Jacksonville Market Updates

Found 9 blog entries about Jacksonville Market Updates.

Our local Jacksonville real estate market can change quickly.  This was our show topic on our weekly radio show on WBOB this week.  If you haven't caught the show, it's every Wednesday from from 2-3pm live on WBOB 101.1 or AM600.  We had a good amount of feedback, so I wanted to share it here in a more visual way.  It's an ever changing market, and if there was ever an opportunity to sell at a high, we are there!  

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The Jacksonville real estate market has been strong all summer with both strong demand for housing and affordability still being very high in our marketplace.  Mortgage rates remain low, but this will certainly change sooner than later with the Feds announcement of more "systematic" rate increases.  

If you've been thinking of selling your home, this is the time!

Would you like an accurate estimate of your home's value, or do you have questions about your specific neighborhood?  Give me a call or text anytime:  904-234-5196   - Brad

Jacksonville real estate market report June 2017 from Brad Officer - Jacksonville Real Estate
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Moving to Jacksonville Florida

Are you moving to Jacksonville Florida?  You'll love living here for sure!  We've compiled 10 of our favorite reasons why you'll love living in Jacksonville.  If you'd like additional information about relocating to Jacksonville FL, just reach out to us and we'd be happy to help you out anyway that we can!

10 Reasons You'll Love the Opportunity to Relocate to Jacksonville FL

Keep in mind, there are WAY MORE reasons to live in Jacksonville than just these.. In fact, we had to limit the list to get it down to 10 reasons.  It wasn't easy, but these are the main standouts as we see them.

Already on your way and ready to search for homes?  Search homes for sale in Jacksonville FL

The Weather in Jacksonville FL

The key factor to nearly all

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The Jacksonville Real Estate Market Early 2017 Report

This is the Early 2017 Report that shows JUST residential sales through January in Jacksonville.  This does not include Ponte Vedra or any of the St Johns activities.... again, just Duval county.  

Major point on this infograph:  Our ACTIVE Listing inventory is way down, so there are less homes on the market compared to the same period the year before. Interestingly enough, the year before was WAY down from the previous year's stats.  This has continued to be the story of our local Jacksonville real estate market.... shrinking inventory, and Buyer demand!

Infographic for our Local Jacksonville Real Estate Market:

Infographic Real Estate Market Jacksonville Florida Early 2017

It's time to get into the market!!!  

Search Homes For Sale in

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Crystal ball jacksonville real estate predictionsWe have a meeting of the minds as to what our predictions will be for the next calendar year.  This year was no different.  We started compiling our list, and made sure to include the "no shit Sherlock" predictions as well as the more "huh - not so sure about that one" predictions.  

  • Rising Mortgage Rates:  Yep - it's already happening and will continue to happen as long as we are seeing a stable economy ahead.  
  • More Transactions:  It's been a trend year over year since the dog days of the bust years.  
  • Price appreciation slows:  I believe we are near the top of our current "arch".  "Current" being the key word there.
  • Move Up Buyers are a MAJOR influence this year:  In Jax, we've had too many people S T U K (4 letter word) for too many
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Real Estate 911 Radio Show Brad Officer

We just finished our Radio show for the week, and our topic was a hot one:  

2017, The Year of the Move Up!

Show notes:

Why we believe 2017 is the move up year.......

First we have to understand demand is building.

  1. MANY homeowners in Jacksonville have been STUK (4 letter word) for nearly a decade.
    1. Not anymore:  Prices are up, and principal balances are down!
    2. Katy bar door! With these homeowners finally above water, MANY will choose to make the move this year.
  2. MORE Buyers entering the market.
    1. Millennials are coming of age with real income, real families, and real money.  They are deciding to buy their first homes, but they are skipping the small starter homes and often times buying that next level up... which is
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Rising Mortgage Rates 2017

Time to make your move in 2017!

If there has ever been a time to capitalize on moving up, this is the time!  

That's right, make your MOVE UP in 2017 and benefit by both selling high and buying low.  How can that be?

  1. Selling High:  We have just finished several years of above average real estate appreciation.  In 2016, Jacksonville realized an 8%+ annual appreciation!  Your house is most likely worth more than you think.  Will this trend continue?  No one knows for sure.  There certainly appears to be a rise in overall consumer sentiment, and our local Jacksonville economy is growing so signs are pointing to positive.  
  2. Buying Low:  Rates are historically low, which gives you increased buying power.  That's right, you'll be able to buy
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As home owners, we are all concerned with the values of our homes.  Obviously we'd love if the values always went up, but that hasn't always been the case in the month to month housing market in the Jacksonville area.  Anyone who lived through the housing and stock market crash in the 2007-2008 timeline can certainly attest to the fluctuation in home values.  

Here we are many years removed and many percentage point increases over the lows of 2012.  Many areas of Jacksonville and the surrounding areas have seen great increases in values while others have seen very slow increases or even flat to borderline decreases.  

Why do some areas appreciate rapidly while other areas (very nearby) in the same town, depreciate?

It all comes down to your Econ

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Wow!  Check out this video on the depreciation and returning appreciation of our Jacksonville real estate market.  Very impressive!

One note to point out:  A slowing of appreciation.  The data is pointing to strong appreciation running up to now, but it's showing a slowing in appreciation which is exactly what we've been talking about in the last few weeks on our radio show:  Real Estate 911 with Brad Officer.  

 

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Listing information last updated on July 23rd, 2019 at 11:08am EDT.