Get Current Listings, Market Activity, Home Assessments, and More Instantly at www.AmeliaViewLiving.com 2490 Monument Road Jacksonville, FL 32225 & Neighbor WATSON REALTY 904.403.7941 LauraRosener@WatsonRealtyCorp.com www.LauraRosener.com PRESENTED BY Laura Rosener Your Neighbor and Amelia View Real Estate Specialist REAL ESTATE MARKET REPORT AUGUST 2023 www.AmeliaViewLiving.com AMELIA VIEW MOVE-IN READY HOME IN AMELIA VIEW BY LAURA 2832 EGRET WALK TERRACE 4 Beds | 3 Baths | 2,531 Sq. Ft. Offered at $509,000 Call for more information or to schedule a private tour. Whether you’re looking for an investment property, or looking to relocate, upsize, or downsize, I can help achieve exceptional results. Call me today at 904.403.7941 and let’s create a personalized, effective plan that fits your unique needs. Homeowners, PREPARED ESPECIALLY FOR Homeowners
SECOND HALF 2023
Market Watch
After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the market finally started normalizing late last year. However, home values have started rising again, for three months in a row.
Sellers Have Power Due to Inventory
We’re still well below the 5 to 6-month supply needed for a healthy, balanced market. This explains why bidding wars have returned; many buyers still have little choice but to bid up prices. The supply-and-demand equation simply won’t allow a price crash.
Home Prices are Steady and Will Rise
Prices are up by more than $100,000 since the pandemic began in March 2020. According to Rick Arvielo, head of mortgage firm New American Funding, “You’re not going to see house prices decline. There’s just not enough inventory.”
Builders Didn’t Keep Up with Demand
Never fully ramping up from pre-2007 levels, there’s no way for builders to move quickly enough to quench demand. Overbuilding looks unlikely, and while increased construction balances supply and demand, it won’t happen overnight.
Even in markets with lower prices, multiple-offer situations returned in the spring buying season following the calmer winter market.”
If you’ve thought about selling, now is a great time to take advantage of the lack of inventory. Give me a call at 904.403.7941 and let’s discuss a strategy to help you move into your next dream home.
Ostrowski, Jeff. “Is the housing marketing about to crash? What the experts are saying.” Bankrate, July 17th, 2023, www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/
HOMES FOR SALE 2 HOMES CURRENTLY UNDER CONTRACT 2 HOMES SOLD IN THE LAST 12 MONTHS 8 AMELIA VIEW CURRENT MARKET ACTIVITY Dedicated to being the best for you . & Neighbor 904.403.7941 LauraRosener@WatsonRealtyCorp.com www.LauraRosener.com Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | ©2023 This market report was created especially for you. If you are thinking of making a move to your next dream home, contact me today at 904.403.7941 for a free market analysis of your home. Or visit www.AmeliaViewLiving.com Laura Rosener and Watson Realty Group are not in any way affiliated with Amelia View Home Owners Association, nor is this in any way an official advertisement or publication of Amelia View. ©2023 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NEFMLS from August 31st, 2022 through July 24th, 2023 for homes valued under $1M Listings and sales may not be those of Watson Realty Group. The NEFMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. **Bold properties sold by Watson Realty STATUS ADDRESS BEDS TOTAL BATHS EST. SQ. FT. LIST PRICE SOLD PRICE SOLD DATE Sold** 3092 Preserve Landing Drive 4 3 2,329 $449,000 $445,000 07/17/23 Sold 3052 Preserve Landing Drive 4 3 2,642 $500,000 $500,000 07/14/23 Sold 2992 Egret Walk Terrace S 5 4 3,070 $579,900 $580,000 06/16/23 Sold** 14740 Nassau Sound Drive 4 4 2,937 $550,000 $550,000 04/20/23 Sold 14708 Amelia View Drive 4 3 2,653 $525,000 $525,000 03/29/23 Sold 2902 Amelia Bluff Drive 4 3 2,299 $435,000 $435,000 03/28/23 Sold** 14532 Amelia Cove Drive 4 4 3,379 $549,000 $500,550 10/05/22 Sold** 14676 Amelia View Drive 5 4 3,546 $650,000 $649,000 08/31/22 HOMES SOLD IN THE LAST 12 MONTHS there are ONLY 2 ACTIVE HOMEs! YOUR PROPERTY IS IN HIGH DEMAND! Homeowners, 14757 NASSAU SOUND DRIVE OFFERED AT $520,000 2959 PRESERVE LANDING DRIVE OFFERED AT $465,000 UNDER CONTRACT IN AMELIA VIEW BY LAURA When you decide it is time to sell, place your confidence in me and will help you achieve exceptional results. Call me at 904.403.7941 Homeowners,
