Orange Park Real Estate Market

Welcome to the world of Orange Park Real Estate. Many people right now, buyers and sellers alike, are wanting the scoop on the real estate market. They have a lot of questions too. Like....How to Hire a Real Estate Agent, Why Didn't My Home Sell, What is My House Worth, and Why Should I be Pre-qualified Before Starting My Search, and Where Can I Search The Web for Homes?

Now these are all very good questions, and the links by clicking on them give you some great answers. But I really want to let you know the numbers of the Orange Park Real Estate Market.(Including all of Orange Park, Middleburg and Flemming Islad Area)

Homes Currently on The Market:

• 1,483

New Listings In March(todate)

• 221

Home Listings that Expired in March(todate)

• 110

Homes SOLD/Under Contract in March(todate)

• 337(60 closed, 277 Pending)

# of Homes By Price Range

• $0 -$150K- 59
• $150K-$200K-254
• $200K-$250K-315
• $250K-$300K-249
• $300K-$350K-174
• $350K-$400K-136
• $400K-$450K-64
• $450K-$500K-58
• $500K- + -136

So your probably asking yourself, "What does all of this mean?" It means simply this. YES, it is still a buyers market. However, sellers are having a better leg to stand on, especially depending on what price range they are in. Home sales are increasing and the sky is not falling. Home sellers(and buyers) need to have realistic expectations about the homes value and know that the 15% appreciation that many experienced 2 years ago isn't going to happen again any time soon. Expectations for 2007 are a modest 2-3% appreciation. Some markets it may be more, depending on its desirability.

It seems that after months of buyer doubts and seller frustrations the market is leveling out, consistantly. Home showings have increased, which means that buyers are feeling comfortable with asking prices and moderate appreciation. (Which is great for everyone)

For more information on Home-buying or Selling Contact Me for a sit down consultation. Also, feel free to use my website http://www.thelandryteam.com/ as a real estate resource.

As well, you can visit my website and get set up on Free Market Snapshots!! These can be customized for buyers or sellers. This will help you know your market, know whats going on, and know what your competition is looking at too. For sellers, this is a great tool to help price your home, and check out the competition.

Liz Landry-Keller Williams Realty First Coast

1.877.886.0849