APRIL 25 TO MAY 1, 2024 | JAXDAILYRECORD.COM
BUSINESS & LEGAL NEWS IN BAKER, CLAY, DUVAL, NASSAU AND ST. JOHNS COUNTIES
HOME SALES STAY HOT IN NORTHEAST FLORIDA
INSIDE
REDEVELOPMENT
Soccer club looking at Regency for stadium site
The Increase in singlefamily home prices from March 2023, according to NEFAR
$260,000
There were 1,120 single-family building permits issued in March, according to the Northeast Florida Builders Association, a jump from 873 last year.
$249,900
28.3%
$297,500
Increase in singlefamily home building permits over 2023
$389,000
The median price for a single-family home has been on the increase in Northeast Florida.
$365,000
MARCH HIGH
$373,990
6.6%
PAGE 4
THE MATHIS REPORT
Outdoor gear manufacturer GORUCK is expanding PAGE 12
Buyers and sellers are becoming more active entering the summer buying season. BY DAN MACDONALD STAFF WRITER
R
esidential home sales data for the first quarter show optimism for both buyers and sellers. Home prices are up. Inventory is up. Days on the market are up, providing more choice for buyers. Building permits are ahead of this time last year. Buyers are accepting that the days of 3% and 4% fixed-rate 30-year mortgages are over and
aren’t returning. New home construction is bolstered by builders offering to buy down interest rates. These are the factors that lead to optimism by leaders of the Northeast Florida Builders Association and the Northeast Florida Association of Realtors. “January started out a little slow. But it picked up in February and greatly picked up in March. Indicators are that it will turn out to be a good April as well,” said Rory Dubin,
Increase in home prices since March 2019
55.7%
DEVELOPMENT
Costco wants to add a gas station
2019 2020 2021 2022 2023 2024
SEE HOME SALES, PAGE 10
The membership club wants to add 12 fuel pumps with 24 fueling stations, a fuel kiosk enclosure, curbing and landscape islands to its store at Town Center. PAGE 3 GOVERNMENT
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WHAT’S TRENDING
EggBoy opens in Atlantic Beach It is the first location for the fast-casual restaurant, which specializes in breakfast sandwiches. PAGE 2
St. Johns agrees to buy WGV land The property is owned by World Golf Village Foundation Inc. around the closed World Golf Hall of Fame building in St. Johns County. PAGE 7
VOLUME 111, NO. 24 | TWO SECTIONS | PUBLISHED SINCE 1912