St Johns County Florida Market Report
Single Family homes (attached & detached)
Single Family homes in:
·St Johns County
·St Augustine Beach
·Ponte Vedra Beach
January 2011 January 2010
Active Listings: 2,045 Active Listings: 2,085
Sold: 161 Sold: 120
Months Inventory: 12.7 Months Inventory: 17.38
Welcome to your St Johns County Florida Market report for January 2011! It’s always a good thing to see improvements over the previous year. Running neck and neck in the total available listings, but 41 more homes sold in January 2011 than in January 2010. What does it mean by the months inventory? This is the absorption rate, meaning that based on the active listings, which is 2,045 and on the sold homes, which is 161, it would take12.7 months to sell those houses at the current inventory level (active listings). If the current inventory level exceeds 6 months or more, then it’s considered a buyers market. 5-6 months, is a normal or balanced market. As you can see, we are still heavy into a buyer’s market, but much improved over last 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!