Jacksonville Real Estate Ramblings

 Jacksonville Florida Market Report

 Single Family homes (attached & detached)

February 2012

 February 2012                       February 2011

Active Listings: 4,748                Active Listings: 6,447

Sold: 603                                  Sold: 547

Months Inventory: 7.87           Months Inventory:  11.79

Average Price:  536,431          Average Price:  517,630

2012 the year of the real estate comeback? Sure looks to be going in a positive direction. With almost 1700 less homes on the market and 56 more homes sold this month versus February 2011, things are looking better for the Jacksonville market. Not much of a change vs January of this year, except for the average price jumping up in February. Houses are selling, if they are priced competitively and in good condition. Great location helps as well. Curious to know what your house could sell for in this market? I'll do a Free Home Valuation for your Jacksonville Home and have the information emailed to you within 24 hours. No obligation.

And now for a Blast in the Past…………..

February 2011

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!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

January 2012

January 2012                        January 2011

Active Listings: 4,691                Active Listings: 6,517

Sold: 606                                  Sold: 500

Months Inventory: 7.74             Months Inventory: 13.45

Average Price: 389,472           Average Price: 542,105

I was showing a house the other day and it was bought in April of 2011 for 198k and is now on the market, under contract, with a list price of 214k. Until it's sold, we won't know the exact amount it was sold for, but let's just assume it's at 214k. This home is NOT a short sale or distressed, because the owners paid cash. (Of course we don't know what is going on in their life to sell it so quick) Just think, in our current market, they will end up making 16k. We haven't seen that happen as often in the past 4 or 5 years. Not only did our inventory decrease by a little more than 1800 homes, but we also see that there were 106 more homes sold in January 2012 vs January 2011! Based on inventory levels, we are still in a buyers market, but we are slowly creeping into a stable market. 

January 2012

And now for a Blast in the Past…………..

January 2011

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!

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!

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!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

October 2011

October 2011                               October 2010

Active Listings: 5,213                    Active Listings: 7,129

Sold: 532                                      Sold: 527

Months Inventory: 9.8                  Months Inventory: 13.53

Just like we saw in the Clay County Florida Market Report, we are seeing an increase in the months inventory for the month of October in Jacksonville. Same trend too, a decrease in the amount of inventory, which is great, but a decrease in the total homes sold in October 2011 vs September 2011, by 99 homes. Not really a big deal, as we are approaching our slower time in the Jacksonville Florida real estate market.

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 Jacksonville Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

September 2011

September 2011                 September 2010

                                               Active Listings: 5,379           Active Listings: 7,364

                                              Sold: 631                               Sold: 637

                                                   Months Inventory: 8.52          Months Inventory: 11.56

Welcome back to another month of real estate market stats for Jacksonville Florida. Last year in September there were 1,985 more house available for sale, than this year in September! Running neck and neck with the amount sold in September 2010 and September 2011. Foreclosures and short sales in Jacksonville are at 41.2% of the total homes sold, which is down about 2% from August 2011. The average price in Jacksonville, in September 2011 is $518,329, while in September 2010, the average price was $471,954. The biggest difference was in the price range of 800k and up, but there were increases in most of the different price ranges. Does this mean we have reached the bottom yet in Jacksonville? The inventory level still suggests we are in a buyer's market, so once we see that level decrease some more, to where we are seeing a more balanced market (around 6 months of inventory), the bottom will be near. With that said however, we never know when we are at the bottom, until we have started back up.......

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 Jacksonville Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

August 2011

                                         August 2011                                August 2010

                                         Active Listings: 5,567                   Active Listings:  7,332

                                         Sold: 658                                      Sold: 692 

                                             Months Inventory: 8.46               Months Inventory: 10.6

In August 2010, we saw a jump in the sold foreclosure activity from previous months in 2010. From 95 sold foreclosures in Jacksonville in July 2010, to 229 in August 2010. August 2011 again shows improvements from last year and inventory levels are still coming down. We see the inventory level in August 2011 come down and the sold houses in Jacksonville go up slightly versus the levels in July 2011.

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 Jacksonville Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

July 2011

                                         July 2011                                July 2010

                                         Active Listings: 5,709             Active Listings: 7,437  

                                         Sold: 625                                Sold: 680  

                                              Months Inventory: 9.13          Months Inventory: 10.94

We see a slip in the wrong direction in July from June 2011. The inventory level in Jacksonville is going down, but the total homes sold in Jacksonville, have seen a slight drop. Still not to be concerned, we saw a huge improvement from July of 2010. Foreclosures and shorts sales, make up around 42.4%, down by 3.6%.

   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 Jacksonville Florida Home? Call me at 904-910-3516 and find out!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

June 2011

June 2011                                June 2010

                                         Active Listings: 5,848               Active Listings: 7,296    

                                         Sold: 769                                  Sold: 892   

                                              Months Inventory: 7.6              Months Inventory: 8.18

Okay Jacksonville, we are back on track now, with less inventory and more houses sold this month than in May 2011! Foreclosures and short sales make up around 46% of the total homes sold in June. That should make non-distressed homeowners feel a little more positive, knowing that more than half of the homes sold in Jacksonville in June, were other non-distressed homes.

June 2011

 And now for a Blast in the Past…………..

June 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!

Jacksonville Florida Market Report

 Single Family homes (attached & detached)

May 2011

                                         May 2011                               May 2010

                                         Active Listings: 6,014             Active Listings: 7,178       

                                         Sold: 662                                Sold: 772      

                                              Months Inventory: 9.08          Months Inventory: 9.30

Okay, May's months Inventory made a step in the wrong direction from April 2011, but still an improvement over May 2010. Some more good news, the foreclosures and short sales sold in Jacksonville, dropped to 45% of the homes sold in May 2011. As short sales become easier to complete and in less time, we will see less foreclosures, than short sales. Right now, many sellers are throwing their hands up in defeat after failed attempts at short selling their homes.

 May 2011

 And now for a Blast in the Past…………..

May 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!