Duval County and Clay County Florida Real Estate Topics
Orange Park Trends in 2015
January 26th, 2016 11:34 AM
A recent post illustrated how sale prices were mostly flat in Fleming Island in 2015. A study using non-distressed MLS sales in Orange Park revealed a similar pattern. Nearly 1,300 closed sales in Orange Park are shown on the scatter chart below and the median sale price for the sample was $170,000 and median living area was 1,868 square feet (SF). The median age of the sample was 15 years and the median days on market (DOM) was 48.
Nearly 50% (46.5%) of the sales were in the Oakleaf Plantation area (MLS 139), where the median sale price was $214,600, median size 2,206 SF, median age two years, median DOM 67. This market segment was mostly driven by new construction as Oakleaf Plantation continues to develop.
The median sale price for the rest of Orange Park (excluding MLS 139) was $147,500, median size 1,716 SF, median age 32 years, and DOM 41. Overall, the trend line for this market segment was only slightly improved in 2015.
The number of sales was strong in 2015 and demand seems to remain high. Interest rates remain low, but the Federal Reserve (FED's) is indicating plans for 3-4 rate hikes in 2016. Economic conditions could slow the FED'S 2016 plans, resulting in continued low mortgage rates.
Posted in:
Real Estate Trends
and tagged:
Real Estate
Trends
Orange Park
Florida
Scott Austin
Posted by Scott Austin on January 26th, 2016 11:34 AM
Post a Comment
Subscribe to this blog
Leave a Comment
*
Name:
*
Email Address:
URL:
Comment:
Address:
City:
State:
Characters from the image above:
Subscribe To My Blog
*
Name:
*
Email Address:
Address:
City:
State:
Zip:
Characters from the image above:
Recent Posts:
First Six Months 2016-Fleming Island
Orange Park Trends in 2015
Fleming Island Trends in 2015
Fleming Island Florida Real Estate Trends
You Never Know What You Will See In This Business
Memorial Day
Eagle Harbor Dominates Fleming Island Sales
Real Estate Trends in Fleming Island Florida
East West Seeking Zoning Change To Add More Residences
Detached Home Trends in Fleming Island Plantation
Archives:
April 2014
Measuring Market Trends
Spring is in the air
April 2014 (2)
Categories:
General (9)
Real Estate Trends (2)
Sale Trends (1)
My Favorite Blogs:
Sites That Link to This Blog: