June 27, 2017

Jacksonville’s Real Estate Trends for May Continue to Show Pending Sales are Still Booming!

“Every man’s life is a fairy tale written by God’s fingers.” Hans Christian Andersen

My husband’s life truly is a fairy tale thanks to an organ donor. We are celebrating 9 years since Jim’s transplant and we count our blessings and friends every day.

The Northeast Florida Association of Realtors market stats for May are extremely positive. The pending sales in May of 2,839 are 6% more than last May and we are up 5% year to date. The last 3 months our totals are higher than the number of transactions in the peak of the market in 2005 and 2006. We are continuing to see strong buyer activity. (more…)

May 30, 2017

Jacksonville Real Estate Trends in April – 1st Quarter was the Best Quarterly Sales Pace in a Decade!

“Commitment is an act, not a word.” Jean-Paul Sartre

This quote seems very appropriate for everyone in the real estate industry. We are trusted with the largest purchase in most family’s lives. Thankfully, we have many great professionals in the real estate industry that act with true integrity.

The local and national real estate market is heating up for the summer. An article from Florida Realtors about the National Association of Realtors midyear forecast says “The first quarter was the best quarterly existing sales pace in exactly a decade (5.62 million), and Yun (Lawrence Yun, NAR chief economist) expects activity to stay on track and finish around 5.64 million – the best since 2006 (6.47 million) and 3.5 percent above 2016. With several metro areas seeing hefty price growth, the national median existing-home price is expected to rise around 5 percent this year.” (more…)

April 21, 2017

Jacksonville Real Estate Trends in March – Highest Number of Contracts Written Ever!

“I saw the angel in the marble and carved until I set him free”. Michelangelo

I hope you had a wonderful Easter and are enjoying the awesome spring weather! The Northeast Florida housing market is heating up according to the Northeast Florida Association of Realtors market stats.

The pending sales for March jumped 10% from last March to 2,893. This is highest number of contracts written in any month including the peak of the market in 2005. (more…)

March 31, 2017

Jacksonville Real Estate Trends in February – More First Time Homebuyers!

“It’s what you learn after you know it all that counts.” John Wooden

With March Madness in full swing, we can always use some wisdom from John Wooden. May your team finish strong.

An interesting article on Forbes.com with Lawrence Yun, chief economist of the National Association of Realtors discusses how rising populations and growth in the job market will have a large impact on housing demand over the next decade. Yun says “About 325 million people currently live in the U. S., and population projections forecast a 27 million increase to 352 million in 10 years.” (more…)

February 21, 2017

Jacksonville Real Estate Trends in January – It’s A Seller’s Market!

“Don’t fear failure. Fear being in the exact same place next year as you are today.”

Dr. Sean Snaith, the Director of the Institute for Economic Competitiveness at the University of Central Florida released the Florida forecast in December 2016 for 2016-2019 and the report is very encouraging. He is predicting Real Gross State Product (RSGP) to grow an average of 3.7% annually in 2016 through 2019. (more…)

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