St Johns County Real Estate Market Report May 2023

This report is for single family homes in the following areas……St Johns, Orangedale, Switzerland, Nocatee, St Augustine, Ponte Vedra, Ponte Vedra Beach and Julington Creek.

Everyone wants to know what the price is doing, so we will start with that first. The median sales price in St Johns County was negative 1.86%, which is a difference of about a 11k. Not huge at all. If you scroll down you will see that we are still in a seller’s market, with a little less of 3 months of inventory. That means if we had no more new listings, the active amount of listings would take about 2.72 months to sell, based on what sold last month.

Buyers it’s still better than a year ago, because you have more homes to choose from. If you would like to see what is available on the market click the link below.

Sellers is is still a good market for you, and the great part is that you have more homes to choose from also. Wanna see what you could potentially sell for in today’s market?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 562,500 and the other half were less than 562,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.72 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.