Beach Real Estate Market Continues On the Same Trend: Low Inventory, Hungry Buyers
Posted by Gwinn Volen on
By Gwinn Volen
The December real estate statistics show more of the same for Ponte Vedra Beach and its surrounding communities. Low inventory, low days on the market and a high volume in showings.
Inventory dropped further. Days on the market dropped to just 34 days on the market. And showings per listing were up over 100%.
What Does this Mean for Sellers?
Saturday, I went by an open house in TPC Sawgrass. There were over 20 cars parked out front in the first 10 minutes. Relocating buyers, currently in rentals, were out in force to see what is out there.
Mortgage rates started the year at yet another historic low, which gives these buyers more purchase power.
If you want to sell, this is an opportune time. If priced appropriately or…
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