October 31, 2017

Jacksonville Real Estate Trends in September – Irma Recovery & 2018 Housing Predictions!

“Change before you have to.” Jack Welch

We had finally settled into a more stable real estate market this year without quite so many wild swings, and then Irma decided to pay us a visit. Change is always coming.

The Northeast Florida Association of Realtors market stats for September show new listings down 21% and closed sales down 25% which are the most obvious impacts from Irma. We were stuck in a holding pattern waiting for the storm for days and then with the aftermath clean up and repairs, fewer people listed their home for sale. Closings were delayed due to insurance issues, re-inspections and repairs. (more…)

August 25, 2015

Jacksonville’s Real Estate Trends in July – Pending Sales Higher Than 2005′s Market Peak!

The only fool bigger than the person who knows it all is the person who argues with him. - Stanislaw Jerszy Lec

I don’t want to be the person who knows it all, but I would like to share with you my insights into the real estate market based on the July statistics produced by the Northeast Florida Association of Realtors.

The local real estate market is going strong. Pending sales for the last 5 months have been higher than they were during the peak market of 2005. There were 2,661 pending sales in July which is 24% higher than the previous July. Pending sales are 20% higher year to date than the previous year to date. (more…)

June 20, 2013

Jacksonville FL Real Estate Trends in May – New Listings, Closings, Sales and Prices are all up!

I’d rather be a could-be if I cannot be an are; because a could-be is a maybe who is reaching for a star. I’d rather be a has-been than a might-have-been, by far; for a might have-been has never been, but a has was once an are.” — Milton Berle

If you did not have to read that more than once, you are much smarter than me.

I would like to share a few insights from Dr. John Tucillo, the chief economist for Florida Realtors who spoke in Jacksonville recently.

  • 1- The real estate market is heavily tied to employment. Employment will not change significantly unless we have new industries to create employment or we restore manufacturing. (more…)

Florida Licensed Real Estate Broker