Page 1

Market Insight - July 2019

NORTHEAST FLORIDA HOUSING MARKET

All data provided by the Northeast Florida Multiple Listing Service. Powered by 10K Research and Marketing.


cators Monthly Indicators

ORTHEAST FLORIDA A RESEARCH ASSOCIATION TOOL PROVIDED OF REALTORS BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

edit: NEFARRequired is happy to Reprint share /our Use market and Source statistical Credit: reportNEFAR data; prior is happy permission to shareis our not market required. statistical Source report creditdata; is required, prior permission is not required. Source credit is required, NEFAR members) however, whether for all theuses use (including is written, use digital, by NEFAR broadcast, members) spoken, whether social media the useorisother. written, Usedigital, of NEFAR broadcast, data must spoken, be social media or other. Use of NEFAR data must be – Source: Northeast accompanied Florida by Association the followingofattribution Realtors . – Source: Northeast Florida Association of Realtors .

vity of single-family All data residential, represents Realtor-brokered condo and townhome activity sales of single-family combined. As residential, all Nassaucondo and St. and Johns townhome Countysales Realtors combined. are notAs all Nassau and St. Johns County Realtors are not le Listing Service members – a wholly of the owned Northeast subsidiary Florida Multiple of the Northeast Listing Service Florida–Association a wholly owned of Realtors subsidiary – reports of thedo Northeast not represent Florida the Association full of Realtors – reports do not represent the full extent of Realtor sales in those counties.

July 2019

Quick Facts

Quick Facts

n that began IninJuly, June the 2009 U.S.became economic theexpansion longest in that began in June 2009 became the longest in aight months theofnation's gross domestic history, marking product 121 growth straight months of gross domestic product growth nsion from and 1991surpassing to 2001. The theaverage 120-month rateexpansion of from 1991 to 2001. of in ChangeThe in average rate Change en a mildergrowth 2.3 percent during per this year expansion compared hastobeen a milder 2.3 percent year compared to Price Closedper Sales Median Sales gh the economy 3.6 percent shouldduring continue the to 1990s. perform Although well the economy should continue to perform well s see a mildforrecession the rest of on2019, the horizon. most economists see a mild recession on the horizon. Market Overview New Listings in the Northeast Florida region decreased 6.3 percent to 3,593. Pending region decreased 6.3 percent to 3,593. Pending New Listings nventory levels 7.4 up percent to 9,173 Salesfell were 6.0 percent to units. 2,983. Inventory levels fell 7.4 percent to 9,173 units. Pending Sales e Median Sales increased 5.2 traction. percent to PricesPrice continued to gain The Median Sales Price Sales increased 5.2 percent to Closed .0 percent $242,000. to 63 days.Days Buyers on Market felt empowered was up 5.0 percent to 63 days. Buyers felt empowered DaystoOn Until Sale own 12.5 percent to 3.5 months. as Months Supply of Inventory was down 12.5 percent 3.5Market months. Median Sales Price economic During expansion, the unemployment rate economic expansion, the record-setting 121-month unemployment rate Average the Sales Price 09 to 3.7 percent, yet many continue has dropped fromconsumers 10.0 percent in 2009 to 3.7 percent, yet many consumers continue of Original Received interest rates have helped offsetLow low housing to struggle financially. mortgage interest rates Percent have helped offset List low Price housing

+ 1.4%

+ 5.2%

- 7.4% + 1.4% Change inChange in Inventory Closed Sales

+ 5.2%

- 7.4%

Change in Median Sales Price

Change in Inventory

Market Overview 2 All data provided by the Northeast Florida Multiple Listing Service.

e outpacing median household growth. affordability, but highincome home prices are outpacing median household income Percent of Properties Soldgrowth. Over List Price mic prosperity, Federal Reserve reduced the prosperity, the Federal Reserve reduced the In a the move to stoke continued economic Housing Affordability Index point to about 2.25 percent, first point to about 2.25 percent, marking the first benchmark interestmarking rate by the a quarter Inventory of Homes for Sale reduction in more than a decade.

2

New Listings 3

3

Pending Sales 4

4

Closed Sales 5

5

Days On Market 6 Until Sale

6

Median Sales 7 Price

7

Average Sales 8 Price

8

Percent of9Original List Price Received

9

Percent of 10Properties Sold Over List Price

10

Housing Affordability 11 Index

11

Inventory12 of Homes for Sale

12

Months Supply of Inventory

Months Supply 13 of Inventory

13

Housing Supply Overview Report

Housing Supply 14 Overview Report

14

Area breakouts of 33 submarkets begin after pageArea 21. breakouts of 33 submarkets begin after page 21.

Current as of August 8, 2019. All data from Northeast Florida MultipleCurrent Listing as Service. of August Report 8, 2019. © 2019 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2019 ShowingTime. | 1


Market Overview Key market metrics for the current month and year-to-date.

Key Metrics

Historical Sparklines

New Listings 7-2016

7-2017

7-2018

7-2016

7-2017

7-2018

7-2019

7-2016

7-2017

7-2018

7-2019

Closed Sales Days on Market Until Sale 7-2017

7-2018

7-2016

7-2017

7-2018

7-2019

7-2016

7-2017

7-2018

7-2019

Average Sales Price

Percent of Properties Sold Over List Price

7-2016

7-2017

7-2018

YTD 2018 YTD 2019

+/-

3,835

3,593

- 6.3%

25,462

25,734

+ 1.1%

2,814

2,983

+ 6.0%

18,779

19,998

+ 6.5%

2,781

2,820

+ 1.4%

17,761

18,513

+ 4.2%

60

63

+ 5.0%

65

67

+ 3.1%

$230,000

$242,000

+ 5.2%

$224,900

$230,000

+ 2.3%

$274,402

$283,038

+ 3.1%

$268,422

$274,171

+ 2.1%

96.1%

95.9%

- 0.2%

95.9%

95.7%

- 0.2%

14.4%

13.5%

- 6.2%

14.6%

14.0%

- 4.1%

131

133

+ 1.5%

134

140

+ 4.5%

9,905

9,173

- 7.4%

--

--

--

4.0

3.5

- 12.5%

--

--

--

7-2019

7-2016

7-2017

7-2018

7-2019

7-2016

7-2017

7-2018

7-2019

Housing Affordability Index Inventory of Homes for Sale Months Supply of Homes for Sale

+/-

7-2019

Median Sales Price

Percent of Original List Price Received

7-2019

7-2019

Pending Sales

7-2016

7-2018

7-2016

7-2017

7-2018

7-2019

7-2016

7-2017

7-2018

7-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 2


New Listings A count of the properties that have been newly listed on the market in a given month.

July

Year To Date 3,835

3,593

3,240

2017

+18.4%

-6.3%

2018

2019

25,462

23,258

2017

25,734

+9.5%

+1.1%

2018

2019

Month

Prior Year

Current Year

August 2018

3,658

3,768

+3.0%

September 2018

2,287

3,182

+39.1%

October 2018

3,007

3,437

+14.3%

November 2018

2,597

2,932

+12.9%

December 2018

2,100

2,063

-1.8%

January 2019

2,964

3,302

+11.4%

February 2019

3,226

3,385

+4.9%

March 2019

3,880

3,960

+2.1%

April 2019

3,840

3,982

+3.7%

May 2019

3,817

4,000

+4.8%

June 2019

3,900

3,507

-10.1%

July 2019

3,835

3,593

-6.3%

12-Month Avg

3,259

3,426

+5.1%

+/–

Historical New Listing Activity 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 3


Pending Sales A count of the properties on which contracts have been written in a given month.

July

Year To Date

2,684

2017

2,983

2,814

18,779

18,176

+4.8%

+6.0%

2018

2019

2017

19,998

+3.3%

+6.5%

2018

2019

Month

Prior Year

Current Year

August 2018

2,580

2,685

+4.1%

September 2018

1,911

2,349

+22.9%

October 2018

2,347

2,496

+6.3%

November 2018

2,177

2,135

-1.9%

December 2018

1,957

1,866

-4.6%

January 2019

2,069

2,222

+7.4%

February 2019

2,346

2,483

+5.8%

March 2019

2,917

3,009

+3.2%

April 2019

2,998

3,185

+6.2%

May 2019

2,961

3,129

+5.7%

June 2019

2,674

2,987

+11.7%

July 2019

2,814

2,983

+6.0%

12-Month Avg

2,479

2,627

+6.0%

+/–

Historical Pending Sales Activity 3,500 3,250 3,000 2,750 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 4


Closed Sales A count of actual sales that have closed within a given month.

July

Year To Date

2,644

2017

2,820

2,781

17,761

17,355

+5.2%

+1.4%

2018

2019

2017

18,513

+2.3%

+4.2%

2018

2019

Month

Prior Year

Current Year

August 2018

2,832

2,903

+2.5%

September 2018

2,013

2,334

+15.9%

October 2018

2,329

2,542

+9.1%

November 2018

2,239

2,391

+6.8%

December 2018

2,633

2,355

-10.6%

January 2019

1,638

1,717

+4.8%

February 2019

1,935

2,098

+8.4%

March 2019

2,633

2,594

-1.5%

April 2019

2,714

2,998

+10.5%

May 2019

2,966

3,295

+11.1%

June 2019

3,094

2,977

-3.8%

July 2019

2,781

2,820

+1.4%

12-Month Avg

2,484

2,587

+4.6%

+/–

Historical Closed Sales Activity 3,500

3,000

2,500

2,000

1,500

1,000

500 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 5


Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.

July

Year To Date 75 67

2017

-10.4%

+5.0%

2018

2019

67

65

63

60

2017

Prior Year

Current Year

+/–

August 2018

65

60

-7.7%

September 2018

66

65

-1.5%

October 2018

64

59

-7.8%

November 2018

65

61

-6.2%

December 2018

71

69

-2.8%

January 2019

69

70

+1.4%

February 2019

73

76

+4.1%

March 2019

72

71

-1.4%

April 2019

65

67

+3.1%

May 2019

60

66

+10.0%

June 2019

58

63

+8.6%

July 2019

60

63

+5.0%

12-Month Avg

65

65

+0.4%

Month

-13.3%

+3.1%

2018

2019

Historical Days on Market Until Sale 130 120 110 100 90 80 70 60 50 40 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 6


Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.

July

Year To Date

$224,900 $230,000

$215,000

2017

+7.0%

+5.2%

2018

2019

$230,000

$202,000

$242,000

2017

Prior Year

Current Year

+/–

August 2018

$205,000

$220,000

+7.3%

September 2018

$208,850

$216,945

+3.9%

October 2018

$204,825

$212,500

+3.7%

November 2018

$208,000

$220,000

+5.8%

December 2018

$211,960

$226,485

+6.9%

January 2019

$203,990

$207,000

+1.5%

February 2019

$217,950

$224,000

+2.8%

March 2019

$225,000

$230,000

+2.2%

April 2019

$220,000

$225,000

+2.3%

May 2019

$225,000

$232,500

+3.3%

June 2019

$235,000

$242,000

+3.0%

July 2019

$230,000

$242,000

+5.2%

12-Month Med

$216,500

$225,000

+3.9%

Month

+11.3%

+2.3%

2018

2019

Historical Median Sales Price $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 7


Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.

July

Year To Date $274,402

$254,211

$283,038

$268,422

$274,171

$244,504

2017

+ 7.9%

+ 3.1%

2018

2019

2017

Prior Year

Current Year

+/–

August 2018

$247,080

$264,330

+7.0%

September 2018

$248,831

$256,703

+3.2%

October 2018

$251,264

$263,902

+5.0%

November 2018

$250,357

$261,330

+4.4%

December 2018

$258,636

$267,450

+3.4%

January 2019

$243,531

$242,330

-0.5%

February 2019

$256,654

$255,403

-0.5%

March 2019

$267,205

$268,673

+0.5%

April 2019

$268,755

$277,484

+3.2%

May 2019

$272,144

$276,091

+1.5%

June 2019

$280,792

$296,636

+5.6%

July 2019

$274,402

$283,038

+3.1%

12-Month Avg

$261,511

$269,596

+3.1%

Month

+ 9.8%

+ 2.1%

2018

2019

Historical Average Sales Price $320,000 $300,000 $280,000 $260,000 $240,000 $220,000 $200,000 $180,000 $160,000 $140,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 8


Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

July

Year To Date

95.6%

2017

96.1%

95.9%

+0.5%

-0.2%

2018

2019

95.9%

95.4%

2017

95.7%

+0.5%

-0.2%

2018

2019

Month

Prior Year

Current Year

August 2018

95.6%

95.6%

0.0%

September 2018

95.7%

95.6%

-0.1%

October 2018

95.5%

95.3%

-0.2%

November 2018

95.4%

95.1%

-0.3%

December 2018

95.2%

94.7%

-0.5%

January 2019

95.4%

94.5%

-0.9%

February 2019

95.1%

95.0%

-0.1%

March 2019

96.0%

95.5%

-0.5%

April 2019

95.8%

95.5%

-0.3%

May 2019

96.3%

96.2%

-0.1%

June 2019

96.3%

96.3%

0.0%

July 2019

96.1%

95.9%

-0.2%

12-Month Avg

95.7%

95.5%

-0.2%

+/–

Historical Percent of Original List Price Received 100% 98% 96% 94% 92% 90% 88% 86% 84% 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 9


Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price.

July

Year To Date

14.7%

2017

14.4%

-2.0%

-6.2%

2018

2019

14.6%

14.5%

13.5%

2017

14.0%

+0.7%

-4.1%

2018

2019

Month

Prior Year

Current Year

+/–

August 2018

13.5%

13.3%

-1.5%

September 2018

13.7%

13.5%

-1.5%

October 2018

13.0%

12.6%

-3.1%

November 2018

13.8%

13.4%

-2.9%

December 2018

11.8%

12.7%

+7.6%

January 2019

13.0%

11.7%

-10.0%

February 2019

11.3%

12.8%

+13.3%

March 2019

15.4%

15.4%

0.0%

April 2019

15.5%

14.4%

-7.1%

May 2019

16.2%

15.1%

-6.8%

June 2019

14.5%

14.0%

-3.4%

July 2019

14.4%

13.5%

-6.2%

12-Month Avg

14.0%

13.7%

-2.2%

Historical Percent of Properties Sold Over List Price 22% 20% 18% 16% 14% 12% 10% 8% 6% 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 10


Housing Affordability Index This index measures housing affordability for the region. For example, an index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.

July

Year To Date 152

2017

161

133

131

-13.8%

+1.5%

2018

2019

Prior Year

Current Year

+/–

August 2018

159

137

-13.8%

September 2018

157

139

-11.5%

October 2018

159

138

-13.2%

November 2018

156

136

-12.8%

December 2018

153

136

-11.1%

January 2019

156

149

-4.5%

February 2019

144

137

-4.9%

March 2019

138

136

-1.4%

April 2019

139

140

+0.7%

May 2019

136

135

-0.7%

June 2019

129

130

+0.8%

July 2019

131

133

+1.5%

12-Month Avg

146

137

-5.9%

Month

140

134

-16.8%

+4.5%

2018

2019

2017

Historical Housing Affordability Index 300

250

200

150

100 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 11


Inventory of Homes for Sale The number of properties available for sale in active status at the end of the month.

July

9,905

9,169

2017

9,173

+8.0%

-7.4%

2018

2019

Month

Prior Year

Current Year

August 2018

9,394

10,097

+7.5%

September 2018

9,060

10,103

+11.5%

October 2018

8,945

10,119

+13.1%

November 2018

8,672

10,083

+16.3%

December 2018

7,995

9,299

+16.3%

January 2019

8,226

9,536

+15.9%

February 2019

8,515

9,682

+13.7%

March 2019

8,850

9,824

+11.0%

April 2019

9,037

9,860

+9.1%

May 2019

9,213

9,810

+6.5%

June 2019

9,678

9,517

-1.7%

July 2019

9,905

9,173

-7.4%

12-Month Avg

8,958

9,760

+9.3%

+/–

Historical Inventory of Homes for Sale 21,000 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 1-2003

1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 12


Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

July

Prior Year

Current Year

+/–

August 2018

3.9

4.1

+5.1%

September 2018

3.8

4.0

+5.3%

October 2018

3.7

4.0

+8.1%

November 2018

3.6

4.0

+11.1%

December 2018

3.3

3.7

+12.1%

January 2019

3.4

3.8

+11.8%

February 2019

3.5

3.8

+8.6%

March 2019

3.6

3.8

+5.6%

April 2019

3.7

3.8

+2.7%

May 2019

3.7

3.8

+2.7%

June 2019

3.9

3.6

-7.7%

July 2019

4.0

3.5

-12.5%

12-Month Avg

3.7

3.8

+3.8%

Month

4.0

3.8

3.5

2017

+5.3%

-12.5%

2018

2019

Historical Months Supply of Inventory 18 16 14 12 10 8 6 4 2 1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 13


Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Required Reprint / Use and Source Credit: NEFAR is happy to share our market statistical report data; prior permission is not required. Source credit is required, however, for all uses (including use by NEFAR members) whether the use is written, digital, broadcast, spoken, social media or other. Use of NEFAR data must be accompanied by the following attribution – Source: Northeast Florida Association of Realtors . All data represents Realtor-brokered activity of single-family residential, condo and townhome sales combined. As all Nassau and St. Johns County Realtors are not members of the Northeast Florida Multiple Listing Service – a wholly owned subsidiary of the Northeast Florida Association of Realtors – reports do not represent the full extent of Realtor sales in those counties.

July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Quick Facts + 14.3%

+ 6.6%

+ 6.2%

Price Range With Strongest Sales:

Construction Status With Strongest Sales:

Property Type With Strongest Sales:

$200,000 to $299,999

Previously Owned

Single-Family

Pending Sales

15

Days on Market Until Sale

16

Median Sales Price

17

Percent of Original List Price Received

18

Percent of Properties Sold Over List Price

19

Inventory of Homes for Sale

20

Months Supply of Inventory

21

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report © 2019 ShowingTime. | 14


Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.

