St Johns County Florida Real Estate: Market Report July 2012

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St Johns County Florida Market Report Fort in St Augustine Florida

Single Family homes (attached & detached)

July 2012

Single Family homes in:

St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra 

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

 

 

July 2012                        July 2011

Active Listings: 1,602                 Active Listings: 1,931

Sold: 281                                  Sold: 204

Months Inventory: 5.70            Months Inventory: 9.47

Average Price: 518,463             Average Price: 587,733

The real estate market in St Johns is telling a little different story than the real estate markets in Clay County and Jacksonville. St Johns sees an improvement in July 2012 over June 2012. Big difference in the months inventory from last month and last year in July! A balanced market is one, where the months inventory is around 6 months, anything above that is considered a buyers market, while anything below that is a seller’s market. We are starting to dip into a seller’s market, which will be good news for seller’s needing to sell.

St Johns County Florida Real Estate Market Report July 2012

 St Johns County Florida Market Report July 2012

And now for a Blast in the Past…………..

St Johns County Florida Real Estate Market Report July 2011

St Johns County Florida Market Report July 2011

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales

 

Want to know what these numbers mean to you when selling your St John’s County Florida Home? Call me at 904-910-3516 and find out!

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