2014 Northeast Florida Housing Market Report

23 01 2015

The 2014 Annual Report on the Northeast Florida Housing Market is out.  The sales price and inventory showed improvement but the market recovery was not as strong as in 2013.  We saw moderate inventory gains.

Overall, pending sales increased 10.3 percent. That’s the 5th consecutive year of sales gains. Median Sales Price of single-family homes were up 3.0 percent while condos and townhouses increased 4.8 percent.

In almost every community, foreclosure and short sale activity is declining and is near multi-year lows.

In 2015, watch for stronger seller activity to increase inventory levels.

The report is available for download at http://www.nefar.com/filebin/2014MktStatsAnnlRpt.pdf





Northeast Florida Homebuilding Continues to Rise

16 01 2014

Homebuilding in Northeast Florida continued its upward trend in 2013, with builders in Duval, Clay, St. Johns and Nassau counties pulling nearly 6,000.

Builders in the four counties pulled a combined 5,971 permits, just shy of 2007’s 6,830 permits. The market peaked in 2005, when builders pulled 17,753 permits.

In addition to creating construction jobs, homebuilding is a bellwether for the region’s economy. The upswing — 1,700 more permits than 2012, and practically double permits pulled in 2009, 2010 and 2011 — means that more people are able to afford a home and mortgage, and that they are confident in the economy and real estate market.

As has been the case since 2011, St. Johns County led the region, with builders in that count pulling a total of 2,721 permits.

Builders in Duval pulled 1,907; and there were 900 pulled in Clay, and 443 in Nassau.

Source: Jacksonville Business Journal








%d bloggers like this: