The Locals Email About Everything St Augustine

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The 2025 Cost Analysis Every Homebuyer Needs to See

The latest market data shows:

  • Median resale price per square foot in July 2025: $203

  • That’s down 4.2% from July 2024

  • Resale prices have flattened since peaking in 2022, leading many buyers to question: “Why not just buy an existing home?”

Here’s Why Builders Say: Think Long Term

Yes, building a new home may cost more up front  often between $160–$225 per square foot, depending on finishes and location.

But what buyers aren’t seeing in the resale price are the hidden costs and future upgrades they’ll likely face:

  • Outdated systems and insulation

  • Deferred maintenance

  • Renovation expenses

  • Higher insurance premiums due to older construction standards

New Construction = Peace of Mind

 

✅ Energy-efficient and built to today’s codes
✅ Warranty protection on major systems
✅ Custom layouts and finishes no compromises
✅ Often located in master-planned communities with better amenities

Builders Understand the Competition

 

We see that resale homes are priced attractively in the short term but we’re building for longevity.

When you factor in:

  • Lower maintenance over 10-15 years

  • Energy savings

  • Customization

  • And the emotional value of new, turnkey living…

👉 The real cost-per-square-foot over time favors new construction.

The Locals Email About Everything St Augustine

Sent once a week, this 5 minute email will give you all the insights on news, events and the real estate market

Real Estate Done Right

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Living in St Augustine

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