Saint Cloud FL real estate market report for August 2022 by Jeanine Corcoran broker for Corcoran Connect. Kristin Macari owner of Studio Nine 13 joins Jeanine as her co-host. Welcome to the 33rd episode of Discover St. Cloud Florida.
Kristin opened by asking Jeanine what happened in the Saint Cloud real estate market in August 2000. Jeanine replied that they always like to report with separate zip codes, so she started with 34769. There was a total of 41 single-family homes sold in August. Thirty-four of those properties sold were one-story homes and 7 were two-story homes.
The one-story homes sold in zip code 34769 had a price per square foot of $242.82 and the two-story homes were $173.75. Kristin added when comparing the properties sold to last month there was only a small difference. She said sales were up less than 1% on one-story homes and down less than 2% when comparing home sales from July to August.
Kristin added that the new metric, average days to contract, that she and Jeanine started tracking is about the same month to month. The metrics for those in August were 13 days to contract and 50 days to the closing. Kristin also said there is about 1.4 months’ worth of inventory and Jeanine stated that is still so low.
Jeanine said that right now buyers are taking their time and several contracts had fallen through which never happens. Kristin closed out zip code 34769 by stating that the price per square foot average is down 1.3% and up 19.6% year over year through August.
Jeanine reported on what is usually the busiest of all the zip codes in Saint Cloud and that is 34771. She said there were 103 homes sold in August where 68 were single-story homes and 35 were two-story homes. The single-story homes have an average price per square foot of $238.91 and the two-story homes at $191.
Kristin added that the total average price per square foot was $222.74 which is down 4.2% this month versus last month. When comparing year-to-date numbers in August 2022 versus through August 2021, there is a 10.8% increase when reviewing the average price per square foot.
Kristin added that when she and Jeanine did this report last month for July, there was a 3.9-month supply of inventory in zip code 34771. When reviewing the current inventory through August there is only a 2.8-month supply of inventory.
She also added that in July there were 287 homes available homes on the market and at the end of August there were 289 homes available. In July, there were 73 homes sold and in August there were 103 homes sold. Kristin stated that out of the 103 homes sold in August only 35 of those were resales the balance was new construction. Zip code 34771 is still a hot happening zip code in Saint Cloud FL.
Jeanine then reported on zip code 34772 where there were 56 homes sold in August. Of the 56 homes that were sold, 48 were one-story homes and 8 were two-story homes. The average price per square foot for the one-story homes was $234.25 and for the two-story homes, the average price per square foot was $177.55. This gives an overall average price per square foot of $226.
Kristin stated that the $226 average price per square foot in zip code 34772 is up year over year by 36.8%. When you compare August to July 2022, there was a 3.5% decrease. She said the inventory was roughly the same metric as last month coming in at 2.4 months’ supply. The days to contract was 18 whereas in July it was 23. The average days to closing is 54 whereas in comparison in August of 2021 this number was 67 days to closing.
Jeanine then moved onto zip code 34773. She said there were only 30 homes sold in August. Twenty-four of them were single-story homes and six were two-story homes. The average price per square foot for all of them was $218.47. Regarding the one-story homes, the average price per square foot was $228.55 and for the two-story homes, it was $178.16.
Kristin added that the overall average for the price per square foot month over month was up 3.3%. When you compare year-to-date numbers versus the same time last year the price per square foot is up 34.6%. She said the average days to contract is 9 whereas in July it was 15. The average days to close was 53 and the current inventory supply is 2.4 months.
We hope you enjoyed Jeanine and Kristin walking you through the Saint Cloud FL real estate market report for August 2022. Our goal is to keep you in the know about the housing market and statistics here in Saint Cloud, FL.