By Price Range 7-2018

By Construction Status

7-2019

7-2018

24,917

9,723

By Property Type 7-2018

7-2019

26,550

25,076

7-2019

26,635

8,507 7,334

6,898

6,158

5,393 5,536

6,767

1,987 2,182

4,834 372

4,979

4,894

4,675

423

- 5.9%

+ 2.7%

+ 14.3%

+ 9.9%

+ 9.8%

+ 13.7%

+ 6.6%

+ 3.0%

+ 6.2%

+ 4.7%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

Previously Owned

New Construction

Single-Family

Condo-Townhouse

All Properties

Single-Family

Condo-Townhouse

By Price Range

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

$149,999 and Below

7,334

6,898

- 5.9%

5,249

4,900

- 6.6%

2,085

1,998

- 4.2%

$150,000 to $199,999

5,393

5,536

+ 2.7%

4,208

4,191

- 0.4%

1,185

1,345

+ 13.5%

$200,000 to $299,999

8,507

9,723

+ 14.3%

7,777

8,908

+ 14.5%

730

815

+ 11.6%

$300,000 to $499,999

6,158

6,767

+ 9.9%

5,736

6,270

+ 9.3%

422

497

+ 17.8%

$500,000 to $999,999

1,987

2,182

+ 9.8%

1,784

1,993

+ 11.7%

203

189

- 6.9%

$1,000,000 and Above

372

423

+ 13.7%

322

373

+ 15.8%

50

50

0.0%

All Price Ranges

29,751

31,529

+ 6.0%

25,076

26,635

+ 6.2%

4,675

4,894

+ 4.7%

By Construction Status

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

24,917

26,550

+ 6.6%

20,636

22,062

+ 6.9%

4,281

4,488

+ 4.8%

New Construction

4,834

4,979

+ 3.0%

4,440

4,573

+ 3.0%

394

406

+ 3.0%

All Property Types

29,751

31,529

+ 6.0%

25,076

26,635

+ 6.2%

4,675

4,894

+ 4.7%

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 15


Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.

By Price Range 7-2018

By Construction Status

7-2019

7-2018

123 103 83 55

63

53

46

82

94

94

129

93

By Property Type

7-2019

7-2018

7-2019

67

67 56

53

60

60

66

46

- 3.6%

0.0%

+ 4.8%

- 1.2%

- 9.7%

+ 4.9%

0.0%

0.0%

0.0%

+ 5.7%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

Previously Owned

New Construction

Single-Family

Condo-Townhouse

All Properties

Single-Family

Condo-Townhouse

By Price Range

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

$149,999 and Below

55

53

- 3.6%

60

57

- 5.0%

42

44

+ 4.8%

$150,000 to $199,999

46

46

0.0%

47

46

- 2.1%

46

46

0.0%

$200,000 to $299,999

63

66

+ 4.8%

63

66

+ 4.8%

65

68

+ 4.6%

$300,000 to $499,999

83

82

- 1.2%

83

81

- 2.4%

88

92

+ 4.5%

$500,000 to $999,999

103

93

- 9.7%

103

92

- 10.7%

100

108

+ 8.0%

$1,000,000 and Above

123

129

+ 4.9%

127

132

+ 3.9%

101

102

+ 1.0%

All Price Ranges

65

65

0.0%

67

67

0.0%

53

56

+ 5.7%

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

60

60

0.0%

62

61

- 1.6%

51

56

+ 9.8%

New Construction

94

94

0.0%

95

97

+ 2.1%

81

62

- 23.5%

All Property Types

65

65

0.0%

67

67

0.0%

53

56

+ 5.7%

By Construction Status

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 16


Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

By Construction Status 7-2018

By Property Type 7-2018

7-2019

$293,725

7-2019

$296,990 $216,500

$199,900

$225,000

$230,000

$239,900

$210,000

$155,000

+ 5.1%

+ 1.1%

Previously Owned

New Construction

+ 3.9% All Properties

All Properties By Construction Status

+ 4.3%

+ 2.3%

Single-Family

Single-Family

$158,500

Condo-Townhouse

Condo-Townhouse

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

$199,900

$210,000

+ 5.1%

$214,000

$223,500

+ 4.4%

$150,000

$156,000

+ 4.0%

New Construction

$293,725

$296,990

+ 1.1%

$300,000

$301,270

+ 0.4%

$189,010

$205,813

+ 8.9%

All Construction Statuses

$216,500

$225,000

+ 3.9%

$230,000

$239,900

+ 4.3%

$155,000

$158,500

+ 2.3%

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 17


Percent of Original List Price Received Percentage found when dividing a property’s sales price by its original list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.

By Price Range 7-2018

By Construction Status

7-2019 97.2%

7-2018

96.6%

96.7% 96.6%

By Property Type 7-2018

7-2019

7-2019

98.4% 98.5%

96.2% 96.1% 95.2%

96.2%

95.5%

93.6%

95.8%

95.7%

92.8% 91.7% 91.6%

95.2%

95.5%

94.9%

- 0.9%

- 0.6%

- 0.1%

- 0.1%

+ 0.3%

- 0.1%

- 0.3%

+ 0.1%

- 0.2%

- 0.4%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

Previously Owned

New Construction

Single-Family

Condo-Townhouse

All Properties

Single-Family

Condo-Townhouse

By Price Range

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

$149,999 and Below

93.6%

92.8%

- 0.9%

92.7%

91.7%

- 1.1%

95.6%

95.2%

- 0.4%

$150,000 to $199,999

97.2%

96.6%

- 0.6%

97.1%

96.5%

- 0.6%

97.4%

97.1%

- 0.3%

$200,000 to $299,999

96.7%

96.6%

- 0.1%

96.7%

96.7%

0.0%

96.7%

96.0%

- 0.7%

$300,000 to $499,999

96.2%

96.1%

- 0.1%

96.2%

96.2%

0.0%

96.2%

94.9%

- 1.4%

$500,000 to $999,999

95.2%

95.5%

+ 0.3%

95.2%

95.6%

+ 0.4%

95.2%

94.1%

- 1.2%

$1,000,000 and Above

91.7%

91.6%

- 0.1%

91.6%

91.4%

- 0.2%

92.4%

93.1%

+ 0.8%

All Price Ranges

95.7%

95.5%

- 0.2%

95.7%

95.5%

- 0.2%

96.2%

95.8%

- 0.4%

By Construction Status

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

95.2%

94.9%

- 0.3%

95.1%

94.8%

- 0.3%

95.9%

95.5%

- 0.4%

New Construction

98.4%

98.5%

+ 0.1%

98.4%

98.5%

+ 0.1%

99.0%

98.7%

- 0.3%

All Property Types

95.7%

95.5%

- 0.2%

95.7%

95.5%

- 0.2%

96.2%

95.8%

- 0.4%

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 18


Percent of Properties Sold Over List Price Percent of closed sales that sold for more than the most recent list price. Based on a rolling 12-month average.

