St. George Island and St. Joe Beach Carry a High-Dollar Week as Summer Inventory Keeps Building
Mid-June on the Forgotten Coast has its own flow. The lots at Salinas Park fill up before nine, the tarpon start rolling off the Cape, and the heat settles in for the long haul. This week's market moved the same way the fishing did. Not crowded, but the ones that hit were big.
Nine homes closed across the coast, and the dollar figures behind them ran high. A pair of $1.25 million sales on St. George Island and a five-home run at St. Joe Beach and Mexico Beach set the tone. Meanwhile inventory kept stacking up the way it does each summer, which keeps buyers in a comfortable seat.
What is the Forgotten Coast real estate market doing this week?
For the week of June 8–14, 2026, the Forgotten Coast recorded 9 residential closings and 2 land sales across Port St. Joe, Cape San Blas, St. Joe Beach, Mexico Beach, and St. George Island. Active inventory sits at 630 residential listings with roughly 16.2 months of supply, which is firmly a buyer's market. The homes that did sell skewed expensive, averaging about $740,000, so well-priced and high-end properties are still finding buyers even as the overall pool grows.
The Week at a Glance
Coast-wide, residential activity totaled 9 closings against 630 active listings and 18 homes under contract. Sale prices ran from a low of $243,950 up to $1,590,000, with the average landing near $740,000. That average is high because the volume this week came from the upper end of the market rather than the entry level. When two identical million-dollar-plus sales close in the same seven days, the math leans that direction.
The bigger story is supply. At the current pace, the coast is carrying about 16.2 months of residential inventory. Anything north of six months tilts toward buyers, so we are well past that line. Sellers who price to the data are still getting to closing. The ones reaching for last year's number are watching their listings age.
Port St. Joe
Port St. Joe turned in a steady, middle-of-the-market week. Two homes closed at an average of $366,500, with sales spanning $273,000 to $460,000. That is the kind of price band that actually moves around here, the second homes and full-time buys that keep the town humming rather than the trophy properties.
Inventory in town stands at 104 active listings with 5 under contract. It is the most balanced submarket on the coast right now. Buyers have selection, but the well-kept homes priced in that mid-three to mid-four range are the ones writing contracts.
Cape San Blas and South Gulf
Cape San Blas and the South Gulf stretch had a quiet week on the closing side, with zero residential sales recorded. That is not a red flag so much as a snapshot. The Cape carries 145 active listings and has 6 homes that went under contract this week alone, so there is plenty in the pipeline waiting to cross the line in the coming weeks.
This is the most inventory-heavy beachfront submarket on the coast, and it tends to trade in bunches. A slow closing week here often gets followed by a cluster. Buyers eyeing the Cape have leverage and selection right now, which is exactly when the smart ones go shopping.
St. Joe Beach and Mexico Beach
This was the engine of the week. St. Joe Beach and Mexico Beach combined for 5 closings, more than any other area, at an average of $686,770. The spread tells the real story. Sales ran from $243,950 all the way to $1,590,000, which is about as wide a range as you will see in a single submarket in one week.
That range is what makes this stretch of coast interesting. You can find a modest cottage and a high-end Gulf view build trading in the same seven days. With 259 active listings, this is also the deepest inventory pool on the coast, and 5 homes are under contract behind this week's closings. Strong turnover plus deep supply is a healthy combination
St. George Island
St. George Island made the loudest noise this week. Two homes closed, both at $1,250,000, the highest average sale price on the coast by a wide margin. Identical numbers like that usually mean the upper tier of the island found its buyers, and on St. George that tier moves on lifestyle as much as price.
The island holds 122 active listings with 2 under contract this week. Inventory is lighter here than at the Cape or St. Joe Beach, and the high-end buyer pool stayed active. Picture a wide beachfront porch and a view that goes uninterrupted to the horizon. That is what closed here this week, twice.
The Land Market
Vacant land stayed slow, which is normal for this point in the season. Two lots sold across the coast, one on Cape San Blas at $35,000 and one on St. George Island at $108,000. Land inventory remains deep at 383 active listings with 9 new parcels under contract.
Cape San Blas and St. Joe Beach carry the bulk of the lots, at 136 and 141 active respectively, while Port St. Joe stays tight at 27. For buyers who want to build rather than buy, this is a patient market with room to negotiate. Land sits longer than homes out here, and sellers know it.
What the Pace Tells Us
Run the numbers forward and the picture is clear. Nine closings a week works out to a projected pace near 39 residential sales per month. Set that against 630 active listings and you land at roughly 16.2 months of supply. That is a buyer's market with real negotiating room, especially at the Cape and along St. Joe Beach where inventory runs deepest.
The flip side is that quality still sells. The high-end closings on St. George Island and the five home week at St. Joe Beach prove buyers will move quickly when a property is priced right and shows well. Deep inventory does not mean a dead market. It means a selective one.
Covering the Whole Coast
This weekly report tracks residential and vacant land activity across the entire Forgotten Coast, including the Port St. Joe real estate market, the Cape San Blas housing market, Mexico Beach and St. Joe Beach property sales, and the St. George Island market. Each week we pull the active listings, closings, pricing, and inventory trends so buyers and sellers can see exactly where the market stands rather than guessing from a headline.
Key Metrics Summary
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Area Detail
| Residential by Area | Active | Under Contract | Sold | Avg Sale Price |
|---|---|---|---|---|
| Cape San Blas / South Gulf | 145 | 6 | 0 | — |
| Port St. Joe | 104 | 5 | 2 | $366,500 |
| St. Joe Beach / Mexico Beach | 259 | 5 | 5 | $686,770 |
| St. George Island | 122 | 2 | 2 | $1,250,000 |
| Coast-Wide | 630 | 18 | 9 | $740,000 |
| Vacant Land by Area | Active | Under Contract | Sold | Avg Sale Price |
|---|---|---|---|---|
| Cape San Blas / South Gulf | 136 | 4 | 1 | $35,000 |
| Port St. Joe | 27 | 2 | 0 | — |
| St. Joe Beach / Mexico Beach | 141 | 3 | 0 | — |
| St. George Island | 79 | 0 | 1 | $108,000 |
| Coast-Wide | 383 | 9 | 2 | $71,500 |
Thinking About Making a Move?
If you're thinking about buying or selling this summer and want a straight read on what the data means for your situation, reach out. No pressure, just a real conversation about the market from someone who lives and works here.
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