949448 - ResidentialBeautiful San Marco brick bungalow on a wooded oversized lot with total privacy. The home features an amazing back yard with a fire pit, hardwood...
949397 - ResidentialAlmost NEW house with a pond view! Drees Flagler model home nestled in The Preserve at Two Creeks gated community. All wall mounted TVs stay,...
949457 - ResidentialAll brick home in established neighborhood. This is a 4 bedroom 2 bath home with inside laundry --1 car attached garage plus hugh screened wood...
949338 - ResidentialThis 3 bedroom, 2 bath home has a fresh, new look and that's because many things are fresh and new! Totally new kitchen (appliances, cabinets,...
949313 - ResidentialSpectacular 4/2.5 bath plus office ready for entertainment. EASY access to Oakleaf Town Center, and I-295 / Collins Rd Commercial Complex. Family...
949399 - ResidentialPlenty of parking for RV's, boats or motorcycles. Public boat ramp close by. A 1 rated schools, the best in all of Florida. Quiet, peaceful...
948511 - ResidentialWow! This home will not disappoint! From the moment you walk into the welcoming entry to see the open airy living area looking out to the screened...
949491 - ResidentialOpen, spacious, light and bright, lovingly cared for home. Enter through the elegant leaded glass front door into a very well maintained home with...
949438 - CondominiumLocation, Location, Location. Beautiful 2-story end-unit Townhome that is ready for you to call it home. New carpet downstairs, Jack-&-Jill bathroom...
949321 - ResidentialCan you believe an acre lot this close to St Augustine and still affordable? NO HOA OR CDD FEES. Bring your boat, RV or work truck and still plenty...
949391 - ResidentialMajestic oaks, large lots and all brick homes - a rare opportunity to purchase in the well established community of SCARLETT OAKS. Meticulously...
949295 - ResidentialJust like a model- immaculate Serenoa open concept floor plan. 4 BR/3 BA plus flex room and screened lanai. Fully fenced, private backyard. So many...
949423 - CondominiumSummer Key is a Key West style condominium community located in Jacksonville, Florida. Nature trails throughout the community with each building...
949390 - CondominiumRelax by the pool at this carefree, gated, condo complex for 55+ adults. Rarely available 2 bedroom and 2 bath 1389 square foot 4th floor condo. ...
949407 - CondominiumSummer Key is a Key West style condominium community located in Jacksonville, Florida. Nature trails throughout the community with each building...
949297 - ResidentialAS IS Great Investment or 1st time Home-buyer, 3/1 in PANAMA TERRACE, Jacksonville. This Property needs some updating, has newer roof and windows....
Low inventory levels continue to strengthen the sellers market, if you’re a buyer don’t let it surprise you when you’re faced with fierce competition and told to render your highest and best offer.
In Duval County the $40,000-$50,000 had the highest number of sales while the $400,000-$500,000 showed the most growth in number of sales. Also, the $200,000-$250,000 accounted for the most number of homes for sale and the $250,000-$300,000 reflected the highest growth in 1st Quarter 2013. 64% of the properties sold were “distressed” sales (foreclosure or short sale). There has been a slight downtrend in the number of Lis Pendens (notices of forecl...
SALES RISE HIGHER THAN INVENTORY LEVELS CAN HANDLE
Our inventory levels are down 20.3% and the sales have increased 11% parroting last months more of the same. We have to get higher gains in our inventory as the days on market keep decreasing to keep up with this demand. The FHA lending changes on the horizon will eliminate some of this buyer pool and may result in a slow down of the increasing average sales price,. As things level out to the change in the amount buyers can qualify with the increase in the monthly mortgage insurance.
This change, effective April 2013, will decrease a buyers ability to purchase (given our average sales price and current interest rates) by 2%....
October 2012 Jacksonville Real Estate Market Statistical Summary:
Positive Changes!
Historically speaking, seasonally all markets shed a little inventory toward the end of the year. Sales are strong over the spring, summer and fall then lighten up in the holiday season.
Most remarkable this month was the increase in closed sales (up 19.3%) the average sales price and median sales prices are showing positive yet slow increases and that is also an indication of the short sales and foreclosures having less of an effect on the prices.
Short sale lenders and foreclosure held properties are doing the due diligence needed to price the properties correctly and are experiencing continued...
Jacksonville Real Estate market Statistical Overview Nov. '12
Recovery Continues
Nice to see a small increase in the number of new listings considering well priced properties are selling despite the usual seasonal adjustments. We have many things to be thankful for this holiday season in the real estate market. Months of inventory and days on market continue to decrease as the factors of supply continue to show an overall decrease and sales continue to increase. Many sellers opt to remove their properties from the market at this time of the year which given the statistics is NOT prudent.
Interest rates remain unbelievably low, the FHA loan limits remain unchanged and the renovat...