By Price Range 7-2018

By Construction Status

7-2019

7-2018

18.6% 16.8% 16.3%

16.5% 13.2%

By Property Type 7-2018

7-2019

13.7% 13.1%

15.4%

16.9%

7-2019

14.6% 14.6% 10.7%

13.9% 10.9% 11.0%

8.8%

9.8% 10.3%

4.9%

5.5%

- 11.1%

+ 5.7%

+ 0.8%

+ 4.6%

+ 13.7%

- 3.0%

- 4.8%

+ 9.5%

- 0.2%

- 17.3%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

Previously Owned

New Construction

Single-Family

Condo-Townhouse

All Properties

Single-Family

Condo-Townhouse

By Price Range

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

$149,999 and Below

18.6%

16.5%

- 11.1%

20.3%

18.7%

- 8.2%

12.0%

9.4%

- 21.1%

$150,000 to $199,999

13.2%

13.9%

+ 5.7%

13.6%

14.7%

+ 8.2%

9.0%

6.0%

- 33.7%

$200,000 to $299,999

10.9%

11.0%

+ 0.8%

10.9%

11.4%

+ 4.6%

11.0%

5.9%

- 46.6%

$300,000 to $499,999

9.8%

10.3%

+ 4.6%

10.3%

10.8%

+ 4.6%

5.5%

4.9%

- 11.0%

$500,000 to $999,999

4.9%

5.5%

+ 13.7%

5.3%

5.7%

+ 7.2%

1.7%

3.8%

+ 130.8%

$1,000,000 and Above

16.8%

16.3%

- 3.0%

18.6%

18.7%

+ 0.1%

12.1%

10.5%

- 12.8%

All Price Ranges

14.0%

13.7%

- 2.2%

14.6%

14.6%

- 0.2%

10.7%

8.8%

- 17.3%

By Construction Status

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

13.7%

13.1%

- 4.8%

14.4%

14.0%

- 2.8%

10.4%

8.5%

- 17.7%

New Construction

15.4%

16.9%

+ 9.5%

15.5%

17.2%

+ 11.1%

14.1%

12.4%

- 11.9%

All Property Types

14.0%

13.7%

- 2.2%

14.6%

14.6%

- 0.2%

10.7%

8.8%

- 17.3%

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 19


Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.

By Price Range 7-2018

By Construction Status

7-2019

7-2018

2,584

2,418

2,590

8,173 2,372

By Property Type 7-2018

7-2019

8,605

7,543

7-2019

7,802

1,867 1,437

1,365 1,412 1,041 1,020 458

1,732

514

1,630

1,300

1,371

- 23.0%

- 2.0%

- 6.4%

- 8.4%

+ 3.4%

+ 12.2%

- 7.7%

- 5.9%

- 9.3%

+ 5.5%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

Previously Owned

New Construction

Single-Family

Condo-Townhouse

All Properties

Single-Family

Condo-Townhouse

By Price Range

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

$149,999 and Below

1,867

1,437

- 23.0%

1,469

1,117

- 24.0%

398

320

- 19.6%

$150,000 to $199,999

1,041

1,020

- 2.0%

810

720

- 11.1%

231

300

+ 29.9%

$200,000 to $299,999

2,584

2,418

- 6.4%

2,381

2,142

- 10.0%

203

276

+ 36.0%

$300,000 to $499,999

2,590

2,372

- 8.4%

2,343

2,127

- 9.2%

247

245

- 0.8%

$500,000 to $999,999

1,365

1,412

+ 3.4%

1,196

1,235

+ 3.3%

169

177

+ 4.7%

$1,000,000 and Above

458

514

+ 12.2%

406

461

+ 13.5%

52

53

+ 1.9%

9,905

9,173

- 7.4%

8,605

7,802

- 9.3%

1,300

1,371

+ 5.5%

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

8,173

7,543

- 7.7%

6,999

6,327

- 9.6%

1,174

1,216

+ 3.6%

New Construction

1,732

1,630

- 5.9%

1,606

1,475

- 8.2%

126

155

+ 23.0%

All Property Types

9,905

9,173

- 7.4%

8,605

7,802

- 9.3%

1,300

1,371

+ 5.5%

All Price Ranges

By Construction Status

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 20


Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

By Price Range 7-2018

By Construction Status

7-2019

7-2018

14.8

8.2 5.0 3.1

2.5

3.6 2.3

2.2

7-2018

14.6

3.9

By Property Type

7-2019

4.3 3.4

7-2019

4.1 3.9

3.5

3.4

3.3

7.8

4.2

3.0

- 19.4%

- 4.3%

- 16.7%

- 16.0%

- 4.9%

- 1.4%

- 13.2%

- 8.6%

- 14.6%

+ 3.0%

$149,999 and Below

$150,000 to $199,999

$200,000 to $299,999

$300,000 to $499,999

$500,000 to $999,999

$1,000,000 and Above

Previously Owned

New Construction

Single-Family

Condo-Townhouse

All Properties

Single-Family

Condo-Townhouse

By Price Range

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

$149,999 and Below

3.1

2.5

- 19.4%

3.4

2.7

- 20.6%

2.3

1.9

- 17.4%

$150,000 to $199,999

2.3

2.2

- 4.3%

2.3

2.1

- 8.7%

2.3

2.8

+ 21.7%

$200,000 to $299,999

3.6

3.0

- 16.7%

3.7

2.9

- 21.6%

3.3

4.0

+ 21.2%

$300,000 to $499,999

5.0

4.2

- 16.0%

4.9

4.1

- 16.3%

7.0

5.9

- 15.7%

$500,000 to $999,999

8.2

7.8

- 4.9%

8.0

7.4

- 7.5%

10.0

11.2

+ 12.0%

$1,000,000 and Above

14.8

14.6

- 1.4%

15.1

14.8

- 2.0%

12.5

12.5

0.0%

All Price Ranges

4.0

3.5

- 12.5%

4.1

3.5

- 14.6%

3.3

3.4

+ 3.0%

7-2018

7-2019

Change

7-2018

7-2019

Change

7-2018

7-2019

Change

Previously Owned

3.9

3.4

- 13.2%

4.1

3.4

- 15.3%

3.3

3.3

- 0.4%

New Construction

4.3

3.9

- 8.6%

4.3

3.9

- 10.8%

3.8

4.6

+ 19.4%

All Property Types

4.0

3.5

- 12.5%

4.1

3.5

- 14.6%

3.3

3.4

+ 3.0%

By Construction Status

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. Report Š 2019 ShowingTime. | 21


