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Market Insight - December 2016 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 share is 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

December 2016

Quick Facts

Quick Facts

hly housingMost market of 2016 highlights. offered The thenumber same monthly of housing market highlights. The number of in year-over-year homes comparisons, for sale was drastically along withdown daysin year-over-year comparisons, along with days anwhile, sales on market and prices and months were upof in supply. most Meanwhile, sales and prices up in most Change were in Change in Change inChange in Change in Change in ow, wagesmarkets. improvedUnemployment and, as the year rates waned, were low, wages improved and, as the year waned, Closed Sales Median Sales Price Inventory Closed Sales Median Sales Price Inventory ntial election weand completed saw mortgage a contentious rates increase, presidential election and saw mortgage rates increase, e a negative neither impact ofon which real are estate expected in 2017. to have a negative impact on real estate in 2017. Residential real estate activity comprised of single-family properties, Residential real estate activity comprised of single-family properties,

- 4.5%

+ 8.8%

- 20.4% - 4.5%

townhomes, and condominiums combined.

region decreased New Listings 4.3 percent in the Northeast to 2,032. Florida region decreased 4.3 percent to 2,032. o 1,955. Inventory Pendinglevels Salesfell were 20.4 uppercent 3.5 percent to to 1,955. Inventory levels fell 20.4 percent to Market Overview 7,699 units.

+ 8.8%

- 20.4%

townhomes, and condominiums combined.

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

New Listings 3

Sales 8.8 percent to Prices continued to gain traction.to The Median SalesPending Price increased e Median Sales Price increased 8.8 percent n 7.1 percent $195,068. to 78 days. Days Sellers on Market were was down 7.1 percent toClosed 78 days. Sellers were Sales as Months Supply of Inventory was down 21.4 percent to 3.3 months. entory wasencouraged down 21.4 percent to 3.3 months.

Pending Sales 4

spects in residential The overwhelming real estatefeeling for theabout immediate prospects in residential realSales estatePrice for the immediate Median ssionals across futurethe is optimism. nation are Real expressing estate that professionals across the nation are expressing that Average Sales Price ertainly challenges they are as in this busy market, as ever. like There continued are certainly challenges in this market, like continued Percent of Original List Price Received n for those fewer low inventory properties, andbut higher opportunities competition for those fewer properties, but opportunities diligent consumers. abound for hardworking agents and diligent consumers. Percent of Properties Sold Over List Price

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

Housing Affordability Index

Housing11 Affordability Index

Inventory of Homes for Sale

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 12-2013

12-2014

12-2015

12-2013

12-2014

12-2015

12-2016

12-2013

12-2014

12-2015

12-2016

Closed Sales Days on Market Until Sale 12-2014

12-2015

12-2013

12-2014

12-2015

12-2016

12-2013

12-2014

12-2015

12-2016

Average Sales Price

Percent of Properties Sold Over List Price

12-2013

12-2014

12-2015

YTD 2015 YTD 2016

+/-

2,124

2,032

- 4.3%

36,819

36,122

- 1.9%

1,888

1,955

+ 3.5%

27,544

27,964

+ 1.5%

2,292

2,189

- 4.5%

26,861

27,873

+ 3.8%

84

78

- 7.1%

83

76

- 8.4%

$179,210

$195,068

+ 8.8%

$170,000

$185,000

+ 8.8%

$224,273

$231,870

+ 3.4%

$212,197

$227,298

+ 7.1%

93.9%

94.7%

+ 0.9%

93.8%

95.0%

+ 1.3%

14.4%

11.6%

- 19.4%

12.7%

12.8%

+ 0.8%

179

160

- 10.6%

189

169

- 10.6%

9,668

7,699

- 20.4%

--

--

--

4.2

3.3

- 21.4%

--

--

--

12-2016

12-2013

12-2014

12-2015

12-2016

12-2013

12-2014

12-2015

12-2016

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

+/-

12-2016

Median Sales Price

Percent of Original List Price Received

12-2016

12-2016

Pending Sales

12-2013

12-2015

12-2013

12-2014

12-2015

12-2016

12-2013

12-2014

12-2015

12-2016

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.

December

Year To Date 2,124

2,120

2014

+0.2%

-4.3%

2015

2016

36,819

34,151

2,032

2014

Prior Year

Month

36,122

+7.8%

-1.9%

2015

2016

Current Year

+/–

January 2016

3,064

3,057

-0.2%

February 2016

2,972

3,188

+7.3%

March 2016

3,356

3,653

+8.8%

April 2016

3,468

3,392

-2.2%

May 2016

3,379

3,382

+0.1%

June 2016

3,511

3,470

-1.2%

July 2016

3,417

3,108

-9.0%

August 2016

3,150

3,267

+3.7%

September 2016

2,968

2,852

-3.9%

October 2016

2,967

2,345

-21.0%

November 2016

2,443

2,376

-2.7%

December 2016

2,124

2,032

-4.3%

12-Month Avg

3,068

3,010

-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

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.

