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Market Insight - September 2020 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 share is 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.

September 2020

Quick Facts

Quick Facts

nto the fall,Strong which buyer is normally activity thehas start continued of the into the fall, which is normally the start of the ket. With stronger seasonal buyer slowing activity of the in the housing market market. With stronger buyer activity in the market ned supply this of homes year and for sale, the continued speedy sales constrained and supply of homesChange for sale, and in speedy sales Change in common occurrence multiple offers and will are keep likely the to remain housing a common occurrence andSales will keep the housing Closed Median Sales Price cooling. market hot even when the weather is cooling.

+ 16.6%

+ 8.6%

- 39.3% + 16.6% Change inChange in Inventory Closed Sales

+ 8.6%

- 39.3%

Change in Median Sales Price

Change in Inventory

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

region increased New Listings 6.1 percent in the to Northeast 3,215. Pending Florida region increased 6.1 Overview percent to 3,215. Pending Market Inventory levels Sales were fell 39.3 up percent 35.8 percent to 5,869 to 3,307. units. Inventory levels fell 39.3 percent to 5,869 units. New Listings

2

New Listings 3

3

Sales 8.6 percent to e Median Sales Prices Price continued increased to gain 8.6 percent traction.to The Median SalesPending Price increased n 6.1 percent $255,250. to 62 days. Days Sellers on Market were was down 6.1 percent toClosed 62 days. Sellers were Sales entory wasencouraged down 44.4 percent as Months to 2.0 Supply months. of Inventory was down 44.4 percent to 2.0 months. Days On Market Until Sale

Pending Sales 4

4

Closed Sales 5

5

Days On Market 6 Until Sale

6

cord lows, While The Mortgage mortgageBankers rates remain Association near record lows, TheMedian Mortgage Bankers Sales Price Association ghtening, which reports makes that itlending a bit more standards difficult are fortightening, whichAverage makes itSales a bit Price more difficult for time, unemployment some buyers remains to qualify. substantially At the same time, unemployment remains substantially Percent of Original List Received -19. Despite higher all this, than buyers a yearare ago out due in full to COVID-19. force Despite all this, buyers are out in Price full force

Median Sales 7 Price

7

Average Sales 8 Price

8

Percent of9Original List Price Received

9

n the middle thisoffall, a pandemic. showing amazing resilience in the middle ofPercent a pandemic. of Properties Sold Over List Price

Percent of 10Properties Sold Over List Price

10

Housing Affordability Index

Housing Affordability 11 Index

11

Inventory of Homes for Sale

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 October 8, 2020. All data from Northeast Florida Multiple Current ListingasService. of October Report 8, 2020. © 2020 All ShowingTime. data from Northeast | 1 Florida Multiple Listing Service. Report © 2020 ShowingTime. | 1


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

Key Metrics

Historical Sparklines

New Listings 9-2017

9-2018

9-2019

9-2017

9-2018

9-2019

9-2020

9-2017

9-2018

9-2019

9-2020

Closed Sales Days on Market Until Sale 9-2018

9-2019

9-2017

9-2018

9-2019

9-2020

9-2017

9-2018

9-2019

9-2020

Average Sales Price

Percent of Properties Sold Over List Price

9-2017

9-2018

9-2019

YTD 2019 YTD 2020

+/-

3,031

3,215

+ 6.1%

32,573

31,373

- 3.7%

2,436

3,307

+ 35.8%

25,322

27,686

+ 9.3%

2,660

3,102

+ 16.6%

24,581

25,240

+ 2.7%

66

62

- 6.1%

67

68

+ 1.5%

$235,000

$255,250

+ 8.6%

$232,000

$250,000

+ 7.8%

$271,754

$319,618

+ 17.6%

$275,875

$302,844

+ 9.8%

95.6%

97.1%

+ 1.6%

95.7%

96.4%

+ 0.7%

12.9%

16.9%

+ 31.0%

13.9%

14.9%

+ 7.2%

137

141

+ 2.9%

139

144

+ 3.6%

9,665

5,869

- 39.3%

--

--

--

3.6

2.0

- 44.4%

--

--

--

9-2020

9-2017

9-2018

9-2019

9-2020

9-2017

9-2018

9-2019

9-2020

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

+/-

9-2020

Median Sales Price

Percent of Original List Price Received

9-2020

9-2020

Pending Sales

9-2017

9-2019

9-2017

9-2018

9-2019

9-2020

9-2017

9-2018

9-2019

9-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 2


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

September 3,164

2018

Year To Date 3,215

3,031

-4.2%

+6.1%

2019

2020

32,197

2018

32,573

31,373

+1.2%

-3.7%

2019

2020

Month

Prior Year

Current Year

+/–

October 2019

3,420

3,588

+4.9%

November 2019

2,918

2,769

-5.1%

December 2019

2,063

2,184

+5.9%

January 2020

3,317

3,494

+5.3%

February 2020

3,395

3,397

+0.1%

March 2020

3,966

4,062

+2.4%

April 2020

4,008

3,170

-20.9%

May 2020

4,043

3,323

-17.8%

June 2020

3,560

3,603

+1.2%

July 2020

3,667

3,598

-1.9%

August 2020

3,586

3,511

-2.1%

September 2020

3,031

3,215

+6.1%

12-Month Avg

3,415

3,326

-2.6%

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 3


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

September

Year To Date 3,307

2,348

2018

23,756

2,436

+3.7%

+35.8%

2019

2020

2018

25,322

27,686

+6.6%

+9.3%

2019

2020

Month

Prior Year

Current Year

October 2019

2,482

2,650

+6.8%

November 2019

2,131

2,357

+10.6%

December 2019

1,868

2,137

+14.4%

January 2020

2,226

2,513

+12.9%

February 2020

2,490

2,747

+10.3%

+/–

March 2020

3,012

2,813

-6.6%

April 2020

3,207

2,375

-25.9%

May 2020

3,145

3,081

-2.0%

June 2020

2,976

3,683

+23.8%

July 2020

2,982

3,671

+23.1%

August 2020

2,848

3,496

+22.8%

September 2020

2,436

3,307

+35.8%

12-Month Avg

2,650

2,903

+9.5%

Historical Pending Sales Activity 4,000 3,750 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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 4


