The Sandberg Team @ Coldwell Banker Vanguard Realty

Real Estate Sales & Service in Nocatee, Ponte Vedra & Jacksonville, Florida

Contact The Sandberg Team
904.257.6604 | PonteVedraHomes@gmail.com
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Low Inventory Giving Buyers High Anxiety

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A competitive market is driving prices upward around the First Coast.

Recently released housing statistics from the Northeast Florida Association of Realtors show an increasingly lopsided market with low inventory, strong demand and, in some instances, prices being bid up over asking. 

With November’s numbers just recently updated, let’s take a look at some key stats…

Inventory

NE Florida Housing Inventory

Clearly, demand is strong, but inventory is low. The number of homes listed for sale in the area has been decreasing all year, with a drop of more than 44% over the same time last year.

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Sept. Market Update – Del Webb Ponte Vedra

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Here’s what happened in Del Webb Ponte Vedra in the month of September.

Anastasia Club in Del Webb Ponte Vedra
Anastasia Club at Del Webb Ponte Vedra
  • 10 new listings came on the market
  • 4 of those new listings are already contingent (have an offer in place)
  • 12 listings are in pending (all contingencies removed, waiting to close)
  • 21 homes sold in September
  • Prices ranged from $243,130 to $583,900
  • The median list price was up ~5% year to date (YTD) over last year, and median sale price was down nearly 7%
  • Absorption rate (how long the current inventory of properties would last at the current rate of sales) was 2.45 months
  • Median cumulative days on market YTD was 60, up 50% from last year

For more information about buying or selling a home in Del Webb Ponte Vedra, or anywhere in Nocatee, get in touch with us today.

4 Tips for Showing Your Home Safely During the Pandemic

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A few simple steps can help minimize potential exposure to Covid-19.

Tips for Showing Your Home Safely During the Pandemic

As the world continues to adapt to the pandemic, home buyers and sellers are doing the same. We’ve already seen real estate agents pivot to more virtual showings and virtual tours. But, ultimately, buyers will need to see a home they hope to purchase in person. Which means sellers must be ready to open their homes to strangers, which can feel counterintuitive during these times.

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