NEW LISTING! Riverfront Dream in Jacksonville, FL!

If you’ve been dreaming of a home with fantastic architecture and wide river views for under 1 Million — you’ve just gotten lucky! Located at 2111 River Blvd. in the Riverside neighborhood of Jacksonville, FL, this home is within walking distance to Memorial Park and the many great shops and restaurants of Five Points. The main house is nearly 3,000 SF and has 5 Bedrooms/3Baths and loads of storage. It’s an entertainer’s dream with large front and back decks that offer unparalleled views of the St. John’s River are unparalleled.

The home is zoned CRO which means that you can convert the home into a duplex or…….even tear it down and build multi-family units on the property. The home is located on a double lot that runs street to street – from River Blvd. through to St. John’s Avenue.

You can keep the main house and subdivide the back lot if desired. There are so many possibilities! Click on the link for a full detail of the property and lots of pictures and call Allison Steilberg at 904-252-5181 for a private showing.

 

 

 

Don’t Miss Your Window of Opportunity in Avondale or Ortega!

This is YOUR window of Opportunity
This is YOUR window of Opportunity

If you’ve been waiting and waiting and waiting for just the right house, just the right price or just the right interest rate, you’d better stop waiting!  23 percent (17 homes) of the 74 properties that have gone under contract in the Avondale, Ortega and Riverside neighborhoods in first quarter of 2012, sold within 30 days of being listed.

If you increase the days on market to  60, the number jumps from 17 to 29 homes sold and accounts for a shocking 40% of the sales! That’s a pretty high percentage!

As a buyer, you’ve had nothing but time on your hands. LOTS of houses to sniff around at, PLENTY of time to decide if you’re REALLY ready to buy and LOADS of time to drive your real estate agent crazy as you look at house after house after house!

I’m here to tell you (you heard it here first) that the time is NOW. Interest rates WILL NOT remain this low forever. INVENTORY is low in certain neighborhoods like Avondale. The good (renovated or dirt cheap) houses are going UNDER CONTRACT quickly. So, if you’re one of those buyers who’s been circling and circling and circling – it’s time to get off of the merry go round and put your money on the table.

Click here to see a list of homes that have recently been listed and give us a call at 904-252-5181 if you see something you like! But you better hurry — they might sell quickly!

Caroline and I specialize in Avondale, Ortega and Riverside and can guide you to getting a great deal in the neighborhood.

Cash is King If You’re Buying a Condo in Avondale

Cash is King with Condo Purchases
Cash is King with Condo Purchases

I did a quick study and found that 39 condos were sold over the last year in Avondale, Ortega and Riverside and when I dug a little deeper to see how they were financed, I was shocked to see that 9 out of the 10 units sold in Avondale were cash transactions.

There were four sales in Ortega and 50% of those were cash.

The bulk of the sales (25 of them) were in Riverside but Riverside also has the most condo buildings/inventory in the area. 11 of the 25 units were paid for with cash.

So out of the 39 total sales, 22 of them were paid for with cash. That represents nearly 56% – well over half.

Why the large number of cash transactions?

There are strict regulations for financing a condo. Most lenders require a 20% down payment on a condo and others have requirements about how many units are owner/occupied and how many are rentals. If there are a high number of rental units, then it can be hard to get financing.

Additionally, some of the units are very inexpensive – the lowest priced sale was for only $50K at the Avenues building in Riverside. In other cases, a “family” home has been sold which frees the seller to both downsize and pay cash.

When there are multiple offers on a condo, cash buyers often have an advantage over buyers seeking financing. This is because a lender may or may not approve the loan for a condo and since a cash offer is not contingent on the ability of the buyer to get financing, the seller could be more inclined to take the cash offer (even if it’s a little lower than the non-cash offer).

So if you want a condo in the Avondale, Ortega or Riverside areas, you might consider raiding your piggy bank and paying cash – particularly if you’re competing with another buyer.

To see a list of all available condos in the Avondale, Ortega or Riverside neighborhoods, click here. If you see something you like, please call us at 904-252-5181 and we’ll be happy to show it to you!

Another $700K + house goes under contract in Ortega

Increasing sales in the $500K - $1M price Range in Avondale, Ortega and Riverside
Increasing sales in the $500K - $1M price Range in Avondale, Ortega and Riverside

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.

4973 Arapahoe Avenue, Ortega

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.

Powell Steilberg Team Sells 9 Homes since January 2011 in Avondale and Ortega

sold_sign_house

allison and caro

The real estate team of Caroline Powell and Allison Steilberg The sold properties are: single family homes at 4620 Algonquin Avenue and 4652 Ortega Blvd and a condo at 1661 Riverside Avenue in Riverside. The pending sales are: 3022 St. John’s Avenue — this will close next week, 1465 Edgewood Circle, 1769 Glendale Street, 1463 Ingleside Avenue and 3527 Riverside Avenue. We have one condo that’s a pending sale at Beau Rivage – a very nice building on St. John’s Avenue.

