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…)

December 26, 2013

November Real Estate Trends – 2014 Predictions Show Continued Housing Recovery

Having a place to go – is a home. Having someone to love – is a family. Having both – is a blessing. ~Donna Hedges

This is the time of year when our thoughts turn to home and family. My parents will celebrate their 64th wedding anniversary later this month. I have been very blessed.

The Northeast Florida Association of Realtors market stats for November continue the positive trends we have seen all year. The pending sales were up 15% over last November and 23% year to date.

Closed sales were down 2% from last November but up 23% year to date. The closings were down compared to the same month last year because lender-mediated closings are down 15%, while traditional closings are up 7%. Lender-mediated closings accounted for 36.4% of total closings compared to 41.8% November 2012. (more…)

December 1, 2009

Update on Market Trends for October 2009

Sherry DavidsonwebAfter reviewing the Northeast Florida Association of Realtors October Market Stats, I continue to see real estate in Jacksonville, FL stabilizing.

The pending sales in October are up 79% over last year, but that is misleading unless you put into context what the market was like last October. If you remember, the country was experiencing a financial market meltdown. The pending sales are good and improving every month. August pending sales were 1, 479, September was 1,535 and October was 1,729. That is a terrific trend.

The prices of homes in Northeast Florida seem to be stabilizing. The median sales price for August, September, and October were $149,900, $145,000, and $146,000. The average prices for the same months were $179,411, $175,108 and $179,205. The year to date average sales price is down about 20% from last year. (more…)

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