How’s the market? February 2022

As Florida continues to top the list of states to people are moving to, we continue to see less available inventory, less days on market and increases in home prices across all markets.

New construction homes are quickly supplementing the lack of inventory. New builds are showing handfuls of availability for homes that are due to be completed in the next 5-7 months.   Some builders are starting to freeze future sales to better manage timing and expectations.

We find that buyers that are relocating are often seeking lifestyle properties like condos with boat docks, golf and waterfront views.  You can now see pages on our site showcasing these specific listings, better serving those with specific interests.

If you’re considering selling your property in the next 12 months, keep in mind our general market conditions, and how they impact pricing.  Mortgage rate hikes can reduce the number of buyers in the market at the pricepoint they are approved for, impacting demand, which in turn influences market pricing.  Even in the past two months we have seen fluctuation as rates are up and down.  There is no crystal ball but we continue to closely monitor.  If you’d like a comparative market analysis on your property let me know.

Market Highlights

  • ACTIVE LISTINGS –30% less inventory compared with the same time last year.
  • HOMES SOLD – Over 20% less homes sold
  • DAYS ON MARKET – Median days on market in Palm Coast has reduced to 2 days (!!!), from 6 days last month! Augustine shows 19 days on market as the current median.
  • SALES PRICE – Both Ponte Vedra Beach and St. Augustine lead the way with average sales prices increasing.

Regional Highlights

  • PALM COAST – Fastest moving market in the region with now only 2 days on market! Sale prices are edging up.
  • ST. AUGUSTINE – Sales prices increasing by 26% offset by 25% less listings.
  • JACKSONVILLE BEACH – Sale prices increasing with a median time on market of two weeks.
  • PONTE VEDRA BEACH – Large list prices in smaller inventory market can quickly show high percent increases that might not be indicative. Active listings down for this market by 34%.


Median List Price $474,945 (22%) $399,000 (16%) $864,900 (57%) $1,597,500 (87%)
Median Sale Price $415,000 (26%) $335,000 (11%) $530,000 (11%) $625,000 (25%)
Median DOM 19 (-40%) 2 (-92%) 14 (-63%) 20 (-13%)
# Active Listings 458 (-25%) 45 (-22%) 53 (-29%) 74 (-34%)
# Homes sold 265 (-28%) 29 (-17%) 42 (-19%) 49 (-29%)
Notes 57% homes sold $300K-$499K Palm Coast is hot with only 2 DOM! Jump in list price, market speeding up with less DOM 38% of homes sold were $750k+

SOURCE: RealMLS/NEFAR, Residential, February 2022

About the Author
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!