Spring is starting to stir on the Forgotten Coast, and the market is moving with it. Quietly and selectively, but moving. The week of March 9 through 15 brought ten residential sales and four land closings across the coast, with activity spread wider than you might expect given the broader inventory picture. More telling than the sales count this week is what is sitting under contract: eleven residential properties and four land parcels have buyers locked in and heading toward the closing table. That pipeline matters.

Picture yourself standing at Indian Pass at first light, the bay glass-flat, a heron picking its way along the shallows like it owns the place. It does, really. That is the Forgotten Coast in March. Unhurried, beautiful, and increasingly on the radar of buyers who have done the math on what this kind of coastline is actually worth. The numbers from this week reflect exactly that tension: patient sellers holding their ground, and buyers who know a good thing when they see it.

The Market at a Glance

Across all four market areas, there are 584 active residential listings and 370 active land parcels. Ten homes closed this week with prices ranging from $278,000 to $1,330,000, a spread that tells the whole story of this coast in a single data line. The projected monthly residential sales pace sits at roughly 43 homes per month, which puts the current months-of-supply at about 13.5. That is a buyer's market by any measure, and buyers with well-prepared offers are finding real room to negotiate in most areas.

Thirteen-plus months of inventory is not a crisis. It is a landscape. Buyers have options. Sellers who price right are still closing.

Port St. Joe

Port St. Joe had the most productive week of any area in pure residential transaction volume: three sales and three more properties going under contract. Prices ranged from $289,900 to $425,000 with a weekly average of $340,300. That average puts the Joe squarely in attainable territory for buyers who want a real town with a real main street, a working waterfront, and a lifestyle that does not require a trust fund to access. With 99 active residential listings, buyers here have meaningful selection. On the land side, Port St. Joe showed zero closings this week but picked up two new contracts. This is worth watching as a leading indicator for the spring.

Cape San Blas and South Gulf

Cape San Blas posted two residential sales ranging from $368,000 to $825,000, with an average of $596,500, the second-highest average of any area this week. That spread reflects what the Cape actually is: a coastal market where a modest cottage and a beachfront retreat might both be sitting in the same MLS search results. With 123 active homes and only two contracts signed this week, buyers are taking their time, and the data supports that patience. The land market showed two closings between $112,500 and $195,000, which is real money moving on Cape parcels. Two properties went under contract on the residential side as well.

St. Joe Beach and Mexico Beach

The St. Joe Beach and Mexico Beach corridor led all areas in residential sales this week with four closings. Prices spanned $278,000 to $700,000 and averaged $472,625. Four sales in a single week from this corridor is notable. It suggests buyer momentum in a market that stretches from entry-level coastal homes to fully rebuilt, post-Michael premium inventory in Mexico Beach. The pipeline looks active too, with three more properties under contract. This is an area to watch for continued movement into spring. One land parcel closed at $78,000 and another is under contract. Largest active inventory on the coast is here at 233 residential listings, which means the most selection for buyers willing to do the homework.

St. George Island

St. George Island recorded one residential sale this week, and it was a statement: $1,330,000. That is the single highest sale price on the coast this week and a reminder that St. George operates in a category of its own. The island had three properties go under contract, real activity at the premium end, with 129 active listings. On the land side, one parcel sold at $1,325,000 and another is under contract. When land itself is closing at over a million dollars on St. George, the market is communicating something clear about what this barrier island geography is worth to the right buyer.

The Land Market

Four land parcels closed this week from $78,000 to $1,325,000, and four more are under contract heading toward closing. That under-contract number is important new context. It is the first week this report is tracking that data point, and it tells a story about buyer intent that the sold column alone does not capture. Port St. Joe's land market moved two parcels into contract with zero closings, which is consistent with a steady drip of buyer interest in an attainable price range. St. George Island's $1,325,000 land closing confirms that premium undeveloped Gulf-front and bay-front acreage is still transacting at full premium. Across all four areas, 370 active land parcels are listed, a substantial inventory that gives buyers real options and real time to be selective.

Market Pace and What It Means

Ten homes sold, eleven went under contract, and 584 are still listed. The math resolves to roughly 13.5 months of residential inventory at the current pace, a number that unambiguously favors buyers when it comes to negotiating leverage. That said, elevated inventory does not mean prices are collapsing. St. George Island's single sale at $1.33M this week is a data point that speaks for itself. What the 13.5-month supply does mean is that buyers who are patient, prepared, and working with someone who knows this coast have a real structural advantage right now. The under-contract column, new this week, adds a dimension to that picture. Eleven residential properties moving toward closing suggests that despite the broad inventory, the right properties are still finding motivated buyers.

This weekly report covers residential and land activity across Port St. Joe, Cape San Blas, Mexico Beach, St. Joe Beach, and St. George Island, the full Forgotten Coast market from the bay to the Gulf. Each week's data reflects active listings, closings, and now pending contracts, giving buyers and sellers the clearest possible window into where the market actually stands.

A Closing Thought

March on the Forgotten Coast has its own particular quality. The snowbirds are here. The weekend traffic is picking up. The oyster bars are full on Friday nights. And the buyers who flew down in February and fell in love with this place are now starting to get serious. Eleven properties under contract in a single week says something. The coast is unhurried, but it is not sleeping.

If you are watching a property, this is the kind of market where knowing your numbers and knowing the coast is the difference between landing something right and watching someone else close on it. That is what this report is here for.