jacksonville fl real estate market update for q2 2013 nefar
DESCRIPTION
Official Jacksonville FL Real Estate Market Update from the Northeast Florida Association of Realtors for the 2nd Quarter of 2013 shows good news for sellers! What Do The Numbers MEAN? Go to: http://www.houses-that-rock.com.TRANSCRIPT
Northeast Florida Multiple Listing Service, Inc.
and Metro Market Trends, Inc.
2nd Quarter 2013
NORTHEAST FLORIDA
MARKET SUMMARY 2nd QUARTER 2013
TableofContents
Introduction ....................................................................................... 1
Baker County ...................................................................................... 2
Clay County ........................................................................................ 4
Duval County ...................................................................................... 6
Nassau County .................................................................................... 8
Putnam County ................................................................................. 10
St. Johns County ............................................................................... 12
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RealtyWEB.Net, a service of the Northeast Florida Multiple Listing service Inc., is one of the largest multiple
listing services in Northeast Florida providing services to over 5500 members for 20 years. This quarterly
report reflects strictly single family residential homes as entered and reported through RealtyWEB.Net.
The 2nd Quarter 2013 statistical summary indicates that Northeast Florida continues to show a positive trend
towards a stronger real estate market as compared to the same time frame last year. Inventory numbers are
manageable while Sold transactions continue to increase. Both Average and Median Sold Prices are on the
rise as compared to 2012.
Other major indicators, such as the Absorption Rate (how long the current inventory of properties would last
at the current rate of sales) and Months of Inventory, continue to move in all the right directions for most of
the areas in the RealtyWEB.Net MLS system, again indicating a stable and productive market.
# Sold Ave Sales Price
Median Sales Price
Absorption Rate
Baker 39 $115,716 $121,500 11.9
Clay 726 $159,227 $137,000 5.47
Duval 3075 $186,351 $150,000 4.36
Nassau 147 $201,140 $178,450 7.89
Putnam 142 $85,618 $55,720 16.67
St Johns 1088 $339,607 $261,500 4.69
Other 63 $116,375 $95,000 23.5
2nd Quarter 2013 Summary
RealtyWEB.Net
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Statistic 2nd Qrtr 2013
1st Qrtr 2013 % Chg
2nd Qrtr 2012 % Chg 2013 YTD 2012 YTD % Chg
# Active 115 125 ‐8% 110 4% 115 110 4%
# New 73 77 ‐5% 63 15% 150 123 21%
# Sold 39 35 11% 36 8% 74 58 27%
Absorption Rate 11.9 13.49 ‐11% 11.09 7% 13.05 10.59 23%
Average List Price $180,968 $161,125 12% $181,165 ‐.11% $160,516 $169,133 ‐5%
Median List Price $159,000 $139,900 13% $149,000 7% $139,700 $138,900 .57%
Average Sale Price $115,716 $109,448 6% $131,195 ‐12% $112,751 $132,604 ‐15%
Median Sale Price $121,500 $112,000 8% $125,950 ‐4% $113,500 $125,950 ‐9%
Total Sold Volume $4,512,922 $3,830,712 17% $4,723,032 ‐4% $8,343,634 $7,691,082 8%
Month/Year Active Listings
Active Avg List Price
Avg Active Price Change
Avg Active Price Change %
Active Median List Price
Absorption Rate
Months Inventory
Apr‐13 123 $179,768 $‐19,726 ‐10.01% $159,000 12.41 8.07
May‐13 124 $177,902 $‐20,303 ‐9.39% $163,900 11.8 13.44
June‐13 115 $1180,756 $‐21,216 ‐8.42% $159,000 11.9 7.67
BakerCounty2ndQuarter2013ResidentialStatisticsBaker County’s real estate activity for 2nd quarter 2013 reflects a steady and strong market. 2nd quarter 2013 as compared to 2nd quarter 2012, shows an increase in the number of Active, New and Sold listings. While the Average Sales Price for Solds is down ‐12% the overall Sold Volume was only impacted by ‐4%. The Absorption Rate (how long the current inventory of properties would last at the current rate of sales) in conjunction with the Months of Inventory for Baker County reflects a BUYER’S MARKET for 2ND quarter 2013.
Economically, the unemployment rate in Baker County is projected to be 6.4% for May 2013 (Bureau of Labor Statistics) 1.3% lower than May 2012. There have been no residential building permits issued for the county in 2nd quarter 2013 (per Metro Market Trends).
