Peggy Gachet's Real Estate Advise and More

What does the real estate market look like in my neighborhood, Marsh Creek Country Club of St. Augustine?

During the year of 2013 there were 23 houses sold in Marsh Creek Country Club of St. Augustine.  In 2014 that number went up to 29.  The prices have improved with the increase in sales primarily due to limited inventory.  During the worst of the down turn prices fell over 50%.  Inventory of available homes to purchase hovered around 40.  During 2014 that number averaged around 25 and as of today, January 2, 2015, the number of homes available for sale is 11.

In fact out of the last four sales we've made in Marsh Creek, three never made it to
Multiple Lists before they sold.


Has the market recovered?  Not entirely but I'd say it's well on it's way.  With such limited inventory it will be difficult to maintain a strong number of sales.

(Photo of wildlife in Marsh Creek by Dan & Bob Dorrill)

Peggy Gachet's Real Estate Advise and More

If you think a new water heater or air conditioner is needed this year you may want to research your options before the need arises.  New regulations will impact the price.

Educate yourself before shopping!



http://rismedia.com/2015-01-01/new-regulations-affect-homeowners-in-2015/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

Peggy Gachet's Real Estate Advice and More!

This is one of the best articles I've read that supports ownership vs. renting.  The prices are improving in our market primarily due to a limited supply.  This is especially reflective of specific neighborhoods.  Condo prices are still depressed but improving though at a slower rate than single family homes.  Financing limitations has more to do with that fact.  Read and Enjoy!
https://news.fidelity.com/news/news.jhtml?cat=Economy.US&articleid=201501011204MRKTWTCHNEWS_SVC000055&IMG=N