From HomesOnFrippIsland.com
Sales & Fripp Island Homes & Properties
By Rita Riley
Settlements are starting to increase. The properties that are priced right are getting contracts! The MLS presently shows 133 Single Family homes for sale (av price of $974,542 & av days on the market 278), 40 active condos (av price of $471,114 & av days on the mkt @ 257), and 81 Lots for sale (av price of $350,896 & av days on mkt 347). There are 6 under-contract properties (3 lots, 1 share SF & 2 SF for the future). The number of Solds for the last 30 days is still low, but the number of showings have increased! The MLS has: 8 Settlements in the last 30 days: 4 SFam, 2 condos, & 2 lots. All but 3 have very poor sold-to-asking price ratios & long days on the market (One is 95% Ratio, 1 is 94% & 1 is 92%...mine was 94%). For the truth, always compare original price to Sold price - NOT asking price when an offer came in after several price reductions! The code is: YR=year built, SqFt=square feet & DOM=days on market
Sold Asking Original Address View SqFt $/sqft Closing Date DOM
410,000 435,000 559,000 426 Widgeon None 1716 239 5/23/08 415+ 2nd Listing
463,000 495,000 610,000 27 Sea Mist Marsh& Ocean 1568 295 4/29/08 505
515,000 580,000 580,000 738 Bonito Dr Golf 1518 340 5/16/08 167
655,000 699,000 689,000 551 Remora Dr Golf 2200 298 5/1/08 682
130,000 149,000 149,000 415 CJFV ¼ share Ocean 1226 5/12/08 157
300,000 325,000 325,000 160 Beach Club V Marsh/lagoon 940 319 4/30/08 92
225,000 260,000 293,000 373 Wahoo Dr 5J2B Golf 5/19/08 245
275,000 294,000 294,000 15 Fiddlers Trace 15D4 Fiddlers Lake 5/16/08 583
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