Northeast Florida Real Estate Market Update

June 18, 2021

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“Dad: A son’s first hero, a daughter’s first love.” —Unknown

 

I want to wish a Happy Father’s Day to every Dad because you are incredibly special.

 

The Northeast Florida Association of Realtors market stats show that new listings of 3,785 are up 12.7% over last May and we are up 1.9% year-to-date. The Northeast Florida Builders Association shows building permits through April of 5,170 permits which is a 45% increase over the same period last year.

 

While new listings and new construction is great news, the inventory of available homes continues to fall. There were 3,847 homes available for sale in May compared to 9,147 last May for a 57.9% reduction. There is 1.1 months supply of inventory available. A balanced market is 5 to 6 months of inventory.

 

The reason inventory continues to fall is the increased demand. There were 3,672 pending sales in May which is up 18.5% over last May. Pending sales are up 25.5% over the same period year-to-date. The 3,276 closed sales are up 37.2% over last May and 25.0% over same period year-to-date.

 

The median sales price of $290,000 is up 16.9% over last May and the average sales price of $363,044 is up 26.1% over last May. A staggering 41% of homes closed in May sold over their list price.

 

The median sales price in May by county:

Baker $264,900

Clay $277,500

Duval $260,000

Nassau $344,893

Putnam $156,000

St. Johns $415,000

 

Many of the builders are limiting their sales currently due to supply and labor issues. While we keep hearing about lumber shortages, the National Association of Home Builders reports that appliances are the biggest issue with lumber a very close second. A key reason for the appliance shortage is the computer chips, which most now require.

 

The market still favors sellers; however, with some persistence, many buyers are successfully getting the home they want under contract. If we can help you with a purchase or a sale of your home, please let us know.

 

Please save the date for our Davidson Cares Clay Day 2021. Our event is October 21, 2021 at Jacksonville Clay Target Sports.

 

Happy Father’s Day!

Mattamy Homes Build Distinction in RiverTown

October 26, 2012

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Last month we toured the beautiful RiverTown community in Northwest St. Johns County and this month we are catching up with Jason Beard, a site agent for Mattamy Homes (one of the three builders in the community) to learn a little more about Mattamy Homes’ presence in RiverTown. Mattamy Homes is offering distinctive high quality, energy efficient homes that complement the warm and inviting RiverTown aesthetic. Read more

Free Home Trends Open House – October 18 at 7 pm!

October 9, 2012

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Whether you’re considering some minor home upgrades, a major renovation or a new home build, the Davidson Speaker Series on Home Trends is for you! Join us on October 18 at 7:00 pm when we invite a variety of experts to discuss the latest trends in home improvements, building and design.  Whether you’re a homeowner considering updates for your home, in the market for a new home or custom build, or a real estate professional who wants to be “in the know,” this Home Trends Open House is a great opportunity to hear from experts in the field and get your questions answered.
Topics include: Read more

More Great News for Northeast Florida Real Estate in August’s Market Trends!

September 25, 2012

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Your present circumstances don’t determine where you can go; they merely determine where you start.” – Nido Qubein

I am very happy with my starting point in the housing market right now. All of the trends in the Northeast Florida Association of Realtors Market Stats for August continue to be very positive.

The most encouraging trend is Pending Sales. There were 2,011 contracts written (pending sales) in August which is a 34% increase over the 1,497 contracts in August 2011. Year to date through August we have 13,724 pending sales which is 16% more than the 11,879 pending sales last year at this time.  We continue to see strong buyer activity and multiple offers on many listings. Read more

Let’s Explore RiverTown – St. Johns County’s Only Riverfront Master-Planned Community

September 17, 2012

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Our community feature this month is RiverTown, a beautiful 4,000-acre master-planned community in Northwest St. Johns County situated along four miles of the St. Johns River. Join us as we follow Project Manager Stephen Power on a tour, exploring the Main Street neighborhood and The Lakes neighborhood. Next month, we will take a look at RiverTown’s outstanding amenities, including Riverfront Park, and visit with our RiverTown builder friends.  Read more

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