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Month/Year New
Listings New Avg List Price
New Median List Price
Pended Listings
Pended Avg List Price
Pended Median List Price
Apr‐13 30 $177,164 $149,500 20 $114,148 $117,950
May‐13 25 $185,218 $149,900 14 $152,714 $126,300
June‐13 18 $144,216 $133,700 13 $161,338 $162,000
Month/Year Sold
Listings Sold Avg List Price
Sold Avg Sale Price
Sold Median List Price
Sold Median Sale Price
Sale to List Price Ratio
Average DOM
# Distressed Sales
Apr‐13 15 $75,897 $75,896 $68,900 $57,000 92.1% 99.5 9
May‐13 9 $122,377 $114,445 $114,900 $114,900 90.7% 216.6 4
June‐13 15 $165,513 $156,298 $136,000 $135,000 91.9% 90.5 5
Lis Pendens Single Family 2nd Qrtr 2013 2nd Qrtr 2012 % Chg
April 6 16 ‐62%
May 7 19 ‐31%
June 5 13 ‐31%
BakerCounty2ndQuarter2013 ResidentialStatisticscontinuedFor 2nd quarter 2013, the highest number of Sold properties in Baker County was in the $120,000‐$140,000 range with the fastest growing segment in the $140,000‐$160,000 range.
Likewise, the highest number of Active listings for the quarter was in the $300,000‐$400,000 price range. The fastest growing segment was in the $140,000‐$160,000 market.
The number of Distressed Sales in Baker County for 2nd quarter 2013 accounts for 46% of its total sales. This is slightly lower than 2nd quarter 2012 which had 53% of sales being distressed. Lis Pendens for Single Family structures in Baker County are steadily decreasing by a range of ‐31% to ‐62% as compared to same quarter in 2012
Source: Metro Market Trends
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Statistic 2nd Qrtr 2013 1st Qrtr 2013 % Chg
2nd Qrtr 2012
% Chg 2013 YTD 2012 YTD
% Chg
# Active 1151 1030 12% 1441 ‐20% 1151 1441 ‐20%
# New 1148 1010 13% 918 25% 2164 1796 20%
# Sold 718 554 29% 550 30% 1299 1004 29%
Absorption Rate 5.47 5.72 ‐4% 8.15 33% 5.85 7.81 ‐25%
Average List Price $251,673 $207,943 21% $207,740 21% $203,719 $192,762 6%
Median List Price $190,075 $155,000 22% $149,900 27% $160,000 $149,900 7%
Average Sale Price $159,227 $149,036 7% $162,992 ‐2% $158,647 $156,246 1.5%
Median Sale Price $137,000 $136,000 1% $147,750 ‐7% $138,990 $140,000 ‐1%
Total Sold Volume $120,407,937 $85,675,458 40% $89,645,466 34% $206,083,395 $156,871,446 31%
Month/Year Active Listings
Active Avg List Price
Avg Active Price Change
Avg Active Price Change %
Active Median List Price
Absorption Rate
Months Inventory
Apr‐13 1125 $233,985 ‐$15,737 ‐6.73% $177,900 5.77 4.75
May‐13 1095 $245,692 ‐$14,313 ‐6.16% $184,999 5.4 4.33
June‐13 1151 $251,673 ‐$15,841 ‐6.54% $190,075 5.47 5
ClayCounty2ndQuarter2013ResidentialStatistics
2nd quarter 2013 for Clay County shows a very strong real estate market with upward moving trends. Inventory is picking up compared to 1st quarter 2013, however is ‐20% less than the same time frame in 2012. Average Sales Prices are holding steady when compared to 1st quarter 2013 and only a slight decrease of ‐2% compared to 2nd quarter 2012. The Absorption Rate (how long the current inventory of properties would last at the current rate of sales) and the Months of Inventory has Clay County in a SELLER’S MARKET. Economically, the unemployment rate in Clay County is projected to be 5.8% for May 2013 which is ‐3.1% less than May 2012 (US Bureau of Labor Statistics). There has been a surge of building permits for the 2nd quarter 2013 by a 90% increase as compared to 2nd Quarter 2012 (per Metro Market Trends).