December

Year To Date 27,544 1,888

1,955

27,964

23,744

1,649

2014

+14.5%

+3.5%

2015

2016

2014

Prior Year

Month

+16.0%

+1.5%

2015

2016

Current Year

+/–

January 2016

1,946

2,038

+4.7%

February 2016

2,183

2,314

+6.0%

March 2016

2,549

2,620

+2.8%

April 2016

2,572

2,661

+3.5%

May 2016

2,591

2,677

+3.3%

June 2016

2,625

2,636

+0.4%

July 2016

2,519

2,418

-4.0%

August 2016

2,484

2,385

-4.0%

September 2016

2,156

2,217

+2.8%

October 2016

2,140

2,021

-5.6%

November 2016

1,891

2,022

+6.9%

December 2016

1,888

1,955

+3.5%

12-Month Avg

2,295

2,330

+1.5%

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

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.

December

Year To Date 2,292

2,151

2,189

26,861

27,873

23,978

2014

+6.6%

-4.5%

2015

2016

2014

Prior Year

Month

+12.0%

+3.8%

2015

2016

Current Year

+/–

January 2016

1,491

1,658

+11.2%

February 2016

1,685

1,894

+12.4%

March 2016

2,384

2,536

+6.4%

April 2016

2,357

2,470

+4.8%

May 2016

2,421

2,550

+5.3%

June 2016

2,758

2,890

+4.8%

July 2016

2,712

2,569

-5.3%

August 2016

2,416

2,681

+11.0%

September 2016

2,365

2,428

+2.7%

October 2016

2,133

2,038

-4.5%

November 2016

1,847

1,970

+6.7%

December 2016

2,292

2,189

-4.5%

12-Month Avg

2,238

2,323

+4.2%

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

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.

December

Year To Date 85

86

84

2014

83

78

-2.3%

-7.1%

2015

2016

2014

Prior Year

Month

76

-2.4%

-8.4%

2015

2016

Current Year

+/–

January 2016

91

84

-7.7%

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%

12-Month Avg

83

76

-8.1%

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

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.

December

Year To Date $185,000

$172,000

$179,210

2014

$159,079

$195,068

+4.2%

+8.8%

2015

2016

Prior Year

Month

$170,000

2014

+6.9%

+8.8%

2015

2016

Current Year

+/–

January 2016

$144,000

$164,900

+14.5%

February 2016

$157,000

$160,000

+1.9%

March 2016

$160,000

$179,990

+12.5%

April 2016

$172,000

$180,075

+4.7%

May 2016

$175,000

$191,750

+9.6%

June 2016

$181,000

$195,922

+8.2%

July 2016

$180,000

$193,975

+7.8%

August 2016

$172,900

$190,758

+10.3%

September 2016

$174,920

$189,900

+8.6%

October 2016

$170,000

$185,000

+8.8%

November 2016

$164,650

$182,000

+10.5%

December 2016

$179,210

$195,068

+8.8%

12-Month Med

$170,000

$185,000

+8.8%

1-2015

1-2016

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.

December $213,038

Year To Date $224,273

$231,870 $200,782

2014

+ 5.3%

+ 3.4%

2015

2016

Prior Year

Month

$212,197

2014

$227,298

+ 5.7%

+ 7.1%

2015

2016

Current Year

+/–

January 2016

$187,076

$206,379

+10.3%

February 2016

$199,554

$202,869

+1.7%

March 2016

$201,250

$214,658

+6.7%

April 2016

$207,500

$224,952

+8.4%

May 2016

$215,254

$232,312

+7.9%

June 2016

$223,830

$237,562

+6.1%

July 2016

$223,261

$238,708

+6.9%

August 2016

$210,628

$238,744

+13.3%

September 2016

$207,978

$233,898

+12.5%

October 2016

$215,587

$225,624

+4.7%

November 2016

$215,076

$224,071

+4.2%

December 2016

$224,273

$231,870

+3.4%

12-Month Avg

$212,197

$227,298

+7.1%

1-2015

1-2016

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.

December

Year To Date 93.9%

93.2%

2014

94.7%

+0.8%

+0.9%

2015

2016

93.8%

92.6%

2014

Prior Year

Month

95.0%

+1.3%

+1.3%

2015

2016

Current Year

+/–

January 2016

92.5%

93.6%

+1.2%

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%

12-Month Avg

93.8%

95.0%

+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

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.

December

Year To Date 14.4%

12.2%

12.7%

12.2%

12.8%

11.6%

2014

+18.0%

-19.4%

2015

2016

2014

Prior Year

Month

+3.7%

+0.8%

2015

2016

Current Year

+/–

January 2016

12.5%

11.9%

-4.8%

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%

12.4%

-2.4%

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%

11.7%

-3.3%

December 2016

14.4%

11.6%

-19.4%

12-Month Avg

12.7%

12.8%

+0.7%

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

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.

December

Year To Date

189

179

205

160

2014

-5.3%

-10.6%

2015

2016

2014

Prior Year

Month

189

169

-7.8%

-10.6%

2015

2016

Current Year

+/–

January 2016

229

195

-14.8%

February 2016

211

204

-3.3%

March 2016

203

180

-11.3%

April 2016

191

184

-3.7%

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

178

-8.2%

December 2016

179

160

-10.6%

12-Month Avg

192

180

-6.3%

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

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.

December

Prior Year

Month

10,548

9,668 7,699

2014

-8.3%

-20.4%

2015

2016

Current Year

+/–

January 2016

10,814

9,944

-8.0%

February 2016

10,850

10,133

-6.6%

March 2016

10,864

10,431

-4.0%

April 2016

11,004

10,435

-5.2%

May 2016

11,012

10,427

-5.3%

June 2016

11,008

10,437

-5.2%

July 2016

11,021

10,281

-6.7%

August 2016

10,869

10,194

-6.2%

September 2016

10,780

9,865

-8.5%

October 2016

10,702

9,321

-12.9%

November 2016

10,456

8,779

-16.0%

December 2016

9,668

7,699

-20.4%

12-Month Avg

10,754

9,829

-8.8%

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

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.

December

Month January 2016

5.3 4.2 3.3

-20.8% 2014

-21.4%

2015

2016

Prior Year

Current Year

+/–

5.4

4.3

-20.4%

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

4.2

-12.5%

October 2016

4.7

4.0

-14.9%

November 2016

4.6

3.8

-17.4%

December 2016

4.2

3.3

-21.4%

12-Month Avg

5.0

4.2

-15.2%

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

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 .

December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS

Quick Facts + 14.6%

+ 2.0%

+ 1.6%

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 12-2015

By Construction Status

12-2016

12-2015

12-2016

23,396

23,870

By Property Type 12-2015

12-2016

11,319 10,234

6,099 4,550

23,473

23,840

6,554

5,043

4,065 4,410

4,148

1,262 1,446 249

4,124

4,071

4,094

277

- 9.6%

+ 10.8%

+ 7.5%

+ 8.5%

+ 14.6%

+ 11.2%

+ 2.0%

- 1.3%

+ 1.6%

+ 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

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

$149,999 and Below

11,319

10,234

- 9.6%

8,775

7,809

- 11.0%

2,544

2,425

- 4.7%

$150,000 to $199,999

4,550

5,043

+ 10.8%

3,938

4,288

+ 8.9%

612

755

+ 23.4%

$200,000 to $299,999

6,099

6,554

+ 7.5%

5,673

6,090

+ 7.4%

426

464

+ 8.9%

$300,000 to $499,999

4,065

4,410

+ 8.5%

3,732

4,096

+ 9.8%

333

314

- 5.7%

$500,000 to $999,999

1,262

1,446

+ 14.6%

1,130

1,309

+ 15.8%

132

137

+ 3.8%

$1,000,000 and Above

249

277

+ 11.2%

225

248

+ 10.2%

24

29

+ 20.8%

27,544

27,964

+ 1.5%

23,473

23,840

+ 1.6%

4,071

4,124

+ 1.3%

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

23,396

23,870

+ 2.0%

19,765

20,153

+ 2.0%

3,631

3,717

+ 2.4%

All Price Ranges

By Construction Status Previously Owned New Construction

4,148

4,094

- 1.3%

3,708

3,687

- 0.6%

440

407

- 7.5%

All Property Types

27,544

27,964

+ 1.5%

23,473

23,840

+ 1.6%

4,071

4,124

+ 1.3%

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 12-2015

By Construction Status

12-2016

12-2015

132 111 79

71

78

82

68

92 75

12-2015

12-2016

84

138

96 81

102

By Property Type

12-2016

87

90

80

77

74

71

- 10.1%

- 12.8%

- 8.5%

- 5.4%

- 8.1%

+ 4.5%

- 8.6%

- 6.3%

- 8.3%

- 11.3%

$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

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

$149,999 and Below

79

71

- 10.1%

81

75

- 7.4%

71

58

- 18.3%

$150,000 to $199,999

78

68

- 12.8%

78

68

- 12.8%

81

74

- 8.6%

$200,000 to $299,999

82

75

- 8.5%

81

74

- 8.6%

94

90

- 4.3%

$300,000 to $499,999

92

87

- 5.4%

91

85

- 6.6%

105

116

+ 10.5%

$500,000 to $999,999

111

102

- 8.1%

106

102

- 3.8%

149

107

- 28.2%

$1,000,000 and Above

132

138

+ 4.5%

133

140

+ 5.3%

121

119

- 1.7%

All Price Ranges

83

76

- 8.4%

84

77

- 8.3%

80

71

- 11.3%

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

81

74

- 8.6%

81

75

- 7.4%

77

66

- 14.3%

By Construction Status Previously Owned New Construction

96

90

- 6.3%

95

88

- 7.4%

106

108

+ 1.9%

All Property Types

83

76

- 8.4%

84

77

- 8.3%

80

71

- 11.3%

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 12-2015

By Property Type 12-2015

12-2016

$268,600

12-2016

$281,305 $170,000

$154,500

$185,000

$182,500

$199,000

$169,000

$120,000

+ 9.4%

+ 4.7%

