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You are here: Home / Archives for property values

Northeast Florida Housing Market Statistics for September, 2012

October 23, 2012 By Scott Sandberg Leave a Comment


Jacksonville area housing facts
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.

Filed Under: Uncategorized Tagged With: Home Buyers, home prices, home sellers, property values

The Fallacy of Per Square Foot Pricing

September 26, 2012 By Scott Sandberg Leave a Comment

Using Price per Square Foot to Value Home can be a ProblemOne 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.

[Read more…]

Filed Under: Blog, Real Estate Tagged With: Home Buyers, home prices, home sellers, property values

On the Meaning of “Value”

February 28, 2012 By Scott Sandberg Leave a Comment

Home ValuesA couple of items caught my attention these past couple of days and got me thinking about the concept of “value”. The first item was Warren Buffett’s statement related to how he’d buy up a couple hundred singe-family homes right now, if he could (and as an aside, I think he actually could—here’s hoping he gives me a call if he’s house hunting in Ponte Vedra). [Read more…]

Filed Under: Blog Tagged With: Home Buyers, home sellers, property values

November Market Stats for Northeast Florida

December 14, 2011 By Scott Sandberg Leave a Comment

Real Estate Sales in Northeast Florida, November 2011So, here we go again. In November, we see some trends continuing from October, specifically, a significant reduction in inventory and a modest increase in closed sales. New listings are down more than 8% and, unfortunately, median sales prices are also down again, nearly 8%.  [Read more…]

Filed Under: Uncategorized Tagged With: Florida, Home Buyers, home sellers, property values, Real Estate

What You Get (in Northeast Florida) for … $680,000

August 4, 2011 By Scott Sandberg Leave a Comment

It’s been awhile since I put together a “What You Get For…” post. But this article in the New York Times caught my eye today, so we’re going to take a look at what $680,000 can get you here on Florida’s First Coast.

St. Augustine, Florida

2073 Crown, St. Augustine, FLWhat: 5 Bedroom / 3.5 Bath home in World Golf Village

How Much: $675,000

Size: 3,200 s.f.

Per Square Foot: $210.93

[Read more…]

Filed Under: Blog, What You Get For... Tagged With: Florida, For Sale, Home Buyers, Jacksonville, Jacksonville Beach, property values, saint augustine, Waterfront

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