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Archive for the 'Sales Data/Statistics' Category
Two $500K+ Homes Sell in Avondale!
After a VERY quiet year in home sales over $500K in Avondale, there have FINALLY been a few sales in this price range. In the last couple of weeks, 1913 Greenwood closed for $ 586,750K and 3585 Richmond Street closed for $576K. The Richmond Street listing was with Ellen Walters of the Fred Miller Group and David Butler of Watson brought the buyers. With these two sales, the neighborhood will now have some “comps” (comparable sales) that appraisers can use and we hope that the landslide in prices has stopped. The price per square foot for these two sales was $232 and $229 respectively. The lot size of the two properties was similar.
Both of these homes were 3br/2.5ba homes with approx. 2,500 square feet. Both had garages and both had guest houses above the garage. The guest house on Greenwood was apparently in orginal condition and the one on Richmond street had some minor upgrades.
1837 Ingleside - At only $219 per square foot it's a DEAL!
We’ve got a fantastic listing on Ingleside Avenue that has 3br/2.5ba with lots of upgrades – so if you happen to have “missed out” on either one of the houses mentioned above and are still looking, please give us a call. At $644K and 2,940 square feet, our asking price is $219psf AND our guest house and garage are NEW! The two most recent sales were at $229 and $232 per square foot.
Thanks for reading! If you’d like to get the latest and greatest about what’s going on in with real estate in Avondale, Ortega and Riverside, please give us a call! We’d love to help you find or sell a home in the neighborhood!
13 (1), 21 (1), 16 (1), 25 (2), 15 (3) and Counting!
As you read the title of my blog today, you must be wondering — is she crazy? What DO those numbers mean? They represent the number of single family home and condo sales on a month by month basis beginning in January of this year. Condo sales are in parentheses.
The month of April was a little wild for us. We had a couple of sales, took several listings and were working with a few buyers. It seemed, at times, that we could hardly come up for air. May, thankfully, has been a little more sane but I began to wonder — was April really busy for everyone?
I checked the number of sales for both single family homes & condos since the beginning of the year (in Avondale, Ortega and Riverside only) and found that April was, indeed, a very busy month with a much larger number of sales than the months before or after. You might think that it was because of the end of the first time homebuyer tax incentive but several of the sales were of luxury properties.
January – 13 single family homes sales - 1 condo sale
February — 21 single family sales – 1 condo
March — 16 single family sales - 1 condo sale
April — 25 sales - 2 condo sales
May – 15 sales — 3 condo sales ( through May 25th, 2010)
Interest rates have fallen to incredible lows (below 5% for a 30 years fixed rate loan), investors are back in the market (why not buy with very low prices and very low cost to borrow) and we have some great new listings coming up for the month of June. Stay tuned…let’s see what the numbers next month reveal.
Thanks for reading — if you’re hungry for information about the state of real estate in Avondale, Ortega and Riverside — this is the place to get it! Subscribe to my blog and my posts will arrive (magically) in your inbox!
Jacksonville, FL Alert! Dramatic Drop In Inventory of Homes Priced from $250K – $500K!
Great News! If you live in Jacksonville and have a home to sell that’s valued somewhere between $250K and $500K, you’re in luck.
Since this time last year (12 months of data), the number of closed sales in this price range has increased by 14.04% and the amount of inventory has DECREASED (that’s a good thing) by more than 50% (53.31% to be exact). We are down to only 13.15 months of inventory meaning that if every home on the market in this price were to sell and no other new listings were to come on the market, it would take approximately 13 months for all of the inventory to be absorbed.
Most people define a “balanced” market where there are an even number of buyers and sellers to be around six months of inventory. 13 months of inventory is approximately double that of a “balanced” market and would indicate a buyer’s market. That’s certainly still true but considering that inventory levels have been as high as a three or four year supply, only thirteen months supply actually seems small by comparison.
So…thinking of selling? Wondering just exactly what your chances are of finding a buyer in this crazy market? Call the experts! The Powell Steilberg team consistently tracks and measures the market so that you have a realistic picture of what’s going on. It’s essential information to have and we have it!
Thanks for reading! For the state of real estate in the Avondale, Ortega and Riverside neighborhoods, subscribe to our blog and you’ll be the first to know about what’s going on!
5 Great Reasons to Sell Your House – NOW!
TOP 5 REASONS TO SELL YOUR HOUSE NOW!
