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…)

July 31, 2015

Jacksonville FL Real Estate Stats – Pending Sales up 32% from June 2014

“Isn’t it funny how day by day nothing changes, but when you look back everything is different…” C. S. Lewis

I am seeing solid steady improvement in the real estate market. I much prefer steady improvement over the roller coaster ride we have been on for many years.

The June 2015 Northeast Florida Association of Realtors (NEFAR) market stats show steady improvement in pricing, closings and pending sales. The average sales price in June is $224,387 which is an increase of 6% over the June 2014 price of $210,846. The year to date increases were 4% in 2014 and 6% in 2015. The median sales price is $183,590 and show similar year to date increases of 4% in 2014 and 8% in 2015. (more…)

May 27, 2015

Jacksonville Real Estate Trends in April 2015 – Pending Sales, Closings & Prices all up!

Courage is what it takes to stand up and speak; courage is also what it takes to sit down and listen.” ~ Winston Churchill

It takes real courage to work in the real estate industry these days. Even though things are very positive at the moment, the last 8 years have had many false starts and there have been lots of ups and downs. Most of the people I know in our industry continue to be cautious.

The April 2015 Northeast Florida Association of Realtors market stats show a strong spring market. Pending sales, closings and prices are up and the homes available for sale are down. The trends could not be much better. (more…)

April 29, 2015

Jacksonville Real Estate Trends for March – Pending Sales Higher This Month Than March 2005!

People ask me what I do in winter when there’s no baseball. I’ll tell you what I do. I stare out the window and wait for spring.” – Rogers Hornsby

Spring is here and the Northeast Florida Association of Realtors market stats look strong. The most impressive trend I see is pending sales. There were 2,752 contracts written in north Florida in March 2015. This is 30% more than last March when 2,121 contracts were written. The pending sales are up 22% year to date over the previous year (7,038 compared to 5,766). The most staggering fact is that during the peak of the market in 2005, pending sales reached almost 2,500 for two months and we have approximately 250 more pending sales this March. (more…)

September 23, 2014

Jacksonville FL Real Estate Trends in August – This Month’s Pending Sales up over 21% From August 2013

It’s not the will to win that matters—everyone has that. It’s the will to prepare to win that matters.“ Paul “Bear” Bryant

With football season underway, it is nice to start with a quote from a true legend. I will not discuss football or baseball since the teams I love all seem to lack the additional preparation to win.

The Northeast Florida Association of Realtors market stats for August continue to show the positive trends that we have been seeing since March of this year. The most impressive to me is pending sales. There were 21% more contracts written in August 2014 (2,305) than in August 2013 (1,901). There have been 17,061 contracts written year to date for an 11% increase over 15,429 last year. (more…)

« Newer PostsOlder Posts »

Florida Licensed Real Estate Broker