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 342 lots.
Only six price changes this week, exactly half as many as last week; four houses and two lots, with an average price reduction of 8.8%. Largest drop was on a lot in Ovation, which, according to the tax rolls, was purchased in August of 2005 for $775,000. It has been listed since March 15 of this year at $875,000, but dropped this week to $695,000.
Sorry to report there were no “Solds” this week nor properties put under contract. We’re still waiting to see what amalgamation of price, selection and interest rates will allure buyers back into the market. Until next week, happy bargain hunting.