Here's what Jacksonville Real Estate in March 2008 looked like:
| Current # of listings available March 2008 | 7,490 |
| Average # of sales per month (homes that went under contract not sold) | 579 |
| Ave days on market (under contract homes, not sold)- | 132.98 |
| Remaining # months inventory | 12.94 |
| Selling price % of list price (original list price) (these were homes that sold and closed in February 2008) | 88.82% |
Continued at Jacksonville Florida Real Estate
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
Here's what Jacksonville Real Estate in February 2008 looked like:
| Current # of listings available February 2008 | 7,509 |
| Average # of sales per month (homes that went under contract not sold) | 551 |
| Ave days on market (under contract homes, not sold)- | 139.01 |
| Remaining # months inventory | 13.63 |
| Selling price % of list price (original list price) (these were homes that sold and closed in February 2008) | 87.7% |
Continued at Jacksonville Florida Real Estate Market Watch
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
Here's what Jacksonville Real Estate in January 2008 looked like:
| Current # of listings available January 2008 | 7,279 |
| Average # of sales per month (homes that went under contract not sold) | 485 |
| Ave days on market (under contract homes, not sold)- | 119.25 |
| Remaining # months inventory | 15 |
| Selling price % of list price (original list price) (these were homes that sold and closed in January 2008) | 89.31% |
Continued at Jacksonville Florida Real Estate Market Watch
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Home in Jacksonville, Orange Park and surrounding areas in Northeast Florida.
From Real Estate Ramblings & More
One of my favorite places to go boating is on the Intracoastal (Palm Valley/Nocatee area) and head south to St 
Augustine. Here is one drop off point for your boat.
From the Avenues mall, go south on Phillips Highway, turn left onto 210, also know as Palm Valley road (by the Gate gas station). Palm Valley road turns into Nocatee Parkway. Keep going, you will see a bridge, go over the bridge, at the bottom of the bridge turn right and follow the road around. You'll see the boat ramp.
As you can see the waterway is beautiful. If you head south towards St Augustine, you'll actually make your way to the Historic area of St Augustine, by the Bridge of Lions, which is currently being 
restored.
As you make your way towards the Bridge of Lions, you can turn left a little before the bridge and head out to the ocean.
And since the ocean is right there, if you watch the waters, you'll see dolphins swimming in the Intracoastal.
If you're curious to see what houses are selling for in the Ponte Vedra, Palm Valley and Nocatee area, you can request to receive home listings delivered to your email.
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Homein Jacksonville, Orange Park and surrounding areas in Northeast Florida.
From Real Estate Ramblings & More
As human beings we want to know who is the blame for our current situation, who can we be mad at, who can we point that accusing finger at?
Here's my take on the current situation not only in the Jacksonville Florida real estate market but the entire country: (Not necessary in any particular order)
Wait! Before I start, I want to say that I don't believe there is just one person or one scenerio that caused out current situation, it's the accumulation of many.
1. Any unscrupulous people, whether it be lenders, real estate agents, appraisers, investors, owner occupied buyers, etc...
2. Real estate agents- yep, I said it. We have to take a little responsibility. We pushed the bar to net our sellers the most money we could. That's not really a bad thing, but it is reality.
3.Appraisers-Some helped push the values too high when the value just wasn't there.
4. Mr. Greenspan should have raised the rates a little more before our peak in 2005.
5. New home builders. They were increasing their prices right and left. One builder consistantly increased their prices by 5k a month!
6. First time homebuyers were priced out of the market! Think about it....your first time homebuyers are your foundation, without first time homebuyers to buy homes, it keeps everyone else from moving up to bigger homes. So the market is correcting our faulty foundation, by the prices coming down so the qualified first time homebuyers can start buying again.
8. Lenders for lending money to people just because they had a pulse! And some of those programs, I can't believe you put those buyers in, even though they were not in the buyer's best interest.
Last but definitely not least....
9. Buyers who made poor choices just to be able to buy a home. And I'm talking about investors and owner occupied alike! You signed up for interest only loans or loans with ARMS, thinking that the market would still be hot and you would be able to refinance to a fixed rate or sell for a huge profit. Now, when the ARMs have reset and homeowners can't afford their new payment, they are also having a difficult time selling their home because they are upside down in value. What a terrible place to be for families facing this burden.
What a learning experience this has been! Personally, I'm glad to have the opportunity to experience the market of 2004/2005 and to be experiencing the current market. Don't get me wrong, I can't stand to walk into a vacant home that is going into foreclosure, and seeing remnants of a family. Little finger prints on the wall, toys left behind, furniture left behind, anything that tells a story of who the people were, that lived there. I've learned the tools needed to assist these homeowners to make the best out of a bad situation. Learn what your options are to foreclosure.
Your Jacksonville Florida Real Estate Agent, Pam Graham 904-910-3516
Vanguard Realty, GMAC Real Estate
Come find your Dream Homein Jacksonville, Orange Park and surrounding areas in Northeast Florida.
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