MARKET REPORT: April 2019

Cape San Blas lot sales took a mild dip to just 10 sales in April.  More than ½ of these sales were either Gulf or Lagoon front.  C30 Corridor held the bulk with 6 sales, 2 for Indian Pass and one each on North and South Cape San Blas.  The average days on market were 202 at an average of $103,015.  May just might be the greatest month thus far if all 19 contracts close.  If you or someone you know is considering land in this market there are still 190 to choose from.  , Agents closed 6 homes in April, down a touch from previous months.  C30 Corridor and Cape San Blas North each delivered two sales, Cape San Blas South and Indian Pass each closed on one home.  The average sales price saw a nice increase to $618,867 and 210 days on market.  Currently 12 homes under contract and 59 remaining on market.     

North Gulf County had a great increase to 14 lot sales!  Opposite of what we saw last month, in April total transactions and days on market are up (214) average sales price is down ($19,993).  Dalkeith and Overstreet North sub areas carried four sales each, one waterfront.  Wewa delivered 3, Howard Creek 2 and City of Wewa just one sale.  As of now we have 9 lots under contract.  Few new lot listing since last month providing us with 147 options to choose from.  Homes sales are also on a nice rise for this market, we closed 9 last month, three each in Howard Creek, City of Wewa and Wewahitchka subareas.  The average sales price was $76,265 with 89 days on market.  We now have 8 homes under contract, and 21 available for purchase.

Port St Joe moved 12 lots last month.  City of Port St Joe delivered 10 sales, two of which were commercial, Jones Homestead and Highland View brought the remaining two.  The average sales price was $59,033 with 88 days on market.  Appears we didn’t close all that were under contract when last month’s report was compiled, but we’re still going strong in this market with 16 lots under contract.    Several new listings provide us with 62 lots to choose from.  April delivered another astounding 15 home sales, most of which are in need of some type of rehab.  We had one sale in Jones Homestead and the others all in City of PSJ sub area.  Slowly but surely, we will rebuild this City to better than ever!   The average sales price is still down at $149,203 and 74 days on market.  Again an astounding number of contracts on hand.  If we can close all 27 contracts we will have certainly made great strides!  As homes sell the inventory is dwindling down, as of now there are only 29 homes available.    

Mexico Beach experienced a mild decrease in land sales, to just 12 closings.  Seven of these sales were in St Joe Beach, primarily in the Highlands Subdivision, Mexico Beach carried four sales and Beacon Hill delivered one.  Our average sales price was $194,077 and 202 days on market.  There are 21 lots scheduled to close.  A few new additions in the way of listed property, bringing the available properties to 115.   Not much change in the volume of residential sales, April brought another 22 closings.  St Joe Beach lead the way with 9 sales, Mexico Beach 8, WindMark Beach 3 while Beacon Hill and Overstreet South each closed one home.  The average sales price rose to $278,360 with 74 days on market.  Things appear to remain consistent in our Beach market as there are currently 22 homes under contract.   Leaving 68 homes to choose from, if you’ve ever wanted to ‘flip’ a property, each of our markets have plenty of homes in need of repair.

The Port St Joe Marina was torn down this month with speculation of two years for rebuild, as boat slips must be reconfigured.  The Mexico Beach Marina is shooting to be open by Memorial Day, fuel delivery is still TBD. 

Don’t forget Mexico Beach is seeking volunteers on Saturday June 1 to plant sea oats.  Come out if you can 8am CST.

Team 98 is holding to our Top Producing Company positions in the Mexico Beach and North Gulf County markets!  Thank you all for your continued trust and support in allowing us to do what we love.  *My apologies for the delays on this report this last two months, as you can see myself and most every other Realtor in our area has been very busy.

Share this