Real estate market report for St Cloud FL July 2022 by Jeanine Corcoran broker for Corcoran Connect. Kristin Macari owner of Studio Nine 13 joins Jeanine as her co-host. Welcome to the 29th episode of Discover St. Cloud Florida.
Kristin started off by saying they have the real estate market update for July of 2022 to share with everyone. Jeanine reminded the audience for those that have not attended one of their podcasts that they break down the Saint Cloud market reports by zip code.
Jeanine started with zip code 34769. She said there were a total of 29 single-family homes sold in July. The average price per square foot was $234. There was a slight decrease of 1.20% when comparing July sales to June’s. Kristin added that it was a slight decrease and not an indicator of anything and for the year-over-year comparison the market is still up almost 27%.
Twenty-six of the twenty-nine homes sold in zip code 34769 were single-story homes Jeanine stated. She added that single stories sell at a higher price per square foot. This month was no different as the price per square foot for the single-story homes was $241.
There were 3 two-story homes that sold which was almost an 18% decrease versus June. However, Kristin noted that that data only involves three houses which are not enough to create a full picture of the market. She also noted that zip code 34769 is the downtown historic area where most of the homes are single-story so there will never be a lot of two-story homes sold in any given month. Kristin then called out the fact that there are 49 active properties at the time the podcast was aired and that is 1.1 months' supply.
Jeanine then moved onto zip code 34771 which is the most popular of the zip codes and the one in which their office is located. She said there were 73 homes sold in July versus 93 homes sold in June. Forty-two of the seventy-three homes sold were single-story homes with an average price per square foot of $241. The 31 two-story homes that sold had a price per square foot of $222. Jeanine believes the high price per square foot for the two-story homes was due to new builds.
Kristin and Jeanine both said there is a lot of new construction going on in zip code 34771. Kristin added that there are 287 active properties, and two-thirds of those properties are active construction. She said this means that they have a 3.9 months supply of inventory.
Kristin presented the stats for zip code 34772. There were 57 homes sold in this zip code. The average price per square foot was $234.32. This represented a year-over-year increase of 33.2% and a month-over-month increase of 7%. She continued that there were 45 single-story homes that sold and the average price per square foot was $238 and showed a 2% month-over-month increase.
There were 12 two-story homes that sold at an average price per square foot of $220.13 which represented a 31% increase month over month. Kristin continued that there are 12 active properties in zip code 34772 which is a 2.3 month’s supply.
Jeanine then reported on Saint Cloud zip code 34773 which includes Harmony. There were 30 sales in July. There were 22 single-story homes that sold with an average price per square foot of $222.75 which showed a 5.02% increase month over month. This left 8 two-story homes that sold with an average price per square foot of $180.85 which represented a decrease of 4.08% month over month. The year over year statistics showed a whopping 44.68% increase. There are currently 33 active properties in the 34773 zip code which is a 1.1 months’ supply.
Jeanine then singled out just Harmony property sales. There were just 10 homes sold in Harmony in July. Jeanine asked Kristin if there were any decreases? She replied there were some decreases starting with the Ashley Park townhouses that saw a month over month decrease of 4.84%. Kristin then reported on custom home sales where there was only one sale in July. She reiterated that one house does not equal a market.
We hope you enjoyed Jeanine and Kristin walking you through the real estate market report for St Cloud FL July 2022. Our goal is to keep you in the know with the housing market and statistics here in Saint Cloud, FL.
