The Sandberg Team @ Ponte Vedra Key Realty
Real Estate Sales & Service in Nocatee, Ponte Vedra & Jacksonville, Florida
Obviously, the housing market remains volatile in the face of the pandemic. While most of the numbers aren’t ringing any specific alarm bells just now, there are others that we’d be wise to keep an eye on.
Steady as She Goes
From a macro level, March numbers look fairly steady, with number of closed sales up just slightly, and inventory remaining tight. On the upside, median sales price is also up.
The coronavirus is having a big impact on real estate–and every other industry–around the world. What’s happening locally, here in northeast Florida? Let’s take a look at a few current data points that help tell the story.
Suspending Open Houses
realMLS, our local Multiple Listing Service (MLS) here in northeast Florida, is temporarily disabling the Open House feature in our MLS system. This means open houses will not be officially marketed via MLS, nor will they automatically appear on syndicated websites such as Zillow, Realtor.com, this website and the like.
30 homes sold in Walden Chase in 2019, and there were 37 new listings that came to market over the year.
Information is deemed to be reliable, but is not guaranteed. © 2026
Median sale price worked out to $318,000, nearly a 5% increase over 2018.
Information is deemed to be reliable, but is not guaranteed. © 2026
Average number of days on market was 71, down from 120 days in 2018.
Information is deemed to be reliable, but is not guaranteed. © 2026
If you’re a Walden Chase resident, keep an eye out for a postcard from us detailing some December, 2019, sales stats. And if you have questions about the market, or market value of your home, give us a call or fill out the form below:
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Walden Chase Inventory Rising Ahead of Peak Selling SeasonAs we move into the spring/summer buying and selling season, we see home inventory in Walden Chase beginning to increase. At the end of March, there were 10 active listings, and there are now 12 on the last day of April (though 3 are under contract).
A total of 6 homes have sold since the beginning of the year, and the average sale price year to date is $285,333. Absorption rate (how long the current inventory of properties would last at the current rate of sales) is increasing, sitting at a little more than 3 months at the end of March, and the average number of days on market sits at 42.
Real estate agents are great at proclaiming when the best time to buy, or sell, a home may be. And, if we’re just talking about hard numbers–quantitative market data–they’re often correct. What’s missing in all the numbers and the talk is the prime mover in nearly every real estate transaction.
Life.