Previously Owned

New Construction

+ 8.8% All Properties

All Properties

+ 9.0%

+ 10.0%

Single-Family

Single-Family

$132,000

Condo-Townhouse

Condo-Townhouse

By Construction Status

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

Previously Owned

$154,500

$169,000

+ 9.4%

$163,950

$179,000

+ 9.2%

$115,000

$128,000

+ 11.3%

New Construction

$268,600

$281,305

+ 4.7%

$274,900

$291,890

+ 6.2%

$176,630

$159,912

- 9.5%

All Construction Statuses

$170,000

$185,000

+ 8.8%

$182,500

$199,000

+ 9.0%

$120,000

$132,000

+ 10.0%

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 12-2015

By Construction Status

12-2016

12-2015 96.1%

95.3%

96.3% 95.6%

By Property Type 12-2015

12-2016

95.9% 96.1%

95.4%

99.1% 99.5%

94.7% 94.8%

12-2016

94.9%

93.2%

94.3%

91.6% 90.6%

90.3%

92.9%

94.1%

93.7%

+ 1.7%

+ 0.8%

+ 0.7%

+ 0.2%

+ 0.1%

- 0.3%

+ 1.3%

+ 0.4%

+ 1.3%

+ 1.2%

$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

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

$149,999 and Below

91.6%

93.2%

+ 1.7%

91.0%

92.7%

+ 1.9%

93.8%

94.9%

+ 1.2%

$150,000 to $199,999

95.3%

96.1%

+ 0.8%

95.2%

96.0%

+ 0.8%

96.0%

96.8%

+ 0.8%

$200,000 to $299,999

95.6%

96.3%

+ 0.7%

95.6%

96.3%

+ 0.7%

95.1%

95.9%

+ 0.8%

$300,000 to $499,999

95.9%

96.1%

+ 0.2%

95.9%

96.1%

+ 0.2%

95.4%

95.3%

- 0.1%

$500,000 to $999,999

94.7%

94.8%

+ 0.1%

94.9%

94.9%

0.0%

93.1%

94.4%

+ 1.4%

$1,000,000 and Above

90.6%

90.3%

- 0.3%

90.5%

89.9%

- 0.7%

91.4%

93.8%

+ 2.6%

All Price Ranges

93.8%

95.0%

+ 1.3%

93.7%

94.9%

+ 1.3%

94.3%

95.4%

+ 1.2%

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

Previously Owned

92.9%

94.1%

+ 1.3%

92.8%

94.0%

+ 1.3%

93.6%

94.7%

+ 1.2%

New Construction

99.1%

99.5%

+ 0.4%

99.0%

99.3%

+ 0.3%

100.7%

101.0%

+ 0.3%

All Property Types

93.8%

95.0%

+ 1.3%

93.7%

94.9%

+ 1.3%

94.3%

95.4%

+ 1.2%

By Construction Status

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 12-2015

By Construction Status

12-2016

12-2015

By Property Type 12-2015

12-2016

12-2016

17.6%

24.9% 25.1% 19.3% 19.1% 16.6% 13.3%

13.5%

16.7%

15.2% 14.5%

14.8%

16.7%

14.8% 15.5%

12.5%

12.4%

16.3%

16.1%

3.6%

- 0.9%

+ 24.3%

- 8.1%

- 4.5%

+ 18.5%

+ 364.3%

+ 4.9%

+ 0.8%

+ 2.3%

+ 9.3%

$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

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

$149,999 and Below

19.3%

19.1%

- 0.9%

19.4%

18.7%

- 3.2%

19.1%

20.4%

+ 7.2%

$150,000 to $199,999

13.3%

16.6%

+ 24.3%

14.0%

17.4%

+ 24.1%

8.5%

9.1%

+ 6.9%

$200,000 to $299,999

13.5%

12.4%

- 8.1%

13.6%

13.5%

- 0.9%

12.1%

0.0%

- 100.0%

$300,000 to $499,999

15.2%

14.5%

- 4.5%

15.5%

14.6%

- 5.6%

12.0%

13.3%

+ 10.8%

$500,000 to $999,999

12.5%

14.8%

+ 18.5%

13.3%

9.5%

- 28.6%

4.3%

33.3%

+ 666.7%

$1,000,000 and Above

3.6%

16.7%

+ 364.3%

4.0%

18.2%

+ 357.1%

0.0%

0.0%

0.0%

All Price Ranges

16.3%

16.8%

+ 3.4%

16.3%

16.7%

+ 2.3%

16.1%

17.6%

+ 9.3%

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

Previously Owned

14.8%

15.5%

+ 4.9%

14.9%

15.3%

+ 2.5%

14.3%

16.8%

+ 17.3%

New Construction

24.9%

25.1%

+ 0.8%

23.8%

24.7%

+ 4.0%

36.9%

29.4%

- 20.3%

All Property Types

16.3%

16.8%

+ 3.4%

16.3%

16.7%

+ 2.3%

16.1%

17.6%

+ 9.3%

By Construction Status

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 12-2015

By Construction Status

12-2016

12-2015

By Property Type 12-2015

12-2016

8,416

8,221

3,439

6,757

6,184 1,934

1,893

1,755

12-2016

1,692 1,741

1,377 929

886

965 381

1,447

375

1,515

1,252

942

- 43.8%

- 32.5%

- 7.3%

+ 2.9%

+ 8.9%

- 1.6%

- 24.8%

+ 4.7%

- 19.7%

- 24.8%

$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

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

$149,999 and Below

3,439

1,934

- 43.8%

2,825

1,599

- 43.4%

614

335

- 45.4%

$150,000 to $199,999

1,377

929

- 32.5%

1,180

776

- 34.2%

197

153

- 22.3%

