Cape San Blas Real Estate Market Week In Review - Sep. 6-12, 2008
By Sherri Dodsworth, PA
(Boardwalk Realty of NW FL)
It has been a busy week around here but this morning things are pretty much getting back to normal. Ike didn't interfere much with business, and real estate activity carried on. We end the week with a really nice 6% reduction in our overall inventory, coming in at 404 total active listings in the MLS for Cape San Blas, Indian Pass and the C-30 Corridor, down 27 from last week's 431 total. The big drop is with lots, down 24 to 236, primarily the result of an entire subdivision of lots listed for Cape Isle Preserve (just north of Stumphole) expiring and not renewing. Our home inventory is down 3, to 168 (vs. 171). In other activity, we had no closings (it's nearly impossible to close anytime there is a named storm within a 5-day range since companies will not issue insurance policies du...
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