Jacksonville Real Estate Trends in March – Home Prices & New Listings Are Up

April 25, 2018

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“One thing I can say about George… he may not be able to keep a job, but he’s not boring.” Barbara Bush

Barbara Bush was a great lady who had a great perspective on life and I will miss her.

The Northeast Florida Association of Realtors market stats for March 2018 continue to show strong buyer demand and the inventory of available homes remains tight with a 3.3 months supply. A balanced market is 5 to 6 months of supply.

This continues to cause the significant rise in prices. The median sales price is $224,118 which is up 15% over last March and 14% year to date. The average sales price of $269,415 is up 11% over last March and 12% year to date.

The builders are trying to meet the demand. The Northeast Florida Builders Association reports 1,519 building permits issued in the four county MSA in January and February 2018 compared to 1,289 for the same period last year reflecting a 17.8% increase.

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Congrats to our Top Realtors for March & the 1st Quarter of 2018!

April 12, 2018

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Congratulations to our top agents for March and the 1stquarter!

Mirtha Barzaga is our top producer, top lister and top sales agent for March. Mirtha had an amazing month with 9 closings in March.

Mirtha also took all three honors for the 1stquarter. Mirtha knows all the new communities and sells a lot of new construction.

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Jacksonville Real Estate Trends in February – Home Prices & New Listings Are Up

March 26, 2018

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“My home is in Heaven. I’m just traveling through this world.” Billy Graham
It is hard to be sad at Billy Graham’s passing because he is finally home. He has inspired us for many years and I will miss him.
I wanted to share my thoughts on the local real estate market and the new tax law related to the housing industry.
The Northeast Florida Association of Realtors market stats for February show a very similar trend to last year. January and February historically are less active for contracts and closings with our market heating up in the spring.
Pending sales were up slightly (0.1%) from 2,356 last February to 2,358 this year. Closed sales were down 4.3% from 1,857 last February to 1,778 this year. Read more

Congrats to our Top Realtors for February 2018!

March 16, 2018

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I would like to congratulate our Top Producers for February 2018.

For the World Golf Village office Mirtha Barzaga was Top Producer (closings), Top Sales and Top Lister. She has started 2018 like a rock star with over $3 Million in sales for the month! Read more

Jacksonville Real Estate Trends in January – Prices Increase and Inventory of Available Homes Decreases

March 2, 2018

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“Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.”  John Wooden
The Northeast Florida Association of Realtors market stats for January shows the same trends we have seen for the last few years. There were 2,105 pending sales in January up 1% over last January. We have averaged 2,426 sales per month over the last 12 months.
We had 1,526 closed transactions in January which is an 11.5% decrease from last January. One month of activity doesn’t worry me because we were up around 10% for October, November and December.
The median sales price of $204,060 is up 17% from last January but is lower than November and December median price following the similar trend we see every year. The average sales price is the same story. The $244,795 average sales price is up 12.5% over last January but down from the last few months. Read more

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