We’re nearly halfway through January, and blog posts and articles detailing real estate industry experts’ predictions for 2014 continue to proliferate, online and off. So, let me take a moment to climb up onto this bandwagon, and then I’ll try to whittle all the predictions and prognostications we’ll be talking about in 2014 down to three key points. [Read more…]
Jacksonville, Ponte Vedra and Northeast Florida Housing Stats – April, 2013
In April of 2013, prices continued to inch up as inventory remained tight. On the national front, there’s more of an emerging consensus that housing is, indeed, in a full-fledged recovery.
Locally here in the Ponte Vedra / Nocatee area, we saw a small increase in price (2.7%) year over year and the number of days on market continues to decline. While conditions are becoming a bit less favorable for buyers, I think everyone can agree that a stronger housing market overall will benefit everyone.
As always, contact us with questions, and you can always download the full report.
Data courtesy of Northeast Florida Association of Realtors.
Jacksonville & Northeast Florida Housing Stats – March, 2013
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.
Median Home Prices Up, Inventory Down in Northeast Florida in January
News for the housing market overall in January is very good. As reported by the Jacksonville Business Journal, home values jumped 23% year over year to a median price of $136,000.
But as we’ve always stressed, real estate, and home values, are hyper-local. So while northeast Florida’s home prices are trending up as a whole, you may be interested to see that Ponte Vedra’s median home values are actually down 12% year over year. But the news isn’t all bad in Ponte Vedra…the number of homes that sold over list price is up dramatically (129%) and number of days on market continue to decrease.
Point is, the major media outlets serve large metropolitan statistical areas. So they take a very macro look at housing data. If you want to know what the real estate trends are in your neighborhood, a real estate professional can provide all the latest data. Contact us if you’d like to see what’s happening in your neighborhood.
Data provided courtesy of the Northeast Florida Association of Realtors.
Jacksonville Housing Marketing Statistics for Oct. 2012
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.
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