Jacksonville Real Estate Ramblings

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

December 2011

December 2011                        December 2010

Active Listings: 5,071                 Active Listings: 6,763

Sold: 709                                    Sold: 678

Months Inventory: 7.15               Months Inventory: 9.97

Average Price: 528,749            Average Price: 445,886

We experienced an increase of sold homes in December vs November 2011, to get those babies off the books and get some homesteads claimed! We are still in a buyer's market, but are getting closer to seeing a stable market, based on the months inventory creeping down closer to 6 months. Our average price is also higher this month over last year, which is a great sign too.

December 2011

And now for a Blast in the Past…………..

December 2010

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 know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!

St Johns County Florida Market Report  

Single Family homes (attached & detached)

December 2011

Single Family homes in: 

·St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra 

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

December 2011                         December 2010

Active Listings: 1,698                  Active Listings: 2161

Sold: 232                                     Sold: 225 

Months Inventory: 7.32                Months Inventory: 9.60

Average Price: 516,913               Average Price: 479,286

Don't worry, the sock buddy in the above picture is completely harmless! :) Not huge differences this month over November 2011, but we did see the average price rise, the amount sold go up, inventory levels went up just a tiny bit and the months inventory went down. Did you know a balanced market is one that has about 6 months of inventory? Take a look at the chart below, showing 300k and below, both price ranges are below that 6 month balanced market. Things are looking up, just in time for the new year!

December 2011

And now for a Blast in the Past…………..

December 2010

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 know what these numbers mean to you when selling your St John's County Florida Home? Call me at 904-910-3516 and find out!

                 Clay County Florida Market Report    

December 2011

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

December 2011                   December 2010

Active Listings: 1,212           Active Listings: 1,632

Sold: 171                             Sold: 229

Months Inventory: 7.09       Months Inventory: 7.13

Average Price:  300,930     Average Price: 408,260

December is typically the month to try to get all the closings in as possible to end the year good, get the properties off of the banks books and for buyers to close in time to meet the Homestead exemption deadline. Although December 2010 had a higher inventory level, more homes sold that month compared to December 2011. December still outperforms November 2011 slightly in the inventory level and sold homes, but not in the average price category. Stay tuned for the complete Clay County Market Report for the year 2011 and 2010 to hit a blog near you. Yep, you got it, this blog! :)

December 2011

And now for a Blast in the Past…………..

December 2010

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 know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

 November 2011

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

November 2011                   November 2010

Active Listings: 1,268           Active Listings: 1,734

Sold: 156                             Sold: 141

Months Inventory: 8.12       Months Inventory: 12.30

Average Price:  352,763     Average Price: 362,850

We're seeing slight improvements from October 2011, to November 2011. 19 more homes sold in Clay County Florida this month than last month. It's great to see how we are selling more and that our active listings are down from last year in November. We're still experiencing a buyer's market, but homes are still selling when price correctly.

November 2011

And now for a Blast in the Past…………..

November 2010

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 know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

November 2011

November 2011                        November 2010

Active Listings: 5,191                 Active Listings: 7,029

Sold: 565                                    Sold: 541

Months Inventory: 9.19               Months Inventory: 12.99

Average Price: 453,920              Average Price: 464,390

As the end of the year is fast approaching, the stats for Jacksonville are continuing to improve. We see a decrease in November's inventory over October 2011 and an increase of the number of homes sold. Also, you'll notice I added the average price back into the mix again, which will give you an idea of what the overall market is doing in all the price ranges combined. With the national unemployment rate seeing a drop, we should continue to see the real estate market in Jacksonville, continue to improve.

November 2011

And now for a Blast in the Past…………..

November 2010

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 know what these numbers mean to you when selling your Jacksonville Florida Home? Call me at 904-910-3516 and find out!

