Housing Market Report For St. Cloud FL April 2022

Housing Market Report For St. Cloud FL April 2022 GivenBy Jeanine Corcoran

She is the broker of Corcoran Connect, a real estate company.She is joined by her co-host Kristin Macari owner of Studio Nine13. Welcome to the 19th episode of Discover St. Cloud Florida.

Kristin started by asking Jeanine what happened in the St. CloudFlorida real estate market in April? Jeanine replied that shealways starts by zip code because St. Cloud has so many. Startingwith zip code 34769 which had 41 homes sold in April.

Jeanine stated that they always separate one-story homes fromtwo-story homes when reporting housing statistics. She said the twoare apples and oranges. Appraisers will not appraise a single-storyagainst a two-story.

There were 37 one-story homes that sold in April with the priceper square foot being $221.77. Four two-story homes sold with aprice per square foot of $174.55. As we have reported many times,two-story homes always sell at a lower price per square foot thanone-story homes.

Kristin added that there was a 4% increase for one-story homessold in zip code 34769 and a 59% increase in two-story homes sold.She believes there must have been an outlier last month that led tothe sizable difference between the two this month.

Kristin said regardless, zip code 34769 is still increasing.This zip code almost doubled its sales from March to April 2022.There were 25 homes sold in March and 41 this past April. Jeanineadded that there are 32 actives and 70 pending.

St. Cloud Home Sales For April 2022 About The Same AsPrior Month In Zip Code 34771

Kristin asked Jeanine about zip code 34771. Jeanine said she has3 pages of statistics on this zip code. There were 71 sales inApril, 46 were one-story homes and 25 were two-story homes sold.Regarding the one-story homes that were sold the price per squarefoot was $249.50. The price per square foot for the two-story homeswas $188.67.

Kristin said the homes sold in zip code 34771 for April wereincreased versus March home sales. There was a 5% increase for theone-story homes and a 2% increase for the two-story homes.Seventy-five homes were sold in March and 71 homes were sold inApril 2022. Jeanine added that it is still the most active zip codewith new construction. There are 96 actives and 247 pending homesfor sale.

Moving on to zip code 34772 there were 43 homes sold in April2022. There were 28 one-story homes sold and 15 were two-storyhomes. The price per square foot for the one-story homes was$235.79 and for the two-story homes, it was $192.10.

Kristin added that there was a 3% increase in the one-storyhomes that sold over March and an 8% increase for the two-storyhomes that sold. She said it was a bit slower in April compared toMarch. There were 69 homes sold in March and 43 in April. Jeaninesaid that there are 47 active and 106 homes pending.

Harmony Florida Zip Code 34773 Saw A Slight Decrease InThe Price Per Square Foot Numbers

Jeanine said we then have our sleeper zip code, 34773, where itis quieter than the others. This zip code represents Harmony,Florida. There were 13 homes that sold where 9 were one-story homesand 4 were two-story. The one-story homes that sold had a price persquare foot of $198.42 versus the two-story homes which were$176.93.

Kristin added that this was the only zip code that saw a slightdecrease in their overall price per square foot numbers. Theone-story homes decreased by 2.5% and the two-story homes droppedby 19%. Jeanine said there are 17 active and 72 pending homes forsale.

Jeanine and Kristin then moved onto vacant land for sale in St.Cloud, FL. Jeanine said there were 21 parcels of vacant land thatsold in April 2022, and they all sold for cash except one. Kristinsaid that the piece of vacant land that sold for the highest amountoff Canoe Creek Rd went for $1,065,000 and included 16.57 acres.She added that the least expensive piece of vacant land that soldwent for $5K.

Jeanine said that vacant land is still selling and continues tobe a hot commodity. There is only so much land and Kristin said youbetter get it while you can. Kristin said it is good to see thatthe real estate market is still healthy. She feels that they arestill experiencing low inventory, particularly lower-pricedhomes.

First Time Home Buyers Getting Squeezed By HigherInterest Rates

Jeanine stated that even though interest rates have risen andare higher than they have been in sometime, historically, they arestill very low. She said that the first-time home buyers keep getting pushed outbecause of the interest rate increases. Florida’s interestrates are higher than the national average as they are approaching6.0%.

If there are other topics regarding the St. Cloud real estatemarket that you would like us to cover, reach out to us. We wouldlove to hear from you. If you have any subjects about Saint Cloudthat you would like us to report on, feel free to share them withus.

We hope you enjoyed Jeanine and Kristin walking you through thehousing market report for St. Cloud FL April 2022. We want to keepyou up to date with what is happening in the real estate market inSt. Cloud so you can make informed decisions when it comes to yourreal estate needs.