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Market Conditions in Ponte Vedra : Real Estate Advice

  • All21
  • Local Info2
  • Home Buying11
  • Home Selling2
  • Market Conditions1

Activity 4
Fri Oct 25, 2013
Jim Olive answered:
We just saw all-time record lows, so the chance of seeing them go down again is very slim. It is probably as unlikely as seeing them go back up to their all time highs back in the early 80's, when they hit the high teens!! But gradual growth can most likely be expected... ... more
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Fri Oct 25, 2013
Brent Seaman answered:
Considering the age of when this question was originally asked, the market in PV has returned quite well.
0 votes 5 answers Share Flag
Fri May 27, 2011
Phillip Thompson answered:
In the words of Warren Buffett "When everyone else is saving spend and when everyone else is spending save." If you feel that an investment property is a right move for your financially then investment property could help you diversify.

When has the buying enviorment every been better? I have added a link that show a graph of rental property rate in Ponte Vedra. It will give you a snapshot over the last three years!

Jacksonville Real Estate Insider
Phillip Thompson
... more
2 votes 2 answers Share Flag
Thu May 22, 2008
Shonda Campanaro,REALTOR® answered:
The best way to determine the value of your home is to have an appraisal or get a CMA performed by a Real Estate Agent. No one can tell you what your home is worth without viewing it as well as other listings in the area. Running statistics on the Internet won’t give you true value, because your home may have features in it that would make it more valuable than the others.

In determining a fair market value for your home, we study three categories of properties.

*Actives - The most important group of homes are those that are currently on the
market in direct competition with yours.

*Sold - Second in importance are comparable homes that have sold and closed in
t he last 3 months.

*Expired - And of least importance are homes that failed to sell and were taken off
the market in the last 3 months.

You see….your home is worth exactly what a buyer is willing to pay for it….based on the other properties available to them on the day they decide to buy. In other words, if your home is considered to be the best value in its price range…it will sell. If another property is considered to be a better value, it will sell and yours won’t.

Hope this helps. If you would like a complimentary market analysis give me a call

Shonda Sauls,REALTOR®
Prudential Network Realty
(904)260-4300 #625 Office
(904)962-6139 Mobile
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