by Gwinn Volen

If you are thinking of buying or selling a home in St Johns County or Duval County, a look at the latest local real estate market statistics may offer you some insights.

The NE Florida real estate market is holding strong. Real estate is a network of micro-economies, and NE Florida, unlike other parts of the US, has moved through the macroeconomic downturn relatively unscathed.

Though we experienced a dip in prices starting in Q3 2022, and prices were down another 5% in Q1 2023, prices were up 8% in Q2 2023. My expectation is we are normalizing, as illustrated in the graph below.

MEDIAN SALES PRICE RECOVERS IN Q2 AFTER DIP

Single Family Homes in Duval and St Johns Counties

Nationally, standard…

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By Sarah Strickland

St. Johns County Chamber of Commerce opened a new Visitors Center in Ponte Vedra Beach, Florida. Located at 200 Solana Road, Suite B, it is the perfect place to discover more about Ponte Vedra Beach and Nocatee. They offer a fully staffed office that can answer questions about the community, attractions, and places to shop and dine. 

aerial view of old ponte vedra in ponte vedra beach, florida

Not only is the Visitors Center worth checking out for newcomers to the community, providing an array of guides and pamphlets that can help people to familiarize themselves with the area, but there are also many resources such as zoning guides, public school information, and statistics which residents will find helpful as well. 

If going to the Center is not an option, the website is a…

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By Gwinn Volen

The real estate market is on fire right now with an incredible bounce back from the onset of the pandemic. Using Ponte Vedra Beach as a sample for the greater Jacksonville market, closed sales were up 73% in June vs. May. This is the highest month over month gain since March of 2005.

Pending sales for June are up 34% vs. May. Pending sales generally represent where we are going for the next couple of months.

golf course in ponte vedra beach florida

Why are Pending Sales Important?

With COVID and the onset of the economic crisis in March, the real estate market came to a bit of a halt for almost two months. Closed sales and pending sales were significantly down year over year, as were new listings.

Per the chief economist at the National Association of Realtors,…

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