Northeast Florida Market Statistics and Trends

Cost vs. Value of Improvements

How much of what you invested on that fabulous new kitchen, bathroom or other home improvement will you realize when you sell your home?  Investigate current trends in national regions through Remodeling Magazine's Remodeling Cost vs. Value trends report.  How do the National Association of Realtors and Remodeling Magazine get the information?

Construction cost estimates are generated by HomeTech Information Systems (www.hometechonline.com) of Bethesda, Md., which takes into account construction commodity data and labor cost information from a nationwide network of remodeling contractors. The company prepares a detailed construction estimate for each project and then adjusts this baseline cost for each city to account for regional pricing variations. However, project costs are based on estimates for hypothetical projects, with no reliable way to accommodate local and short-term fluctuations in supply and demand. Resale value data for each project are aggregated from estimates provided by REALTORS®. E-mail surveys were sent to some 150,000 appraisers, sales agents, and brokers in the summer of 2010, and more than 3,000 participated. Respondents were instructed not to make judgments about the motivation of the home owner in  the decision to undertake the remodeling project or to sell the house.

Using the Data

The Cost vs. Value Report provides an accurate snapshot of the national housing market, but it can’t be applied accurately to an individual remodeling project for a particular address. Resale value is one factor among many that a home owner must take into account when making the decision to remodel. Although the costs used in the report are based on itemized estimates, the projects are hypothetical. When comparing the data to actual remodeling costs in your area, small differences in the scope of a project or quality of finishes and accessories can dramatically affect the price.

Cost v. Value Report 2011-2012

Foreclosure and Short Sale Activities in Northeast Florida - Market Statistics

Are you interested in the activity and impact of foreclosures and short sales in Northeast Florida?  Below you will find interesting information regarding the volume of foreclosures and short sales, and its impact and correlation to the overall real estate market in Northeast Florida.

Dec 2011      Short Sale and Foreclosure Report

Nov 2011      Short Sale and Foreclosure Report

Oct 2011      Short Sale and Foreclosure Report

Sept 2011    Short Sale and Foreclosure Report

Aug 2011     Short Sale and Foreclosure Report

July 2011     Short Sale and Foreclosure Report

How Fast is the Inventory Being Absorbed?  What are the Odds of Selling in the Next 6 Months?

It is a rare occasion that a house for sale has no competition - but as a seller, do you know statistically what your odds are in selling?  Take a look at the most recent Market Absorption data for some surprising details.

May 2011 Market Absorption Report

 All market data compiled and/or supplied by the Northeast Florida Association of Realtors, Jacksonville, Florida.