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Market Insight - January 2017 NORTHEAST FLORIDA HOUSING MARKET

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


dicators Monthly Indicators

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

e Credit: NEFAR Required is happy Reprint to share / Use our 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) whether theuses use (including is written, use digital, broadcast, spoken, social media Usedigital, of NEFAR data must be social media or other. Use of NEFAR data must be however, for all by NEFAR members) whether the useorisother. written, broadcast, spoken, Florida Realtors . – Source: Northeast Florida Association of Realtors . – Source: Northeast accompanied by Association the followingofattribution

January 2017

Quick Facts

Quick Facts

p of buyersJanuary with a renewed brings out enthusiasm a rejuvenated in a new crop of buyers with a renewed enthusiasm in a new nevitably start calendar slow in year. the Sales first half totals of the may year still inevitably start slow in the first half of the year Continued declines due to ongoing in the number inventory of concerns. homes Continued declines in the number of homes Change in Change in Change inChange in Change in Change in ntial buyersavailable who simply for sale cannot may compete push out forpotential buyers who simply Closedcannot Sales compete Medianfor Sales Price Inventory Closed Sales Median Sales Price Inventory n a low number homes of selling days, especially at higher price if mortgage points in a low number of days, especially if mortgage rates continue to increase. Residential real estate activity comprised of single-family properties, Residential real estate activity comprised of single-family properties,

- 3.4%

+ 6.1%

- 18.6% - 3.4%

townhomes, and condominiums combined.

region decreased 1.5 percent to 3,016. Florida region decreased 1.5 percent to 3,016. New Listings in the Northeast o 2,051. Inventory 18.6 to to 2,051. Inventory Pendinglevels Salesfell were uppercent 0.6 percent levels fell 18.6 percent to Market Overview 8,108 units.

+ 6.1%

- 18.6%

townhomes, and condominiums combined.

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

New Listings 3

Sales 6.1 percent to e Median Sales Price increased 6.1 percent Prices continued to gain traction.to The Median SalesPending Price increased n 6.0 percent to 79 days. Sellers were was down 6.0 percent toClosed $175,000. Days on Market 79 days. Sellers were Sales entory wasencouraged down 18.6 percent to 3.5 months. as Months Supply of Inventory was down 18.6 percent to 3.5 months.

Pending Sales 4

w U.S. president. Inyou his first hourit,inwe office, .25 U.S. president. In case missed havethe a new In his first hour in office, the .25 Median Sales Price ge insurance premiumspoint for loans backed by the insurance premiums for loans backed by the percentage rate cut on mortgage Average Sales Price ) was removed, setting the table for what should Federal Housing Administration (FHA) was removed, setting the table for what should Percent Original Received r real estatebepolicy. FHA loans tend to beterm a for real estate policy. an interesting presidential FHAofloans tend List to bePrice a d financial resources. On a brighter favorable option for thosenote, withwages limited financial resources. brighter note, wages PercentOn ofaProperties Sold Over List Price s, while unemployment ratesfor have remained are on the uptick many Americans, while unemployment rates have remained Housing Affordability Index everal months. The system is ripe for more for several months. The system is ripe for more stable and relatively unchanged omes available sell. hometopurchasing if there are more homes availableInventory to sell. of Homes for Sale

Median Sales 7 Price

Days On Market Until Sale

Closed Sales 5 Days On 6 Market Until Sale Average Sales 8 Price Percent of 9 Original List Price Received Percent10 of Properties Sold Over List Price Housing11 Affordability Index Inventory 12of Homes for Sale

Months Supply of Inventory

Months 13 Supply of Inventory

Housing Supply Overview Report

Housing14 Supply Overview Report

2 3 4 5 6 7 8 9 10 11 12 13 14

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

All data provided by the Northeast Florida Multiple Listing Service. Report All data © provided 2016 ShowingTime. by the Northeast | 1 Florida Multiple Listing Service. Report © 2016 ShowingTime. | 1


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

Key Metrics

Historical Sparklines

New Listings 1-2014

1-2015

1-2016

1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

Closed Sales Days on Market Until Sale 1-2015

1-2016

1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

Average Sales Price

Percent of Properties Sold Over List Price

1-2014

1-2015

1-2016

YTD 2016 YTD 2017

+/-

3,061

3,016

- 1.5%

3,061

3,016

- 1.5%

2,038

2,051

+ 0.6%

2,038

2,051

+ 0.6%

1,659

1,603

- 3.4%

1,659

1,603

- 3.4%

84

79

- 6.0%

84

79

- 6.0%

$164,950

$175,000

+ 6.1%

$164,950

$175,000

+ 6.1%

$206,430

$216,553

+ 4.9%

$206,430

$216,553

+ 4.9%

93.6%

95.0%

+ 1.5%

93.6%

95.0%

+ 1.5%

11.9%

10.1%

- 15.1%

11.9%

10.1%

- 15.1%

195

182

- 6.7%

195

182

- 6.7%

9,956

8,108

- 18.6%

--

--

--

4.3

3.5

- 18.6%

--

--

--

1-2017

1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

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

+/-

1-2017

Median Sales Price

Percent of Original List Price Received

1-2017

1-2017

Pending Sales

1-2014

1-2016

1-2014

1-2015

1-2016

1-2017

1-2014

1-2015

1-2016

1-2017

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 2


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

January

Year To Date

3,064

3,061

2015

3,016

-0.1%

-1.5%

2016

2017

3,064

3,061

2015

3,016

-0.1%

-1.5%

2016

2017

Month

Prior Year

Current Year

+/–

February 2016

2,972

3,189

+7.3%

March 2016

3,356

3,655

+8.9%

April 2016

3,468

3,395

-2.1%

May 2016

3,379

3,383

+0.1%

June 2016

3,511

3,473

-1.1%

July 2016

3,417

3,110

-9.0%

August 2016

3,150

3,272

+3.9%

September 2016

2,968

2,858

-3.7%

October 2016

2,969

2,350

-20.8%

November 2016

2,444

2,383

-2.5%

December 2016

2,126

2,051

-3.5%

January 2017

3,061

3,016

-1.5%

12-Month Avg

3,068

3,011

-1.9%

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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 3