$200,000 to $299,999

1,893

1,755

- 7.3%

1,739

1,597

- 8.2%

154

158

+ 2.6%

$300,000 to $499,999

1,692

1,741

+ 2.9%

1,530

1,576

+ 3.0%

162

165

+ 1.9%

$500,000 to $999,999

886

965

+ 8.9%

795

871

+ 9.6%

91

94

+ 3.3%

$1,000,000 and Above

381

375

- 1.6%

347

338

- 2.6%

34

37

+ 8.8%

9,668

7,699

- 20.4%

8,416

6,757

- 19.7%

1,252

942

- 24.8%

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

8,221

6,184

- 24.8%

7,150

5,384

- 24.7%

1,071

800

- 25.3%

All Price Ranges

By Construction Status Previously Owned New Construction

1,447

1,515

+ 4.7%

1,266

1,373

+ 8.5%

181

142

- 21.5%

All Property Types

9,668

7,699

- 20.4%

8,416

6,757

- 19.7%

1,252

942

- 24.8%

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 12-2015

By Construction Status

12-2016

12-2015

18.4 16.2

By Property Type 12-2015

12-2016

4.2

4.2

4.4

4.3

3.6

2.3

3.6

3.7 2.2

5.0

3.7

3.4

3.1 8.4

12-2016

2.7

8.0

4.7

3.2

- 36.1%

- 38.9%

- 13.5%

- 6.0%

- 4.8%

- 12.0%

- 26.3%

+ 6.1%

- 20.9%

- 27.0%

$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

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

$149,999 and Below

3.6

2.3

- 36.1%

3.9

2.5

- 35.9%

2.9

1.7

- 41.4%

$150,000 to $199,999

3.6

2.2

- 38.9%

3.6

2.2

- 38.9%

3.9

2.4

- 38.5%

$200,000 to $299,999

3.7

3.2

- 13.5%

3.7

3.1

- 16.2%

4.3

4.1

- 4.7%

$300,000 to $499,999

5.0

4.7

- 6.0%

4.9

4.6

- 6.1%

5.8

6.3

+ 8.6%

$500,000 to $999,999

8.4

8.0

- 4.8%

8.4

8.0

- 4.8%

8.3

8.2

- 1.2%

$1,000,000 and Above

18.4

16.2

- 12.0%

18.5

16.4

- 11.4%

14.2

15.3

+ 7.7%

All Price Ranges

4.2

3.3

- 21.4%

4.3

3.4

- 20.9%

3.7

2.7

- 27.0%

12-2015

12-2016

Change

12-2015

12-2016

Change

12-2015

12-2016

Change

Previously Owned

4.2

3.1

- 26.3%

4.3

3.2

- 26.1%

3.5

2.6

- 27.0%

New Construction

4.2

4.4

+ 6.1%

4.1

4.5

+ 9.1%

4.9

4.2

- 15.2%

All Property Types

4.2

3.3

- 21.4%

4.3

3.4

- 20.9%

3.7

2.7

- 27.0%

By Construction Status

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside / Mandarin / Bartram

- 5.9%

- 16.5%

+ 3.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 01

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

186

175

- 5.9%

3,455

3,309

- 4.2%

236

197

- 16.5%

2,622

2,686

+ 2.4%

$194,000

$200,000

+ 3.1%

$185,001

$200,000

+ 8.1%

Percent of Original List Price Received*

95.0%

95.6%

+ 0.6%

94.6%

95.7%

+ 1.2%

Percent of Properties Sold Over List Price*

23.7%

12.7%

- 46.4%

15.7%

15.9%

+ 1.3%

Days on Market Until Sale

82

57

- 30.5%

74

64

- 13.5%

Inventory of Homes for Sale

736

599

- 18.6%

--

--

--

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.

December

2015

2016

236 186

175

- 5.9% New Listings

197

Year to Date 3,455

2015

3,309 2,622

- 16.5% Closed Sales

- 4.2% New Listings

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

2016

2,686

+ 2.4% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Southside

+ 0.9%

- 5.4%

+ 11.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 02

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

223

225

+ 0.9%

4,447

4,259

- 4.2%

279

264

- 5.4%

3,448

3,506

+ 1.7%

$163,500

$182,000

+ 11.3%

$165,900

$180,000

+ 8.5%

Percent of Original List Price Received*

94.7%

96.1%

+ 1.5%

94.7%

96.0%

+ 1.4%

Percent of Properties Sold Over List Price*

16.1%

14.4%

- 10.6%

17.0%

15.9%

- 6.5%

Days on Market Until Sale

71

64

- 9.9%

71

63

- 11.3%

Inventory of Homes for Sale

892

722

- 19.1%

--

--

--

Months Supply of Inventory

3.0

2.5

- 16.7%

--

--

--

Median Sales Price*

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

December

2015

279 223

225

+ 0.9% New Listings

2016

264

Year to Date 4,447

2015

4,259 3,448

- 5.4% Closed Sales

- 4.2% New Listings

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

2016

3,506

+ 1.7% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Riverside / Avondale / Ortega

