The Sandberg Team @ Ponte Vedra Key Realty
Real Estate Sales & Service in Nocatee, Ponte Vedra & Jacksonville, Florida
Let’s say you have your home listed for sale. Now let’s pretend you receive an extremely low offer, nowhere near your asking price.
Your best response would be:
a) None. You wouldn’t dignify such an insulting offer with a response.
b) A business-like counter offer, perhaps only reducing the asking price by $100 or $1,000 or so.
Option “a” sure would feel good. But option “b” might actually do a better job of getting your point across, and potentially getting your home sold. [Read more…]
Some of us are quite handy around the house. Or we know someone who is. Years ago, in fact, I watched a friend build a two-story, two-car garage nearly single-handedly. He only had help with the concrete and hanging the plywood sheeting on the second story.
I, on the other hand, fall into the category of not so handy (although I can swap out a toilet with no problem…just not sure how/why I acquired that particular skill). And home maintenance projects fall pretty far down on the list of how I like to spend a Saturday. So when the time comes to sell my house, I’ll be getting a pre-inspection done before going to market. [Read more…]
Inventory continues to the be the story of the housing market in March of this year. The ongoing decrease in inventory is good news for sellers, as there’s less competition. But buyers may be having more more trouble finding the home they want at a price that’s comfortable.
That said, inventory numbers are moving closer to where they were prior to the collapse of the market. And shrinking inventory is, after all, part of the recovery process.
Download the full report (PDF).
Data courtesy of Northeast Florida Association of Realtors.
Housing statistics for the northeast Florida / Jacksonville area continue to show a positive trend, with median prices and number of closed sales up year over year. One statistic that should be of interest to buyers, however, is the approximately 30% drop in inventory levels year over year. And this is not a number that’s isolated to northeast Florida. The folks over at KCM Blog also see an approximately 19.5% reduction in inventory nationwide.
Of course, this doesn’t mean we’re in a seller’s market. But it does mean that buyers should be prepared when searching for a home (i.e., pre-approved with a lender and having a clear idea of their “must haves” for a new home).
Download the full report from the Northeast Florida Association of Realtors.
Month to month, it looks like we’re seeing the usual seasonal slow down, with fewer new listings and fewer sales than in August. Year over year, however, we’re seeing more new listings than in September of last year, more sales pending and fewer days on market. The good news for sellers is that average sales price is up about 7% over September of last year, and seller’s are typically receiving about 91% of list price, an increase of nearly 3% from last year.
You can download the full report from the Northeast Florida Association of Realtors.