St Johns County Florida Market Report
Single Family homes (attached & detached)
Single Family homes in:
·St Johns County
·St Augustine Beach
·Ponte Vedra Beach
February 2012 February 2011
Active Listings: 1,663 Active Listings: 2095
Sold: 173 Sold: 171
Months Inventory: 9.61 Months Inventory: 12.25
Average Price: 512,483 Average Price: 740,290
It seems that St Johns County is seeing a step back in February vs last month in January 2012. Months inventory up and average price down, but not to worry, March begins our busy season in real estate and we are still seeing improvements from a year ago and at the rate we’re going, this time next year we could see St John’s real estate market in a balanced and stable market. Great news!
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!