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

January

Year To Date 2,038

1,946

2015

2,051

+4.7%

+0.6%

2016

2017

2,038

1,946

2015

2,051

+4.7%

+0.6%

2016

2017

Month

Prior Year

Current Year

+/–

February 2016

2,182

2,313

+6.0%

March 2016

2,549

2,621

+2.8%

April 2016

2,572

2,663

+3.5%

May 2016

2,591

2,677

+3.3%

June 2016

2,625

2,635

+0.4%

July 2016

2,519

2,417

-4.0%

August 2016

2,484

2,385

-4.0%

September 2016

2,156

2,203

+2.2%

October 2016

2,141

2,014

-5.9%

November 2016

1,891

1,993

+5.4%

December 2016

1,889

1,904

+0.8%

January 2017

2,038

2,051

+0.6%

12-Month Avg

2,303

2,323

+0.9%

Historical Pending Sales Activity 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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 4


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

January

Year To Date 1,659

1,491

2015

1,659

1,603

+11.3%

-3.4%

2016

2017

1,491

2015

1,603

+11.3%

-3.4%

2016

2017

Month

Prior Year

Current Year

+/–

February 2016

1,685

1,895

+12.5%

March 2016

2,384

2,538

+6.5%

April 2016

2,357

2,472

+4.9%

May 2016

2,421

2,553

+5.5%

June 2016

2,758

2,893

+4.9%

July 2016

2,712

2,573

-5.1%

August 2016

2,416

2,685

+11.1%

September 2016

2,365

2,430

+2.7%

October 2016

2,133

2,049

-3.9%

November 2016

1,847

1,991

+7.8%

December 2016

2,292

2,273

-0.8%

January 2017

1,659

1,603

-3.4%

12-Month Avg

2,252

2,330

+3.5%

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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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.

January

Year To Date

91

84

2015

91

84

79

-7.7%

-6.0%

2016

2017

2015

Prior Year

Current Year

February 2016

90

89

-1.1%

March 2016

91

81

-11.0%

April 2016

90

78

-13.3%

May 2016

86

75

-12.8%

June 2016

81

73

-9.9%

July 2016

77

70

-9.1%

August 2016

75

72

-4.0%

September 2016

76

73

-3.9%

October 2016

80

78

-2.5%

November 2016

80

69

-13.8%

December 2016

84

78

-7.1%

January 2017

84

79

-6.0%

12-Month Avg

83

76

-8.1%

1-2013

1-2015

1-2016

Month

79

-7.7%

-6.0%

2016

2017

+/–

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

1-2014

1-2017

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 6


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

January

Year To Date

$164,950

$175,000

$164,950

$175,000

$144,000

$144,000

+14.5%

+6.1%

2016

2017

2015

2015

Prior Year

Current Year

February 2016

$157,000

$160,000

+1.9%

March 2016

$160,000

$179,995

+12.5%

April 2016

$172,000

$181,000

+5.2%

May 2016

$175,000

$192,000

+9.7%

June 2016

$181,000

$196,000

+8.3%

July 2016

$180,000

$194,000

+7.8%

August 2016

$172,900

$191,000

+10.5%

September 2016

$174,920

$189,900

+8.6%

October 2016

$170,000

$185,000

+8.8%

November 2016

$164,650

$181,000

+9.9%

December 2016

$179,210

$194,900

+8.8%

January 2017

$164,950

$175,000

+6.1%

12-Month Med

$172,000

$185,900

+8.1%

1-2015

1-2016

1-2017

Month

+14.5%

+6.1%

2016

2017

+/–

Historical Median Sales Price $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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 7


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

January

Year To Date

$206,430

$216,553

$206,430

$216,553

$187,076

$187,076

+ 10.3%

+ 4.9%

2016

2017

2015

2015

Prior Year

Current Year

+/–

February 2016

$199,554

$202,873

+1.7%

March 2016

$201,250

$214,714

+6.7%

April 2016

$207,500

$225,263

+8.6%

May 2016

$215,254

$232,369

+8.0%

June 2016

$223,830

$237,580

+6.1%

July 2016

$223,261

$238,983

+7.0%

August 2016

$210,628

$238,750

+13.4%

September 2016

$207,978

$233,881

+12.5%

October 2016

$215,587

$225,252

+4.5%

November 2016

$215,076

$223,627

+4.0%

December 2016

$224,273

$231,824

+3.4%

January 2017

$206,430

$216,553

+4.9%

12-Month Avg

$213,230

$227,938

+6.9%

1-2015

1-2016

1-2017

Month

+ 10.3%

+ 4.9%

2016

2017

Historical Average Sales Price $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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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.

January

Year To Date 93.6%

92.5%

2015

95.0%

+1.2%

+1.5%

2016

2017

93.6%

92.5%

2015

95.0%

+1.2%

+1.5%

2016

2017

Month

Prior Year

Current Year

+/–

February 2016

92.7%

93.5%

+0.9%

March 2016

92.9%

94.6%

+1.8%

April 2016

93.6%

95.0%

+1.5%

May 2016

94.1%

95.2%

+1.2%

June 2016

94.4%

95.4%

+1.1%

July 2016

94.4%

95.7%

+1.4%

August 2016

94.5%

95.6%

+1.2%

September 2016

94.2%

95.5%

+1.4%

October 2016

93.9%

95.0%

+1.2%

November 2016

93.9%

94.9%

+1.1%

December 2016

93.9%

94.7%

+0.9%

January 2017

93.6%

95.0%

+1.5%

12-Month Avg

93.9%

95.1%

+1.3%

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

All data provided by the Northeast Florida Multiple Listing Service. Report © 2016 ShowingTime. | 9