St Johns County Florida Market Report

Single Family homes (attached & detached)

November 2011

Single Family homes in: 

·St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra 

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

November 2011                          November 2010

Active Listings: 1,688                  Active Listings: 2,188

Sold: 190                                     Sold: 183 

Months Inventory: 8.88                Months Inventory: 11.96

Average Price: 479,052               Average Price: 596,166

It seems that November flew by! Only one more market report for 2010 left to do. Little less inventory this month than in October 2011, but we saw 17 more houses sold last month than in November. We are still seeing improvements over last year overall, except if you compare the average prices above. I know it's a little over 100k difference, but that difference comes from the price range 800k and above. All the other prices ranges, we see the average was higher in November 2011 than 2010, so again it doesn't reflect what is going on in every price range.

November 2011

And now for a Blast in the Past…………..

November 2010

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 know what these numbers mean to you when selling your St John's County Florida Home? Call me at 904-910-3516 and find out!

St Johns County Florida Market Report

Single Family homes (attached & detached)

October 2011

Single Family homes in: 

·St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra 

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

October 2011                          October 2010

Active Listings: 1,728              Active Listings: 2,305

Sold: 207                                Sold: 170

Months Inventory: 8.35           Months Inventory:  13.56

Average Price: 482,905         Average Price: 489,232

As you can see from the picture above, we do have some fall color. That was taken about a week ago and the temp was around 81 that day. Love that temp in November! Just wanted to go back in time and take a look at the real estate market in St Johns County Florida in October 2005. There were a total of 1,008 available listings. 183 sold listings. Our months inventory was at 5.51. And that's for every price point total. The average sales price was 451,464. Just think, we sold more in October 2011 than October 2005, we just have 720 more homes available. Not a huge difference in the grand scheme of things really. Still slight improvements in the months inventory this month vs September 2011. Average price is down from September.

October 2011

And now for a Blast in the Past…………..

October 2010

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 know what these numbers mean to you when selling your St John's County Florida Home? Call me at 904-910-3516 and find out!

St Johns County Florida Market Report

Single Family homes (attached & detached)

September 2011

Single Family homes in: 

·St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra 

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

September 2011                      September 2010

Active Listings: 1,746               Active Listings: 2,341

Sold: 191                                  Sold: 167 

Months Inventory: 9.14             Months Inventory: 14.02

Average Price: 548,781            Average Price:  497,350

Do you notice a trend? The months inventory go up one month, down the next. The inventory is down from August 2011, along with the total homes sold. The average price is up from last month, and over all much better real estate market for St Johns County Florida than last year in September.

September 2011

And now for a Blast in the Past…………..

September 2010

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 know what these numbers mean to you when selling your St John's County Florida Home? Call me at 904-910-3516 and find out!

St Johns County Florida Market Report 

Single Family homes (attached & detached)

August 2011

Single Family homes in: 

·St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

August 2011                          August 2010

Active Listings: 1,878             Active Listings: 2,332

Sold: 286                               Sold:  218

Months Inventory: 6.57          Months Inventory:10.70

Average Price: 505,653          Average Price: 479,210

To celebrate the new school year, the real estate market in St Johns County Florida shows improvement over last year in every above category, and the months inventory comes down from July 2011. The average price dropped some from last month, but again that reflects the 800k and up price point.

August 2011

And now for a Blast in the Past…………..

August 2010

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 know what these numbers mean to you when selling your St John's County Florida Home? Call me at 904-910-3516 and find out!

St Johns County Florida Market Report   

Single Family homes (attached & detached)

July 2011

Single Family homes in: 

·St Johns County

·St Augustine

·St Augustine Beach

·Ponte Vedra

·Ponte Vedra Beach

·Palm Valley

·Nocatee

·Vilano Beach

July 2011                             July 2010

Active Listings: 1,931           Active Listings: 2,370

Sold:  204                             Sold: 210

Months Inventory: 9.47         Months Inventory:11.29

Average Price: 587,733        Average Price: 524,083

Looks like we took a few steps back in the months inventory, from June 2011, but still an improvement over last year. I have added the total average price to give you an idea of what the prices are doing. As you can see, the average price of homes sold in St Johns County is up over last year. That's great news, however the better indicator is to look at the different price ranges below and compare them. The luxury market in St Johns County is going to perform different than the smaller price points.

July 2011

And now for a Blast in the Past…………..

July 2010

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 know what these numbers mean to you when selling your St John's County Florida Home? Call me at 904-910-3516 and find out!