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!

Find your new St. Johns County home for less than $300,000!

May 8, 2019

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With summertime moving season fast approaching, it is time to get busy finding your next home! Whether you are seeking more square footage, a space in which to retire or downsize, access to good schools, or you just want a slower pace, St. Johns County is the ideal place to lay down roots.

 

Residents love the county’s natural beauty, great school district and easy commute to Jacksonville and historic St. Augustine. But did you know there are plenty of affordable homes available as well?

 

That’s right! Here are several great St. Johns County home options below $300,000, all located in the county’s most sought-after zip codes.

 

 

345 North Shore Circle #1235, St. Augustine, FL 32092(MLS #982060)

3 bedrooms and 3 bathrooms, 1,921 sq. ft.

This roomy condo in The Residences at World Golf Village includes granite countertops, five-burner gas stove and double ovens, huge closets and a wide-open floor plan with vaulted ceilings. All the external convenience features are there, including elevator, car port and storage unit, as well as swimming pool and clubhouse access.

Wow factor: The third floor view overlooking the 8th green of the Slammer & Squire is unparalleled!

Jacksonville commute: less than 20 minutes

Listing price: $272,880

Contact: Realtor Lynn Whitleyat (904) 463-1600 or lwhitley@davidsonrealtyinc.com

 

Read more

St. Johns County’s Newest Community Oxford Estates Offers Large Estate-Sized Homes with no CDD Fees!

April 1, 2015

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Are you looking to avoid CDD (Community Development District) Fees? Then you need to check out St Johns County’s newest community—Oxford Estates.

Conveniently located to the County Road 210 corridor and State Road 13, it is nestled behind a Private Gate off of Long Leaf Pine Parkway. The community features NO CDD FEES which can save upwards of $2,900/year in your tax base and boasts LOW HOA Fees of only $850.00/year. The community boasts large estate-sized homesites with a minimum of 83’ fronts. All lots are either waterfront or wooded preserve. The community feeds into A-Rated St. Johns County schools and bus service is available immediately outside the gates of the community (Cunningham Creek Elementary, Swiss Point Middle School and Bartram Trail High School). Read more

Davidson Realty