Archive for May 22nd, 2021

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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