Real Estate in St Augustine Fl - Home Prices to Rise

By
Real Estate Agent with St. Augustine Realty

When dealing with real estate in St Augustine Fl, one of the first questions many potential buyers and sellers will ask is “are the current home prices expected to rise or fall over the coming months”?  I’m happy to report, if you are looking to sell real estate in St Augustine Fl, prices are reported to go up by more then 5 percent in the next 12 months. 

Florida Realtors News recently ran an article that stated Florida is one of four states where practitioners predict the biggest increase – as much as 5 to 7 percent.   Again, great news if you are looking to sell real estate in St Augustine Fl.  Tight inventories have helped raise the price of real estate in St Augustine Fl – as we all know, a sellers market is when the demand is larger than the supply. This means that buyers will have to spend more to get what they want. This is the ideal situation for sellers, because they get a great price on their homes.  A buyers market is just the opposite – more supply than demand. This is the ideal situation for buyers, because they can get a great deal.

So our current situation is a seller’s market for real estate in St Augustine Fl. I hope we all become a part of the selling and/or buying of these homes.

Below is a link to a video on YouTube about February numbers and pricing your home correctly the first time.  After all the end result is to get it sold ASAP.

Posted by

Clair Funk
Broker Associate
St. Augustine Realty
(904) 540-7700
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