- 4.3%

- 6.1%

- 8.4%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 03

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

47

45

- 4.3%

837

838

+ 0.1%

49

46

- 6.1%

577

595

+ 3.1%

$232,000

$212,450

- 8.4%

$230,000

$244,900

+ 6.5%

Percent of Original List Price Received*

93.5%

88.5%

- 5.3%

92.5%

93.1%

+ 0.6%

Percent of Properties Sold Over List Price*

12.2%

8.7%

- 28.7%

10.1%

8.1%

- 19.8%

Days on Market Until Sale

72

101

+ 40.3%

88

82

- 6.8%

Inventory of Homes for Sale

215

170

- 20.9%

--

--

--

Months Supply of Inventory

4.4

3.4

- 22.7%

--

--

--

Median Sales Price*

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

December 47

2015

45

- 4.3% New Listings

49

2016

Year to Date 837

2015

838

46

- 6.1% Closed Sales

595

577

+ 0.1% New Listings

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

2016

+ 3.1% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Arlington / Fort Caroline

- 6.5%

- 1.3%

- 2.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 04

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

153

143

- 6.5%

2,507

2,398

- 4.3%

153

151

- 1.3%

1,979

1,974

- 0.3%

$160,000

$155,950

- 2.5%

$140,000

$158,000

+ 12.9%

Percent of Original List Price Received*

93.1%

95.4%

+ 2.5%

94.3%

95.7%

+ 1.5%

Percent of Properties Sold Over List Price*

19.0%

15.3%

- 19.5%

20.1%

18.8%

- 6.5%

Days on Market Until Sale

78

68

- 12.8%

69

64

- 7.2%

Inventory of Homes for Sale

527

379

- 28.1%

--

--

--

Months Supply of Inventory

3.1

2.3

- 25.8%

--

--

--

Median Sales Price*

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

December 153

2015

143

153

2016

151

Year to Date 2,507

2015

2,398 1,979

- 6.5% New Listings

- 1.3% Closed Sales

- 4.3% New Listings

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

2016

1,974

- 0.3% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

West Jacksonville

+ 1.6%

- 24.1%

+ 20.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 06

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

122

124

+ 1.6%

2,040

1,961

- 3.9%

158

120

- 24.1%

1,650

1,644

- 0.4%

$125,000

$150,000

+ 20.0%

$120,000

$134,000

+ 11.7%

Percent of Original List Price Received*

93.8%

95.6%

+ 1.9%

94.6%

95.9%

+ 1.4%

Percent of Properties Sold Over List Price*

22.2%

11.7%

- 47.3%

20.0%

19.3%

- 3.5%

Days on Market Until Sale

80

59

- 26.3%

75

65

- 13.3%

Inventory of Homes for Sale

496

281

- 43.3%

--

--

--

Months Supply of Inventory

3.6

2.0

- 44.4%

--

--

--

Median Sales Price*

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

December

2015

2016

158 122

124

+ 1.6% New Listings

Year to Date 2,040

120

- 24.1% Closed Sales

2015

1,961

- 3.9% New Listings

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

1,650

2016

1,644

- 0.4% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Fleming Island Area

- 4.5%

+ 34.1%

+ 34.2%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 12

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

44

42

- 4.5%

901

884

- 1.9%

41

55

+ 34.1%

595

631

+ 6.1%

$190,000

$254,900

+ 34.2%

$225,000

$249,900

+ 11.1%

Percent of Original List Price Received*

91.3%

96.2%

+ 5.4%

94.2%

95.9%

+ 1.8%

Percent of Properties Sold Over List Price*

14.6%

20.0%

+ 37.0%

11.6%

17.9%

+ 54.3%

Days on Market Until Sale

89

69

- 22.5%

76

69

- 9.2%

Inventory of Homes for Sale

192

192

0.0%

--

--

--

Months Supply of Inventory

3.7

3.7

0.0%

--

--

--

Median Sales Price*

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

December

2015

2016

55 44

42

- 4.5% New Listings

Year to Date 901

2015

884

41

+ 34.1% Closed Sales

631

595

- 1.9% New Listings

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

2016

+ 6.1% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Orange Park

- 12.2%

- 16.0%

+ 19.5%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 13

December

Year to Date

2015

2016

+/–

2015

2016

+/–

New Listings

123

108

- 12.2%

2,273

2,080

- 8.5%

Closed Sales

144

121

- 16.0%

1,847

1,739

- 5.8%

Median Sales Price*

$151,500

$181,000

+ 19.5%

$150,000

$160,000

+ 6.7%

Percent of Original List Price Received*

94.7%

95.7%

+ 1.1%

94.5%

95.9%

+ 1.5%

Percent of Properties Sold Over List Price*

22.2%

19.0%

- 14.4%

17.8%

19.0%

+ 6.7%

Days on Market Until Sale

78

70

- 10.3%

81

70

- 13.6%

Inventory of Homes for Sale

506

304

- 39.9%

--

--

--

Months Supply of Inventory

3.3

2.1

- 36.4%

--

--

--

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

December 123

2015

2016

2,273

144 108

- 12.2% New Listings

Year to Date

121

- 16.0% Closed Sales

2015

2,080

- 8.5% New Listings

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

1,847

2016

1,739

- 5.8% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Middleburg Vicinity

- 30.3%

+ 9.2%

+ 7.8%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 14

