Housing market statistics for St. Cloud Florida May 2022 presented by Jeanine Corcoran. She is joined by her co-host Kristin Macari. Welcome to the 23rd episode of Discover St. Cloud Florida.
Kristin opened by saying they were going to cover what happened in the St. Cloud real estate market in May 2022. Jeanine started with zip code 34769. There were 43 homes sold in May versus 41 sold in April.
Of the 43 homes sold, 33 of them were single-story homes and the price per square foot was $233 versus April’s $222. The 10 two-story homes that sold in zip code 34769 had a price per square foot of $190 in May versus $174.55 in April. This zip code includes all downtown St. Cloud.
Jeanine then moved on to the busiest zip code of 34771. There were 102 homes sold in the month of May compared to 71 sales in April. There were 61 single-story homes sold and the price per square foot was $237 versus $249 in April. 41 two-story homes were sold in May and the price per square foot was $189 versus $188.67 in April.
Kristin reported on zip code 34772. In May there were 62 homes sold compared to 43 homes sold in April. There were 38 one-story homes that sold at $218 a sq. ft. versus a price per square foot of $236 in April.
The two-story homes saw 24 homes being sold in May at $182.52 a square foot versus 15 two-story homes sold in April at $192 a square foot. So, a little bit of a dip in zip code 34772. Kristin said this zip code was hot early and sustained months of solid numbers so it’s not a surprise theirs is a bit of a dip.
Jeanine and Kristin said that the price per square foot metric is good to know but you really need to compare apples to apples. You want to look at houses that are similar to yours. Jeanine is always available to take a phone call and help you with an accurate price for your house.
They then moved on to zip code 34773 which includes Harmony. There were 19 homes that sold in May. Of the 19 homes sold, 16 of them were one-story homes and had a price per square foot of $198.42 whereas two-story homes were at $168 price per square foot. In comparison, April had one-story homes with a price per square foot of $198 and two-story homes at $176.
Kristin then transitioned and asked Jeanine what she is seeing in the real estate market currently with her listings and selling prices and her opinion on what the new sweet spot is? Jeanine replied that the new sweet spot is between $400 - $450K. That has changed since last year when the sweet spot was in the upper 300K’s. She said she is still seeing multiple offers on the homes in the sweet spot range.
Jeanine continued and said for the homes priced at $475K and up are not seeing multiple offers. She said the time on the market is longer now as the buyer is waiting for that one offer. The more expensive homes do take longer to sell and that is what is happening. She said it is nothing to be afraid of and it is more in line with a traditional real estate market. Jeanine does feel the market is flattening right now just coming off Memorial Day weekend. It certainly is not a down market, and she feels there is no impending crash coming.
If there are other topics regarding the St. Cloud real estate market that you would like us to cover, reach out to us. We would love to hear from you. And if you have any subjects to do with Saint Cloud in general that you would like us to cover on our podcast, feel free to share them with us.
We hope you enjoyed Jeanine and Kristin walking you through the housing market report for St. Cloud FL April 2022. We want to keep you up to date with what is happening in the real estate market in St. Cloud so you can make informed decisions when it comes to your real estate needs.
