Market Insight - April 2019
NORTHEAST FLORIDA HOUSING MARKET
All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing.
cators Monthly Indicators
ORTHEAST FLORIDA A RESEARCH ASSOCIATION TOOL PROVIDED OF REALTORS BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
edit: NEFARRequired is happy to Reprint share /our Use market and Source statistical Credit: reportNEFAR data; prior is happy permission to share is our not market required. statistical Source report creditdata; is required, prior permission is not required. Source credit is required, NEFAR members) however, whether for all theuses use (including is written, use digital, by NEFAR broadcast, members) spoken, whether social media the useorisother. written, Usedigital, of NEFAR broadcast, data must spoken, be social media or other. Use of NEFAR data must be – Source: Northeast accompanied Florida by Association the followingofattribution Realtors . – Source: Northeast Florida Association of Realtors .
vity of single-family All data residential, represents Realtor-brokered condo and townhome activity sales of single-family combined. As residential, all Nassaucondo and St. and Johns townhome Countysales Realtors combined. are notAs all Nassau and St. Johns County Realtors are not le Listing Service members – a wholly of the owned Northeast subsidiary Florida Multiple of the Northeast Listing Service Florida–Association a wholly owned of Realtors subsidiary – reports of thedo Northeast not represent Florida the Association full of Realtors – reports do not represent the full extent of Realtor sales in those counties.
April 2019
Quick Facts
Quick Facts
arter of 2019 For provided much ofseveral the country, disruptive the first weather quarter of 2019 provided several disruptive weather traffic toward patterns potential that home contributed sales. to Coupled less foot traffic toward potential home sales. Coupled nd an inventory with low situation affordability, in its infancy higherofprices and an inventory situation Changeininits infancy of Change in mention several recovering morefrom daysrecord of wintry lows weather – not to in mention several more days of wintry weather Closed Sales Median SalesinPrice most residential April –real slower estate sales markets. persisted However, across most residential real estate markets. However, ce this spring. buyers For well-priced are beginning homes to return in desirable in force this spring. For well-priced homes in desirable locations, competition is fierce. Market Overview
+ 6.5%
+ 2.3%
+ 3.1% + 6.5% Change inChange in Inventory Closed Sales
+ 2.3%
+ 3.1%
Change in Median Sales Price
Change in Inventory
Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.
2
New Listings 3
3
Pending Sales 4
4
Closed Sales e Median Sales Price increased 2.3 percent Prices continued to gain traction.to The Median Sales Price increased 2.3 percent to Days OnSellers Marketwere Untilencouraged Sale 1 percent to $225,000. 67 days.Days Sellers onwere Market encouraged was up 3.1 percent to 67 days. down 2.7 percent to 3.6 months. as Months Supply of Inventory was down 2.7 percent to 3.6Sales months. Median Price
Closed Sales 5
5
Days On Market 6 Until Sale
6
Median Sales 7 Price
7
Average Sales Price pped to 3.6The percent during April 2019, the national unemployment ratelowest dropped to 3.6 percent during April 2019, the lowest Percent of Original List Price Received nemployment rate can1969. provide reassurance tounemployment rate level since A historically low can provide reassurance to es to increase onconsumers. a grand scale, wary But buyers in orderwill forneed sales to increase Percent on a grand scale, buyers will need of Properties Sold Over List Price need to reduce to land where buyerswill areneed to reduce prices to land where buyers are moreprices spending power, or sellers Housing Affordability Index y to occur inmost 2019, yet inventory is straining to to occur in 2019, yet inventory is straining to active. Neither situation is likely rice ranges.keep pace in the most competitive price ranges. Inventory of Homes for Sale
Average Sales 8 Price
8
Percent of9Original List Price Received
9
New Listings region increased New Listings 2.8 percent in the to Northeast 3,948. Pending Florida region increased 2.8 percent to 3,948. Pending nventory levels to 9,313 units.Inventory levelsPending Salesrose were3.1 uppercent 5.8 percent to 3,171. rose 3.1Sales percent to 9,313 units.
Percent of 10Properties Sold Over List Price
10
Housing Affordability 11 Index
11
Inventory12 of Homes for Sale
12
Months Supply of Inventory
Months Supply 13 of Inventory
13
Housing Supply Overview Report
Housing Supply 14 Overview Report
14
Area breakouts of 33 submarkets begin after pageArea 21. breakouts of 33 submarkets begin after page 21.
Current as of May 16, 2019. All data from Northeast Florida Multiple Current Listing Service. as of May Report 16, 2019. © 2019 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1
Market Overview Key market metrics for the current month and year-to-date.
Key Metrics
Historical Sparklines
New Listings 4-2016
4-2017
4-2018
4-2016
4-2017
4-2018
4-2019
4-2016
4-2017
4-2018
4-2019
Closed Sales Days on Market Until Sale 4-2017
4-2018
4-2016
4-2017
4-2018
4-2019
4-2016
4-2017
4-2018
4-2019
Average Sales Price
Percent of Properties Sold Over List Price
4-2016
4-2017
4-2018
YTD 2018 YTD 2019
+/-
3,839
3,948
+ 2.8%
13,906
14,541
+ 4.6%
2,996
3,171
+ 5.8%
10,327
10,916
+ 5.7%
2,713
2,889
+ 6.5%
8,919
9,238
+ 3.6%
65
67
+ 3.1%
70
71
+ 1.4%
$220,000
$225,000
+ 2.3%
$216,000
$220,010
+ 1.9%
$268,805
$276,712
+ 2.9%
$261,054
$263,108
+ 0.8%
95.8%
95.5%
- 0.3%
95.6%
95.2%
- 0.4%
15.5%
14.3%
- 7.7%
14.1%
13.8%
- 2.1%
139
140
+ 0.7%
141
143
+ 1.4%
9,029
9,313
+ 3.1%
--
--
--
3.7
3.6
- 2.7%
--
--
--
4-2019
4-2016
4-2017
4-2018
4-2019
4-2016
4-2017
4-2018
4-2019
Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale
+/-
4-2019
Median Sales Price
Percent of Original List Price Received
4-2019
4-2019
Pending Sales
4-2016
4-2018
4-2016
4-2017
4-2018
4-2019
4-2016
4-2017
4-2018
4-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 2
New Listings A count of the properties that have been newly listed on the market in a given month.