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside / Mandarin / Bartram

- 20.0%

- 6.6%

+ 7.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 01

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

360

288

- 20.0%

2,380

2,202

- 7.5%

256

239

- 6.6%

1,679

1,606

- 4.3%

$240,000

$258,000

+ 7.5%

$235,000

$245,000

+ 4.3%

Percent of Original List Price Received*

97.2%

96.8%

- 0.4%

96.3%

96.0%

- 0.3%

Percent of Properties Sold Over List Price*

14.1%

15.5%

+ 9.9%

14.8%

13.0%

- 12.2%

Days on Market Until Sale

45

51

+ 13.3%

55

60

+ 9.1%

Inventory of Homes for Sale

860

698

- 18.8%

--

--

--

Months Supply of Inventory

3.7

3.0

- 18.9%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date 2,380

360 288

256

- 20.0% New Listings

2018

2,202 1,679

239

1,606

- 4.3% Closed Sales

- 7.5% New Listings

- 6.6% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Southside / Mandarin / Bartram

a

+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside

- 6.9%

- 2.6%

+ 6.8%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 02

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

494

460

- 6.9%

3,018

3,102

+ 2.8%

348

339

- 2.6%

2,203

2,221

+ 0.8%

$204,080

$218,000

+ 6.8%

$210,000

$205,000

- 2.4%

Percent of Original List Price Received*

97.1%

96.1%

- 1.0%

96.5%

96.0%

- 0.5%

Percent of Properties Sold Over List Price*

15.5%

10.6%

- 31.6%

15.5%

12.3%

- 20.6%

Days on Market Until Sale

49

47

- 4.1%

50

56

+ 12.0%

Inventory of Homes for Sale

929

964

+ 3.8%

--

--

--

Months Supply of Inventory

3.0

3.0

0.0%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

494

2019

Year to Date 3,018

460 348

- 6.9% New Listings

2018

3,102 2,221

2,203

339

+ 0.8% Closed Sales

+ 2.8% New Listings

- 2.6% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Southside

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Riverside / Avondale / Ortega

- 8.8%

- 1.8%

+ 1.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 03

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

68

62

- 8.8%

503

549

+ 9.1%

57

56

- 1.8%

319

359

+ 12.5%

$310,000

$314,450

+ 1.4%

$291,500

$290,000

- 0.5%

Percent of Original List Price Received*

94.3%

94.0%

- 0.3%

94.6%

93.5%

- 1.2%

Percent of Properties Sold Over List Price*

8.8%

3.6%

- 59.1%

10.3%

7.8%

- 24.3%

Days on Market Until Sale

69

74

+ 7.2%

68

77

+ 13.2%

Inventory of Homes for Sale

223

236

+ 5.8%

--

--

--

Months Supply of Inventory

5.1

5.0

- 2.0%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

68

62

57

2019

Year to Date 503

2018

549

56

359

319

- 8.8% New Listings

+ 12.5% Closed Sales

+ 9.1% New Listings

- 1.8% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Riverside / Avondale / Ortega

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Arlington / Fort Caroline

- 2.1%

- 8.1%

+ 10.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 04

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

235

230

- 2.1%

1,536

1,565

+ 1.9%

185

170

- 8.1%

1,118

1,206

+ 7.9%

$195,250

$215,500

+ 10.4%

$192,500

$207,000

+ 7.5%

Percent of Original List Price Received*

97.0%

96.2%

- 0.8%

96.7%

96.2%

- 0.5%

Percent of Properties Sold Over List Price*

18.9%

17.6%

- 6.9%

19.6%

18.6%

- 5.1%

Days on Market Until Sale

45

45

0.0%

51

51

0.0%

Inventory of Homes for Sale

486

418

- 14.0%

--

--

--

Months Supply of Inventory

3.0

2.4

- 20.0%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

235

2019

Year to Date

230 185

- 2.1% New Listings

1,536

2018

1,565

170

1,206

1,118

+ 7.9% Closed Sales

+ 1.9% New Listings

- 8.1% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Arlington / Fort Caroline

