Jacksonville Real Estate Trends in March – Home Prices & New Listings Are Up

April 25, 2018

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“One thing I can say about George… he may not be able to keep a job, but he’s not boring.” Barbara Bush

Barbara Bush was a great lady who had a great perspective on life and I will miss her.

The Northeast Florida Association of Realtors market stats for March 2018 continue to show strong buyer demand and the inventory of available homes remains tight with a 3.3 months supply. A balanced market is 5 to 6 months of supply.

This continues to cause the significant rise in prices. The median sales price is $224,118 which is up 15% over last March and 14% year to date. The average sales price of $269,415 is up 11% over last March and 12% year to date.

The builders are trying to meet the demand. The Northeast Florida Builders Association reports 1,519 building permits issued in the four county MSA in January and February 2018 compared to 1,289 for the same period last year reflecting a 17.8% increase.

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Congrats to our Top Realtors for March & the 1st Quarter of 2018!

April 12, 2018

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Congratulations to our top agents for March and the 1stquarter!

Mirtha Barzaga is our top producer, top lister and top sales agent for March. Mirtha had an amazing month with 9 closings in March.

Mirtha also took all three honors for the 1stquarter. Mirtha knows all the new communities and sells a lot of new construction.

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Jacksonville named #1 real estate investment city in U.S.

March 27, 2018

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Jacksonville was recently dubbed as the best city for real estate investing in 2018. The ranking was determined by home improvement company Renoviso, which based its list primarily on two important factors: affordability and growth.

Specifically, a city’s affordability can be found using the area’s median home price and number of high-paying jobs available. A city’s growth is based on population increases and job market. Other factors considered in the ranking included rate of return on investment (capitalization rate) and potential supply and demand of rentals. Read more

Jacksonville Real Estate Trends in February – Home Prices & New Listings Are Up

March 26, 2018

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“My home is in Heaven. I’m just traveling through this world.” Billy Graham
It is hard to be sad at Billy Graham’s passing because he is finally home. He has inspired us for many years and I will miss him.
I wanted to share my thoughts on the local real estate market and the new tax law related to the housing industry.
The Northeast Florida Association of Realtors market stats for February show a very similar trend to last year. January and February historically are less active for contracts and closings with our market heating up in the spring.
Pending sales were up slightly (0.1%) from 2,356 last February to 2,358 this year. Closed sales were down 4.3% from 1,857 last February to 1,778 this year. Read more

DAVIDSON REALTY’S BEACH OFFICE SPOTLIGHT – STEVE RODRIGUEZ

March 23, 2018

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Steve Rodriguez came to Davidson Realty in June of 2017. He was recruited by Lynn Whitley after she met him to get her cell phone repaired, which Steve does part-time. Steve primarily works out of Davidson Realty’s Beach office. Here is the scoop on Steve…
1. Born? He is a Jacksonville, FL native.
2. Favorite type of food? Tacos! His favorite restaurant is Burrito Works Taco Shop, which is known for its California flavor spin on Mexican food. Read more

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