St Johns County Florida Market Report
Single Family homes (attached & detached)
Single Family homes in:
·St Johns County
·St Augustine Beach
·Ponte Vedra Beach
October 2011 October 2010
Active Listings: 1,728 Active Listings: 2,305
Sold: 207 Sold: 170
Months Inventory: 8.35 Months Inventory: 13.56
Average Price: 482,905 Average Price: 489,232
As you can see from the picture above, we do have some fall color. That was taken about a week ago and the temp was around 81 that day. Love that temp in November! Just wanted to go back in time and take a look at the real estate market in St Johns County Florida in October 2005. There were a total of 1,008 available listings. 183 sold listings. Our months inventory was at 5.51. And that’s for every price point total. The average sales price was 451,464. Just think, we sold more in October 2011 than October 2005, we just have 720 more homes available. Not a huge difference in the grand scheme of things really. Still slight improvements in the months inventory this month vs September 2011. Average price is down from September.
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!