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

West Jacksonville

- 4.6%

- 3.1%

+ 2.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 06

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

237

226

- 4.6%

1,296

1,348

+ 4.0%

159

154

- 3.1%

974

1,071

+ 10.0%

$183,500

$188,500

+ 2.7%

$175,000

$185,000

+ 5.7%

Percent of Original List Price Received*

97.6%

97.6%

0.0%

97.3%

97.1%

- 0.2%

Percent of Properties Sold Over List Price*

17.6%

18.8%

+ 6.8%

20.3%

18.8%

- 7.4%

Days on Market Until Sale

59

41

- 30.5%

56

59

+ 5.4%

Inventory of Homes for Sale

448

372

- 17.0%

--

--

--

Months Supply of Inventory

3.2

2.4

- 25.0%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

237

2019

Year to Date

226

1,296 159

- 4.6% New Listings

2018

1,348

154

1,071

974

+ 10.0% Closed Sales

+ 4.0% New Listings

- 3.1% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

West Jacksonville

a

+ 30%

+ 20%

+ 10%

0%

- 10%

- 20%

- 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Fleming Island Area

- 17.6%

+ 3.2%

+ 0.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 12

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

68

56

- 17.6%

561

483

- 13.9%

63

65

+ 3.2%

376

358

- 4.8%

$290,000

$292,000

+ 0.7%

$269,900

$285,000

+ 5.6%

Percent of Original List Price Received*

96.9%

96.1%

- 0.8%

97.0%

96.9%

- 0.1%

Percent of Properties Sold Over List Price*

14.3%

9.2%

- 35.7%

11.2%

13.4%

+ 19.6%

Days on Market Until Sale

60

43

- 28.3%

53

50

- 5.7%

Inventory of Homes for Sale

197

135

- 31.5%

--

--

--

Months Supply of Inventory

3.7

2.6

- 29.7%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

68

63

56

2019

Year to Date 561

65

2018

483 376

- 17.6% New Listings

358

- 4.8% Closed Sales

- 13.9% New Listings

+ 3.2% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Fleming Island Area

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Orange Park

- 25.2%

- 4.7%

+ 12.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 13

July

Year to Date

2018

2019

+/–

2018

2019

New Listings

202

151

- 25.2%

1,285

1,203

- 6.4%

Closed Sales

148

141

- 4.7%

865

919

+ 6.2%

Median Sales Price*

+/–

$197,250

$222,700

+ 12.9%

$195,000

$212,108

+ 8.8%

Percent of Original List Price Received*

97.6%

96.6%

- 1.0%

97.3%

96.7%

- 0.6%

Percent of Properties Sold Over List Price*

21.6%

17.7%

- 18.1%

19.4%

18.8%

- 3.1%

Days on Market Until Sale

48

56

+ 16.7%

47

59

+ 25.5%

Inventory of Homes for Sale

437

320

- 26.8%

--

--

--

Months Supply of Inventory

3.5

2.4

- 31.4%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date 1,285

202 151

148

- 25.2% New Listings

2018

1,203 919

865

141

+ 6.2% Closed Sales

- 6.4% New Listings

- 4.7% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Orange Park

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Middleburg Vicinity

- 19.5%

- 4.0%

+ 14.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 14

July

Year to Date

2018

2019

+/–

New Listings

133

107

Closed Sales

100

96

Median Sales Price*

2018

2019

+/–

- 19.5%

789

783

- 0.8%

- 4.0%

558

683

+ 22.4%

$191,995

$219,500

+ 14.3%

$194,000

$206,350

+ 6.4%

Percent of Original List Price Received*

96.8%

96.8%

0.0%

96.6%

96.4%

- 0.2%

Percent of Properties Sold Over List Price*

20.0%

16.7%

- 16.5%

20.3%

17.6%

- 13.3%

Days on Market Until Sale

49

77

+ 57.1%

48

71

+ 47.9%

Inventory of Homes for Sale

304

205

- 32.6%

--

--

--

Months Supply of Inventory

4.1

2.2

- 46.3%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date

133

789

107

100

- 19.5% New Listings

2018

783

2019

683

96

558

+ 22.4% Closed Sales

- 0.8% New Listings

- 4.0% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Middleburg Vicinity

a

+ 30%

+ 20%

+ 10%

0%

- 10%

- 20%

- 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Green Cove Springs

+ 87.8%

+ 20.5%

+ 0.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 16

July 2018

2019

+/–

2018

2019

+/–

49

92

+ 87.8%

390

505

+ 29.5%

44

53

+ 20.5%

317

347

+ 9.5%

$227,950

$229,900

+ 0.9%

$228,500

$220,000

- 3.7%

New Listings Closed Sales Median Sales Price*

Year to Date

Percent of Original List Price Received*

96.7%

96.7%

0.0%

98.0%

96.5%

- 1.5%

Percent of Properties Sold Over List Price*

9.1%

20.8%

+ 128.6%

16.1%

14.4%

- 10.6%

Days on Market Until Sale

64

65

+ 1.6%

72

70

- 2.8%

Inventory of Homes for Sale

152

167

+ 9.9%

--

--

--

Months Supply of Inventory

3.6

3.6

0.0%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date

92

2018

2019

505

49

44

+ 87.8% New Listings

390

53

+ 9.5% Closed Sales

+ 29.5% New Listings

+ 20.5% Closed Sales

347

317

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Green Cove Springs

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Jacksonville Beach

- 27.8%

- 10.0%

- 11.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 21

July

Year to Date

2018

2019

+/–

2018

2019

+/–

New Listings

90

65

- 27.8%

643

559

- 13.1%

Closed Sales

70

63

- 10.0%

395

367

- 7.1%

Median Sales Price*

$399,850

$355,000

- 11.2%

$385,000

$395,000

+ 2.6%

Percent of Original List Price Received*

96.4%

95.3%

- 1.1%

95.8%

94.9%

- 0.9%

Percent of Properties Sold Over List Price*

8.6%

6.3%

- 26.7%

8.4%

8.2%

- 2.4%

Days on Market Until Sale

67

68

+ 1.5%

69

71

+ 2.9%

Inventory of Homes for Sale

269

242

- 10.0%

--

--

--

Months Supply of Inventory

5.3

4.6

- 13.2%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date 643

90 70

65

- 27.8% New Listings

2018

559

63

395

367

- 7.1% Closed Sales

- 13.1% New Listings

- 10.0% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Jacksonville Beach

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Neptune Beach

+ 50.0%

+ 11.1%

- 12.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 22

July 2018

2019

+/–

2018

2019

+/–

10

15

+ 50.0%

90

102

+ 13.3%

9

10

+ 11.1%

67

61

- 9.0%

$500,000

$438,500

- 12.3%

$450,000

$447,000

- 0.7% + 0.2%

New Listings Closed Sales Median Sales Price*

Year to Date

Percent of Original List Price Received*

96.8%

95.9%

- 0.9%

95.1%

95.3%

Percent of Properties Sold Over List Price*

0.0%

10.0%

--

9.0%

8.2%

- 8.9%

24

44

+ 83.3%

60

51

- 15.0%

Days on Market Until Sale Inventory of Homes for Sale

33

42

+ 27.3%

--

--

--

Months Supply of Inventory

3.5

4.7

+ 34.3%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date

15 10

9

+ 50.0% New Listings

90

