Sales at Ocean’s Edge condominiums in South Jacksonville Beach were over $2 million for the first quarter of 2013.
According to MLS statistics provided by the condo’s agency, the community reported 11 sales and more than $2.2 million in sales volume during the first quarter. Of all the condominiums that sold and closed in the first quarter of 2013, Ocean’s Edge garnered a 45 percent market share for condominiums priced from $160,000-270,000 in the beaches real estate market of Atlantic Beach, Neptune Beach, Jacksonville Beach and Ponte Vedra Beach.
“The beaches condominium market has changed considerably in recent months. Sales have been increasingly strong while available inventory is shrinking to next to nothing,” said Victoria “Vikki” Robbins of Victoria Robbins Realty, the real estate company responsible for sales at Ocean’s Edge.
“There is a high demand for condos and virtually no supply, and those condominiums that are available are not staying on the market for very long.”
Based on current MLS data, she said the condominium inventory for all price ranges at the beach has dropped to less than a three-month supply. Additionally, the available inventory is not staying on the market for as long, according to Robbins.