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Month/Year New
Listings New Avg List Price
New Median List Price
Pended Listings
Pended Avg List Price
Pended Median List Price
Apr‐13 392 $192,047 $165,000 293 $171,248 $145,000
May‐13 364 $212,442 $159,900 289 $157,628 $142,900
June‐13 389 $200,169 $182,000 184 $178,873 $159,450
Month/Year Sold
Listings Sold Avg List Price
Sold Avg Sale Price
Sold Median List Price
Sold Median Sale Price
Sale to List Price Ratio
Average DOM
# Distressed
Sales
Apr‐13 237 $171,974 $167,380 $149,000 $145,000 98% 89.4 81
May‐13 251 $173,594 $168,745 $139,900 $137,500 97.2% 95 92
June‐13 230 $163,775 $159,227 $139,950 $137,000 97.5% 66 81
Lis Pendens Single Family 2nd Qrtr 2013 2nd Qrtr 2012 % Chg
April 130 189 ‐31%
May 161 208 ‐22%
June 132 198 ‐33%
ClayCounty2ndQuarter2013 ResidentialStatisticscontinued
In Clay County, homes in the $140,000‐$160,000 sold price range were the highest in number of sales for 2nd quarter 2013. The greatest growth in sales was in the $90,000‐$100,000 range.
Likewise, the highest number of Active listings in Clay County was in the $200,000‐$250,000 list price range for 2nd quarter 2013 with the fastest growing segment in the $300,000‐$400,000 range.
Distressed Sales from this quarter accounted for 35% of the total quarterly sales transaction, this is only slightly lower than the 40% number reflected in 2nd quarter 2012. Lis Pendens for single family structures in Clay County are showing a decrease for the same time frame last year ranging from ‐22% to ‐33%.
Source:
Metro Market Trends
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Month/Year Active Listings
Active Avg List Price
Avg Active Price Change
Avg Active Price Change %
Active Median List Price
Absorption Rate
Months Inventory
Apr‐13 3971 $255,925 $‐25,080 ‐9.24% $150,450 4.87 3.92
May‐13 3814 $265,142 $‐26,025 ‐8.84% $150,900 4.53 3.43
June‐13 3674 $274,043 ‐$24,280 ‐8.41% $165,000 4.36 3.75
Statistic 2nd Qrtr 2013 1st Qrtr 2013 % Chg 2nd Qrtr 2012
% Chg 2013 YTD 2012 YTD
% Chg
# Active 3674 3712 ‐1% 5073 ‐28% 3674 5073 ‐28%
Total # New 4113 3834 7% 3414 20% 7974 6986 14%
Total # Sold 3075 3192 ‐3% 2413 27% 5493 4436 24%
Absorption Rate 4.36 4.9 ‐11% 7.13 ‐39% 4.93 7.48 ‐34%
Average List Price $274,042 $216,407 27% $215,670 27% $211,992 $215,670 ‐2%
Median List Price $165,000 $139,900 18% $125,000 32% $144,900 $125,000 16%
Average Sale Price $186,351 $154,862 20% $159,384 17% $168,401 $172,726 ‐3%
Median Sale Price $150,000 $125,000 20% $121,000 24% $135,961 $128,875 5%
Total Sold Volume $552,590,298 $374,257,130 48% $384,592,623 44% $926,847,428 $668,856,481 39%
DuvalCounty2ndQuarter2013ResidentialStatisticsDuval County’s 2nd quarter 2013 statistics are reflecting a trend towards a strong real estate market. The number of Active listings is down ‐28% compared to 2nd quarter 2012, while the number of Sold Transactions increased by 27%. Average Sales Prices are up 17% when comparing the two quarters year over year. The Absorption Rates (how long the current inventory of properties would last at the current rate of sales) along with the Months of Inventory places Duval County in a Seller’s Market for 2nd quarter 2013.
Economically, the unemployment rate projected for May 2013 of 7% in Duval County is ‐3.2% lower than May 2012 (U.S. Bureau of Labor Statistics). Single Family building permits for the county have increased by 56% over the same time frame last year indicating more new home growth for the county (per Metro Market Trends).
