Real estate market report for St. Cloud FL September 2022 presented by Jeanine Corcoran and Kristin Macari. Jeanine is the broker for Corcoran Connect and Kristin is the owner of Studio Nine 13. They will be walking through what happened in the St. Cloud FL real estate market during the 37th episode of Discover St. Cloud Florida.
Kristin started by asking Jeanine what happened in the different zip codes for Saint Cloud in September? Jeanine replied that they always like to start with zip code 34769. She also reminded all listening in that what they report are single-family home sales only.
Jeanine reported that there were 31 homes that sold in zip code 34769 and 30 of them were single-story homes with only one two-story home sold. The price per square foot was $217.71 for single-story homes and $155 for two-story homes.
Kristin added that month over month the price per square foot is down 6.6% in zip code 34769, however, it is still up 13.9% over last year at this time. Kristin added that things are changing in the market and that the indicators like “days on market” “days to contract” and “days to close” are climbing.
She said sellers are usually slower to react to the actual market. Kristin said the average days to contract are 34 and the average days to close are 76. When comparing these numbers to August the average days to contract was 13 and now that has more than doubled in the last 30 days. The current inventory is a 1.4-month supply which is the same as last month.
Jeanine then moved the conversation to real estate transactions in zip code 34771 which usually has the most home sales. There were 64 sales in September and of those 39 were single-story homes while 25 were two-story homes sold. The price per square foot for single-story homes was $235 and for two-story homes, it was $196.
Kristin shared that the average overall price per square foot for zip code 34771 was $219.84 which is down 1.3% versus last month but versus this time last year is up 17.8%. The average days to contract was 32 days and the average days to close is 65. She said the current inventory is a 4.2-month supply. Kristin said to keep in mind that there is a lot of new construction which is influencing this number as you can’t close if the month isn’t finished.
Jeanine then reported home sales for St. Cloud zip code 34772. She said there were 40 homes sold in September. There were 28 single-story homes that sold with an average price per square foot of $212 and there were 12 two-story homes that sold at $188 price per square foot.
Kristin added that the overall price per square foot was $204.57 which is down 9.5% versus last month but that it is still up 8.3% versus this time last year. She said the average days to contract is 33 and the average days to close is 64. The average month’s supply of inventory is 2.4 months.
The next zip code is 34773 which Jeanine said had 18 homes sold in September where 10 of the 18 were single-story homes sold at a price per square foot of $242.85. The remaining 8 sold were two-story homes at an average price per square foot of $177.57.
Kristin reported the month-over-month numbers where the overall price per square foot was $213.83 which is down 2.1% but is still up 29.7% year over year through September. The average days to contract is 25 and the average days to close is 60. She said there is a 1.3 months’ supply of inventory.
We hope you enjoyed Jeanine and Kristin walking you through the real estate market report for St. Cloud FL September 2022. Our goal is to keep you in the know about the housing market and statistics here in Saint Cloud, FL.
