- The Jacksonville Real Estate market will continue to improve.
- Improve means more sales, it does not mean increase in prices.
- Jacksonville real estate prices continue to decline.
- Less declines in the low $100k - $200k range (this price point is HOT!)
- Faster and more declines in the $300k+ range
- As unemployment in Jacksonville currently remains one of the highest in the country, and Jacksonville being one of the most over built and biggest price bubbles in the country, I don't believe we are out of the woods yet.
- Supply of houses for sale stays high.
- Early spring to mid summer, I anticipate a flood of new listings based on many of my contacts.
- Foreclosures are widely noted to be resuming and will start hitting the market again.
- Non-Distressed Sellers accept reality.
- the reality that their home's value will not miraculously bounce back to 2006 levels.
- the reality that that 1 special buyer isn't falling in love with their over priced house.
- We see non-distressed sellers finally getting aggressive with pricing.
- Significant increase in Short Sales.
- Many who have been barely hanging on, finally accept their temporary fate.
- More short sales in higher priced neighborhoods are sure to come this year.
- Many who have not been paying the mortgage finally decide to be proactive versus living in fear of the day they get kicked out for good by the bank.
- Real Estate becomes a smart investment.....again.
- With much talk of lowest interest rates and bottoming prices, real estate investing will get hot again.
- The smartest investors go with the buy and hold, vs flipping.
- Rental prices keep rising
- If I had a dollar for every call I get.....
- As more x-homeowners become renters, demand is increasing
- Further evidence that real estate continues to be a great investment
- The year of the best deal
- 2012 may very well be the perfect storm for the perfect purchase
- Rates are historically low, plenty of inventory to choose from, prices are very low, affordability is very low
- Jacksonville has been noted nationally as one of the best buys for real estate investing
- If we all agree the bubble officially burst in 2007, it's been 5 long years of historic price declines, 6 counting 2012. It's only a matter of time before we start seeing a slight upward trend again.
- Even I'm shopping for another home this year!
- Sellers and Buyers continue to hear real estate news differently
- "The market is improving", "Increase in foreclosures", "Prices are rising in some areas", "Year over year sales are up", "Delinquency rates rise", etc.
- Buyers always hear the "prices should be lower" news
- Sellers always hear the "real estate market is rebounding" news
- It will take smart real estate agents to help their buyers and sellers decipher the news as it relates to their specific market and neighborhood.
- Fewer Jacksonville REALTORS than in 2011
- year over year, the number of REALTORS in Jacksonville has declined since 2006
- It's not cheap to stay as a non producing member, so many of the part timers finally relinquish their status as a REALTOR.
- Brad Officer & Company continues the pattern of growth and outperforming the average
- For 2011 we did 3.75 times more transactions than the average REALTOR
- The average REALTOR spends about $630 annually on technology....we see technology as an investment as opposed to an expense and we continue to divert cash towards it, and far more than the average.
- The average REALTOR spends $250 annually on their website. I think it shows in their sites!
- Our #1 measure for customer satisfaction continues to rise: Referrals from previous clients!
- I track everything, and all categories are on the rise: Buyer inquiries, website search sign ups, Seller inquiries, new listing appointments, new listings taken, hits to the website, google bing & yahoo searches, and the absolute most important: CUSTOMER Satisfaction.
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