Jacksonville’s Real Estate Trends in February – Great News for Home Sellers!

March 23, 2016

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“We are told to let our light shine, and if it does, we won’t need to tell anybody it does. Lighthouses don’t fire cannons to call attention to their shining – they just shine.” Dwight L. Moody

The Northeast Florida Association of Realtors market stats for February bring you really good news if you are thinking of selling your home. Even though there were 3,146 new listings in February, 6% more than February 2015, the inventory of homes for sale dropped 17% to 9,027 properties. This is the lowest number of homes on the market in our area since late 2005. Read more

Jacksonville’s Real Estate Trends in January – Low Inventory Makes For a Great Seller’s Market!

February 23, 2016

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“Nothing, Everything, Anything, Something: If you have nothing, then you have everything, because you have the freedom to do anything, without the fear of losing something.” — Jarod Kintz

The Northeast Florida Association of Realtors market stats indicate that 2016 is off to a great start with pending sales of 2,141 which is 10% more than last January. The last 12 months have averaged 2,322 pending sales per month compared to the previous 12 month’s average of 1,995 for a 16% increase. Read more

Jacksonville’s December Real Estate Trends – Distressed Homes Down by 53%

January 21, 2016

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“Perfection is not attainable, but if we chase perfection we can achieve excellence.” Vince Lombardi

Florida Realtors published a great article reviewing 2015 and looking ahead to 2016. I would like to share the highlights with you.
1. The market – According to Freddie Mac’s latest Multi-Indicator Market Index, Florida’s real estate rebound led the nation, with Orlando the top U. S. rebound city.
2. Inventory is getting tighter – Some underwater owners still can’t sell, some boomers are staying put, and some investors scooped homes in the lower-price categories, leaving today’s first-time buyers struggling. Read more

Jacksonville Real Estate Trends in November – Industry Experts Predict Home Sales Reaching Highest Level Since 2006

December 22, 2015

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“Yesterday is not ours to recover, but tomorrow is ours to win or lose.” — Lyndon B. Johnson

A great thought as we wrap up 2015 and embark on a wonderful new year in 2016. This time of year most of us begin planning the next year so let’s look at a few of the predictions.

The 2016 housing forecast issued by realtor.com said “New home construction and moderate gains in the existing home market will deliver a one-two punch that pushes total home sales to the highest levels since 2006.” They are predicting total sales for existing and new homes will reach 6 million, prices will grow around 3% year-over-year and new home sales will grow 16%. Read more

Jacksonville’s October Real Estate Trends – Florida Mortgage Delinquencies Have Biggest Drop of Any State

November 25, 2015

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“In daily life we must see that it is not happiness that makes us grateful, but gratefulness that makes us happy. And that gratefulness always leads to a satisfied, simplified life.”

I am very grateful for my family, our company and all of you that have referred business and contributed to our growth this year. Please save the date January 21st from 4:00 to 7:00 for the grand opening of our Beach office to see our latest growth.

The NEFAR October market stats show continued recovery in our real estate market. The pending sales are up 10% over last October and 17% year to date. The closed sales are down 2% from last October, but are up 12% year to date. I would like to add that traditional closed sales for October are up 6% over last October and the distressed sales are down 19%. It is very positive that distressed sales have dropped so much. Read more

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