St Johns County Florida Market Report
Single Family homes (attached & detached)
Single Family homes in:
·St Johns County
·St Augustine Beach
·Ponte Vedra Beach
December 2011 December 2010
Active Listings: 1,698 Active Listings: 2161
Sold: 232 Sold: 225
Months Inventory: 7.32 Months Inventory: 9.60
Average Price: 516,913 Average Price: 479,286
Don’t worry, the sock buddy in the above picture is completely harmless! 🙂 Not huge differences this month over November 2011, but we did see the average price rise, the amount sold go up, inventory levels went up just a tiny bit and the months inventory went down. Did you know a balanced market is one that has about 6 months of inventory? Take a look at the chart below, showing 300k and below, both price ranges are below that 6 month balanced market. Things are looking up, just in time for the new year!
And now for a Blast in the Past…………..
Active Listings– The amount of active listings in the month reported
Sold– The amount of sold listings that closed in the reported month.
Months Inventory– How many months it would take to sell the current inventory based on the sold amount.
Avg Sale Price– Average sale price of the sold houses in the reported month.
SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.
Days on the Market– The length of time it took the house to get under contract from list date.
Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).
Sold Short Sales– How many homes sold, that were short sales
Want to know what these numbers mean to you when selling your St John’s County Florida Home? Call me at 904-910-3516 and find out!