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

September

Year To Date 3,102 2,660

22,960

2,334

2018

+14.0%

+16.6%

2019

2020

2018

24,581

25,240

+7.1%

+2.7%

2019

2020

Month

Prior Year

Current Year

+/–

October 2019

2,544

2,565

+0.8%

November 2019

2,392

2,367

-1.0%

December 2019

2,360

2,758

+16.9%

January 2020

1,726

1,966

+13.9%

February 2020

2,123

2,392

+12.7%

March 2020

2,617

2,844

+8.7%

April 2020

3,028

2,476

-18.2%

May 2020

3,346

2,372

-29.1%

June 2020

3,024

3,202

+5.9%

July 2020

3,036

3,678

+21.1%

August 2020

3,021

3,208

+6.2%

September 2020

2,660

3,102

+16.6%

12-Month Avg

2,656

2,744

+4.5%

Historical Closed Sales Activity 4,000 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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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.

September

Year To Date 66

65

2018

62

+1.5%

-6.1%

2019

2020

Prior Year

Current Year

+/–

October 2019

59

65

+10.2%

November 2019

61

65

+6.6%

December 2019

69

71

+2.9%

January 2020

70

74

+5.7%

February 2020

76

73

-3.9%

March 2020

71

70

-1.4%

April 2020

67

67

0.0%

May 2020

66

63

-4.5%

June 2020

64

71

+10.9%

July 2020

64

70

+9.4%

August 2020

62

62

0.0%

September 2020

66

62

-6.1%

12-Month Avg

66

67

+2.2%

Month

68

67

64

+4.7%

+1.5%

2019

2020

2018

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 6


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

September

Year To Date

$255,250

$235,000

$216,945

2018

$223,000

+8.3%

+8.6%

2019

2020

2018

Prior Year

Current Year

+/–

October 2019

$212,000

$235,000

+10.8%

November 2019

$220,000

$232,000

+5.5%

December 2019

$226,850

$240,000

+5.8%

January 2020

$207,000

$230,375

+11.3%

February 2020

$225,000

$237,000

+5.3%

March 2020

$230,000

$244,000

+6.1%

April 2020

$225,000

$249,900

+11.1%

May 2020

$232,000

$247,500

+6.7%

June 2020

$242,000

$255,000

+5.4%

July 2020

$241,500

$264,881

+9.7%

August 2020

$240,850

$260,750

+8.3%

September 2020

$235,000

$255,250

+8.6%

12-Month Med

$229,990

$248,000

+7.8%

Month

$232,000

$250,000

+4.0%

+7.8%

2019

2020

Historical Median Sales Price $280,000 $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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 7


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

September

Year To Date $319,618

$302,844

$271,754

$256,619

2018

$266,682

+ 5.9%

+ 17.6%

2019

2020

2018

Prior Year

Current Year

+/–

October 2019

$263,524

$272,670

+3.5%

November 2019

$261,197

$271,027

+3.8%

December 2019

$267,576

$289,266

+8.1%

January 2020

$243,161

$273,690

+12.6%

February 2020

$256,406

$283,532

+10.6%

March 2020

$269,086

$286,524

+6.5%

April 2020

$277,186

$297,006

+7.2%

May 2020

$274,990

$287,878

+4.7%

June 2020

$297,599

$309,527

+4.0%

July 2020

$282,706

$323,634

+14.5%

August 2020

$288,770

$318,398

+10.3%

September 2020

$271,754

$319,618

+17.6%

12-Month Avg

$273,174

$297,069

+8.7%

Month

$275,875

+ 3.4%

+ 9.8%

2019

2020

Historical Average Sales Price $340,000 $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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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.

September 95.6%

2018

Year To Date 97.1%

95.6%

0.0%

+1.6%

2019

2020

95.8%

2018

95.7%

96.4%

-0.1%

+0.7%

2019

2020

Month

Prior Year

Current Year

+/–

October 2019

95.3%

95.4%

+0.1%

November 2019

95.1%

95.3%

+0.2%

December 2019

94.7%

95.6%

+1.0%

January 2020

94.5%

95.0%

+0.5%

February 2020

95.1%

95.8%

+0.7%

March 2020

95.6%

96.3%

+0.7%

April 2020

95.5%

96.4%

+0.9%

May 2020

96.2%

96.4%

+0.2%

June 2020

96.3%

96.1%

-0.2%

July 2020

95.9%

96.5%

+0.6%

August 2020

96.1%

96.9%

+0.8%

September 2020

95.6%

97.1%

+1.6%

12-Month Avg

95.6%

96.1%

+0.5%

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report © 2020 ShowingTime. | 9


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

September

Year To Date 16.9%

13.5%

2018

14.3%

13.9%

14.9%

12.9%

-4.4%

+31.0%

2019

2020

-2.8%

+7.2%

2019

2020

2018

Month

Prior Year

Current Year

October 2019

12.6%

11.7%

-7.1%

November 2019

13.5%

11.6%

-14.1%

December 2019

12.7%

12.1%

-4.7%

January 2020

11.7%

11.2%

-4.3%

February 2020

13.0%

12.5%

-3.8%

March 2020

15.3%

14.2%

-7.2%

April 2020

14.4%

15.3%

+6.3%

May 2020

15.1%

14.2%

-6.0%

June 2020

14.1%

13.6%

-3.5%

July 2020

13.7%

15.8%

+15.3%

August 2020

13.9%

17.7%

+27.3%

September 2020

12.9%

16.9%

+31.0%

12-Month Avg

13.7%

14.1%

+3.1%

+/–

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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.

