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Jacksonville Florida Real Estate Market Report June 2023

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Jacksonville Florida Real Estate Market Report June 2023

This report is single family homes in Jacksonville Florida.

The median sales price in Jacksonville is about 23k less this month compared to June 2022. That’s a sizable difference. Yet, we are not crashing and we are still in a seller’s market. Houses are still selling, but not at the rate of 2021-2022. That;s good news for buyers, even tho the interest rates are higher. As I’m about to publish this today July 16, the current mortgage rate of a 30 year fixed rate is 6.89. I know it’s higher than what we were seeing in 2020-2022, but it’s still not a bad rate. If we see the rates fall to 3% or less, the demand is going to skyrocket, which will cause the prices to go up at a faster pace than they have been. Also to note, chances of the rates seeing 3% is going to be very low. Unless we have another event like covid, when the Feds stepped in and start buying Treasury bonds and Mortgage Backed Securities, which is their way of manipulating the rates to come down.

Buyers you have to decide if buying is right for you, but if you’re waiting for lower rates and a crash, you may be waiting for a very long time. Need help crunching numbers? I can help, call or text me at 904-910-3516.

Search for Homes in Jacksonville

Search For Homes In Jacksonville

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?
Jacksonville Florida real estate martket report for June 2023

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 327,500 and the other half were less than 327,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.19 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 FL Real Estate Report June 2023

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Clay County FL Real Estate Report June 2023

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

Inventory levels have come down a little in June, compared to May, even though we are seeing a median sales price of -2.7%. Houses are still selling, even tho the media would have you thinking we are crashing. Real estate agents have been leaving the business at a tune of 60k, based of of the National Association of REALTORS’ figures. We are not even in a bad market. It’s crazy how a little shift has caused so much ruckus. The current interest rates are running back under 7%, as they were over 7 for a few weeks.

Buyers I know that the higher rates have you sitting on the fence. If you would like me to run numbers to see if it could work for you to buy a house at this point, reach out to me. pam@pamgraham.com or 904-910-3516. Never any obligation or pressure. Only you can determine if it’s the right time to buy.

Search For Homes in Clay County Florida

Search For Homes in Clay County Florida

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?
Clay County Florida real estate market report for June 2023

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 2.10 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.

St Johns County Real Estate Report June 2023

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St Johns County Real Estate Report June 2023

Includes single family homes in St Johns, St Augustine, Nocatee, Ponta Vedra, Fruit Cove, Orangedale, Switzerland and Julington Creek.

If you look at the month’s inventory below in the chart, you will notice that less homes have sold and there were more available homes in June 2023 compared to last year in the same month. Yet, we still see a seller’s market. You’re not hearing that from the media. Real estate is very local, so you need to get down into the trenches locally to see what the exact truth is. Scroll down for the latest chart showing the real estate market for St Johns County.

Have questions? Don’t be shy or worried you’ll be harassed by a crazy real estate agent. I love answering questions and educating you on the local area, the home buying and selling process, without the pressure!!! Reach out by calling or text: 904-910-3516

Search For Homes in St Johns County Florida

Search For St Johns County Homes

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 555,000 and the other half were less than 555,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.73 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.

The Jacksonville Fl Real Estate Market Update May 2023

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The Jacksonville Fl Real Estate Market Update May 2023

This report will always highlight single family homes, which does not include condos. Condos are a totally different animal, so the stats would not give an accurate picture for single family homes or condos. If you look at the chart below, you will see the median sales price in Jacksonville for May has dropped compared to what it was in May 2022. We actually see it in the negative by 6.4%! Even with that, we are not seeing a crash. If you also look at the chart, see months inventory. That 2.2 is still a seller’s market. You may be wondering, how is the prices coming down, but we are still in a seller’s market? At one time in 2020 to early 2022, we had so few homes on the market and such high demand, due to low rates, that it was an intense seller’s market. The correction we are seeing is just not enough to harm the Jacksonville real estate market right now.

What about the waves of foreclosures coming? In Jacksonville from 1/1/22 to 6/18/22 there were 1,018 foreclosures filed. This year, same time period, there are 1,127 filed, so an increase of 109. Not much of a difference. Corelogic collects data on mortgage delinquencies and as of March 2023, we see a decrease. Here’s a quote directly from the article:

“The U.S. mortgage delinquency rate fell to a historic low in March, reflecting the lowest U.S. unemployment rate in more than 50 years. While a slowing economy could cause increases in job losses and mortgage delinquencies, years of home equity gains will provide borrowers who fall behind on their payments with a cushion. This equity should protect many homeowners from foreclosures. There is no current projection that the U.S. foreclosure rate will reach the same level as it did during the housing crisis more than a decade ago.”

-Molly Boesel

Loan Performance Insights from Corelogic

Search for Homes in Jacksonville

Search For Homes In Jacksonville

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?

Will we see interest rates under 3%?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 300,000 and the other half were less than 300,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.20 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 May 2023

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Clay County Real Estate Market Report May 2023

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

May showed us a -2.4% median sales price in Clay County, but still a seller’s market. Sellers are getting less for their homes, but are still showing positive equity compared to say 4 or 5 years ago. If you’re a buyer waiting for a crash, signs are not pointing to that scenario. Call or text me at 904-910-3516 if you would like to discuss options and not wait to get into a home.

Sellers if you’re wanting to know what you could sell for, fill out the form below.

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?

Search For Homes in Clay County Florida

Search For Homes in Clay County Florida
Clay County Market report May 2023

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 345,000 and the other half were less than 345,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.23 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.

St Johns County Real Estate Market Report May 2023

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St Johns County Real Estate Market Report May 2023

This report is for single family homes in the following areas……St Johns, Orangedale, Switzerland, Nocatee, St Augustine, Ponte Vedra, Ponte Vedra Beach and Julington Creek.

