News for the housing market overall in January is very good. As reported by the Jacksonville Business Journal, home values jumped 23% year over year to a median price of $136,000.
But as we’ve always stressed, real estate, and home values, are hyper-local. So while northeast Florida’s home prices are trending up as a whole, you may be interested to see that Ponte Vedra’s median home values are actually down 12% year over year. But the news isn’t all bad in Ponte Vedra…the number of homes that sold over list price is up dramatically (129%) and number of days on market continue to decrease.
Point is, the major media outlets serve large metropolitan statistical areas. So they take a very macro look at housing data. If you want to know what the real estate trends are in your neighborhood, a real estate professional can provide all the latest data. Contact us if you’d like to see what’s happening in your neighborhood.
Data provided courtesy of the Northeast Florida Association of Realtors.