December

Year to Date

2015

2016

+/–

2015

2016

+/–

New Listings

99

69

- 30.3%

1,348

1,206

- 10.5%

Closed Sales

76

83

+ 9.2%

994

1,003

+ 0.9%

Median Sales Price*

$157,750

$170,000

+ 7.8%

$153,250

$167,000

+ 9.0%

Percent of Original List Price Received*

95.0%

96.2%

+ 1.3%

94.2%

94.5%

+ 0.3%

Percent of Properties Sold Over List Price*

31.6%

15.7%

- 50.3%

20.4%

15.3%

- 25.0%

Days on Market Until Sale

76

70

- 7.9%

88

79

- 10.2%

Inventory of Homes for Sale

359

272

- 24.2%

--

--

--

Months Supply of Inventory

4.3

3.3

- 23.3%

--

--

--

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

December

2015

2016

Year to Date 1,348

99 69

- 30.3% New Listings

76

83

+ 9.2% Closed Sales

2015

1,206 994

- 10.5% New Listings

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

2016

1,003

+ 0.9% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Green Cove Springs

- 8.3%

- 31.0%

+ 20.7%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 16

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

24

22

- 8.3%

437

340

- 22.2%

29

20

- 31.0%

285

271

- 4.9%

$169,370

$204,495

+ 20.7%

$160,325

$206,000

+ 28.5%

Percent of Original List Price Received*

95.0%

97.2%

+ 2.3%

93.1%

95.8%

+ 2.9%

Percent of Properties Sold Over List Price*

10.3%

35.0%

+ 239.8%

14.7%

22.6%

+ 53.7%

Days on Market Until Sale

83

77

- 7.2%

88

89

+ 1.1%

Inventory of Homes for Sale

113

104

- 8.0%

--

--

--

Months Supply of Inventory

4.4

4.9

+ 11.4%

--

--

--

Median Sales Price*

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

December

2015

2016

22

- 8.3% New Listings

2015

2016

437

29 24

Year to Date 340

20

- 31.0% Closed Sales

- 22.2% New Listings

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

285

271

- 4.9% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Jacksonville Beach

- 15.4%

- 20.4%

+ 12.1%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 21

December

Year to Date

2015

2016

+/–

2015

2016

+/–

New Listings

52

44

- 15.4%

909

765

- 15.8%

Closed Sales

49

39

- 20.4%

667

596

- 10.6%

Median Sales Price*

$305,900

$343,000

+ 12.1%

$310,000

$322,325

+ 4.0%

Percent of Original List Price Received*

93.2%

96.2%

+ 3.2%

94.1%

95.1%

+ 1.1%

Percent of Properties Sold Over List Price*

6.1%

7.7%

+ 26.2%

10.9%

8.1%

- 25.7%

Days on Market Until Sale

120

68

- 43.3%

83

79

- 4.8%

Inventory of Homes for Sale

214

163

- 23.8%

--

--

--

Months Supply of Inventory

3.8

3.3

- 13.2%

--

--

--

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

December

2015

52 44

- 15.4% New Listings

2016

Year to Date

2015

2016

909

49

765

39

- 20.4% Closed Sales

- 15.8% New Listings

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

667

596

- 10.6% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Neptune Beach

- 11.1%

+ 18.2%

+ 5.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 22

December

New Listings Closed Sales Median Sales Price*

Year to Date

2015

2016

+/–

2015

2016

+/–

9

8

- 11.1%

173

168

- 2.9%

11

13

+ 18.2%

129

120

- 7.0%

$400,000

$420,000

+ 5.0%

$335,000

$365,000

+ 9.0%

Percent of Original List Price Received*

93.3%

90.3%

- 3.2%

92.8%

94.9%

+ 2.3%

Percent of Properties Sold Over List Price*

0.0%

15.4%

--

14.0%

15.0%

+ 7.1%

51

112

+ 119.6%

84

68

- 19.0%

Days on Market Until Sale Inventory of Homes for Sale

33

44

+ 33.3%

--

--

--

Months Supply of Inventory

3.0

4.6

+ 53.3%

--

--

--

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

December

2015

2016

13 11 9

Year to Date 173

2015

168 129

8

- 11.1% New Listings

+ 18.2% Closed Sales

- 2.9% New Listings

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

2016

120

- 7.0% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Atlantic Beach

+ 4.2%

+ 59.1%

+ 44.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 23

December

New Listings Closed Sales Median Sales Price*

Year to Date

2015

2016

+/–

2015

2016

+/–

24

25

+ 4.2%

472

462

- 2.1%

22

35

+ 59.1%

345

344

- 0.3%

$191,000

$275,000

+ 44.0%

$220,000

$263,450

+ 19.8%

Percent of Original List Price Received*

95.3%

94.5%

- 0.8%

94.5%

94.5%

0.0%

Percent of Properties Sold Over List Price*

4.5%

22.9%

+ 408.9%

14.2%

15.7%

+ 10.6%

Days on Market Until Sale

87

64

- 26.4%

78

71

- 9.0%

Inventory of Homes for Sale

109

103

- 5.5%

--

--

--

Months Supply of Inventory

3.7

3.7

0.0%

--

--

--

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

December

2015

2016

35 24

25

+ 4.2% New Listings

Year to Date 472

2015

2016

462 345

344

22

+ 59.1% Closed Sales

- 2.1% New Listings

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

- 0.3% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

NE St. Johns County – Ponte Vedra Beach North

- 44.4%

0.0%

- 2.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 25

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

