St Cloud FL Real Estate Market Report September 2024 | Discover St Cloud Florida Podcast Episode 82.

St Cloud FL Real Estate Market Report September 2024 | Discover St Cloud Florida Podcast Episode 82. Link to the full video below: https://youtu.be/jWKHW-L-RSo Welcome back to Discover Saint Cloud, Florida! Join Kristin Macari and host Jeanine Corcoran, broker for Corcoran Connect, as they delve into the September market report. Hurricane Aftermath and Market Talk The episode opens with a lighthearted exchange about surviving the recent hurricane. Jeanine mentions how the improvements made after previous hurricanes may have contributed to a smoother experience this time around. The conversation then shifts to the national headlines claiming plummeting home prices in ten U.S. cities, four of which are in Florida. Kristin and Jeanine discuss the misleading nature of headlines that use terms like "plummet" without proper context. They delve into specific numbers for Orlando and Tampa, highlighting that the decrease falls within a reasonable range. Saint Cloud Market Analysis Jeanine presents a data-driven analysis of the Saint Cloud market, focusing on median list price, median sold price, and price per square foot. She compares year-over-year data and emphasizes that the market seems to be holding steady with minimal fluctuations. Market Nuances by Zip Code The discussion progresses to a detailed breakdown by zip code. Kristin and Jeanine acknowledge that headlines don't capture the entire picture. They point out how specific areas, like Harmony, might show different trends due to factors like new construction. They meticulously explore data for various zip codes, including: 34769: While a slight decrease is observed year-over-year, the median days to contract and close remain favorable. 34771: This zip code also shows a minor decrease, but the active property supply suggests a healthy market. 34772: Interestingly, 34772 experiences a slight increase in price per square foot year-over-year. 34773: Similar to 34772, this zip code also witnesses a price per square foot increase. However, the data set for this area is smaller, making trend identification more challenging. Harmony Market Insights Kristin delves into the Harmony market, acknowledging the challenges faced by resales due to the abundance of new construction with attractive incentives. She provides specific examples of sale prices for different property types within Harmony. Future Market Predictions Both Kristin and Jeanine offer their predictions for the market. They anticipate a potential rise in interest rates post-election and believe the market might pick up pace in 2025. Vacant Land Sales The episode concludes with a discussion on vacant land sales in Saint Cloud. Jeanine highlights some noteworthy transactions, including a large parcel on Absher. They speculate on potential development projects in the area. Overall, the episode provides a nuanced and informative analysis of the Saint Cloud market, emphasizing the importance of looking beyond sensational headlines and understanding the local context. Corcoran Connect 1426 S Narcoossee Rd Saint Cloud, FL 34771 407-953-9118 https://www.google.com/maps/place/Corcoran+Connect/@28.2677896,-81.2422868,17z/data=!4m6!3m5!1s0x88e77af90dd4659b:0x32d65e6b67bf3a39!8m2!3d28.2677896!4d-81.2422868!16s%2Fg%2F11b7yc8_s9?entry=ttu #SaintCloudRealEstate #FloridaRealEstate #SeptemberMarketReport #DiscoverSaintCloud #RealEstateTrends #HousingMarket #MortgageRates #HomeBuying #RealEstateTips #RealEstateExperts #YourRealEstateConcierge #realestateconcierge #corcoranconnect #saintcloudfl #stcloudfl

Original post here: St Cloud FL Real Estate Market Report September 2024 | Discover St Cloud Florida Podcast Episode 82.