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You are here: Home / Archives for Market Statistics

Welcome to the New (Old) Normal

October 24, 2022 By Scott Sandberg Leave a Comment

What home buyers and sellers need to know now to succeed in the market

How to Weather Today's Changing Housing Market

By now, it’s clear we’re in the middle of a housing market adjustment. Which means that some of the strategies being employed by buyers and sellers as recently as 6 or 8 months ago are now out the window. It’s time to adjust to the “new” normal, which, in reality, is beginning to look a bit more like the “old” normal, prior to the pandemic.

What’s changed? Quite a bit, but for now, let’s focus on some of the highlights:

Mortgage Rates are Up
Mortgage rates are hovering around 7%. Compare that to the beginning of this year when rates were closer to 3.5%. The result is diminished buying power, meaning home buyers will need to come out of pocket with more cash to get the same home, or look at lower priced listings to get something they can afford.

[Read more…]

Filed Under: Blog, Home Sellers, Homebuyers Tagged With: Florida, Home Buyers, home sellers, Market Statistics

Nocatee Market Stats

August 1, 2022 By Scott Sandberg Leave a Comment

July, 2022

Nocatee Housing Market Stats, July 2022

Wondering how the housing market fared in Nocatee in July? Take a look at the stats:

  • 40 new listings came on market
  • 12 properties went under contract
  • 33 properties moved to pending status
  • 72 properties sold

Interested in learning how the market is doing in your neighborhood? Drop us a line using the form below:

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Filed Under: Blog, Home Sellers, Homebuyers, Nocatee Tagged With: Florida, Home Buyers, home sellers, Market Statistics, Nocatee

Nocatee Market Stats, April, 2022

May 2, 2022 By Scott Sandberg Leave a Comment

A quick look at the real estate market in Nocatee during the month of April.

As in most places, inventory continues to be a challenge in Nocatee, with just 17 new listings hitting the market in April, and another 13 going under contract. New construction helps ease the inventory issue a little bit, but the builders are facing supply chain challenges, as well. That said, 79 properties moved to pending status in April, including 41 new construction homes. Of the 78 properties that closed in April, 25 were new construction.

If you’re looking for a new home in Nocatee, drop us a line using the form below. Whether you’re looking for new construction, or a resale, we can help you navigate today’s evolving market and get you into a home you’ll love.

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Filed Under: Blog, Homebuyers, Nocatee Tagged With: Home Buyers, Market Statistics, Nocatee, Real Estate

The Year in Nocatee Real Estate

April 11, 2021 By Scott Sandberg Leave a Comment

What are the market trends that defined the Nocatee housing market over the past year?

Tight inventory. Higher prices. Seller’s market. We hear these terms thrown around a lot when talking about the real estate market of late. But what does it really mean, at the local level in Nocatee? And what do the numbers actually say? 

Let’s take a look:

Tight Inventory

Since this time last year, inventory has dropped approximately 90% on the Duval County side of Nocatee, nearly 81% on the north side of Nocatee, and 84% on the south side.

Similarly, we see a reduction in the number of new listings hitting the market. New listings are down more than 53% on the Duval side, nearly 55% in the north and nearly 38% in the south.

As for the number of closed sales, those are down 50% in Duval, nearly 70% on the north side and nearly 50% on the south side.

Pricing

When it comes to pricing, the median sale price is actually down 1.5% on the Duval side, but up nearly 42% in the north and up nearly 16% in the south.

Lastly, if we look at median percent of list price received, we see some sales coming in at asking price or more (though keep in mind there are some new construction numbers in here that may skew the data one way or the other).

Fortunately, new Nocatee communities are coming online in the next year or so, but for the time being, it looks as if the market will continue to be competitive.

If you’re ready to buy or sell in Nocatee, or you’d just like an idea of what the market value of your home might be right now, drop us a note using the form below:

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Filed Under: Blog, Home Sellers, Homebuyers, Nocatee Tagged With: Market Statistics, nocatee real estate

Sept. Market Update – Del Webb Ponte Vedra

October 5, 2020 By Scott Sandberg Leave a Comment

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.

Filed Under: Blog, Home Sellers, Homebuyers Tagged With: Del Webb Ponte Vedra, Market Statistics, nocatee real estate

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