Discover Saint Cloud, Florida: Episode 79, June 2024 Real Estate Market Insights & Analysis
Welcome to the latest installment of our St. Cloud, Florida real estate market update! In this blog post, we dive into the detailed statistics and trends from June across various zip codes in St. Cloud. Whether you're a prospective buyer, seller, or simply interested in the local market dynamics, this analysis provides valuable insights into pricing, sales volume, and emerging trends in different neighborhoods.
Video Podcast Showing June 2024 Real Estate Market Update For St. Cloud
Downtown St. Cloud (Zip Code 34769):
Downtown St. Cloud remains a focal point for real estate activity, with 25 homes sold in June. The area predominantly features single-story homes, though a few coveted two-story homes were also part of the market mix. Average prices per square foot stood at $243.45 for single-story homes and $214.58 for two-story homes. While prices showed a slight decrease month-over-month, the market maintained stability with marginal fluctuations compared to the previous year.
Zip Code 34771:
Zip code 34771, known for its bustling real estate scene, recorded 83 home sales in June. This area boasts a variety of single-story and two-story homes, reflecting diverse buyer preferences. Single-story homes averaged $233.51 per square foot, while two-story homes came in at $206.28 per square foot. Despite a slight decline in prices both month-over-month and year-over-year, the high sales volume underscores continued buyer interest in this vibrant community.
Zip Code 34772:
In zip code 34772, 46 homes changed hands in June, with single-story homes dominating the market (30 sales) over two-story homes (16 sales). Prices per square foot for single-story homes averaged $229.01, slightly higher than two-story homes at $210.02. Unlike some neighboring areas, 34772 saw a modest increase in prices month-over-month, coupled with a decrease year-over-year, signaling nuanced market dynamics and potential opportunities for both buyers and sellers.
Zip Code 34773:
Zip code 34773, characterized by its tranquil surroundings, recorded 25 home sales in June. The market featured predominantly single-story homes (17 sales) with fewer two-story homes (8 sales). Prices per square foot varied significantly, with single-story homes averaging $223.31 and two-story homes averaging $171.28. This disparity highlights unique market dynamics possibly influenced by availability and buyer preferences. Despite a slight month-over-month decrease, the area saw notable year-over-year price growth, indicating a resilient real estate market.
Harmony Community Insights:
In Harmony, a notable planned community, distinct sales trends emerged between Harmony Main and Harmony West. Harmony Main reported eight home sales, showcasing a mix of one-story and two-story residences with varying price points. Meanwhile, Harmony West saw a higher volume of transactions and slightly higher prices per square foot for new homes compared to other sections, reflecting varying demand and neighborhood dynamics within the expansive Harmony development.
Vacant Land and Investment Opportunities:
Beyond residential properties, St. Cloud also saw significant interest in vacant land, particularly in rural areas. With 14 transactions recorded in June, cash transactions predominated, underlining robust investor interest in land purchases despite the focus on residential real estate. High-value transactions were noted, signaling opportunities for land development and investment in the region.
Conclusion:
In conclusion, St. Cloud, Florida's real estate market in June showcased diverse trends across its vibrant neighborhoods. From downtown's stability to the bustling activity in zip code 34771 and the nuanced dynamics of 34772 and 34773, each area offers unique opportunities for buyers and sellers alike. Whether you're considering a move, investment, or simply staying informed about local market trends, understanding these insights can guide your decisions effectively. Stay tuned for more updates as we continue to explore the ever-evolving landscape of St. Cloud's real estate market.
Are you interested in buying or selling a home in St. Cloud, Florida? Contact us today to discuss your real estate goals with our knowledgeable team. Let's navigate the market together and find the perfect opportunity for you in this dynamic community.