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Dec. 18, 2024

Jacksonville Real Estate Update 10-31-24

 

 
Hope you had a great week!
The finish line of 2024 is within sight. Hurricane season is almost over and the Turkeys are getting ordered. Just to make everyone aware, there is still a Village Inn in NE Florida if you want to order some pies for Thanksgiving, the only one left is in St. Augustine on US1.




🏡 Local Real Estate News:
New stats are at the bottom of this e-mail. When the months of inventory hit 6 months, it's considered a buyers market. Think we will be there by the beginning of next year. Do with that what you will.
Keep up  on the newest homes hitting the market this weekend here!


Corporate Owned:
 There are 150 homes in our system listed as "corporate owned" many of these are bank owned or investor owned check them out here.

Current Property Owners:
Over 400 of our clients keep track of their property's value and their equity position through our unique homebot tool. You can use it to by clicking here




Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
These are the stats for Duval, Clay & St. Johns Counties Only
 
 
Newest homes for sale in NE Florida -Click Here
 



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Aug. 19, 2024

Jacksonville Real Estate Update 8-12-24

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Hope you had a great week!
Tomorrow new rules go into effect for every Realtor in the country. These rules are the biggest shift I've experienced in 20 years of selling real estate and let me tell ya, I've seen some shift

The gist of the shift is how Realtors will be paid and by whom. (This will impact both buyers and sellers with immediate effect)
I'm hesitant to dig into the details here because I think it's best explained one to one with clients and I'm happy to do that with anyone receiving this e-mail. As I always say - call me anytime!

I only bring this change up to highly, strongly and emphatically suggest work with only reputable real estate agents and Realtors® with experience.

The rest of 2024 will be a learning curve for all agents, myself included but I believe if I and my team continue putting our clients interests first, the changes that start tomorrow will be for the better for all real estate buyers and sellers.



🏡 Local Real Estate News:
July numbers are in for our local area and prices are still increasing but a bit slower up 1% from last year. Full numbers are below.
Keep up  on the newest homes hitting the market this weekend here!


Corporate Owned:
 There are 154 homes in our system listed as "corporate owned" many of these are bank owned or investor owned check them out here.

Current Property Owners:
Over 300 of our clients keep track of their property's value and their equity position through our unique homebot tool. You can use it to by clicking here




Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
 
 
 
Newest homes for sale in NE Florida -Click Here
 



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Aug. 12, 2024

Jacksonville Real Estate Update 8-9-24

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Hope you had a great week!
For many local parents this is the last weekend of summer break. If you aren't running around picking up last minute things you may want to snag a ticket to the 1st Jaguars pre-season game vs the Chiefs - kickoff is at 7pm so hopefully the heat and rain have gone by then.



🏡 Local Real Estate News:
Rates dipped this week, even without a FED rate cut, many clients are getting quoted in the 5 range. The drop in rates may be a foreshadowing for when the FED makes a move
Keep up  on the newest homes hitting the market this weekend here!


Corporate Owned:
 There are 167 homes in our system listed as "corporate owned" many of these are bank owned or investor owned check them out here.
I like the pricing and location on 189 Bosco

Current Property Owners:
Over 300 of our clients keep track of their property's value and their equity position through our unique homebot tool. You can use it to by clicking here




Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
The Below property is the best priced parcel on the market in Duval County right now! Take a look and call me with any questions.
Wanna get away from it all but still be close to it all? Just listed this week is a great opportunity priced 30-50K below similar properties. Cash only - call me 904-716-3387 or click the image above for more info
 
 
Newest homes for sale in NE Florida -Click Here
 



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July 15, 2024

Jacksonville Real Estate Update 7-12-24

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Hello, Hope you had a great week!
               I've been trying to get a few things accomplished this week only to find out that soooo many of the vendors I use are on vacation. Great for them! It has me wishing I could use A.I for more things- so I asked Chaptgpt on behalf of those vendors and my clients who are heading out for a trip this summer,  what are 5 best ways to keep your home safe when you are on vacation: This was its? response.
 

  1. Install a Security System:

    • Description: Use a comprehensive security system with alarms, cameras, and motion detectors. Modern systems often come with mobile apps, allowing you to monitor your home remotely.
    • Benefit: Deters potential intruders and provides real-time alerts if any suspicious activity is detected.

  2. Use Smart Lighting:

    • Description: Set up smart lights that can be programmed to turn on and off at random intervals. This creates the illusion that someone is home.
    • Benefit: Reduces the risk of your home being targeted by burglars who look for unoccupied houses.

  3. Hold Your Mail and Packages:

    • Description: Arrange for the postal service to hold your mail or ask a neighbor to collect it. Do the same for any packages.
    • Benefit: Prevents an accumulation of mail or packages, which can be a clear signal that no one is home.

  4. Secure Doors and Windows:

    • Description: Ensure all doors and windows are locked securely. Consider using deadbolts, window locks, and security bars for added protection.
    • Benefit: Makes it more difficult for intruders to gain entry into your home.