September 139

Year To Date 141

137

2018

-1.4%

+2.9%

2019

2020

144

139

135

2018

Prior Year

Current Year

October 2019

139

137

-1.4%

November 2019

136

142

+4.4%

December 2019

136

137

+0.7%

January 2020

149

147

-1.3%

February 2020

137

143

+4.4%

March 2020

136

138

+1.5%

April 2020

140

135

-3.6%

May 2020

136

138

+1.5%

June 2020

130

136

+4.6%

July 2020

133

134

+0.8%

August 2020

137

136

-0.7%

September 2020

137

141

+2.9%

12-Month Avg

137

139

+1.1%

Month

+3.0%

+3.6%

2019

2020

+/–

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 11


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

September

Prior Year

Month

9,984

9,665 5,869

2018

-3.2%

-39.3%

2019

2020

Current Year

+/–

October 2019

10,013

9,733

-2.8%

November 2019

9,976

9,396

-5.8%

December 2019

9,199

8,528

-7.3%

January 2020

9,474

8,808

-7.0%

February 2020

9,662

8,851

-8.4%

March 2020

9,856

9,353

-5.1%

April 2020

9,975

9,364

-6.1%

May 2020

10,049

8,904

-11.4%

June 2020

9,948

8,132

-18.3%

July 2020

9,913

7,369

-25.7%

August 2020

9,880

6,705

-32.1%

September 2020

9,665

5,869

-39.3%

12-Month Avg

9,801

8,418

-14.1%

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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.

September

Prior Year

Current Year

October 2019

4.0

3.7

-7.5%

November 2019

4.0

3.5

-12.5%

December 2019

3.7

3.2

-13.5%

January 2020

3.7

3.2

-13.5%

February 2020

3.8

3.2

-15.8%

Month

4.0

3.6

2.0

2018

-10.0%

-44.4%

2019

2020

+/–

March 2020

3.9

3.4

-12.8%

April 2020

3.9

3.5

-10.3%

May 2020

3.9

3.3

-15.4%

June 2020

3.8

3.0

-21.1%

July 2020

3.8

2.7

-28.9%

August 2020

3.7

2.4

-35.1%

September 2020

3.6

2.0

-44.4%

12-Month Avg

3.8

3.1

-18.8%

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

1-2020

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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.

September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Quick Facts + 36.3%

+ 30.3%

+ 11.1%

Price Range With Strongest Sales:

Construction Status With Strongest Sales:

Property Type With Strongest Sales:

$1,000,000 and Above

New Construction

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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report © 2020 ShowingTime. | 14


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

By Price Range 9-2019

By Construction Status

9-2020

9-2019

26,699

11,717

By Property Type 9-2019

9-2020

28,178 26,324

9,991

9-2020

29,235

8,675 6,988

6,568 5,428

5,577 5,390 2,263

3,053

5,104 416

6,652

5,595

5,479

567

- 17.4%

- 3.4%

+ 17.3%

+ 24.1%

+ 34.9%

+ 36.3%

+ 5.5%

+ 30.3%

+ 11.1%

+ 2.1%

$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

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

$149,999 and Below

6,568

5,428

- 17.4%

4,547

3,852

- 15.3%

2,021

1,576

- 22.0%

$150,000 to $199,999

5,577

5,390

- 3.4%

4,057

3,803

- 6.3%

1,520

1,587

+ 4.4%

$200,000 to $299,999

9,991

11,717

+ 17.3%

8,963

10,332

+ 15.3%

1,028

1,385

+ 34.7%

$300,000 to $499,999

6,988

8,675

+ 24.1%

6,343

8,003

+ 26.2%

645

672

+ 4.2%

$500,000 to $999,999

2,263

3,053

+ 34.9%

2,055

2,752

+ 33.9%

208

301

+ 44.7%

$1,000,000 and Above

416

567

+ 36.3%

359

493

+ 37.3%

57

74

+ 29.8%

All Price Ranges

31,803

34,830

+ 9.5%

26,324

29,235

+ 11.1%

5,479

5,595

+ 2.1%

By Construction Status

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

Previously Owned

26,699

28,178

+ 5.5%

21,672

23,257

+ 7.3%

5,027

4,921

- 2.1%

New Construction

5,104

6,652

+ 30.3%

4,652

5,978

+ 28.5%

452

674

+ 49.1%

All Property Types

31,803

34,830

+ 9.5%

26,324

29,235

+ 11.1%

5,479

5,595

+ 2.1%

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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 9-2019

