St. John’s county is a hot real estate market that shows no signs of cooling.
As a realtor based in Northeast Florida, I am excited to share with you the strength of the real estate market in St. Johns County. This is one of the most sought-after areas for homebuyers, and for good reason. Here are three key points that make St. Johns County a great place to invest and a steady real estate market in these unpredictable times.
Supply Versus Demand
Firstly, there is an incredible amount of demand for housing in St. Johns County. The growth rate exploded at 5.6% between 2020 and 2021. As of today, we have more buyers than we have inventory available. That means that there are fewer than three months’ worth of active listings on the market – 2.47 as of today March 10, 2023 – to be exact. So, if you are thinking of selling your home, now is a fantastic time to do it. With such high demand, you can be sure that you will get top dollar for your property.
However, if you’re looking to purchase don’t be discouraged…check out my next point.
Pro-Growth City Planners
In St. John’s county, we are lead by pro-growth governing persons. The county commissioners and planners have awarded the builders over 12,000 building permits in the past 12 months alone. This means that there is a lot of new construction happening, and the area is expanding rapidly. As a result, there are plenty of opportunities for you to find the perfect property that suits your needs.
Strong Economy & Optimism
The median household income is over $83,000 per year, making it one of the wealthiest areas in Florida. This means that there are plenty of job opportunities and a stable economy, which is great news for anyone thinking of investing in real estate here. You can be confident that the area will continue to thrive, and your property value will continue to grow with strength in education, medicine, public administration, and manufacturing industries growing here.
The Bottom Line
The real estate market in St. Johns County is booming right now. With high demand for housing, a strong economy, and pro-growth leadership, this is a great time to invest in property in this area. If you are thinking of buying or selling a home, I would love to hear from you. Please email me to get the ball rolling on your home buying process. Let’s work together to find your dream home in beautiful St. Johns County!