St Johns County Fl Real Estate Market Update February 2023

Single family homes in St Johns, Ponte Vedra, Ponte Vedra Beach, Nocatee, St Augustine, Orangedale, Switzerland, and Julington Creek.

The median sales price in St Johns County saw a decrease this February, compared to February 2022. However, we are still in a seller’s market, with a slight lean towards a more balanced real estate market. The inventory levels have more than doubled from last year, so we are no longer seeing that crazy market with tons of offers and prices that are off the charts.

Buyers don’t be shy, come check out homes for sale where you have more choices to choose from and without crazy terms.

Sellers I know you think you missed the boat, but now, you can sell your home and not worry that you won’t find one to buy. Would you like to see what your home is worth in today’s market? Check out the link below.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 445,000 and the other half were less than 445,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.93 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.