Jul 09 2021

Cape San Blas Real Estate Week in Review – July 3-9, 2021

Published by at 7:24 PM under Cape San Blas

For Sale Sold Sign   Our smoking hot real estate frenzy keeps sizzling along. In another banner week, we closed eleven sales and eleven properties went under contract. Sellers added ten sorely needed new listings to the mix, but only made one price change.  Even with all those new listings, our inventory is still down one from last week, coming in at 110, with twenty-three homes and eighty-seven lots listed for sale in the Cape San Blas, Indian Pass and C-30 Corridor MLS market.

Why is the market so white hot? No, it’s not the pandemic. An NBC News Report recently posted by the Florida Association of Realtors (FAR) reported that industry experts say the problem is two fold. We’re seeing a U.S. housing market that was still recovering from the 2008-2009 foreclosure crisis when the pandemic hit coupled with an “underbuilding gap” of between 5.5 and 6.8 million housing units since 2001. The article cites reports from the National Association of Home Builders that none of the new single-family homes built across the United States in 2020 were priced under $100,000. Nationwide. Let that sink in.

As is the case nationally, our market is woefully short of housing inventory relative to demand. Building costs are still exorbitant so demand for existing homes in our market remains 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, thanks so much for taking time out of your busy summer 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. Also, if you have been regularly receiving the blog with links and it suddenly stopped, please let me know as I am still sending it to you but for some reason some weeks ago a number of readers stopped receiving it and I need to see if I can figure out why that is. 

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