April statistics paint a picture of a market that continues to tighten and home prices are stronger than ever. Compared to the same time last year, the market is showing price increases of 28-42%, which also means that your home value will have increased. (Please let me know if I can do a free equity analysis so you know where you sit in the market now!)
Our regional highlights show more homes for sale in Palm Coast however with only 4 days on market things are moving fast. Data shows less homes available to sell in Ponte Vedra Beach as the area maintains a strong list price. St. Augustine remains strong with the same scenario as we have seen in previous months as this Seller’s Market continues.
Market Highlights
- ACTIVE LISTINGS – Listings down across all markets compared to the same time last year.
- HOMES SOLD – Palm Coast is the only city where the number of homes sold are up, all other markets are down.
- DAYS ON MARKET – Two weeks in all areas except Palm Coast which is 4 days.
- SALES PRICE – Sale price up by 28-42% in all markets.
Regional Highlights
- PALM COAST – Increase in homes sold by almost 40%, and less days on market.
- AUGUSTINE – Sale prices up by 32% compared with the last time with lower number of homes for sale.
- JACKSONVILLE BEACH – Pricing up by 40%, with inventory down 36%
- PONTE VEDRA BEACH – Large spike in median list price with almost 40% less homes sold than this time last year.
RESIDENTIAL DATA – NORTHEAST FLORIDA
| APRIL 2022 | ST. AUGUSTINE | PALM COAST | JACKSONVILLE BEACH | PONTE VEDRA BEACH |
| Median List Price | $496,900 (+24%) | $458,900 (+23%) | $889,000 (+42%) | $1,595,000 (+70%) |
| Median Sale Price | $465,990 (+32%) | $387,000 (+28%) | $765,000 (+40%) | $1,000,000 (+42%) |
| Median DOM | 15 (-34%) | 4 (-82%) | 13 (0%) | 13 (+8%) |
| # Active Listings | 475 (-11%) | 41 (-2%) | 73 (-7.6%) | 110 (-2.7%) |
| # Homes Sold | 341 (-22%) | 58 (+38%) | 53 (-36) | 67 (-37.4) |