April
Year To Date 3,948
3,839 3,386
2017
+13.4%
+2.8%
2018
2019
13,906
13,092
2017
14,541
+6.2%
+4.6%
2018
2019
Month
Prior Year
Current Year
May 2018
3,492
3,815
+9.2%
June 2018
3,434
3,899
+13.5%
+/–
July 2018
3,240
3,832
+18.3%
August 2018
3,658
3,764
+2.9%
September 2018
2,287
3,180
+39.0%
October 2018
3,007
3,432
+14.1%
November 2018
2,597
2,924
+12.6%
December 2018
2,099
2,057
-2.0%
January 2019
2,964
3,289
+11.0%
February 2019
3,225
3,371
+4.5%
March 2019
3,878
3,933
+1.4%
April 2019
3,839
3,948
+2.8%
12-Month Avg
3,143
3,454
+9.9%
Historical New Listing Activity 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 3
Pending Sales A count of the properties on which contracts have been written in a given month.
April
Year To Date 3,171
2,996
2,738
2017
10,327
9,991
+9.4%
+5.8%
2018
2019
2017
10,916
+3.4%
+5.7%
2018
2019
Month
Prior Year
Current Year
+/–
May 2018
2,737
2,963
+8.3%
June 2018
2,764
2,678
-3.1%
July 2018
2,685
2,818
+5.0%
August 2018
2,580
2,681
+3.9%
September 2018
1,911
2,348
+22.9%
October 2018
2,347
2,495
+6.3%
November 2018
2,177
2,138
-1.8%
December 2018
1,956
1,874
-4.2%
January 2019
2,069
2,227
+7.6%
February 2019
2,346
2,499
+6.5%
March 2019
2,916
3,019
+3.5%
April 2019
2,996
3,171
+5.8%
12-Month Avg
2,457
2,576
+4.8%
Historical Pending Sales Activity 3,500 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 4
Closed Sales A count of actual sales that have closed within a given month.
April
Year To Date
2,713
2,509
2017
+8.1%
+6.5%
2018
2019
8,919
8,735
2,889
2017
9,238
+2.1%
+3.6%
2018
2019
Month
Prior Year
Current Year
+/–
May 2018
2,949
2,965
+0.5%
June 2018
3,027
3,092
+2.1%
July 2018
2,644
2,778
+5.1%
August 2018
2,832
2,894
+2.2%
September 2018
2,013
2,324
+15.4%
October 2018
2,329
2,534
+8.8%
November 2018
2,239
2,387
+6.6%
December 2018
2,633
2,350
-10.7%
January 2019
1,638
1,709
+4.3%
February 2019
1,935
2,086
+7.8%
March 2019
2,633
2,554
-3.0%
April 2019
2,713
2,889
+6.5%
12-Month Avg
2,465
2,547
+3.8%
Historical Closed Sales Activity 3,500
3,000
2,500
2,000
1,500
1,000
500 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 5
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
April
Year To Date 75
2017
80
67
65
-13.3%
+3.1%
2018
2019
71
70
2017
Prior Year
Current Year
+/–
May 2018
73
60
-17.8%
June 2018
66
58
-12.1%
July 2018
67
60
-10.4%
August 2018
65
60
-7.7%
September 2018
66
65
-1.5%
October 2018
64
59
-7.8%
November 2018
65
61
-6.2%
December 2018
71
69
-2.8%
Month
-12.5%
+1.4%
2018
2019
January 2019
69
70
+1.4%
February 2019
73
76
+4.1%
March 2019
72
71
-1.4%
April 2019
65
67
+3.1%
12-Month Avg
68
64
-5.7%
Historical Days on Market Until Sale 130 120 110 100 90 80 70 60 50 40 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 6
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
April
Year To Date
$225,000
$220,000
$216,000
$199,694
$220,010
$191,000
2017
+10.2%
+2.3%
2018
2019
Prior Year
Month
2017
+13.1%
+1.9%
2018
2019
Current Year
+/–
May 2018
$212,000
$225,000
+6.1%
June 2018
$211,214
$235,000
+11.3%
July 2018
$215,000
$230,000
+7.0%
August 2018
$205,000
$220,000
+7.3%
September 2018
$208,850
$216,175
+3.5%
October 2018
$204,825
$212,000
+3.5%
November 2018
$208,000
$220,000
+5.8%
December 2018
$211,960
$226,000
+6.6%
January 2019
$203,990
$207,000
+1.5%
February 2019
$217,950
$223,500
+2.5%
March 2019
$225,000
$229,900
+2.2%
April 2019
$220,000
$225,000
+2.3%
12-Month Med
$211,000
$223,607
+6.0%
Historical Median Sales Price $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 7
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
April
Year To Date $268,805
$276,712
$261,054
$244,796
$263,108
$235,116
2017
+ 9.8%
+ 2.9%
2018
2019
Prior Year
Month
+ 11.0%
+ 0.8%
2018
2019
2017
Current Year
+/–
May 2018
$252,430
$272,219
+7.8%
June 2018
$255,383
$280,880
+10.0%
July 2018
$254,211
$274,413
+7.9%
August 2018
$247,080
$264,478
+7.0%
September 2018
$248,831
$256,378
+3.0%
October 2018
$251,264
$263,719
+5.0%
November 2018
$250,357
$261,275
+4.4%
December 2018
$258,636
$267,376
+3.4%
January 2019
$243,531
$242,056
-0.6%
February 2019
$256,654
$255,515
-0.4%
March 2019
$267,205
$267,999
+0.3%
April 2019
$268,805
$276,712
+2.9%
12-Month Avg
$255,039
$266,670
+4.6%
Historical Average Sales Price $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 8
Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
April
Year To Date
95.6%
2017
95.8%
95.5%
+0.2%
-0.3%
2018
2019
95.6%
95.1%
2017
95.2%
+0.5%
-0.4%
2018
2019
Month
Prior Year
Current Year
+/–
May 2018
95.6%
96.3%
+0.7%
June 2018
95.9%
96.3%
+0.4%
July 2018
95.6%
96.1%
+0.5%
August 2018
95.6%
95.6%
0.0%
September 2018
95.7%
95.5%
-0.2%
October 2018
95.5%
95.3%
-0.2%
November 2018
95.4%
95.1%
-0.3%
December 2018
95.2%
94.7%
-0.5%
January 2019
95.4%
94.5%
-0.9%
February 2019
95.1%
95.1%
0.0%
March 2019
96.0%
95.5%
-0.5%
April 2019
95.8%
95.5%
-0.3%
12-Month Avg
95.6%
95.5%
-0.1%
Historical Percent of Original List Price Received 100% 98% 96% 94% 92% 90% 88% 86% 84% 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 9
Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price.
