Home Prices Trending Down

A recent review of the 35 homes for sale in St James Plantation shows that 16 home sellers have authorized a price reduction. Reductions range from $10,000 to $273,333; all relative to the list price. The average time on the market has become longer than it was just 6 weeks ago.
Will keep an eye on this transition, and report back. Could we be returning to a buyers’ market?

All “Waterviews” Not What You Expect

4441 Midshipman Court

Buyers interested in purchasing a lot in St James Plantation have a scant 40 to choose from. If you are looking for a waterfront lot, the selection narrows even more.

When you are searching for a waterfront lot on Realtor.com, Zillow or any of your favorite websites, you will instantly recognize that what is classified as “waterfront” is often misleading. There are only 6 property sites that overlook the ICW, the rest are facing a small pond or creek. Not the waterfront that you had in mind?

The St James lot on 4441 Midshipman Court, $298,500, is priced significantly lower than all of the other ICW properties [list prices range from $345,000 – $850,000 on competitive lots].

St James is located on the ICW with a Marina serving over 470 boats; immediate access to the ICW and a brief boat ride to the Atlantic Ocean.