Real Estate Market Report For Saint Cloud Florida March 2023

Real Estate Market Report For Saint Cloud Florida March2023 Shows A Traditional Spring Market

Real estate market report for Saint Cloud Florida March 2023presented by Jeanine Corcoran and her co-host Kristin Macari. Inthe 57th episode of the Discover St. Cloud Florida podcast,listeners can expect an informative and straightforwardconversation about what is happening currently in the St. CloudFlorida real estate market.

During the upcoming discussion, Kristin shared that they woulddelve into the happenings in the Saint Cloud Florida market duringMarch 2023.

Video Podcast ReviewingHousing Statistics In The St. Cloud FL Real EstateMarket

Jeanine started with Saint Cloud zip code 34769 which representsthe downtown area. There were 35 sales in the month of March.Twenty-nine of the properties sold were single-story homes and hada price per square foot of $239.56. There were 6 two-story homesthat were sold at a price per square foot of $176.09.

Kristin said the average price per square foot across the boardwas $228.68 and this zip code was up 3.7% versus February 2023. The market is up 11.9%versus March 2022. She said the days to contract were 25 and daysto close were 53. The days to contract and days to close were theexact same as last month so no change in this zip code. Kristinadded that there were 42 active homes on the market and with the 35sales in March it means that there is a 1.2 months supply ofinventory in zip code 34769.

Jeanine then reported on the sales in the busiest zip code inSaint Cloud, 34771. There were 104 homes that sold during March.Seventy-one of the homes that sold were single-story homes at aprice per square foot of $236.72. Thirty-three of the homes thatsold were two-story homes at a price per square foot of$197.07.

Saint Cloud FL Homes Sold In March 2023 For Zip Code34771 Was 104 Homes

Kristin said the overall average price per square foot was$224.14. Zip code 34771 is up 8.6% versus February 2023 and up 6.6%versus March 2022. The days to contract were 32 and days to closewere 64. There are currently 227 active homes on the market in zipcode 34771 and there is a 2.2 month’s supply ofinventory.

Moving onto Saint Cloud zip code 34772. Jeanine said there were57 properties that were sold in March. Forty-one of the homes soldwere single-story homes with a price per square foot of $224.64.The 16 two-story homes that sold had a price per square foot of$194.73.

Kristin added that the month-over-month averages, comparingMarch to February 2023 were up 2.6%, and year over year this marketsegment is still up 1%. The average days to contract was 58 and thedays to close were 94. There are currently 136 active homes on themarket which leaves a 2.4 month's supply of inventory.

Jeanine then reported on Saint Cloud Florida zip code 34773which includes the community of Harmony. There were 17 propertiesthat were sold in March. Thirteen of them were single-story homeswith a price per square foot of $214.65. There were 4 two-storyhomes that sold at a price per square foot of $180.53.

Harmony Homes Sold For The Month Of March

Kristin said month over month, this zip code is down 2.7%, andyear over year, the market is up .38%. She said the days tocontract were 5 and the days to close were 47. She said this wasthe quickest-moving zip code. There are 42 active homes on themarket leaving a 2.5 months’ supply of inventory.

Jeanine then moved on to Harmony homes sold specifically. Shesaid Harmony Main had 8 properties that sold in March. There weretwo single-story homes that sold at a price per square foot of$204.94 and the 6 two-story homes that sold had a price per squarefoot was $192.94.

Jeanine then reported on Ashley Park which had just townhomesand condos. The price per square foot for the properties sold was$167.55. For the resales, the price per square foot was $192.51.She said in The Lakes there was only one property that was soldwhich had a price per square foot of $204.89.

Reporting on Harmony West there were 12 properties that sold inMarch. There were 10 single-story homes that were sold with anaverage price per square foot of $217.56. The 2 two-story homesthat sold had an average price per square foot of $180.97.

St. Cloud FL Sales For Vacant Land March2023

Jeanine and Kristin then reported on vacant land sales in St.Cloud FL. Jeanine stated there were only 9 parcels of land sold inMarch. Normally, vacant land sales are in cash but this past month,3 of the 9 sales were done conventionally. The sales with the mostacres sold had 20 that went for $400K. There was another sale thathad 4 acres and went for $950K. Kristin said that weren’t anylarge parcels of land sold recently.

Kristin added that she felt like it is a traditional springmarket in terms of demand and buyers still wanting to purchase. Shecontinued that prices are still rising slowly but at a slower pacethan last year.

Jeanine commented that with the current market, it could take alittle bit of time to sell and that you must be patient. It couldsit on the market for 30 to 60 days and then take 30 days toclose.

We trust that you found the comprehensive analysis of the St.Cloud FL real estate market report for March 2023 by Jeanine andKristin to be informative. As a team, our commitment lies inkeeping you up to date with the latest trends, statistics, andadvancements in the Saint Cloud, Florida housing market. Ourprimary goal is to ensure that you are always well-informed andknowledgeable.