By Staff
The final 2013 sales report shows that the year finished strong with a 21.7 percent increase in closed sales over 2012.
Numbers were up throughout the report, which was issued by NEFAR. The December report also reflected an increase in the market over 2012.
Here are some of the facts and figures for 2013:
• Inventory of for sale properties continued to drop, decreasing 7.9 percent from 9,515 at the end of 2012 to 8,767 at the end of 2013.
• Closed sales in 2013 reached 21,883; a 21.7 percent increase over the 17,974 sales in 2012.
• The median sales price for the year came in at $153,400; 15.3 percent more than the 2012 median of $133,000.
• Homes changed hands quickly during 2013, averaging just 88 days on market. That’s a 20.7 percent reduction from 111 days in 2012.
• Single-family detached homes sold in an average of 89 days while condos and townhomes sold in an average of 80 days.
• The five areas that experienced the greatest upticks in median sales price from 2012 to 2013 were St. Johns County Southwest (61.3 percent), Atlantic Beach (21.7 percent), Springfield/Downtown/Paxon/Trout River South (21.4 percent), Arlington/Fort Caroline (20.3 percent) and Riverside/Avondale/Ortega (17.5 percent).
Highlights from the December report:
• There were 1,840 closed sales; a 7.7 percent increase over December 2012.
• Pending sales topped out at 1,799; a 26 percent increase over December 2012.
• 2,080 new listings hit the market; 26.1 more than the prior December.
• Sellers on average received 92.9 percent of their original list price
• There were 13.5 percent of properties that sold for more than the list price.
• Inventory continued to decline, dropping 7.9 percent from a year ago to reach 8,767 properties.
• The share of sales activity that was due to lender-mediated properties was 36.2 percent; down from 42.7 a year ago.