Skip to content

Cape San Blas Real Estate Week in Review, January 21 - January 27, 2023

Published on January 27, 2023 by Chris Petrie under Cape San Blas, Forgotten Coast, Indian Pass, Port St. Joe, Real Estate, Week In Review

For Sale and Sold Sign

It’s already the last full week of January, and the weather has cooled off at the beach as our market conditions have remained consistent for the past few weeks.  This month we’ve seen a limited number of sales recorded thanks to a slower December (8 total sales, 4 homes & 4 lots), and a decent number of new contracts executed (18 total so far, 10 homes & 8 lots).  We’ll start this update with a review of the one and only recorded sale from all of Cape San Blas, Indian Pass and the CR/SR 30-A corridor in the past 7 days.

  • Lot 4 Stillwater Way – This vacant lot off the north side of the CR 30-A corridor near the Gulf and Franklin county line is an RV-friendly property in the AE flood zone.  The half acre parcel measures 80′ wide, and was on the market for only 8 days with a price tag of $69,000 before going under contract in December.  This lot just sold for $65,000 cash, which is a nice return for the sellers who purchased as a bank-owned property in 2010 for $14,900.

 

There were 6 new contracts signed by buyers and sellers this past week, 4 were vacant lot contracts and 2 were new residential contracts.  There were also 3 listings which expired in the past 7 days, and 1 more withdrawn from the active market.  4 sellers lowered asking prices on vacant lots which had been on the market for months without a contract.

 

Speaking of sellers, there are no new ones listing properties on the market this week for the first time in quite a while.  As a result our total residential inventory count is down 3 to 32 properties on the market currently, and our vacant land inventory count is down 7 to 86 lots listed for sale on all of Cape San Blas, Indian Pass and the CR/SR 30-A corridor.  That gets us all caught up for this week, thanks for checking in and let me know anytime I can assist with any of your real estate needs, (850)899-8765 or [email protected]

 

The Port St. Joe Jr. Service League is hosting the 13th annual Chili Cook-Off this Saturday the 28th from 12-4.  There will also be a car show, family bazaar, kids zone and live music – always a fun January Saturday afternoon in Gulf County.  Enjoy the weekend!

Winter time sunset on Cape San Blas

Share This:

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.


Recent Posts

January 20, 2023

Cape San Blas Real Estate Week in Review, January 14 – January 20, 2023
Here we are rolling through January, and it’s the first week in as long as I can remember with no recorded sales from the past 7 days to report from our comparative market of Cape San Blas, Indian Pass, and the CR/SR 30-A corridor.  While no previous contracts were closed ...

January 14, 2023

Cape San Blas Real Estate Week in Review, January 7 – January 13, 2023
Thanks for checking in for our second weekly update of 2023, where there is a nice increase in new contract activity paired with an uptick in new listings for Cape San Blas, Indian Pass and the CR/SR 30-A corridor.  We’ll start the weekly update with a summary of the 5 ...

January 10, 2023

Cape San Blas Real Estate 2022 Year in Review
2022 was another busy, crazy, and memorable year in the real estate market for Cape San Blas, Indian Pass and the CR/SR 30-A corridor.  We started the year with a limited inventory and high demand, which escalated into a buying frenzy with a depleted inventory in the spring and early ...

January 6, 2023

Cape San Blas Real Estate Week in Review, December 31 – January 6, 2023
I’ll start this post by being one of the last to wish you a Happy New Year as we plunge into 2023.  After some storms blew through the area mid-week, we’re looking at a beautiful early January weekend on the Forgotten Coast.  Once again we’re very light on new activity ...

December 31, 2022

Cape San Blas Real Estate Week in Review, December 24 – December 30, 2022
Welcome to the last real estate update of 2022 for Cape San Blas, Indian Pass, and the CR/SR 30-A corridor.  We’re finishing up the year with another slow week for new activity, and a few more recorded sales as we turn the corner into 2023.  In the next week or ...

December 23, 2022

Cape San Blas Real Estate Week in Review, December 17 – December 23, 2022
I hope everyone is staying warm and safe as winter storm Elliott is delivering freezing temps, high winds, and dangerous conditions across the country.  Here in Gulf County there were some stuffed stockings this week before Christmas with a jump in recorded sales as we approach the end of 2022.  ...

December 16, 2022

Cape San Blas Real Estate Week in Review, December 10 – December 16, 2022
Another relatively slow week for the real estate market on the Forgotten Coast, as Christmas is right around the corner.  Some cooler weather returned to the beaches this weekend after some recent Indian Summer conditions, as it’s starting to feel a little more like the holidays.  There were 3 sales ...

December 9, 2022

Cape San Blas Real Estate Week in Review, December 3 – December 9, 2022
Apparently not too many holiday shoppers had real estate on their list this season.  This is traditionally a slower time of the year for our market between the holidays, and this season seems to be returning to the pre-COVID pace that we were used to seeing in previous years.  Only ...

December 2, 2022

Cape San Blas Real Estate Week in Review, November 26 – December 2, 2022
And now it’s December as 2022 continues to fly by, hard to believe we’re closing in on the end of the year already.  Retailers saw plenty of buying and selling this week after Thanksgiving, but not so much in our local real estate market.  There were just a few recorded ...

November 25, 2022

Cape San Blas Real Estate Week in Review, November 19 – November 25, 2022
Happy Thanksgiving week – hopefully everyone has enjoyed quality time together with family and friends.  A few buyers and sellers celebrated by closing on a handful of transactions this week, and a couple more were agreeable on new contracts.  We’ll begin our weekly review from Cape San Blas, Indian Pass ...

November 18, 2022

Cape San Blas Real Estate Week in Review, November 12 – November 18, 2022
Thanksgiving is right around the corner, it’s cool at the beach, and our real estate market is continuing at the same relatively steady pace we’ve been experiencing over the past couple of months.  This is normally a slower time of the year for transactions, especially around the holidays, but we’re ...

November 11, 2022

Cape San Blas Real Estate Week in Review, November 5 – November 11, 2022
We’re over 1 week into November, and what we hope will be the last named storm of the year just blew through our state.  While November hurricanes are rare, they are not unprecedented.  Many long-time locals remember Hurricane Kate which made landfall near Mexico Beach as a category 2 storm ...

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
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.

© 2023 Chris Petrie. All Rights Reserved.

Privacy Policy Site Map