JUST LISTED (and Under Contract)! 1734 Challen Avenue, Jacksonville, FL 32205

1734 Challen Avenue, Jacksonville, FL - Historic Avondale
1734 Challen Avenue, Jacksonville, FL – Historic Avondale
1734 Challen Avenue, Jacksonville, FL – Historic Avondale

It’s not often that I get the chance to list a great home like 1734 Challen Avenue and….the buyers thought so too — because they put it under contract in only 11 days! Loaded with natural light, this 1921 home has 2,326 square feet, a beautiful barrel tile roof, tall ceilings, gleaming hardwood floors and an IDEAL location within walking distance to shops and restaurants of Historic Avondale. Click here to see lots of great pictures for this beautiful home. Listed for $485,000, MLS # 785677.

If you’re considering selling, there were lots of buyers interested in this home who didn’t act quickly enough! Call me for a FREE market analysis of your home at 904-252-5181.

One of a Kind Mediterranean Riverfront Estate Home Becomes Available

3644 Richmond Street, Historic Avondale, Jacksonville, FL
3644 Richmond Street, Historic Avondale, Jacksonville, FL
Formal Living Room with Custom Cypress Ceilings - A Very Special Detail
Formal Living Room with Custom Cypress Ceilings - A Very Special Detail
Riverfront Swimming Pool with a Downtown Skyline View
Riverfront Swimming Pool with a Downtown Skyline View

It’s rare when you find both a piece of history and a totally turn key renovated home. 3644 Richmond Street in Historic Avondale offers just that. Start with an estate sized lot with over 150 feet of riverfront, add a totally renovated 1926 Marsh and Saxelbye home with shimmering riverfront pool and separate guest house, and you’ve got a one of a kind property located within minutes of downtown Jacksonville.

Purchased in the summer of 2009, the owners lived in the house for a year to get a feel for what they wanted to do. Then, they moved out and a total renovation began. C.F. Knight, Inc. a custom home builder and remodeler was chosen for the job and the work took nearly a year to complete. The property was renovated from stem to stern and included a new redesigned custom kitchen, all new windows, all new baths, new dock, boat house, boat lift and more! Take a peek at the video for 3644 Richmond Street, Jacksonville, FL 32205 and enjoy!

Avondale vs. Ortega – Which Neighborhood offers a Better Buy right now?

Sales Statistics for Avondale vs Ortega - 1st 6 Months of 2011 vs 1st 6 Months of 2012
Sales Statistics for Avondale vs Ortega - 1st 6 Months of 2011 vs 1st 6 Months of 2012

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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Bi-Lo is coming! Sell your House in Avondale or Ortega to their employees!

Bi - Lo is moving their headquarters to Jacksonville, FL
Bi - Lo is moving their headquarters to Jacksonville, FL

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.

Two Great Sales in Ortega Neighborhood of Jacksonville!

The predictions of the real estate market fluctuate wildly from doom and gloom to cautious optimism. I can testify to the fact that we’ve been extremely busy lately and have just had two great sales in the Ortega neighborhood of Jacksonville. We had a buyer for 4652 Ortega Blvd. which was a very lovely home with tall ceilings, lots of natural light and a prime location. 4620 Algonquin Avenue was our listing and sold to a family relocating here from Atlanta, GA. This home is a jewel of the neighborhood on a nice quiet street, nearly 5,000 SF and large yard. We are proud to have been a part of these two important transactions in Ortega!

4620 Algonquin Avenue
4620 Algonquin Avenue
4652 Ortega Blvd.
4652 Ortega Blvd.

If you’re interested in buying or selling real estate in Jacksonville, call the local area experts, Allison Steilberg at 904-252-5181 or and Caroline Powell at 904-463-1898. We’ll give you the local area expertise that you’ve been looking for!

Sheer Elegance – Ortega Blvd. Masterpiece becomes available

night shot exterior front

It’s rare that one of the crown jewels of Ortega Blvd. becomes available and we are proud to be the listing agents for one of the best homes on “the Blvd” (as it’s called by the locals).

Just listed at 3915 Ortega Blvd, this 4BR/3.5BA home is the epitome of classic elegance. Among it’s wonderful features are a grand entrance foyer, tall ceilings, formal living room with carved stone mantle, cozy library, slate patio, riverfront dining room, an incredible “river room” with walls of windows and fireplace, large kitchen, renovated master bathroom and professionally landscaped gardens. It’s situated on a high bluff with incredible vistas of the St. John’s river.

Final_Sun_Room

There aren’t many opportunities like this and we look forward to introducing this property to qualified buyers. If you’re considering a move to Jacksonville or looking to “trade up”, we’re standing by to be of assistance. Thanks for reading and we look forward to hearing from you.

Luxury Home Available at a Great Price!

kitchen toward carport

Great News! We just listed a fantastic house on Elizabeth Place in Avondale that will knock your socks off. It’s a 3BR/2.5BA that’s been magnificently renovated including an incredible new kitchen and master bathroom. It’s got soaring ceilings in the great room, fireplace, walls of built in bookshelves, Pella windows, wonderful storage, professionally landscaped courtyard garden and more!

waterfront park at end of the street

 In additon, the house is located on a dead end street (no through traffic) and there’s a waterfront park at the end of the street — enjoy the river without paying riverfront prices! Priced at only $550K with absolutely nothing to do — a true turn key home, this one is likely to go fast. Please call me at 252-5181 or Caroline at 463-1898 for an appointment to see this very special home.

Two $500K+ Homes Sell in Avondale!

3585 Richmond Street1913 GreenwoodAfter 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.

2nd exterior front
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!

lottery ticketAs 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!

good_news_picGreat 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!