Cape San Blas closed 15 lots in July, which is down a touch from June. Cape San Blas North once again lead the way with 6 sales (1 Bay front), C30 pulled 5 sales (1 Gulf front), Cape San Blas South closed 3, and Indian Pass closed 1 Lagoon front lot. RV lots in this market are becoming scarcer since the RV ordinance change last summer. The average sales price was $207,300 with 71 days on market both being a decrease from last month. As of now there are 13 lots under contract and 102 available. The Cape San Blas residential market closed 12 homes in June with the majority being Gulf front! The numbers of sales are down a tad but the sales dollars are up with an average price of $1,467,083 and 21 days on market. Cape San Blas North moved 6 homes (4 Gulf front, 1 Bay front) C30 closed 1 Bay front and 3 Gulf front, while Cape San Blas South closed 2 Gulf front homes. August may shake out to be our best month yet with a whopping 28 homes under contract! This leaves 51 homes on market, with fewer Gulf front options yet quite a few new construction opportunities.
North Gulf County numbers are down yet back to more of their norm with 8 lot sales. The City of Wewa, Overstreet North and White City each had 2 closings with Howard Creek and Wewa delivering the remaining 2. The two sales for Overstreet North were in the Wetappo subdivision, which is a positive as there is an influx of lots available in that development. These sales averaged $29,375 and a typical 77 days on market. We have 16 lots under contract, often we see extended contracts in this market due to new mobile home placement coinciding with the land loan. As the Cape market there are 102 available lots available. The North Gulf County residential market stayed in line with June, closing another 5 homes. Three of the five were in the Wewa sub area, with the City of Wewa and White City each closing 1. Our average sales price and days on market aren’t so impressive at $118,680 and 142. August looks more promising with 9 homes under contract. This market is offering 29 homes however most are in need of repair and will not qualify for financing or are priced above the market average making for a challenging sale.
Port St Joe also back in its more normal range with 2 lot sales. One RV friendly in Highland View and the other in the City of PSJ. The two averaged $172,726 and 12 days on market, nice numbers for such few sales. Five contracts on hand will keep this market in line with it’s typical numbers. There are a mere 26 lots available, scattered across the area and a few that appear to be pre construction opportunities that may be best suited in the residential category. In the residential realm, PSJ closed 16 homes, just as last month we had 2 sales in Highland View and the remaining in the City of PSJ, several being new construction. As in other markets we saw a slow down in average sales price ($311,609) and an increase in days on market (48). Lord willing the 32 homes under contract will give us an amazing August! If you’re shopping this market, check out the 31 homes available here.
Mexico Beach closed 12 lots which is a little slimmer than last month but included several sales of covenanted and restricted subdivision lots. Mexico Beach closed 7 (1 Gulf front) and St Joe Beach closed the remaining 5 with an average sales price of $240,442 and 30 days on market. There are a mere 9 lots under contract, praying we can pull a few more within the coming weeks to keep this market in line with historical sales. There are 92 lots to choose from, as PSJ scattered without a big influx in one area or another. The residential market also had a slight fall from 24 to 18 sales in July. Our leader, Mexico Beach closed 7 of these homes, St Joe Beach and WindMark Beach each closed 5 homes while Beacon Hill brought the final. As in other markets our averages are down, $522,299 and 26 days on market. We have 26 homes under contract, with a little more than ½ being DR Horton new construction at WindMark Beach. They aren’t slowing down there, of the homes on market, more than 40 are DR Horton new construction, see everything available in our Mexico Beach home market here.
Team 98 continues to maintain its Top Producing Company status for Mexico Beach and North Gulf County year to date! While I personally have also maintained Top Producing Agent for the month and year to date in North Gulf County! Its your support, encouragement, and faith in us that affords this humbling status! THANK YOU!!