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

January

Year To Date

12.5%

12.5%

11.9%

11.9% 10.1%

10.1%

2015

-4.5%

-15.1%

2016

2017

2015

-4.5%

-15.1%

2016

2017

Month

Prior Year

Current Year

February 2016

12.3%

12.1%

-1.6%

March 2016

12.2%

13.9%

+13.9%

April 2016

12.1%

13.2%

+9.1%

May 2016

12.7%

12.5%

-1.6%

June 2016

13.2%

13.3%

+0.8%

July 2016

12.3%

12.7%

+3.3%

August 2016

13.4%

13.6%

+1.5%

September 2016

12.8%

13.1%

+2.3%

October 2016

12.0%

13.0%

+8.3%

November 2016

12.1%

11.8%

-2.5%

December 2016

14.4%

11.7%

-18.8%

January 2017

11.9%

10.1%

-15.1%

12-Month Avg

12.6%

12.7%

+0.2%

+/–

Historical Percent of Properties Sold Over List Price 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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 10


Housing Affordability Index This index measures housing affordability for the region. 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.

January

Year To Date 229

229 195

2015

195

182

-14.8%

-6.7%

2016

2017

2015

Prior Year

Current Year

February 2016

211

204

-3.3%

March 2016

203

180

-11.3%

April 2016

191

183

-4.2%

May 2016

189

173

-8.5%

June 2016

177

172

-2.8%

July 2016

175

174

-0.6%

August 2016

185

178

-3.8%

September 2016

185

178

-3.8%

October 2016

190

183

-3.7%

November 2016

194

179

-7.7%

December 2016

179

160

-10.6%

January 2017

195

182

-6.7%

12-Month Avg

189

179

-5.6%

Month

182

-14.8%

-6.7%

2016

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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 11


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

January

Prior Year

Current Year

+/–

February 2016

10,850

10,153

-6.4%

March 2016

10,864

10,464

-3.7%

Month

10,813

9,956 8,108

2015

-7.9%

-18.6%

2016

2017

April 2016

11,004

10,472

-4.8%

May 2016

11,012

10,470

-4.9%

June 2016

11,008

10,488

-4.7%

July 2016

11,021

10,338

-6.2%

August 2016

10,869

10,263

-5.6%

September 2016

10,780

9,987

-7.4%

October 2016

10,703

9,488

-11.4%

November 2016

10,458

9,037

-13.6%

December 2016

9,671

8,111

-16.1%

January 2017

9,956

8,108

-18.6%

12-Month Avg

10,683

9,782

-8.6%

Historical Inventory of Homes for Sale 23,000 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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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.

January

Prior Year

Current Year

+/–

February 2016

5.4

4.4

-18.5%

March 2016

5.3

4.5

-15.1%

April 2016

5.3

4.5

-15.1%

May 2016

5.2

4.5

-13.5%

June 2016

5.1

4.5

-11.8%

July 2016

5.0

4.4

-12.0%

August 2016

4.9

4.4

-10.2%

September 2016

4.8

4.3

-10.4%

October 2016

4.7

4.1

-12.8%

November 2016

4.6

3.9

-15.2%

December 2016

4.2

3.5

-16.7%

January 2017

4.3

3.5

-18.6%

12-Month Avg

4.9

4.2

-14.0%

Month

5.4 4.3 3.5

-20.4% 2015

-18.6%

2016

2017

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

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 13


Housing Supply Overview 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 .

January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Quick Facts + 16.4%

+ 1.6%

+ 1.1%

Price Range With Strongest Sales:

Construction Status With Strongest Sales:

Property Type With Strongest Sales:

$500,000 to $999,999

Previously Owned

Single-Family

Residential real estate activity comprised of single-family properties, townhomes, and condominiums combined.

Pending Sales Days on Market Until Sale Median Sales Price Percent of Original List Price Received Percent of Properties Sold Over List Price Inventory of Homes for Sale Months Supply of Inventory

15 16 17 18 19 20 21

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 14


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

By Price Range 1-2016

By Construction Status

1-2017

11,305 10,074

6,111

1-2016

1-2017

23,426

23,794

By Property Type 1-2016

1-2017

23,550

23,801

6,634

4,610 4,984

4,108 4,448

4,211

1,252 1,457 251

4,087

4,082

4,075

279

- 10.9%

+ 8.1%

+ 8.6%

+ 8.3%

+ 16.4%

+ 11.2%

+ 1.6%

- 3.1%

+ 1.1%

- 0.3%

$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

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

$149,999 and Below

11,305

10,074

- 10.9%

8,753

7,688

- 12.2%

2,552

2,386

- 6.5%

$150,000 to $199,999

4,610

4,984

+ 8.1%

3,973

4,248

+ 6.9%

637

736

+ 15.5%

$200,000 to $299,999

6,111

6,634

+ 8.6%

5,695

6,170

+ 8.3%

416

464

+ 11.5%

$300,000 to $499,999

4,108

4,448

+ 8.3%

3,776

4,132

+ 9.4%

332

316

- 4.8%

$500,000 to $999,999

1,252

1,457

+ 16.4%

1,127

1,313

+ 16.5%

125

144

+ 15.2%

$1,000,000 and Above

251

279

+ 11.2%

226

250

+ 10.6%

25

29

+ 16.0%

All Price Ranges

27,637

27,876

+ 0.9%

23,550

23,801

+ 1.1%

4,087

4,075

- 0.3%

By Construction Status

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

23,426

23,794

+ 1.6%

19,789

20,121

+ 1.7%

3,637

3,673

+ 1.0%

New Construction

4,211

4,082

- 3.1%

3,761

3,680

- 2.2%

450

402

- 10.7%

All Property Types

27,637

27,876

+ 0.9%

23,550

23,801

+ 1.1%

4,087

4,075

- 0.3%

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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 1-2016

