St Johns County Fl Real Estate Market Report May 2020
Includes single family homes in Ponte Vedra, Ponte Vedra Beach, St Johns, St Augustine, St Augustine Beach, Palm Valley, Vilano Beach, Nocatee Florida
We did see the median sales price for St Johns County was negative last month compared to a year ago. 232 less homes sold as well. It is interesting times happening right now. This could be our trend for the rest of the year, depending on how things play out and buyer’s confidence in the market. I know for some buyers, they want to buy regardless of our current situation. Rates are super low!
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 St Johns County, click the following link: Want to Search for Homes in St Johns County Florida Florida?
Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 342,000 and the other half were less than 342,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.51 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.
What’s my St Johns County Florida Home Worth?
Homes for sale in Northeast Florida:
