Jacksonville Real Estate Blog Sep
30
St. Johns River could get a makeover
Filed Under Jacksonville Condos, Jacksonville property development | Leave a Comment
A plan to put up three condo towers on the St Johns River came up before the Design Review Committee recently, a plan which was greeted with lots of enthusiasm by the committee members.
Little wonder since the plan, called St Johns Point, also involves 840 luxury condo units, a little over 100,000 square feet of retail space, 115,000 square feet of office space and even room for two restaurants. What is there to not get enthusiastic about? The plan evokes huge ambitions and a new look for the St Johns River.
The towers will rise at least 30 stories high and also thrown in will be boat slips and parking decks.
The company who originally pitched the proposal no longer has a controlling interest. That now belongs to Michigan-based Crosswinds Communities who refused to reveal the purchase price but the land is independently valued at $40 million.
It’s been indicated that the original development cost estimates of $234 million will probably end up increasing.
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Sep
27
Florida’s Home Sales, Median Price Show Gains in August
Filed Under Jacksonville Beach Condos, Jacksonville Condos, Jacksonville Homes, Jacksonville Townhomes, Ponte Vedra Beach | Leave a Comment
ORLANDO, Fla., Sept. 26, 2005 — Sales of single-family existing homes in Florida rose 4 percent in August, following a dip in statewide resales activity reported for each of the previous two months, according to the Florida Association of Realtors® (FAR). Statewide, a total of 21,318 homes changed hands in August 2005 compared to 20,491 homes a year ago.
The statewide median sales price rose 31 percent last month to $246,500; a year ago, it was $188,700. In 2000, the statewide median sales price for single-family existing homes was $117,100, which translates to an increase of about 97.8 percent over the five-year period, according to FAR records.
“A gentle slowing in growth rates associated with the Florida market for existing single-family homes is evident in the August 2005 data (latest available),” says David Scott, executive director of the Dr. Phillips Institute for the Study of American Business Activity and professor of finance at the University of Central Florida (UCF). “But consider that for the first eight months of 2005, unit sales have expanded by a respectable 2.48 percent over the comparable eight months of 2004, while for all of 2004 vs. 2003 the growth rate in sales hit double digits at 10.74 percent.”
He notes that just as double-digit rates of growth are impossible to sustain in the overall economy, such gains also are not sustainable in the home resale market. It appears that “a mild — and mild is emphasized — pullback in the overall robustness of the state existing real estate market is in place,” Scott says.
The national median sales price for existing single-family homes was $217,900 in July, up 14.6 percent from July 2004, according to the National Association of Realtors® (NAR). In California, the statewide median resales price was $540,900 in July; in Maryland, it was $308,888; in New York, the median price was $279,900; and in North Carolina, the average price was $212,600.
Interest rates remained at favorable low levels last month, with the 30-year fixed-rate mortgage averaging 5.82 percent; a year ago, it averaged 5.87 percent, according to Freddie Mac. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.
Among the state’s larger metropolitan statistical areas (MSAs), Orlando reported strong sales last month, with a total of 3,418 homes changing hands compared to 3,141homes last year for a 9 percent gain. The market’s median sales price increased 43 percent to $248,600; a year ago, it was $174,000.
Continued low mortgage rates are encouraging people to buy homes, says Lydia Pisano, president of the Orlando Regional Realtor Association and team leader with Keller Williams of Orlando. “Inventory is rising and mortgage rates are stable and still low,” she says. “It’s still a really good time to buy, homeowners can be proud of their investment and yet it’s also a good time for sellers who are getting their asking prices. The market remains healthy.”
Other larger markets reporting higher sales last month compared to August 2004 include: Jacksonville, where 1,796 homes sold for a 15 percent increase; and West Palm Beach-Boca Raton, where 1,319 homes sold for a 5 percent gain. The median sales price also rose in both markets: in West Palm Beach-Boca Raton, 27 percent to $411,400; and in Jacksonville, 18 percent to $197,200.
