House Hunting What’s selling and for how much?

Numbers Game

What’s been selling lately. And for how much.

NEIGHBORHOOD ADDRESS SQ. FEET SELLER SALE PRICE

PRIOR SALE PRICE DAYS ON MARKET

East Arlington 10903 Houndwell Way 2,124 Century 21 First Coast Chimney Lakes 8120 Tuxford Ln. 1,844 Re/Max Unlimited Southbank (Condo) 1478 Riverplace Blvd. 1,298 Round Table Realty Bartram Park 7006 Bartram Preserve Pkwy. 2,088 Slate Real Estate $500,000 $164,900 (2000) 80 $327,500 $160,600 (2004) 47 $341,500 $280,000 (2021) 18 $460,000 $293,000 (2019) 61

Avondale

1642 Canterbury St. 1,851 Berkshire Hathaway HomeServices Florida Network Realty $650,000 $474,500 (2020) 62

Bent Creek Golf Community 5631 Coldstream Ct. 2,797 Florida Homes Realty & Mortgage $432,000 $310,000 (2018) 27 Jacksonville Beach

130 32nd Ave. S. 4,493 Coastal Advantage Realty $1,925,000 $1,275,000 (2020) 69

North Jacksonville 14676 Amelia View Dr. 3,546 Watson Realty Corp. $649,000 $385,000 (2010) 40

Mandarin

11870 Swooping Willow Rd. 1,887 Keller Williams St. Augustine 1097 Trailmark Dr. 2,174 EXP Realty Riverside (Condo) 1560 Lancaster Tr. 1,320 Edwin Bonneau, Broker San Marco 1020 Oriental Gardens Rd. 5,286 Bass Professional Realty $440,000 $240,000 (2018) 74 $610,000 $334,863 (2020) 70 $440,000 $329,000 (Apr 2022) 40 $1,430,000 $1,125,000 (2018) 42

Orange Park 1734 Papaya Dr. N. 1,420 Keller Williams Nocatee

49 Shadow Ridge Trl. 2,251 Keller Williams

$316,900 $185,000 (2018) 47 $949,000 $510,956 (2019) 55 Fernandina Beach 1532 Coastal Oaks Dr. 1,900 Solano Real Estate $835,000 $483,500 (2019) 92 Middleburg 1863 Twin Peak Ct. 1,690 Coldwell Banker Vanguard Realty $330,000 $100,000 (1999) 27 Atlantic Beach 1722 Sea Oats Dr. 1,828 Compass Florida $1,150,000 $689,900 (2020) 33 Queens Harbour 767 Providence Island Ct. 2,484 Marsh Landing Country Club $750,000 $479,429 (2017) 36 Baymeadows 8166 Meadow Walk Ln. 2,532 Florida Homes Realty & Mortgage $459,900 $284,990 (2019) 45 St. Johns

1072 Durbin Parke Dr. 2,651 Momentum Realty $545,000 $379,900 (2020) 96

WHAT GOES UP...

e “It’s not fair to compare 2022 sales numbers to those from a year ago because 2021 was such a uniquely good year for the housing market, with the 30-year mortgage rates hovering near 3% the entire year,” says Brad O’Connor, chief economist for Florida Realtors. “This year’s high mortgage rates, combined with a continuation of last year’s rapid rise in home prices have really put the brakes on the number of completed transactions this summer.” According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 5.4% in July, a sizable increase over the 2.87% average during the same month a year earlier. Homes in the Sunshine State are still selling, just at a much slower pace than recently experienced. In July, closed sales of single-family homes statewide totaled 23,705 (about one-third of which were paid in cash), down nearly 23% year-overyear. However, the news isn’t all bad for home sellers. The statewide median sales price for single-family existing houses in July was $412,303, up 16% from the previous year. Buyers receiving their original asking price or even above asking was the norm. That said, higher interest rates are having a real effect on housing, in particular new home construction, which slowed significantly in many parts of the nation in June and July. u