Northwest St Johns County Real Estate Market Conditions & Reports, Northwest St Johns County Market Trends, Florida

Market Commentary Provided by Vitel Realty Group
Due to the excellent school district, reasonable housing prices and well developed communities, sales continue to be relatively strong in this area. We are looking forward to a strong showing in 2009 with housing drivers like the Jacksonville Port Authority’s pending opening and many businesses moving into the area.

Report Date

Fall 2009

Search For Homes in Northwest St Johns County
City:
Property Type:

Minimum Price	Maximum Price

Min. Beds	Min. Baths

CONNECT WITH A LOCAL PROFESSIONAL

Vitel Realty Group
Keller Williams Realty Atlantic Partners
Jacksonville, Florida
904-534-8052
homes@firstcoasthomesales.com
Agent Home Page

Nearest Metro Area

Jacksonville/ St. Augustine

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Inventory Comments

We are currently looking at about 6 months worth of inventory on the market. This is an extreme decrease from the 2 years of inventory that we have seen in the last couple of years. Home sales prices appear to have stabilized and we have a solid resource of buyers in the area.

Average Home Price

$275,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$1,000,000+

Compared to Last Year

Down 25-30%

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Multiple Offers Commentary

WE are seeing many short sale homes with multiple offers.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Northwest St Johns County is

Increasing

Seller Activity for the past 90 days in Northwest St Johns County is

No Change

Is Financing Available For Qualified Buyers in Northwest St Johns County?

Yes

Comments on Financing For Qualified Buyers

NW St. Johns County homes qualify for a variety of financing options including conventional, FHA, VA and most will even qualify for USDA.

Existing Home Prices for the past 90 days are

No Change

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

30-35%

Housing Hot Spots

St Johns Golf and Country Club, South Hampton and Cimmarrone.

Reason to Buy/Sell

Good economic news

Average Sold Price

$275,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

Click here for full article...