Among the state’s smaller MSAs, the Gainesville market reported an 11 percent boost in home sales in August, with 352 homes changing hands compared to 316 homes a year ago. The area’s median sales price rose 10 percent to $190,000; a year ago, it was $173,100.
Bonnie Mott, president of the Gainesville-Alachua County Association of Realtors and broker/president of Prudential Preferred Properties of Gainesville, says that the area appeals to a wide range of buyers with its college-town atmosphere, cultural activities and educational opportunities. “Gainesville has excellent health care and a strong labor force and employment outlook,” she says. “Our businesses offer a lot of job opportunities and are even having a hard time finding workers.”
Other smaller MSAs reporting strong resales activity last month include: Fort Pierce-Port St. Lucie, where 741 homes sold for a 16 percent increase; and Tallahassee, where 570 homes sold for a 39 percent gain. The median sales price in those markets also rose: in Fort Pierce-Port St. Lucie, 33 percent to $267,600; and in Tallahassee, 4 percent to $163,800.
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 August 2005 to August 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 135,000 members in 68 boards/associations.
© 2005 FLORIDA ASSOCIATION OF REALTORS
Sep
21
Mayport being scrutinised for opportunities
Filed Under Jacksonville property development, Ponte Vedra Beach | Leave a Comment
Two developers are independently assessing whether or not to develop the waterfront of Mayport village for condo projects.
The 60 acres of land is being looked at by the Vestcor Company and Fletcher Management Company. However, while Fletcher already owns some Mayport property, Vestcor does not and to date, they have not committed to anything.
The sudden interest in Mayport as a development opportunity can be attributed to the $5 million spent on improvements to the road, sewer and sidewalks along Ocean Street.
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Sep
1
August Townhomes Sales
Filed Under Jacksonville Townhomes | Leave a Comment
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: 8/2/2005 A 3 bedroom and 3 bath home, with 1800 square feet. $243,235 The listing brokerage is Non Mls and MLS#254754
Price: $243,265
Ironwood- Sold Date: 8/3/2005 A 2 bedroom and 3 bath home, with 1665 square feet. $198,405 The listing brokerage is Non Mls and MLS#254749
Price: $198,405
Ironwood- Sold Date: 8/3/2005 A 3 bedroom and 3 bath home, with 1858 square feet. $226,455 The listing brokerage is Non Mls and MLS#255340
Price: $226,455
Clifton Village- Sold Date: 8/4/2005 A 3 bedroom and 3 bath home, with 1514 square feet. $209,000 The listing brokerage is Assist2sell Buyers And Sellers and MLS#244017
Price: $205,000
Clifton Village- Sold Date: 8/10/2005 A 3 bedroom and 3 bath home, with 1514 square feet. $194,720 The listing brokerage is Pulte Realty Inc. and MLS#240481
Price: $194,720
Drayton Park- Sold Date: 8/11/2005 A 2 bedroom and 3 bath home, with 1216 square feet. $169,900 The listing brokerage is Hradek Realty, Llc and MLS#248845
Price: $162,000
Ironwood- Sold Date: 8/12/2005 A 3 bedroom and 3 bath home, with 1682 square feet. $198,500 The listing brokerage is Non Mls and MLS#256837
Price: $198,500
Brightwater- Sold Date: 8/15/2005 A 2 bedroom and 3 bath home, with 1546 square feet. $194,900 The listing brokerage is Re/Max Coastal Real Estate and MLS#245405
Price: $194,000
Brightwater- Sold Date: 8/15/2005 A 3 bedroom and 3 bath home, with 1681 square feet. $195,900 The listing brokerage is Coldwell Banker Walter Williams Realty and MLS#245884
Price: $195,900
Brightwater- Sold Date: 8/15/2005 A 3 bedroom and 3 bath home, with 1874 square feet. $198,000 The listing brokerage is Stockton Real Estate and MLS#251798
Price: $197,000
Brightwater- Sold Date: 8/15/2005 A 3 bedroom and 3 bath home, with 1874 square feet. $199,900 The listing brokerage is Watson Realty Corp and MLS#252401
