St. Cloud FL Real Estate Market Report For December 2022

St. Cloud FL Real Estate Market Report For December 2022
St. Cloud FL Real Estate Market Report For December 2022

St. Cloud FL Real Estate Market Report For December2022 Discussing Market Sentiment

Jeanine Corcoran, broker of Corcoran Connect, and herco-host Kristin Macari, the owner of Studio nine 13 will bediscussing today’s market sentiment. You will learn whathappened in this real estate market report in St. Cloud FL lastmonth in December. Welcome to the 48th episode of the Discover St.Cloud Florida podcast.

Jeanine started the December 2022 recap with St. Cloud zip code34769.  There was a total of 25 homes that were sold lastmonth. Twenty-two of the homes sold were single-story homes andthree were two-story homes. The single-story homes had an averageprice per square foot of $228.26 and the two-story homes had aprice per square foot of $156.78.

Video Podcast ReviewingHousing Market Statistics In Saint Cloud FL For December2022

Kristin added the overall month-over-month averages on the priceper square foot that found zip code 34769 was down a little at 2.7%but up 11.1% for the year. She added that there is a 2.5-monthsupply of inventory for that zip code. Jeanine said that is stilllow. A normal real estate market carries around a 3-4 months’supply of inventory.

Jeanine then moved to Saint Cloud zip code 34771 where therewere 71 homes that sold in December. Thirty-two of the 71 homessold were single-story homes at $224.55 price per square foot. The39 two-story homes that sold had an average price per square footof $196.50.

Saint Cloud Florida Homes Sold During December 2022 inZip code 34772

Kristin reported that the overall month-over-month price persquare foot numbers were almost exactly even so no change there.Year over year, zip code 34771 is still up 5.3% and there is a 3.8month’s supply of inventory. She added that is a healthysupply of inventory and Jeanine commented that there is a lot ofbuilding going on in that zip code.

Jeanine then reported that there were 52 homes sold in zip code34772. There were 42 single-story homes that sold at an averageprice per square foot of $219.98. The 10 two-story homes that soldcame in at an average price per square foot of $189.43.

Kristin added that the overall month-over-month price per squarefoot was down slightly at 3.8% and year over year this zip code isup 13.8%. There is a 3 month’s supply of inventory onhand.

Jeanine moved onto St. Cloud zip code 34773 which includesHarmony. There were 15 homes that sold in December. Ten of the 15homes that sold were single-story homes and had an average priceper square foot of $228 and the 5 two-story homes at $180.25.

Kristin said the overall month-over-month price per square footfor zip code 34773 was up 1.7% and year over year is up 14.4%.There is a 1.8-month supply of inventory.

St. Cloud Florida Vacant Land Sales ForDecember

Jeanine then moved on to report vacant land sales in Saint CloudFL. She reported there were only 9 parcels of land that were soldin December. The largest parcel that sold was on Leon Tyson Roadfor $1.8M for 5 acres of land. The lowest parcel of land sold for$35K and was less than an acre at .69. All 9 parcels were sold forcash.

Harmony Florida Home Sales For December2022

Regarding Harmony Florida specifically, Jeanine said theybreak it down by category. Jeanine started with Ashley Park whichis where all the condos and townhomes are. There was only onetownhouse that sold in December. It was listed for $270K and endedup selling for $256.5K. The price per square foot was $174.25.

Kristin said there was only one resale in the month of December.She said it was listed for $475K and sold for $455K. It came out to$171.57 price per square foot.

In The Lakes, Jeanine stated only one property was sold inDecember. It was listed for $392.5K and it sold for that amount.The price per square foot was $209.22.

Kristin reported on Harmony West. She said they are going crazyout there. Every home that sold in December was brand newconstruction. There were 14 properties that sold in December andthe average price per square foot was $214.97.

We hope you enjoyed Jeanine and Kristin walking you through theSt Cloud FL real estate market report for December 2022. Ourpodcast next week will be a state of the union address of the realestate market in Saint Cloud for all of 2002. We’ll go overtrends, how the year started and how the year ended, and everythingin between. You don’t want to miss it.