2 minute read
House Hunting What’s selling and for how much?
Numbers Game
What’s been selling lately in northeast florida. And for how much.
NEIGHBORHOOD ADDRESS SQ. FEET SELLER SALE PRICE
PRIOR SALE PRICE DAYS ON MARKET
Argyle Forest 5014 Oakside Dr. 1,704 One Realty Corp. East Arlington 12388 Arrowleaf Ln. 3,663 Keller Williams Chimney Lakes 8161 Cayuga Tr. N. 1,638 Watson Realty Corp. Avondale
3874 Walsh St. 1,320 Root Realty Jacksonville Beach 1036 16th St. N. 1,407 Exit Real Estate $315,000 $50,057 (1994) 36 $525,000 $272,200 (2016) 39 $369,900 $121,000 (2000) 35 $460,000 $152,450 (2017) 21 $525,000 $286,600 (2018) 97
San Marco
1528 Belmont Ave. 1,494 Watson Realty Corp. $425,500 $265,000 (2018) 53
Mandarin Riverside Nocatee
12094 Staggerbush Ct. 2,511 Berkshire Hathaway HomeServices Florida Network Realty 2768 College St. 2,273 Keller Williams Realty 20 Knotwood Way 1,950 RE/MAX Unlimited $550,000 $143,100 (1987) 36
Orange Park
2404 Aloha Ln. 1,534 RE/MAX Connects
$331,000 $215,000 (2019) 34 Springfield 1721 Silver St. 1,966 Florida Homes Realty & Mortgage $333,000 $90,150 (2013) 162 South Ponte Vedra 4541 Eden Bay Dr. 2,331 Redfin $1,200,000 $650,000 (2020) 75 Bartram Park Preserve 136 Clearlake Dr. 5,351 Marsh Landing Country Club Realty $1,975,000 $1,087,500 (2013) 111
Miramar
3931 Barcelona Ave. 2,568 Berkshire Hathaway HomeServices Florida Network Realty $915,000 $595,000 (2009) 136
St. Augustine 504 Sevilla Dr. 1,789 Consolidated Realty Group $342,500 $78,700 (1981) 78 Neptune Beach 104 Reeding Ridge Dr. E. 2,229 Engel & Volkers $480,000 $379,800 (2001) 56 Hidden Hills
3343 Brachenbury Ln. 1,542 Keller Williams $356,000 $231,000 (2019) 41
Lakewood
5693 Bishop Cir. 1,482 Community Realty Associates $246,000 $92,000 (2021) 71
Oceanway
2320 N. Leonardo Ln. 1,572 Watson Realty Corp. Charter Point 4370 Jiggermast Ave. 1,923 Yellowfin Realty St. Johns $290,000 $85,700 (2022) 68 $370,000 $225,000 (2019) 42
Middleburg
3084 Longleaf Ranch Cir. 3,110 Coldwell Banker Vanguard Realty $450,000 $365,000 (2021) 46
e With the holiday season upon us, a housing market slowdown in the fall is typical. However, considering the heights that prices have risen to during the past couple of years, are the expected declines in sales and prices in November and December only seasonal or signs of what’s to come in 2023? According to Redfin’s latest market update, housing is taking a hit as increasing economic volatility and persistent inflation pile on top of 6.5%-plus mortgage rates to further deter wouldbe homebuyers and sellers. Across the country, home-touring activity from prospective buyers through September was down 23% from the start of the year and mortgage purchase applications declined 39% from a year earlier during the week of October 7. Closer to home, prices for single-family housing in Northeast Florida dipped 2.6% to a median price of $380,000, while the median days on the market rose 20% to 36 days. In Duval County, closed sales dropped nearly 20% to 814 in September. Active inventory of homes for sale was 2,565, up approximately 16% from the previous month. u
