Jun 18 2021

Cape San Blas Real Estate Week in Review – June 12-18, 2021

Published by under Cape San Blas

For Sale Sold Sign     Vacation rentals at the Cape are in full summer swing and and vacationers are everywhere. When beach time is over for the day, many are heading out to look at real estate and Realtors continue working non-stop to meet the demand.  As a result, this week we’ve had had twenty-five closings, written up thirteen new contracts, added thirteen new listings but changed the price on only one listing which was a 30% price increase. Our inventory shed one, closing the week at 95, with 22 homes and 73 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Our ever-dwindling inventory illustrates that demand for houses remains especially strong, but lots are moving as well, so if you’re considering selling, there has never been a hotter time to make your move. Conversely, if you’re thinking of buying, both prices and interest rates are on the rise so you might want to act sooner rather than later. Either way, simply call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and I’ll help you get started.  Thanks for stopping by today and hope to hear from you soon.

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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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Jun 11 2021

Cape San Blas Real Estate Week in Review – June 5-11, 2021

Published by under Cape San Blas

For Sale Sold Sign     I read an interesting article this week citing the Florida Panhandle’s Sizzling Real Estate Market that detailed sales data for five Panhandle counties: Bay, Calhoun, Holmes, Jackson and Washington. I compared those figures to our Cape San Blas area market and our numbers are absolutely staggering.  Year to Date total unit sales for Cape San Blas, Indian Pass and the C-30 Corridor are up 289% with dollar volume up 367%. Wow!

This past week we closed twelve sales and wrote up twelve new contracts. Sellers added eleven new listings and made five price changes. We only added one to our inventory, closing the week at 96, with 24 homes and 72 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

As is the case nationwide, our market is woefully short of housing inventory relative to demand. Building costs continue to soar so demand for existing homes is at an all time high. If you’ve been thinking of selling, please call or text me at 850-227-5197 or drop an email to sherri@sherridodsworth.com and I will help you get started with the process.  Have a great week and as always, thank you so much for taking time to stop 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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

 

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Jun 04 2021

Cape San Blas Real Estate Week In Review – May 29 – Jun 4, 2021

Published by under Cape San Blas

 

For Sale Sold Sign     Memorial Day Weekend delivered Summer right on time and this week both our weather and our market climbed to even greater heights.  Our closed sales soared to twenty-five (vs. eighteen last week) while agents wrote up seventeen new contracts(up five from last week). Once again Sellers added another fourteen new listings (four of which are already under contract) and made nine price changes. With all that MLS activity it’s not surprising to see our inventory dropped by roughly 9%, closing the week at 95, with twenty-three houses and seventy-two lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor market.

Obviously, white hot market interest continues but unlike what I saw in 2004 in that real estate run-up with pricing based solely on speculation, what we’re seeing today is a much healthier market, as people are buying with long-term investment intentions, not the flipping we saw back in the early 2000’s. Building prices are at an all-time high so people seem to be snapping up lots to hold until building prices drift back down out of the stratosphere to ground level.

As is the case nationwide, our market continues to be woefully short of housing inventory relative to demand. Building costs continue to soar so demand for existing homes in our market is at an all time high. If you’ve been thinking of selling, please call or text me at 850-227-5197 or drop an email to sherri@sherridodsworth.com and I will help you get started with the process.

With all your online reading alternatives your choosing to read my blog means so much to me. When I say thank you for taking time out of your busy schedule to stop by I mean that most sincerely. You’re the best!  I’m here when you have real estate issues. Take care.

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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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May 28 2021

Cape San Blas Real Estate Week in Review – May 22-28, 2021

Published by under Cape San Blas

For Sale Sold Sign     We’re continuing to white water raft these crazy real estate rapids zorching into the Memorial Day Weekend and the official launch of Summer 2021. This week we closed eighteen sales, nearly double last week, and agents wrote up twelve new contracts. A good number of sellers decided to ride the wave and added fourteen new listings, three of which are already under contract and two that have have sold. They also made five price changes, all price increases!  Our inventory sailed back into three-digit territory, closing the week up seven at 104, with twenty-three houses and eighty-one lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Our market is mirroring the current national trend of tight inventory and high demand causing houses to sell in lightning fast time. These are crazy times for real estate. Crazy good if you’re wanting to sell because if you list it, they will come.

As we’ve been seeing for several months now, we desperately need inventory, so if you’re thinking of selling call or text me at 850-227-5197 or drop an email to sherri@sherridodsworth.com and we’ll get started.  Have a somber and safe Memorial Day Weekend, and I really appreciate your taking a break from being out and about to stop by today. Have a great week and hope to see you back here soon.

