St Johns County Fl Real Estate Update April 2024
Includes single family homes in St Johns, St Augustine, Nocatee, Ponta Vedra, Fruit Cove, Orangedale, Switzerland and Julington Creek.
The median sales price jump up by 29k in April 2024 compared to 2023 in the same month. Still a seller’s market at 3.84 months of inventory.
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Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 585,000 and the other half were less than 585,000.
Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.84 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.
