Watson Realty Corp. Realtors®

Stephanie 954-595-4860 William 904-687-9465

Condominium Market

 

We all know that there has been a boom in the real estate market in St Augustine and St Johns County over the last several years, with new developments springing up everywhere. But what about the market at the beach? How have things faired with the condominium market? The table below takes data from the St Augustine Board of Realtors showing sale of condominiums on Anastasia Island south of Rt 312, down through Crescent Beach all the way to Marineland. 

 

 

 

 Year                          

# Sold

Median Price

Median Days on Market

2012

237

$180,000

125

2013

269

$212,000

120

2014

237

$212,800

105

2015

314

$242,500

92

2016

307

$249,000

72

2017

293

$278,000

70

2018

272

$267,500

55

 

 

Looking at the numbers we see a dramatic increase in the median sold price over the last six years. Almost more significantly, the drop in the Days on Market from 125 days to 55 days shows there is a strong demand for the right property. 

 

 

If you are interested in buying or selling a condo, call the Lipsey Team. We have the knowledge, and will work hard to help make your dreams come true!