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Month/Year New
Listings New Avg List Price
New Median List Price
Pended Listings
Pended Avg List Price
Pended Median List Price
Apr‐13 1362 $205,615 $147,000 1210 $177,427 $177,427
May‐13 1337 $216,706 $150,000 1164 $176,562 $176,562
June‐13 1416 $212,964 $159,945 1092 $180,503 $138,900
Month/Year Sold
Listings Sold Avg List Price
Sold Avg Sale Price
Sold Median List Price
Sold Median Sale Price
Sale to List Price Ratio
Average DOM
# Distressed Sales
Apr‐13 995 $182,467 $174,837 $140,000 $137,750 95.9% 95.3 378
May‐13 1101 $184,697 $176,643 $149,945 $145,000 96.8% 87.8 388
June‐13 979 $193,541 $186,531 $154,900 $150,000 97.2 78.8 337
Lis Pendens Single Family 2nd Qrtr 2013 2nd Qrtr 2012 % Chg
April 777 942 ‐17%
May 833 672 23%
June 678 978 ‐31%
DuvalCounty2ndQuarter2013ResidentialStatisticscontinuedIn Duval County, homes in the $200,000‐$250,000 sales price range accounted for the highest number of Sales with the $120,000‐$140,000 range accounting for the largest growth in 2nd quarter 2013.
Likewise, the $200,000‐$250,000 price range accounts for the most number of Active listings and the $250,000‐$300,000 range reflected the highest in growth for this quarter.
There is an up and down trend in the number of recorded Lis Pendens for Single Family structures in Duval County but the quarter ended strong with a reduction of ‐31% over June 2012. 36% of Sold transactions for 2nd quarter 2013 were considered distress sales in Duval County which was only slightly lower than 2nd quarter 2012 of 41%.
Source:
Metro Market Trends
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Statistic 2nd Qrtr 2013
1st Qrtr 2013 % Chg
2nd Qrtr 2012
% Chg 2013 YTD 2012 YTD % Chg
# Active 284 305 ‐7% 325 ‐13% 284 325 ‐13%
# New 207 195 6% 172 205 404 369 9%
# Sold 147 116 26% 104 41% 267 199 34%
Absorption Rate 7.89 9.4 ‐16% 9.75 ‐19% 9.06 10.19 ‐11%
Average List Price $354,829 $275,456 28% $281,902 25% $269,062 $252,995 6%
Median List Price $209,950 $189,900 10% $184,158 14% $185,990 $174,900 6%
Average Sale Price $201,140 $159,794 25% $165,207 22% $166,113 $166,111 .001%
Median Sale Price $178,450 $152,000 17% $151,000 18% $152,000 $152,000 0%
Total Sold Volume $28,282,657 $19,087,601 48% $17,181,490 65% $47,370,258 $33,056,145 43%
Month/Year Active Listings
Active Avg List Price
Avg Active Price Change
Avg Active Price Change %
Active Median List Price
Absorption Rate
Months Inventory
Apr‐13 301 $336,795 $‐33,913 ‐6.17% $208,995 8.71 6.58
May‐13 290 $351,901 $‐34,672 ‐5.81% $220,000 8.07 6.2
June‐13 284 $354,830 $‐33,925 ‐6.34% $209,950 7.89 5.48
NassauCounty2ndQuarter2013ResidentialStatisticsBased upon NEFMLS statistical data, 2nd quarter 2013 in Nassau County shows a decrease in Active inventory by ‐13%compared to 2nd quarter 2012. There was a substantial increase of 41% in number Sold and an increase in Average Sale Price by 22% compared to the same timeframe last year.
The Absorption Rate (how long the current inventory of properties would last at the current rate of sales) and Months of Inventory indicate that Nassau County is in a NEUTRAL MARKET which is ideal for both sellers and buyers.
Economically, the unemployment rate in Nassau County is projected to be 5.5% for May 2013 which indicates a decline of 3.4% over May 2012 (U.S. Bureau of Labor Statistics). Requested Building Permits of 146 almost tripled compared to 53 in 2nd Quarter 2012 (per Metro Market Trends) indicating new growth.
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Month/Year New
Listings New Avg List Price
New Median List Price
Pended Listings
Pended Avg List Price
Pended Median List Price
Apr‐13 66 $266,661 $195,390 63 $200,194 $175,000
May‐13 55 $264,449 $206,000 50 $220,791 $188,562
June‐13 86 $207,233 $179,900 50 $205,572 $179,945
Month/Year Sold
Listings Sold Avg List Price
Sold Avg Sale Price
Sold Median List Price
Sold Median Sale Price
Sale to List Price Ratio
Average DOM
# Distressed Sales
Apr‐13 46 $190,475 $191,707 $174,900 $175,000 95.5% 126 22
May‐13 49 $184,929 4186,228 $171,495 $162,500 96.7% 160 18
June‐13 52 $201,141 $201,140 $178,881 $178,450 96.4% 107 17
Lis Pendens Single Family 2nd Qrtr 2013 2nd Qrtr 2012 % Chg
April 32 50 ‐36%
May 10 52 ‐80%
June 33 38 ‐13%
NassauCounty2ndQuarter2013ResidentialStatisticscontinued2nd quarter 2013 in Nassau County, shows the highest number of Sold transactions in the $300,000‐$400,000 price range while the fastest growing segment was in the $250,000‐$300,000 range.