1. The market for houses priced at $500K and below is busy!
2. Interest Rates are at Historically Low Levels – This makes your home more affordable to buyers
3. The First Time Homebuyer Tax Credit will expire on April 30th, 2010
4. You May be Eligible for a $6,500 Tax Credit
5. Property Tax Portability May save you thousands of Dollars on the Property Taxes of your New Home
Did you know that just since January 1st, 2010 33 homes or condos have either sold or gone under contract in Avondale, Ortega and Riverside?
Did you know that with historically low interest rates that your home is more affordable than ever to potential purchasers?
Did you know that a person must have a fully executed contract to purchase a home before April 30th, 2010 in order to qualify for the $8,000 first time homebuyer tax credit but that they don’t have to close until June 30th, 2010?
Did you know that if you’ve been in your home for five years or more that you may qualify for a $6,500 tax credit yourself?
Did you know that if you’ve lived in your home as a principal residence (homestead) for 5 years or more you might have a lot of deferred value that you can carry or “port” with you to your next home? This will significantly reduce the property tax bill on your new home.
Did you know that over 85% of today’s buyers start their search on the internet and that professional photographs are the equivalent of internet curb appeal?
We specialize in the neighborhoods of Avondale, Ortega and Riverside and know the area street by street which is essential when making the decision on who you want to work with when selling your home. We live here AND work here so who better to share the good news to your potential buyers about what a great part of town this is!
Your realtor MUST have expertise in internet marketing which is a primary focus of our business plan. We have a comprehensive marketing package that includes: professional photography, direct mail, print, blogging, facebook, twitter, foursquare, video, extensive personal networking and more! Call us, we’d love to share what we know about what your home might be worth and what we can do to help you sell it!
Thanks for reading — please join me for my next blog about what’s happening in the Avondale, Ortega and Riverside real estate market.
Big Reduction on Darling Bungalow in Avondale
1374 Azalea Drive - Reduced to $149,900!
The MLS (Multiple Listing Service) that realtors use has a function called the daily Hot Sheet. I check this several times a day for new listings, price reductions, pending sales, etc… It’s one of the best ways to stay “up to the minute” with what’s going on in the real estate market of Avondale, Ortega and Riverside.
Today, I noticed a substantial price reduction on a darling 2/1 Bungalow in Avondale on Azalea Avenue. The house has 1342 SF and is a 2Br/1Ba. A real plus is the fact that it’s on a quiet street and has a 2 Car Garage and that’s it’s within walking distance of Boone Park. It was reduced yesterday from $179 to $$149 (a $25,000 drop)! The price is now only $111 per square foot – very fair.
Two bedroom, one bath homes are not as desirable as bungalows with 3 bedrooms and 2 baths but those are priced quite a bit higher. So…for a first time homebuyer who’s on a budget, this could be a great choice.
Please call me if you’d like to schedule an appointment to go see this cute bungalow. Time is running out for the first time homebuyer tax credit. You have until April 30th, 2010 to find your new home! Call me today.
Thanks for reading. If you like what you see, please subscribe so you get these blog posts sent directly to your inbox!
Pick(s) of the Week – Best Bungalow Buys!
3316 Knight Street
The first Tuesday of every month, realtors in Jacksonville’s neighborhoods of Avondale, Ortega and Riverside go look at LOTS of open houses — it’s called Neighborhood Caravan. I set out to pick a “favorite” from the caravan and write a blog about it, but after reviewing the list, I decided to write about two houses that have been on the market for a long time instead. Why? Because I think they are great deals!
The first house is at 3316 Knight Street. I suppose the reason it hasn’t sold is that it’s only got two bedrooms. But…it’s been nicely renovated with new roof, ac, appliances, kitchen, bathrooms and wood floors. It’s on a great low traffic street in Avondale, it’s got an open floorplan, two full bathrooms (which is a big plus in the Avondale bungalow market) and a very large backyard which would allow the addition of a third bedroom if one ever wanted to do that. It’s got 2br/2ba, 1568 SF and the lot is 60 x 120. Priced at $274,900, it’s at $175 per square foot. If you’re interested, please give me a call.
3914 Baltic Street
The second house is at 3914 Baltic Street in Ortega and I must say I’m surprised at why this house has not sold. I can’t say I’m a fan of the green interior paint colors the owner has selected but can this possibly be the reason people won’t buy it? It’s got a lot of space (1,900 sf), 3br’s and 2ba’s in the front part of the house and a large master suite with bath in the back part of the house. It’s got nice curb appeal and is in a great location. The lot is large at 100 x 125. Priced at only $278,900, it’s only $146 per square foot. Interested? Call me and we can go take a look.
