St Augustine, St Johns County Real Estate & Home Staging

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Jacksonville Beach Real Estate Market Report July 2013

Thinking of buying or selling a home in Jacksonville Beach but wondering how the market is performing? Today's real estate market report will focus on how Jacksonville Beach is performing compared to the general Jacksonville market. Hopefully this information will allow you to make an educated decision about how you want to move forward in the market. Either way, I'm here to answer questions about this report, or your property specifically.

Jacksonville Beach Real Estate Market Report July 2013

In order to talk about the Jacksonville Beach Real Estate Market, it's best to show the statistics created by the Northeast Florida Association of Realtors. This report will include snippets of the July 2013 Market Report, you can read the entire report by clicking the link provided: July 2013 Jacksonville Real Estate Market Report realtor jacksonville beach real estate   Generally speaking almost all of the news is good. While percent of list price and properties sold over list price decreased, the average median price in Jacksonville Beach rose 25.5% over last year and has increased nearly 13% this year alone. Despite the 40.8% increase in new listings, inventory supply continues to fall, down 31.5% from last year. Just as a refresher, 5 months of inventory is considered a level market. When inventory levels are above 5 months, it is said to be a buyer's market. When it is under 5 months it is said to be a seller's market. With only 3.7 months, and declining, Jacksonville Beach is strongly in a seller's market.

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How does the Jacksonville Beach market compare with the Greater Jacksonville market?

If you flip on any real estate show or blog across the country you'll hear that the real estate market is heating up. So how does the Jacksonville Beach market compare with the averages of our larger local market?  The below numbers represent the entire market that is serviced by the Northeast Florida Association of Realtors. To view the full report click on July 2013 Jacksonville Real Estate Market Report.

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Since we just discussed inventory levels, you can clearly see that the inventory levels in Jacksonville Beach are more than a full month less, making Jacksonville Beach real estate a hot commodity, even in comparison to the greater Jacksonville area. New listings in Jacksonville Beach are increasing at a slightly slower pace, median sale prices are increasing at a higher rate, and days on market are only about 80% of that of the greater market's.

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Put into perspective, this means that Jacksonville Beach is currently experiencing a seller's market with slightly faster growth than the surrounding markets. For more information on Jacksonville or Jacksonville Beach market statistics, or to get a free comprehensive market analysis of your home, call Melissa Marro at 904-466-2093.  

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 Author Bio: Melissa Marro, Home Staging Industry leader, Realtor, and entrepreneur offers a unique perspective on New Home Construction, Resale Residential Real Estate, and Home Staging

For more information on buying or selling in the Fleming Island, Orange Park, or Jacksonville, area, visit StageListSellNEFL.com or call Melissa Marro (marro.melissa at gmail.com), Keller Williams First Coast Realty, for more information (904-466-2093).

 

Comment balloon 4 commentsMelissa Marro • September 10 2013 06:29PM
Jacksonville Beach Real Estate Market Report July 2013
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