Jacksonville Florida Real Estate Market Report

Single Family homes (attached & detached)

March 2014                      March 2013

Active Listings: 4434          Active Listings: 3489

Sold: 902                      Sold: 800

Months Inventory: 4.91        Months Inventory: 4.36

Average Price: 466,353       Average Price: 492,098

Good afternoon!!! I am a little late getting the March real estate report up, but better late than never I always say. 🙂 Still seeing a higher inventory level vs our counterpart last year, but I like seeing more homes sold in Jacksonville this past March, than March 2013. We also see more homes sold in March 2014, than February 2014. That’s not surprising, since March is the start of our busy real estate market. The median sale price for March 2013 was $126,000. In March 2014 it was $132,757, that’s a difference of 5.4%.

Jacksonville Florida Real Estate Market Report March 2014

And now for a Blast in the Past…………..

Jacksonville Florida Real Estate Market Report March 2013

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales

Want to see what the real estate market looks like in your neighborhood?

FREE Home Value Report complete with current sales in the neighborhood and current homes available for sale.

If you want to search for homes in Jacksonville, check out this link: Search for homes for sale in Jacksonville Florida

Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Real Estate Market Report

Single Family homes (attached & detached)

January 2014        January 2013

Active Listings: 4183             Active Listings: 3432

Sold: 673                   Sold: 658

Months Inventory: 6.22            Months Inventory: 5.22

Average Price: 534,589        Average Price: 506,572

Welcome back to another new year! Slightly different picture this year in January over last year. Our months inventory has crept back up to a more balanced market. Just in case you’re new to my blog, especially the stat part. I want to point out if you scroll below, you will see definitions of what the abbreviations mean in the two charts. The median sales price in Jacksonville for January 2013 was $110,000. The median sales price for January 2014 in Jacksonville was $120,000. That’s a difference of 9.1%.  What you won’t find below is the definition of median price, so I’ll explain here. It means out of all the houses sold in let’s say January 2014, half of them sold for less than 120k, while the other half sold for more than 120k. So an increase in median price is a good thing and shows prices are coming up. Each neighborhood is different, heck, each house is different! If you would like to find out what’s going on in your neighborhood, click on the free What’s My Home Worth link and fill out the information about your home. Within 24 hours, you will receive a report via email with your results.

Jacksonville Florida Real Estate Market Report January 2014

And now for a Blast in the Past…………..

Jacksonville Florida Real Estate Market Report January 2013

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales

Want to see what the real estate market looks like in your neighborhood?

FREE Home Value Report complete with current sales in the neighborhood and current homes available for sale.

If you want to search for homes in Jacksonville, check out this link: Search for homes for sale in Jacksonville Florida

Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!

 Jacksonville Florida Real Estate Market Report

Single Family homes (attached & detached)

December 2013            December 2012

Active Listings: 4138             Active Listings: 3703

Sold: 883                        Sold: 775

Months Inventory: 4.69             Months Inventory: 4.78

Average Price: 588,952              Average Price: 546,968

Looks like the mad rush to get homes closed by the end of the year happened in December. The inventory level was up over last year, but so was the homes sold in Jacksonville, which brought the months inventory at 4.69 months. Under 5 is moving us in a seller’s market. The median sales price in Jacksonville for December 2012 was $115,000. The median sales price for December 2013 was $129,900. That’s a difference of 13%. Not a bad way to end the year. 🙂

Jacksonville Florida Real Estate Market Report December 2013

And now for a Blast in the Past…………..

Jacksonville Florida Real Estate Market Report December 2012

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales

Want to see what the real estate market looks like in your neighborhood?

FREE Home Value Report complete with current sales in the neighborhood and current homes available for sale.

If you want to search for homes in Jacksonville, check out this link: Search for homes for sale in Jacksonville Florida

Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Real Estate Market Report

Single Family homes (attached & detached)

October 2013             October 2012

Active Listings: 4267        Active Listings: 3936

Sold: 861                     Sold: 743

Months Inventory: 4.96      Months Inventory: 5.3

Average Price: 502,151      Average Price: 603,920

I don’t mind seeing the inventory levels go up some, especially when I also see that the homes sold in Jacksonville, also increased as well for the month of October. A tiny improvement on the months inventory over last year in October. To put it into perspective, in October 2011, the months inventory was 9.8 months. That’s almost double what it currently is. The median sales price for October 2013 is $134,700. In October 2012, it was $117,00. That’s a 15.1% increase. That doesn’t mean that all values across the board have risen by 15% though. Each neighborhood is different, heck every house is different. If you want to see what is selling in your neighborhood, fill out the form what’s my home worth? I’ll send you all the information about what is available, under contract, withdrawn, expired and sold in your neighborhood recently, within 24 hours.

Jacksonville Florida Real Estate Market Report October 2013

And now for a Blast in the Past…………..

Jacksonville Florida Real Estate Market Report October 2012

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales

Want to see what the real estate market looks like in your neighborhood?

FREE Home Value Report complete with current sales in the neighborhood and current homes available for sale.

If you want to search for homes in Jacksonville, check out this link: Search for homes for sale in Jacksonville Florida

Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!

 Jacksonville Florida Real Estate Market Report

Single Family homes (attached & detached)

September 2013               September 2012

Active Listings: 4,084         Active Listings: 3,966

Sold: 806                           Sold: 635

Months Inventory: 5.07         Months Inventory: 6.25

Average Price: 473,450         Average Price: 520,748

Even though we have seen an increase in inventory compared to last year, we are still at a lower months inventory. Our inventory level went up and the homes sold in Jacksonville went down compared to last month in August. I expect to see a similar trend for October as well, due to getting closer to the major holidays, and with our current situation with our government’s inability to do their job. I think many people will be a little more cautious to see how long the shutdown will continue, plus the fact that real estate has been slightly affected by the shutdown. Lenders require form 4506T (tax transcripts) from the IRS to verify income , but some are waiving that requirement right now.  USDA loans are also an issue. If a clear to close has been issued as of September 30, then those loans can still close. The longer the shutdown, the more issues will present themselves.

On a brighter note, cos I don’t want to end this on sour grapes, the median sales price in September 2012 was $115,000, in September 2013 it was $134,000, that’s a 16.5% increase! Love to end on a positive note! 🙂

Jacksonville Florida Real Estate Market Report September 2013

And now for a Blast in the Past…………..

Jacksonville Florida Real Estate Market Report September 2012

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned).

Sold Short Sales– How many homes sold, that were short sales

Want to see what the real estate market looks like in your neighborhood?

FREE Home Value Report complete with current sales in the neighborhood and current homes available for sale.

If you want to search for homes in Jacksonville, check out this link: Search for homes for sale in Jacksonville Florida

Every neighborhood and house is different, want to know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!