Clay County Fl Real Estate Market Update February 2025

This report is for single family homes in Middleburg, Green Cove Springs, Fleming Island and Orange Park Florida.

The months inventory has almost doubled, from 3.95 months last year in February to 5.87 months this year. Still, not a crashing market, just more homes on the market. Yes, we sold less homes this February as well. The median sales price in Clay County, was just a tad more this year. The market is continuing to soften.

OK, so this isn’t really Clay County only related, but it is real estate related. You may have heard that Governor DeSantis has proposed eliminating property tax in Florida. That’s what you pay on your home that goes to the county you live in. Say what? You didn’t hear about that? Check out this article that talks about it. It’s a quick read. Do you know how hard it was to find an article that wasn’t bias either way? It took me a bit.

Anyway, I have mixed feelings about this one. I absolutely hate paying property taxes and that I’ll never own my house outright. If you don’t pay it, someone else can take over your tax lien, charge you extra interest or eventually, you could be foreclosed on. I also hate that it is always changing. Yes, if you’re a homeowner that lives in your home, there is the 3% cap, but the first year that you own your home you get to enjoy the previous owners homestead, but once it is reassessed, it’s based on what you pay, and that can be a significant jump if the previous owner‘s taxes were way lower, because they owned it longer. Mine almost tripled.

Now, the other part of me understands that we need certain services and we need to pay for those services. I also realize that if property tax was to be completely eliminated, which sounds real good, where is that money gonna come from? More than likely it’s gonna be a higher sales tax, which also sounds great in theory, but then that can also hurt individuals whose income is lower. So while I believe in small government, and not have to pay property taxes. I do see the value. I just wish that maybe it could be something that is a flat fee that never goes up.

Here’s another article that talks about Governor DeSantis, softening his stance some.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 352,900 and the other half were less than 352,900.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.87 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Real Estate Market Report January 2025

This report covers single family homes in Green Cove Springs, Orange Park, Fleming Island and Middleburg Florida.

Let’s dive in! I’m gonna have you check out the months inventory, which is 6.37 months and what that means is the current inventory it would take almost 6 1/2 months to sell if no other house came on the market before they also. So that’s how we determine what type of market we’re in, and it does vary, this one is leaning towards a balance market, but it’s leaning towards a buyers market. I believe the tide is starting to turn, I’ve seen the market fluctuate each month, but inventory levels are still going up and we are experiencing less sales.

I know you probably get tired of me mentioning Mortgage daily news, but that’s where you get your local interest rates and also they give really good commentary. Explain how mortgage rates are fluctuating and how they are manipulated by certain aspects like the 10 year treasury bond.

So for local news this month I’m gonna talk about road construction, because there’s a lot of of it going on in the lake Asbury area. And it’s gonna make life a little difficult for the next 16 months or so, once it’s done, it should be pretty awesome. You know growing pains they hurt for a while and then eventually once it’s done it goes away. The locals are furious and I understand why, because every way out of Lake Asbury is going to see roadwork or has seen some roadwork and let’s be honest, it affects your quality of life.

If you would like to check out these road closures, you can visit Clay County road and lane closure for the details.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 351,100 and the other half were less than 351,100.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 6.37 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Florida Real Estate Market November 2024

This report is for the single family homes in Middleburg, Fleming Island, Green Cove Springs and Orange Park.

When we thought the market was going to be more balanced or crash, what does November show us? That we never know until we know! The median sales price jumped up about 15k. Inventory levels are still higher than last year, but we sold more homes, so that has us seeing a weak seller’s market.

Mortgage Daily News is my go to website to see what the latest mortgage rates are. Remember that when you hear Feds lowing rates, it means rates for car loans, helocs and short term loans, not mortgages.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 370,990 and the other half were less than 370,990.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.70 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Florida Real Estate Market October 2024

This report covers single family homes in the areas of Middleburg, Green Cove Springs, Fleming Island and Orange Park.

We saw a decrease in the median homes sales for Clay County Florida in the month of October 2024 compared to the same month in 2023. Just shy of a 2% difference. We saw more homes on the market compared to last year, which actually has us leaning towards a weaker seller’s market and more balanced for both buyers and sellers.

What are the mortgages rate doing you ask? Check out Mortgage Daily News to see the current rates.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 353,200 and the other half were less than 353,200.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.55 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Florida Real Estate Market September 2024

These reports are just for single family homes in Green Cove Springs, Fleming Island, Orange Park and Middleburg.

September proved to be a more balanced market, which can be good for buyer and sellers. Less homes sold, but more homes available. The median sales price was short this month by almost 2k exactly. Will we see this movong forward? Maybe, since it is going into the end of the year and having the holidays right around the corner.

Thinking about buying curious about the rates? Check out Mortgage Daily News for the latest in real time.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 357,900 and the other half were less than 357,900.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 5.05 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Florida Real Estate Market July 2024

This report is for single family homes in Middleburg, Green Cove Springs, Orange Park and Fleming Island.

The median sales price rose by $6,700 in July 2024 compared to July 2023. So did the amount of homes on the market. That still has us as a seller’s market, but on the weaker side.

As usual, anytime you want to see the latest mortgage rates, visit Mortgage Daily News. They break it down on how we see the rates where they’re at.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 366,900 and the other half were less than 366,900.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 4.03 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Florida Real Estate Market June 2024

This real estate report for Clay County is for single family homes in Orange Park, Fleming Island, Green Cove Springs and Middleburg Florida.

The median sales price in Clay County was in the negative for June 2024. Just a hair shy of 5k less this month compared to June 2023. Even with the inventory levels rising we are still experiencing a seller’s market.

For the real time mortgage rates check out Mortgage Daily News to see the latest.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 360,000 and the other half were less than 360,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.79 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.

Clay County Florida Real Estate Market May 2024

A real estate market report for single family homes in Orange Park, Middleburg, Fleming Island and Green Cove Springs

Looking like a spring kinda market for real estate. Median sales price is up over last year. More homes to choose from, but still seeing a seller’s market in Clay County Florida.

Keep up to date with the latest mortgage rates by visiting Mortgage Daily News.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 365,000 and the other half were less than 365,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.39 months to sell the active homes, if no other homes came on the market. How to determine what type of market we are experiencing:

Buyers’ Market: More than 7 months of Inventory

Balanced Market: From 5-7 months of Inventory

Sellers’ Market: Less than 5 months of inventory

Average Days on the Market: This is the average based on the time the house came on the market until is went under contract.

Original List Price to Sales Price: This is the percentage of what the home sold for compared to what it was originally listed for. Not what it was listed for at the time it went under contract.