Price: $200,900
Brightwater- Sold Date: 8/16/2005 A 3 bedroom and 3 bath home, with 1752 square feet. $195,400 The listing brokerage is Long Real Estate Services, Inc and MLS#246457
Price: $195,400
Clifton Village- Sold Date: 8/17/2005 A 3 bedroom and 3 bath home, with 1514 square feet. $205,990 The listing brokerage is Pulte Realty Inc. and MLS#250718
Price: $205,990
Ironwood- Sold Date: 8/19/2005 A 3 bedroom and 3 bath home, with 1356 square feet. $203,015 The listing brokerage is Non Mls and MLS#259986
Price: $203,015
Drayton Park- Sold Date: 8/25/2005 A 3 bedroom and 3 bath home, with 1708 square feet. $204,900 The listing brokerage is Premier Coast Realty, Inc and MLS#253308
Price: $203,000
Ironwood- Sold Date: 8/25/2005 A 3 bedroom and 2 bath home, with 1546 square feet. $192,660 The listing brokerage is Non Mls and MLS#261384
Price: $192,660
Brightwater- Sold Date: 8/30/2005 A 2 bedroom and 3 bath home, with 1546 square feet. $192,000 The listing brokerage is Prudential Network Realty and MLS#254509
Price: $193,000
Sep
1
Here are the recent condo in August. The square footage is as reported by the MLS. Contact me for more information on these sales.
Point Meadows Place- Sold Date: 8/1/2005 A 2 bedroom and 2 bath home, with 1112 square feet. $163,000 The listing brokerage is Prudential Network Realty and MLS#248633
Price: $160,000
Grand Reserve- Sold Date: 8/1/2005 A 2 bedroom and 2 bath home, with 1138 square feet. $169,900 The listing brokerage is Watson Realty Corp and MLS#249667
Price: $169,900
Stonebridge- Sold Date: 8/5/2005 A 2 bedroom and 3 bath home, with 1538 square feet. $194,900 The listing brokerage is The Real Estate Resource and MLS#247468
Price: $194,900
The Palms- Sold Date: 8/5/2005 A 3 bedroom and 2 bath home, with 1413 square feet. $229,900 The listing brokerage is Re/Max Coastal Real Estate and MLS#250138
Price: $215,000
The Overlook- Sold Date: 8/8/2005 A 3 bedroom and 2 bath home, with 1206 square feet. $148,500 The listing brokerage is Re/Max Specialists and MLS#250554
Price: $148,500
Grand Reserve- Sold Date: 8/8/2005 A 2 bedroom and 2 bath home, with 1138 square feet. $162,900 The listing brokerage is Uneta Incorporated and MLS#244175
Price: $161,000
Grand Reserve- Sold Date: 8/9/2005 A 2 bedroom and 2 bath home, with 1138 square feet. $159,900 The listing brokerage is Watson Realty Corp and MLS#234150
Price: $164,400
Grand Reserve- Sold Date: 8/12/2005 A 3 bedroom and 2 bath home, with 1732 square feet. $203,000 The listing brokerage is Watson Realty Corp and MLS#231528
Price: $200,000
Il Villagio- Sold Date: 8/15/2005 A 2 bedroom and 3 bath home, with 1296 square feet. $214,500 The listing brokerage is The Real Estate Store, Inc. and MLS#244217
Price: $209,000
Point Meadows Place- Sold Date: 8/22/2005 A 3 bedroom and 2 bath home, with 1458 square feet. $189,900 The listing brokerage is Watson Realty Corp and MLS#248372
Price: $185,000
Grand Reserve- Sold Date: 8/22/2005 A 2 bedroom and 2 bath home, with 1212 square feet. $177,900 The listing brokerage is Watson Realty Corp and MLS#250911
Price: $177,500
The Palms At Marsh L- Sold Date: 8/26/2005 A 2 bedroom and 2 bath home, with 1156 square feet. $199,900 The listing brokerage is Re/Max Atlantic and MLS#248354
Price: $175,000
The Palms At Marsh L- Sold Date: 8/29/2005 A 2 bedroom and 2 bath home, with 1156 square feet. $175,000 The listing brokerage is Watson Realty Corp and MLS#252802
Price: $175,000
Il Villagio- Sold Date: 8/29/2005 A 2 bedroom and 3 bath home, with 1300 square feet. $210,500 The listing brokerage is Realty-Mart America and MLS#248683
Price: $203,000
Belleza At Ponte Ved- Sold Date: 8/29/2005 A 1 bedroom and 1 bath home, with 780 square feet. $179,900 The listing brokerage is Marsh Landing Realty, Inc. and MLS#255229
Price: $177,500
Sep
1
Here are the recent home sales on the Southside. The square footage is as reported by the MLS. Contact me for more information on these sales.
