2490 Monument Road | Jacksonville, FL 32225
REAL ESTATE MARKET REPORT APRIL 2021
COLLEEN BORDING 904.607.4401 REALTOR® & Neighbor CBording@WatsonRealtyCorp.com www.ColleenBording.com
LAURA ROSENER 904.403.7941 REALTOR® & Neighbor LauraRosener@WatsonRealtyCorp.com www.LauraRosener.com
Get Current Listings, Market Activity, Home Assessments, and more instantly at www.HiddenHillsCCLifestyle.com
W H Y E X P ERTS B E L I E VE WE A RE N O T F A CI N G A
Real Estate
With home prices increasing, interest rates remaining at record lows, and demand skyrocketing, the same question seems to be on everyone’s mind; are we in a real estate bubble? Experts and Realtors agree the answer is no.
BUBBLE
BETTER REGULATIONS ON LOANS
NEXT GENERATION INFLUENCE
SUPPLY IS STILL MUCH LOWER THAN DEMAND
Unlike the Great Recession’s collapse, home loans are no longer funded via low-doc / no-doc loans by borrowers lacking qualifications.
Over 50% of young adults live with their parents. It’s only a matter of time before these individuals are looking for their first home.
Lack of supply has been a factor for over a decade and has increased in the last year, creating massive shortages and dramatically increasing pricing.
EQUITY IS GROWING QUICKLY
BUILDERS CAN’T KEEP UP
PERMANENTLY WORKING FROM HOME
2020 saw an increase of 11%, and this year is on track for another 6% growth. People can sell or refinance and banks still come out ahead.
Some home builders have reported a ten-month waiting ti m e f o r c o n s t r u c t i o n , wh i l e others are using a lottery system.
COVID-19 has shown that many jobs can be performed remotely, so buyers are moving to areas that better suit their lifestyles.
When a bubble pops, nothing remains – this is opposite of the current market. Demand is fueling the increase in pricing, rather than low-qualified buyers obtaining loans.
HOMEOWNERS, With such a unique market, it’s important to work with a Realtor who understands not only the current market trends, but your community as well. Let us go to work for you and help achieve your real estate goals. Call us today at 904.607.4401 or 904.403.7941 for a free consultation!
HIDDEN HILLS
COUNTRY CLUB ESTATES www.HiddenHillsCCLifestyle.com
PREPARED ESPECIALLY FOR
Homeowners PRESENTED BY
Colleen Bording and Laura Rosener Your Neighbors and Hidden Hills Real Estate Specialists
HIDDEN HILLS
Dedicated to being the best for you.
C O U N T RY C L U B E S TA T E S • M A R K E T A C T I V I T Y
COLLEEN BORDING 904.607.4401 REALTOR® & Neighbor CBording@WatsonRealtyCorp.com www.ColleenBording.com
2
LAURA ROSENER 904.403.7941 REALTOR® & Neighbor LauraRosener@WatsonRealtyCorp.com www.LauraRosener.com
HIDDEN HILLS ACTIVITY
HOMES FOR SALE
Active
Under Contract
5
$489,900 - $519,900 ACTIVE HOMES LIST PRICE RANGE
Sold
HOMES CURRENTLY UNDER CONTRACT
21
HOMES SOLD IN THE LAST 12 MONTHS
Homeowners,
With only two active listings, your property is in high demand! If you would like to know the current value of your home in today’s market, contact us at 904.607.4401 or 904.403.7941 and visit www.HiddenHillsCCLifestyle.com for a free market analysis of your home.
HOMES SOLD IN THE LAST 12 MONTHS ADDRESS
A visual representation of the MLS data on the right.
© Google 2021
EXPERT MARKETING AND NEGOTIATION Success in Hidden Hills by Colleen and Laura
12745 Muirfield Boulevard S Golf Course Location
UNDER CONTRACT!
Let us help you achieve the same exceptional results with your real estate goals. Call us today!
BEDS
BATHS
EST. SQ. FT.
LIST PRICE
SOLD PRICE
SOLD DATE
SP PER SQ. FT.
12868 Isleworth Drive
4
4
3,530
$495,900
$450,000
03/19/21
$127
12891 Dunes Lake Terrace
5
5
3,860
$510,000
$475,000
03/19/21
$123
12527 Mission Hills Circle S
4
3
2,599
$489,900
$489,900
02/11/21
$188
12887 La Costa Court
5
4
3,172
$445,900
$445,900
01/22/21
$141
3054 Southern Hills Circle W
4
3
2,900
$429,900
$425,000
12/18/20
$147
12514 Turnberry Drive
5
4
3,072
$535,000
$527,000
12/10/20
$172
4012 Turnberry Court
4
4
3,390
$540,000
$540,000
12/07/20
$159
3946 Muirfield Boulevard E
4
4
3,157
$519,000
$503,000
11/20/20
$159
12749 Muirfield Boulevard N
3
3
2,515
$394,999
$372,500
11/12/20
$148
12729 Muirfield Boulevard S
4
3
2,904
$435,000
$415,000
11/03/20
$143
12763 Shinnecock Way
4
3
3,055
$469,500
$469,500
09/22/20
$154
12525 Mission Hills Drive S
3
4
3,324
$489,000
$465,000
09/21/20
$140
12654 Mission Hills Circle S
4
3
2,825
$565,000
$540,000
09/04/20
$191
12885 Jupiter Hills Circle N
4
2
2,266
$370,000
$352,700
08/31/20
$156
12540 Mission Hills Circle N
4
3
2,650
$410,000
$390,000
08/21/20
$147
12563 Mission Hills Circle N
4
4
2,962
$474,397
$474,397
07/10/20
$160
12465 Old Warson Court
4
3
2,752
$439,500
$435,000
05/28/20
$158
12628 Shinnecock Way
3
3
2,617
$394,900
$390,000
05/20/20
$149
12551 Mission Hills Circle S
4
3
2,836
$499,900
$465,000
05/04/20
$164
12872 Southern Hills Circle E
4
3
2,720
$465,000
$455,500
05/01/20
$167
12537 Highview Drive
5
4
3,351
$459,900
$459,900
03/30/20
$137
Laura Rosener, Colleen Bording, and Watson Realty Group are not in any way affiliated with Hidden Hills Home Owners Association, nor is this in any way an official advertisement or publication of Hidden Hills. ©2021 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the NEFMLS from March 24th, 2020 through March 24th, 2021. Listings and sales may not be those of Watson Realty Group. The NEFMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.
Published by REAL Marketing (REM) | www.REALMarketing4You.com | 858.952.4280 | ©2021