Tag: investing

Cape San Blas closed 4 lots in December.  The C30 corridor delivered 2 of our sales, including a Bay front lot. Indian Pass and Cape San Blas North each closed on a lot.  The North Cape sale was also a Bayfront lot.  The four sales averaged a price of $262,500 over a 67 day period.  For the year, the Cape San Blas market closed 60 lots for an average sales price of $267,234 in an 88 day marketing period.  Activity has significantly picked up with 10 lots currently under contract.  For those still looking we have 127 options to choose from.  December was a bit slower but delivered a nice Gulf front home sale at $1,725,000 after a mere 19 days on market.  For the 2025 year, there were 97 home sales, at an average price of $1,034,278 and an average 170 days on market.  As in vacant land, things have certainly ramped up, bringing 14 contracts.  Currently, there are 99 homes for sale in the Cape San Blas area.

North Gulf County had a good December, with 7 land sales.  The White City sub area lead the way, with 3 of our sales, while Howard Creek, Dalkeith, Wewa and the City of Wewa each closed one lot.  These transactions averaged a price of $46,143 with a painful 221 days on market. For the 2025 year, this market produced 76 sales, with an average price of $57,232 over a 135 day period. As seen in other markets, 2026 is off to a nice start with 6 lots under contract.  As of now, we have 74 lots available. I look for that number to increase in the coming weeks, with many waiting until after the holidays to put their property on market. As for home sales, North Gulf County closed 4 homes in December, 2 in the City of Wewa, one each in Dalkeith and White City. These sales average a price of $166,500 in a 48 day period.  For the year, we closed 48 homes with an average sales price of $188,294 in a 76 day marketing period. We’re bringing in the new year, strong with 7 homes under contract, leaving 36 for the taking, again with more to come.

Port St Joe delivered 2 December sales.  An improved RV site in Highland View and a 1.5 acre property comprised of multiple lots in the City of PSJ which boosted our average sales price to $915k and brought the days on market down to 2.  For the year, the Port St Joe market closed 45 lots with an average sales price of $317,804 in an average of 84 days on market. For now, there’s just one lot under contract, and 34 pieces of vacant land available.  The Port St Joe market is the only market that maintained sales from November to December with 9 closings.  The average home price was $324,856 after 172 days on market. There were 142 homes sold in this market during 2025.  Those homes averaged $4043,717 after 107 days on market.  As in other markets, things are picking up in the new year with 16 homes under contract. There’s a nice variety of 80 homes available.

Mexico Beach didn’t have a super exciting December, but managed to close a nice beachside lot on Circle Dr at $517,500 in a mere 4 days on market. For the year, they fell just under the North Gulf County market with 67 lots sold, at an average price of $241,281 with an average of 94 days on market.  Kind of wild to see that the average sales price of lots are similar to what we saw for average home prices 10 years ago.  January is off to a much better start with 6 lots under contract.  Options a plenty, see all 112 here. Residential sales certainly slowed in December from November with just 10 closings. These 10 sales averaged a price of $505,153 in a 121  day period.  For the year, the Mexico Beach market delivered 214 sales at an average price of $587,184 in a 115 day marketing period.  Clearly, the holidays are behind us and folks are shopping again, with 21 homes under contract.  As in other markets where DR Horton is present we have a plethora of options available, see all 175 here.

I hope everyone had a beautiful holiday season, and your new year is off to a great start! As we embark on 2026, we’ve been blessed with few super cold days, and lots of beautiful sunsets.

Team 98 is proud to announce we finished the 2025 year as Top Producing Brokerage MLS wide and continued to dominate the North Gulf County, Mexico Beach and WindMark Beach markets! Its all about you, the amazing customers who allow us to do what we do!   

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!