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| Jacksonville, FL | DECEMBer 2023 |
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| | Best Time to Sell is Now! In the current real estate market, selling your home can present a lucrative opportunity to kickstart your journey towards achieving your 2024 goals. Several factors align to make this an advantageous time to sell. Firstly, the housing market is experiencing high demand with a limited inventory of homes for sale. This scarcity drives up property prices, often resulting in competitive bidding and faster sales. By capitalizing on this seller's market, you have the potential to maximize the value of your property and swiftly attain your financial objectives. Moreover, partnering with our team at Willie Lane Group ensures a seamless and hassle-free selling experience. From the initial consultation to the final closing, we're committed to crafting a smooth process for you. Our expertise in the real estate industry, coupled with personalized guidance, enables us to navigate the complexities of selling your home efficiently. With tailored marketing strategies and a focus on your needs, we strive to make the selling journey not just rewarding but also stress-free, allowing you to concentrate on realizing your aspirations for 2024. |
| | | Welcome to Compass Curated, a collection of our most prestigious properties across the country, delivered to your inbox each month. |
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| | | | With a blink of an eye December has arrived. November stats are out and the stats are showing some very interesting insights into our local real estate market. In Duval County, Median Sales Price has increased. Prices are continuing a slight upward trend up 5% from October as interest rates have come down by roughly a whole point! Pending and Closed Sales are DOWN up to 20%! New listings have fallen by 1.5% since October with Active Listings increasing by 13%, meaning contracts have fall through and homes were put back on the market. This pace of sales now puts our months of supply of inventory at 3.9 nearing more of a balanced Buyer/Seller market. These new stats from November are quite interesting as we see an uptick in prices but a significant decline in Sales. Most in the industry are projecting prices to continue to stay strong while also predicting The FED to begin lowering interest rates in the Spring or Summer of 2024. However, it’s hard to look at these stats and not wonder how prices can hold steady or continue to rise while Sales are significantly declining. In my opinion, this is not sustainable and something has to give… FED lowering interest rates, jobs/wages increase, inflation continuing to lower along with a healthy economy… or prices will have to give. What will it be? (Hint: Likely rates but time will tell). There’s an opportunity in this market for everyone so make sure YOU are talking with your local expert on how to take advantage now. |
| | | | | | The 30-year fixed-rate mortgage averaged near 7 percent this week, down from nearly 7.80 percent just six weeks ago. When rates began to rapidly drop, purchase applications rebounded initially, but this improvement in demand diminished in the last week. Although these lower rates remain a welcome relief, it is clear they will have to further drop to more consistently reinvigorate demand. For more info click HERE! Rates have dropped under 7% since the time of this Freddie Mac writing. Make sure you speak with your local real estate agent and mortgage lender now! |
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| | Featured Listings & Sales |
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| | | Our incredible beach bungalow listing is back on the market because of a sudden change in the buyer's living situation. Appraisal value is more than $1,300,000. Contact us for more details on sales comps, opportunities with the property, details on inspections, etc. |
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| | | 3464 Cullendon Lane | SOLD! |
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| | I currently have three pocket listings, so stay tuned for more updates. Waterfront 3/2 with 2,000+ SQF Updated pool Covered boat dock
Single family home Prime location
If you or someone you know is seeking any of these home types, feel free to contact me. |
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| | | December 14th is one of the most special days of the year. Wishing my wife Marion the most Happiest Birthday! Wesley, Ellie, Ethan and I love you so much! We should celebrate you everyday for everything you do for us but on this day we hope you feel the tremendous love we have for you! Congratulations to my brother Charlie and Taylor!! My nephew Archie Elliott Lane was born November 17th, 2023. So happy and proud of you both and can't wait to spend more and more time with him! Elf on the shelf has come to visit this year. In spite of my reluctancy, we have an elf. However, the kids do love it and we are making sure the elf, named Sneaky, is staying in-line and not causing much of a mess LOL. Wishing you a Merry Christmas from our family to yours! May your holiday season be filled with joy spent alongside your friends and family. Here's to a Happy New Year! See you in 2024! |
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. |
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