April
Year To Date
16.5%
2017
14.2%
15.5%
14.1%
14.3%
-6.1%
-7.7%
2018
2019
2017
13.8%
-0.7%
-2.1%
2018
2019
Month
Prior Year
Current Year
+/–
May 2018
14.8%
16.2%
+9.5%
June 2018
14.8%
14.5%
-2.0%
July 2018
14.7%
14.4%
-2.0%
August 2018
13.5%
13.3%
-1.5%
September 2018
13.7%
13.4%
-2.2%
October 2018
13.0%
12.6%
-3.1%
November 2018
13.8%
13.4%
-2.9%
December 2018
11.8%
12.7%
+7.6%
January 2019
13.0%
11.8%
-9.2%
February 2019
11.3%
12.9%
+14.2%
March 2019
15.4%
15.5%
+0.6%
April 2019
15.5%
14.3%
-7.7%
12-Month Avg
13.9%
13.9%
-0.1%
Historical Percent of Properties Sold Over List Price 22% 20% 18% 16% 14% 12% 10% 8% 6% 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 10
Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
April
Year To Date 169
161
2017
-13.7%
+0.7%
2018
2019
143
141
140
139
2017
Prior Year
Current Year
+/–
May 2018
154
136
-11.7%
June 2018
154
129
-16.2%
July 2018
152
131
-13.8%
August 2018
159
137
-13.8%
September 2018
157
139
-11.5%
October 2018
159
139
-12.6%
November 2018
156
136
-12.8%
December 2018
153
136
-11.1%
Month
-16.6%
+1.4%
2018
2019
January 2019
156
149
-4.5%
February 2019
144
138
-4.2%
March 2019
138
137
-0.7%
April 2019
139
140
+0.7%
12-Month Avg
152
137
-9.4%
Historical Housing Affordability Index 300
250
200
150
100 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 11
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.
April 9,207
9,313
9,029
2017
-1.9%
+3.1%
2018
2019
Month
Prior Year
Current Year
May 2018
9,308
9,199
-1.2%
June 2018
9,310
9,659
+3.7%
+/–
July 2018
9,165
9,871
+7.7%
August 2018
9,390
10,048
+7.0%
September 2018
9,056
10,046
+10.9%
October 2018
8,941
10,047
+12.4%
November 2018
8,667
9,972
+15.1%
December 2018
7,989
9,146
+14.5%
January 2019
8,220
9,328
+13.5%
February 2019
8,508
9,400
+10.5%
March 2019
8,841
9,419
+6.5%
April 2019
9,029
9,313
+3.1%
12-Month Avg
8,869
9,621
+8.6%
Historical Inventory of Homes for Sale 21,000 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 1-2003
1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
April
Prior Year
Current Year
+/–
May 2018
4.0
3.7
-7.5%
June 2018
3.9
3.9
0.0%
July 2018
3.8
4.0
+5.3%
August 2018
3.9
4.0
+2.6%
September 2018
3.8
4.0
+5.3%
October 2018
3.7
4.0
+8.1%
November 2018
3.6
3.9
+8.3%
December 2018
3.3
3.6
+9.1%
Month
3.9
3.7
2017
3.6
-5.1%
-2.7%
2018
2019
January 2019
3.4
3.7
+8.8%
February 2019
3.5
3.7
+5.7%
March 2019
3.6
3.7
+2.8%
April 2019
3.7
3.6
-2.7%
12-Month Avg
3.7
3.8
+3.4%
Historical Months Supply of Inventory 18 16 14 12 10 8 6 4 2 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 13
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.
April 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS
Quick Facts + 13.2%
+ 5.1%
+ 6.3%
Price Range With Strongest Sales:
Construction Status With Strongest Sales:
Property Type With Strongest Sales:
$200,000 to $299,999
Previously Owned
Condo-Townhouse
Pending Sales
15
Days on Market Until Sale
16
Median Sales Price
17
Percent of Original List Price Received
18
Percent of Properties Sold Over List Price
19
Inventory of Homes for Sale
20
Months Supply of Inventory
21
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 14
Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.
