Is The Real Estate Market in St Johns County Fl Crashing?
This report covers single family homes in St Johns, Julington Creek, Ponte Vedra, St Augustine, Nocatee, and Switzerland.
St Johns County is showing a positive median sales price in April over last year in the same month. The month’s inventory has risen, because we saw an uptick in the amount of homes available on the market. That’s not a bad thing as it gives more homes to choose from for buyers. Sellers it’s still a good market to sell in.
To check out what the mortgage rates are at today, click on Mortgage Daily News for that information.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 587,500 and the other half were less than 587,500.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.10 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.