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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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May 22 2021

Cape San Blas Real Estate Week in Review – May 15-21, 2021

Published by under Cape San Blas

For Sale Sold Sign       We finally had a slow down in sales activity this week after a spate of white hot weeks, closing “only” ten sales and writing up seventeen new contracts.  Sellers added seventeen new listings, (four of which are already under contract and one which has sold), and made only three price changes, one of which has already sold.  An uptick in new lot listings increased our inventory by four over last week, as we ended the week at 97, with eighteen houses and 79 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Our lack of houses for sale being unable to meet the demand contributes to this week’s drop in sales. Existing housing inventory is not being supplemented quickly enough with new construction which mirrors the national trend. According to HouseWire, which touts itself as the leading news source for the mortgage industry regarding housing information, national April housing starts dropped 13.4% from March as supply chain constraints continue to handcuff builders. Business Insider reported on Wednesday that lumber prices are still up 229% since May 19 of last year despite falling to $1,201 per thousand board lumber feet after peaking at $1,700 the previous week.

Buyers are out in force and we continue to need inventory to meet their insatiable demand. If you’ve been thinking of selling, please call or text me at 850-227-5197 or drop an email to sherri@sherridodsworth.com 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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

 

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May 14 2021

Cape San Blas Real Estate Week in Review – May 8-14, 2021

Published by under Cape San Blas

For Sale Sold Sign There has been no let up in our frenzied sales activity; last week our combined sales and new contracts came in at 37 and we matched that number this week once again with eighteen sales and nineteen new contracts. Sellers thankfully added fifteen new listings to our meager inventory but only made four price changes, two of which were price increases. Our overall inventory shed another 4%, closing the week at just 93, with 21 houses and 72 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Sustained demand continues to put upward pressure on prices on both existing inventory and building supplies. Lumber prices are through the roof nationwide.  Our busy summer tourist season is just around the corner so now is a great time to position your property to sell. If you’re interested in selling, let me know and I’ll help you get started.  Simply call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com.  Have a great week and thanks so much for stopping by today. Hope to hear from you soon.

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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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May 07 2021

Cape San Blas Real Estate Week in Review – May 1-7, 2021

Published by under Cape San Blas

For Sale Sold Sign Crazy sales activity continues unabated, with twenty-four sales and thirteen new contracts.  Sellers jumped on the bandwagon adding twenty-three sorely needed new listings, two of which are already under contract, but made only three price changes, two of which were price increases. Even with all those new listings, our inventory dropped by 4%, dipping below 100 to 97, with 22 houses and 75 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market. 

Prices are rapidly rising as a result of the incredible demand, and multiple offers on new listings are the new norm.  If you’re ready to sell, let me know and I’ll help you get started.  Just know if you’re selling your personal residence, you better have a place to land lined up as you’ll likely be looking at moving quickly. For more information please call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com .  Have a great week, enjoy yourself, and as always, thanks so much 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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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May 01 2021

Cape San Blas Real Estate Week in Review – April 24-30, 2021

Published by under Cape San Blas

For Sale Sold Sign   This is just crazy. Demand for our coastal Florida real estate is out of control. We are running out of inventory. This week we had twenty closings, (hat tip to our closing attorneys’ staffs for their incredibly long hours and endless efforts to make this happen – you guys are amazing!), and turned in what has to be a record twenty-seven new contracts. Sellers added only seven new listings, nowhere near enough to meet the demand, and three sellers made price changes,

Our overall inventory is frighteningly low, with just 18 houses and 65 lots avaiilbable for sale for a total of 83 listings available for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

We are most definitely in a Seller’s market! We desperateltey need inventory, so if you’re thinking of selling, this is the time to make your move. Conversely, if you’re thinking of buying, both prices and interest rates are on the rise so you might want to act sooner rather than later. Either way, simply call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and I’ll help you get started.   Thanks for stopping by today and hope to hear from you soon.

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Apr 23 2021

Cape San Blas Real Estate Week in Review – April 17-23, 2021

Published by under Cape San Blas

For Sale Sold Sign   Our real estate feeding frenzy continued unabated with ten sales and an unbelievable twenty-two new contracts.  Sellers added seven new listings, one of which is already under contract, and made six price changes, five of which were price increases. Our inventory dropped an alarming 10% from last week ending the week at an even 100, \with a mere twenty houses and eighty lots remaining in the Cape San Blas, Indian Pass and C-30 Corridor MLS markets. At this rate, I’m wondering if there’s a very real chance we might end up being sold out in a few weeks?   A colleague posited that possibility a few months ago and I dismissed the idea but now I’m not so sure we might actually be headed there. We live in interesting times.

Demand for our coastal properties has never been stronger, so if you’re considering selling, this is the time to make your move. Conversely, if you’re thinking of buying, both prices and interest rates are on the rise so you might want to act sooner rather than later. Either way, simply call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and I’ll help you get started.   Thanks for stopping by today and hope to hear from you soon.

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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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Apr 16 2021

Cape San Blas Real Estate Week in Review – April 10-16, 2021

Published by under Cape San Blas

For Sale Sold Sign   We may have had a LOT of rain this week but it sure hasn’t dampened interest in real estate as we closed fourteen sales and wrote up an unbelievable nineteen new contracts. Wow! Sellers added nine new listings, one of which is already under contract, and made six price changes, two of which were price increases. Our overall inventory shed one, closing the week at 112, with 25 houses and 87 lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Buyers are 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 sherri@sherridodsworth.comand I will help you get started with the process. Have a great week, stay dry, 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 sherri@sherridodsworth.com and I’ll set you up to receive my blog post with the links each week.

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