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…)

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…)

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