St Cloud FL real estate market report for October 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 presenting what happened in the Saint Cloud Florida real estate market during the 41st episode of the Discover St. Cloud Florida podcast.
Kristin asked Jeanine what happened in the Saint Cloud FL real estate market in October? Jeanine answered that we always like to report real estate transactions by zip code as each one is diverse.
Jeanine started with St Cloud zip code 34769 which includes the historic part of downtown St. Cloud. For October Jeanine said there were 34 homes that were sold. There were 29 one-story homes that were sold and 5 two-story homes. The price per square foot for the one-story homes was $224.76 and $171.12 for the two-story homes.
Kristin added that zip code 34769 is holding steady. She said the price per square foot went up half a percent and year over year is still up 18.9%. The days to contract are 35 and 67 days to close. Kristin said this shows that it is taking a bit longer for things to move.
Jeanine then moved to zip code 34771 which is where her real estate company office is located in. There were 86 homes sold in this zip code in October. Fifty of them were one-story homes at a price per square foot of $239.30 and the remaining 36 homes which were two-story homes came in at $191.00.
Kristin said the average price per square foot overall at $218.95 is holding steady down only .4%. Year over year this zip code is still up 14%. She said the days to contract are 35 and 79 days to close.
Jeanine then reported zip code 34772 numbers where 45 homes were sold in October. Thirty-eight were one-story homes at $126 price per square foot. The 7 remaining homes sold were two-story homes and their price per square foot was $194.30.
Kristin said the average overall price per square foot for 34772 was $212.71 and up by 4% month over month. Year over year, that zip code is up 6.5%. Days to contract is 21 and days to close is 70.
Jeanine commented that it is interesting seeing the days to close increasing quite a bit. Typically, an average closing takes 30 days. Buyers might be giving sellers more time to stay in the home for various reasons and that could be adding to the days to close increase.
Moving onto zip code 34773 which does include the community of Harmony. There were 22 homes that were sold in October. Of the 22 homes that sold, 15 were one-story homes at a price per square foot of $229.48. The 7 two-story homes sold at a price per square foot of $181.26.
Kristin said the average overall price per square foot was $214.13 holding steady showing a .14% increase. The year-over-year averages are up 22.3% for the price per square foot which is a healthy increase. She said the average days to contract is 30 and the average days to close is 64.
We hope you enjoyed Jeanine and Kristin walking you through the St Cloud FL real estate market report for October 2022. Our goal is to keep you in the know about the housing market and statistics here in Saint Cloud, Florida.
