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As November ushers in the season of gratitude, it’s the perfect time to reflect on finding a home that truly feels like your own. The market may be cooling down, but opportunities are still heating up for both buyers and sellers ready to make a move before the year ends.
As the days grow shorter, homes take on a new kind of warmth and charm. November reveals the character of a property in a way no other season can. It's a time when neighborhoods come alive with seasonal décor, and homes feel especially inviting.
Let’s make this month the time you take the next step toward finding a place to call home—just in time for the holidays!
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The Good, The Bad, and The Ugly when Selling a Property
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There are many steps to carry out when selling a property, and some of these deal with taking a true look at the conditions of the place.
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Market Overview by Willie Lane
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October market stats are in and showing continued recent trends. Somewhat surpirsed to see a slight month over month increase in Median Sales Price considering that Pending Sales are down over 20% and yet again Closed Sales down 1.4% all while Active Inventory & New Listings continue to rise by 15-16% since Septemeber 2024 for Single Family Homes in Duval County. There has been a dip for Duval Beaches in Sales Price and a dip in New Listings while Closed Sales increased. Hard to make sense of the stats when we typically see prices decrease as new listings/inventory increase and vice versa. Rates are in the mid-to upper 6's for 30-year conventional fixed rate mortage and as inflation has held steady - the Fed likely not making future rate cuts as initially expected or hoped. We have seen and felt more activity among buyers in the market place within the last few weeks and projecting a busy winter and a strong 2025. Stay tuned for next month's updates!
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Mortgage Rates Continue to Rise
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After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers. Freddie Mac’s latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades.
-Freddie Mac
For more info click HERE
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UF Health Jacksonville Tony’s Turkey Trot 5K
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The 10th Annual Tony’s Turkey Trot 5K for Brain Injury Awareness hosted by UF Health Jacksonville will take place on Thanksgiving Day, November 28, 2024 in Atlantic Beach, FL. By participating in Tony’s Turkey Trot 5K, you advance lifesaving care during the early critical stages of the injury and support the holistic care of traumatic brain injury (TBI) survivors in our community.
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Lifestyle Tips and Tricks
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6 Dumb Things Even Smart Homeowners Do
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Homes don't come with a handbook. Maybe they should.
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Different Types of Neighbors
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And How to Handle Them...
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How Gen Z Outpaces Past Generations in the Homeownership Race
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Gen Z Has taken the lead in the homeownership race.
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Featured Listings & Sales
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1431 Riverplace Boulevard, Unit #2003 - FOR SALE!
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1 BD 1 BA 1,125 SF $375,000 - PRICE IMPROVEMENT
The owner is providing both broker compensation and seller concessions.
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115 34th Avenue South - PENDING!
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5 BD 4 BA 3,472 SF $2,550,000
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3588 Richmond Street - PENDING!
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3 BD 3 BA 4253 SF $2,100,000.
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3863 San Bernado Drive - UNDER CONTRACT!
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2 BD 2 BA 1,944 SF $379,900
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2413 Misty Water Drive East - SOLD!
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4 BD 3 BA 2,099 SF $519,000
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405 18th Street North - PENDING!
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4 BD 3 BA 2,599 SF $1,175,000
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432 Helmsman Lane - PENDING!
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3 BD 2 BA 1314 SF $725,000
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12784 Quincy Bay Drive - UNDER CONTRACT!
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4 BD 3 BA 2239 SF $570,000
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14192 Tomas Point Lane - UNDER CONTRACT
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5 BD 5 BA 4982 SF $1,799,900
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The Lane's have been busy and oh so tired! We've been working a lot as usual and every weekend is filled with either work (for Dad) or commitments for the kids whether it's birthday parties, sports, scheduled play dates, etc.
We attended a VERY special birthday party this past weekend. My handsome nephew Archie turned 1-years old! My brother Charlie and Taylor along with family and friends had a blast celebrating.
Ethan is crawling everywhere and doesn't seem far off from walking - maybe by the time he is 1!
Wesley finished his flag football season which he LOVED. Wes improved dramatically in football from the start of the season to end - playing great defense pulling flags and has some nice runs on offense. He can't wait for the new season to start. We will be awaiting the basketball season to start shortly.
Elliott got some new boots which she loves to show off. She loves to show off really anything she is wearing. She was Princess Elsa for Halloween. Very fitting. Wesley was a Pokemon and Ethan was the Hulk because he is HUGE LOL.
We celebrated my Dad's birthday on Novemeber 11th. He also served as a Lieutenant in the Navy. Happy Verteran's Day, too. He turned 29 years old.
As for the Jags - Sad sad sad. We will enjoy the rest of the Jaguars home games with zero expectations of winning again this season. On to the next.
See ya next month! Love - The Lane's
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Thank you for reading and subscribing! Are you ready to reach your next real estate goal?
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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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