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February Real Estate Market Update for St. Johns County, FL

Updated: Mar 24


a city background with a First Coast Realty for sale/sold sign
Real Estate Market in St. Augustine, FL-February 2024

Welcome to the Monthly St. Augustine Market Report for February 2024. In this month’s update, readers will find a comprehensive overview of the latest real estate trends and statistics, ensuring they remain well-informed and engaged in the market dynamics. Whether one is considering buying or selling, this report aims to provide valuable insights.


The geographical scope of this market update encompasses St. Johns County, FL, which includes prominent areas such as St. Augustine, St. Augustine Beach, Vilano Beach, Ponte Vedra, Ponte Vedra Beach, Elkton, Hastings, Nocatee, and several smaller regional areas. If your specific area of interest is not mentioned, please don't hesitate to reach out to us using the contact information provided below. We are readily available to prepare a customized market update tailored to your needs. Additionally, it's worth noting that our office extends its coverage to Flagler, Putnam, Duval, and Clay counties.


Keep reading as we delve into the latest trends and statistics shaping the real estate landscape in the St. Augustine area and beyond. Let's embark on this informative journey together.


Low Inventory, High Demand: 

Get ready for some exciting insights from the month of February! 📊 The latest stats reveal a 3.64 Months Supply of Inventory in the market, showing a slight uptick from the previous month. Translation? There's a variety of homes available, but don't hit the snooze button—your dream home could vanish before you know it! 😱 Over the past year, we've seen a 4% increase in Months Supply of Inventory. 📈 This shift suggests an evolving market landscape, making now the ideal moment to seize the opportunity and make your move. 🏡💨 Don't let the perfect home slip through your fingers—let's turn those dreams into reality today! ✨

graph of St. Augustine Month Supply of Inventory
St. Augustine FL Real Estate | February 2024 Months Supply of Inventory

Speedy Sales: 

graph of St. Augustine List to Sold Price Percentage
St. Augustine Real Estate | Feb '24 Median Days on Market

Hold onto your hats because here comes the scoop! 🎩⏰ The median days on market clocks in at 65, showing a slight uptick from the previous month. While this turnaround time is still impressively brisk for our area, it's worth noting a gentle slowdown compared to last year's pace. 🏃‍♂️💨 But fear not! With homes moving swiftly, now's the time to jump on the opportunity before the market's rhythm changes its tune. 🎶🏠 Let's stay ahead of the curve and find your perfect match in record time! 🚀




Close to Asking Price: 

Graph of St. Augustine list to sold price percentage
St. Augustine Real Estate | Feb '24 List to Sold %

Alright, buckle up because we're diving into the nitty-gritty with List to Sold Price percentage! 📈 Currently hanging tight at 97.4%, it's holding steady just where it was last month. 🤝 This tells us one thing: homes are still flying off the shelves at prices close to their listing tags, but we're not seeing any upward leaps just yet. 🏠💸 So, if you're a buyer itching to snag that perfect pad, remember: tread lightly in negotiations or risk watching your dream home slip through your fingers! 🕵️‍♂️💼 Let's navigate these waters together and secure that winning deal! 💪🔒



Median Sold Price: 

Let's wrap up with a glance at the median Sold Price in St. Johns County, currently standing at $454,195. This figure serves as a crucial indicator of property values in our area, offering a reliable reference point for both buyers and sellers. It represents the midpoint of all homes sold, showcasing the market's overall health. However, it's important to note that this isn't an average; it's the middle ground where some properties sell above and others below. Despite its fluctuations—this number has dipped around 4% from last month—it remains a valuable tool for understanding market dynamics and making informed decisions.

graph of St. Augustine median sold price
St. Augustine FL Real Estate | February 2024 Median Sold Price

So What Does This Mean For Buyers and Sellers?

St. Augustine Real Estate Market Update
St. Augustine Real Estate | Jan 2024 Real Estate Market Update

As we wrap up this market update, I want to remind you that these numbers are based on current data and trends. Real estate is constantly evolving, and it's important to consult with a professional to get personalized advice based on your unique situation. If you're thinking of buying or selling a home in St. Johns County, Florida, remember that the agents at First Coast Realty are here to help you navigate the market with confidence. Please feel free to reach out to us at the contact information provided below. We look forward to assisting you in achieving your real estate goals.



 

Whether you are looking to buy or sell, First Coast Realty would welcome the opportunity to earn your business. Feel free to reach out to us on Facebook or Twitter and we would be happy to assist you in getting the ball rolling. Or, to talk to a qualified, experienced agent call/text today 904-494-8408 or email info@firstcoastrealtyinc.com


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