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Jacksonville Real Estate & Market News
Riverside Market Summary 2013
The neighborhood of Riverside went through a stabilization in 2012. The 2013 the market has not only continued to improve, but shifted into a seller’s market this past spring/summer. While prices are continuing to hold strong, the seasonal shift came early this year. The rise of prices slowed a bit, but Riverside is still holding at (what we would call) a balanced market. With the average sales price up over $85,000 from this time last year, Riverside’s fall market is strong. Many homeowners who found they could not sell in 2010, are able to get at or above their previous asking price.
Jacksonville’s Fall “Pop”
Don’t let the pace of the market keep you from listing this fall. We still have the “pop” to look forward to. What is the “pop” you ask? The “pop” is what we like to call the peak of Jacksonville’s fall housing market. It typically happens before Halloween, but occasionally occurs between Halloween and Thanksgiving. The “pop” makes today a perfect time to list your property and purchase a property. By listing today, you get your property on the market so that you can take advantage of the “pop” of activity with buyers and prices. By purchasing today, you purchase while the market is not yet at the fall peak, saving you time and money.
In the community of Riverside in Jacksonville Florida, home sales were up year-over-year and up month-over-month.
Average List Price: $258,648
Average Sales Price: $192,833
Sold to List Price Ratio: 98.6%
Average Day on Market: 97.9
Active Listings: 28
Percent of Distressed Properties (Short Sales and Foreclosures): 11.3%
Absorption Rate: 5.71% (Balanced Market in Riverside)
Find out what your Riverside Home is Worth in Today’s Market. Call us at 904-270-9382 or Fill Out this Form
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