Audra Shuster - Mortgage Professional Invited and Accepted
Audra Shuster is one of the best mortgage professionals I have ever worked 
with.
Audra has over 14 years experience as a loan officer in Orlando, and works with SunTrust Bank. We first met when we lived in Orlando and Audra was working with another lender, doing loans for builders. Due to her expertise, SunTrust Bank hired her to work with their high end builders doing construction perm loans.
Audra still did loans for us that were not construction perms or new consruction, and we were never disappointed. She had the best processor and no balls were ever dropped.
Audra accepted the invitation to join Active Rain and I hope she will come back and share her great wealth of information with us. Audra, thanks for accepting my invitation and I look forward to you learning and sharing here in the Rain!
Eagle Harbor Market Report January 2012- Single Family Homes
84 Active Single Family Homes
147 Single Family Homes Sold 1/1/2011-1/31/2012
The absorption rate* for Eagle Harbor Single Family Homes is 6.9 months.
*This means that it will take 6.9 months for all the Active homes (84) to sell if no other homes come on the market.
This number is down from 7.3 months in September.
A balanced market is between 6-7months of inventory, so Eagle Harbor is entering a balanced market.
If we do not have many more distressed properties come on the market, then prices in Eagle Harbor will continue to stabilize.
Eagle Harbor is a golf community with 2800+ homes, everything from condos to waterfront homes, one of the best tennis programs in the area, three water parks and five day docks. There is a public boat ramp right by the community and RV/boat storage (based on availibility). Schools are all A-rated, with Fleming Island Elementary in the neighborhood. Clay County Soccer Fields are next to the School. Basketball, Volleyball, and Playgrounds throughout Eagle Harbor are just a few more of our amenities. Our full-time Activities Director plans wonderful activities for every age group. Shopping and restaurants are right outside our community - and we even have our own movie theatre on Fleming Island.
Eagle Harbor homes have held their value more than many other Jacksonville communities, and if the decline in inventory stays where it is, then prices will not only stabilize but may begin increasing again
Fleming Island Foreclosures and Short Sales Market Update
A buyer who wants to move here asked the average % list to sales price. Since they are coming in February, we updated this report. Here are the results, which we hope will be helpful to our readers.
What we found interesting is the average list to sales price of 96% for foreclosures and 94% for short sales, is actually a tighter ratio than that for all types of sales in the Jacksonville area, which is currently at 91% (still down from 94% a couple of months ago). This was reported to be 89% in the newspaper, but the stats for this area are 91%. the 89% was for the entire Jacksonville area.
Short Sales are selling for an average of 11% more than foreclosures in the Fleming Island market.
What these numbers tell us is that foreclosures and short sales are being priced close to market value, so Buyers should take notice that as a rule, properties are priced competitively and not to waste their time making wild low ball offers doomed for rejection.
Foreclosures
# Active Listings 7
# Sold Listings 55
Average List Price $187,927
Average Sold Price $180,413
Sale/List Price Ratio 96%
Average Approx. Heated Sq. Ft. 2,332
Average List $/Approx. Heated Sq. Ft. $78.69
Average Sold $/Approx. Heated Sq. Ft. $75.76
Average Days On Market 93
Average Continuing Days On Market 138 (all the Days On Market, including when a listing expires and renews with a new list number)
Short Sales
# Active Listings 69
# Sold Listings 82
Average List Price $233,355
Average Sold Price $219,533
Sale/List Price Ratio 94%
Average Approx. Heated Sq. Ft. 2,473
Average List Price $/Approx. Heated Sq. Ft. $90.10
Average Sold $/Approx. Heated Sq. Ft. $85.26
Average DOM 191
Average CDOM 236 (all the Days On Market, including when a listing expires and renews with a new list number)
Fleming Island Market Report Sales Year Over Year January 2011-2012
The Fleming Island area of Jacksonville Florida is experiencing a decrease in inventory this year, and an increase in sales in some categories, as compared to sales from the same period in January 2010-2011. Let's compare Single Family Home Sales and Townhouse Sales for the same time period between January 2010-2011 and January 2011-2012.
Single Family Homes
Sold 1/31/10-1/31/11
314 Sold Single Family Homes
46 Foreclosures
70 Short Sales
37% total distressed properties sold
What this means to a Buyer or Seller, is that over 35% of the time you were competing or comparing with a distressed property, either short sale or foreclosure. The chance that an appraiser would have to use a distressed sale was 37% of the time.
Townhouses Sold 1/31/10-1/31/11
58 Townhouses SOLD
9 Foreclosure
5 Short Sale
24% distressed properties sold
Single Family Homes Sold 1/31/11-1/31/12
340 Single Family Homes
54 Foreclosure
76 Short Sale
38% distressed properties sold
Townhouses Sold 1/31/11-1/31/12
40 Townhouses Sold
1 Foreclosure
6 Short Sale
18% distressed properties sold
What this means to a Buyer or Seller, is that over 38% of the time you are competing or comparing with a distressed property for single family homes, and 18% of the time for townhomes, either short sale or foreclosure. The chance that an appraiser will have to use a distressed sale is 38% for single family homes or 18% for townhomes of the time. It is interesting to note that this is reducde from 43% for single family homes and 21% for townhomes from the September 2011 report.
There is a 8% increase of single family home sales in 2012 versus the same time period in 2011. Inventories are down and the % of distressed properties sold is about the same for single family homes, but has reduced for distressed properties. Let's watch for a trend to see if prices are truly stabilizing in 2012.
If you are thinking of selling or buying on Fleming Island, please give us a call. We are ready to help with up to the minute information about Fleming Island homes for sale.
It may only be the ship and not the owner, but Kismet is visiting Jacksonville FL this weekend.How long will she be here? Who knows, but yesterday and today visitors to the St. Johns waterfront by the Hyatt Regency enjoyed the 223' vessel.
Who owns Kismet? None other than our new Jaguars' owner, Shahid Khan. The ship is for sale at $112 million, or can be rented weekly for $600,000 for cruises in either the Mediterranean or Caribbean.
If you have some time tomorrow, check it out if she is still here. When the Super Bowl was here, we saw some ships that were over 100' long, but this one dwarfs those. This one is on another league.
Mr. Khan has made a statement just by docking his ship here for the weekend. If his plans for our team are anything like the league of his private ship, then I am a very excited Jaguars fan!
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Local info, market reports & listings for Jacksonville, Fleming Island, Orange Park, St. Johns. We close 95% of our short sales. "Best in Client Satisfaction" Jacksonville Homebuyer Magazine 2005-2011
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