Data Statistics for Duval County from September 28, 2008 - October 28, 2008
Active Residential Listings in Jacksonville: 7,384
Pending Residential Sales in Jacksonville: 591
Residential Sales in Jacksonville: 434
Average Days on Market: 121 days for Active Residential listings
101 days for Residential listings sold
Median Sales Price: $157,950 for Active Residential listings
Median List Price: $177,750
Sales Price:
Least-Expensive Single Family Residence Active Listing: $61,900 Least-Expensive Condominium Active Listing: $65,000 Most-Expensive Single Family Residence Active Listing: $10,000,000
Most-Expensive Condominium Active Listing: $2,750,000
Price Point with the Most Listings: $100,000-$200,000 in Residential listings (3,122 listings)
Average number of units sold in Jacksonville this year:

Here are the latest charts for residential properties in Jacksonville...
Average Price:

Average Days on Market:

It looks like there's reason for cautious optimism in the Florida real estate market. The Florida Association of REALTORS (FAR) announced that sales of single family homes increased slightly in July, 2008 vs. those in July, 2007. Even more good news: Florida's single family home median sales price is up 18% over the last five years, with the current price standing at $193,600.
I'm convinced that two recent acts passed by Congress will continue to boost the housing market: one is the housing stimulus bill and the second is the first time homebuyer's tax credit. The National Association of REALTORs seems to feel the same way; a recent report from the NAR states that existing home sales are expected to show modest improvement in the coming months.
Even with the slight upswing in prices, this is still a GREAT time to buy in the Jacksonville area. I'm always updating my inventory of available properties-call me and let's work together to find the one that's right for you.
Gina
Can news of inflation ever be good news? Yes, when it indicates that a turnaround may be in store for Jacksonville's housing market. A University of Northern Florida economist reports that last month's 1% jump in Jacksonville's consumer price index may signal a revival of the city's real estate market.
"Normally, a jump of inflation of 1% would be very disconcerting, but when it indicates a growing recovery in the housing market, it's not as bad as it appears on the surface," said Paul Mason, an economist with the University of Northern Florida and coordinator of the Local Economic Indicators Project.
There's more good housing news from Central Florida as well. "Geographically, Central Florida is going to be the recovery point for the state of Florida," said Roger Soderstrom, owner and founder of Stirling Sotheby's International Realty. He said "pent-up demand" is bringing people back into a buying mode and forecasts an upward swing in the market with buyers able to find homes they love at affordable prices.
Soderstrom notes that people who have owned homes for a decade or more have also experienced strong appreciation in their property's value. He predicts that real estate will continue to make gains in Florida, with the state continuing to attract newcomers and retirees.
If you know someone who is thinking about moving to the Jacksonville area, please pass my name and number along. There are some great homes at affordable prices out there just waiting for some new owners!
Gina
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved