St John’s County Florida Real Estate Market Report December 2022

Single family homes in St Johns, St Augustine, Ponte Vedra Beach, Hastings and Nocatee

December saw an increase of the median sales price by 5.4% over December 2021. Almost double the amount of homes available, but even with an increase supply of homes, we are still in a seller’s market. We got so use to a hotter seller’s market that many are talking about a “bad” market. We are definitely in a shift.

Buyers this means you have more homes to choose from. Less bidding wars, which means you don’t have to go above list price by thousands of dollars. Yes, the interest rate is higher and that does have its negatives, so you have to weigh your situation out carefully.

Sellers you are still in a good position to sell, and if your goal is to buy, there are more homes for you to choose from. Make sure you do your repairs and price your house competitively. Have it looking show room ready. If you’re interested in finding out what your home is worth in today’s market click the red button below.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 489,000 and the other half were less than 489,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.58 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.