Real Estate market trends St Augustine Florida
We seem to be picking up in the market here in St Augustine, which is normal for this time of the year. Though most buyers are looking for the "deal" of the century and some of the sellers are still unrealistic about their prices, so transactions are still down. These are the numbers for the same time last year compared to this year.
From Jan to Jul in 2006 - Total Townhouse/Condos Sold: 276
List to sell price for Condos: 93%
Total Residential houses: 1382 Average Days on Market 107
List to sell price for Residential 95%
From Jan to Jul 2007 - Total Townhouse/Condos Sold: 144
List to sell price for Condos 89%
Total Residential houses: 866 Average Days on the Market: 135
List to sell price for Residential 94%
With interest rates climbing slowly, it just may be the illusive "bottom" that buyers have been waiting for! With 3700+ listings (residential/condo/townhouse) in the St Johns Multiple Listing System, you defiantly have a great inventory to choose from. If you would like more information on our market, give me a ring!
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