DECEMBER Home of the CLHMS
TM
JACKSONVILLE BEACHES F LO RI D A www.LuxuryHomeMarketing.com
2023
JACKSONVILLE BEACHES
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $845,000 $4,300,000+ $3,800,000 - $4,299,999 $3,300,000 - $3,799,999
$2,800,000 - $3,299,999
19
3
28
4 20
4
$1,400,000 - $1,599,999
25
3 21
2
$1,200,000 - $1,299,999
28
6
22
3 18
6
$900,000 - $999,999
1
Total Sales Ratio2: 17%
21
5
$1,600,000 - $1,799,999
$845,000 - $899,999
Balanced Market
18
2
$1,800,000 - $2,099,999
$1,000,000 - $1,099,999
Total Sales: 67
8
0
$2,100,000 - $2,399,999
$1,100,000 - $1,199,999
Total Inventory: 384
7
0
$2,400,000 - $2,799,999
$1,300,000 - $1,399,999
29
7
70
13 50
9
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$905,000
3
2
6
45
13%
2,000 - 2,999
$1,025,000
4
3
23
128
18%
3,000 - 3,999
$1,290,000
4
4
23
130
18%
4,000 - 4,999
$2,508,574
4
5
8
46
17%
5,000 - 5,999
$5,000,000
5
5
3
17
18%
6,000+
$6,287,500
6
7
4
17
24%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
JACKSONVILLE BEACHES
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$1,275,000
$1,265,000 $1,098,537
310
308
$1,079,500
288
279
55
61
37
54
Nov-22
Dec-22
Jan-23
Feb-23
$1,200,000
$1,225,000
282
304
$1,150,000
Inventory
Solds
$1,250,000
$1,250,000
389
359
347
$1,150,138
98
81
103
129
Mar-23
Apr-23
May-23
Jun-23
$1,275,000 $1,112,500
415
378
370
$1,127,550
384
98
87
90
78
67
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2022
Nov. 2023
310
TOTAL SOLDS Nov. 2022
Nov. 2023
384 VARIANCE: 24 %
67 VARIANCE: 22 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Nov. 2022
$
Nov. 2023
376
434 VARIANCE: 15 % $
55
Nov. 2022
Nov. 2023
96.65% 96.60% VARIANCE: 0 %
SALES PRICE Nov. 2022
Nov. 2023
1.28m
$
$
1.28m VARIANCE: 0 %
DAYS ON MARKET Nov. 2022
Nov. 2023
34
33 VARIANCE: -3 %
JACKSONVILLE BEACHES MARKET SUMMARY | NOVEMBER 2023 • The Jacksonville Beaches single-family luxury market is a Balanced Market with a 17% Sales Ratio. • Homes sold for a median of 96.60% of list price in November 2023. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 33%. • The median luxury sales price for single-family homes is $1,275,000. • The median days on market for November 2023 was 33 days, down from 34 in November 2022. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
JACKSONVILLE BEACHES
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $742,500 $1,840,000+ 1 1
$1,640,000 - $1,839,999 $1,540,000 - $1,639,999
$1,440,000 - $1,539,999 $1,360,000 - $1,439,999 $1,280,000 - $1,359,999 $1,220,000 - $1,279,999 $1,160,000 - $1,219,999
$980,000 - $1,039,999 $920,000 - $979,999 $860,000 - $919,999
$800,000 - $859,999 $742,500 - $799,999
1
Total Inventory: 58 Total Sales: 12
3
0
Seller's Market
0 0
0 0
Total Sales Ratio2: 21%
2
0 1
1 3
0
$1,100,000 - $1,159,999 $1,040,000 - $1,099,999
18
5
4
1 2
0
3
0
5
1 4
1
4
1
7
2
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$832,676
2
2
3
9
33%
1,500 - 1,999
$984,500
3
4
4
21
19%
2,000 - 2,499
$2,175,000
3
3
1
17
6%
2,500 - 2,999
$1,962,500
3
3
1
6
17%
3,000 - 3,499
$3,000,000
3
4
2
3
67%
3,500+
$2,475,000
3
4
1
1
100%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
JACKSONVILLE BEACHES
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
Inventory
Solds $1,412,500
$1,057,500
$1,227,500
$1,140,000 $865,000
$835,000
$969,000
$1,057,000
$1,212,500
$1,185,000 $1,000,000
$980,000
$985,000
60 44
42
41
Nov-22
13
8
3
Dec-22
40
Jan-23
37
Mar-23
35
58
43
16
16
17
18
14
13
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
8 Feb-23
37
36 23
44
39
19
12
Oct-23
Nov-23
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2022
Nov. 2023
41
TOTAL SOLDS Nov. 2022
Nov. 2023
58 VARIANCE: 41 %
12 VARIANCE: 300 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Nov. 2022
Nov. 2023
733
707 VARIANCE: -4 %
$
$
3
Nov. 2022
Nov. 2023
100.00% 100.00% VARIANCE: 0 %
SALES PRICE Nov. 2022
835k
$
Nov. 2023
1.41m VARIANCE: 69 % $
DAYS ON MARKET Nov. 2022
Nov. 2023
8
27 VARIANCE: 238 %
JACKSONVILLE BEACHES MARKET SUMMARY | NOVEMBER 2023 • The Jacksonville Beaches attached luxury market is a Seller's Market with a 21% Sales Ratio. • Homes sold for a median of 100.00% of list price in November 2023. • The most active price band is $1,640,000-$1,839,999, where the sales ratio is 100%. • The median luxury sales price for attached homes is $1,412,500. • The median days on market for November 2023 was 27 days, up from 8 in November 2022.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3