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Archive for the 'Sellers' Category
Fantastic Two Story Red Brick Georgian Home comes on the market in Historic Avondale! Click here to see this lovely renovated home that’s located on perhaps one of the most desirable streets in the Heart of Avondale. Richmond Street is great for a lot of reasons. It’s a “true neighborhood” where children play, people walk their dogs and ride their bikes and the neighbors know each other. It’s also an incredible spot because you are only two blocks from the Shoppes of Avondale where you can walk up to get a cup of coffee, a bite to eat, buy a new dress, a gift for a friend or get a haircut at the brand new “old fashioned” barbershop that just opened. Or, if you’d rather stay in, then enjoy a beautiful riverfront view from nearly any room in the house. Gather some friends for dinner and everyone can hang out in the open “cook’s kitchen” or take the boat out for a sunset cruise and enjoy the sparkling lights of downtown Jacksonville as day becomes night. The possibilities are endless. Call us today for a showing of this lovely home in Jacksonville, FL!
Avondale and Ortega are two very popular intown neighborhoods for those considering a move to Jacksonville, FL. Both offer very close proximity to downtown Jacksonville and both offer a very nice quality of life.
This graph considers the first six months of 2011 sales in each neighborhood vs. the first six months of 2012. The data considers all price points, waterfront and non-watefront but is for single family home sales only – no condominium sales are included.
The inventory in Avondale is down 43% and it’s down 35% in Ortega. The number of days on market is down 8% in Avondale and 12% in Ortega. The number of homes sold is up 15% and a whopping 61% in Ortega. Interestingly, however, the average sales price is up a substantial 20% in Avondale and actually DOWN 1% in Ortega.
The months of supply is tightening in Avondale. It’s down to 7.7 months in June 2012 which is very close to a balanced market – an equal number of buyers and sellers. The months of supply in Ortega is still pretty high at 9.3 months of inventory. So it would appear that you probably still have a little more negotiating room in Ortega than you do in Avondale.
As you review the months of Inventory, keep in mind that these statistics include very expensive waterfront properties that aren’t selling very well. If you take properties above $1M out of the mix, the inventory numbers are much, much lower.
Caroline Powell and Allison Steilberg are neighborhood experts – if you’re considering buying or selling in Avondale or Ortega – call us at 904-252-5181 and you’ll get up to the minute advice about what’s happening in the market.
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Jacksonville’s intown neighborhood of Avondale is hot! We recently sold two of our bungalow listings in the neighborhood in the first week that they were listed. The first home we listed and sold was 1303 Edgewood Avenue South. It was just about 1,800 square feet with three bedrooms, 1.5 baths and a renovated kitchen. The roof was brand new and there was a small family room. The asking price was $250K and the home sold for $245K just last week.
Last week, we listed another great bungalow at 1332 Belvedere Avenue. This house is on a great street in Avondale and is just about 1,500 square feet. It’s got three bedrooms, two full baths (the second full bath in Avondale is hard to find), newer roof, all hardwood floors, loads of windows, one and a half garage, large laundry room and a huge wrap around porch. Listed last Monday, we had a fully executed contract by Saturday.
Both of these homes were beautifully updated but the price was also right. If you’ve got a home to sell and it’s below $300K, please call us right away – there are lots of buyers out there looking!
If you’ve got a turn key home that’s been renovated in Avondale and you price it right, you’re likely to have good luck in finding a buyer who’s ready to act. There are lots of buyers out there — just waiting pounce on something great when it pops up.
A great example of this is the house located at 3576 Pine Street in Avondale. It was listed last month by the Fred Miller Group for $399,000. It’s a 3 bedroom, 2 bath bungalow with a beautiful front porch, gorgeous brand new kitchen, renovated master bathroom, tall ceilings, screened porch in the back and has new landscaping — the perfect example of a “turn key” home.
The house came on the market, had two competing offers within weeks of being listed and is already under contract.
If you’re thinking of selling, there is a lot of pent up demand for houses in Avondale and lots of buyers out there looking for them. Please call us at 904-252-5181 for a market evaluation of your home if you’re considering selling – the time is now!
The Jacksonville Business Journal reported on March 12, 2012 that Bi-Lo is moving their headquarters to Jacksonville, FL. This will bring quite a few new people to town and guess what? They’re going to need houses.
Considering the fact that the offices aren’t too far from Avondale and Ortega, we will probably see quite a few new buyers looking for homes in our area.
So….if you’ve been thinking of putting your house on the market but just weren’t quite sure if you’re ready – NOW is the time! A word of caution – in today’s market, it’s critical that a house must be priced right in order to sell so please consult with us on where current market values are.
