Clay County Fl Real Estate Market Report October 2020

Clay County Fl Real Estate Market Report October 2020

Includes single family homes in Orange Park, Fleming Island, Green Cove Springs and Middleburg Florida

Couple of things I want to point out on this report. Look at the original list price to sales price below. 97.6% is the figure. So that means homes are selling at 97.6% of their original list price. So on average, that’s a difference of 2.4%. So, what this means for sellers. You’re getting close to list price for your home. Buyers, this means when you make an offer of, let’s say, 10k-15k less on a 250k home, you’re not getting that home. Not to sound harsh, just being real, you have to make your offers competitive or you’re not gonna win the bid.

The next thing I want to point out is the months inventory of 1.46. That means if no other homes come out on the market, it will take 1.46 months to sell the current inventory level. I haven’t seen inventory levels that low, not even in 2005. No one has a crystal ball, but it can’t last at this rate. Right now in Clay County, there are 26 single family homes available, 200k and under. That’s typically first time home buyer prices. Price them out, and the real estate market changes.

You might be wondering how these stats apply to your home, each neighborhood is different, so if you’re thinking of selling and want to know more click:

If you’re a buyer and want to see what homes are available in Clay County, click the following link: Want to Search for Homes in Clay County Florida Florida?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 239,900 and the other half were less than 239,900.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 1.46 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

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