December 22, 2015

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

“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%. (more…)

March 20, 2014

Jacksonville Real Estate Trends for February Show a Normalizing Market

“Do not let what you cannot do interfere with what you can do.” – John Wooden

I thought this quote was appropriate when I read RealtyTrac’s report that Florida is still the number 1 state in the nation in foreclosure activity even though initial filings dropped 24% in February from the previous year. The judicial foreclosure process drags on for 1,095 days on average. Only Arkansas and Hawaii have longer time frames. Jacksonville ranked number 3 in highest foreclosure rates in the nation.

I cannot do anything about the foreclosure process, but I can take advantage of all the buyers looking in our area because of the schools, the improvement in jobs and the brutal winter that most of the country has experienced. (more…)

December 16, 2013

What You Paid for Your Home is Irrelevant

After more than 20 years in the North Florida real estate business through good markets and bad, this simple truth is proven right time and again:

What you paid for your home is irrelevant.

I understand this is hard for many people to hear because they think their sale price should be based on what they owe on their loan, improvements made to the house, how much they need for a down payment on their next home purchase, etc.  But homebuyers do not care about any of that.  A good Realtor will advise the seller that the price should be based on location, condition, specs (such as size, amenities, etc.) and recent comps.  Another factor is how quickly a seller needs to move. (more…)

January 5, 2012

A Great End to an Even Greater Year- Congrats to our Top Realtors in December & the 4th Quarter!

The final tally for 2011 is in and we’re thrilled to report that business was up over $8 million in sales and over $9 million in closings from 2010 to 2011!  We’re also happy that overall the North Florida real estate market is showing positive signs of continued improvement.  Our hats are off to our incredible team of St. Augustine Realtors, and special Dottie Originalthanks goes to our top performers in December and the fourth quarter of 2011.

Our Top Sales Agent and Top Listing Agent for December is Dottie Lay with almost $300,000 in listings sold and over $1 million in total sales. Seventeen different agents had sales in December for a total of over $4.2 million. Dottie had an amazing close to 2011 and we know that 2012 will take her even further!

MargheriteThe Top Producer for December is Margherite Myers with over $900,000 in closings! Our agents had over $4.2 Million in closings for the month. Margherite was on fire this month selling new home construction in The Cascades – World Golf Village’s premier active adult community.

suzyFor the 4th Quarter, our Top Sales Agent is Suzy Evans with over $1.3 million in buyer sales and over $2.5 million in total sales. Total sales for the quarter were over $16 million. Suzy was also our Top Sales Agent/Top Producer in November and our Top Lister in October.

Mirtha BarzagaThe Top Lister and Top Producer for the quarter is Mirtha Barzaga with over $1.7 million in listings sold and almost $2.8 million in total sales. She had almost $3 million in closings.  Our closings for the quarter were over $14 million. Mirtha was also our Top Lister in November and the 3rd Quarter.

Congratulations to the entire Davidson family for a year of progress!

November 28, 2011

North Florida Real Estate Trends – Housing Inventory Approaching Normal Market Equilibrium?

Before you can learn a new way of doing things, you have to unlearn the old way. So beginnings depend on endings.”– Rick Maurer

Everything has changed over the past few years and we have to learn to adapt. Some things haven’t changed though so when we see declining inventory and improved sales, you might well expect an improvement in the future housing market, especially if we can continue adding jobs in the northeast Florida area. I know the job growth has been slow but our area has started to see growth.

The Northeast Florida Association of Realtors market statistics for October, 2011 continue to show encouraging trends in the market. The pending sales are up 37.5% over October, 2010. The 12 month average for the most recent 12 months is 1,463 pending sales per month compared to 1,357 for the previous 12 months which is an increase of almost 8%.

The inventory of homes for sale in October, 2011 was 10,964 down 31.5% from 15,995 in October, 2010. The inventory has dropped consistently for the last 12 months. The largest drop in inventory is in the less than $150,000 price range at 36.5% however the $500,000 to $999,999 price range also dropped 28.5%. Of particular interest is that over the last year the price range hardest hit in our area ($500,000 – $999,999) has seen the strongest increase in sales with a 30.6% increase. (more…)

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