By Gwinn Volen

September continues to display an incredible seller's market in our area.

ponte vedra beach aerial over ocean

Why sell now?

Low Inventory at the Beaches and the Greater Jacksonville Area

Northeast Florida has the lowest housing inventory in recent history with Ponte Vedra Beach at 2.4 months supply, and the greater Jacksonville area at 2.1%.

Buyer Demand is High

Because inventory is low, homes are seeing a much higher than normal showing rate. Here is what the showings per listing trend line looks like in Ponte Vedra Beach. Our team continues to see new buyers coming from all across the US, looking for a change of lifestyle and a tax relief. In the last week, we've had contacts from buyers in New Jersey, Nebraska, California and Atlanta, to give you a…

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By Gwinn Volen

August home sale numbers are in, and the real estate market continues to not only be on fire but highly competitive too.

Here are the highlights for the Ponte Vedra Beach real estate market:

  • The median sale price is up 24% from July 2020 and 34% from August 2019.
  • Inventory of homes (months supply) is at 3 months, down 42% from last year and down 3% from July. 6 months supply is considered a balanced market, so we are in a seller's market.
  • Buyer traffic is up. Showings per listing are up 35% when compared to August 2019.

What does this mean? This is a great market for a real estate agent, where many are having record years. However, it's tough, as the buyers are out there but the inventory isn't.

For those…

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By Karen Tyrrell

By now you’ve most certainly heard about the “super-hot housing market”. With historically low-interest rates, folks fleeing cities for more suburban settings, and low inventories of homes, properties are moving very quickly – especially here in Florida!  Many employees have been given the choice and even forced in some cases to work from home.  With the realization that they can essentially work from anywhere, they’re choosing to escape to warmer, less crowded and more affordable settings.  And honestly, who can blame them?

A Seller's Market Means Buyers Need to Be Prepared and Aggressive

With less than 3 months of home sales the Jacksonville real estate market is decidedly a seller's market.  Unfortunately, so often in these…

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By Gwinn Volen

Real estate in the greater Jacksonville area continues to shock and awe agents, buyers and sellers alike.

Urban to Suburban Shift Continues

Rather than the expected down shift many thought would happen due to the pandemic, our area continues to see an influx of people wishing to relocate from denser urban areas or those looking for a change of lifestyle now that working from home is an option. Additionally, we are seeing local homeowners wishing to upsize or take on a new lifestyle (think waterfront or walk to the beach).

According to Lawrence Yun, the National Association of Realtors Chief Economist:

“Homebuyers considering a move to the suburbs is a growing possibility after a decade of urban downtown revival,” Yun said.…

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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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By Gwinn Volen

May real estate statistics are in, and compared to April it's more of the same for the 32082 zip code, Ponte Vedra Beach. Inventory remains very low at 4.6 months of supply.

The housing market functions under the same rules of supply and demand as any other industry. Six months of supply is considered a balanced market. So, as a whole, the 32082 market remains a seller's market (varies based on price point).

aerial of ocean and ponte vedra inn and club in ponte vedra beach, florida

Home prices are holding, with a slight change from last May of -3%, but overall prices are up 7% for the last 12 months.

Closed sales for May were down 43% from May 2019, while April was down only 32%. May's decrease in sales are reflective of the lockdown that occurred earlier, in March and April, while April wasn't…

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by Gwinn Volen

Older homes can have lots of charm and character. One way to really highlight the craftsmanship is to embrace the contrast between the traditional and modern. That juxtaposition creates an enticing interior while also retaining the warmth of historical detailing.

cedar shake home in jacksonville florida

A cedar shake exterior with a gracious porch sitting on four acres of waterfront land is the perfect example of timeless architecture.

In the dining room, a tufted-leather couch is a little bit rock and roll with the vintage flag pattern. Additionally, the black and chrome transparent chairs allow for the beauty of the built-in bar to really be seen.

The living room pairs a traditional rug with clean-lined sofas and the jewel of the room, a bright modern…

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By Gwinn Volen

National home sales statistics show that as of November 2019 (end of year data has not been calculated), total home sales in the US were up 3.5% from 2018 for single-family homes with a total of 4.79M home sales, according to the National Association of Realtors.  The same data shows that the median home sales price was up 5.4% at $274,000, and months supply was 3.6 months, down 10% from 2018.

Florida's closed sales numbers for single-family residences were up 6.1% in November 2019 from 2018, and the median sales price was up 3.9% according to the Florida Realtors Association.  Months supply also decreased by 12.2% to 3.6 months.

So, what did the local market for Ponte Vedra Beach look like for 2019?

market data

As of December 2019,…

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By Russell Tully, Former General Manager of College Hunks for College Junk Moving Company, Jacksonville

Buying or selling a home is stressful, but what can make it even more stressful? A poorly planned move and a bad moving company. With the right planning and research, a move can be managed with a limited amount of stress.

HOW TO PICK THE RIGHT MOVER

4-6 Weeks Out From Moving Day

When buying and selling a home, picking your mover is a very important piece of the puzzle. It pays to do some upfront research to ensure you have a business that will take care of your valuables and handle the move professionally.

A few things to consider:

  • Reviews and Referrals. Read online business reviews on Google Business and Angi Inc. (formerly Angie's…

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