Hello, Hope your week is going great!
Welcome to June 1, 2023 in the year of our Lord & the start of the 2023 hurricane season here in Florida. Here's my possibly unpopular opinion, out of all of the natural disasters, I'll take a hurricane over most. My reasoning is they generally move slow and give you time to prepare vs say a tornado, forest fire, or an earthquake. In NE Florida, if you choose to evacuate, it's much easier than other parts of the state. Florida allows a tax holiday on disaster preparedness which is going on now until June 9th. You can see the full list of the very large range of products that qualify here form the Florida Dept or Revenue
On to real estate-
Foreclosures:
There are 21 foreclosed properties on the market right now, you can see all of them here.
News:
Our local May data is available - The average sales price went up 1% to an average of $442,241- with average days on the market at 67 - The average days on the market here in NE Florida was climbing for the past 6 months or so, but it's going down a bit now, meaning demand is picking up. The number of sold properties is down about 20% from same time last year and new listings are down a whopping 25%
Mortgage News:
Average interest rate for a 30 year fixed rate is just under 7% and seem to be dropping a bit, applications were down week over week, I expect that to change on next weeks data.
If you need info on obtaining a mortgage click here.
Have a great rest of your week, please give me a call if you ever need anything.
Thanks
Wes Broxson
Realtor® | Broker Associate
EXP Realty
904-716-3387
P.S
If you are thinking of making a move this summer, let's connect now. I would love to be of assistance and am planning out my summer calendar now. Give me a call or reply to this e-mail and lets get a game plan worked out for your move.
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