Real estate update

Concern about Hurricane Frances appeared to dampen residential activity during the past week: only one new residential property was added to the Multiple Listing Service while two commercial properties came off the list. Agents added another multi-million dollar Peter Bay property to their offerings, 4-bedrooms, 4.5-bath, listed at $5.5 million.

At the Marketplace, Holiday Homes reportedly closed a contract for the sale of its neighbor across the hallway, the 1st Floor Bookstore. It had been listed at $200,000. Meanwhile, the pizza and sandwich shop, the Rolling Pin, listed for months, came off the Multiple Listing Service. No word yet whether it was sold, or the owner – who also has the new pizza place in town at Boulon – is just giving the sales effort a rest.

Since early this month, and before Frances, five residences went on the market: 5-bewdrooms, 4-baths in Contant at $1.4 million; 2-bedrooms, 2-baths in Calabash Boom at $545,000; 4-bedrooms, 4.5 baths in Fish Bay for $1.7 million; 3-bedrooms, 3.5 baths for $2.4 million in San Souci, and in the same expensive neighborhood, a 5-bedrooms, 5.5 bath San Souci property at $4.2 million.

The average house for sale on St. John, offered thru the MLS, is priced at $2.5 million. The average listed property has 3 bedrooms, 3 baths, and a pool. There were 35 listings at the start of the week.

The inventory of land for sale increased by 2 to 120 parcels. Condo listings, steady at 8. Timeshare unit listings down 6 to 93.

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