Is The Beach Real Estate Market Softening?
Posted by Gwinn Volen on
By Gwinn Volen
Many a homebuyer interested in buying out there is asking, "is there an end in sight?"
Unfortunately for buyers, and the bleary-eyed agents trying to help them find homes, the data, as well as expert opinion, suggests there is no immediate end coming to this frenzied market.
First, the data.
Ponte Vedra Beach and Nocatee: Real Estate Over The Last 15 Years
If you look at the graph below, the trend is clear. Our area is at an all time low in terms of supply. Back in the bubble days of 2006-2007 in Ponte Vedra Beach there was a range of total inventory showing a low of 5 months and a high of 19 months. Currently, there is just 1 month of inventory. Though you see a slight upward tick as we closed out May, there has not been a…
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