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Metropolitan Market Success – Demand Outpacing Supply in Key Areas

June 5th, 2015 · Leave a Comment

1903_Woodmere

1903 Woodmere Drive, Jacksonville

The neighborhoods of Avondale, Ortega, Riverside and San Marco are some of the most popular areas to live in Northeast Florida. Majestic moss-draped oaks, turn of the century architecture and the beautiful St. Johns River complement these charming neighborhoods that exude history, culture, character and community.

“These historically rich neighborhoods are close to downtown and offer a wide range of homes and condominiums within walking distance of parks, shopping, dining and entertainment,” said Berkshire Hathaway HomeServices Florida Network Realty Founder, President and CEO Linda Sherrer. “From picturesque bungalows to magnificent estates to new condominiums, these neighborhoods offer great appeal to single professionals and families alike.”

1359 S  Edgewood Ave

1359 Edgewood Ave. S., Jacksonville

The demand for homes in these neighborhoods is strong. As reported by the Northeast Florida Multiple Listing Service (MLS), new listings in the Riverside/Avondale/Ortega region increased five percent in January through April 2015 over the same period in 2014. The most dramatic increase is seen in properties priced from $100,000 to $300,000, which has shown a 16 percent increase in sales over the previous year.

The news is even better for Berkshire Hathaway HomeServices Florida Network Realty’s Metropolitan offices, located in Avondale and San Marco, which are outpacing the market by nearly 30 percent. The offices’ sales volume is up 26 percent over the first four months of 2015 and is 39 percent higher in units sold over the same time period in 2014.

“Our agents working with both buyers and sellers are seeing a significant increase in multiple offers in every price category,” said Sheron Willson, Broker/Manager of Berkshire Hathaway HomeServices Metropolitan offices. “Today’s properties that are positioned properly in the marketplace sell within 90 days.”

2761+Herschel+St

2761 Herschel St., Jacksonville

Located in the Shoppes of Avondale and in San Marco Square, the award-winning Metropolitan offices are home to the area’s most successful Realtors. The offices have ranked for five consecutive years nationally among the network’s top-producing offices in the Southeast Region. Locally, they have earned accolades including 2014 Top Company Office awards in numerous categories including tops in listings, sales, transactions and production. Members of the offices are well known for their support and participation in charitable events and organizations in their community.

“Our award-winning agents in our Avondale/San Marco offices have played an integral part in helping our company be the Northeast Florida market leader,” said Berkshire Hathaway HomeServices Florida Network Realty Broker/Executive Vice President Christy Budnick. “I encourage everyone interested in First Coast metropolitan-style living to contact one of our experienced agents.”

Connect with the best by visiting www.FloridaNetworkRealty.com.

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