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)
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.
According to Florida Realtor.org, Florida was ranked number 2 in the number of short sales approved during the month of October, 2013. Likewise, Florida remains riddled with Foreclosure sales with Orlando and Jacksonville leading the state in the number of foreclosure auction sales.