• About

  
  
  • Krista Fracke PA
    RE/MAX Coastal Real Estate
    50 A1A North
    Ponte Vedra Beach, FL 32082
    904.333.8595
  • Licensed Florida REALTOR

• Recently Written

  • Foreclosure Part III - Jacksonville FHA and VA Homes
  • Foreclosure Part II - Jacksonville REO
  • How to Buy Jacksonville Foreclosure Homes
  • New Ponte Vedra Oceanfront Home Search
  • Microsoft Calls and Asks Me to Pay for Their Mistake
  • Waterfront properties in hot demand
  • Selling your home during a holiday period
  • Condo extras offer a different kind of lifestyle
  • Oakbrook homes available soon
  • Winter 2007 completion date set for “The Strand”

• Categories

  • Foreclosure | REO
  • Jacksonville Beach Condos
  • Jacksonville Condos
  • Jacksonville Homes
  • Jacksonville property development
  • Jacksonville property values
  • Jacksonville Townhomes
  • Mortgage Q & A
  • Mortgage Rates
  • Ponte Vedra Beach
  • Uncategorized

• Tags

  FHA Homes Jacksonville REO VA

• Archives

  • August 2007
  • May 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • February 2006
  • January 2006
  • December 2005
  • November 2005
  • October 2005
  • September 2005
  • August 2005
  • July 2005
  • June 2005
  • May 2005
  • April 2005
  • March 2005
  • February 2005
  • January 2005
  • December 2004
  • November 2004
  • October 2004

• Blogroll

  • Curbed
  • NY Times
  • Seattle Rain

• Search

ORLANDO, Fla., Aug. 15, 2005 — Sales of single-family existing homes in Florida rose 4 percent in second quarter 2005 compared to the same time last year, according to the Florida Association of Realtors® (FAR). Statewide, a total of 74,317 homes changed hands during the three-month period; in second quarter 2004, a total of 71,724 homes sold.

The statewide median sales price for the second quarter rose 29 percent to $233,600; a year ago, it was $180,700, according to FAR. In June, the national median price of an existing single-family home was $218,600, up 14.5 percent from a year ago. The median is a typical market price where half of the units sold for more and half sold for less.

Continued low mortgage rates encouraged would-be buyers to make decisions quickly and helped boost demand. While still tight, inventory levels of homes available for sale in many markets appear to be on the rise, reported Realtors across the state.

Interest rates for a 30-year, fixed-rate mortgage averaged 5.72 percent during the second quarter, a notable drop from the 6.13 percent average reported during the second quarter of 2004.

Among the state’s larger markets, the Miami metropolitan statistical area (MSA) had a total of 3,721 homes sold during second quarter 2005 compared to 3,702 homes during the same period a year ago for a 1 percent increase. The median sales price rose 29 percent to $351,000; a year ago, it was $271,900.

Jay Chernoff, chairman of the Realtor Association of Greater Miami and the Beaches and district sales manager with Keyes Company Realtors in Aventura notes that the strong business economy in the Miami area is a major influence on home sales. “Our location also draws buyers,” he says. “With Fort Lauderdale nearby, there are two seaports and two major airports very close together in this area, which makes it very attractive.”

Also reporting robust sales among the state’s larger markets during the second quarter compared to the same time last year were: Tampa-St. Petersburg-Clearwater, where 15,817 homes changed hands for a 24 percent gain; and Jacksonville, where 5,022 homes sold for a 6 percent increase. The median sales price also rose in those markets compared to a year ago: in Tampa-St. Petersburg-Clearwater, 27 percent to $195,300; and in Jacksonville, 14 percent to $187,300.

Tallahassee, one of the state’s smaller markets, reported a double-digit increase in existing home sales during the second quarter, with a total of 1,480 homes sold compared to 1,244 homes a year ago for a 19 percent gain. The median sales price of those homes rose 9 percent to $163,300; a year ago, it was $150,200.

Buyers want to take advantage of the still-low mortgage rates, says Mike Ferrie, president of the Tallahassee Board of Realtors and sales associate with Blue Chip Realty Inc. in Tallahassee. “The Tallahassee area has a lot to offer,” he says. “Our economy tends to be stable with a strong growth potential for jobs from our universities, community college, state government and hospitals.”

