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 2012 January 2011
Active Listings: 1,649 Active Listings: 2085
Sold: 188 Sold: 120
Months Inventory: 8.77 Months Inventory: 17.38
Average Price: 614,111 Average Price: 533,500
What a difference a year makes! St Johns’ months inventory is almost cut into half this month versus January 2011. The average price is also up this month as well. Still in a buyers market until we see the months inventory drop in the 6 month range. March starts our hot selling season, so it will be interesting to see if we start to see our market stable by summer time.
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!