St Johns County Fl Real Estate Report Aug 2023

Includes single family homes in St Johns, St Augustine, Nocatee, Ponta Vedra, Fruit Cove, Orangedale, Switzerland and Julington Creek.

Inventory levels crept up and we saw less homes sold in August, so that caused the months inventory level to rise. Still showing a seller’s market. The median sales price less than 5k difference in August of this year compared to August 2022. Scroll down to check out the rest of the stats.

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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 550,000 and the other half were less than 550,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.73 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.