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…)

September 20, 2016

Jacksonville Real Estate Trends in August -Top 4 Reasons Closings Get Delayed

“At the moment when you feel like you have reached the point of absolute exhaustion, inspire yourself to take one last step, and that is when you have successfully arrived to the next level.” Master Jin Kwon

This quote really inspires me because it is so rare to see true mastery in sports, the arts and business. It is fun to have college and professional football back and the final days of baseball for this year.

The Northeast Florida Association of Realtors market stats for August continue to show a strong local real estate market. The closings and pending sales are up, the median and average sales price are up and the inventory of homes for sale and percentage of distressed properties are down. All of these trends are very positive. (more…)

July 22, 2016

Jacksonville’s Real Estate Trends in June Show Highest Pending Sales to Date!

“Lighthouses don’t go running all over an island looking for boats to save; they just stand there shining.”

According to UCF economist Sean Snaith in his 2nd quarter Florida & Metro Forecast, Florida’s economy is shining. He predicts that Florida’s economy will continue to grow at a faster pace than the national forecast for the next four years because of rising job growth and home construction. (more…)

March 23, 2016

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

“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. (more…)

January 21, 2016

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

“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. (more…)

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