By Construction Status

1-2017

1-2016

131 110 78

78

70

81 68

92 75

88

1-2016

142

96 80

100

By Property Type

1-2017

1-2017

83 89

80

77

74

70

- 10.3%

- 12.8%

- 7.4%

- 4.3%

- 9.1%

+ 8.4%

- 7.5%

- 7.3%

- 7.2%

- 12.5%

$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

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

$149,999 and Below

78

70

- 10.3%

80

74

- 7.5%

71

57

- 19.7%

$150,000 to $199,999

78

68

- 12.8%

77

67

- 13.0%

82

72

- 12.2%

$200,000 to $299,999

81

75

- 7.4%

80

74

- 7.5%

93

92

- 1.1%

$300,000 to $499,999

92

88

- 4.3%

90

86

- 4.4%

106

114

+ 7.5%

$500,000 to $999,999

110

100

- 9.1%

106

100

- 5.7%

148

107

- 27.7%

$1,000,000 and Above

131

142

+ 8.4%

132

141

+ 6.8%

115

142

+ 23.5%

All Price Ranges

83

76

- 8.4%

83

77

- 7.2%

80

70

- 12.5%

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

80

74

- 7.5%

81

75

- 7.4%

77

67

- 13.0%

New Construction

96

89

- 7.3%

95

88

- 7.4%

107

102

- 4.7%

All Property Types

83

76

- 8.4%

83

77

- 7.2%

80

70

- 12.5%

By Construction Status

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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 1-2016

By Property Type 1-2016

1-2017

$269,497

1-2017

$280,990 $172,000

$155,000

$185,900

$184,900

$199,000

$169,900

$121,000

+ 9.6%

+ 4.3%

Previously Owned

New Construction

+ 8.1% All Properties

All Properties By Construction Status

+ 7.6%

+ 9.5%

Single-Family

Single-Family

$132,500

Condo-Townhouse

Condo-Townhouse

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

$155,000

$169,900

+ 9.6%

$165,000

$179,900

+ 9.0%

$116,000

$129,000

+ 11.2%

New Construction

$269,497

$280,990

+ 4.3%

$275,231

$291,000

+ 5.7%

$175,150

$157,900

- 9.8%

All Construction Statuses

$172,000

$185,900

+ 8.1%

$184,900

$199,000

+ 7.6%

$121,000

$132,500

+ 9.5%

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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 1-2016

By Construction Status

1-2017

1-2016 96.2%

95.3%

96.3% 95.6%

By Property Type 1-2016

1-2017

95.9% 96.1%

1-2017

99.3% 99.4%

95.5%

94.9% 94.8%

95.0%

93.4%

94.3%

94.3%

91.7% 90.8%

90.4%

93.0%

93.8%

+ 1.9%

+ 0.9%

+ 0.7%

+ 0.2%

- 0.1%

- 0.4%

+ 1.4%

+ 0.1%

+ 1.3%

+ 1.3%

$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

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

$149,999 and Below

91.7%

93.4%

+ 1.9%

91.0%

92.9%

+ 2.1%

93.8%

95.1%

+ 1.4%

$150,000 to $199,999

95.3%

96.2%

+ 0.9%

95.2%

96.1%

+ 0.9%

96.0%

96.8%

+ 0.8%

$200,000 to $299,999

95.6%

96.3%

+ 0.7%

95.7%

96.3%

+ 0.6%

95.2%

95.9%

+ 0.7%

$300,000 to $499,999

95.9%

96.1%

+ 0.2%

95.9%

96.1%

+ 0.2%

95.3%

95.3%

0.0%

$500,000 to $999,999

94.9%

94.8%

- 0.1%

95.1%

94.9%

- 0.2%

93.5%

94.3%

+ 0.9%

$1,000,000 and Above

90.8%

90.4%

- 0.4%

90.6%

90.1%

- 0.6%

92.9%

92.9%

0.0%

All Price Ranges

93.9%

95.1%

+ 1.3%

93.8%

95.0%

+ 1.3%

94.3%

95.5%

+ 1.3%

By Construction Status

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

93.0%

94.3%

+ 1.4%

92.9%

94.2%

+ 1.4%

93.6%

94.8%

+ 1.3%

New Construction

99.3%

99.4%

+ 0.1%

99.1%

99.2%

+ 0.1%

100.7%

100.9%

+ 0.2%

All Property Types

93.9%

95.1%

+ 1.3%

93.8%

95.0%

+ 1.3%

94.3%

95.5%

+ 1.3%

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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 1-2016

By Construction Status

1-2017

1-2016

By Property Type 1-2016

1-2017

1-2017

17.8% 25.1% 19.3% 19.8% 16.5% 13.8%

13.5%

15.1%

14.8%

12.6%

11.8%

16.4%

16.1%

16.4% 15.8%

9.6% 6.1%

15.9%

4.7% 4.2%

+ 2.5%

+ 20.0%

- 12.3%

- 36.7%

- 51.8%

- 11.4%

+ 8.8%

- 34.6%

- 3.4%

+ 12.4%

$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

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

$149,999 and Below

19.3%

19.8%

+ 2.5%

19.5%

19.4%

- 0.1%

18.7%

20.8%

+ 11.6%

$150,000 to $199,999

13.8%

16.5%

+ 20.0%

14.4%

17.0%

+ 17.5%

8.5%

12.8%

+ 50.7%

$200,000 to $299,999

13.5%

11.8%

- 12.3%

13.6%

11.9%

- 12.6%

11.5%

10.8%

- 6.9%

$300,000 to $499,999

15.1%

9.6%

- 36.7%

15.4%

9.8%

- 36.3%

11.7%

6.9%

- 41.5%

$500,000 to $999,999

12.6%

6.1%

- 51.8%

13.1%

6.5%

- 50.5%

7.3%

2.8%

- 61.9%

$1,000,000 and Above

4.7%

4.2%

- 11.4%

5.2%

4.4%

- 15.6%

0.0%

1.5%

0.0%

All Price Ranges

16.3%

16.2%

- 0.8%

16.4%

15.8%

- 3.4%

15.9%

17.8%

+ 12.4%

By Construction Status

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

14.8%

16.1%

+ 8.8%

15.0%

15.9%

+ 5.8%

14.0%

17.5%

+ 25.2%

New Construction

25.1%

16.4%

- 34.6%

24.0%

15.7%

- 34.5%

36.6%

19.2%

- 47.6%

All Property Types

16.3%

16.2%

- 0.8%

16.4%

15.8%

- 3.4%

15.9%

17.8%

+ 12.4%

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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 1-2016