Other smaller markets showing strong resales activity during the second quarter of this year compared to a year ago include: Gainesville, where 1,297 homes sold for a 26 percent boost; and Ocala, where 1,743 homes changed hands for a 9 percent gain. The median sales price also rose in those markets: in Ocala, 21 percent to $135,600; and in Gainesville, 7 percent to $176,400.

A chart showing statistics for Florida and its 20 MSAs is available by clicking here. The chart compares the volume of existing single-family home sales and median sales prices in second quarter 2005 to second quarter 2004, based on Realtor transactions.

The Florida Association of Realtors, the voice for real estate in Florida, provides programs, services, continuing education, research and legislative representation to its more than 130,000 members in 68 boards/associations.

© 2005 FLORIDA ASSOCIATION OF REALTORS

It benefited the Duval County School board when they moved in in 1981. 25 years later, it could benefit them again.

The School board property, located on 4 acres of land and covering 115,000 square feet, on the south bank of the St Johns River was a major boom for the area back in ‘81. Now today private developers have their eye on the property with plans for high-rise residences. The property next door to the school board collected $40 million. That has got some people thinking that the school board property could also bring in such a high sum.

The building has been bought and paid for already so since they pay no rent on it now, any deal could be extremely beneficial for them.
http://tinyurl.com/fj9z3
(Registration is required to view stories at jacksonville.com)

Here are the recent condo sales in the Ironwood, Oxford Chase, Clifton Village, Brightwater, and Drayton Park. The square footage is as reported by the MLS. Contact me for more information on these sales.

Ironwood- Sold Date: 7/5/2005 A 3 bedroom and 3 bath home, with 1682 square feet. $170,990 The listing brokerage is Non Mls and MLS#258362
Price: $170,990

Oxford Chase- Sold Date: 7/6/2005 A 3 bedroom and 3 bath home, with 1858 square feet. $263,000 The listing brokerage is Watson Realty Corp and MLS#244098
Price: $260,000

Clifton Village- Sold Date: 7/12/2005 A 3 bedroom and 3 bath home, with 1440 square feet. $194,210 The listing brokerage is Non Mls and MLS#252555
Price: $197,100

Brightwater- Sold Date: 7/14/2005 A 2 bedroom and 3 bath home, with 1608 square feet. $195,000 The listing brokerage is Watson Realty Corp and MLS#245653
Price: $189,000

Clifton Village- Sold Date: 7/15/2005 A 3 bedroom and 3 bath home, with 1440 square feet. $219,000 The listing brokerage is Assist2sell Buyers And Sellers and MLS#243991
Price: $210,000

Oxford Chase- Sold Date: 7/15/2005 A 3 bedroom and 3 bath home, with 1858 square feet. $259,900 The listing brokerage is Re/Max Coastal Real Estate and MLS#243045
Price: $259,000

Clifton Village- Sold Date: 7/18/2005 A 3 bedroom and 3 bath home, with 1400 square feet. $188,622 The listing brokerage is Non Mls and MLS#253390
Price: $188,622

Clifton Village- Sold Date: 7/18/2005 A 3 bedroom and 3 bath home, with 1514 square feet. $199,890 The listing brokerage is Non Mls and MLS#252578
Price: $199,890

Clifton Village- Sold Date: 7/25/2005 A 3 bedroom and 3 bath home, with 1514 square feet. $195,810 The listing brokerage is Non Mls and MLS#253760
Price: $195,810

Brightwater- Sold Date: 7/27/2005 A 2 bedroom and 3 bath home, with 1608 square feet. $198,000 The listing brokerage is Watson Realty Corp and MLS#246016
Price: $195,000

Clifton Village- Sold Date: 7/27/2005 A 3 bedroom and 3 bath home, with 1440 square feet. $186,790 The listing brokerage is Pulte Realty Inc. and MLS#240480
Price: $186,790

Drayton Park- Sold Date: 7/27/2005 A 3 bedroom and 3 bath home, with 1708 square feet. $203,900 The listing brokerage is Watson Realty Corp and MLS#248767
Price: $203,000

Drayton Park- Sold Date: 7/29/2005 A 3 bedroom and 3 bath home, with 1682 square feet. $199,900 The listing brokerage is Watson Realty Corp and MLS#247974
Price: $198,900

Here are the recent condo sales in the Overlook, Stonebridge, Reserve at Point Meadows, Grand Reserve, Point Meadows, Il Villagio, Marsh Landing, Belleza, and The Palms. The square footage is as reported by the MLS. Contact me for more information on these sales.

