County real estate prices still on hold

A view of the Carrabelle Marina, the only commercial sale on the eastern end of the county in 2013.

A view of the Carrabelle Marina, the only commercial sale on the eastern end of the county in 2013.

Published: Thursday, January 9, 2014 at 02:31 PM.

With but a few exceptions, real estate sales data for last year showed little change from the previous year.

Last week, the Realtors’ Association of Franklin and Gulf counties shared its annual Multiple Listing Service (MLS) statistics for 2013.

Last year, a total of 452 properties countywide, comprising residential, commercial and lots and land parcels, sold for $97.2 million, compared to 461 properties for $95.3 million in 2012.

Residential sales were slightly up across the county. In 2012, 247 properties sold for a total of $79.5 million, and in 2013, 258 properties sold for $81.1 million. In both years, St. George Island had the lion’s share of residential sales, 112 in 2012 and 109 last year.

Carrabelle had the second greatest number of sales, with 67 in 2012 and 77 in 2013. The biggest jump was in Apalachicola, which saw a 33 percent jump in residential sales, from 42 to 56, and a 54 percent increase in the total sales volume, $6.8 million to $10.5 million.,

Eastpoint saw a slide in residential sales, from 26 in 2012 and 16 in 2013, but an increase in the average sale price, from about $173,000 to nearly $188,000.

The island saw a slight decline in median sales price for residential property, from $415,000 in 2012 to $410,000 in 2013. Apalachicola saw a rise in median price, from $138,000 in 2012 to $145,000 in 2013. The lowest median residential price was in Carrabelle, which increased from $95,500 in 2012 to $105,000 in 2013.



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