St Augustine, St Johns County Real Estate & Home Staging

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Worried about foreclosures hitting the St Johns, FL real estate market

No matter how we try to instill the message that the St Johns, FL real estate market has changed, inventory is low and homes are selling, there are those that want to throw cold water hoping to douse the flames of decision. One of the most common things we hear is that while inventory is low right now, there is this glut of housing just waiting to get dumped into our market through bank owned foreclosures. Well, I say ... BRING IT ON! 

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Taking a look at real estate inventory in St Johns, FL

 
foreclosures in st johns flThe truth is that home buyers ready and willing to buy in St Johns, FL are having a tough time of it, especially first time homeowners. There just isn't enough inventory. Let's take a look at some of our area neighborhoods, for homes under $200,000
 
Heritage Landing, a large planned community, has only two homes available for sale under $200,000. One of these is a short sale, the other a foreclosed property. 
 
Julington Creek and World Golf Village have no homes currently listed under $200,000. 
 
Looking at all of area 30 (NW St Johns County), and excluding short sales, there are currently only six 3-bedroom single family detached homes, and seven 4-bedroom single family homes.
 
In other words, if you are a home buyer in this price range, you have almost nothing to look at. To be honest, the vast majority of these active listings are foreclosures. Right now, first time home buyers in St Johns County could use some of those foreclosed homes to be released to the market. 
 

Now is the time to buy and sell a home in St Johns, FL

 
It took years to help home sellers understand that home prices were falling and that what they paid for their home was no longer consequential in the list price. Buyers simply didn't care. Today we have to have the same conversation with home buyers. It no longer matters that they've heard they can get the deal of the century, or that this sellers are lucky to have any buyer so they'll take ridiculous offers. 
 
Today's St Johns, FL real estate market has shifted to a seller's market, at least in most price points.  If you are looking for a home and find one you like, you had better make an offer today, and it probably needs to be a really good one. You should also be prepared to be in a multiple offer scenario. If the first time home buyer property you like is listed on Monday, don't think you can wait until Saturday to view it. It will probably already be under contract. 
 
 
If you are thinking of selling a home in St John's, FL, now is a GREAT time! While you won't get what you paid for it in 2007, if you price the home properly and it shows well, then expect a busy showing schedule. 
 

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 Author Bio: Melissa Marro, Home Staging Industry leader, Realtor, and entrepreneur offers a unique perspective on New Home Construction, Resale Residential Real Estate, and Home Staging

For more information on buying or selling in the Fleming Island, Orange Park, or Jacksonville, area, visit StageListSellNEFL.com or call Melissa Marro (marro.melissa at gmail.com), Keller Williams First Coast Realty, for more information (904-466-2093).

 

Comment balloon 2 commentsMelissa Marro • February 22 2013 02:48PM
Worried about foreclosures hitting the St Johns, FL real estate market
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No matter how we try to instill the message that the St Johns, FL real estate market has changed, inventory is low and homes are selling, there are those that want to throw cold water hoping to douse the flames of decision. One of the most common… more