Berkshire Hathaway HomeServices Florida Network Realty 112 Sea Grove Main Street St. Augustine, FL 32080
BONNE JONES REALTOR®
904.669.1449
Bonne@b-jones.com B-jones.com
Marsh Creek APRIL 2021
REAL ESTATE MARKET REPORT
connect with me on Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021
THE MARKET IS HOT, IT’S NEVER BEEN A BETTER TIME TO SELL!! PENDING
233 FIDDLERS POINT 4 Bedrooms | 2.5 Bathrooms | 2,954 SQFT Offered at $749,900 PENDING
Prepared Especially for
JONATHAN AND ANGELA-MARIE WILLIAMS
311 MARSH POINT CIRCLE 4 Bedrooms | 3.0 Bathrooms | 2,436 SQFT Offered at $695,000 Jonathan and Angela-Marie, Whether you’re looking for an investment property or looking to relocate, upsize, or downsize, I can help achieve your goals.
Presented by
BONNE JONES
Specializing in Marsh Creek Country Club and Surrounding St. Augustine Properties
BONNE JONES
REALTOR®
904.669.1449
Bonne@b-jones.com B-jones.com Five Star Agent Gold Pinnacle Award Silver Pinnacle Award St Augustine Beach Top Producer Forbes Top 500
MARKET IS HOT INVENTORY IS LOW Marsh Creek
is a much sought
a f t e r c o mm u n i t y a n d
I
would love
to help you market your home
CURRENT MARKET ACTIVITY
6
12
Homes Pending or Contingent
Homes Recently For Sale
WHY EXPERTS BELIEVE WE ARE NOT FACING A REAL ESTATE BUBBLE
17
Homes Sold Last 3 Months
Jonathan and Angela-Marie, If you’re curious about your home’s current value, whether for future sale, estate planning, or any other reason, call me today at 904.669.1449. Let my marketing go to work for you!
With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.
HOMES SOLD IN THE LAST 3 MONTHS STATUS ADDRESS
BEDS BATHS
EST. SQ. FT.
LIST PRICE
SOLD PRICE
SOLD DATE
WATER VIEW
DAYS ON MARKET
BETTER REGULATIONS ON LOANS Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc/no-doc loans by borrowers lacking qualifications.
EQUITY IS GROWING QUICKLY 2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.
Sold
363 Marsh Point Circle
N/A
N/A
N/A
$299,000
$285,000
02/26/21
N/A
1
Sold
333 Marsh Point Circle
5
4
3,416
$799,000
$799,000
02/25/21
No
17
Sold
411 Players Court
3
2
1,808
$419,900
$400,000
02/18/21
Yes
59
Sold
188 Herons Nest Lane
3
3
3,842
$999,000
$965,000
02/08/21
Yes
335
SUPPLY IS STILL MUCH LOWER THAN DEMAND Lack of supply has been a factor for over a decade and has only increased in the last year, creating massive shortages and dramatically increased prices.
PERMANENTLY WORKING FROM HOME COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
Sold
342 Fiddlers Court
4
3
3,070
$825,000
$850,000
02/05/21
N/A
39
Sold
534 Ria Mirada Court
4
3
2,743
$750,000
$725,000
01/22/21
No
41
Sold
529 Turnberry Lane
N/A
N/A
N/A
$178,000
$163,250
01/15/21
No
1050
Sold
328 Marshside Drive N
3
2
2,969
$534,000
$515,000
01/15/21
N/A
205
BUILDERS CAN’T KEEP UP Some home builders have reported a ten-month waiting time for construction while others are using a lottery system.
Sold
906 Birdie Way
3
2
2,968
$529,000
$525,000
01/15/21
Yes
66
Sold
909 Spring Lake Court
4
3
2,575
$575,000
$560,000
01/13/21
Yes
104
Sold
306 Marsh Point Circle
3
2
2,527
$565,000
$565,000
01/13/21
Yes
61
Sold
830 Summer Bay Drive
3
3
2,630
$497,500
$497,500
12/28/20
No
44
Sold
517 Ria Mirada Court
3
3
3,241
$799,000
$750,000
12/18/20
No
134
Sold
107 Marshside Drive
3
2
2,650
$525,000
$500,000
12/16/20
Yes
40
Sold
153 Marshside Drive
3
2
2,572
$679,000
$672,000
12/16/20
No
61
Sold
802 Kalli Creek Lane
4
3
2,521
$519,000
$497,500
12/14/20
N/A
75
Sold
135 Herons Nest Lane
4
3
2,717
$649,900
$615,000
12/11/20
No
165
NEXT GENERATION INFLUENCE Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.
When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.
JONATHAN AND ANGELA-MARIE, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let me go to work for you and help achieve your real estate goals. Call me today at 904.669.1449 for a free consultation!
Bonne Jones and Berkshire Hathaway are not in any way affiliated with Marsh Creek Owners Association, nor is this in any way an official advertisement or publication of Marsh Creek. © 2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BORMLS between December 9th, 2020 and March 9th, 2021. Listings and sales may not be those of Berkshire Hathaway. The BORMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.