Market Statistics : Page 5

Area Builders Responding to Low Housing Inventory with New Rooftops

April 20, 2017 By Scott Sandberg Leave a Comment

A lack of inventory has dogged the national housing market for sometime now. Believe it or not, the same holds true here in northeast Florida, even with all the development we’re seeing. In fact, the latest numbers from the Northeast Florida Association of Realtors show a more than 21% decrease in inventory over this time last year.

Area builders are responding, however, as evidenced by an uptick in permits for new homes. Many of these permits are for the high-profile communities we’re already pretty familiar with, such as Nocatee, Twin Creeks, Shearwater and the like. But a quick look at the St. Johns County development tracker indicates there may be even more new communities coming out of the ground sooner rather than later. [Read more…]

The 3 Real Estate-Related Phrases You’ll Hear Throughout 2014

January 9, 2014 By Scott Sandberg Leave a Comment

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

May 19, 2013 By Scott Sandberg Leave a Comment

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

April 17, 2013 By Scott Sandberg Leave a Comment

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

February 22, 2013 By Scott Sandberg Leave a Comment

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.

Download the full report.

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.

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