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Jacksonville Real Estate Trends in August -Top 4 Reasons Closings Get Delayed

September 20, 2016

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Posted by in News, Northeast Florida Market Trends

“At the moment when you feel like you have reached the point of absolute exhaustion, inspire yourself to take one last step, and that is when you have successfully arrived to the next level.” Master Jin Kwon

This quote really inspires me because it is so rare to see true mastery in sports, the arts and business. It is fun to have college and professional football back and the final days of baseball for this year.

The Northeast Florida Association of Realtors market stats for August continue to show a strong local real estate market. The closings and pending sales are up, the median and average sales price are up and the inventory of homes for sale and percentage of distressed properties are down. All of these trends are very positive. Read more

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Jacksonville’s Real Estate Trends in June Show Highest Pending Sales to Date!

July 22, 2016

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Posted by in News, Northeast Florida Market Trends

“Lighthouses don’t go running all over an island looking for boats to save; they just stand there shining.”

According to UCF economist Sean Snaith in his 2nd quarter Florida & Metro Forecast, Florida’s economy is shining. He predicts that Florida’s economy will continue to grow at a faster pace than the national forecast for the next four years because of rising job growth and home construction. Read more

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Jacksonville’s Real Estate Trends in February – Great News for Home Sellers!

March 23, 2016

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Posted by in News, Northeast Florida Market Trends

“We are told to let our light shine, and if it does, we won’t need to tell anybody it does. Lighthouses don’t fire cannons to call attention to their shining – they just shine.” Dwight L. Moody

The Northeast Florida Association of Realtors market stats for February bring you really good news if you are thinking of selling your home. Even though there were 3,146 new listings in February, 6% more than February 2015, the inventory of homes for sale dropped 17% to 9,027 properties. This is the lowest number of homes on the market in our area since late 2005. Read more

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Jacksonville’s December Real Estate Trends – Distressed Homes Down by 53%

January 21, 2016

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Posted by in News, Northeast Florida Market Trends

“Perfection is not attainable, but if we chase perfection we can achieve excellence.” Vince Lombardi

Florida Realtors published a great article reviewing 2015 and looking ahead to 2016. I would like to share the highlights with you.
1. The market – According to Freddie Mac’s latest Multi-Indicator Market Index, Florida’s real estate rebound led the nation, with Orlando the top U. S. rebound city.
2. Inventory is getting tighter – Some underwater owners still can’t sell, some boomers are staying put, and some investors scooped homes in the lower-price categories, leaving today’s first-time buyers struggling. Read more

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Jacksonville FL Real Estate Stats – Pending Sales up 32% from June 2014

July 31, 2015

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Posted by in News, Northeast Florida Market Trends

“Isn’t it funny how day by day nothing changes, but when you look back everything is different…” C. S. Lewis

I am seeing solid steady improvement in the real estate market. I much prefer steady improvement over the roller coaster ride we have been on for many years.

The June 2015 Northeast Florida Association of Realtors (NEFAR) market stats show steady improvement in pricing, closings and pending sales. The average sales price in June is $224,387 which is an increase of 6% over the June 2014 price of $210,846. The year to date increases were 4% in 2014 and 6% in 2015. The median sales price is $183,590 and show similar year to date increases of 4% in 2014 and 8% in 2015. Read more

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