By Gwinn Volen
The media home sales price in Ponte Vedra Beach was around $415,000 in 2015, according to the Northeast Florida Association of Realtors. That’s really high, if you consider that the median sales price for all of Northeast Florida was $170,000.
If you think about your home town, I’m sure the numbers would startle you in comparison. I’m from Augusta, GA, and though the exact data I want isn’t readily available, it looks like the median home sales price there would hover around $85,000. What?! Every time I look at real estate there I’m blown away by what your money can get you. A $200,000 home is quite nice, and by the time you hit $600,000 you are talking high, high end.
People are often looking for investment property in the Ponte Vedra Beach real estate market, and 200k seems to be the high for many people. Same goes for starter homes. I know when I was looking for my first home, 200k would’ve definitely been my max!
With all that, what does the under $200,000 price tag get you in Ponte Vedra Beach? For a single family home, there are actually only two properties, one of which is under contract and the other just had a price reduction, which means it’ll go quickly. There are 28 condominiums at the price point, seven of which already have contracts on them!
Bottom line, properties at this price point are few and far between and tend to go quickly. People want St Johns County schools, and they want the proximity to the beach! Before making the plunge, be sure to check for condominium and homeowner’s association fees, and of course any lurking association assessments! You should also set a fixes/renovation budget when looking at the price.