Here are the 2011 stats and 2010 for comparison -
2011
- 51 Homes Sold
- Lowest price: $119,000
- Highest price: $4,700,000
- Shortest Days on Market: 1
- Longest Days on Market: 2065
2010
- 56 homes sold
- Lowest price: $49,000
- Highest price: $5,375,000
- Shortest Days on Market: 4
- Longest Days on Market: 744
Home sales are down about 8% year over year, very close to flat. The lowest price home sold figures are up impressively year over year, similar to other beaches communities. I’m not concerned at all about the difference in the highest price home sold figures, as Ponte Vedra Beach has more high end homes. The days on market has decreased on the low end, and that anomaly of 2056 days on market was a $3M dollar listing! The shortest days on market this year was the most expensive property sold year to date as well.
Ponte Vedra Beach has a varied housing supply, including townhomes and condos that make it affordable for many, along with the St. John’s County school districts, and a lower tax base.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 8.12 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Ponte Vedra Beach has 10 months of inventory as I write this post.
If you are ready to list your home, call me for a comparable market analysis to see what price range you should list in, and to learn more about what sets myself and Prudential Network Realty apart from the competition. Our home sales in our Atlantic Beach office are up 26% comparing 2010 to 2009, so we know how to sell homes.
If you or someone you know is considering a short sale, please have them contact me for a no-obligation confidential interview about their current situation and how best for them to move forward. I hold the Certified Distressed Property Expert, and am one of a mere 18,000 who do so – I can help salvage their credit, and their financial future.
Comments(3)