Clay County Florida Market Report
January 2012
Single Family homes in:
· Fleming Island
· Orange Park
· Middleburg
· Green Cove Springs
January 2012 January 2011
Active Listings: 1,181 Active Listings: 1,574
Sold: 121 Sold: 117
Months Inventory: 9.76 Months Inventory: 13.45
Average Price: 380,029 Average Price: 413,149
For January 2012, Clay County didn't see the same positive improvements as Jacksonville did, but still more positive than in January 2011 as far as inventory levels. I was showing a house in Clay County 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. It will be nice to get back to a normal market, where shorts sales and foreclosures are not so prevalent.
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 Clay County 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!
Lake Asbury, Green Cove Springs, Florida
Lake Asbury offers multiple lifestyles, which is different than most cookie cutter neighborhoods. If you're looking for waterfront homes, there are 3 lakes, with about 430 properties. One lake (Lake Ryan) is for paddle boats and canoes, the other two lakes, (Lake Asbury & South Lake) you can enjoy boats and jet skis. Only the lake owners have access to the boat ramps on these two lakes.
There are also properties zoned for horses for the equestrian folks. What all the lots have in common are some elbow room. Some properties start at 1/4 acre, but those are rare, the majority are 1 acre or more, some even at 5 acres and up.
Inside the Lake Asbury neighborhood is the local fire dept, that's gotta make you feel a little better, knowing those guys and gals are close by. There's also a small playground and community center right next to the fire department.
The lake owners are members of the Lake Asbury Lake Lot Owners Association (LALLOA) and the Lake Asbury Municipal Service Benefit District. (LAMSBD). The function of the LAMSBD is to preserve the quality of the lakes and LALLOA would retain all authority as to lake usage and title to the lots that posses the boat ramp access to the lakes.
Lake Asbury is located in a quiet community, a little ways from the hustle and bustle, but still close to shopping, churches, boat ramps, walking distance to two schools (see below for school info), about 35 mins from NAS Jax. Taking the scenic route to St Augustine, you can be there in about 40-45 mins, even though mapquest says about an hour. No, I don't have the pedal to the medal either. :)
These pictures were taken in January, so not quite as green as it normally is.
View Lake Asbury in a larger map
Schools
Lake Asbury Elementary
Lake Asbury Jr High
Clay High School
Always check with the school just in case of zone changes. You can view the Clay County Florida bus routes and input your address to determine what school your child(ren) will go to.
Asbury Commons in Lake Asbury
There is some stores close by, so you don't have to drive far. There's a gas station, Italian restaurant, Subway, fitness center, dance studio, Duke's BBQ, Chinese, a Dick's wings, grocery store, Game Swap and my family's favorite Just Chillin.
Mortgage Forgiveness Debt Relief Act of 2007 is set to expire.
What does this mean to sellers selling their Jacksonville Home as a Short Sale?
If you're not familiar with the Mortgage Forgiveness Debt Relief Act of 2007, this went into effect December 2007. Before this came about, if you were to sell your house short, the balanced that your lien holder did not collect was considered income, and would be taxable. You would receive a 1099 in January or February after the home had closed. But the Mortgage Forgiveness Debt Relief Act allows you to exclude certain canceled debt on your principal residence from income. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. There are some conditions, so make sure you either talk to your CPA or visit the Mortgage Forgiveness Debt Relief Act of 2007 page. This relief act is set to expire December 2012.
Currently President Obama proposes extending tax waiver on mortgage debt forgiveness in his budget proposal of 2013. So, will this be extended? I hope so, but there are some opposition in Congress, who may put up a fight.
What does this mean to the sellers needing to short sale their Jacksonville Florida Home?
First, you need to weigh out your options. Have you tried a loan modification, can you catch up your payments if you're behind, is bankruptcy an option? If you feel that a short sale would help your situation, then you need to speak to a real estate agent, who has experience in listing and selling short sales, to see if a short sale is the way for you to go.
