HOW IS REAL ESTATE DOING IN ST CLOUD FLORIDA?

How is Real Estate doing in St Cloud Florida? A common question I get from buyers looking to enter the housing market. The answer is “Good”.  Real Estate value are up from the same period a year ago.  Homes  in St Cloud Florida that have sold are up 9.6% over the same time one year ago. Which means the buyers I worked with a year ago have actually begun to build equity in the homes they purchased.

This is a reversal from the previous declines in the St Cloud  home sales,  which is encouraging news the housing market is stabilizing.  Stability is good all around. Unemployment figures have declined slightly due in part to seasonal hiring, which has helped the economy overall. While we are not out of the woods yet, we are at least beginning to see some new growth in terms of the housing prices in St Cloud Florida showing a gain over the previous year.

In 2010, the average sale price for an existing home sales  in St Cloud Florida,  was $115,912 for a 3 bedroom 2 bath home. That is $56.00 a square foot.  Fast forward one year later, and the average sale price is now $128,147.  That is $64.75 a square foot.  When one considers that the average price per square foot to build a home is $130.00  existing homes are a good value.  Of important note is is a year ago the average square footage was 1945 sq.ft.   This year the average square footage is  1865.

Interesting the number of  homes sold in St Cloud Florida, decreased from 65 to 59  or 9.3%   what that suggests is that sales are taking slightly longer to close.  This can be attributed to tightening borrowing standards for the borrowers, and longer processing time for lenders to approve home loans.

Cash is still king, cash sales continue to be steady in the low end homes, and turn over on those properties is more rapid. This suggests that investors are looking to capitalize on the increased demand for rental housing, and with it, increases in rental rates. 

If you are in the market and considering Buying a St Cloud Florida home, now would be a good time to  cash in while prices are still affordable, and there is ample inventory available.

St.Cloud Homes & Land, LLC is a full service Licensed Real Estate Agency Providing OUTSTANDING customer service and commitment to excellence for its clients. Kissimmee Homes, St Cloud Florida Homes, Kissimmee Vacation Homes, Kissimmee Town Homes, Kissimmee Condos, St Cloud Vacation homes, St Cloud Town Homes, St Cloud fl historic homes, St Cloud Fl condos, all Osceola County Real Estate Properties.

Our Customer call us “ The best in business”, call us 407-545-8002

St.Cloud Homes & Land, LLC
Providing Professional Real Estate Services
2490 Bronco Drive
St. Cloud, FL 34771
Phone: 407-545-8002 | Email: Allison@Kissimmee-stcloudflhomes.com