By Construction Status

1-2017

1-2016

By Property Type 1-2016

1-2017

8,400

3,401

8,673 6,513

2,001

1,974

1,866

1-2017

7,041

1,816 1,845

1,380 994

965

1,037 393

1,556

392

1,595

1,283

1,067

- 42.0%

- 28.0%

- 6.7%

+ 1.6%

+ 7.5%

- 0.3%

- 22.5%

+ 2.5%

- 18.8%

- 16.8%

$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

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

$149,999 and Below

3,401

1,974

- 42.0%

2,778

1,608

- 42.1%

623

366

- 41.3%

$150,000 to $199,999

1,380

994

- 28.0%

1,187

812

- 31.6%

193

182

- 5.7%

$200,000 to $299,999

2,001

1,866

- 6.7%

1,833

1,683

- 8.2%

168

183

+ 8.9%

$300,000 to $499,999

1,816

1,845

+ 1.6%

1,653

1,664

+ 0.7%

163

181

+ 11.0%

$500,000 to $999,999

965

1,037

+ 7.5%

868

921

+ 6.1%

97

116

+ 19.6%

$1,000,000 and Above

393

392

- 0.3%

354

353

- 0.3%

39

39

0.0%

9,956

8,108

- 18.6%

8,673

7,041

- 18.8%

1,283

1,067

- 16.8%

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

8,400

6,513

- 22.5%

7,300

5,634

- 22.8%

1,100

879

- 20.1%

New Construction

1,556

1,595

+ 2.5%

1,373

1,407

+ 2.5%

183

188

+ 2.7%

All Property Types

9,956

8,108

- 18.6%

8,673

7,041

- 18.8%

1,283

1,067

- 16.8%

All Price Ranges

By Construction Status

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 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 1-2016

By Construction Status

1-2017

1-2016 18.8 16.9

By Property Type 1-2016

1-2017

4.4

4.3

4.7

4.4

3.6

2.4

3.6

3.9 2.4

5.3

3.8

3.5

3.3 9.2

1-2017

3.1

8.5

5.0

3.4

- 33.3%

- 33.3%

- 12.8%

- 5.7%

- 7.6%

- 10.1%

- 23.7%

+ 5.7%

- 20.5%

- 18.4%

$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

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

$149,999 and Below

3.6

2.4

- 33.3%

3.8

2.5

- 34.2%

2.9

1.8

- 37.9%

$150,000 to $199,999

3.6

2.4

- 33.3%

3.6

2.3

- 36.1%

3.6

3.0

- 16.7%

$200,000 to $299,999

3.9

3.4

- 12.8%

3.9

3.3

- 15.4%

4.8

4.7

- 2.1%

$300,000 to $499,999

5.3

5.0

- 5.7%

5.3

4.8

- 9.4%

5.9

6.9

+ 16.9%

$500,000 to $999,999

9.2

8.5

- 7.6%

9.2

8.4

- 8.7%

9.3

9.7

+ 4.3%

$1,000,000 and Above

18.8

16.9

- 10.1%

18.8

16.9

- 10.1%

15.6

16.1

+ 3.2%

All Price Ranges

4.3

3.5

- 18.6%

4.4

3.5

- 20.5%

3.8

3.1

- 18.4%

1-2016

1-2017

Change

1-2016

1-2017

Change

1-2016

1-2017

Change

Previously Owned

4.3

3.3

- 23.7%

4.4

3.4

- 24.1%

3.6

2.9

- 20.9%

New Construction

4.4

4.7

+ 5.7%

4.4

4.6

+ 4.7%

4.9

5.6

+ 15.0%

All Property Types

4.3

3.5

- 18.6%

4.4

3.5

- 20.5%

3.8

3.1

- 18.4%

By Construction Status

All data provided by the Northeast Florida Multiple Listing Service. Report Š 2016 ShowingTime. | 21


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside / Mandarin / Bartram

+ 5.1%

- 14.5%

+ 20.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 01

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

272

286

+ 5.1%

272

286

+ 5.1%

165

141

- 14.5%

165

141

- 14.5%

$179,900

$217,000

+ 20.6%

$179,900

$217,000

+ 20.6%

Percent of Original List Price Received*

93.5%

95.4%

+ 2.0%

93.5%

95.4%

+ 2.0%

Percent of Properties Sold Over List Price*

13.3%

9.9%

- 25.6%

13.3%

9.9%

- 25.6%

Days on Market Until Sale

78

68

- 12.8%

78

68

- 12.8%

Inventory of Homes for Sale

746

654

- 12.3%

--

--

--

Months Supply of Inventory

3.3

3.0

- 9.1%

--

--

--

Median Sales Price*

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

January 272

2016

2017

286

272 165

+ 5.1% New Listings

Year to Date

2016

286 165

141

- 14.5% Closed Sales

+ 5.1% New Listings

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

2017

141

- 14.5% Closed Sales

All MLS

b

Southside / Mandarin / Bartram

a

+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside

- 8.2%

- 14.9%

- 7.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 02

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

365

335

- 8.2%

365

335

- 8.2%

228

194

- 14.9%

228

194

- 14.9%

$162,750

$149,900

- 7.9%

$162,750

$149,900

- 7.9%

Percent of Original List Price Received*

94.4%

96.3%

+ 2.0%

94.4%

96.3%

+ 2.0%

Percent of Properties Sold Over List Price*

12.7%

10.9%

- 14.2%

12.7%

10.9%

- 14.2%

Days on Market Until Sale

79

65

- 17.7%

79

65

- 17.7%

Inventory of Homes for Sale

940

783

- 16.7%

--

--

--

Months Supply of Inventory

3.2

2.8

- 12.5%

--

--

--

Median Sales Price*

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

January 365

2016

2017

365

335 228

- 8.2% New Listings

Year to Date

2016

335 228

194

- 14.9% Closed Sales

- 8.2% New Listings

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

2017

194

- 14.9% Closed Sales

All MLS

b

Southside

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Riverside / Avondale / Ortega

