Ponte Vedra Beach Year End Market Report

At the end of December, 2008, the overall market in Ponte Vedra Beach North continued to decline, creating great investment opportunities.

Dec.2008 From Dec.'07 Year to Date

New Listings	23	-14.8%	369	-23.9%
Closed Sales	4	-60%	85	-33.1%
Median Sales Price	$630,000	-12%	$650,000	-7%
Sold Price vs. Listed Price	82.5%	-3.8%	87%	-3%
Average Days on Market	211	+91.5%	141	+18%
Single Family Inventory	135	-15.6%
Townhomes / Condo Inventory	41	-4.7%

These statistics are from the Northeast Florida Association of Realtors, (NEFAR) and do not include private sales, or sales from non-members.

While Ponte Vedra Beach is a high end market, it has not been untouched by foreclosures due to aggressive condo investments and heavily financed homes. This provides a unique opportunity for potential home buyers who want to enjoy beautiful beaches, great golfing and beautiful northeast Florida climate.