home prices

Low Inventory Giving Buyers High Anxiety

December 17, 2020 By Scott Sandberg Leave a Comment

A competitive market is driving prices upward around the First Coast.

Recently released housing statistics from the Northeast Florida Association of Realtors show an increasingly lopsided market with low inventory, strong demand and, in some instances, prices being bid up over asking.

With November’s numbers just recently updated, let’s take a look at some key stats…

Inventory

Clearly, demand is strong, but inventory is low. The number of homes listed for sale in the area has been decreasing all year, with a drop of more than 44% over the same time last year.

[Read more…]

Walden Chase Market Update

January 3, 2020 By Scott Sandberg Leave a Comment

A few key stats from 2019 for the Walden Chase community.

30 homes sold in Walden Chase in 2019, and there were 37 new listings that came to market over the year.

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Median sale price worked out to $318,000, nearly a 5% increase over 2018.

552500.00,530000.00,514000.00,597500.00,589950.00,536500.00,465000.00,532250.00,519450.00,514900.00,529900.00,499900.00
532900.00,569950.00,559500.00,575000.00,615000.00,477000.00,559900.00,498250.00,0,0,0,495000.00

Average number of days on market was 71, down from 120 days in 2018.

45.7,9.0,9.0,14.2,4.0,35.0,37.6,28.5,0,0,0,81.5

If you’re a Walden Chase resident, keep an eye out for a postcard from us detailing some December, 2019, sales stats. And if you have questions about the market, or market value of your home, give us a call or fill out the form below:

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Running the Numbers on a Few of Northeast Florida’s Newer Communities

March 1, 2019 By Scott Sandberg Leave a Comment

Let’s take a quick look at pricing and inventory for new homes as we head into Spring 2019.

Price adjustments in new home construction happen all the time. The market shifts–demand increases/decreases, or labor/material costs rise–and prices need to rise or fall accordingly.

So, now that some of the newer communities along CR-210 have been actively selling for a while, let’s take a look at what prices and inventory are doing.

Shearwater

Shearwater has been selling homes since mid-2016, so it’s got a little bit of a leg up on the two other communities we’re reviewing. It is still a growing community, however, with the recent addition of Toll Brothers to the list of builders, and a new townhome product from David Weekley. [Read more…]

Where to Buy in Nocatee for Under $300,000

June 6, 2017 By Scott Sandberg Leave a Comment

Greenleaf Village & Greenleaf Lakes Offer Great Value in Nocatee

We wrote recently about housing affordability and how much it takes to buy a home in Nocatee, and northern St. Johns County, Florida, in general. The data show that about $300,000 is the minimum for a single-family, detached home (some condos and town homes may be a bit more affordable).

With that in mind, we wanted to take a look at what you can get right now in Nocatee for $300,000 or below. After a quick search, it became clear that the Greenleaf Village and Greenleaf Lakes neighborhoods offer the greatest value in Nocatee right now.

Here are the homes under $300,000 in the Greenleaf at Nocatee neighborhoods:

Keep in mind, however, that builders often don’t put all of their inventory into the Northeast Florida MLS system, so their may be some new construction opportunities at $300,000 or under. Or, if $300,000 isn’t necessarily your limit, take a look at all the single family, detached homes currently listed in Nocatee.

And, as always, if you have any questions about Nocatee real estate, be sure to contact us.

What You Get for $340,000 in St. Johns, Florida

August 3, 2015 By Scott Sandberg Leave a Comment

The housing market in northeast Florida continues to pick up steam, with median prices continuing to inch upward. The one big constraint on the market, however, seems to be inventory. That said, good properties are available, but buyers need to be prepared to make a move (know your list of must-haves, and make sure you’re pre-qualified with a lender).

For instance, here are a few homes in St. Johns, Florida, near Nocatee, Jacksonville & Ponte Vedra, listed for around $340,000. [Read more…]