Home Sales Rebound

By
Real Estate Agent with Riverside Homes

Today's St. Augustine Record - Front Page News - "Home Sales Rebound".  What music to this agents ears!  Good news about the real estate market on the front page.

Prices Falling Sales Increasing

The Record also reported "this recent activity comes from low mortgage rates and low home prices.  But David A. Denslow, a professor and economist with the University of Florida's Bureau of Economic and Business Research, offered another reason. He said square-foot prices for homes  in St. Augustine are selling for 60 percent of the national average."

There are a few other factors that may explain our increase such as concerns about investing assets the unsettling stock market a very cold winter up north. 

Here are some stats that were cited "total residential sales countywide amounted to 249 for a total of $76.5 million. In addition, 52 condos sold for a total of $10.7 million and 77 residential lots sold for $4.8 million."

St. Augustine homes are selling 60% below the National Average?  What a bargain for buyers.  The combination of reasonable interest rates and great prices in our area has proved that it truly is a buyers market.  Looks like the sales numbers are proving it.

This is the time of year that the Snowbirds start to return to our beautiful city and many recognize that now is the time to buy. Thank you St. Augustine Record for reporting some GOOD NEWS for a change.  The buying public needs reassurance that buying a home now is a smart choice.

Marjorie Taylor is a licensed Real Estate Broker and community leader representing Homes in St. Augustine.   She is passionate about helping clients buy and sell Homes in St. Augustine and Homes in St. Augustine Beach, Florida.

904-591-9121

Marjorie@MarjorieTaylor.net

www.MarjorieTaylor.NET

Posted by

Marjorie Taylor, REALTOR

Marjorie Taylor, is a licensed Real Estate Broker representing Riverside Homes  and is a Certified Stager with VIP Staging and Home Management.  A community leader, active in the St. Augustine Regional Council, Taylor is past Director and Technology Committee Chairman of the St. Augustine St. Johns County Board of REALTORS.  A Certified Home Stager, she is professionally educated and trained, having earned the designations of CDPE, CRS, CSP, e-PRO, GREEN, GRI, TRC.  View the Model Homes in St. Augustine

Marjorie is passionate about St. Augustine and the needs of her clients. Past recipient of the Entrepreneur of the Year - Women’s Council of REALTORS St. Augustine Regional.

904-591-9121

MTaylor@MyRiversideHome.com

MyRiversideHome.com

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Topic:
Real Estate Market Trends
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Florida St Johns County Saint Augustine
Groups:
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1st Time Buyers
POSITIVE ATTITUDE for the Weary Soul
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homes in st augustine
homes in st augustine beach
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Rainmaker
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Kevin Vitali
EXIT Realty- Massachusetts Short Sales & Residential Sales - Tewksbury, MA
Helping Massachusetts Home Buyers and Home Sellers

Nice to know there is some positive news about the real estate market out there.

Jan 25, 2009 11:42 PM #1
Rainer
215,890
Gail MacMillan
Titusville, FL

Hi Marjorie- Yes, great positive news for a change.  What is the price per square foot now in St. Augustine?  PPSF is a strong indicator of current market conditions.  One of the stats, though, I find confusing: "total residential sales countywide amounted to 249 for a total of $76.5 million"  What am I missing to understand the 249 units?  Nice meeting you, have a great week :-)

Jan 26, 2009 12:22 AM #2
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Rainmaker
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