Residential properties for sale on Amelia Island and the surrounding areas while offering information regarding home sales, market conditions and real estate related articles. Also providing a information on Bank owned properties and REO selection. John Holbrook 904-415-0171 & Partners
Thursday, April 11, 2013
Northeast Florida Report
Jacksonville, FL – Buyers Don’t Want to Miss the Boat on Prices and Rates
Source: Credit Suisse; Census Bureau
(4,582 single-family permits in 2012, 23rd largest market in the country)
Comments from Real Estate Agents:
• “Low mortgage rates and inventory as well as the perception
that prices are increasing. Multiple offers on most
properties.”
• “It is insanely busy, multiple offers galore, feels like a feeding
frenzy. Buyers want to buy.”
• “Feeling that prices are on the rise.”
• “Appraisals seem to be more in line with the market.”
• “Pent-up demand.”
Our Take:
• Our buyer traffic index slipped to 67 in March from 69 in
February, but remained at levels above agents’ expectations
(any reading above 50). Agents continue to note better
demand as buyers don’t want to miss the boat on low prices
and rates.
• Home prices continued to increase (the seventh consecutive
month), as our home price index increased to 92 in from 88.
• Our home listings index came in at 83, and our time to sell
index came in at 92, both far above neutral levels and positive
for pricing in the coming months..
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida
Cell: 904-415-0171 Email: holbrook66@msn.com Web:
www.johnholbrook.blogspot.com
www.jholbrook.ameliaislandrealestatelistings.com
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