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Category: Real Estate
September 20, 2007
An Encouraging Sign
All right – something we haven’t seen in a long time – since January 2006, to be exact – is our inventory of homes for sale dropping below the 200 mark. In our week in review last Saturday there were 197 homes listed in the Cape market, which includes the ...
September 18, 2007
Fed Drops Rate to 4.75%
The big news today, of course, is the Fed deciding to cut both the fed funds rate and discount rate by 50 basis points to 4.75% and 5.25%, respectively. By mid-afternoon the stock market is soaring, and it will be interesting to watch what impact this may have on our ...
September 12, 2007
Building Boom or Bust?
As I was driving to an appointment on the Cape this afternoon, I was struck by the number of houses under construction along the way, and began to wonder if perhaps this is a sign that things might be picking up a bit. I really hope it was because we ...
September 11, 2007
Weichert Selling Cape and Apalach Offices
Olivier Monod, broker-owner of Weichert Realty Anchor, today listed his offices located on Cape San Blas and Apalachicola for sale. This move follows the closings earlier this summer of his Mexico Beach and Hwy. 98 offices in Apalach near the IGA. The Cape San Blas office opened in 1995 in ...
September 8, 2007
Week In Review – Sept. 1 – 7, 2007
Each Saturday morning I take a look at the past week’s local real estate activity from Cape San Blas, the C-30 corridor, and Indian Pass. The inventory remains large with a total of 555 active listings, 200 residential units (36%) and 355 lots (64%). One sign I like is that ...
September 4, 2007
Tips For Evaluating Income-Producing Properties
How do they do it? How many times have you heard someone talk about their income-producing property? Some properties are more profitable than others. How can you tell before purchasing? If you’re not wanting to put as much money into the property that is required, you may want to look ...
September 1, 2007
Cape San Blas August 2007 Market Wrap Up
There were six sales in the Cape San Blas market during August: 2 lots, including a gulf-front lot in Treasure Shores and an interior lot in Sunset Pointe, and 4 homes, ranging in price from an interior townhouse at Barrier Dunes for $332,500 to a gorgeous gulf-front home in Two ...