2012 Ponte Vedra Real Estate Forecast
If you read economic forecasts from our Realtor Economists and banking friends, 2012 projects to be a starting point for what is expected to be a steady, albeit slow, housing recovery. Values are projected to stabilize, new construction is expected to show improvement and banks are more aggressively expediting short sales and foreclosures. The mood here in Ponte Vedra Beach is for a stronger year than 2011 as buyers take advantage of the great opportunities that still exist. As the inventory begins to dissipate, prices will ultimately begin to increase, which should ultimately lead us into a stronger Seller’s market. The message should be clear to all the “fence sitting buyers”, which is BUY NOW while both prices and interest rates are low. Ponte Vedra and the beaches real estate has proven a strong resale track record and we will expect that trend to continue.