Everyone wants to know what the price is doing, so we will start with that first. The median sales price in St Johns County was negative 1.86%, which is a difference of about a 11k. Not huge at all. If you scroll down you will see that we are still in a seller’s market, with a little less of 3 months of inventory. That means if we had no more new listings, the active amount of listings would take about 2.72 months to sell, based on what sold last month.

Buyers it’s still better than a year ago, because you have more homes to choose from. If you would like to see what is available on the market click the link below.

Search For Homes in St Johns County Florida

Search For St Johns County Homes

Sellers is is still a good market for you, and the great part is that you have more homes to choose from also. Wanna see what you could potentially sell for in today’s market?

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 562,500 and the other half were less than 562,500.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.72 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.

75751 Spoonbill Lane Yulee Fl 32097-Listed by Pam Graham

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75751 Spoonbill Lane Yulee Fl 32097-Listed by Pam Graham

If you’re ready for a home that still has that new home smell, without the wait to build new, this is the home for you! 3 bedroom home with a little over 2,100 square feet. You have an office that has custom built in shelves and an attached long desk where two people can work at the same time. Open floor plan, with the spacious kitchen over looking the dining and family room. Flex room between the 2 bedrooms, to give another option for enjoying your hobbies.

The Tributary Neighborhood is perfect for residents who enjoy fun activities and some socializing. Resort style pool for those hot Florida summer days. Exercise room, pickleball fun, tot lot and a newly formed book club! There’s a dog park for your furry buddy to enjoy. In the future there will be a place to launch kayaks, how fun that will be and not have to go far!

All Things Tributary HOA

Video Tour

Nassau County Schools:

Wildlight Elementary School – 550 Curiosity Avenue Yulee, FL 32097-Phone: (904) 225-3053

Yulee Middle School– 85439 Miner Rd Yulee FL 32097-Phone (904) 491-7933

Yulee High School– 85375 Miner Rd Yulee Fl 32097-Phone (904) 225-8641

Nassau County School District– 1201 Atlantic Avenue Fernandina Beach, FL 32034-Phone: 904-491-9900

Location:

St. Johns County Florida Real Estate for April 2023

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This report is for single family homes in St Johns County, which includes St Johns, parts of St Augustine, Ponte Vedra, Pontra Vedra Beach, Nocatee, Julington Creek, Orangedale, Fruit Cove and Switzerland.

The median sales price has come down to being less in April 2023, compared to April 2022. Yet, we are still in a seller’s market. How is that? We were in such a strong market a year ago, 2 years ago that even tho we are seeing our inventory creep up, it’s not causing a crash.

Sellers, I bet you’re wondering what your home could sell for in this market. Go check out the link below, to get a report from a real live person.

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?

Buyers, would like to search from homes that are currently on the market? Click the link below.

Search For Homes in St Johns County Florida

Search For St Johns County Homes

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 495,000 and the other half were less than 495,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 3.08 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.

The Jacksonville Real Estate Market April 2023

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The Jacksonville Real Estate Market April 2023

This report is for single family homes in Jacksonville Florida. If you scroll down to the chart below, under 2023, you will see the median sales price is down by 3.7% compared to last year. I can hear the cheer from buyers all over Northeast Florida. Now if those rates would come down, but then if they did come down to under 5%, we would see the demand rise again. It’s a catch 22. If you check out the month’s Inventory, 2nd row 1st column, the 2.49 number represents how many months it would take to sell 2,210 homes at the rate of 887 homes sold. That’s still showing a seller’s market. Overall, I’m not concerned about the median sale price being less this year than in April 2022. Yet. Here’s why I’m not worried….. I believe in presenting the facts, and not cry wolf, or the sky is falling that some do to increase clicks or sell more homes. We are seeing corrections to the market, so we need to keep an eye on things the next coming months. Inflation has a hand in this, along with higher rates.

Buyers with these changes turning to your favor, would you like the check out what homes are available in the current market:

Search for Homes in Jacksonville

Search For Homes In Jacksonville

Sellers, the good news for you is that there are more homes to choose from for when your home sells. The first thing is to see what your home could sell for in this market:

What’s My Home Worth?

Thinking of selling your home? Click below to complete a form, then receive a market analysis within 24 hours.

What’s My Home Worth?
The Jacksonville Florida real estate market report for April 2023.

Median Sales Price: Looking at sold homes it means that half the homes that sold were more than 290,000 and the other half were less than 290,000.

Month’s Inventory: Based on the number of actives and homes that have sold it would take 2.49 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.

Would you like to check out previous real estate reports for Jacksonville Florida?

Mandarin Place Neighborhood in Jacksonville Florida

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Mandarin Place Neighborhood in Jacksonville Florida

Mandarin Place is a slightly older neighborhood right off the scenic Mandarin Drive in Jacksonville Florida. When I say scenic, I am not kidding either! Take Mandarin Road and find out for your self. Jump on Scott Mill Road too. Such a nice ride. Speed limit is like 25-30mph, so it’s a slow speed to be able to take in all the large trees and beautiful homes.

Then come home to Mandarin Place and continue that beauty! The homes range from 1985 up to 1990, so trees have had a long time to grow and provide shade and character. Many different elevations and sizes too. Starting over 1,400 square feet and goes up to almost 3,800. Big variety to choose from depending on the size of your peeps.

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Homes For Sale in Mandarin Place

At times you may not see any homes for sale, because they go fast and not as many come out on the market. If you scroll down, you will see homes for sale in all of Jacksonville.

Homes For Sale in Jacksonville Florida

The school system is Duval County Public Schools. You can find out which schools you’re zoned for at My School Location. The schools currently zoned for Mandarin Place neighborhood are the following:

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