Northeast Florida Market Stats | May 2024

June 25, 2024

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Posted by in News

“Failure will never overtake me if my determination to succeed is strong enough.” Og Mandino

 

Og inspires me every day. He shares so much wisdom.

 

The Northeast Florida Association of Realtors (NEFAR) May market stats show a slight increase in median sales price and a slight increase in closed sales. The median sales price of $375,000 for all property types is 3.2% higher than last month and 5.6% higher than last year. You may have seen articles that the median sales price went over $400,000, which it did for single family homes.

 

There were 2,604 closed sales in May, which is 3.1% higher than last month, but 8.2% lower than last year. We were seeing good sales activity in early April before mortgage interest rates went back above 7%. The properties that went under contract in late March and early April closed in May.

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The Benefits of a Pre-Inspection

June 24, 2024

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Posted by in News

Sellers may read pre-inspection and think, “Oh goodness, what’s that, another step in the selling process?” A pre-listing inspection is a home inspection that the seller has done before listing their home. Why would sellers want to do this? It can actually provide the seller and the realtor with valuable information that they can use to streamline and improve the selling process. We spoke with Lawrence Petraglia of South Country Home Inspections to learn a little bit more.

 

What are the benefits of doing an inspection before you list your home? Is it worth the money?

 

The benefit of a pre-inspection really comes down to creating a smooth real estate transaction. It’s arming the homeowner with knowledge. Some of the things our certified inspectors look at are the condition of the roof, garage, exterior covering, windows and doors, air conditioning and the overall structure of the home. If we do identify any defects, the seller has time to resolve them. If they’re discovered during the buyer’s inspection, you’re probably about two to three weeks away from the closing date. Now you’re scrambling to find a contractor, and finding the right professionals is not something you want to rush. If we discover a leaky roof, you’re most likely going to have a tough time finding a reputable roofing company that can come complete the job in that timeframe. A pre-inspection allows the seller time to address any issues.

 

Are there any differences between a pre-inspection and the inspection done by a potential buyer?

 

Absolutely none. We’re looking for the same defects and doing everything the exact same way we would for a buyer’s inspection. The report will detail any items or issues that would be considered a safety hazard or a major defect. Some may be an easy fix, others could be quite involved.

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Congratulations to our TOP Producers in May

June 18, 2024

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Posted by in Uncategorized

May was spectacular closing month for buyers and sellers alike. We are so appreciative of our team of real estate advisors who helped people make their customer’s real estate dreams a reality. It’s time to recognize our top agents for May! In our Q&A blog with our TOPS, we asked our best this month to share their top 3 local businesses they like to support. Read on for their suggestions:

 

Our Overall Top Producer for our company as well as our Jacksonville Beach team is Candy Gil with over 2.5 Million in closings for the month.
Candy – My top three locally owned businesses that I love are the following and not in any particular order.

 

1) Cottage By The Sea – It is owned by a good friend, Dale Gray, and they carry great furniture, and gift items for any season. The employees are friendly, knowledgeable, and professional. It has been at the beach for over 20 years.

 

2) MOS – Owned and operated by Lourdes McGuire – also at the beach for over 20 years. You need beautiful plant arrangements or gift items, candles, jewelry, clothes, MOS is the place to go. She will take the simplest plant and turn it into a beautiful arrangement.

 

3) Carla’s Shoes – There you will find shoe brands that are not available in our local Department Stores. The ladies that work there are friendly and will help you find exactly what you’re looking for.

 

I love to support our local businesses. Check them out and you will fall in love with them also.

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Northeast Florida Market Stats | April 2024

May 28, 2024

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Posted by in News

“A father doesn’t tell you that he loves you. He shows you.” —Dimitri the Stoneheart

 

Hope all of you wonderful Dads have an amazing Father’s Day in June. You have such a profound impact on your families.

 

The April 2024 market stats from the Northeast Florida Association of Realtors show continued stability in our prices. The median sales price for all property types in all 6 counties is $362,500 which is 0.7% higher than March and 6.6% higher than last year.

 

St. Johns County median price for all property types is $534,245. The single-family homes median price for St. Johns County is $600,000 which tops the record of $585,000 in July 2022. Just to compare the single-family median price in other counties:

 

Baker $305,000
Clay $352,000
Duval $ 345,500
Nassau $484,995
Putnam $244,950

 

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Congratulations to our TOP Producers in April

May 20, 2024

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Posted by in Uncategorized

We are thrilled to recognize and celebrate our top-performing agents for April!  Congratulations to these stellar professionals for their remarkable achievements and unwavering commitment to our customers and our community!  We asked our Top Agents this month “In their professional opinion what is the best value of real estate property in Northeast Florida market right now?”  Please read on as they share their picks!

 

Our Top Producer, Top Lister, and Top Overall Sales Agent for April with over $2.1 Million in closings is Mirtha Barzaga!

Mirtha – I have this listing in Cascades that is move-in ready and priced to sell.  It’s a great size for a 55+ buyer with an extended lanai, newer appliances and much more.

Follow this link to see the page:  https://www.flexmls.com/link.html?1ts5qxy9rkta,15,1  This link is valid until 6/9/2024.

If I was going to buy an investment property, I would look at a townhome with low fees in the low 300k’s with a reasonable HOA (200 to 350 dollars a month) in a neighborhood such as the WGV area that is desirable and where we could command a nice rental income.

Our Top Producing and Top Sales Team for the month is The Nemethy Group!  Shelley & Tim had over 1.8 Million in closings and 1.8 million in pending sales!

Shelley and Tim – 1532 Valhalla Way in The Cascades of World Golf Village is the best value in the community! It is a 55 and older community near golf, shopping, medical and restaurants. This gated community has outstanding amenities which include maintenance of the grounds, indoor and outdoor pools, fitness center, club house, pickleball, tennis, walking trails, activity director and so much more! This 2015 home has 2,517 square feet which includes a glassed in Florida room under heat and air. This gem is a great investment for full time or part time living!

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