By Price Range 4-2018
By Construction Status
4-2019
4-2018
9,325 7,805
24,704
8,235 7,064 5,860
5,330 5,528
By Property Type 4-2018
4-2019
25,967
24,902
4-2019
26,041
6,549
1,885 2,053
4,780 369
4,944
4,870
4,582
392
- 9.5%
+ 3.7%
+ 13.2%
+ 11.8%
+ 8.9%
+ 6.2%
+ 5.1%
+ 3.4%
+ 4.6%
+ 6.3%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
$149,999 and Below
7,805
7,064
- 9.5%
5,648
5,013
- 11.2%
2,157
2,051
- 4.9% + 22.8%
$150,000 to $199,999
5,330
5,528
+ 3.7%
4,247
4,198
- 1.2%
1,083
1,330
$200,000 to $299,999
8,235
9,325
+ 13.2%
7,526
8,552
+ 13.6%
709
773
+ 9.0%
$300,000 to $499,999
5,860
6,549
+ 11.8%
5,466
6,081
+ 11.3%
394
468
+ 18.8%
$500,000 to $999,999
1,885
2,053
+ 8.9%
1,700
1,853
+ 9.0%
185
200
+ 8.1%
$1,000,000 and Above
369
392
+ 6.2%
315
344
+ 9.2%
54
48
- 11.1%
All Price Ranges
29,484
30,911
+ 4.8%
24,902
26,041
+ 4.6%
4,582
4,870
+ 6.3%
By Construction Status
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
Previously Owned
24,704
25,967
+ 5.1%
20,565
21,501
+ 4.6%
4,139
4,466
+ 7.9%
New Construction
4,780
4,944
+ 3.4%
4,337
4,540
+ 4.7%
443
404
- 8.8%
All Property Types
29,484
30,911
+ 4.8%
24,902
26,041
+ 4.6%
4,582
4,870
+ 6.3%
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 15
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
By Price Range 4-2018
By Construction Status
4-2019
4-2018
129
4-2018
125
95
107 87 58
66 52
50
By Property Type
4-2019
92
70
4-2019
66
58
94 81
63
65
54
59
45
- 10.3%
- 10.0%
- 1.5%
- 6.9%
- 12.1%
- 3.1%
- 6.3%
- 3.2%
- 5.7%
- 6.9%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
$149,999 and Below
58
52
- 10.3%
64
57
- 10.9%
44
42
- 4.5%
$150,000 to $199,999
50
45
- 10.0%
50
46
- 8.0%
52
43
- 17.3%
$200,000 to $299,999
66
65
- 1.5%
65
65
0.0%
73
68
- 6.8%
$300,000 to $499,999
87
81
- 6.9%
86
80
- 7.0%
93
92
- 1.1%
$500,000 to $999,999
107
94
- 12.1%
107
92
- 14.0%
106
109
+ 2.8%
$1,000,000 and Above
129
125
- 3.1%
131
126
- 3.8%
117
113
- 3.4%
All Price Ranges
68
64
- 5.9%
70
66
- 5.7%
58
54
- 6.9%
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
Previously Owned
63
59
- 6.3%
64
60
- 6.3%
54
53
- 1.9%
New Construction
95
92
- 3.2%
97
95
- 2.1%
84
64
- 23.8%
All Property Types
68
64
- 5.9%
70
66
- 5.7%
58
54
- 6.9%
By Construction Status
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 16
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
By Construction Status 4-2018
By Property Type 4-2018
4-2019
$289,888 $194,900
$298,000
4-2019
$211,000
$223,607
$225,000
$237,000
$208,000
$150,000
+ 6.7%
+ 2.8%
Previously Owned
New Construction
+ 6.0% All Properties
All Properties By Construction Status
+ 5.3%
+ 4.7%
Single-Family
Single-Family
$157,000
Condo-Townhouse
Condo-Townhouse
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
Previously Owned
$194,900
$208,000
+ 6.7%
$207,000
$220,000
+ 6.3%
$145,000
$155,000
+ 6.9%
New Construction
$289,888
$298,000
+ 2.8%
$299,990
$303,400
+ 1.1%
$178,000
$186,085
+ 4.5%
All Construction Statuses
$211,000
$223,607
+ 6.0%
$225,000
$237,000
+ 5.3%
$150,000
$157,000
+ 4.7%
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 17
Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.
By Price Range 4-2018
By Construction Status
4-2019 97.0% 96.8%
4-2018
96.6% 96.6%
By Property Type 4-2018
4-2019
4-2019
96.1%
98.4% 98.5%
96.2% 96.1% 95.1% 95.3%
93.5%
95.8%
93.0% 92.1%
91.4%
95.5% 95.5%
95.1% 95.0%
- 0.5%
- 0.2%
0.0%
- 0.1%
+ 0.2%
- 0.8%
- 0.1%
+ 0.1%
0.0%
- 0.3%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
$149,999 and Below
93.5%
93.0%
- 0.5%
92.6%
92.0%
- 0.6%
95.7%
95.3%
- 0.4% + 0.2%
$150,000 to $199,999
97.0%
96.8%
- 0.2%
97.0%
96.6%
- 0.4%
97.1%
97.3%
$200,000 to $299,999
96.6%
96.6%
0.0%
96.6%
96.6%
0.0%
96.5%
96.1%
- 0.4%
$300,000 to $499,999
96.2%
96.1%
- 0.1%
96.2%
96.2%
0.0%
96.5%
95.1%
- 1.5%
$500,000 to $999,999
95.1%
95.3%
+ 0.2%
95.1%
95.5%
+ 0.4%
95.2%
93.9%
- 1.4%
$1,000,000 and Above
92.1%
91.4%
- 0.8%
91.9%
91.3%
- 0.7%
92.8%
92.0%
- 0.9%
All Price Ranges
95.6%
95.5%
- 0.1%
95.5%
95.5%
0.0%
96.1%
95.8%
- 0.3%
By Construction Status
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
Previously Owned
95.1%
95.0%
- 0.1%
94.9%
94.9%
0.0%
95.8%
95.6%
- 0.2%
New Construction
98.4%
98.5%
+ 0.1%
98.3%
98.4%
+ 0.1%
99.2%
98.7%
- 0.5%
All Property Types
95.6%
95.5%
- 0.1%
95.5%
95.5%
0.0%
96.1%
95.8%
- 0.3%
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 18
Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.
By Price Range 4-2018
By Construction Status
4-2019
4-2018
By Property Type 4-2018
4-2019
17.3%
17.7% 17.6%
16.9% 16.5% 13.3% 13.5% 10.5%
11.2%
9.7%
13.7% 13.2%
4-2019
14.5% 14.8%
14.8%
10.6%
10.5%
5.3%
9.1%
4.4%
- 0.4%
+ 1.6%
+ 6.8%
+ 7.9%
- 16.1%
- 2.3%
- 3.6%
+ 17.1%
+ 1.8%
- 13.8%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
$149,999 and Below
17.7%
17.6%
- 0.4%
19.3%
19.9%
+ 3.0%
10.8%
10.1%
- 5.6%
$150,000 to $199,999
13.3%
13.5%
+ 1.6%
13.6%
14.2%
+ 4.8%
10.2%
5.9%
- 42.5%
$200,000 to $299,999
10.5%
11.2%
+ 6.8%
10.3%
11.6%
+ 12.2%
12.8%
6.3%
- 50.3%
$300,000 to $499,999
9.7%
10.5%
+ 7.9%
10.2%
11.0%
+ 7.5%
5.6%
5.7%
+ 2.9%
$500,000 to $999,999
5.3%
4.4%
- 16.1%
5.9%
4.7%
- 19.9%
1.6%
2.0%
+ 22.0%
$1,000,000 and Above
16.9%
16.5%
- 2.3%
18.8%
18.9%
+ 0.6%
11.8%
10.6%
- 10.1%
All Price Ranges
13.9%
13.9%
- 0.1%
14.5%
14.8%
+ 1.8%
10.6%
9.1%
- 13.8%
By Construction Status
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
Previously Owned
13.7%
13.2%
- 3.6%
14.5%
14.2%
- 2.2%
9.9%
8.8%
- 11.4%
New Construction
14.8%
17.3%
+ 17.1%
14.6%
17.7%
+ 21.3%
16.2%
12.9%
- 20.7%
All Property Types
13.9%
13.9%
- 0.1%
14.5%
14.8%
+ 1.8%
10.6%
9.1%
- 13.8%
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 19
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range 4-2018
By Construction Status
4-2019
2,485
2,475 2,547
2,230 1,648 1,385
1,272 942
4-2018
4-2019
7,425
7,656
By Property Type 4-2018
7,836
4-2019
7,932
1,451
922 462
1,604
523
1,657
1,193
1,381
- 16.0%
- 2.1%
+ 11.4%
+ 2.9%
+ 14.1%
+ 13.2%
+ 3.1%
+ 3.3%
+ 1.2%
+ 15.8%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
$149,999 and Below
1,648
1,385
- 16.0%
1,326
1,075
- 18.9%
322
310
- 3.7%
$150,000 to $199,999
942
922
- 2.1%
713
658
- 7.7%
229
264
+ 15.3%
$200,000 to $299,999
2,230
2,485
+ 11.4%
2,025
2,205
+ 8.9%
205
280
+ 36.6%
$300,000 to $499,999
2,475
2,547
+ 2.9%
2,238
2,278
+ 1.8%
237
269
+ 13.5%
$500,000 to $999,999
1,272
1,451
+ 14.1%
1,116
1,261
+ 13.0%
156
190
+ 21.8%
$1,000,000 and Above
462
523
+ 13.2%
418
455
+ 8.9%
44
68
+ 54.5%
9,029
9,313
+ 3.1%
7,836
7,932
+ 1.2%
1,193
1,381
+ 15.8%
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
7,425
7,656
+ 3.1%
6,338
6,451
+ 1.8%
1,087
1,205
+ 10.9%
New Construction
1,604
1,657
+ 3.3%
1,498
1,481
- 1.1%
106
176
+ 66.0%
All Property Types
9,029
9,313
+ 3.1%
7,836
7,932
+ 1.2%
1,193
1,381
+ 15.8%
All Price Ranges
By Construction Status Previously Owned
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 20
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.
By Price Range 4-2018
By Construction Status
4-2019
4-2018
15.0
8.1 5.1 2.5
2.4
2.1
3.2
2.0
4-2018
4.0
16.0
4.0
3.8
4-2019
3.7
3.4
3.1 3.6
8.5
By Property Type
4-2019
3.5
4.7
3.2
- 4.0%
- 4.8%
0.0%
- 7.8%
+ 4.9%
+ 6.7%
- 1.9%
- 0.1%
- 2.6%
+ 9.7%
$149,999 and Below
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $499,999
$500,000 to $999,999
$1,000,000 and Above
Previously Owned
New Construction
Single-Family
Condo-Townhouse
All Properties
Single-Family
Condo-Townhouse
By Price Range
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
$149,999 and Below
2.5
2.4
- 4.0%
2.8
2.6
- 7.1%
1.8
1.8
0.0%
$150,000 to $199,999
2.1
2.0
- 4.8%
2.0
1.9
- 5.0%
2.5
2.4
- 4.0%
$200,000 to $299,999
3.2
3.2
0.0%
3.2
3.1
- 3.1%
3.5
4.3
+ 22.9%
$300,000 to $499,999
5.1
4.7
- 7.8%
4.9
4.5
- 8.2%
7.2
6.9
- 4.2%
$500,000 to $999,999
8.1
8.5
+ 4.9%
7.9
8.2
+ 3.8%
10.1
11.4
+ 12.9%
$1,000,000 and Above
15.0
16.0
+ 6.7%
15.9
15.9
0.0%
9.8
17.0
+ 73.5%
All Price Ranges
3.7
3.6
- 2.7%
3.8
3.7
- 2.6%
3.1
3.4
+ 9.7%
4-2018
4-2019
Change
4-2018
4-2019
Change
4-2018
4-2019
Change
3.6
3.5
- 1.9%
3.7
3.6
- 2.6%
3.2
3.2
+ 2.7%
New Construction
4.0
4.0
- 0.1%
4.1
3.9
- 5.6%
2.9
5.2
+ 82.1%
All Property Types
3.7
3.6
- 2.7%
3.8
3.7
- 2.6%
3.1
3.4
+ 9.7%
By Construction Status Previously Owned
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside / Mandarin / Bartram
- 11.1%
+ 10.3%
+ 1.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 01
February
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
296
263
- 11.1%
541
540
- 0.2%
174
192
+ 10.3%
344
357
+ 3.8%
$241,495
$245,950
+ 1.8%
$236,250
$240,570
+ 1.8%
Percent of Original List Price Received*
95.2%
94.9%
- 0.3%
95.4%
95.2%
- 0.2%
Percent of Properties Sold Over List Price*
8.0%
15.1%
+ 88.8%
11.3%
12.3%
+ 8.8%
Days on Market Until Sale
62
70
+ 12.9%
60
65
+ 8.3%
Inventory of Homes for Sale
656
714
+ 8.8%
--
--
--
Months Supply of Inventory
2.8
3.0
+ 7.1%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 296
2018
Year to Date
2019
541
2018
2019
540
263 174
- 11.1% New Listings
357
344
192
+ 3.8% Closed Sales
- 0.2% New Listings
+ 10.3% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Southside / Mandarin / Bartram
a
+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Southside
- 1.6%
+ 5.3%
- 15.2%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 02
February
