Congrats to our Top Realtors for June & Second Quarter of 2018!

July 9, 2018

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June was sizzling and our best month this year with over $13 million in closings. I want to recognize our top performing agents for the month and quarter.

 

All three top awards for closings, listings and sales, go to Suzy Evans for the month. Suzy had $1.2 million in closings and $1 million in sales. Congratulations!

 

 

Our top producing team for closings and sales is The Nemethy Group. Shelley and Tim had a great month. They also are the top producers and sales for the 2nd quarter.

 

 

Our Jacksonville Beach office is coming on strong with Margherite Myers as our top producer and Steve Rodriguez as top sales.

 

 

The 2nd quarter was very good with $36 million in closings.

 

Mirtha Barzaga continued her amazing year by achieving all three top awards for the quarter, top producer, listings and sales with $3.2 million in closings and $3.4 million in sales.

 

Jennifer Todd was our Jacksonville Beach office top producer with $3.1 million in closings and top sales for the quarter.

 

 

Thanks to our entire team for an awesome month and quarter!

Jacksonville Real Estate Trends in May – An increase in new listings which is very good news!

June 26, 2018

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The Northeast Florida Association of Realtors market stats for May show an increase in new listings which is very good news. There were 3,797 new listings in May which is up 9% over last May and we are up by 7% year to date.

 

Even with the increase in new listings, the inventory of homes for sale is down 9% from last May to 8,398 properties. There are 3.4 months of supply of inventory which is down 13% from last May. A balanced market is 5 to 6 months of inventory. The shortage of homes for sale is most acute in the price ranges under $300,000.

 

There is plenty of buyer demand. There were 2,996 contracts written in May which is an 11% increase over last May. Pending sales are up 6% year to date.

 

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Congrats to our Top Realtors for May 2018!

June 7, 2018

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The summer selling season is here! We had a great month in May with over $11 Million in closings and sales for the month with lots of happy home buyers and sellers.

 

Our Top Producer for the month is Michelle Gonzalez with over $ 1 Million in closings. Michelle closed new construction and existing homes for several friends and previous customers.

 

The Top Sales agent for the month is Mirtha Barzaga with $1.9 Million is sales. Mirtha is one of our tops every month.

 

The Top Lister for the month is Gail George with two great listings sold.

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Jacksonville Real Estate Trends in April – Millennials, Boomers & Investors all Competing for Homes

May 29, 2018

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The biggest issue we discuss every month is the homes available for sale in our local market and the nation. The largest shortage continues to be in the lower price homes. Millennials, boomers and investors are all competing for these homes creating a very competitive market.

 

According to the Northeast Florida Association of Realtors market stats for April 2018, the inventory of homes available for sale is down 9.4% from last year to 8,264 homes. The inventory of homes under $150,000 is down 40% from last April and the homes between $150,000 and $200,000 is down 19%.

 

There is 3.4 months supply of inventory available which is down 12.8% from last year. A balanced market is 5 to 6 months of inventory available.

 

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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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