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Ponte Vedra Beach has had an excellent real estate run over the past year. In 2014, 1,966 homes were sold. In 2015, 2,022 homes sold. That means we sold 236 more homes last year compared to the year before.
We’re hoping to see inventory go down a little bit. Right now, the current supply of homes rests at six months. That’s a balanced market for buyers and sellers alike. However, there are significantly fewer homes available below $350,000. For homes priced above $700,000, there’s about eight months of inventory. However, these numbers don’t account for condominiums and vacant land; it’s only for single-family homes.
What do these statistics mean for consumers? While our market is healthy and normal, we’re still sensitive to pricing. When sellers price their properties too high, they sit on the market and often fail to sell. The average days on the market for January 2016 was 99 days.
If you’re interested in buying or selling a home in the surrounding Ponte Vedra Beach area, reach out to me by phone or email at your earliest convenience. Let’s get the ball rolling! I’d be happy to answer any real estate questions you might have!