Category: Port St. Joe

It’s official, the Federal Reserve Board met this week and decided to aggressively cut the Fed Fund Rate a half point, which represents the first federal rate cut since 2020.  Mortgage rates have been improving since April in anticipation of this announced cut, and how much better mortgage rates will ...

It was another week of wet and unsettled weather on the Forgotten Coast without much new activity to report from our comparative real estate market.  Mortgage rates continue to improve for buyers, hitting their best levels of the year in anticipation of the September Fed meeting next week.  It is ...

September is here, and it’s been a windy and rainy week at the beach following a beautiful Labor Day weekend.  A few more buyers jumped off the fence this week, and there were 2 recorded sales in our comparative market of Cape San Blas, Indian Pass, and the CR/SR 30-A ...

Labor Day weekend is here, marking the tail end of the peak visitor summer season in Gulf and Franklin counties.  It should be a fun weekend at the beach with the Florida Scallop, Music & Arts Festival in Port St. Joe on Saturday and Sunday.  This will be a brief ...

It’s been a busy week on St. Joseph Bay with plenty of scallopers collecting their bounties and enjoying quality time on the water.  We’ve also seen a few more buyers in our comparative real estate market this week, as the jump in new contracts is a welcome development for our ...

It’s Friday, August 16th, and today marks the official start to the 2024 Scallop Season here in Gulf County.  While vacation rentals have slowed down in recent weeks due to school schedules, our area will see a boost in visitor traffic over the next month or so, especially on the ...

I hope everyone had an enjoyable Independence Day with friends and family.  It was definitely one of the busiest tourism weeks I’ve seen in the past 25+ years at the beach over here on the not-so-Forgotten Coast.  Now that we’ve turned the corner on 2024 with the first half in ...

It’s unreal how quickly this year is moving – here we are in the last full week of June, and 2024 will be half-way home after the weekend.  Our next weekly update will include some 6 month statistics for this morphing market which should add some perspective to what we ...

The summer solstice arrived this third week of June, marking the official start of summer although the vacationers, temperature, and sunshine have been representing since Memorial Day weekend.  After an encouraging previous update with 7 new contracts, our comparative market returned to the slower pace of only a couple new ...

The Federal Reserve met this week and decided to stand firm on interest rates, but noted “modest further progress” in bringing down inflation to the 2% target, which is an improvement from previous meetings describing a “lack of further progress”.  The forecast still includes the possibility of a rate cut ...

Farewell to May and welcome to June.  Coming off the holiday weekend there are still plenty of folks in town for our busy summer vacation rental season, as the beaches, boat ramps, shops, stores and restaurants are all in good company.  We saw a few more recorded sales in our ...

This past week provided an early preview of the summer heat and humidity which was followed by a storm front on Friday to cool things off a bit for Mother’s Day weekend.  After a hot start to the month of May, our comparative real estate market also cooled off a ...