Northeast Florida Market Summary 3rd Quarter Report

RealtyWEB.Net, a service of the Northeast Florida Multiple Listing Service Inc., is one of the largest
multiple listing services in Northeast Florida providing services to over 5500 members for 20 years.
This quarterly report reflects strictly single family residential homes as entered and reported through
RealtyWEB.Net.

The 3rd Quarter 2014 statistical summary indicates that Northeast Florida continues to show a
positive trend towards a stronger real estate market as compared to the same time frame last year.
Inventory numbers are up while Sold transactions continue to increase. Both Average and Median
Sold Prices are on the rise as compared to 2013.

Other major indicators, such as the Absorption Rate (how long the current inventory of properties
would last at the current rate of sales) and Months of Inventory, continue to move in all the right
directions for most of the areas in the RealtyWEB.Net MLS system, again indicating a stable and
productive market.

Check out the 3rd Quarter 2014 Market Watch Report for a complete breakdown of Northeast Florida counties.

A message from Charles Kassaw, 2014 NEFMLS President - Working Together.& Working Safer

Charles Kassaw 2014 NEFMLS President

Working Together & Working Safer

Several issues that have popped up again in recent months include Signage, REALTOR safety, and violations of the Code of Ethics.  We want to take this opportunity to remind everyone of how important it is in our industry to do what's best for our buyers and sellers, be professional with each other, and follow safety precautions.

"Coming Soon" or "pre-marketing" seems to be all the rage. However, there are several downside effects of keeping your seller’s listing out of the MLS that you may not have thought about.

Watch a video regarding this topic from Florida Realtors lawyer, Margy Grant.  

Another area of recent concern involves violations of the Realtors® Code of Ethics. While not common, some portions of the Code are often misunderstood or easy to forget. Here’s an article from Florida Realtor Magazine, February 2007 | by Kristy L. Harrington | page 30 that you will still find relevant today.http://www.floridarealtors.org/FLRealtorMagazine/2007/February/Yikes0207.cfm

Lastly, we want each and every one of you to be safe out there. We have also read lately about some appalling and disgusting incidents regarding REALTOR Safety but it’s not only about REALTOR Safety, your sellers and buyers need to think about it too. Here is a great article reviewing seller and buyer safety.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=313739

As we enter the last quarter of the year, let’s all be safe, ethical and productive real estate professionals.

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New Service - RatePlug

New Service - RatePlug

RatePlug is a free automated marketing system that allows Brokers/Agents to display their affiliated or selected lenders mortgage payment information within each listing.

RatePlug will be incorporated directly into the Flexmls reports and system to create an invaluable tool for you and your buyers.

Home buyers can create different mortgage scenarios to find the mortgage programs that best fits their home buying needs.  

• Agents using RatePlug could experience a 23.71% shorter time frame from list to contract date
• 74% of home buyers use the mortgage lender that was referred by their Realtor (Realtor Magazine)                                                              
• Home buyers spend more time viewing property listings (approximately 6.5 minutes per property)
• Brokers can increase exposure to their in-house lender or partnered lenders

Tentative installation is scheduled for October 30th, but be sure to watch for further announcements.

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New Home Source Professional-New Homes & New Communities

 

Looking for new construction?
Try New Home Source

New Home Source Professional is a free service available for you to find New Communities and New Homes plus the details on each.

Designed specifically for real estate agents, New Home Source Pro has the largest collection of new homes available anywhere.

You can search and view builder's inventory directly from Flexmls.  Over 100 new communities are currently available with new added regularly.

Search by location, price, bedrooms, baths, promotions, schools and amenities.  Be sure to check "My Account" to complete your profile information and upload your photo or logo.  Send brochures to your customers and update them with e-mail alerts.

From Flexmls, go to Applications>New Home Source (NHP Pro) to start your search.  If you have questions, please contact our Technical Support at support@realtyweb.net or (904) 394-9494 x 1605.

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