Deercreek Cc- Sold Date: 8/4/2005 A 6 bedroom and 5 bath home, with 3884 square feet. $762,000 The listing brokerage is Vanguard Realty, Inc. Gmac and MLS#247091
Price: $725,000
Deerwood- Sold Date: 8/5/2005 A 3 bedroom and 3 bath home, with 2909 square feet. $514,500 The listing brokerage is Coldwell Banker Walter Williams Realty and MLS#243575
Price: $485,000
James Island- Sold Date: 8/12/2005 A 5 bedroom and 3 bath home, with 2691 square feet. $385,000 The listing brokerage is Stockton Real Estate and MLS#245564
Price: $385,000
James Island- Sold Date: 8/15/2005 A 5 bedroom and 3 bath home, with 2750 square feet. $409,900 The listing brokerage is Watson Realty Corp and MLS#243518
Price: $400,000
Jax Golf & Cc- Sold Date: 8/15/2005 A 4 bedroom and 4 bath home, with 3079 square feet. $545,000 The listing brokerage is Young Brothers Real Estate, Inc. and MLS#243896
Price: $517,000
Deerwood- Sold Date: 8/16/2005 A 4 bedroom and 5 bath home, with 6028 square feet. $1,275,000 The listing brokerage is Prudential Network Realty and MLS#239166
Price: $1,150,000
Deerwood- Sold Date: 8/16/2005 A 4 bedroom and 3 bath home, with 2623 square feet. $460,000 The listing brokerage is Prudential Network Realty and MLS#248669
Price: $447,000
Jax Golf & Cc- Sold Date: 8/16/2005 A 3 bedroom and 2 bath home, with 2050 square feet. $395,000 The listing brokerage is Re/Max Specialists and MLS#248909
Price: $391,250
James Island- Sold Date: 8/19/2005 A 4 bedroom and 2 bath home, with 2790 square feet. $399,900 The listing brokerage is Rebate Realty Network, Inc. and MLS#238738
Price: $399,900
Old Mill Branch- Sold Date: 8/22/2005 A 4 bedroom and 3 bath home, with 2112 square feet. $359,900 The listing brokerage is Dream Maker Properties Llc and MLS#248786
Price: $351
Jax Golf & Cc- Sold Date: 8/24/2005 A 4 bedroom and 3 bath home, with 2727 square feet. $499,900 The listing brokerage is Realty Executives, The Profess and MLS#252287
Price: $499,900
Old Mill Branch- Sold Date: 8/26/2005 A 3 bedroom and 3 bath home, with 1972 square feet. $369,900 The listing brokerage is Coldwell Banker Walter Williams Realty and MLS#250440
Price: $363,000
Deerwood- Sold Date: 8/29/2005 A 5 bedroom and 3 bath home, with 3700 square feet. $525,000 The listing brokerage is Prudential Network Realty and MLS#242355
Price: $502,500
Jax Golf & Cc- Sold Date: 8/29/2005 A 4 bedroom and 3 bath home, with 2970 square feet. $560,000 The listing brokerage is Community Realty Associates and MLS#233381
Price: $533,000
Jax Golf & Cc- Sold Date: 8/29/2005 A 4 bedroom and 3 bath home, with 2604 square feet. $499,900 The listing brokerage is Watson Realty Corp and MLS#248751
Price: $499,900
Old Mill Branch- Sold Date: 8/31/2005 A 3 bedroom and 3 bath home, with 1971 square feet. $365,000 The listing brokerage is Re/Max Atlantic and MLS#239739
Price: $350,000
Sep
1
Here are the recent home sales on the Southside. The square footage is as reported by the MLS. Contact me for more information on these sales.