Thanks for reading. Please join me for my next adventure in the Avondale, Ortega and Riverside real estate markets!
Open House Attendance Way Up! January 31, 2010
We finished our month with a bang at our open house on Sunday afternoon in the Avondale neighborhood of Jacksonville, FL. Our listing at 1837 Ingleside Avenue was open from 2-4 pm and was VERY well attended.
Lots of people are out there looking to buy. Some do have a house to sell but we had several people come who are renting and are ready to buy. Maybe that’s what will make this market “turn”. Perhaps there’s a group of people out there who’ve been sitting on the sidelines, counting their money and are now ready to pounce one of the many good deals out there.
We’ve also received an offer on our listing on Richmond Street (also in Avondale) and we’ve had tons of showings at our condo listings at the prestigious Villa Riva.
One thing’s for sure — activity is WAY up. Will the deals follow? Follow me and you’ll be the first to know.
Thanks for reading! Please join me for my next adventure in the neighborhoods of Avondale, Ortega and Riverside in Jacksonville, FL.
Two More “Upper End” Homes Go Under Contract
3029 Riverside Avenue
Our office (Prudential Network Realty in Jacksonville, FL) is crackling with activity — it seems as if after the long dull winter that people are waking up, brushing the dust off their shoulders and saying, Hey – maybe I better get out there and start looking for a house!
1520 Avondale Avenue
Two houses have gone under contract this week that are worth mentioning. The first is at 1520 Avondale Avenue. It was priced just over $500K. It’s a 3BR/3BA house with about 2,700 SF of living space, a 2 Car Garage and tiny little pool. The kitchen had been updated with granite and stainless appliances and there’s a lovely little bricked patio area out back. I called the listing agent of this house to see if the sellers will be staying in the neighborhood but sadly, they are not.
The other house to go under contract is a short sale located at 3029 Riverside Avenue. It’s asking price was $450K. Because it’s a short sale, this could take a while to close so it’s listed as Active Contingent. The house was purchased for over $600K back in 2006. It’s got nearly 4,000 SF of living space, 3BR and 4BA’s. There is no garage. It’s got a gorgeous new kitchen and beautiful hardwood floors. It was actually under contract to someone else first but the deal fell apart and the current buyers swooped in.
I’ll keep watching to see what these two houses close for and how I think these sales will impact values in the neighborhood.
We here at JaxRealEstateFacts.com want to help you snag a great deal. If you’re one of those people out there looking and looking and looking, please call us — we know the area inside and out and will sniff out the deals like a blood hound!
Thanks for reading — call us — we’re standing by ready to help! 904-252-5181
9 Homes SOLD In Less Than 30 Days!Jacksonville,FL
When you hear that the real estate market is slow — think again. This list of 9 homes have either been put under contract or sold within 30 days of being listed and have all occured within the last 90 days.
Note that all of the sales are under $350K. This is considered the “first time homebuyer” market and it’s been driving the real estate market since the first time homebuyer tax credit was introduced (and then expanded).
You will note that there are a mix of “normal” and “distressed” sales. The conditon of the homes range from totally unrenovated to completely renovated.
To see photos of the houses that sold in 30 days or less, click here.
Thanks for reading — if you’re looking for a great deal in the neighborhoods of Avondale, Ortega or Riverside, call Allison Steilberg or Caroline Powell today!
New Low for Riverfront in Ortega?
A riverfront house that was originally listed for nearly 1.9M at 4404 McGirts Blvd. has closed for $965K — that’s almost 50% less than the original asking price! Was the property ever worth 1.9M? Maybe not. There was, however, an offer of well over 1.4M that another realtor brought them early on in the listing period that was turned down – ouch!
There’s an existing house on the property that will eventually be torn down to make way for a new construction home. The lot had about 150′ of riverfront and beautiful views of both the marina across the way and of downtown.
I wrote a post yesterday about a non-waterfront lot on a prime street in Ortega that just closed for about $250K — between that low on Arapahoe Avenue and now this one for waterfront, my prediction is that this is the bottom. If you’re waiting for deals, you should choose quickly because at these prices, they will begin to disappear.
If you’re looking for something special, please let me know. Sometimes I know about things that aren’t yet listed and/or price reductions that are about to happen. Inside information can help you snag a great deal.
Thanks for reading. Please join me for my next post about what’s happening in Ortega, Avondale and Riverside!
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