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

Ponte Vedra / Nocatee (St. Johns County)

- 1.1%

- 40.4%

+ 33.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 27

September

New Listings Closed Sales

Year to Date

2020

2021

+/–

2020

2021

+/–

89

88

- 1.1%

943

779

- 17.4%

104

62

- 40.4%

797

656

- 17.7%

$428,450

$573,700

+ 33.9%

$449,000

$536,896

+ 19.6%

Percent of Original List Price Received*

98.6%

101.4%

+ 2.8%

98.3%

102.6%

+ 4.4%

Percent of Properties Sold Over List Price*

14.4%

41.9%

+ 191.0%

14.6%

45.4%

+ 211.0%

Days on Market Until Sale

78

17

- 78.2%

73

29

- 60.3%

Inventory of Homes for Sale

158

76

- 51.9%

--

--

--

Months Supply of Inventory

1.7

0.9

- 47.1%

--

--

--

Median Sales Price*

* 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

2021

943

104

89

2020

797

779

88

656

62

- 1.1% New Listings

- 17.7% Closed Sales

- 17.4% New Listings

- 40.4% Closed Sales

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

All MLS

b

Ponte Vedra / Nocatee (St. Johns County)

a

+ 50% + 40% + 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.