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Cape San Blas Real Estate Week In Review - May 29 - Jun 4, 2021

Published on June 4, 2021 by Sherri Dodsworth under Cape San Blas


For Sale Sold Sign     Memorial Day Weekend delivered Summer right on time and this week both our weather and our market climbed to even greater heights.  Our closed sales soared to twenty-five (vs. eighteen last week) while agents wrote up seventeen new contracts(up five from last week). Once again Sellers added another fourteen new listings (four of which are already under contract) and made nine price changes. With all that MLS activity it’s not surprising to see our inventory dropped by roughly 9%, closing the week at 95, with twenty-three houses and seventy-two lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Obviously, white hot market interest continues but unlike what I saw in 2004 in that real estate run-up with pricing based solely on speculation, what we’re seeing today is a much healthier market, as people are buying with long-term investment intentions, not the flipping we saw back in the early 2000’s. Building prices are at an all-time high so people seem to be snapping up lots to hold until building prices drift back down out of the stratosphere to ground level.

As is the case nationwide, our market continues to be woefully short of housing inventory relative to demand. Building costs continue to soar so demand for existing homes in our market is at an all time high. If you’ve been thinking of selling, please call or text me at 850-227-5197 or drop an email to [email protected] and I will help you get started with the process.

With all your online reading alternatives your choosing to read my blog means so much to me. When I say thank you for taking time out of your busy schedule to stop by I mean that most sincerely. You’re the best!  I’m here when you have real estate issues. Take care.

Reminder – If you would like to read this with the links to the various listings, I can only email them to you now with our new MLS which I’ll be glad to do. Just let me know by sending me a request to [email protected] and I’ll set you up to receive my blog post with the links each week.

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