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Week In Review - December 15 - 21

Published on December 22, 2007 by Sherri Dodsworth under Cape San Blas, Real Estate

Week In Review for Cape San Blas Real Estate MarketJust about what you would expect in real estate activity for the week before Christmas – very slow. Our inventory continues its slow downward trend, a very good thing, with the total at 510, down 8 from last week, with 179 homes and 331 lots listed for sale in the MLS.

With no new sales or contracts, the only activity at all was with price changes, a total of 17 with an average reduction of 11%. It’ll be interesting to see if any of these price changes induce buyers to add some real estate to their investment portfolios in time for year-end tax purposes.

This week I’ll be taking a look back at the year as a whole and in next Saturday’s post we’ll see how 2007 stacked up against 2006, and if we can forecast any trends for the new year.

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