St. Augustine Real Estate Blog: Market Update on Homes For Sale in Saint Augustine Florida

The information provided here is provided by Team Johnson of Watson Realty Corp located in Saint Augustine Florida. TEAM JOHNSON is available to assist buyers and sellers with homes for sale in Saint Augustine Florida. We are available to help from preview to purchase, to answer questions about home ownership, and assist home sellers to get their properties sold as quickly as possible and for top dollar. For all your real estate questions call Team Johnson today.

The residential market of homes for sale in Saint Augustine Florida is continuing to climb. The number of new listings in 2013 vs. 2012 rose almost 16%. The average sales price increased 8.78% from $197,031 to $214,349. Further good news, the average days on market for homes for sale in Saint Augustine Florida decreased 13.27% from 156 days to 135 days.

The overall inventory of available homes for sale in Saint Augustine Florida is extremely low. Interest rates, though rising, are still at historic lows. Florida has also seen an increase in population. It has overcome New York as the 3rd most populous state. Due to the increase in population, low interest rates, and low inventory, demand for Florida homes is high and will continue to drive the price of homes up. According to John Tuccillo, the Florida Realtors® economist, we should “expect sales to rise about 10-12% in the coming year, and home values should increase as well.”

Overall, every line item statistic is looking very good in that the available inventory of homes for sale in Saint Augustine Florida continues to shrink and buyer demand is still currently strong. Buyers, if you have been waiting for the best price and best interest rate, you need to act now. Prices are going up and so are the interest rates. Don’t get left behind. Any of the members of Team Johnson of Watson Realty Corp would welcome the opportunity to find you your new home.

Sellers/Owners if you have been waiting for the market to rebound so you can sell, the time might be now. Many Floridians have already seen and increase in the value of their home. Want to know where you stand? Call Team Johnson of Watson Realty Corp. We perform detailed reports for you so that you know exactly how much your home is worth. This will help you determine whether now is the right time to sell. We put our customers best interests ahead of the sale.