Likewise, the majority of Active listings for the quarter was in the $200,000‐$250,000 market with the fastest growing price range in the $750,000‐ $1 million range.
Distressed Sales accounted for 39% of the quarterly sold for 2nd Quarter 2013 which was the same as 2nd quarter 2012. The number of Lis Pendens recorded for the quarter is decreasing by a range of ‐18% to ‐80%.
Source:
Metro Market Trends
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Month/Year Active Listings
Active Avg List Price
Avg Active Price Change
Avg Active Price Change %
Active Median List Price
Absorption Rate
Months Inventory
Apr‐13 724 $151,177 $‐25,748 ‐15.07% $89,900 16.47 15.28
May‐13 743 $152,796 $‐25,064 ‐14.54% $89,900 16.96 18.38
June‐13 717 $154,860 $‐22,865 ‐14.33% $87,500 16.67 13.28
Statistic 2nd Qrtr 2013
1st Qrtr 2013
% Chg
2nd Qrtr 2012
% Chg 2013 YTD 2012 YTD
% Chg
# Active 717 708 1% 777 ‐8% 717 777 ‐7%
# New 313 294 6% 287 9% 609 605 1%
# Sold 142 157 ‐10% 135 5% 347 285 22%
Absorption Rate 16.67 18.13 ‐8% 20.67 ‐19% 17.68 20.34 ‐13%
Average List Price $154,860 $143,421 8% $148,613 4% $139,843 $133,974 4%
Median List Price $87,500 $84,900 3% $84,900 3% $79,900 $79,900 0%
Average Sale Price $85,618 $83,902 2% $74,603 15% $84,768 $74,671 13%
Median Sale Price $55,720 $49,900 12% $49,000 14% $54,000 $51,800 4%
Total Sold Volume $12,157,758 $13,357,687 ‐9% $10,071,385 21% $25,515,445 $18,443,745 38%
PutnamCounty2ndQuarter2013ResidentialStatistics
2nd quarter 2013 statistics for Putnam County reflects a strong market as compared to 2nd quarter 2012. The numbers show an increase in the number of Sales by 5% as well as a 15% increase in Average Sales Price.
Both the Absorption Rate (how long the current inventory of properties would last at the current rate of sales) and the Months of Inventory places Putnam County in a “BUYER’S” market for 2nd Quarter 2013.
Economically, the unemployment rate of 9.2% for May 2013 is slightly less than the 10.2% in May 2012 (US Bureau of Labor Statistics). Building permits for Putnam County have declined by ‐43% when compared to this same time last year (Per Metro Market Trends).
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Month/Year New
Listings New Avg List Price
New Median List Price
Pended Listings
Pended Avg List Price
Pended Median List Price
Apr‐13 106 $128,885 $72,325 48 $74,111 $57,900
May‐13 109 $121,232 $72,900 56 $92,913 $58,200
June‐13 97 $165,139 $92,500 61 $98,970 $69,900
Month/Year Sold
Listings Sold Avg List Price
Sold Avg Sale Price
Sold Median List Price
Sold Median Sale Price
Sale to List Price Ratio
Average DOM
# Distressed Sales
Apr‐13 48 $71,890 $65,475 $49,750 $44,500 88.6 164 17
May‐13 40 $109,652 $98,508 $77,350 $42,000 88.5 174 10
June‐13 54 $109,068 $93,975 $65,700 $62,000 90.2 181 22
Lis Pendens Single Family 2nd Qrtr 2013 2nd Qrtr 2012 % Chg
April 38 56 ‐32%
May 43 42 2%
June 62 56 ‐9%
PutnamCounty2ndQuarter2013 ResidentialStatisticscontinued
2nd quarter 2013 in Putnam County recorded the $20,000‐$30,000 price range with the highest number of Sold transactions and the highest growth rate in the $160,000‐$180,000 and $180,000‐$200,000 segments.
Likewise, the highest number of Active listings was in the $50,000‐$60,000 segment with the fastest growing in the $750,000‐$1 million+ sector.