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
369
363
- 1.6%
734
755
+ 2.9%
243
256
+ 5.3%
451
449
- 0.4%
$213,500
$181,000
- 15.2%
$199,000
$170,000
- 14.6%
Percent of Original List Price Received*
96.1%
96.5%
+ 0.4%
95.7%
95.4%
- 0.3%
Percent of Properties Sold Over List Price*
13.2%
12.5%
- 5.3%
12.2%
11.1%
- 9.0%
Days on Market Until Sale
64
57
- 10.9%
60
56
- 6.7%
Inventory of Homes for Sale
746
880
+ 18.0%
--
--
--
Months Supply of Inventory
2.5
2.8
+ 12.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 369
2018
Year to Date
2019
734
363 243
- 1.6% New Listings
2018
755
256
451
449
- 0.4% Closed Sales
+ 2.9% New Listings
+ 5.3% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Southside
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Riverside / Avondale / Ortega
+ 10.8%
- 19.0%
+ 7.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 03
February
Year to Date
2018
2019
+/–
2018
2019
+/–
74
82
+ 10.8%
125
151
+ 20.8%
New Listings Closed Sales
42
34
- 19.0%
68
57
- 16.2%
$257,500
$275,500
+ 7.0%
$273,200
$260,100
- 4.8%
Percent of Original List Price Received*
91.7%
94.1%
+ 2.6%
92.4%
93.4%
+ 1.1%
Percent of Properties Sold Over List Price*
4.8%
5.9%
+ 22.9%
4.4%
5.3%
+ 20.5%
Days on Market Until Sale
80
89
+ 11.3%
89
87
- 2.2%
Inventory of Homes for Sale
161
239
+ 48.4%
--
--
--
Months Supply of Inventory
3.6
5.4
+ 50.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
2019
151
82
74
2018
125 42
+ 10.8% New Listings
68
34
- 16.2% Closed Sales
+ 20.8% New Listings
- 19.0% Closed Sales
57
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Riverside / Avondale / Ortega
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Arlington / Fort Caroline
- 3.0%
+ 12.6%
+ 2.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 04
February
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
203
197
- 3.0%
365
407
+ 11.5%
119
134
+ 12.6%
247
259
+ 4.9%
$185,000
$188,950
+ 2.1%
$190,000
$190,000
0.0%
Percent of Original List Price Received*
95.3%
95.0%
- 0.3%
96.1%
94.8%
- 1.4%
Percent of Properties Sold Over List Price*
16.0%
14.9%
- 6.9%
16.6%
15.1%
- 9.0%
Days on Market Until Sale
62
62
0.0%
55
59
+ 7.3%
Inventory of Homes for Sale
369
432
+ 17.1%
--
--
--
Months Supply of Inventory
2.2
2.6
+ 18.2%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 203
2018
Year to Date
2019
365
197 119
- 3.0% New Listings
2018
407 259
247
134
+ 4.9% Closed Sales
+ 11.5% New Listings
+ 12.6% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Arlington / Fort Caroline
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
West Jacksonville
+ 12.8%
+ 11.9%
+ 7.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 06
February
New Listings Closed Sales
Year to Date
2018
2019
+/–
2018
2019
+/–
164
185
+ 12.8%
299
323
+ 8.0%
118
132
+ 11.9%
223
247
+ 10.8%
$167,500
$180,000
+ 7.5%
$164,500
$177,000
+ 7.6%
Percent of Original List Price Received*
96.2%
95.4%
- 0.8%
97.4%
96.0%
- 1.4%
Percent of Properties Sold Over List Price*
16.9%
12.1%
- 28.4%
21.1%
14.6%
- 30.8%
Days on Market Until Sale
72
76
+ 5.6%
63
71
+ 12.7%
Inventory of Homes for Sale
328
393
+ 19.8%
--
--
--
Months Supply of Inventory
2.4
2.7
+ 12.5%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 164
2018
Year to Date
2019
185
299 118
+ 12.8% New Listings
2018
323
132
247
223
+ 10.8% Closed Sales
+ 8.0% New Listings
+ 11.9% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
West Jacksonville
a
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Fleming Island Area
0.0%
+ 10.0%
- 2.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 12
February 2018
2019
+/–
2018
2019
+/–
62
62
0.0%
108
115
+ 6.5%
40
44
+ 10.0%
61
67
+ 9.8%
$264,000
$257,500
- 2.5%
$241,500
$250,000
+ 3.5%
New Listings Closed Sales Median Sales Price*
Year to Date
Percent of Original List Price Received*
95.9%
96.6%
+ 0.7%
96.1%
96.6%
+ 0.5%
Percent of Properties Sold Over List Price*
5.0%
15.9%
+ 218.0%
8.2%
14.9%
+ 81.7%
Days on Market Until Sale
70
58
- 17.1%
69
57
- 17.4%
Inventory of Homes for Sale
150
139
- 7.3%
--
--
--
Months Supply of Inventory
2.8
2.6
- 7.1%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
62
Year to Date
2019
62
108 40
2018
115
44 67
61
0.0% New Listings
2019
+ 9.8% Closed Sales
+ 6.5% New Listings
+ 10.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Fleming Island Area
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Orange Park
- 6.0%
+ 15.7%
+ 13.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 13
February
Year to Date
2018
2019
New Listings
151
142
- 6.0%
286
304
+ 6.3%
Closed Sales
83
96
+ 15.7%
162
181
+ 11.7%
Median Sales Price*
+/–
2018
2019
+/–
$189,450
$215,500
+ 13.8%
$185,000
$208,000
+ 12.4%
Percent of Original List Price Received*
96.0%
95.9%
- 0.1%
96.0%
95.8%
- 0.2%
Percent of Properties Sold Over List Price*
12.0%
24.0%
+ 100.0%
13.0%
22.7%
+ 74.6%
Days on Market Until Sale
46
70
+ 52.2%
54
64
+ 18.5%
Inventory of Homes for Sale
