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Cape San Blas Real Estate Week in Review - June 19-25, 2021

Published on June 25, 2021 by Sherri Dodsworth under Cape San Blas

For Sale Sold Sign    The Florida Association of Realtors (FAR) released a report this weekshowing that May sales of single family homes were up 57.9% over May of last year with the median price soaring 27.7% to $344,900, while the overall inventory of actively listed houses dropped 58.2%.  In Gulf County our May home sales were up 77.3% over last year, and the median price rose 20.9% to $436,450. Overall inventory of available houses in Gulf County dropped 64.6%. These figures are for all of Gulf County.

As for the Cape market, since last Saturday our inventory gained nine, back up into three-digit territory, closing the week at 104 with the number of houses still at twenty-two, (only seven of which are priced under $1,000,000) and eighty two lots ranging in price from $22,000 all the way up to $1.2M.  We closed thirteen sales and wrote up ten new contracts. Sellers added sixteen new contracts (two of which are already under contract), and entered nine price changes, with four of those being price increases.

Buyers are still out in force and we need inventory to meet that demand. 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. Have a great week and thanks as always for stopping by today!

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. Also, if you have been regularly receiving the blog with links and it suddenly stopped, please let me know as I am still sending it to you but for some reason some weeks ago a number of readers stopped receiving it and I need to see if I can figure out why that is. 

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