18

10

- 44.4%

319

304

- 4.7%

17

17

0.0%

202

196

- 3.0%

$430,000

$420,000

- 2.3%

$430,500

$308,500

- 28.3%

Percent of Original List Price Received*

94.2%

92.0%

- 2.3%

92.8%

93.3%

+ 0.5%

Percent of Properties Sold Over List Price*

11.8%

0.0%

- 100.0%

9.9%

8.2%

- 17.2%

126

97

- 23.0%

100

84

- 16.0%

Median Sales Price*

Days on Market Until Sale Inventory of Homes for Sale

93

88

- 5.4%

--

--

--

Months Supply of Inventory

5.3

5.4

+ 1.9%

--

--

--

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

December

2015

18

17

2016

17

Year to Date 319

2015

304 202

10

- 44.4% New Listings

0.0% Closed Sales

- 4.7% New Listings

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

2016

196

- 3.0% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

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

- 10.9%

- 12.9%

- 7.3%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 26

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

46

41

- 10.9%

963

1,026

+ 6.5%

62

54

- 12.9%

686

648

- 5.5%

$446,450

$413,700

- 7.3%

$405,000

$424,500

+ 4.8%

Percent of Original List Price Received*

92.9%

92.0%

- 1.0%

93.3%

93.3%

0.0%

Percent of Properties Sold Over List Price*

1.6%

5.6%

+ 250.0%

6.7%

4.9%

- 26.9%

Days on Market Until Sale

134

121

- 9.7%

112

105

- 6.3%

Inventory of Homes for Sale

294

264

- 10.2%

--

--

--

Months Supply of Inventory

5.0

4.9

- 2.0%

--

--

--

Median Sales Price*

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

December

2015

62 46

2016

54

Year to Date 963

2015

1,026

41

- 10.9% New Listings

686

- 12.9% Closed Sales

+ 6.5% New Listings

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

2016

648

- 5.5% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

Ponte Vedra / Nocatee (St. Johns County)

- 17.1%

- 8.7%

- 6.6%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 27

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

70

58

- 17.1%

919

1,020

+ 11.0%

92

84

- 8.7%

676

846

+ 25.1%

$390,318

$364,520

- 6.6%

$380,425

$376,254

- 1.1%

Percent of Original List Price Received*

98.1%

98.1%

0.0%

98.9%

98.3%

- 0.6%

Percent of Properties Sold Over List Price*

19.6%

13.1%

- 33.2%

21.7%

20.8%

- 4.1%

Days on Market Until Sale

43

70

+ 62.8%

57

66

+ 15.8%

Inventory of Homes for Sale

193

223

+ 15.5%

--

--

--

Months Supply of Inventory

3.2

3.3

+ 3.1%

--

--

--

Median Sales Price*

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

December

2015

92 70

2016

84

Year to Date

2015

1,020

919

846

58

- 17.1% New Listings

2016

676

- 8.7% Closed Sales

+ 11.0% New Listings

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

+ 25.1% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

St. Johns County NW

+ 8.6%

+ 38.8%

+ 3.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 30

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

152

165

+ 8.6%

3,017

3,381

+ 12.1%

160

222

+ 38.8%

2,257

2,534

+ 12.3%

$279,250

$287,767

+ 3.0%

$264,900

$285,000

+ 7.6%

Percent of Original List Price Received*

96.7%

96.2%

- 0.5%

96.0%

96.5%

+ 0.5%

Percent of Properties Sold Over List Price*

19.4%

12.2%

- 37.1%

13.9%

15.4%

+ 10.8%

Days on Market Until Sale

76

82

+ 7.9%

81

75

- 7.4%

Inventory of Homes for Sale

757

710

- 6.2%

--

--

--

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.

December

2015

2016

Year to Date

222 152

165

+ 8.6% New Listings

160

+ 38.8% Closed Sales

3,017

2015

3,381 2,257

+ 12.1% New Listings

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

2016

2,534

+ 12.3% 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

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


Local Market Update – December 2016 A RESEARCH TOOL PROVIDED BY THE NORTHEAST FLORIDA ASSOCIATION OF REALTORS®

St. Johns County NE

- 38.7%

- 23.8%

+ 34.0%

Change in New Listings

Change in Closed Sales

Change in Median Sales Price

Region 31

December

New Listings Closed Sales

Year to Date

2015

2016

+/–

2015

2016

+/–

31

19

- 38.7%

464

439

- 5.4%

21

16

- 23.8%

264

328

+ 24.2%

$320,000

$428,740

+ 34.0%

$354,500

$355,000

+ 0.1%

Percent of Original List Price Received*

94.9%

95.5%

+ 0.6%

96.5%

95.7%

- 0.8%

Percent of Properties Sold Over List Price*

9.5%

6.3%

- 33.7%

12.1%

9.8%

- 19.0%

Days on Market Until Sale

128

76

- 40.6%

109

109

0.0%

Inventory of Homes for Sale

180

136

- 24.4%

--

--

--

Months Supply of Inventory

7.7

5.1

- 33.8%

--

--

--

Median Sales Price*

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

December

2015

2016

Year to Date 464

31 19

- 38.7% New Listings

2015

439

21

328

264

16

- 23.8% Closed Sales

- 5.4% New Listings

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

2016

+ 24.2% 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

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


Market Insight 1-2017