Category: Forgotten Coast

More indicators we may be near or at the market bottom in the news this week. Data released Tuesday by the National Association of Realtors show that in former housing-boom hot spots like Florida, Nevada and California, single-family home prices dropped 20% to nearly 30% in the past year. (See ...

Spring is the season of renewal and growth and unfortunately that’s exactly what our inventory did this week after holding steady for the past three. It grew nearly 2% with a total of 466 (up from 458), with 174 houses (vs. 171) and 292 lots (vs. 287). There was a ...

Our volunteer fire department, the South Gulf County Volunteer Fire Department, has been trying for three years now to find a mere one acre piece of land on which to build a fire station to protect the residents of and visitors to the northern section of Cape San Blas. Many ...

Yesterday we looked at what sold, so today we’ll start off by looking at our three new contracts. One is the Camp Palms lot at Indian Pass which closed on the 30th, so I’m not sure what the deal is with that. The other two are homes, one a single ...

April showers bring May flowers and this week it brought the most buyers and sales activity we’ve seen since I started this blog back in September. Lots to cover (about time!) so let’s just jump right in. Inventory is holding steady for the third week in a row, completely unchanged ...

It all depends which side of the fence you’re sitting on whether the Cape San Blas real estate market is improving or not. Sellers would say “no”, but buyers are starting to say “yes”. One encouraging sign in this market correction is that our overall inventory continues to go down, ...

It’s like a Christmas gift in this morning’s Hot Sheet: a 75′ gulf front lot on Indian Pass slashed from $450K to $330K , or only $4,400 per waterfront foot. Unbelievable. Here’s the MLS description: 1+/- ACRE GULF FRONT PROPERTY. 75 FEET OF WATER FRONTAGE. Beautiful property with great wide ...

The one question I hear more than any other is “has the market reached bottom yet?”. I believe that the past is the best predictor for the future and therein may lie our answer. Looking back we can clearly see that the local market peaked in late 2004, but robust ...

Beach restoration is well underway, beginning near Eagle Harbor in the park and working its way steadily southward, already nearing Secluded Dunes. With as long as this project has been in planning you would think the county would have already notified beachfront owners of what they needed to do with ...

Sorry for the delay in getting this week’s market wrap up done but the weather was just so fine this weekend that I took two vacation days and spent the entire time outside in the fresh air and sunshine loving being on the Cape. So now it’s Monday and back ...

We finally have a healthy 5% drop in our inventory size this week after several weeks with little or no change. We end the week with a total of 457 lots and homes listed for sale in the MLS for the Cape, Indian Pass and C-30 corridor market, down from ...

As veteran slugger and baseball philosopher Yogi Berra once said, this week it’s “deja vu all over again”. For the thrid week in a row our inventory remains steady at 480, with a few more homes (181 vs. 178) and a few fewer lots (299 vs. 302). Just like last ...