- 2.7%

+ 25.0%

+ 12.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 03

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

73

71

- 2.7%

73

71

- 2.7%

36

45

+ 25.0%

36

45

+ 25.0%

$217,450

$245,000

+ 12.7%

$217,450

$245,000

+ 12.7%

Percent of Original List Price Received*

92.9%

92.4%

- 0.5%

92.9%

92.4%

- 0.5%

Percent of Properties Sold Over List Price*

2.8%

4.4%

+ 57.1%

2.8%

4.4%

+ 57.1%

Days on Market Until Sale

54

91

+ 68.5%

54

91

+ 68.5%

Inventory of Homes for Sale

232

185

- 20.3%

--

--

--

Months Supply of Inventory

4.8

3.7

- 22.9%

--

--

--

Median Sales Price*

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

January 73

2016

2017

73

71

36

- 2.7% New Listings

Year to Date

2016

71

45

+ 25.0% Closed Sales

45

36

- 2.7% New Listings

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

2017

+ 25.0% Closed Sales

All MLS

b

Riverside / Avondale / Ortega

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Arlington / Fort Caroline

- 4.0%

- 5.3%

+ 20.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 04

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

202

194

- 4.0%

202

194

- 4.0%

133

126

- 5.3%

133

126

- 5.3%

$135,000

$163,250

+ 20.9%

$135,000

$163,250

+ 20.9%

Percent of Original List Price Received*

94.7%

97.1%

+ 2.5%

94.7%

97.1%

+ 2.5%

Percent of Properties Sold Over List Price*

20.3%

12.7%

- 37.4%

20.3%

12.7%

- 37.4%

Days on Market Until Sale

79

63

- 20.3%

79

63

- 20.3%

Inventory of Homes for Sale

530

415

- 21.7%

--

--

--

Months Supply of Inventory

3.1

2.6

- 16.1%

--

--

--

Median Sales Price*

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

January 202

2016

2017

202

194 133

- 4.0% New Listings

Year to Date

2016

194 133

126

- 5.3% Closed Sales

- 4.0% New Listings

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

2017

126

- 5.3% Closed Sales

All MLS

b

Arlington / Fort Caroline

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

West Jacksonville

- 21.4%

- 14.4%

+ 24.8%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 06

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

173

136

- 21.4%

173

136

- 21.4%

97

83

- 14.4%

97

83

- 14.4%

$122,564

$153,000

+ 24.8%

$122,564

$153,000

+ 24.8%

Percent of Original List Price Received*

92.2%

94.1%

+ 2.1%

92.2%

94.1%

+ 2.1%

Percent of Properties Sold Over List Price*

14.4%

15.7%

+ 9.0%

14.4%

15.7%

+ 9.0%

Days on Market Until Sale

62

72

+ 16.1%

62

72

+ 16.1%

Inventory of Homes for Sale

482

287

- 40.5%

--

--

--

Months Supply of Inventory

3.5

2.1

- 40.0%

--

--

--

Median Sales Price*

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

January

2016

2017

173

Year to Date

2016

2017

173 136

136 97

- 21.4% New Listings

97

83

- 14.4% Closed Sales

- 21.4% New Listings

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

83

- 14.4% Closed Sales

All MLS

b

West Jacksonville

a

+ 30%

+ 20%

+ 10%

0%

- 10%

- 20%

- 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Fleming Island Area

- 30.1%

+ 39.1%

+ 35.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 12

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

83

58

- 30.1%

83

58

- 30.1%

23

32

+ 39.1%

23

32

+ 39.1%

$175,900

$237,950

+ 35.3%

$175,900

$237,950

+ 35.3%

Percent of Original List Price Received*

89.6%

94.2%

+ 5.1%

89.6%

94.2%

+ 5.1%

Percent of Properties Sold Over List Price*

17.4%

9.4%

- 46.0%

17.4%

9.4%

- 46.0%

Days on Market Until Sale

91

101

+ 11.0%

91

101

+ 11.0%

Inventory of Homes for Sale

210

175

- 16.7%

--

--

--

Months Supply of Inventory

4.0

3.3

- 17.5%

--

--

--

Median Sales Price*

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

January

2016

2017

83

Year to Date

2016

2017

83 58

58 23

- 30.1% New Listings

32

+ 39.1% Closed Sales

32

23

- 30.1% New Listings

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

+ 39.1% Closed Sales

All MLS

b

Fleming Island Area

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Orange Park

- 12.3%

+ 18.2%

+ 7.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 13

January 2016

Year to Date

2017

+/–

2016

2017

+/–

New Listings

187

164

- 12.3%

187

164

- 12.3%

Closed Sales

99

117

+ 18.2%

99

117

+ 18.2%

Median Sales Price*

$144,000

$155,000

+ 7.6%

$144,000

$155,000

+ 7.6%

Percent of Original List Price Received*

94.3%

94.6%

+ 0.3%

94.3%

94.6%

+ 0.3%

Percent of Properties Sold Over List Price*

16.2%

11.1%

- 31.5%

16.2%

11.1%

- 31.5%

Days on Market Until Sale

67

75

+ 11.9%

67

75

+ 11.9%

