Interesting trends in Waterfront home sales in Jacksonville over the last few years. At one point in the not so distant past, I thought I was out of the waterfront business for good. Sales were beyond slow, a bazillion waterfront home owners were calling me to list and sell their homes at prices the market just wouldn’t pay, and banks just wouldn’t lend money unless luxury buyers had at least 30% to put down. With that ongoing trend – I had to switch around my business to stay in business. It worked and I stayed in business and still managed to stay a top producer and consistently grow my business year after year.
Things have changed in the Jacksonville real estate market! Waterfront is back in business in a big way, and it’s a great time to be a seller………and still a great time to be a buyer!
Waterfront Home Stats:
Duval county waterfront sales. These are waterfront single family homes, navigable to the ocean. Creeks, the St Johns River, or the Intracoastal waterway only. NOT oceanfront.
2013: 90 (Through June 16th)
Median – This is the middle sale on the list when sorted by values:
2013: $410,000 (Through June 16th)
Sales over $1mm:
2013: 17 (Through June 16th)
Sales over $2mm:
2013: 2 (Through June 16th)
Sales over $3mm:
2013: 0 (Through June 16th)
What these stats should tell you if you are a Waterfront Home Owner and thinking of Selling: Sales are up! If you have a waterfront home, I have buyers looking for “best of class” homes. What that means: Top condition and priced right, or Needs work and priced right.
What these stats should tell you if you are a Waterfront Home Buyer: Most waterfront home owners know the market has picked up, so the days of heavy lowballing are over for now. That’s not to say there aren’t still some heavily overpriced listings out there…..I see them daily!
For more information on waterfront homes, please email Brad: Brad@BradOfficer.com