The number of recorded Lis Pendens for Single Family structures in Putnam County fluctuated ranging from an increase of 2% to a decrease of ‐32%. The number of distressed sales accounted for 34% of quarterly sales for Putnam County in 2nd quarter 2013, slightly higher than the 29% for 2nd Quarter 2012.
Source:
Metro Market Trends
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Statistic 2nd Qrtr 2013 1st Qrtr 2013 % Chg 2nd Qrtr 2012
% Chg 2013 YTD 2012 YTD
% Chg
# Active 1399 1420 ‐2% 1782 ‐22% 1397 1782 ‐22%
# New 1465 1242 18% 1211 21% 1465 2528 ‐42%
# Sold 1088 768 41% 901 20% 1086 1490 ‐27%
Absorption Rate 4.69 5.16 ‐9% 7.55 ‐38% 5.11 7.9 ‐35%
Average List Price $553,099 $453,017 22% $488,291 13% $434,996 $422,244 3%
Median List Price $349,000 $299,900 16% $299,000 17% $299,000 $275,000 9%
Average Sale Price $339,607 $292,366 16% $327,947 4% $317,402 $314,833 1%
Median Sale Price $261,500 $239,995 9% $240,700 8% $250,996 $240,000 5%
Total Sold Volume $365,718,915 $233,834,966 56% $295,618,054 24% $599,553,881 $469,239,058 28%
Month/Year Active Listings
Active Avg List Price
Avg Active Price Change
Avg Active Price Change %
Active Median List Price
Absorption Rate
Months Inventory
Apr‐13 1484 $513,695 $‐32,154 ‐3.66% $344,900 5.18 4.29
May‐13 1424 $539,998 $‐32,723 ‐3.66% $349,900 4.88 3.77
June‐13 1399 $551,582 $‐32,973 ‐3.67% $349,900 4.69 3.81
St.JohnsCounty2ndQuarter2013ResidentialStatisticsSt. Johns County 2nd quarter 2013 statistics from the NEFMLS system shows a strong real estate market. While Active inventory is down by ‐22% compared to 2nd quarter 2012, the number of Solds has increased by 20%. The Average Sales price also increased by 8% comparing the two quarters year over year. The Absorption Rate (how long the current inventory of properties would last at the current rate of sales) along with the Months of Inventory places St. Johns County in a SELLER’S MARET for the 2nd quarter of 2013. Economically, the unemployment rate in St. Johns County is projected to be 5.5% for May 2013, ‐1.3% less than May 2012 (US Bureau of Labor Statics). Building permits for 2nd Quarter 2013 have increased by 60% as compared to 2nd Quarter 2012 (per Metro Market Trends) indicating continued growth.
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Month/Year New
Listings New Avg List Price
New Median List Price
Pended Listings
Pended Avg List Price
Pended Median List Price
Apr‐13 532 $444,421 $308,975 438 $340,924 $269,900
May‐13 474 $413,882 $299,000 371 $340,289 $275,000
June‐13 458 $377,974 $289,390 417 $344,505 $277,855
Month/Year Sold
Listings Sold Avg List Price
Sold Avg Sale Price
Sold Median List
Price Sold Median Sale Price
Sale to List Price Ratio
Average DOM
# Distressed
Sales
Apr‐13 344 $353,650 $337,045 $264,495 $254,605 97.1% 114.7 66
May‐13 376 $347,601 $332,927 $279,900 $275,000 97.1% 92.2 69
June‐13 368 $354,290 $339,251 $274,245 $261,500 96.7% 96.1 70
Lis Pendens Single Family 2nd Qrtr 2013 2nd Qrtr 2012 % Chg
April 93 184 ‐49%
May 135 183 ‐26%
June 110 167 ‐34%
St.JohnsCounty2ndQuarter2013ResidentialStatisticscontinuedSt. Johns County’s 2nd quarter 2013 had the highest number of sold transactions in the $200,000‐$250,000 range with the most growth in the $90,000‐$100,000 segment.
Likewise, the highest number of Active listings fell in the $300,000‐$400,000 market, with the highest growth price range in the $20,000‐$30,000 segment for the 2nd quarter 2013.
St. Johns County’s recorded Lis Pendens for Single Family structures continues to decline ranging between ‐26% and ‐49% during the 2nd Quarter of 2013 compared to the same time frame last year. Distressed sales account for 19% of the total quarterly sales for St. Johns County which was a slight drop of ‐3% compared to 2nd Quarter 2012.
Source:
Metro Market Trends