Skip to content

Week In Review - December 1 - 7

Published on December 8, 2007 by Sherri Dodsworth under Business, Cape San Blas, Real Estate

Hard to believe it’s Saturday already, but it is so let’s take a look at what’s been going on with Cape San Blas real estate. In a word? Nothing.

Once again it seems as if the only buyers are at the malls because there was no new activity this week at all; no closings, no new pendings. December, January and February have traditionally been slow sales months here so that really isn’t a surprise.

The total inventory’s down roughly 4% this week, coming in at 532, down from last week’s 549, with 193 homes and 339 lots. I’ve had some sellers take their properties off the market until next Spring just to keep them from getting over the next few quiet months.

I’m hearing more and more whispers around about looming foreclosures and I’m getting the sense that 2008 is going to be a tough year for a lot of people who got a little too aggressive during the peak years. We’ll be keeping an eye out for good investment opportunities. We’re already starting to get calls from banks who want broker price opinions on properties they’ve taken back.

It’s going to be interesting in just 3 short weeks to take a look at the year in review and see how it compares with last year.

Be the first to comment

Thanks for leaving a comment. If you are new to leaving comments on my site, it will have to be approved before being posted.

Subscribe to the  Cape San Blas Blog

Follow along weekly from the convenience of your inbox.

Thanks for reaching out! I'll be in touch soon!

Coastal Realty Group
CREN CBDA
REALTOR logo Multiple Listing Service logo Equal Housing Opportunity logo

Property information provided by the REALTOR'S® Association of Franklin and Gulf Counties, Inc.. IDX information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.

© 2024 Chris Petrie. All Rights Reserved.

Privacy Policy Site Map