Inventory of Homes for Sale

515

327

- 36.5%

--

--

--

Months Supply of Inventory

3.3

2.2

- 33.3%

--

--

--

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

January 187

2016

2017

187

164 99

- 12.3% New Listings

Year to Date

2016

164

117

+ 18.2% Closed Sales

117

99

- 12.3% New Listings

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

2017

+ 18.2% Closed Sales

All MLS

b

Orange Park

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Middleburg Vicinity

+ 29.0%

- 1.6%

+ 14.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 14

January

Year to Date

2016

2017

+/–

New Listings

93

120

Closed Sales

62

61

Median Sales Price*

2016

2017

+/–

+ 29.0%

93

120

+ 29.0%

- 1.6%

62

61

- 1.6%

$149,500

$170,990

+ 14.4%

$149,500

$170,990

+ 14.4%

Percent of Original List Price Received*

94.5%

93.6%

- 1.0%

94.5%

93.6%

- 1.0%

Percent of Properties Sold Over List Price*

11.3%

18.0%

+ 59.3%

11.3%

18.0%

+ 59.3%

Days on Market Until Sale

74

79

+ 6.8%

74

79

+ 6.8%

Inventory of Homes for Sale

351

284

- 19.1%

--

--

--

Months Supply of Inventory

4.2

3.5

- 16.7%

--

--

--

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

January

2016

2017

Year to Date

120

2017

120

93

93 62

+ 29.0% New Listings

2016

62

61

- 1.6% Closed Sales

+ 29.0% New Listings

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

61

- 1.6% Closed Sales

All MLS

b

Middleburg Vicinity

a

+ 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Green Cove Springs

- 23.7%

0.0%

- 21.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 16

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

38

29

- 23.7%

38

29

- 23.7%

17

17

0.0%

17

17

0.0%

$234,500

$185,000

- 21.1%

$234,500

$185,000

- 21.1%

Percent of Original List Price Received*

93.8%

100.7%

+ 7.4%

93.8%

100.7%

+ 7.4%

Percent of Properties Sold Over List Price*

25.0%

23.5%

- 6.0%

25.0%

23.5%

- 6.0%

Days on Market Until Sale

111

69

- 37.8%

111

69

- 37.8%

Inventory of Homes for Sale

107

100

- 6.5%

--

--

--

Months Supply of Inventory

4.0

4.8

+ 20.0%

--

--

--

Median Sales Price*

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

January

2016

2017

38

Year to Date

2016

2017

38 29

29 17

- 23.7% New Listings

17

0.0% Closed Sales

17

- 23.7% New Listings

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

17

0.0% Closed Sales

All MLS

b

Green Cove Springs

a

+ 120% + 100% + 80% + 60% + 40% + 20% 0% - 20% - 40% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Jacksonville Beach

+ 48.3%

+ 6.3%

+ 26.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 21

January

Year to Date

2016

2017

+/–

2016

2017

+/–

New Listings

58

86

+ 48.3%

58

86

+ 48.3%

Closed Sales

32

34

+ 6.3%

32

34

+ 6.3%

Median Sales Price*

$313,500

$396,000

+ 26.3%

$313,500

$396,000

+ 26.3%

Percent of Original List Price Received*

93.3%

97.1%

+ 4.1%

93.3%

97.1%

+ 4.1%

Percent of Properties Sold Over List Price*

3.1%

14.7%

+ 374.2%

3.1%

14.7%

+ 374.2%

Days on Market Until Sale

92

81

- 12.0%

92

81

- 12.0%

Inventory of Homes for Sale

229

192

- 16.2%

--

--

--

Months Supply of Inventory

4.2

3.8

- 9.5%

--

--

--

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

January

2016

2017

Year to Date

86

2017

86

58

58 32

+ 48.3% New Listings

2016

34

+ 6.3% Closed Sales

34

32

+ 48.3% New Listings

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

+ 6.3% Closed Sales

All MLS

b

Jacksonville Beach

a

+ 25% + 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Neptune Beach

+ 22.2%

- 58.3%

+ 20.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 22

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

9

11

+ 22.2%

9

11

+ 22.2%

12

5

- 58.3%

12

5

- 58.3%

$361,500

$437,000

+ 20.9%

$361,500

$437,000

+ 20.9%

Percent of Original List Price Received*

92.2%

93.2%

+ 1.1%

92.2%

93.2%

+ 1.1%

Percent of Properties Sold Over List Price*

0.0%

0.0%

--

0.0%

0.0%

--

90

81

- 10.0%

90

81

- 10.0%

Median Sales Price*

Days on Market Until Sale Inventory of Homes for Sale

31

39

+ 25.8%

--

--

--

Months Supply of Inventory

2.8

4.0

+ 42.9%

--

--

--

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

January

2016

11

2017

Year to Date

12

2016

11

9

12

9 5

+ 22.2% New Listings

2017

- 58.3% Closed Sales

5

+ 22.2% New Listings

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

- 58.3% Closed Sales

All MLS

b

Neptune Beach

a

+ 80% + 60% + 40% + 20% 0% - 20% - 40% - 60% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Atlantic Beach

