The Sandberg Team @ Ponte Vedra Key Realty
Real Estate Sales & Service in Nocatee, Ponte Vedra & Jacksonville, Florida
What happened in the Nocatee housing market in July? Let’s take a look at the numbers:
Take a look at the details below:
For a little historical perspective, here are the numbers from last July:
Interested in finding out how many homes sold or came on the market in your neighborhood? Get in touch with us…
Check the links below for more details on all the Nocatee homes that were listed, went under contract, went into pending, or sold, in March of 2023.
23 Properties Went Under Contract
54 Properties Moved to Pending (all contingencies cleared)
For more information, or if you’d like to see stats for your neighborhood, drop us a line.
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.
Wondering how the housing market fared in Nocatee in July? Take a look at the stats:
Interested in learning how the market is doing in your neighborhood? Drop us a line using the form below:
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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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