By Construction Status

9-2020

9-2019

124

82 54

66

64 47

64

93

95

128

94

60

74

By Property Type

9-2020

92

9-2019

9-2020

68

68

65

62 57

49

+ 18.5%

+ 4.3%

- 3.0%

- 9.8%

+ 1.1%

+ 3.2%

+ 3.3%

- 3.2%

0.0%

+ 14.0%

$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

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

$149,999 and Below

54

64

+ 18.5%

58

67

+ 15.5%

46

57

+ 23.9%

$150,000 to $199,999

47

49

+ 4.3%

47

49

+ 4.3%

46

52

+ 13.0%

$200,000 to $299,999

66

64

- 3.0%

66

63

- 4.5%

66

69

+ 4.5%

$300,000 to $499,999

82

74

- 9.8%

81

73

- 9.9%

83

89

+ 7.2%

$500,000 to $999,999

93

94

+ 1.1%

91

92

+ 1.1%

114

110

- 3.5%

$1,000,000 and Above

124

128

+ 3.2%

126

129

+ 2.4%

108

122

+ 13.0%

All Price Ranges

66

67

+ 1.5%

68

68

0.0%

57

65

+ 14.0%

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

60

62

+ 3.3%

61

62

+ 1.6%

56

62

+ 10.7%

By Construction Status Previously Owned New Construction

95

92

- 3.2%

98

92

- 6.1%

66

92

+ 39.4%

All Property Types

66

67

+ 1.5%

68

68

0.0%

57

65

+ 14.0%

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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 9-2019

By Property Type 9-2019

9-2020

$297,452 $215,000

$292,180

$234,900

$229,990

$248,000

$244,000

$260,000

$162,500

+ 9.3%

- 1.8%

Previously Owned

New Construction

+ 7.8% All Properties

All Properties By Construction Status

9-2020

+ 6.6%

+ 9.8%

Single-Family

Single-Family

$178,500

Condo-Townhouse

Condo-Townhouse

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

Previously Owned

$215,000

$234,900

+ 9.3%

$227,500

$249,000

+ 9.5%

$160,000

$170,100

+ 6.3%

New Construction

$297,452

$292,180

- 1.8%

$301,384

$298,382

- 1.0%

$229,656

$239,780

+ 4.4%

All Construction Statuses

$229,990

$248,000

+ 7.8%

$244,000

$260,000

+ 6.6%

$162,500

$178,500

+ 9.8%

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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 9-2019

96.5% 96.8%

92.7%

By Construction Status

9-2020

9-2019 96.7%

97.4%

By Property Type 9-2019

9-2020

97.0% 96.2%

95.7%

96.3%

9-2020

96.2%

98.6% 98.8%

96.0% 95.8%

92.0%

91.7%

92.0%

95.0%

95.6%

95.5%

- 0.8%

+ 0.3%

+ 0.7%

+ 0.8%

+ 0.6%

+ 0.3%

+ 0.6%

+ 0.2%

+ 0.7%

+ 0.2%

$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

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

$149,999 and Below

92.7%

92.0%

- 0.8%

91.5%

90.8%

- 0.8%

95.1%

95.0%

- 0.1%

$150,000 to $199,999

96.5%

96.8%

+ 0.3%

96.3%

96.6%

+ 0.3%

97.2%

97.2%

0.0%

$200,000 to $299,999

96.7%

97.4%

+ 0.7%

96.8%

97.5%

+ 0.7%

96.0%

96.6%

+ 0.6%

$300,000 to $499,999

96.2%

97.0%

+ 0.8%

96.3%

97.1%

+ 0.8%

95.1%

95.9%

+ 0.8%

$500,000 to $999,999

95.7%

96.3%

+ 0.6%

95.8%

96.5%

+ 0.7%

94.8%

94.2%

- 0.6%

$1,000,000 and Above

91.7%

92.0%

+ 0.3%

91.6%

91.9%

+ 0.3%

92.5%

92.5%

0.0%

All Price Ranges

95.6%

96.1%

+ 0.5%

95.5%

96.2%

+ 0.7%

95.8%

96.0%

+ 0.2%

By Construction Status

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

Previously Owned

95.0%

95.6%

+ 0.6%

94.9%

95.5%

+ 0.6%

95.5%

95.8%

+ 0.3%

New Construction

98.6%

98.8%

+ 0.2%

98.6%

98.9%

+ 0.3%

98.2%

97.8%

- 0.4%

All Property Types

95.6%

96.1%

+ 0.5%

95.5%

96.2%

+ 0.7%

95.8%

96.0%

+ 0.2%

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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 9-2019

16.4%

By Construction Status

9-2020

9-2019

By Property Type 9-2019

9-2020

14.7% 15.2%

17.2%

17.5% 14.0%

16.0%

15.4%

14.4% 12.7% 11.2%

13.0%

14.3%

9-2020

13.6% 9.1%

12.1% 10.6%

5.5%

8.6%

6.7%

+ 6.6%

+ 9.6%

+ 13.6%

+ 14.9%

+ 23.1%

- 10.0%

+ 9.6%

- 21.2%

+ 3.7%

- 5.6%

$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

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

$149,999 and Below

16.4%

17.5%

+ 6.6%

18.5%

20.3%

+ 9.8%

10.6%

10.5%

- 0.5% + 35.0%

$150,000 to $199,999

14.0%

15.4%

+ 9.6%

15.0%

16.4%

+ 9.5%

5.7%

7.7%

$200,000 to $299,999

11.2%

12.7%

+ 13.6%

11.7%

13.4%

+ 13.7%

5.8%

5.6%

- 3.6%

$300,000 to $499,999

10.6%

12.1%

+ 14.9%

11.3%

13.0%

+ 15.3%

3.8%

4.1%

+ 6.3%

$500,000 to $999,999

5.5%

6.7%

+ 23.1%

5.6%

7.1%

+ 26.8%

4.8%

4.3%

- 10.0%

$1,000,000 and Above

16.0%

14.4%

- 10.0%

18.2%

16.3%

- 10.3%

11.3%

9.8%

- 12.6%

All Price Ranges

13.7%

14.1%

+ 3.1%

14.7%

15.2%

+ 3.7%

9.1%

8.6%

- 5.6%

By Construction Status

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

Previously Owned

13.0%

14.3%

+ 9.6%

13.9%

15.5%

+ 11.2%

9.0%

8.5%

- 6.3%

New Construction

17.2%

13.6%

- 21.2%

17.9%

14.0%

- 22.0%

9.6%

9.5%

- 1.0%

All Property Types

13.7%

14.1%

+ 3.1%

14.7%

15.2%

+ 3.7%

9.1%

8.6%

- 5.6%

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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 9-2019

