Jacksonville Daily Record 1/25/24

Page 1

JANUARY 25 TO JANUARY 31, 2024 | JAXDAILYRECORD.COM

BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES

INSIDE

RESIDENTIAL REAL ESTATE ISSUE

HOUSING MARKET 2024: ‘A BIT MORE STABILIZED’

LOGISTICS

Enstructure, JaxPort agree to $136.6 million deal PAGE 3

DECEMBER HOME PRICES

The trends offer something for buyers and sellers as prices continue to rise but rising inventory is allowing more breathing room for shoppers.

St. Johns is the most expensive in the six-county region, according to the Northeast Florida Association of Realtors. Here are the median home prices for December 2023 and the percentage change from December 2022:

 

1.7% $349,990

0.3% $288,990

BY DAN MACDONALD

4.7% $334,990

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INTRODUCTORY OFFER

THE MATHIS REPORT

Stellar Energy to triple its capacity, add 250 jobs

4.9% $424,995

PAGE 4

3.1% $232,500

I

SEE TRENDS, PAGE 12

4.7% $564,787

STAFF WRITER

f interest rates drop as predicted in 2024, Northeast Florida’s residential real estate market could see more sellers as well as buyers as both sides see greater incentive to do deals. Affordability will be another key factor as prices fluctuate. Northeast Florida Association of Realtors data shows the median price of a single-family home rose more than $23,000 from January through December 2023. NEFAR tracks home sale information for Baker, Clay, Duval, Nassau, Putnam and St. Johns counties. The median price began at $360,990 and finished the year at $384,750. It reached a high in July at $395,000. Over the year, the selling and buying advantage switched as the median number of days a house was on the market changed.

Baker

Clay

Duval

Nassau

Putnam

St. Johns

MORE RESIDENTIAL REAL ESTATE INSIDE Presidents: Rory Dubin, Meagan Hart Perkins are new leaders of NEFAR and NEFBA. Page 8

Sales charts: The Top 10 homes sales of Q4 2023 and the top sales of the week. Page 10

Building permits: Single-family home permits fall in 2023. Page 9

Biggest sales: The Top 10 home sales of 2023. Page 12

CITY GOVERNMENT

Bringing back March Madness Jacksonville City Council approves spending $1.5 million to boost sports tourism and land big events like the NCAA Tournament — and potentially the NFL draft. PAGE 14 RESTAURANTS

THE BASCH REPORT

Pinnacle Financial sees $3 billion opportunity The bank entering Jacksonville says it has “the availability of leadership that we believe can build a $3 billion bank over a five-year period of time.” PAGE 6

Angie’s Subs nears JIA opening The shop is coming to the post-security area. Plus, notes on Dutch Bros Coffee, Marble Slab Creamery, Chick-fil-A and more. PAGE 5

VOLUME 111, NO. 1 | TWO SECTIONS | PUBLISHED SINCE 1912


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