Davidson Realty, Inc.

Dreaming About a Bigger Home? Now is Your Time!

May 23, 2012

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Posted by in News

If you’ve been waiting to upsize your home, it’s a good time to jump into the market. In fact, it seems like many buyers realize the prime opportunity for going bigger is now. Once again, the Northeast Florida Association of Realtors posted some positive market stats for March, including a 17% increase in pending sales for March 2012 over 2011. In our World Golf Village office, pending sales have been up 40% for the first quarter of 2012 over first quarter 2011. The price range with the largest increase in pending sales? Homes priced $1million and above have seen an 18% in pending sales.

A few factors make it a great time to “buy up.” First, if you’re one of the lucky Northeast Florida residents who have equity in your present home, that’s an advantage. Most likely the market has affected prices of the bigger homes you’re interested in. That’s definitely true if you’re looking to stay in the north St. Johns County area. So it’s safe to assume that if your present home has gone down in price/appraisal, so has the home that you’re interested in purchasing. Better pricing combined with low interest rates means strong purchasing power for qualified buyers. Additionally, with drops in pricing comes lower taxes.

Current conditions won’t last so homebuyers who have outgrown their current homes or want to take advantage of great pricing to acquire their dream home, should be looking now. We currently have two stunning custom homes in the area that are priced at least 30% lower than they would have been just three years ago – one at $849,000 in the King & Bear, and an estate on more than 19 acres priced at $1,395,000. Give one of our Jacksonville Realtors a call at 904-940-5000 or come by Davidson Realty to learn more.

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