How’s the market? April 2022

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)

 

About the Author
miranda@nefloridaproperties.com
It’s great to meet you. I’m truly honored that you are taking the time to learn about me and my expertise. Throughout my career I’ve had the privilege of being trusted with major clients, projects and roles, always giving my best, and with spectacular results. Born with a marketing mind, and after two decades of hands-on experience, I have fine tuned my craft. I love selling real estate and working with buyers. There are not many professions where you can help people in a significant way and make friends doing it!