I hate saying, don't wait, because this may not be extended, cos really, it makes me feel like a high pressured sales person, and I'm not, but you know as well as I do, that our government will wait til the last minute to make these decisions, and if it turns out that the extension does not happen, you will be looking at a higher tax bill when you do short sale. Also, short sales take time, so you need to give yourself some cushion.
If you're look for an agent in Jacksonville or surrounding areas, who does short sales, I'm one, who is not afraid to get to work to get your home sold. I can't promise a stress free ride, and maybe after we speak, you find that doing a short sale may not be in your best interest. It will be your decision and if selling is what you decide, I will work on getting your short sale closed as if it were my own.
Youth Soccer Clubs in Clay County FL, Spring Season 2012 Starts Soon! Sign ups are happening right now, deadlines coming up in February. If you're new to the area or you're not aware of the different Youth Soccer Clubs in Clay County FL, I've compiled a list below for easy access to the information you need to get your kids signed up.
The one I'm most familiar with is:
Both my kids have been playing there for about 4 seasons now and they love it.
Keystone Heights Youth Soccer Club 
The YMCA isn't a soccer club, but they do offer a variety of sports, including soccer. Both my kids played there as well.
The info above could change, so if you have specific questions, contact the individual Youth Soccer Club in Clay County FL that you're interested in.
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I specialize in working with sellers. If you're wanting to sell your current home then buy another one, or you're in a pre foreclosure situation with or without equity in your home.
I'm a full time real estate agent and I've been in the real estate business since December 2002. The biggest complaint I've heard from buyers and sellers about their real estate agent is they never hear from them once they list their home or submit a contract to purchase a home. Communication is important, so I offer a communication guarantee. I guarantee I will contact my buyers and sellers at least once a week.
I also offer an Easy Exit Guarantee to my buyers and sellers. If I don't do what I said I'm going to do,you can fire me. You'll no longer feel like you're stuck in a contract with an agent who is not doing their job.
I belong to the Northeast Florida Association of Realtors, Florida Association of Realtors and the National Association of Realtors.
We specialize in helping families relocate to the Jacksonville, Orange Park, Middleburg, Green Cove Springs, St Johns County, Jacksonville Beach, Atlantic Beach, Neptune Beach, Ponte Vedra Beach and Palm Valley. I understand how it feels to make a move to a different area, my family moved to the Northeast Florida area in 1999 from the Virginia/West Virginia area.
Whether you're purchasing a new home or a resale, we'll walk you through every step of the way and communicate to you weekly on the steps being taken to get you closer to the day you can move into your new home.
We love first time homebuyers! It's like purchasing my first home all over again. We enjoy helping families purchase their first home and will educate you on the buying process from start to finish and after the sale.
Are you behind on your mortgage? We specialize in helping homeowners avoid foreclosure, by explaining your options so you can make an educated decision.
I've lived in Northeast Florida since September 1999. It was a huge and very scary move, but I've never regretted a moment of it! I was born and raised in Winchester, VA home to the county music legend Patsy Cline and we lived in Shepherdstown WV, before we headed south for the winter, spring summer and fall!
2 kids, one dog and a very supportive hubby of 19 years all keep me on my toes! In the spring of 08, I realized what it really meant to be a biker babe when we purchased our Yamaha V-star. Very fun indeed! I decided my hubby wasn't going to have all the
fun and got my motorcycle license too.
Yes, that's me driving and my hubby on the back. He's such a good sport!
We are also a soccer family too! Love soccer! Both my kids play for Clay County Soccer Club and my daughter made her JV High School team. I also play on a women's league for Beaches Adult Soccer League. The fields are all over the first coast including Jacksonville, St Johns County and Clay County. Men and women of all shapes, sizes and ages. I have team mates in their 20s, 30s, 40s and one getting ready to turn 50! It's lots of fun and great exercise.
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