Northeast Florida Market Stats | May 2024

June 25, 2024

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“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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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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Davidson Realty