Archive for September 27th, 2019

Sep 27 2019

Cape San Blas Real Estate Week in Review – Sep. 21-27, 2019

Published by under Cape San Blas

Our excitement over beach renourishment actually taking place before our eyes still has everyone happy and relieved.  They’ve started on the south end of the peninsula by the rocks and are working their way slowly northward, and that off-shore barge is pumping A LOT of beautiful sand up to our shoreline.

Even with all that going on, our real estate market had another quiet week, with no closings and just two new contracts. Sellers added five new listings, and changed prices on seven others. Our inventory grew by two, closing the week at 289, with 77 homes, 4 commercial, and 208 lots listed for sale in the Cape San Blas, Indian Pass, and C-30 Corridor MLS listings.

We’ll start our review of our two new contracts on the north end of the Cape in Barrier Dunes where this 2-bedroom, 2-bath, 1,216 square foot townhouse back by the tennis courts went under contract on Wednesday with a list price of $330,000. The sellers bought it in mid-2016 for $220,000.

Our second new contract is about three miles south of Barrier Dunes on Catamaran Drive where buyers had their offer accepted on this 3-bedroom, 3-bath, 1,428 square foot home with both gulf and bay views. It’s located in a laid back beach neighborhood known as Feather Sound with no HOA or HOA fees, but which includes deeded gulf access. The sellers bought the lot back in 2011 for $60,000.

And just like that we’re all caught up.  Although we’ve had two back-to-back slow weeks, I don’t see that as a trend. We’ll just keep an eye on it and see where the market goes. Interest rates have lowered in the past month, the economy is strong, housing is still in strong demand so I believe this is a passing lull. If you’re interested in buying or selling, I’ll be glad to help. Call or text me at 850-227-5197 or drop a note to sherri@sherridodsworth.com and we’ll get started.  Have a great week, and thanks so much for taking time out of your busy schedule 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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