The Palms- Sold Date: 7/6/2005 A 3 bedroom and 2 bath home, with 1413 square feet. $229,900 The listing brokerage is Re/Max Specialists and MLS#236010
Price: $231,400

Point Meadows Place- Sold Date: 7/8/2005 A 2 bedroom and 2 bath home, with 1456 square feet. $182,400 The listing brokerage is Non Mls and MLS#251577
Price: $182,400

Grand Reserve- Sold Date: 7/8/2005 A 2 bedroom and 1 bath home, with 1078 square feet. $169,900 The listing brokerage is Watson Realty Corp and MLS#241331
Price: $164,000

Stonebridge- Sold Date: 7/11/2005 A 3 bedroom and 2 bath home, with 1206 square feet. $159,900 The listing brokerage is Coldwell Banker Walter Williams Realty and MLS#243846
Price: $155,000

Grand Reserve- Sold Date: 7/12/2005 A 3 bedroom and 2 bath home, with 1428 square feet. $189,900 The listing brokerage is Watson Realty Corp and MLS#244937
Price: $185,000

Grand Reserve- Sold Date: 7/15/2005 A 3 bedroom and 2 bath home, with 1732 square feet. $215,000 The listing brokerage is Premier Coast Realty, Inc and MLS#246902
Price: $215,000

Il Villagio- Sold Date: 7/15/2005 A 3 bedroom and 2 bath home, with 1734 square feet. $315,000 The listing brokerage is Watson Realty Corp and MLS#232887
Price: $310,000

The Palms - Sold Date: 7/15/2005 A 1 bedroom and 1 bath home, with 842 square feet. $155,000 The listing brokerage is Prudential Network Realty and MLS#245725
Price: $155,000

The Palms - Sold Date: 7/18/2005 A 1 bedroom and 1 bath home, with 842 square feet. $152,000 The listing brokerage is Horizon Properties Incorporated and MLS#249376
Price: $152,000

The Palms- Sold Date: 7/18/2005 A 3 bedroom and 2 bath home, with 1413 square feet. $248,000 The listing brokerage is Prudential Network Realty and MLS#239621
Price: $248,000

Point Meadows Place- Sold Date: 7/21/2005 A 2 bedroom and 2 bath home, with 1200 square feet. $177,900 The listing brokerage is Non Mls and MLS#253844
Price: $177,900

Grand Reserve- Sold Date: 7/21/2005 A 2 bedroom and 2 bath home, with 1212 square feet. $171,900 The listing brokerage is Prudential Network Realty and MLS#246626
Price: $169,000

Grand Reserve- Sold Date: 7/22/2005 A 3 bedroom and 2 bath home, with 1428 square feet. $199,900 The listing brokerage is Watson Realty Corp and MLS#245354
Price: $199,000

Grand Reserve- Sold Date: 7/22/2005 A 2 bedroom and 2 bath home, with 1138 square feet. $158,900 The listing brokerage is Watson Realty Corp and MLS#238451
Price: $155,000

Grand Reserve- Sold Date: 7/25/2005 A 3 bedroom and 2 bath home, with 1428 square feet. $203,900 The listing brokerage is Prudential Network Realty and MLS#247152
Price: $198,000

Stonebridge- Sold Date: 7/28/2005 A 2 bedroom and 2 bath home, with 1050 square feet. $149,900 The listing brokerage is Re/Max Coastal Real Estate and MLS#245346
Price: $149,000

Point Meadows Place- Sold Date: 7/28/2005 A 3 bedroom and 2 bath home, with 1412 square feet. $174,900 The listing brokerage is Coldwell Banker Walter Williams Realty and MLS#245698
Price: $172,000