Ever wonder how far your money will stretch by location in the real estate market? Here are price comparisons for recent sales in four different cities across the United States. We might be biased, but Jacksonville, Florida, looks great to us!
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Spring 2014 - Jacksonville and Ponte Vedra Beaches Market Update
In our 2013 year-end update, we highlighted improved market conditions and also a decided swing from a buyer’s market to one driven by sellers. That trend continues this spring. As of the end of the first quarter of 2014, the key Beaches indicators are as follows (as compared to the first quarter of 2013):
- New listings dropped by 7.7%
- Closed sales dropped by 4.9%
- Average days on market rose slightly to 105 (2.9%) but as still well below a “balanced” market of 120 days
- Median sales prices rose from $262,000 to $333,000, up 27%.
- Selling prices to original listing prices declined slightly (0.8%) to 92.6%.
Perhaps most surprising, was the rise in median sales prices. Further analysis indicates that the entire price gain came from two beaches markets—Ponte Vedra Beach North (Region 25), which was up almost 92% and Jacksonville Beach, which was up almost 20%. Median sales prices actually declined in Neptune Beach (- 15%) and in Atlantic Beach (-1%). The first quarter comparison most likely will exaggerate the overall price gains, so watch next quarter for an update on prices when we have a full six months of data to work with.
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Visit this beautiful Amelia View home, 2966 Amelia Bluff Drive, on Sunday, April 27th, noon-2 p.m.
This wonderful home has a large formal living room, spacious dining room, big kitchen and family room. You'll have plenty of room for entertaining with the easy flow of this layout! The terrific split floor plan offers the master and three bedrooms downstairs and then a large bonus room and bathroom upstairs.
Open the sliding glass pocket door to access the screened lanai and heated pool, creating one great outdoor living area! The view of the pond and preserve offer wonderful privacy. The beautiful lot is over an acre with a fenced backyard facing the water. Additional bonus features that make this home unique include a brick exterior, hurricane shutters, and an oversized garage.
MLS - 711936
Continue reading “Open House in Amelia View, Sunday, 4/27 ”...
Looking for a home in the beautiful Ponte Vedra Beach community of Marsh Landing? If so, you'll definitely want to take a look at my new listings at 104 Kingfisher Drive and 145 Linkside Circle. Both homes offer many wonderful features and have over 4,000 square feet of living space.
Marsh Landing County Club has over 1100 residences on 1700 acres and is one of the most desirable communities in Ponte Vedra Beach. This gated community (located east of A1A, and south of J Turner Butler Boulevard) is noted for its lovely marsh views, its overall natural beauty, and its access to the Intracoastal Waterway.
Continue reading “New Listings in Marsh Landing! ”...
The positive growth in our national economy has had a big impact on values in Ponte Vedra Beach, particularly Marsh Landing's Harbour Island. Sales and new construction were resurgent in 2013. A number of factors appear to be driving the overall improvement of the Northeast Florida real estate market, including:
- Soaring stock indices.
- Actions from the Federal Reserve, encouraging interest rates to remain low.
- Declining unemployment rates.
- Increased consumer confidence.
- Declining numbers of lender-mediated real estate transactions (short sales and foreclosures).
Continue reading “Real Estate Market Report: Harbour Island ”...