Hello, Hope your week is going great!
Currently there are 4,865 active residential homes & Condos for sale in our local MLS which covers all of NE Florida. The average sqft of those homes is 2,187. So what happens when you search for something nearly 3x that size? Well for starters the price jumps, the least expensive 5,000+ sqft home for sale currently is $575,000 but there are 137 other options if you are looking for that kind of size here on the first coast.
If nothing else a lot of these are fun to look at :)
Click here to check out homes with over 5,000sqft!
Or
See all of the homes for sale in Northeast Florida here/

 

Real Estate News:

Looking at July numbers:
  • Median sales price is up 9% vs July 2019 to $265,000!
  • Weird number is : Median list price 2020 $290,000  vs 2019  $281,990    2.84% change
  • VS Median sales price 2020  $265,000  2019  $241,000    9.96% change
Kind of scratching my head on that one. The market is tight though, sold to list is over 96% I think that's the highest I've seen it.. ever.
       
         
         

Mortgage News:

The numbers of borrowers going into forbearance dropped this past week so that is good news for the future real estate market. Rates are still really low but new changes from Fannie Mae need to be discussed with your lender if you are planning on purchasing or refinancing.

Foreclosures :
3- Tres, Three! Only three new foreclosures came on the market it past 7 days. Again, Florida is a judicial state and there is a moratorium on foreclosures throughout the state, so not sure when we will see an uptick but probably early 20201.  here are all of the current bank owned properties



Have a great rest of your week, please give me a call if you ever need anything.
Thanks & Be Safe

Wes Broxson
Realtor® | Broker Associate
EXP Realty
904-716-3387


 
 
Looking to do some social distancing full time? Why not buy some land in St. Johns County?  Click Here to see all vacant land in St. Johns
 
 
 
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