By Construction Status

9-2020

9-2019

By Property Type 9-2019

9-2020

8,115

7,927

2,602

9-2020

2,331 1,743

1,351

1,143

4,771

4,747

1,617

1,556

897

835

624

495

1,738 340

1,550

1,122

1,098

- 52.1%

- 45.4%

- 40.2%

- 30.6%

- 33.6%

- 31.3%

- 40.1%

- 35.4%

- 41.2%

- 29.2%

$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

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

$149,999 and Below

1,743

835

- 52.1%

1,363

617

- 54.7%

380

218

- 42.6%

$150,000 to $199,999

1,143

624

- 45.4%

811

399

- 50.8%

332

225

- 32.2%

$200,000 to $299,999

2,602

1,556

- 40.2%

2,282

1,262

- 44.7%

320

294

- 8.1%

$300,000 to $499,999

2,331

1,617

- 30.6%

2,070

1,415

- 31.6%

261

202

- 22.6%

$500,000 to $999,999

1,351

897

- 33.6%

1,146

764

- 33.3%

205

133

- 35.1%

$1,000,000 and Above

495

340

- 31.3%

443

314

- 29.1%

52

26

- 50.0%

9,665

5,869

- 39.3%

8,115

4,771

- 41.2%

1,550

1,098

- 29.2%

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

Previously Owned

7,927

4,747

- 40.1%

6,561

3,841

- 41.5%

1,366

906

- 33.7%

New Construction

1,738

1,122

- 35.4%

1,554

930

- 40.2%

184

192

+ 4.3%

All Property Types

9,665

5,869

- 39.3%

8,115

4,771

- 41.2%

1,550

1,098

- 29.2%

All Price Ranges

By Construction Status

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 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 9-2019

By Construction Status

9-2020

9-2019

14.3

3.2 1.8

2.5

4.0

3.1

3.7

4.1

3.4 2.4

2.0

2.0

2.0

9-2020

3.5 2.2

1.6

1.4

9-2019

3.6 7.2

7.2

By Property Type

9-2020

- 43.8%

- 44.0%

- 48.4%

- 45.0%

- 51.4%

- 49.7%

- 43.3%

- 50.5%

- 45.9%

- 29.4%

$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

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

$149,999 and Below

3.2

1.8

- 43.8%

3.6

1.9

- 47.2%

2.3

1.7

- 26.1%

$150,000 to $199,999

2.5

1.4

- 44.0%

2.4

1.3

- 45.8%

2.6

1.7

- 34.6%

$200,000 to $299,999

3.1

1.6

- 48.4%

3.1

1.5

- 51.6%

3.7

2.5

- 32.4%

$300,000 to $499,999

4.0

2.2

- 45.0%

3.9

2.1

- 46.2%

4.9

3.6

- 26.5%

$500,000 to $999,999

7.2

3.5

- 51.4%

6.7

3.3

- 50.7%

11.8

5.3

- 55.1%

$1,000,000 and Above

14.3

7.2

- 49.7%

14.8

7.6

- 48.6%

10.9

4.2

- 61.5%

All Price Ranges

3.6

2.0

- 44.4%

3.7

2.0

- 45.9%

3.4

2.4

- 29.4%

9-2019

9-2020

Change

9-2019

9-2020

Change

9-2019

9-2020

Change

Previously Owned

3.6

2.0

- 43.3%

3.6

2.0

- 45.4%

3.3

2.2

- 32.2%

New Construction

4.1

2.0

- 50.5%

4.0

1.9

- 53.4%

4.9

3.4

- 30.0%

All Property Types

3.6

2.0

- 44.4%

3.7

2.0

- 45.9%

3.4

2.4

- 29.4%

By Construction Status

Current as of October 8, 2020. All data from Northeast Florida Multiple Listing Service. Report Š 2020 ShowingTime. | 21


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside / Mandarin / Bartram

+ 12.7%

+ 3.5%

+ 5.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 01

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

245

276

+ 12.7%

2,754

2,613

- 5.1%

260

269

+ 3.5%

2,156

2,048

- 5.0%

$240,700

$255,000

+ 5.9%

$242,945

$255,000

+ 5.0%

Percent of Original List Price Received*

95.1%

97.3%

+ 2.3%

95.9%

96.8%

+ 0.9%

Percent of Properties Sold Over List Price*

11.2%

18.2%

+ 62.5%

13.1%

16.9%

+ 29.0%

Days on Market Until Sale

59

47

- 20.3%

59

56

- 5.1%

Inventory of Homes for Sale

693

515

- 25.7%

--

--

--

Months Supply of Inventory

3.0

2.2

- 26.7%

--

--

--

Median Sales Price*

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

September

2019

276

245

Year to Date

2020

2,754

269

260

2019

2,613 2,156

+ 12.7% New Listings

2,048

- 5.0% Closed Sales

- 5.1% New Listings

+ 3.5% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside

+ 14.9%

+ 17.9%

+ 6.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 02

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

362

416

+ 14.9%

3,884

3,904

+ 0.5%

330

389

+ 17.9%

2,921

3,088

+ 5.7%

$226,000

$240,000

+ 6.2%

$210,000

$243,183

+ 15.8%

Percent of Original List Price Received*

96.6%

97.8%

+ 1.2%

96.2%

97.0%

+ 0.8%

Percent of Properties Sold Over List Price*

12.1%

22.4%

+ 85.1%

12.4%

15.3%

+ 23.4%

Days on Market Until Sale

55

50

- 9.1%

55

59

+ 7.3%

Inventory of Homes for Sale

969

685

- 29.3%

--

--

--

Months Supply of Inventory

3.0

1.9

- 36.7%

--

--

--

Median Sales Price*

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

September

2019

416

362

389

330

+ 14.9% New Listings

Year to Date

2020

3,884

2019

3,904 3,088

2,921

+ 5.7% Closed Sales

+ 0.5% New Listings

+ 17.9% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Riverside / Avondale / Ortega

