Page 37

Local Market Update – September 2021 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

- 41.7%

- 50.9%

+ 46.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 26

September

New Listings Closed Sales Median Sales Price*

Year to Date

2020

2021

+/–

2020

2021

+/–

96

56

- 41.7%

830

734

- 11.6%

108

53

- 50.9%

686

682

- 0.6%

$560,000

$820,000

+ 46.4%

$528,500

$630,000

+ 19.2%

Percent of Original List Price Received*

95.8%

98.7%

+ 3.0%

94.9%

99.2%

+ 4.5%

Percent of Properties Sold Over List Price*

6.5%

32.1%

+ 393.8%

6.6%

32.1%

+ 386.4%

Days on Market Until Sale

86

30

- 65.1%

99

40

- 59.6%

Inventory of Homes for Sale

224

98

- 56.3%

--

--

--

Months Supply of Inventory

3.0

1.3

- 56.7%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

September

2020

Year to Date

2021

830

108

96 56

2020

734

686

2021

682

53

- 41.7% New Listings

- 0.6% Closed Sales

- 11.6% New Listings

- 50.9% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

a

+ 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

1-2020

1-2021

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of October 8, 2021. All data from Northeast Florida Multiple Listing Service. | Report © 2021 ShowingTime.