St Johns County Fl Real Estate Market Report September 2022

Includes single family homes in Ponte Vedra, Ponte Vedra Beach, St Johns, St Augustine, St Augustine Beach, Palm Valley, Vilano Beach, Nocatee Florida

Inventory levels went up yet again. About 100 houses more on the market, but despite what you hear on the news…..we are still in a seller’s market.

Did you know that when people read that there are changes in the real estate market, even when there’s not, they make decisions based on it, so then it can come true?

So, what does this mean for sellers? Your house needs to be show ready. Can’t be dirty or need lots of repairs. You can’t just throw any price at the wall and it will stick. Builders are offering incentives now.

How about buyers? You have a little more choices and you don’t have to help the seller move now. 🙂 You can ask for repairs and maybe not even have to waive the appraisal contingency.

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:

[su_button url=”http://northeastfloridalife.idxbroker.com/idx/homevaluation” target=”blank” background=”#245368″ color=”#f2f0f0″ size=”9″ center=”yes” radius=”0″] What’s My St Johns County Home Worth?[/su_button]

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 516,000 and the other half were less than 516,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.09 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.