MENU
September 2007
September 29, 2007
Week In Review – Sept. 23 – 29, 2007
It’s Saturday and time once again to see what’s been going on in the Cape San Blas real estate market this week. Good news! We have two Solds this week. One was a lot in Boardwalk, and the other a townhouse in Barrier Dunes. That’s the good news. Now let’s ...
September 27, 2007
Can LLC’s Do 1031 Exchanges?
That was the question put to me this week, so I put the question to my “go to gurus” on such matters, The 1031 Exchange Experts, and this is what I found out. If you are a “taxpayer,” you are eligible for a 1031 exchange. This includes individuals, LLCs, partnerships, ...
September 22, 2007
Week In Review – Sept. 15 – 22, 2007
Time once again to take a look at the past week’s local real estate activity for Cape San Blas, the C-30 corridor, and Indian Pass. Very little change in the inventory this week with a total of 540 active listings, down 4 from last week, with 198 residential units and ...
September 20, 2007
An Encouraging Sign
All right – something we haven’t seen in a long time – since January 2006, to be exact – is our inventory of homes for sale dropping below the 200 mark. In our week in review last Saturday there were 197 homes listed in the Cape market, which includes the ...
September 18, 2007
Fed Drops Rate to 4.75%
The big news today, of course, is the Fed deciding to cut both the fed funds rate and discount rate by 50 basis points to 4.75% and 5.25%, respectively. By mid-afternoon the stock market is soaring, and it will be interesting to watch what impact this may have on our ...
September 15, 2007
Week In Review – Sept. 8 – 14, 2007
Each Saturday I take a look at the past week’s local real estate activity for Cape San Blas, the C-30 corridor, and Indian Pass. This week the inventory remains large even though it is down 2% from last week with a total of 544 active listings: 197 residential units (36%) ...
September 12, 2007
Building Boom or Bust?
As I was driving to an appointment on the Cape this afternoon, I was struck by the number of houses under construction along the way, and began to wonder if perhaps this is a sign that things might be picking up a bit. I really hope it was because we ...
September 11, 2007
Weichert Selling Cape and Apalach Offices
Olivier Monod, broker-owner of Weichert Realty Anchor, today listed his offices located on Cape San Blas and Apalachicola for sale. This move follows the closings earlier this summer of his Mexico Beach and Hwy. 98 offices in Apalach near the IGA. The Cape San Blas office opened in 1995 in ...
September 8, 2007
Week In Review – Sept. 1 – 7, 2007
Each Saturday morning I take a look at the past week’s local real estate activity from Cape San Blas, the C-30 corridor, and Indian Pass. The inventory remains large with a total of 555 active listings, 200 residential units (36%) and 355 lots (64%). One sign I like is that ...
September 7, 2007
Scallop Season’s Last Hurrah
If you’re planning on stocking your freezer with scallops this season you’d better hurry up and get your snorkeling gear in action because this is the final weekend as Monday, September 10, it all comes to an end for 2007. The weather should be good with the forecast calling for ...
September 5, 2007
Our Main Drag Renamed?
Looks as if someone on the Ovation team may have used their spell check when they typed up the order for street signs instead of proofreading it themself. Spell check will get you every time, folks! Ashwood Development is doing a great job with this project – believe me, I ...
September 4, 2007
Tips For Evaluating Income-Producing Properties
How do they do it? How many times have you heard someone talk about their income-producing property? Some properties are more profitable than others. How can you tell before purchasing? If you’re not wanting to put as much money into the property that is required, you may want to look ...