After seven years of desultory news on property values and real estate activity in the county, a light appeared at the end of the tunnel.


After seven years of desultory news on property values and real estate activity in the county, a light appeared at the end of the tunnel.



After several years of double-digit drops and seven years of decline, property values remained relatively stable, falling by less than 1 percent county-wide.



That was far below last year’s 7 percent decline and indicated that while prices might not be a full rebound, interest in property is picking up.



That was also reflected in building numbers.



According to numbers provided by the Gulf County Building Department and local realtors, family home building permits have doubled from 2012 with values nearly doubling.



Lot sales were up by large percentages in St. Joe Beach and WindMark Beach and Port St. Joe realized a marked increase in commercial development, particularly with the opening of the Dollar Market General.



One local realtor said they were looking at the most home purchase closings since 2005.



While the number of sales increased, prices were remaining below the spike seen in the middle of the prior decade.



In South Gulf County, there was a slight drop in sales balanced by an increase in average prices per sale.



Wewahitchka real estate was up in sales and prices.



After too many years of bad news on the property-value front, many had reason to exhale at least lightly this year.