275
342
+ 24.4%
--
--
--
Months Supply of Inventory
2.2
2.6
+ 18.2%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 151
2018
Year to Date
2019
142
286 83
- 6.0% New Listings
2018
304
96
181
162
+ 11.7% Closed Sales
+ 6.3% New Listings
+ 15.7% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Orange Park
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Middleburg Vicinity
+ 18.7%
+ 41.1%
+ 9.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 14
February
Year to Date
2018
2019
+/–
2018
2019
New Listings
91
108
+ 18.7%
179
186
+ 3.9%
Closed Sales
56
79
+ 41.1%
114
142
+ 24.6%
Median Sales Price*
+/–
$186,000
$203,000
+ 9.1%
$190,000
$196,750
+ 3.6%
Percent of Original List Price Received*
96.3%
92.9%
- 3.5%
95.9%
93.7%
- 2.3%
Percent of Properties Sold Over List Price*
14.3%
11.4%
- 20.3%
14.9%
13.4%
- 10.1%
Days on Market Until Sale
58
102
+ 75.9%
58
92
+ 58.6%
Inventory of Homes for Sale
241
257
+ 6.6%
--
--
--
Months Supply of Inventory
3.3
2.9
- 12.1%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
108
179
91
2018
186 142
79
114
56
+ 18.7% New Listings
2019
+ 24.6% Closed Sales
+ 3.9% New Listings
+ 41.1% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Middleburg Vicinity
a
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Green Cove Springs
+ 9.3%
- 7.1%
- 2.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 16
February
Year to Date
2018
2019
+/–
2018
2019
+/–
54
59
+ 9.3%
103
118
+ 14.6%
New Listings Closed Sales
28
26
- 7.1%
54
62
+ 14.8%
$220,945
$216,495
- 2.0%
$221,575
$207,495
- 6.4%
Percent of Original List Price Received*
97.3%
95.3%
- 2.1%
96.8%
96.6%
- 0.2%
Percent of Properties Sold Over List Price*
10.7%
7.7%
- 28.0%
13.0%
17.7%
+ 36.2%
Days on Market Until Sale
111
70
- 36.9%
102
78
- 23.5%
Inventory of Homes for Sale
154
160
+ 3.9%
--
--
--
Months Supply of Inventory
3.5
3.9
+ 11.4%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
59
54
103 28
+ 9.3% New Listings
2018
118 62
54
26
+ 14.8% Closed Sales
+ 14.6% New Listings
- 7.1% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Green Cove Springs
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Jacksonville Beach
+ 3.6%
- 28.6%
+ 11.3%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 21
February 2018
2019
New Listings
83
Closed Sales
42
Median Sales Price*
Year to Date +/–
2018
2019
+/–
86
+ 3.6%
158
147
- 7.0%
30
- 28.6%
72
54
- 25.0%
$368,000
$409,500
+ 11.3%
$385,000
$395,000
+ 2.6%
Percent of Original List Price Received*
93.0%
93.7%
+ 0.8%
94.5%
93.4%
- 1.2%
Percent of Properties Sold Over List Price*
9.5%
3.3%
- 65.3%
6.9%
3.7%
- 46.4%
Days on Market Until Sale
100
79
- 21.0%
97
87
- 10.3%
Inventory of Homes for Sale
222
233
+ 5.0%
--
--
--
Months Supply of Inventory
4.3
4.4
+ 2.3%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
158
86
83
42
+ 3.6% New Listings
2018
147
72
30
54
- 25.0% Closed Sales
- 7.0% New Listings
- 28.6% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Jacksonville Beach
a
+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Neptune Beach
+ 133.3%
+ 20.0%
- 31.5%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 22
February
Year to Date
2018
2019
+/–
2018
2019
+/–
6
14
+ 133.3%
21
25
+ 19.0%
New Listings Closed Sales
5
6
+ 20.0%
13
9
- 30.8%
$560,000
$383,400
- 31.5%
$455,000
$355,000
- 22.0%
Percent of Original List Price Received*
94.3%
94.9%
+ 0.6%
95.6%
95.1%
- 0.5%
Percent of Properties Sold Over List Price*
0.0%
0.0%
--
15.4%
0.0%
- 100.0%
48
46
- 4.2%
69
43
- 37.7%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
31
39
+ 25.8%
--
--
--
Months Supply of Inventory
3.2
4.3
+ 34.4%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
14
2018
2019
25 21
6
5
+ 133.3% New Listings
13
6
9
- 30.8% Closed Sales
+ 19.0% New Listings
+ 20.0% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Neptune Beach
a
+ 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Atlantic Beach
+ 12.0%
- 21.1%
+ 21.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 23
February
Year to Date
2018
2019
+/–
2018
2019
+/–
25
28
+ 12.0%
59
64
+ 8.5%
New Listings Closed Sales
19
15
- 21.1%
40
30
- 25.0%
$360,000
$439,000
+ 21.9%
$362,500
$439,500
+ 21.2%
Percent of Original List Price Received*
93.0%
100.4%
+ 8.0%
94.4%
97.9%
+ 3.7%
Percent of Properties Sold Over List Price*
10.5%
20.0%
+ 90.5%
10.0%
13.3%
+ 33.0%
112
79
- 29.5%
99
85
- 14.1%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
97
96
- 1.0%
--
--
--
Months Supply of Inventory
4.1
4.3
+ 4.9%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
28
25
2018
64
59 19
40
15
+ 12.0% New Listings
2019
30
- 25.0% Closed Sales
+ 8.5% New Listings
- 21.1% Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Atlantic Beach
a
+ 60% + 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
North Beach / Mayport
+ 27.3%
- 27.3%
+ 17.9%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 24
February
Year to Date
2018
