One of the mistakes I consistently see homebuyers and home sellers make is relying too heavily on a price per square foot figure. Home sellers set their asking price based on (somewhat) comparable homes that command the highest price per square foot. Conversely, homebuyers base their offer price on (somewhat) comparable homes with the lowest price per square foot.
August 2012 Housing Stats for Northeast Florida
Once again, we see inventory continuing to shrink in August, with new listings down, pending sales up and inventory overall down more than 30%. The numbers reflect my experience of late, as I laid out in a recent blog post. Median sales price also increased by more than 3%, while days on market was down almost 9%.
Data courtesy of Northeast Florida Association of Realtors.
What You Get (in Northeast Florida) for … $475,000
The New York Times‘ Property Values section is at again, this time looking at homes around the country priced at approximately $475,000. Being from the Chicago area originally myself, I’d love to tour the Lake View condo featured in the Times’ piece. But then I remember the snow, and the wind blowing of Lake Michigan, and I’ll stick with what I’ve got down here in Ponte Vedra.
So, let’s what’s on the market right now at around $475,ooo… [Read more…]
What You Get (in NE Florida) for … $625,000
On the heels of another Property Values post in the New York Times, check out some homes currently for sale here in northeast Florida.
Ponte Vedra Beach, Florida
What: 4-bedroom, 4 1/2-bath Mediterranean style home in The Plantation [Read more…]
What You Get (In Northeast Florida) For … $535,000
Taking my lead from the Property Values section of The New York Times, I’m back with another look at how much home you can buy in the Jacksonville area. This time, our price point is $535,000. Let’s take a look…
Ponte Vedra Beach, Florida
What: 4 Bedroom / 3.5 Bath Home in The Plantation at Ponte Vedra Beach
How Much: $525,000