Caroline Powell and I are local area experts and were the top producers in the Avondale office last year. Please call us at 904-252-5181.
The $500 – $1M price point for non-waterfront homes has been hit hard over the last few years in the Avondale, Ortega and Riverside neighborhoods of Jacksonville, FL but it looks like we’re seeing something of a recovery.
in 2009, there were only 8 sales in this price range.
In 2010, there were also only 8.
In 2011, the number more than doubled to a whopping 18.
A quick look at homes that have either sold this year (or are under contract) reveals that we’ve already hit 8 — and it’s only March 24th!
I did a search to see how many homes are currently still available for sale in this price range and find that there are only 14 — one of them is a townhouse and several others have “issues”. Our inventory of “good” homes (nicely renovated with good floorplans) is in short supply and the demand is increasing.
Buyers are picky these days. They either want turn key, move-in condition homes or ”fixer uppers” at a steeply discounted prices. Take a look at our fantastic listing located at 4973 Arapahoe Avenue in Ortega. This turn key home was built in 2006, has a great floor plan, is very energy efficient & has a beautiful sparkling pool – just in time for summer!
Our inventory of renovated turn key homes in Avondale, Ortega and Riverside is low and there are lots of buyers out there, so if you’ve been thinking of selling, please give us a call.
Take a look at these before and after pictures of a home that we had listed in the Ortega neighborhood of Jacksonville, FL. As you can see the before picture is pretty bland.
And….. after. Add, sofa with contrasting pillows, a leather armchair, some pictures on the wall and accessories on the built in shelving. Don’t you love the green glass jar?
Now look at the before and after pictures of the deck just outside the family room.
And……after. Add furniture, some plants and pillows, an area rug and, voila, a space Martha Stewart would be proud to call her own!
You probably wouldn’t be surprised to learn that shortly after staging, we received an offer on this darling home. As real estate experts in Avondale, Ortega and Riverside, we often use resources like staging to help our homeowners get the most out of their property. Count on us for valuable tips like this to ensure you get top dollar for your home!
Readers…..We’d love for you to chime in and tell us what you think! Please leave us a comment!
Ever think about selling your house but not sure you’re quite ready? There’s lots of unfinished business to attend to – update the kitchen, spruce up the landscaping, switch out a few appliances, get dated wallpaper taken down….the list could go on and on. You’re stuck in the analysis/paralysis stage of wondering what your house is worth, feeling daunted by all the things you should do….
What if we told you we’ve got someone looking for a house just like yours! And…….you don’t have to endure keeping it picked up every day, costly updates AND you get to remain in control — and show your house only when you want to?
What if we can bring a qualified buyer directly to your door and voila – you’re ready to move on – no scurrying around and no stress. Sounds pretty good – right?
Let us add you to our little black book of real estate for Avondale and Ortega and we’ll be on the lookout. No pressure, no stress — just quietly let us know you’re out there.
Buyers…..we want you too — casually looking for something but not ready to go “all out” in your search? If just the right house came on the market, you’d certainly be interested but not quite ready to start the search? Tell us what your dream house is and we’ll get to work trying to find it! We know a LOT of people in the neighborhood and are often privy to things that aren’t public just yet.
So….take advantage of our insider’s edge – for buyers AND sellers – send us an email (or text us) and join our Litttle Black Book of Real Estate for Avondale, Ortega and Riverside. PRIVACY GUARANTEED — one of the cornerstone’s of our business is confidentiality. We’ll schedule a private consultation where we’ll take down the details about your home (or what you hope to find), talk about what we think a fair market value might be (or what we think you might have to pay) and when we have someone in the market looking for a house like yours (or someone thinking of selling) – we’ll make the connection!
We had a wonderful closing today on our listing at 1463 Ingleside Avenue in the lovely Avondale neighborhood of Jacksonville. It was one of those rare closings where both the buyers and sellers were at the closing table and both were very happy about the transaction. In our fast paced world, we often have MAIL AWAY closings (where neither buyer nor seller actually attends the closing) or closings where either the buyer or seller signs “in advance” and the closing only has one party in attendance.
The house was listed at $310,000 (and SOLD for $310,000) and is a lovely two story residence within walking distance to the shoppes of Avondale that has 3 bedrooms, 2.5 baths, renovated kitchen, family room, large master bath, a guest house AND a 1.5 car garage — Wow! The buyers recognized the value and offered full price.
Thank you to our sellers and congratulations to the buyers — we look forward to having you in the neighborhood!
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!
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- Fairfax Manor Two Story Home Hits the Market!
- Stunning Riverfront home in Historic Avondale Comes on the Market!
- Avondale vs. Ortega – Which Neighborhood offers a Better Buy right now?