2019
+/–
2018
2019
+/–
11
14
+ 27.3%
30
23
- 23.3%
New Listings Closed Sales
11
8
- 27.3%
18
15
- 16.7%
$184,900
$218,000
+ 17.9%
$184,950
$174,900
- 5.4%
Percent of Original List Price Received*
98.0%
95.3%
- 2.8%
99.4%
95.0%
- 4.4%
Percent of Properties Sold Over List Price*
18.2%
12.5%
- 31.3%
27.8%
6.7%
- 75.9%
25
49
+ 96.0%
45
50
+ 11.1%
Median Sales Price*
Days on Market Until Sale Inventory of Homes for Sale
31
18
- 41.9%
--
--
--
Months Supply of Inventory
3.5
1.5
- 57.1%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
2018
Year to Date
2019
14
2018
2019
30
11
11
23 18
8
+ 27.3% New Listings
- 16.7% Closed Sales
- 23.3% New Listings
- 27.3% Closed Sales
15
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
North Beach / Mayport
a
+ 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
NE St. Johns County – Ponte Vedra Beach North
- 7.4%
0.0%
+ 38.1%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 25
February
Year to Date
2018
2019
+/–
2018
2019
+/–
27
25
- 7.4%
59
56
- 5.1%
New Listings Closed Sales
16
16
0.0%
31
29
- 6.5%
$440,000
$607,500
+ 38.1%
$345,000
$618,485
+ 79.3%
Percent of Original List Price Received*
94.8%
92.5%
- 2.4%
93.0%
92.7%
- 0.3%
Percent of Properties Sold Over List Price*
12.5%
6.3%
- 49.6%
12.9%
10.3%
- 20.2%
Days on Market Until Sale
70
122
+ 74.3%
92
108
+ 17.4%
Inventory of Homes for Sale
115
111
- 3.5%
--
--
--
Months Supply of Inventory
6.1
5.0
- 18.0%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 27
2018
Year to Date
2019
59
25 16
- 7.4% New Listings
2018
56
16
31
29
- 6.5% Closed Sales
- 5.1% New Listings
0.0% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
NE St. Johns County – Ponte Vedra Beach North
a
+ 140% + 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% - 80% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
- 8.2%
+ 2.2%
- 6.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 26
February
New Listings
Year to Date
2018
2019
+/–
2018
2019
+/–
122
112
- 8.2%
206
204
- 1.0%
Closed Sales
46
47
+ 2.2%
84
91
+ 8.3%
$414,750
$386,500
- 6.8%
$418,500
$425,000
+ 1.6%
Percent of Original List Price Received*
94.2%
93.5%
- 0.7%
93.6%
93.7%
+ 0.1%
Percent of Properties Sold Over List Price*
4.3%
2.1%
- 51.2%
6.0%
1.1%
- 81.7%
Days on Market Until Sale
84
114
+ 35.7%
108
99
- 8.3%
Inventory of Homes for Sale
367
369
+ 0.5%
--
--
--
Months Supply of Inventory
6.2
5.9
- 4.8%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 122
2018
Year to Date
2019
206
112
46
- 8.2% New Listings
2018
204
91
84
47
+ 8.3% Closed Sales
- 1.0% New Listings
+ 2.2% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley
a
+ 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
Ponte Vedra / Nocatee (St. Johns County)
- 4.5%
+ 42.1%
- 3.8%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 27
February
New Listings
Year to Date
2018
2019
+/–
2018
2019
+/–
111
106
- 4.5%
188
186
- 1.1%
Closed Sales
38
54
+ 42.1%
74
94
+ 27.0%
$431,610
$415,000
- 3.8%
$414,500
$395,200
- 4.7%
Percent of Original List Price Received*
97.7%
95.1%
- 2.7%
97.8%
95.9%
- 1.9%
Percent of Properties Sold Over List Price*
15.8%
13.0%
- 17.7%
16.2%
11.7%
- 27.8%
Days on Market Until Sale
63
87
+ 38.1%
48
87
+ 81.3%
Inventory of Homes for Sale
244
264
+ 8.2%
--
--
--
Months Supply of Inventory
3.3
3.6
+ 9.1%
--
--
--
Median Sales Price*
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 111
2018
Year to Date
2019
188
106
2018
186
54
94
74
38
- 4.5% New Listings
+ 27.0% Closed Sales
- 1.1% New Listings
+ 42.1% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Ponte Vedra / Nocatee (St. Johns County)
a
+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.
Local Market Update – February 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®
St. Johns County NW
+ 12.8%
+ 10.3%
- 2.0%
Change in New Listings
Change in Closed Sales
Change in Median Sales Price
Region 30
February
New Listings Closed Sales Median Sales Price*
Year to Date
2018
2019
+/–
2018
2019
+/–
304
343
+ 12.8%
577
644
+ 11.6%
195
215
+ 10.3%
335
367
+ 9.6%
$322,405
$315,985
- 2.0%
$314,824
$310,000
- 1.5%
Percent of Original List Price Received*
96.5%
97.1%
+ 0.6%
96.7%
97.1%
+ 0.4%
Percent of Properties Sold Over List Price*
8.2%
14.0%
+ 70.7%
7.8%
14.4%
+ 84.6%
Days on Market Until Sale
88
95
+ 8.0%
79
90
+ 13.9%
Inventory of Homes for Sale
940
965
+ 2.7%
--
--
--
Months Supply of Inventory
3.9
3.8
- 2.6%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February 304
2018
Year to Date
2019
343
577 195
+ 12.8% New Listings
2018
644
215
367
335
+ 9.6% Closed Sales
+ 11.6% New Listings
+ 10.3% Closed Sales
2019
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
St. Johns County - NW
a
+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
1-2014
1-2015
1-2016
1-2017
1-2018
1-2019
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.
Current as of May 16, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.