St. Cloud FL real estate market overview for 2022. In this edition of the Discover St. Cloud Florida podcast, Jeanine Corcoran of Corcoran Connect and Kristin Macari of Studio Nine 13 will provide an in-depth analysis of the St. Cloud FL real estate market.
As experts in the field, Jeanine and Kristin will be discussing the latest trends, developments, and market performance in this episode of the podcast. Tune in to episode 49 of the Discover St. Cloud Florida podcast to stay up to date on the latest happenings in the St. Cloud FL real estate market.
Kristin pointed out that the difference in what they are reporting here on this podcast is they are using the median numbers in place of the average numbers. Doing this takes out of the equation any outliers which skew the numbers. Jeanine said that the January and June comparisons used in this podcast go up against December 2022.
Jeanine started reporting on zip code 34769. The days to contract for December 2022 were 23 and the days to close were 51. There were 22 homes that sold in December and the median price per square foot was $225.48.
Kristin stated they were comparing the numbers from December 2002 to the beginning of the year in January 2022. Jeanine said in January, it was taking 14 days to contact versus 23 days in December. It was taking 53 days to close in December versus 51 days in January. The median price per square foot was $196.42. There were 32 homes that sold in January versus 23 in December.
Kristin said if you look right now in St. Cloud FL zip code 34769 comparing December to January 2022 it took 1.6 times longer to sell a home and get it under contract. So, in December 2022 it is taking longer to sell a house compared to the beginning of the year last year. She also said the median price per square foot is still up 14.8% from January.
Next, Jeanine and Kristin went to the middle of 2022 and compared where the St. Cloud real estate market is now versus the middle of 2022. Jeanine said in June 2022, the number of days to contract was 7 and the number of days to close was 39. The median price per square foot was $246.64 and the number of homes that sold in June was 47. Kristin added that she thought that was unusual because that was the greatest number of homes sold in a month for zip code 34769 for 2022 and by summer it felt like things had calmed down.
Kristin said if you look at the numbers from June to December of 2022 it took about 3.3 times as long to sell a home. Homes were only on the market for 7 days and now it is taking 23 days. The sold price per square foot in June was down from $246.64 to $225.48 in December which represents a decrease of 8.6% in zip code 34769.
Jeanine then moved to zip code 34771 calling it the most active zip code in St. Cloud, Florida. Kristin reminded everyone that the stats they are going to share are void of new construction. Jeanine said the days to contract were 45 for zip code 34771 in December 2022 and the number of days to close was 63. The number of homes sold in December was 27 and the median price per square foot was $223.75. She said that is a low number of homes sold because all the new builds were removed.
Jeanine then gave the numbers for January 2022 for zip code 34771. The number of days to contact was 15 and the number of days to close was 62. There were 44 homes sold in January and the price per square foot was $195.83.
Kristin added that if you look at January through December 2022, it is taking about 3 times as well to sell a home now versus the beginning of last year. The median price per square foot is up 14.3%, from $195.83 to $223.75 representing a healthy gain there.
We hope you enjoyed Jeanine and Kristin walking you through the St. Cloud FL real estate market overview for 2022. We will continue to cover the trends, and how we see 2023 playing out in the real estate market.
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