Cape San Blas had three lot sales in December. Two in the Cape San Blas South sub area, with the final at the Waters Edge subdivision on C30. The average sales price was $101,500 in a 100 day period. We have4 more lots under contract and 97 on market. For the 2024 year there were a total of 69 lots sold averaging a sales price of $338,070 in a 111 day period. The number of sales is down from 2023’s 98, however the sales price is up by $36,037, the days on market increased by 11. This market only delivered one home sale in Decemb at Indian Pass with a price of $610k after 132 days on market. Things are certainly looking up for January with 9 homes under contract, leaving 107 still to choose from. For the year there were 76 homes sold with an average sales price of $1,149,861 in a 107 day period. Compared to 2023 the number of sales is down from 99, sales price is up by $133,539 and the days on market nearly doubled. Many would say a higher sales price is well worth the delayed time.
North Gulf County closed 4 lots in December, which is fairly in line with their typical production. Two of these sales were in Wewahitchka sub area, while White City and Overstreet North each closed one. The average sales price was $88,500 in a 61 day period. Currently, there are 11 lots under contract and 84 active listings. For the year this market closed a total of 83 lots with an average sales price of $59,438 in 96 days. 2023 delivered 124 sales at an average of $55k in a 99 day period. Shockingly there weren’t big differences in the two years for North Gulf County. In the residential realm, we had two sales in the City of Wewa, averaging a price of $235k with 153 days on market. There are two more under contract and 23 on market. For the year, we sold 53 homes, at an average of $205,852 over a 62 day period. Compared to 2023 home sales and days on market are only down by 6 and the sales price was up by $33,554. 2024 may have brought the highest average sales price we’ve ever seen in this market!
Port St Joe closed a lot in Jones Homestead and City of PSJ in December, averaging $118,750 with an average of 185 days on market. This is the only lot under contract and these 43 lots remain. For the year we closed 31 lots at $211,565 in 104 days. Looking back at 2023, we were down by 3 sales, up by $1,395 in sales dollars but saw nearly an additional month of marketing time. December actually closed one more home than in November. Of the 8 sales, Oak Grove delivered one, the remaining were in the City of PSJ sub area. They averaged a price of $375,942 in an average of 85 days. There are a whopping 17 homes under contact and 97 on market. For the year, PSJ closed 118 homes at a price of $416,344 in a 71 day period. Compared to 2023 the average sales price ($374,217) was up, the number of sales (122) was down but days on market were identical.
Mexico Beach land sales increased by 1 from November with 5 closings. St Joe Beach delivered 2 sales (1 Gulf front) which boosted the average sales price ($701,700), Beacon Hill, Mexico Beach and Overstreet South all closed one lot. The average days on market was 73. There are currently 5 more lots under contract. and 104 for the taking. In all of 2024 the beaches market closed 93 lots at an average of $240,149 in 89 days. Land sales are only down by 2 from last year, sales price is down by 22,462 and days on market are down by nearly 30 days. Overall I’m surprised by the mild fluctuation in these numbers across many markets, as this year has felt much slower than the numbers reflect. In the way of homes, December finished out the year with 15 sales. St Joe Beach closed 6, Mexico Beach 5 (1 Gulf front condo, 1 Canal front condo), WindMark Beach 3 and Beacon Hill 1. The average sales price was $381,320 over a 98 day period. Year to date this market closed 216 homes at a sales price of $592,105 in 89 days. Much of this production is related to the new construction by DR Horton on the West end of the beach and at WindMark Beach. In 2023 this market closed 270 homes, at $604,463 in 103 days, so we are down a bit in all three areas.
Locally, it COLD and not much going on this month. We’re all looking forward to the warmer days and activities of Spring! For the first time ever, Team 98 finished the year as the Top Producing Brokerage MLS wide!! For the last 12 years we’ve finished as the Top Producing Brokerage in the Mexico Beach market and 5 years running with that title in North Gulf County. We can’t thank YOU the for allowing us this privilege without you this wouldn’t be possible! Happy New Year, Stay Warm!
Gulf County & Mexico Beach Real Estate 