  5. Inform a Trusted Neighbor or Friend:

    • Description: Let a trusted neighbor or friend know you will be away. Ask them to keep an eye on your property and report any suspicious activity.
    • Benefit: Provides an extra layer of security and someone to respond quickly if there are any issues.

Implementing these measures can significantly enhance the safety of your home while you are away.


Local Real Estate:
There has been a surge in new construction listings under 400K recently - keep up to date on the market by
Checking in  on the newest homes hitting the market this weekend here!


Corporate Owned:
 There are 186 homes in our system listed as "corporate owned" many of these are bank owned or investor owned check them out here.

Sellers:
Thinking of selling or just want to stay on top of your property value?
Find the value of your home here



Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
 
 
 
Newest homes for sale in NE Florida -Click Here
 



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Call The Broxson Team at 904-260-3787
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June 30, 2024

Jacksonville Real Estate Update 6-27-25

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Hello, Hope you had a great week!
                 This week the City of Jacksonville & the Jacksonville Jaguars came to terms on a New Stadium! The state of Florida doesn't give money to sports teams so the city is pitching in to help keep the team here and the fans happy. Not only DUUUVAL but the surrounding counties will benefit from this major development but I do hope it will put a bit more respect on the Duval name in the years to come.  I grew up in JAX and for the past 40ish I've been waiting for a big splash to happen to draw folks downtown, something bigger than a fountain or a mono-rail to nowhere. I think this is finally it & I'm truly excited for Jacksonville.
You can click the below rendering for more details

Local Real Estate:
More homes are getting listed daily and homes are taking longer to sell = MORE INVENTORY
See the newest homes hitting the market this weekend here!


Foreclosures:
 There are 17 homes in our system listed as "in foreclosure" check them out here.

Sellers:
Thinking of selling or just want to stay on top of your property value?
Find the value of your home here



Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
 
 
 
Newest homes for sale in NE Florida -Click Here
 



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Feb. 20, 2024

Jacksonville Real Estate Update 2-17-24

 

 

 
Hello, Hope you had a great week!
                   Super Bowl weekend is here... again, kind of- It's the Super Bowl of Stock Car Racing in Daytona! To be honest Nascar has never been a big thing for me, however,  I have always wanted to attend this race, I wont make it this weekend but maybe next year.
If you are watching the race on Sunday & like me need to brush up on the talking points, I found this nice cheat sheet from ESPN

Let's race off to real estate stuff -

Local Real Estate:
I spoke with a few title agents this week and just asked the passing "How's Business" - slow was the answer. Title agents deal with Realtors from different companies all over the area so they have a good read on the local real estate market. Generally February is a slower month for home sales but some consider Presidents Day the unofficial start to the Spring home buying season.
See the newest homes hitting the market this weekend here!


Foreclosures:
 There are 21 foreclosed properties on the market right now you can see all of them here.

Sellers:
Staying on top of the value of your home has never been easier, our family real estate team has partnered with Homebot to get you the most up to date info on your home and your equity position.
Find the value of your home here

Mortgage News:
Mortgage rates jumped to 7.14% this week a two month high- not great news but there are options out there to get a much lower interest rate
If you need info on obtaining a mortgage click here.

Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
These numbers are for the 3 counties I concentrate on
Clay, Duval & St. Johns
 
 
 
Newest homes for sale in NE Florida -Click Here
 



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Feb. 20, 2024

Jacksonville Real Estate Update 2-11-24

 

 

 
Hello, Hope you had a great week!
                   Super Bowl weekend is here and with it the extra story lines...c
  • Will Taylor Swift make it in time for kickoff?
  • Over/Under on length of the National Anthem
  • How many millions of chicken wings will be consumed?
All of these are fun but my favorite to discuss is moving Presidents Day to the Monday after the Super Bowl. Every year Change.org has dozens of petitions to make this coming Monday  a national holiday. Over 14 million people will call in sick on Monday, productivity will drop by an estimated 30% but we could fix all of that. Of course, It would take an act of Congress to make it happen but totally worth it in my opinion

Local Real Estate: More and more condos for sale.
There are some serious headwinds happening \with condominiums in Florida. To make a VERY long story short: Condos are required to hit new reserve requirements and show proof by the end of 2024. Many monthly fees are moving significantly higher and have been since the Bill was signed in 2022. What I'm seeing is fees that were as low as $300 in 2021 are over $500 a month now. Also, some condos are completing inspections and needing to have some work done which causes assessments. This is leading to more inventory than has been available in some complexes for many years. It could lead to some foreclosures and possible price decreases in some condominium complexes.
Selling a condo in 2024? Correctly pricing, marketing and hiring an experienced Realtor® will be of paramount importance. It won't be just name your price and sell.

Buying a condo in 2024? The good news is you will have more options but I would suggest working with an attorney to review the condo budgets on your behalf during your inspection period.
See the most recent condos for sale here

Foreclosures:
 There are 19 foreclosed properties on the market right now you can see all of them here.