Reedy Branch Plantat- Sold Date: 8/4/2005 A 4 bedroom and 3 bath home, with 2465 square feet. $329,000 The listing brokerage is Re/Max Coastal Real Estate and MLS#248958
Price: $322,000
Pablo Bay- Sold Date: 8/5/2005 A 4 bedroom and 3 bath home, with 2700 square feet. $462,500 The listing brokerage is Coppenbarger Realty and MLS#251422
Price: $462,500
Pablo Bay- Sold Date: 8/8/2005 A 5 bedroom and 3 bath home, with 2625 square feet. $469,000 The listing brokerage is Prudential Network Realty and MLS#245880
Price: $455,000
Pablo Bay- Sold Date: 8/12/2005 A 5 bedroom and 4 bath home, with 2841 square feet. $464,000 The listing brokerage is Watson Realty Corp and MLS#239769
Price: $464,000
Pablo Bay- Sold Date: 8/12/2005 A 3 bedroom and 3 bath home, with 2850 square feet. $514,800 The listing brokerage is North Florida Builders and MLS#220675
Price: $514,100
Reedy Branch Plantat- Sold Date: 8/15/2005 A 3 bedroom and 2 bath home, with 1916 square feet. $279,900 The listing brokerage is Prudential Network Realty and MLS#250423
Price: $282,000
East Hampton- Sold Date: 8/15/2005 A 5 bedroom and 3 bath home, with 3303 square feet. $434,900 The listing brokerage is Prudential Network Realty and MLS#248106
Price: $432,000
East Hampton- Sold Date: 8/15/2005 A 5 bedroom and 4 bath home, with 3684 square feet. $445,000 The listing brokerage is Watson Realty Corp and MLS#248457
Price: $445,000
Pablo Bay- Sold Date: 8/19/2005 A 4 bedroom and 3 bath home, with 2658 square feet. $542,000 The listing brokerage is Watson Realty Corp and MLS#249830
Price: $525,000
Pablo Bay- Sold Date: 8/22/2005 A 4 bedroom and 3 bath home, with 2439 square feet. $439,900 The listing brokerage is Prudential Network Realty and MLS#247830
Price: $429,900
Hampton Park- Sold Date: 8/25/2005 A 3 bedroom and 3 bath home, with 2260 square feet. $388,000 The listing brokerage is Watson Realty Corp and MLS#246642
Price: $383,000
East Hampton- Sold Date: 8/26/2005 A 3 bedroom and 2 bath home, with 2442 square feet. $342,900 The listing brokerage is Re/Max Coastal Real Estate and MLS#250091
Price: $337,900
East Hampton- Sold Date: 8/26/2005 A 4 bedroom and 3 bath home, with 2391 square feet. $365,000 The listing brokerage is Watson Realty Corp and MLS#246992
Price: $357,500
East Hampton- Sold Date: 8/26/2005 A 4 bedroom and 2 bath home, with 2152 square feet. $339,000 The listing brokerage is Shoreline Realty Services,Inc and MLS#248648
Price: $326,000
Pablo Bay- Sold Date: 8/30/2005 A 4 bedroom and 4 bath home, with 3668 square feet. $739,000 The listing brokerage is Watson Realty Corp and MLS#247504
Price: $739,000
Hampton Park- Sold Date: 8/30/2005 A 5 bedroom and 4 bath home, with 2424 square feet. $385,000 The listing brokerage is Watson Realty Corp and MLS#248327
Price: $375,000
Pablo Bay- Sold Date: 8/31/2005 A 4 bedroom and 4 bath home, with 3458 square feet. $587,100 The listing brokerage is North Florida Builders and MLS#220667
Price: $587,100
Pablo Bay- Sold Date: 8/31/2005 A 4 bedroom and 3 bath home, with 2903 square feet. $535,000 The listing brokerage is Young Brothers Real Estate, Inc. and MLS#251906
Price: $525,000