St Johns County Florida Market Report
Single Family homes (attached & detached)
Single Family homes in:
·St Johns County
·St Augustine Beach
·Ponte Vedra Beach
November 2011 November 2010
Active Listings: 1,688 Active Listings: 2,188
Sold: 190 Sold: 183
Months Inventory: 8.88 Months Inventory: 11.96
Average Price: 479,052 Average Price: 596,166
It seems that November flew by! Only one more market report for 2010 left to do. Little less inventory this month than in October 2011, but we saw 17 more houses sold last month than in November. We are still seeing improvements over last year overall, except if you compare the average prices above. I know it’s a little over 100k difference, but that difference comes from the price range 800k and above. All the other prices ranges, we see the average was higher in November 2011 than 2010, so again it doesn’t reflect what is going on in every price range.
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!