Ponte Vedra Beach Year End Market Report

By
Real Estate Agent with Real Estate and Financial Services

 

At the end of December, 2008, the overall market in Ponte Vedra Beach North continued to decline, creating great investment opportunities.

                                                         Dec.2008       From Dec.'07        Year to Date

New Listings

23

-14.8%

369

-23.9%

Closed Sales

4

-60%

85

-33.1%

Median Sales Price

$630,000

-12%

$650,000

-7%

Sold Price vs. Listed Price

82.5%

-3.8%

87%

-3%

Average Days on Market

211

+91.5%

141

+18%

Single Family Inventory

135

-15.6%

 

 

Townhomes / Condo Inventory

41

-4.7%

 

 

 These statistics are from the Northeast Florida Association of Realtors, (NEFAR) and do not include private sales, or sales from non-members.

 While Ponte Vedra Beach is a high end market, it has not been untouched by foreclosures due to aggressive condo investments and heavily financed homes.  This provides a unique opportunity for potential home buyers who want to enjoy beautiful beaches, great golfing and beautiful northeast Florida climate.

 

Comments (1)

Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Hi Terry~ Now I have to comment on this and tell you that I would love to be on this beach and walking across that bridge.  I simply LOVE the beach and someday I hope to have a home at the beach :)

Feb 19, 2009 02:15 AM