- 11.9%

+ 56.4%

+ 42.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 03

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

67

59

- 11.9%

678

620

- 8.6%

39

61

+ 56.4%

456

473

+ 3.7%

$263,500

$375,000

+ 42.3%

$287,750

$317,500

+ 10.3%

Percent of Original List Price Received*

92.9%

95.3%

+ 2.6%

93.5%

95.2%

+ 1.8%

Percent of Properties Sold Over List Price*

12.8%

18.0%

+ 40.6%

8.6%

14.4%

+ 67.4%

Days on Market Until Sale

78

74

- 5.1%

76

81

+ 6.6%

Inventory of Homes for Sale

229

166

- 27.5%

--

--

--

Months Supply of Inventory

4.7

3.1

- 34.0%

--

--

--

Median Sales Price*

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

September 67

2019

Year to Date

2020

678

61

59

2019

620 473

456

39

- 11.9% New Listings

+ 3.7% Closed Sales

- 8.6% New Listings

+ 56.4% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Arlington / Fort Caroline

- 6.6%

- 8.5%

+ 12.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 04

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

197

184

- 6.6%

1,983

1,754

- 11.5%

177

162

- 8.5%

1,606

1,451

- 9.7%

$203,000

$228,500

+ 12.6%

$207,700

$220,000

+ 5.9%

Percent of Original List Price Received*

96.5%

97.9%

+ 1.5%

96.4%

97.2%

+ 0.8%

Percent of Properties Sold Over List Price*

14.1%

19.8%

+ 40.4%

18.5%

21.3%

+ 15.1%

Days on Market Until Sale

49

44

- 10.2%

50

46

- 8.0%

Inventory of Homes for Sale

419

234

- 44.2%

--

--

--

Months Supply of Inventory

2.4

1.4

- 41.7%

--

--

--

Median Sales Price*

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

September 197

2019

184

1,983

177

- 6.6% New Listings

Year to Date

2020

162

2019

1,754

1,606

1,451

- 9.7% Closed Sales

- 11.5% New Listings

- 8.5% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

West Jacksonville

+ 7.5%

- 2.3%

+ 4.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 06

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

161

173

+ 7.5%

1,749

1,709

- 2.3%

173

169

- 2.3%

1,440

1,491

+ 3.5%

$194,000

$202,990

+ 4.6%

$186,000

$200,000

+ 7.5%

Percent of Original List Price Received*

97.2%

98.9%

+ 1.7%

97.0%

97.5%

+ 0.5%

Percent of Properties Sold Over List Price*

15.6%

23.1%

+ 48.1%

17.8%

18.8%

+ 5.6%

Days on Market Until Sale

50

53

+ 6.0%

58

57

- 1.7%

Inventory of Homes for Sale

421

238

- 43.5%

--

--

--

Months Supply of Inventory

2.7

1.4

- 48.1%

--

--

--

Median Sales Price*

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

September

2019

173

161

173

+ 7.5% New Listings

Year to Date

2020

1,749

169

2019

1,709

1,491

1,440

+ 3.5% Closed Sales

- 2.3% New Listings

- 2.3% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Fleming Island Area

- 21.0%

+ 42.6%

+ 6.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 12

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

62

49

- 21.0%

606

595

- 1.8%

47

67

+ 42.6%

473

511

+ 8.0%

$301,608

$320,000

+ 6.1%

$290,000

$299,900

+ 3.4%

Percent of Original List Price Received*

96.6%

97.6%

+ 1.0%

96.5%

97.3%

+ 0.8%

Percent of Properties Sold Over List Price*

15.2%

16.4%

+ 7.9%

12.3%

16.4%

+ 33.3%

Days on Market Until Sale

53

52

- 1.9%

55

52

- 5.5%

Inventory of Homes for Sale

133

89

- 33.1%

--

--

--

Months Supply of Inventory

2.5

1.6

- 36.0%

--

--

--

Median Sales Price*

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

September

2019

Year to Date

2020

606

67

62 49

2019

595

- 21.0% New Listings

511

473

47

+ 8.0% Closed Sales

- 1.8% New Listings

+ 42.6% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Orange Park

+ 0.8%

- 2.5%

+ 5.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 13

September

Year to Date

2019

2020

+/–

New Listings

132

133

Closed Sales

120

117

Median Sales Price*

2019

2020

+/–

+ 0.8%

1,515

1,295

- 14.5%

- 2.5%

1,210

1,130

- 6.6%

$223,000

$235,000

+ 5.4%

$214,000

$229,900

+ 7.4%

Percent of Original List Price Received*

96.8%

98.6%

+ 1.9%

96.8%

97.7%

+ 0.9%

Percent of Properties Sold Over List Price*

20.0%

19.8%

- 1.0%

19.2%

20.1%

+ 4.7%

Days on Market Until Sale

51

42

- 17.6%

56

59

+ 5.4%

Inventory of Homes for Sale

338

172

- 49.1%

--

--

--

Months Supply of Inventory

2.5

1.3

- 48.0%

--

--

--

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

September

2019

133

132

120

+ 0.8% New Listings

Year to Date

2020

2019

2020

1,515

117

1,295

1,210

- 6.6% Closed Sales

- 14.5% New Listings

- 2.5% Closed Sales

1,130

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Middleburg Vicinity

+ 20.0%

+ 49.4%

+ 14.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 14

September

Year to Date

2019

2020

+/–

2019

2020

+/–

New Listings

95

114

+ 20.0%

987

