St Johns County Real Estate Report June 2023

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

If you look at the month’s inventory below in the chart, you will notice that less homes have sold and there were more available homes in June 2023 compared to last year in the same month. Yet, we still see a seller’s market. You’re not hearing that from the media. Real estate is very local, so you need to get down into the trenches locally to see what the exact truth is. Scroll down for the latest chart showing the real estate market for St Johns County.

Have questions? Don’t be shy or worried you’ll be harassed by a crazy real estate agent. I love answering questions and educating you on the local area, the home buying and selling process, without the pressure!!! Reach out by calling or text: 904-910-3516

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 555,000 and the other half were less than 555,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.73 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.