Bonne Jones-Marsh Creek-December 2020

3175-1 A1A South | St. Augustine, FL 32080

Marsh Creek DECEMBER 2020

BONNE JONES REALTOR®

904.669.1449

BonneLJones@yahoo.com

REAL ESTATE MARKET REPORT

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Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2020

FEATURED PROPERTIES SOLD

135 Herons Nest Lane 4 Bedrooms | 3.5 Bathrooms | 2,717 SQFT Offered at $649,900 ACTIVE

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

200 Fiddlers Point 4 Bedrooms | 5.5 Bathrooms | 4,581 SQFT Offered at $1,250,000

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

BonneLJones@yahoo.com connect with me on

I take pride in representing our community and protecting its home values. I look forward to another year as your trusted local resource for any of your real estate needs!

CURRENT MARKET ACTIVITY

13

THE MARKET IS ABNORMALLY HOT

HOW THE PANDEMIC SHAPED THE MARKET

Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?

Experts agree; the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?

Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors.

Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided.

Low rates are just adding extra impetus to an already motivated buying segment.

Data suggests an interest in more space but not necessarily leaving the city. Many want to trade in their penthouse for a townhouse rather than leave the city.

“After analyzing a slew of housing market data, we have not seen suburban markets strengthen compared to urban ones, nor an increase in search activity for single-family detached homes,” says Cheryl Young, senior economist at Zillow.

Regardless of where you live, extra space is commanding buyer interest.

“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.”

—Danielle Hale, Realtor.com Economist Jonathan and Angela-Marie, This is the perfect time of year to take advantage of the unique market and historic conditions; don’t miss this opportunity! Call me today at 904.669.1449 to receive a personal market analysis.

by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff

18

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!

Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurriculars, and the upcoming holidays. But that’s not what’s happening.

Homes are getting snapped up faster as values rise and mortgage rates continue to slide.

WHY IS HOMEBUYING TAKING OFF NOW?

10

Homes Pending or Contingent

Homes Recently For Sale

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

Sold

606 Mulligan Way

3

3

3,097

$449,000

$429,000

12/04/20

Yes

136

Sold

329 Fiddlers Point Drive

4

4

3,568

$799,000

$775,000

12/04/20

Yes

278

Sold

168 Herons Nest Lane

N/A

N/A

N/A

$364,900

$355,000

12/02/20

Yes

49

Sold

804 Kalli Creek Lane

3

2

2,711

$649,000

$649,000

11/30/20

No

62

Sold

419 Marsh Point Circle

3

2

3,913

$549,000

$487,500

11/25/20

N/A

94

Sold

913 Birdie Way

3

2

1,962

$434,500

$415,000

11/20/20

No

146

Sold

826 Summer Bay Drive

3

2

2,768

$499,500

$490,000

11/20/20

Yes

284

Sold

172 Herons Nest Lane

4

3

3,885

$799,000

$780,000

11/18/20

Yes

444

Sold

338 Fiddlers Court

3

2

2,287

$449,500

$450,000

10/30/20

N/A

112

Sold

608 Wild Bird Lane

3

2

2,363

$519,000

$519,000

10/29/20

No

342

Sold

322 Bailey Bunker Court

3

3

3,467

$750,000

$690,000

10/16/20

Yes

74

Sold

905 Birdie Way

3

2

2,004

$474,900

$450,000

10/07/20

No

74

Sold

235 Marshside Drive

3

2

2,648

$439,900

$425,000

09/30/20

N/A

644

Sold

162 Herons Nest Lane

N/A

N/A

N/A

$487,000

$465,000

09/28/20

Yes

1

Sold

803 Kalli Creek Lane

3

2

2,654

$675,000

$650,000

09/28/20

Yes

56

Sold

351 Marsh Point Circle

4

3

3,056

$557,000

$540,500

09/25/20

No

39

Sold

508 Vista Ria Court

4

4

3,755

$899,000

$875,000

09/25/20

Yes

103

Sold

602 Teeside Court

3

2

2,656

$480,000

$480,000

09/11/20

No

36

Bonne Jones and Watson Realty Corp. 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. © 2020 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BORMLS between September 7th, 2020 and December 7th, 2020. Listings and sales may not be those of Watson Realty Corp. 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.