1,006

+ 1.9%

Closed Sales

77

115

+ 49.4%

872

806

- 7.6%

Median Sales Price*

$205,000

$235,000

+ 14.6%

$207,990

$225,000

+ 8.2%

Percent of Original List Price Received*

95.5%

98.5%

+ 3.1%

96.5%

97.1%

+ 0.6%

Percent of Properties Sold Over List Price*

20.8%

19.1%

- 8.2%

17.8%

18.5%

+ 3.9%

Days on Market Until Sale

69

60

- 13.0%

69

64

- 7.2%

Inventory of Homes for Sale

243

183

- 24.7%

--

--

--

Months Supply of Inventory

2.6

2.0

- 23.1%

--

--

--

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

September

2019

Year to Date

2020

987

115

114 95

2019

1,006

872

806

77

+ 20.0% New Listings

- 7.6% Closed Sales

+ 1.9% New Listings

+ 49.4% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Green Cove Springs

+ 28.6%

+ 73.6%

+ 11.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 16

September

New Listings Closed Sales Median Sales Price*

Year to Date

2019

2020

+/–

2019

2020

+/–

70

90

+ 28.6%

672

745

+ 10.9%

53

92

+ 73.6%

479

622

+ 29.9%

$220,000

$245,500

+ 11.6%

$220,990

$229,945

+ 4.1% + 1.2%

Percent of Original List Price Received*

96.8%

98.1%

+ 1.3%

96.6%

97.8%

Percent of Properties Sold Over List Price*

9.4%

10.9%

+ 16.0%

13.6%

12.4%

- 8.8%

Days on Market Until Sale

52

73

+ 40.4%

65

68

+ 4.6%

Inventory of Homes for Sale

207

118

- 43.0%

--

--

--

Months Supply of Inventory

4.0

1.6

- 60.0%

--

--

--

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

September

2019

Year to Date

2020

92

90

672

2019

745 622

70

479

53

+ 28.6% New Listings

2020

+ 29.9% Closed Sales

+ 10.9% New Listings

+ 73.6% Closed Sales

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Jacksonville Beach

+ 21.6%

+ 34.3%

+ 11.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 21

September

Year to Date

2019

2020

+/–

2019

2020

New Listings

51

62

+ 21.6%

665

642

- 3.5%

Closed Sales

35

47

+ 34.3%

470

498

+ 6.0%

Median Sales Price*

+/–

$385,000

$429,900

+ 11.7%

$397,250

$438,000

+ 10.3%

Percent of Original List Price Received*

92.5%

98.8%

+ 6.8%

94.9%

96.2%

+ 1.4%

Percent of Properties Sold Over List Price*

5.7%

14.9%

+ 161.4%

7.9%

9.2%

+ 16.5%

Days on Market Until Sale

87

65

- 25.3%

71

71

0.0%

Inventory of Homes for Sale

204

131

- 35.8%

--

--

--

Months Supply of Inventory

3.9

2.4

- 38.5%

--

--

--

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

September

2019

Year to Date

2020

665

62 51

2019

2020

642 498

470

47 35

+ 21.6% New Listings

+ 6.0% Closed Sales

- 3.5% New Listings

+ 34.3% Closed Sales

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Neptune Beach

- 64.3%

+ 25.0%

- 16.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 22

September

New Listings Closed Sales Median Sales Price*

Year to Date

2019

2020

+/–

2019

2020

+/–

14

5

- 64.3%

135

114

- 15.6%

8

10

+ 25.0%

84

97

+ 15.5%

$794,500

$662,500

- 16.6%

$452,500

$477,000

+ 5.4%

Percent of Original List Price Received*

95.0%

97.4%

+ 2.5%

95.3%

96.0%

+ 0.7%

Percent of Properties Sold Over List Price*

0.0%

10.0%

--

7.1%

7.2%

+ 1.4%

105

54

- 48.6%

59

58

- 1.7%

Days on Market Until Sale Inventory of Homes for Sale

49

21

- 57.1%

--

--

--

Months Supply of Inventory

5.7

2.0

- 64.9%

--

--

--

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

September

2019

Year to Date

2020

14

135 10

8

2019

114

2020

97

84

5

- 64.3% New Listings

+ 15.5% Closed Sales

- 15.6% New Listings

+ 25.0% Closed Sales

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Atlantic Beach

- 15.4%

+ 5.0%

+ 15.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 23

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

26

22

- 15.4%

304

239

- 21.4%

20

21

+ 5.0%

217

200

- 7.8%

$443,338

$512,500

+ 15.6%

$390,000

$463,750

+ 18.9%

Percent of Original List Price Received*

97.2%

94.9%

- 2.4%

97.0%

94.7%

- 2.4%

Percent of Properties Sold Over List Price*

25.0%

14.3%

- 42.8%

14.7%

17.0%

+ 15.6%

Days on Market Until Sale

66

66

0.0%

71

74

+ 4.2%

Inventory of Homes for Sale

100

51

- 49.0%

--

--

--

Months Supply of Inventory

4.5

2.3

- 48.9%

--

--

--

Median Sales Price*

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

September

2019

Year to Date

2020

2019

2020

304

26 22

21

20

- 15.4% New Listings

239

217

- 7.8% Closed Sales

- 21.4% New Listings

+ 5.0% Closed Sales

200

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

North Beach / Mayport

- 23.1%

+ 12.5%

- 2.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 24

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

13

10

- 23.1%

92

116

+ 26.1%

8

9

+ 12.5%

79

102

+ 29.1%

$225,000

$220,000

- 2.2%

$202,000

$234,250

+ 16.0%

