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Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Intracoastal West. Low rates makes a home purchase a great value! And prices are rising slowly so there is time to catch the bottom as it just starts to go up. Call now for more information at 904-226-3024
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| Average Home Price | $175,000 - View Graph Trend |
| Average Price Compared to Last Year | Up 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $150,000 - $199,000 |
| Worst Selling Price Range | $450,000 - $499,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Intracoastal West Jacksonville is | Increasing |
| Seller Activity for the past 90 days in Intracoastal West Jacksonville is? | Decreasing |
| Multiple Offers? | Yes |
| Multiple Offers Commentary | I have been inolved again in multiple offers for sellers. That is a hugh sign of the turn around |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Very tight market |
| Inventory Comments | The market is taking a turn for the seller. The market has been improving for the last 6 months. Inventory is getting very slim and that is the start of a sellers market. However the value of the foreclosed homes will keep the price increase from rising too fast. But we are seeing a nice increase in home values just the same about 5% or more in some areas |
| Greatest Activity | First Time Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Jacksonville |
| Housing Hot Spots | Most cities within the Duval County area are considered ’Housing Hotspots’. |
| Average Sold Price | $175,000 - View Graph Trend |
Intracoastal West Jacksonville Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Tom Chao The Waterfront Expert
904-226-3024
Request More Information Let me answer your questions!
Ask Me!
Blog Archives
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Tom Chao The Waterfront Expert
Watson Realty Corp.
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 904-226-3024
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