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Cape San Blas September 2007 Market Wrap Up

Published on October 2, 2007 by Sherri Dodsworth under Business, Cape San Blas, Port St. Joe, Real Estate

There were 3 sales in the Cape San Blas market during September: 2 homes, including a townhouse at Sea Cliffs and a townhome at Barrier Dunes, and 1 lot located at the other end of the Cape in Boardwalk. An encouraging sign is that contracts are being written, as at month’s end there are 5 houses under contract and 3 lots.

As for what’s currently for sale, as of month’s end there was a total of 540 active listings in the Cape San Blas market (the Cape, Indian Pass and the C-30 Corridor through south Gulf County): 193 homes, and 347 lots. That’s a nice drop in inventory, down about 6% from last month’s total of 575. The inventory of homes hasn’t been this low since December of 2005 so I’m liking this trend.

Sales levels, however, remain static, with 29 through September last year vs. 28 this year.

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