August 2014 Homes Sold Jacksonville, FL

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920
https://activerain.com/droplet/4ns5

 

 

 

A point of interest, I have bolded and italicized below: 13.1% of sales were for MORE than list price.

 

1,996 homes changed hands at a median price of $158,500. Inventory of 9,758 (4.9 months’ worth) is just below five- to six-months considered a balanced market. Less new listings are lender mediated sales.    

 

JACKSONVILLE, Fla. – August 2014 housing sales reports are now posted by the Northeast Florida Association of Realtors on NEFAR.com. Except where otherwise indicated, statistics reflect combined results for single-family residential and condominium properties.

 

The sluggishness of the dog days of summer seemed to be reflected in a slight slowdown in real estate sales as well. Dropping from July’s 2,104 closed sales, August had 1,996. Pending sales (those on which a contract was written but have not closed) came in at 2,305, another small dip from July’s 2,335 pendings.

 

A median sales price of $158,500 was up two percent year to date, but still lagging a tad behind July’s $166,964 median.

 

There were 2,759 new listings added to the market during August, yet inventory dropped to 9,758. This equates to 4.9 months supply of homes for sale (slightly less than the five- to six-months that is considered a balanced market).

 

Despite the small slowdown, 13.1 percent of sales were for more than the original listing price, reflecting continued competition for properties due to low inventory.

 

Of the 1,996 closed sales, 33.3 percent were lender mediated. The percentage of new listings hitting the market show a much lower percentage of lender mediated properties; 23.5 percent.

 

Within the 9,758 properties in inventory, roughly half (4,913) are prices below $200,000. On the other end of the spectrum, there are 334 homes in inventory priced at $1,000,000 or above.

 

2014 NEFAR President Linda McMorrow says, “Everything seemed to move a little slower during August, but closed sales are still up 5.5 percent year to date over 2013 and sales prices are up 3.4 percent year to date.”    

    

For these and numerous other real estate market statistics, take advantage of the FREE market reports available on NEFAR.com (Market Stats icon). Three categories of reports are available: 1) The Monthly Indicators and Housing Supply Overview Report summarizes complete activity for NEFAR’s entire service area plus *partial information for St. Johns County and Nassau County. 2) Lender-Mediated sales reports offer a targeted look specifically at lender-mediated sales and how they compare to traditional sales. 3) Annual Reports – 2011, 2012 and 2013 are available - give an extensive year in review, with comparisons from the four preceding years included.

 

About NEFAR

The Northeast Florida Association of Realtors provides professional development, political advocacy, professional standards administration, media relations, and promotional activities and exchange of information among its members. NEFAR serves as the voice for real estate in northeast Florida; serving the public through efforts to protect private property rights and community affairs programs. NEFAR is Northeast Florida's largest professional association, comprising more than 5,000 members working in all facets of the real estate industry, including residential and commercial sales as well as property management. All statistics in NEFAR’s reports are based on data compiled from NEFAR’s wholly owned subsidiary, the Northeast Florida Multiple Listing Service (NEFMLS). NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, Palatka and World Golf Village. * As all Nassau and St. Johns County Realtors are not participants of the NEFMLS; reports provided do not represent the full extent of Realtor sales in those counties.

 

Posted by

Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

 

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Rainmaker
1,993,696
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Carol, always enjoy viewing information on other communities.  tks for sharing.

Sep 17, 2014 03:52 AM #1
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

That's a lot of sales, Carol.  It's almost equal to our entire inventory in Martin County.

Sep 17, 2014 09:23 PM #2
Rainmaker
255,473
Ron Saporito, Palm Desert, CA Real Estate & Mortgage Broker Since 2003
Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Coachella, Rancho Mirage, Palm Springs. - Indio, CA
Call (760)574-8486. www.JustListedinPalmDesert.com

Sounds like there is a good amount of competition amon buyers in Jacksonville. I noticed you are with Berkshire Hathaway, I was just reading an article about their expansion in So. CA. this morning. Great company.

Sep 25, 2014 04:14 AM #3
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Rainmaker
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Carol Zingone

Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
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