3873 Oak Street – UNDER CONTRACT in 19 Days!

DSC_0046
Fantastic Bar – modeled after one in San Francisco!
Listed and SOLD in Less Than 30 Days!
3873 Oak Street, Historic Avondale — UNDER CONTRACT in 19 Days!

I listed this adorable 3 bedroom/1 bath brick bungalow (1,423 SF) in the Historic District of Avondale for $269,900 on May 1st, 2015 and we had a fully accepted contract just 19 days later! The home was beautifully updated with a fantastic set of built in bookshelves and a built in bar that was so sophisticated! Walking distance to the shoppes, Boone Park and with a large back yard, this house went quickly! Sold for $260,000. Click here to see more pictures! Thinking of selling? Call me for a FREE market analysis of your home at 904-252-5181.

Looking for a House Under $300K in Avondale or Ortega? Get Pre-Approved!

Bidding Wars Are Back!
Bidding Wars Are Back!

Bidding Wars are Back! In Avondale and Ortega, homes priced between $200 and $400 are selling fast! We recently sold 1303 Edgewood Avenue South in only 3 days. The asking price was $250K, we had three offers and it closed this week for $245K.

1303 Edgewood Circle South
JUST SOLD -- 1303 Edgewood Circle South

Buyers in this market segment need to get pre-approved because we’re seeing multiple offers and if you don’t have a pre-approval letter, your offer isn’t likely to be the one selected by the seller.

We are Avondale and Ortega specialists. Please call us at 904-252-5181 for a confidential evaluation of what your home is worth.

SOLD – For Full Price in Avondale!

1463 Ingleside Avenue, Jacksonville, FL
1463 Ingleside Avenue, Jacksonville, FL

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!

$180 Per Square Foot – Is This The Bottom in Avondale?

Two of the most recent sales in Avondale sold for approximately $180 per square foot (sales price divided by the number of air conditioned square feet). Both homes were nicely updated (not top of the line with all of the bells and whistles) but better than your average bear.

1819 Elizabeth PlaceOne of the houses was a short sale on Elizabeth Place and the other was a non-distressed house on Edgewood Avenue.1487 Edgewood Avenue

If you’re thinking of selling, this might be a number to keep in mind — many of the properties listed today are well over $200 per square foot but they aren’t moving.

Take your square footage and multiply it by $180 a square foot — is it a number that makes your blood run cold? For many sellers, the answer would be yes — especially if they bought in 2005, 2006 or 2007.

If you’re thinking of selling, give us a call — there’s more to the picture than just price per square foot!

Average Sale Price of Ortega Waterfront Up 12% from 2008!

4561 Ortega Blvd
4561 Ortega Blvd.

I ran a quick statistical analysis this m0rning to see how waterfront sales in Ortega this year compared to the sales from 2008.The figures below represent a year to date look and do not include sales from 12/3 – 12/31/09.

In 2008, there were 10 waterfront sales for a total volume of $15,188,073 making the average sale $1,518,807. This number included a little house on Country Club Road that backed up to a “duck pond” — which can’t really be considered waterfront.

In 2009, there have only been 6 waterfront sales with a total volume of $10,290,000 making the average sale $1,715,000 — that’s an increase of 12% over 2008. Does that mean that the price of your home is worth 12% more now that it was in 2008?  Unfortunately, no.

 It is true that the average sale price is up 12%, but this figure is misleading. We all know that the price of waterfront property has dropped by hundreds of thousands of dollars  and sometimes by as much as million! So, while this is a legitimate and factual statistic, it just goes to show that not all data points to the real truth of the matter. You must have an experience realtor who knows the local market to interpret the statistics for you and give you the real truth about the value of your waterfront house in Jacksonville.

To see the list of waterfront homes that sold in 2008, click here.

To see the list of Ortega waterfront homes that have sold in 2009, click here.

Thanks for reading! Please join me for my next discussion of real estate in the Ortega, Avondale and Riverside neighborhoods.