- 5.0%

- 48.0%

- 5.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 23

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

40

38

- 5.0%

40

38

- 5.0%

25

13

- 48.0%

25

13

- 48.0%

$199,000

$187,354

- 5.9%

$199,000

$187,354

- 5.9%

Percent of Original List Price Received*

91.7%

98.2%

+ 7.1%

91.7%

98.2%

+ 7.1%

Percent of Properties Sold Over List Price*

24.0%

23.1%

- 3.7%

24.0%

23.1%

- 3.7%

Days on Market Until Sale

77

53

- 31.2%

77

53

- 31.2%

Inventory of Homes for Sale

116

114

- 1.7%

--

--

--

Months Supply of Inventory

3.9

4.2

+ 7.7%

--

--

--

Median Sales Price*

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

January 40

2016

2017

Year to Date 40

38

2016

38

25

25 13

- 5.0% New Listings

2017

- 48.0% Closed Sales

13

- 5.0% New Listings

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

- 48.0% Closed Sales

All MLS

b

Atlantic Beach

a

+ 80%

+ 60%

+ 40%

+ 20%

0%

- 20%

- 40% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

NE St. Johns County – Ponte Vedra Beach North

+ 138.5%

- 27.3%

+ 78.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 25

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

13

31

+ 138.5%

13

31

+ 138.5%

11

8

- 27.3%

11

8

- 27.3%

$235,000

$418,500

+ 78.1%

$235,000

$418,500

+ 78.1%

Percent of Original List Price Received*

95.0%

91.6%

- 3.6%

95.0%

91.6%

- 3.6%

Percent of Properties Sold Over List Price*

0.0%

0.0%

--

0.0%

0.0%

--

89

128

+ 43.8%

89

128

+ 43.8%

Inventory of Homes for Sale

92

102

+ 10.9%

--

--

--

Months Supply of Inventory

5.3

6.1

+ 15.1%

--

--

--

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.

January

2016

2017

Year to Date

31

13

+ 138.5% New Listings

2016

2017

31

11

13 8

- 27.3% Closed Sales

+ 138.5% New Listings

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

11

8

- 27.3% Closed Sales

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 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

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

- 2.4%

- 17.1%

- 1.8%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 26

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

83

81

- 2.4%

83

81

- 2.4%

35

29

- 17.1%

35

29

- 17.1%

$417,500

$410,000

- 1.8%

$417,500

$410,000

- 1.8%

Percent of Original List Price Received*

94.0%

95.5%

+ 1.6%

94.0%

95.5%

+ 1.6%

Percent of Properties Sold Over List Price*

11.4%

24.1%

+ 111.4%

11.4%

24.1%

+ 111.4%

Days on Market Until Sale

115

94

- 18.3%

115

94

- 18.3%

Inventory of Homes for Sale

317

288

- 9.1%

--

--

--

Months Supply of Inventory

5.6

5.4

- 3.6%

--

--

--

Median Sales Price*

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

January 83

2016

2017

83

81

35

- 2.4% New Listings

Year to Date

2016

81

35

29

- 17.1% Closed Sales

- 2.4% New Listings

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

2017

29

- 17.1% Closed Sales

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 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Ponte Vedra / Nocatee (St. Johns County)

- 15.3%

- 12.5%

- 27.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 27

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

85

72

- 15.3%

85

72

- 15.3%

40

35

- 12.5%

40

35

- 12.5%

$418,289

$305,000

- 27.1%

$418,289

$305,000

- 27.1%

Percent of Original List Price Received*

99.8%

96.8%

- 3.0%

99.8%

96.8%

- 3.0%

Percent of Properties Sold Over List Price*

30.0%

8.6%

- 71.3%

30.0%

8.6%

- 71.3%

Days on Market Until Sale

43

75

+ 74.4%

43

75

+ 74.4%

Inventory of Homes for Sale

222

243

+ 9.5%

--

--

--

Months Supply of Inventory

3.6

3.6

0.0%

--

--

--

Median Sales Price*

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

January

2016

2017

85

Year to Date

2016

2017

85 72

72 40

- 15.3% New Listings

40

35

- 12.5% Closed Sales

- 15.3% New Listings

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

35

- 12.5% Closed Sales

All MLS

b

Ponte Vedra / Nocatee (St. Johns County)

a

+ 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

St. Johns County NW

+ 3.0%

+ 19.7%

+ 0.9%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 30

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

267

275

+ 3.0%

267

275

+ 3.0%

122

146

+ 19.7%

122

146

+ 19.7%

$272,000

$274,500

+ 0.9%

$272,000

$274,500

+ 0.9%

Percent of Original List Price Received*

95.7%

96.0%

+ 0.3%

95.7%

96.0%

+ 0.3%

Percent of Properties Sold Over List Price*

20.5%

12.3%

- 40.0%

20.5%

12.3%

- 40.0%

Days on Market Until Sale

94

86

- 8.5%

94

86

- 8.5%

Inventory of Homes for Sale

796

759

- 4.6%

--

--

--

Months Supply of Inventory

4.1

3.5

- 14.6%

--

--

--

Median Sales Price*

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

January 267

2016

2017

275

267

122

+ 3.0% New Listings

Year to Date

2016

275

146

+ 19.7% Closed Sales

146

122

+ 3.0% New Listings

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

2017

+ 19.7% Closed Sales

All MLS

b

St. Johns County - NW

a

+ 20% + 15% + 10% + 5% 0% - 5% - 10% - 15% - 20% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Local Market Update – January 2017 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

St. Johns County NE

+ 5.4%

- 30.8%

+ 5.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 31

January

New Listings Closed Sales

Year to Date

2016

2017

+/–

2016

2017

+/–

37

39

+ 5.4%

37

39

+ 5.4%

13

9

- 30.8%

13

9

- 30.8%

$360,000

$380,000

+ 5.6%

$360,000

$380,000

+ 5.6%

Percent of Original List Price Received*

97.1%

94.1%

- 3.1%

97.1%

94.1%

- 3.1%

Percent of Properties Sold Over List Price*

0.0%

0.0%

--

0.0%

0.0%

--

Days on Market Until Sale

70

126

+ 80.0%

70

126

+ 80.0%

Inventory of Homes for Sale

184

151

- 17.9%

--

--

--

Months Supply of Inventory

7.5

5.9

- 21.3%

--

--

--

Median Sales Price*

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

January 37

2016

2017

39

37

13

+ 5.4% New Listings

Year to Date

2016

39

13

9

- 30.8% Closed Sales

+ 5.4% New Listings

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

2017

9

- 30.8% Closed Sales

All MLS

b

St. Johns County - NE

a

+ 50% + 40% + 30% + 20% + 10% 0% - 10% - 20% - 30% - 40% - 50% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017

** 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 February 8, 2017. All data from Northeast Florida Multiple Listing Service. | Powered by ShowingTime 10K.


Market Insight 2-2017