Real Estate News

Odom’s Mill Real Estate Market Update

Posted on by Lisa Barton

Odom's Mill is a lovely neighborhood in Ponte Vedra Beach with approximately 250 homes. This community has been very popular with buyers over the last five years. In 2018, our team helped five families find their perfect new homes in Odom's Mill. One property sold before going on the market and another sold for the highest price per square foot ever in the neighborhood!

We've noticed some pretty dramatic real estate market trends in Odom's Mill -- many of which are exciting to home owners! 

Here are some highlights of the positive trends:

 

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Ponte Vedra Residential Real Estate Market Update (Through February 2019)

Posted on by Lisa Barton

Sales continue to be strong in the Ponte Vedra area, both for the month and year-to-date, when compared with the same months last year.

Macro-economic indicators also continue to be very strong:

  • Near full employment.
  • Signs of rising wages.
  • Recent guidance from the Fed that interest rate increases are unlikely in the coming months, helping mortgage lenders keep 30-year mortgages low, hovering around 4.375%.

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Home Is…

Posted on by Lisa Barton

Working with your preferred licensed real estate agent can have numerous benefits - including helping with property investment opportunities and having knowledge of the real estate tax advantages. Learn more in this video, "Home is..."

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Ponte Vedra Beach Market Update - Winter 2018

Posted on by Lisa Barton

The consensus outlook for the U.S. economy continues to be optimistic for the remainder of 2018 and full year 2019.  Real GDP is projected to grow 2.9% and 3.1%, respectively, for the 4th Quarter 2018 and all of 2019—this compares favorably to 2.2% in 2017.  Unemployment is forecasted to remain below 4% through 2019. Existing home sales, while lower than the past two quarters, are thought to improve to $5.4 million in FY 2019.  The housing market will face some headwind from rising mortgage rates and existing home sales prices.

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Mortgage Rates - What’s in Store for Ponte Vedra Beach Mortgages?

Posted on by Lisa Barton

Most home sales in Ponte Vedra Beach make use of a conventional or jumbo mortgage. We asked our favorite loan officer for insight into what to expect next year for mortgage rates. Here's what he had to say:

Forecasts for mortgage interest rates for 2019 and beyond are all over the map. Ranging from an expectation of between 5.3% and 6% by year end 2019 all the charts agree on one thing - mortgage rates will continue to rise through the next two years! At this time last year, the professional forecasters were predicting that rates would be between 4.375% and 4.75% by year end 2018; however most lenders actually tipped over the 5% rate this past week for the traditional 30 year mortgage.

So, from a recent historical perspective, rates at year end last year were in the 3.75% to 4% range, the first time 4% was achieved consistently in several years. This year was the first time in many, many years that 5% was reached.

Let’s examine what best case and worst case projected increases for 2019 mean for your potential 30 year mortgage if you wait another year to make a home purchase in Ponte Vedra:

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Summer Trends in Home Design Spotted in Ponte Vedra Beach

Posted on by Lisa Barton

Whether you are selling your home or just looking to update the interior, here are this year’s hottest summer trends spotted in Ponte Vedra Beach that will keep you cool for the season.

  • Ice Cream Pastels - “Gelato colours are going to be a huge trend in both interiors and fashion this year” (Housebeautiful.com). The color pop of brightly colored pillows or vases brings the sunshine indoors, without running up the AC bill!   

  • Geometrics - From rugs and upholstery to wallpaper and art, geometric designs are hot this summer.  Figurines can offer an interest piece on a coffee table, and wall art brings a new, modern dimension to the room. 

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