| Market Commentary Provided by Vitel Realty Group Due to the excellent school district, reasonable housing prices and well developed communities, sales continue to be relatively strong in this area. We are looking forward to a strong showing in 2009 with housing drivers like the Jacksonville Port Authority’s pending opening and many businesses moving into the area. |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL
Vitel Realty Group
Keller Williams Realty Atlantic Partners Jacksonville, Florida 904-534-8052 homes@firstcoasthomesales.com Agent Home Page |
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| Nearest Metro Area | Jacksonville/ St. Augustine | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Inventory Comments | We are currently looking at about 6 months worth of inventory on the market. This is an extreme decrease from the 2 years of inventory that we have seen in the last couple of years. Home sales prices appear to have stabilized and we have a solid resource of buyers in the area. | ||||
| Average Home Price | $275,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $1,000,000+ | ||||
| Compared to Last Year | Down 25-30% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | WE are seeing many short sale homes with multiple offers. | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Northwest St Johns County is | Increasing | ||||
| Seller Activity for the past 90 days in Northwest St Johns County is | No Change | ||||
| Is Financing Available For Qualified Buyers in Northwest St Johns County? | Yes | ||||
| Comments on Financing For Qualified Buyers | NW St. Johns County homes qualify for a variety of financing options including conventional, FHA, VA and most will even qualify for USDA. | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 30-35% | ||||
| Housing Hot Spots | St Johns Golf and Country Club, South Hampton and Cimmarrone. | ||||
| Reason to Buy/Sell | Good economic news | ||||
| Average Sold Price | $275,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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