Are You In The Market For Homes For Sale In St. Cloud, FL?
As the year comes to an end, we get plenty of inquiries from potential buyers who are interested in homes for sale in St. Cloud, FL.
Is it a good time to buy St. Cloud, FL real estate?
If you come prepared and you have a good real estate company to back you up, the answer is yes!
Central Florida is a seller’s market and homes for sale will always be in demand. You have to manage your expectations. There will be a lot of competition and your budget must have room for additional expenses.
According to one data source, home prices in St. Cloud jumped to 26.8% in October 2021 compared to the same period last year. The median price is around $355,000. Homes for sale in St. Cloud, FL are off the market after nine days, on average, compared to last year’s 19 days.
Buying a home in a seller’s market is not rocket science but preparation is key.
It is always important to cover the basics. Talk to a lender so you know how much you can afford. Prepare a checklist of what you are looking for. And find a reliable and trustworthy real estate agent or broker who will guide you every step of the way.
While you can always do it on your own, having professional help can make a world of a difference, especially in a high-demand real estate market like Central Florida.
St Cloud, FL Real Estate For Sale: Why Is It A Hot Pick Among Buyers?
Homes for sale in St. Cloud, FL are a top choice among buyers looking to move to the Sunshine State. And it is easy to understand why.
For starters, the location is ideal and strategic. It is just 30 miles away from downtown Orlando and 20 miles from Orlando International Airport. It is also close to world-renowned theme parks, which is always a plus for kids and kids-at-heart.
It also showcases the best of Florida’s natural wonders. There are many beautiful homes with spectacular waterfront settings, so you do not need to go far to enjoy this view.
It is a haven for those who enjoy the great outdoors. Residents enjoy fishing along East Lake Tohopekaliga, golfing at Royal St. Cloud Golf Links, horse riding at any one of the local operators, or playing outside at Godwin Park.
The community is also close-knit yet diverse. There’s a place for all residents – families, couples, young professionals, or retirees.
The public school system has an excellent reputation, and local economic growth is also evident in the booming industries that drive job development.
St. Cloud offers the best of a small-town culture and the conveniences of a modern lifestyle. The restaurant scene features an array of diverse cuisines. The local shops tell the story of the town’s rich and colorful history. It is this unique and incomparable experience that draws would-be residents to this beautiful community.
Did You Know?
- Single-family detached homes are the most common housing type. It accounts for almost 72% of the housing units in St. Cloud.
- St. Cloud homes are some of the newest in the country. More than 47% of the houses were built in 2000.
- St. Cloud real estate appreciated 148.05% over the last 10 years, which is one of the highest rates in the country. This bodes well for home buyers and property investors.
- In terms of demographics, St. Cloud has a mixed workforce of both white- and blue-collar jobs.
What To Expect: Local Real Estate In 2022
According to some experts, home prices in Orlando are expected to continue to climb next year. This means that St. Cloud homes for sale will likely follow this trend.
In Metro Orlando, home prices went up 19% year-over-year in September, based on a report by a property data firm. The same firm forecasted a conservative 1.9% increase in home prices between September 2021 and September 2022.
Meanwhile, the Federal National Mortgage Association aka Fannie Mae predicted a higher increase at 7.9% between the fourth quarter of this year and the same period in 2022. Home demand may “cool” compared to this year’s frenzy, but construction constraints will continue to drive prices up, according to its chief economist in an October report.
According to the Orlando Regional Realtor Association, local home sales “fell month-on-month for the third straight in September.” The sales dropped 5% while the median price went down to $318,000 from $320,000.
Does this mean Central Florida is no longer a seller’s market?
Not necessarily. The residential real estate sector continues to be a boon for sellers, even as home sales and prices appear to have slowed.
These real estate trends will contribute to helping you decide whether to buy a new home for sale in St. Cloud, Florida. It is also indicative of the local economy’s overall health. In fact, the National Association of Realtors estimates that every home sale in the region has a $90,300 economic impact.
Saint Cloud, FL Real Estate Agency
The Corcoran Connection is a trusted real estate agency in Central Florida founded and led by veteran broker Jeanine Corcoran.
Jeanine and her team of real estate agents have extensive and proven experience in the region. In addition to St. Cloud, they work with buyers and sellers in prime communities like Harmony, Lake Nona, Mount Dora, Orlando, and of course, St. Cloud.
The team caters to a diverse range of clients – from those who are looking for homes for sale in St. Cloud, FL with a pool to those who prefer single-family homes for sale, whether in or out of St. Cloud.
Their services are not limited to home buying or selling. They also assist clients with virtual staging, appraisal services, and mortgage loans. They also work with clients who want to go into commercial real estate, including property and rental management.
If you are after top-caliber St. Cloud, Florida real estate agents who are willing to go above and beyond, give them a call at 407-953-9118. The Corcoran Connection is renowned for its timely, honest, and adaptable service. But don’t just take our word for it. Check out the client testimonials here.
You can also visit our official YouTube channel for free expert insights.