Real estate signs positive in Gulf County

Construction

Gulf County has experienced the highest lot sale numbers since 2005.

Wes Locher
Published: Thursday, September 26, 2013 at 10:33 AM.

If suddenly you feel like you see a new home being built every time you turn around in Gulf County, you’re not crazy.

According to numbers provided by the Gulf County Building Department, 60 single family home building permits have been issued so far this year with a $16.5 million valuation, up from last year’s 38 total permits totaling $9.5 million.

“There’s a marked increase in permits, and it’s going to keep going,” said Steve Newman, managing member of Big Fish Construction. “One of the reasons is the pin-up demand and every aspect of building a home is cheaper now.”

Natalie Shoaf, a realtor with the Gulf the Coast Real Estate Group agreed.

“It’s up,” she said. “It’s easier to get lot loans. Some local banks are doing them and it makes life a lot easier.”

Shoaf said that so far in 2013, lot sales were currently at 214 sold, up from last year’s 203 with an average price tag of $61,000-$78,000 for Gulf County.

“St. Joe Beach is up and we’re selling more in WindMark,” said Shoaf.



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