyer: I'll be the judge of that.

.

So, as a potential buyer, I am curious as to what price you would put on the house?
 
Four and a half years of inventory in that area?

It depends on how you define, "selling homes." Both the listing agent and the selling agent can say that they sold the property.

No particular agent is ruling the market in that specific area. In the last six months, I don't see any agent selling more than one home in that area. Since Mar 1, there have been only eleven home sales in that area, with the average price $477,772, $244/sf. (of course eleven sales isn't enough of a sample to give good statistics. Currently, there are 101 homes for sale in that area, and with less than 2 sales per month, on average, buyers will have plenty of choices, and that is why pricing is key to make a sale.

Getting more specific with that particular sub-division, rather than that general area, I see only two home sales in there since March 2005. They were in March and April of 2005, just before the peak of the market, and the sales prices were rather high compared to the homes currently listed in there.

It sounds like there is presently four and a half years worth of existing inventory in that area if no new listings come on line during the next 52 months. Is that actual?
 

Miss Kitty

Meow
Jun 10, 2005
47,011
1,131
71

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
just a note, the house doesn't appear to be in need of repairs to make it "habitable," and the house isn't near old Seagrove, relatively speaking.
 

seagrovegirl

Beach Fanatic
Feb 9, 2008
3,828
464
Historic Old Point Washington
just a note, the house doesn't appear to be in need of repairs to make it "habitable," and the house isn't near old Seagrove, relatively speaking.

FYI: Old Seagrove....the actual subdivision has 7 phases. Old Seagrove is from Seaside to the Wheelhouse restaurant (now closed) on 30A and then north on 395 to Canal Street and Susanne Drive. :D
 

goin' coastal

Beach Lover
Jul 11, 2005
106
8
Looks like a very nice house in a good location. Wish you the best of luck in selling and your choice of realtors. For a period of time when our listing expired I had a few offers without a realtor to buffer me from the pain. Let me just say it was not a good experience. For us it is always best to have a realtor and no, I am not one.

Know a few folks looking on 30a from our city will keep your lovely home in mind.
 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
That is correct, Seagrovegirl, but while this property is located about one mile east of Old Seagrove, and is in a totally different type of neighborhood, I say it relatively, isn't close. Though Cassine has a few more features as a sub-division, it is much closer in proximity, and much more like the the subdivision and housing found in the Village of Sugar Beach. When I think of "Old Seagrove," which I really love, I think of the big Oak Tree canopies and narrow dirt roads which help keep the traffic low.

The good news for the seller of this house is that he purchased it at a price where he could sell it today and still make a profit.
 

seagrovegirl

Beach Fanatic
Feb 9, 2008
3,828
464
Historic Old Point Washington
I agree SJ....let's keep Old Seagrove, Old Seagrove.....another FYI: The founder of (Old) Seagrove, C.H. "Cube" McGee would get upset when other areas surrounding OS used the Seagrove name...ie; One Seagrove Place.
 

Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
The only reason I make a distinction between Old Seagrove and Seagrove, is because of the difference in emotional appeal to buyers, depending on the sub-division or house/property. Price and perceived value will be the motivating factor for a buyer of this house, IMO.

I will say that while I have only seen interior photos of the house, I have driven by the house, and think the house looks nice.
 
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