Bonne Jones-Marsh Creek-March 2021

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.