April Real Estate Update: Are Over Asking Offers The New Norm?
Posted by Gwinn Volen on
By Gwinn Volen
The average list to sold ratio in the Ponte Vedra Beach (32082) real estate market for the month of April was 100.5% while in Nocatee (32081), the average list to sold ratio was 102.4%. That means, when taking all price points into account, the closed sales prices in April were, on average, .5% above the list price in Ponte Vedra Beach and 2.4% above list price in Nocatee.
Right now, listing prices are functioning more as the "suggested list price" or starting point. If you've seen the Tik Tok "Who Wants to Buy Apple," you'll get the gist.
Key Points For Buyers to Understand
- There really are no deals right now. If you are hoping to have leverage and negotiation power, this is not the market for you.
- There is a…
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