The average sale price for homes in northeast Florida climbed more than 9% over the same period last year. That said, appraisals can still be a challenge in some instances as aligning the previous six months of home sales data can be a challenge/hinderance in an accelerating market. In the Ponte Vedra / Nocatee area, we’re seeing an increase in sales, new listings and median sale price, and a solid decrease in days on market.
In short, competition for the best properties is high, meaning buyers should be prepared to move quickly.
If you have questions about the market, or what’s market value for your home today, contact us for more information.
Information courtesy of Northeast Florida Association of Realtors.