Other members of the Avondale office are similarly busy so it begs the question, are we in a real estate recovery? If you’re thinking of selling, there are LOTS of buyers out there looking for homes. Interest rates are still at historic lows and there’s a lot of pent up demand for housing.

A word of caution, if you want to sell, it’s imperative that you PRICE YOUR PROPERTY CORRECTLY and do everything you can to put the house in prime showing condition. Clear out all th clutter, invest in some fresh paint, do a clean out of the yard, closets and garage — today’s buyers are picky. They will buy a property at a fair price only if it looks great with updated kitchen and baths or if it’s a “distressed” property and is a BARGAIN BASEMENT STEAL!

Thanks for reading — check back often for the latest news about real estate in Avondale, Ortega and Riverside from the market leaders in the area — remember, “With Us, It’s All About You”!

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!

OPEN HOUSES TODAY! Riverside Condos & Ortega Forest in Jacksonville, FL

open_house_starTwo amazing condos are open today in the Historic Park Lane building in Riverside! A riverfront building located at 1846 Margaret Street in Riverside, the Park Lane offers amazing views of both the river and the city of Riverside. This “flow through” view is extrememely unique and not offered by any other condo buildings in the area.

evening view of kitchenThe units are each 2BR/1.5Ba with about 1,300 sf. Priced at $215K and $250K respectively, one offers a beautifully renovated kitchen and downtown view and the other a charmed updated kitchen with butler’s pantry and coffee bar. To see the photos of these condos, click here.

Riverside is a vibrant walking neighborhood with access to one of the city’s most beautiful parks (Memorial Park) as well as lots of local eateries, coffee shops and boutiques. Come see us today, Sunday, February 21st from 2-4pm.

ANOTHER GREAT OPEN HOUSE EVENT!

If you’ve been thinking of buying a new home (or seeing how yours compares to your neighbor’s house down the street) come to the neighborhood open house in Ortega Forest on Sunday afternoon, February 21, 2010 from 1-4 pm. There will be something for everyone from the first time homebuyer starter house to a gracious riverfront mansion. To see all houses for sale (not all are open today) in Ortega Forest, click here.

Thanks for reading! Hope to see you at my open house at the Park Lane Condos today from 2-4!

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What’s on YOUR Wish List? A Riverside Condo, An Avondale Bungalow or a Riverfront Mansion?

wish-list
What’s on Your Wish List?

Everyone has a wish list — I want to know what’s on yours! Since I’m “on the street” looking at houses all day long every day, you can count on me to be the first one to notice a good opportunity when it comes along. Want a great deal on a Riverside condo? How about a renovated bungalow in Avondale? Or Maybe you’re looking for a deal on the River in Ortega. In today’s market, there’s something for everyone.

You probably have a specific list of the things you’d love to have. 4 bedrooms? Renovated kitchen? Wine cooler? two car garage? Send me your list and let me do the work.

Least Expensive Riverside Waterfront Condo
Least Expensive Riverside Waterfront Condo

If it’s in Avondale, Ortega or Riverside, you can bet that I know about it. Sure, there’s lots of information on the web and you can do some searching of your own — but you’re busy. You’ve got your own life to live. Work, kids, volunteering — whatever it is that you do, I’m sure you’re busy doing it.

 I “do” REAL ESTATE — all day long, EVERY DAY. It’s my job and I love what I do. So…take a moment, jot down a few of the things on your wish list and give me a call. I’d love to make your dream come true!

Thanks for reading. If you like what you see, register to get these posts sent directly to your inbox. Or…find me on the web at Jacksonville.com.

Baby it’s Cold Outside – In Jacksonville, FL!

I was showing a few of our listings at Villa Riva (a luxury condo building in the neighborhood of Riverside in Jacksonville) today and snapped this picture of their icy fountain — note the contrast of the icy fountain with palm trees in the background. As the song says, baby it’s COLD outside!

Frozen Fountain at Villa Riva
Frozen Fountain at Villa Riva

WANTED! Bungalows in Avondale, Ortega or Riverside!

Bungalow_buttonWith the economic stimulus offered by the government set to expire at the end of April and interest rates that remain under 6%, bungalows under $250K are in more demand than ever!

My partner Caroline and I know that there are lots of people out there looking for these houses and would love to help you sell yours.

If you’ve beening thinking of selling but wonder what’s going on in the market, please give us a call — we’d love to talk.