Percent of Original List Price Received*

98.6%

98.9%

+ 0.3%

97.7%

98.6%

+ 0.9%

Percent of Properties Sold Over List Price*

12.5%

33.3%

+ 166.4%

24.1%

30.4%

+ 26.1%

42

31

- 26.2%

51

36

- 29.4%

Median Sales Price*

Days on Market Until Sale Inventory of Homes for Sale

21

9

- 57.1%

--

--

--

Months Supply of Inventory

2.5

0.8

- 68.0%

--

--

--

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

September

2019

Year to Date

2020

13

2019

116

10 8

- 23.1% New Listings

102

92

9

79

+ 29.1% Closed Sales

+ 26.1% New Listings

+ 12.5% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

NE St. Johns County – Ponte Vedra Beach North

- 38.5%

+ 70.0%

+ 141.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 25

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

26

16

- 38.5%

245

264

+ 7.8%

10

17

+ 70.0%

189

210

+ 11.1%

$298,500

$720,000

+ 141.2%

$580,000

$602,500

+ 3.9%

Percent of Original List Price Received*

94.9%

95.8%

+ 0.9%

93.7%

94.9%

+ 1.3%

Percent of Properties Sold Over List Price*

10.0%

11.8%

+ 18.0%

11.1%

8.6%

- 22.5%

72

116

+ 61.1%

113

82

- 27.4%

Median Sales Price*

Days on Market Until Sale Inventory of Homes for Sale

88

65

- 26.1%

--

--

--

Months Supply of Inventory

4.6

2.8

- 39.1%

--

--

--

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

September

2019

Year to Date

2020

26

245

2019

264 210

189

17

16

2020

10

- 38.5% New Listings

+ 11.1% Closed Sales

+ 7.8% New Listings

+ 70.0% Closed Sales

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

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

+ 16.5%

+ 76.3%

+ 14.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 26

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

79

92

+ 16.5%

909

823

- 9.5%

59

104

+ 76.3%

599

679

+ 13.4%

$485,000

$554,250

+ 14.3%

$495,000

$527,000

+ 6.5%

Percent of Original List Price Received*

95.3%

95.6%

+ 0.3%

94.0%

94.9%

+ 1.0%

Percent of Properties Sold Over List Price*

10.2%

5.8%

- 43.1%

4.7%

6.5%

+ 38.3%

Days on Market Until Sale

78

88

+ 12.8%

92

99

+ 7.6%

Inventory of Homes for Sale

385

197

- 48.8%

--

--

--

Months Supply of Inventory

6.2

2.7

- 56.5%

--

--

--

Median Sales Price*

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

September

2019

909

104

92

79

Year to Date

2020

2019

823 679

599

59

+ 16.5% New Listings

+ 13.4% Closed Sales

- 9.5% New Listings

+ 76.3% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Ponte Vedra / Nocatee (St. Johns County)

+ 38.3%

+ 39.4%

- 6.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 27

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

60

83

+ 38.3%

917

915

- 0.2%

71

99

+ 39.4%

744

784

+ 5.4%

$455,000

$424,900

- 6.6%

$439,450

$448,920

+ 2.2%

Percent of Original List Price Received*

98.1%

98.7%

+ 0.6%

97.5%

98.3%

+ 0.8%

Percent of Properties Sold Over List Price*

12.7%

13.1%

+ 3.1%

14.7%

14.3%

- 2.7%

Days on Market Until Sale

70

77

+ 10.0%

74

73

- 1.4%

Inventory of Homes for Sale

227

136

- 40.1%

--

--

--

Months Supply of Inventory

2.8

1.5

- 46.4%

--

--

--

Median Sales Price*

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

September

2019

Year to Date

2020

917

99 83

2019

915

2020

784

744

71

60

+ 38.3% New Listings

+ 5.4% Closed Sales

- 0.2% New Listings

+ 39.4% Closed Sales

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.


Local Market Update – September 2020 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

St. Johns County NW

+ 9.3%

+ 16.5%

+ 8.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 30

September

New Listings Closed Sales

Year to Date

2019

2020

+/–

2019

2020

+/–

270

295

+ 9.3%

3,305

3,306

+ 0.0%

285

332

+ 16.5%

2,597

2,779

+ 7.0%

$315,000

$343,037

+ 8.9%

$325,000

$342,000

+ 5.2%

Percent of Original List Price Received*

96.8%

98.3%

+ 1.5%

97.2%

97.6%

+ 0.4%

Percent of Properties Sold Over List Price*

11.2%

16.0%

+ 42.9%

13.2%

12.8%

- 3.0%

76

55

- 27.6%

78

74

- 5.1%

Inventory of Homes for Sale

1,023

560

- 45.3%

--

--

--

Months Supply of Inventory

3.8

1.8

- 52.6%

--

--

--

Median Sales Price*

Days on Market Until Sale

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

September

2019

295

270

Year to Date

2020

332

3,305

285

+ 9.3% New Listings

2019

3,306 2,779

2,597

+ 7.0% Closed Sales

+ 0.0% New Listings

+ 16.5% Closed Sales

2020

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

1-2020

** 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 October 8, 2020. All data from Northeast Florida Multiple Listing Service. | Report © 2020 ShowingTime.

Profile for Coldwell Banker Vanguard Realty

Market Insight September 2020  

Market Insight September 2020