There were six sales in the Cape San Blas market during August: 2 lots, including a gulf-front lot in Treasure Shores and an interior lot in Sunset Pointe, and 4 homes, ranging in price from an interior townhouse at Barrier Dunes for $332,500 to a gorgeous gulf-front home in Two Palms for $1.3M.
As for what’s currently for sale, as of month’s end there was a total of 575 active listings in the Cape San Blas market (the Cape, Indian Pass and the C-30 Corridor through south Gulf County): 209 homes, and 366 lots. That figure of 209 homes is actually the smallest inventory we’ve seen since January of 2006, and is also 23% lower than last August.
Sales levels, however, remain static, with 26 through August last year vs. 25 this year. For you number crunchers out there, here’s some tasty data to gnaw on.
Sales and Inventory History
Saturday, September 01, 2007
Category – Residential / Area: Cape San Blas/S. Gulf
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory |
| January | 2006 | 3 | $793,300 | $710,000 | 89.50% | 138.0 | 208 | 69.33 |
| February | 2006 | 3 | $693,267 | $649,333 | 93.66% | 218.0 | 223 | 74.33 |
| March | 2006 | 2 | $762,000 | $750,000 | 98.43% | 118.0 | 263 | 131.50 |
| April | 2006 | 6 | $967,150 | $809,667 | 83.72% | 132.0 | 288 | 48.00 |
| May | 2006 | N/A | $0 | $0 | 0% | 0.0 | 287 | 0 |
| June | 2006 | 5 | $436,200 | $399,500 | 91.59% | 121.0 | 269 | 53.80 |
| July | 2006 | 3 | $578,300 | $557,267 | 96.36% | 41.0 | 262 | 87.33 |
| August | 2006 | 4 | $471,975 | $436,225 | 92.43% | 92.0 | 272 | 68.00 |
| September | 2006 | 3 | $650,000 | $540,000 | 83.08% | 413.0 | 245 | 81.67 |
| October | 2006 | N/A | $0 | $0 | 0% | 0.0 | 229 | 0 |
| November | 2006 | 4 | $500,500 | $468,750 | 93.66% | 330.0 | 222 | 55.50 |
| December | 2006 | 3 | $704,000 | $675,333 | 95.93% | 219.0 | 212 | 70.67 |
| Total | 2006 | 36 | $657,067 | $593,644 | 90.35% | 151.8 | 248 | 61.67 |
| January | 2007 | N/A | $0 | $0 | 0% | 0.0 | 217 | 0 |
| February | 2007 | 4 | $453,250 | $379,250 | 83.67% | 256.0 | 231 | 57.75 |
| March | 2007 | 1 | $859,000 | $859,000 | 100.00% | 616.0 | 233 | 233.00 |
| April | 2007 | 3 | $832,833 | $750,000 | 90.05% | 207.0 | 242 | 80.67 |
| May | 2007 | 4 | $556,725 | $488,750 | 87.79% | 170.0 | 255 | 63.75 |
| June | 2007 | 5 | $435,200 | $398,200 | 91.50% | 277.0 | 227 | 45.40 |
| July | 2007 | 4 | $353,200 | $326,000 | 92.30% | 174.0 | 219 | 54.75 |
| August | 2007 | 4 | $805,725 | $740,125 | 91.86% | 158.0 | 209 | 52.25 |
| Total | 2007 | 25 | $568,364 | $513,460 | 90.34% | 232.3 | 229 | 73.50 |
| Total | 2006-2007 | 61 | $612,715 | $553,552 | 90.34% | 192.0 | 239 | 68.00 |
| Note: | The “Current Inventory” column reflects the number of active listings on the market on the 31st day of each Month.The “Months of Inventory” column is equal to the “Current Inventory” divided by the “Monthly Sales”. This reflects how many months it would take to sell out of inventory at the current month’s rate of sale. |