10

2018

102 67

61

- 9.0% Closed Sales

+ 13.3% New Listings

+ 11.1% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Neptune Beach

a

+ 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Atlantic Beach

- 25.0%

+ 8.0%

- 8.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 23

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

44

33

- 25.0%

240

242

+ 0.8%

25

27

+ 8.0%

173

170

- 1.7%

$469,950

$429,000

- 8.7%

$425,000

$384,500

- 9.5%

Percent of Original List Price Received*

95.2%

94.8%

- 0.4%

95.6%

96.3%

+ 0.7%

Percent of Properties Sold Over List Price*

12.0%

18.5%

+ 54.2%

13.9%

12.4%

- 10.8%

Days on Market Until Sale

139

63

- 54.7%

84

72

- 14.3%

Inventory of Homes for Sale

107

93

- 13.1%

--

--

--

Months Supply of Inventory

4.6

4.1

- 10.9%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

2019

Year to Date

44

240 33 25

- 25.0% New Listings

2018

242 173

27

170

- 1.7% Closed Sales

+ 0.8% New Listings

+ 8.0% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Atlantic Beach

a

+ 60% + 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

North Beach / Mayport

- 73.3%

- 14.3%

- 19.8%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 24

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

15

4

- 73.3%

110

69

- 37.3%

7

6

- 14.3%

93

61

- 34.4%

$215,000

$172,500

- 19.8%

$200,000

$189,900

- 5.1%

Percent of Original List Price Received*

98.4%

94.3%

- 4.2%

98.9%

97.6%

- 1.3%

Percent of Properties Sold Over List Price*

42.9%

33.3%

- 22.4%

37.6%

27.9%

- 25.8%

55

49

- 10.9%

58

54

- 6.9%

Median Sales Price*

Days on Market Until Sale Inventory of Homes for Sale

28

14

- 50.0%

--

--

--

Months Supply of Inventory

2.3

1.5

- 34.8%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

Year to Date

2019

15

2018

2019

110 93 69 7 4

- 73.3% New Listings

61

6

- 34.4% Closed Sales

- 37.3% New Listings

- 14.3% Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

North Beach / Mayport

a

+ 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

NE St. Johns County – Ponte Vedra Beach North

- 43.8%

- 26.7%

- 28.8%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 25

July

New Listings Closed Sales Median Sales Price*

Year to Date

2018

2019

+/–

2018

2019

+/–

32

18

- 43.8%

258

195

- 24.4%

30

22

- 26.7%

166

150

- 9.6%

$760,000

$541,000

- 28.8%

$556,950

$614,243

+ 10.3%

Percent of Original List Price Received*

94.6%

94.4%

- 0.2%

93.4%

93.3%

- 0.1%

Percent of Properties Sold Over List Price*

3.3%

13.6%

+ 312.1%

5.4%

12.0%

+ 122.2%

Days on Market Until Sale

73

110

+ 50.7%

94

118

+ 25.5%

Inventory of Homes for Sale

135

94

- 30.4%

--

--

--

Months Supply of Inventory

6.3

4.6

- 27.0%

--

--

--

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

32

Year to Date

2019

195

22

- 43.8% New Listings

2019

258

30 18

2018

166

- 9.6% Closed Sales

- 24.4% New Listings

- 26.7% Closed Sales

150

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

NE St. Johns County – Ponte Vedra Beach North

a

+ 140% + 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% - 80% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

0.0%

- 9.6%

+ 3.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 26

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

81

81

0.0%

792

722

- 8.8%

73

66

- 9.6%

485

455

- 6.2%

$464,240

$482,250

+ 3.9%

$460,000

$500,000

+ 8.7%

Percent of Original List Price Received*

93.9%

93.5%

- 0.4%

94.6%

93.8%

- 0.8%

Percent of Properties Sold Over List Price*

4.1%

1.5%

- 63.4%

7.0%

3.5%

- 50.0%

Days on Market Until Sale

89

91

+ 2.2%

84

97

+ 15.5%

Inventory of Homes for Sale

383

361

- 5.7%

--

--

--

Months Supply of Inventory

5.9

5.9

0.0%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

81

81

73

2019

Year to Date 792

66

2018

722 485

0.0% New Listings

455

- 6.2% Closed Sales

- 8.8% New Listings

- 9.6% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Ponte Vedra Bch / S Ponte Vedra Beach / Vilano Bch / Palm Valley

a

+ 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Ponte Vedra / Nocatee (St. Johns County)

+ 12.9%

+ 18.1%

+ 11.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 27

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

101

114

+ 12.9%

685

729

+ 6.4%

83

98

+ 18.1%

462

555

+ 20.1%

$405,000

$449,983

+ 11.1%

$418,400

$435,000

+ 4.0%

Percent of Original List Price Received*

97.2%

97.3%

+ 0.1%

97.5%

97.4%

- 0.1%

Percent of Properties Sold Over List Price*

14.5%

9.2%

- 36.6%

13.4%

13.9%

+ 3.7%

Days on Market Until Sale

62

73

+ 17.7%

63

77

+ 22.2%

Inventory of Homes for Sale

245

246

+ 0.4%

--

--

--

Months Supply of Inventory

3.4

3.1

- 8.8%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

101

2019

Year to Date

114 83

+ 12.9% New Listings

555

462

+ 20.1% Closed Sales

+ 6.4% New Listings

+ 18.1% Closed Sales

2019

729

685

98

2018

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

Ponte Vedra / Nocatee (St. Johns County)

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.


Local Market Update – July 2019 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

St. Johns County NW

+ 6.8%

+ 2.4%

+ 3.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 30

July

New Listings Closed Sales

Year to Date

2018

2019

+/–

2018

2019

+/–

338

361

+ 6.8%

2,409

2,666

+ 10.7%

294

301

+ 2.4%

1,842

1,938

+ 5.2%

$324,271

$335,000

+ 3.3%

$317,995

$325,000

+ 2.2%

Percent of Original List Price Received*

97.0%

97.3%

+ 0.3%

96.7%

97.2%

+ 0.5%

Percent of Properties Sold Over List Price*

13.3%

11.3%

- 15.0%

10.9%

13.6%

+ 24.8%

Days on Market Until Sale

67

77

+ 14.9%

80

79

- 1.3%

Inventory of Homes for Sale

948

1,042

+ 9.9%

--

--

--

Months Supply of Inventory

3.7

4.0

+ 8.1%

--

--

--

Median Sales Price*

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

2018

338

2019

Year to Date

361 294

+ 6.8% New Listings

2,409

301

2018

2,666 1,938

1,842

+ 5.2% Closed Sales

+ 10.7% New Listings

+ 2.4% Closed Sales

2019

Change in Median Sales Price from Prior Year (6-Month Average)**

All MLS

b

St. Johns County - NW

a

+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

1-2015

1-2016

1-2017

1-2018

1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of August 8, 2019. All data from Northeast Florida Multiple Listing Service. | Report © 2019 ShowingTime.

Profile for Coldwell Banker Vanguard Realty

Market Insight July 2019  

Market Insight July 2019