by Gwinn Volen

LOCAL STATS

Q3 stats indicate the Jacksonville real estate market is relatively flat. Sales prices were up 1.5% from Q2 and flat (0.0%) from Q3 2022. Closed sales are down -13.7% from Q2 and -9% from Q3 2022. Days on the Market is up 6.7% from Q2 and 14.3% from Q3 2022 as buyers stand on the sidelines watching mortgage rates and the economy.

If we look at the beach market only (Atlantic Beach, Neptune Beach, Jax Beach, and Ponte Vedra Beach) sales prices are down -2.6% from Q2 and -1.3% from Q3 2022 with closed sales down -16.7% from Q2 but up 12.4% from Q3 2022.

Nocatee sales prices are up 2.8% from Q2 and 3.2% from Q3 2022 with closed sales down -3.7% from Q2 and -9.9% from Q3 2022. If I were to speculate I would say those…

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