How's the Real Estate Market??
Saint James City, FL
Single-Family Homes
Astrid Hartleb | 239-558-1130 | https://affinityswfl.com
Saint James City, FL
Wed Jul 15 2020
This week the median list price for Saint James City, FL is $272,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has held steady at or around 48.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.
Real-Time Market Profile
| Median List Price | $272,000 | |
| Per Square Foot | $225 | |
| Days on Market | 209 | |
| Price Decreased | 38% | |
| Price Increased | 2% | |
| Relisted | 10% | |
| Inventory | 48 | |
| Median Rent | $2,425 | |
| Most Expensive | $2,499,900 | |
| Least Expensive | $98,000 | |
| Market Action | 35 | |
| Slight Seller's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $899,700 | 2,636 | 0.25 - 0.5 acre | 3 | 3 | 19 | 0 | 1 | 223 |
| $407,450 | 1,714 | 0.25 - 0.5 acre | 3 | 3 | 22 | 1 | 3 | 309 |
| $239,000 | 1,182 | 6,500 - 8,000 sqft | 2 | 2 | 35 | 0 | 4 | 150 |
| $152,000 | 1,040 | 0 - 4,500 sqft | 2 | 2 | 38 | 1 | 3 | 152 |