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Monday, August 7, 2017

What’s the Good News From Our St. John’s County Market?

The latest statistics from our second quarter market show that St. John’s County is experiencing many positive real estate developments.

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I was reading The St. Augustine Record recently and, between all the Trump-Russia hoopla, I found an interesting article about the high number of homes and building permits being put together in St. John’s County and the ensuing price increases this has caused.

The latest statistics from our second quarter market reflect these exciting developments. During the month of June, 366 building permits were issued. This brings the total number of permits issued so far this year to over 2,000, and we’re on pace to reach 4,000. The median home price for the year is $310,000, which is up from $230,000 in 2012. By comparison, Clay County’s median home price is $185,000 and Duval County’s is $176,000.

Keep in mind, this information comes from a wide range of expert national indicators. In explaining why St. John’s County is experiencing this real estate boom, they all note factors such as our high quality of life, low cost of living, and excellent school systems. They also expect this positive trend to continue for up to 10 years into the foreseeable future.

Living in St. John’s County is like living in a postcard.

It’s like we always say—living in St. John’s County is like living in a postcard. It’s growing at a steady rate with all of its commercial development, and its infrastructure is following suit. We have quality builders and steadily increasing appraisal values, which means if you buy a house today, it will likely increase in value by the time you want to sell it.

It’s also worth mentioning that we’re one of the safest counties in all of Florida when it comes to weather-related issues. This means we have lower insurance rates, and with the county being as fiscally responsible as they are, we also have some of the lowest tax millage rates in the state.

If you’d like to read the above-mentioned article in its entirety, click here.

If you have any other questions about what’s happening in our St. John’s market or you’re thinking of buying or selling a home, feel free to reach out to us. We’d be glad to assist you.