Sellers:
Staying on top of the value of your home has never been easier, our family real estate team has partnered with Homebot to get you the most up to date info on your home and your equity position.
Find the value of your home here

Mortgage News:
Mortgage demand cooled a bit week over week while rates slightly rose from 6.78% to 6.80%
If you need info on obtaining a mortgage click here.

Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
100% Financing is still around- contact me for more ino
 
 
Newest homes for sale in NE Florida -Click Here
 




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Feb. 20, 2024

Jacksonville Real Estate Update 2-5-24

 

 

 
Hello, Hope you had a great week!
                     This is the Mayor's weekend here in JAX. The DONNA Marathon Weekend kicks off tomorrow, it's a full weekend of events both in downtown and at the beaches. This marks the 17th consecutive year of the race but the 1st with the founder of the race being Jacksonville's mayor. Learn more on how you can participate here/
Local Real Estate Data:
Northeast Florida January 2024 numbers on homes sales are in the books. Prices are up almost 2.5% from last January. The number of sales though are actually down 20% The number of active listings are down around 10% but the number of new listings are up 13%.
I'm seeing more inventory hitting the market this month already so will be nice to see February data in March.
See the newest homes for sale in NE Florida here.

Foreclosures:
 There are 22 foreclosed properties on the market right now you can see all of them here.

Sellers:
Staying on top of the value of your home has never been easier, our family real estate team has partnered with Homebot to get you the most up to date info on your home and your equity position.
Find the value of your home here

Mortgage News:
Mortgage cooled a bit week over week while rates remained unchanged at 6.78%
If you need info on obtaining a mortgage click here.

Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
I found this nifty info & thought I would share.
 
 
Newest homes for sale in NE Florida -Click Here
 




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Feb. 20, 2024

Jacksonville Real Estate Update 1-25-24

 

 

 
Hello, Hope you had a great week!
                     This weekend at the Prime Osborn Convention Center you can check out the 76th Annual Boat Show. How important our waterways are to Jacksonville can not be overstated not only for commerce but for personal enjoyment. The boat show is always fun for adults and kids alike. You can learn more and buy tickets above.

Waterfront Homes:
In 2023 over 1500 waterfront homes were sold here in NE Florida. Those lucky new homeowners may have spent a lot less than you would think. The median sales price was just over $500,000. Jacksonville in my opinion is one of the last affordable waterfront cities in Florida. Condos with access to boat slips and views of natural water can be found in the low to mid 200K range. Check out different waterfront options in NE Florida here.


Foreclosures:
 There are 24 foreclosed properties on the market right now you can see all of them here.

Sellers:
Staying on top of the value of your home has never been easier, our family real estate team has partnered with Homebot to get you the most up to date info on your home and your equity position.
Find the value of your home here

Mortgage News:
Mortgage demand is still up week over week while rates rose to 6.78%
If you need info on obtaining a mortgage click here.

Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
Wake up to the sunrise everyday! See the latest oceanfront homes and condos for sale in Northeast Florida.
 
 
Newest homes for sale in NE Florida -Click Here
 




Call The Broxson Team at 904-260-3787
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Feb. 20, 2024

Jacksonville Real Estate Update 1-11-24

 

 

 
Hello, Hope you had a great week!
                      It's that time of year again, the clowns are back. By that of course I mean Ringling Bros. and Barnum & Bailey® presents The Greatest Show On Earth
They are in town just this weekend & you can get info and tickets in the link above - now on to real estate.


Home sales in 2023 hit a 20 year low according to data released just today by the National Association of Realtors® While there were less transactions home prices still ticked up over 4% since December 2022- 1st time homebuyers normally make up about 40% of the market however in 2023 they were only 29% of the transactions.
My quick thoughts on this: It's still mostly an affordability issue. Current homeowners are still in a great spot with low mortgage rates if they have mortgages at all. Over 40% of homes in the US do not have any debt on them. Locally the most negatively impacted are active duty military. The Navy is Jacksonville's largest employer &  VA loans are making up less and less of our transactions every year, many services members are renting during their tours instead of buying. In 2020 5220 VA loans were closed in our local MLS in 2023 only 4108.


Foreclosures:
 There are 27 foreclosed properties on the market right now you can see all of them here.

Sellers:
Staying on top of the value of your home has never been easier, our family real estate team has partnered with Homebot to get you the most up to date info on your home and your equity position.
Find the value of your home here

Mortgage News:
Mortgage demand jumped 10% week over week with rates dropping to 6.75%
If you need info on obtaining a mortgage click here.

Have a great weekend, please give me a call if you ever need anything.

Thanks

Wes Broxson
Realtor® | Broker Associate
LPT Realty
904-716-3387
 
 
Keep up on your home's value Here
 
 
Newest homes for sale in NE Florida -Click Here
 





Call The Broxson Team at 904-716-3387
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