RIVERSIDE-AVONDALE

REAL ESTATE REPORT

Houses, Condominiums and Rentals
First Quarter 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Riverside-Avondale Real Estate Report
Compiled by Jean Tanler, Realtor
Florida Homes Realty & Mortgage
First Quarter 2019 Overview and Summary

Houses
With an average price of $306,746, sales of single-family homes in Riverside and Avondale continued to cool during the 1st Quarter of 2019. Sales prices
were 2.1% lower than last quarter and 6.8% lower than the year before. However, prices were 17.2% higher than in 2015. In comparison, prices in Duval
rose 4.8% since last quarter to $240,293. On average, homes were on the market for 79 days and the absorption rate jumped to 7.4, indicating the further
loosening of inventory and a move towards more of a buyer’s market.
Condominiums
During the 1st Quarter, 14 condos were sold. The average sales price was $224,043, a 14.8% decrease since the previous quarter and 15.1%lower than last
year. The average days on market was 39 days. Over 35% of the condos sold were on the waterfront. A 3 bed, 2 bath 1,822 square foot condo at Beau
Rivage topped the list with a sales price of $387,000. Over 78% of buyers used conventional financing, far more than previous quarters.

Rentals
Since last quarter, rents in the Riverside-Avondale neighborhood increased 4.4% to $1,219 and were11.5% higher than in 2015. The total number of units
rented increased 4.5% to 115. In the 1st Quarter of 2019, the average rent for a 1-BR apartment was $858/month. Rents for 2-BR’s were $1,265 and rents
for 3-BR’s were $1,744. 4-BR plus homes, on average, rented for $1,956/month.

Please Note: Owing to the built-in lag between when closings occur and when they appear on the Rolling Sales Update the prior quarter’s results are always revised to
reflect closings that did not appear when last quarter’s report was originally compiled. Final data usually appear one to two months after the close of the quarter, so
closings that take place late in the last month of each quarter will not appear until the subsequent report is issued.

Disclaimers: This report covers the Northeast Florida MLS 031-RIVERSIDE and 032-AVONDALE areas and its Historic District. Riverside was added to the National
Register of Historic Places in 1985 followed by Avondale in 1989. Data is sourced from the Northeast Florida MLS.

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Single-Family Houses – Number of Sales 1Q19

120

100
96 94
80
76
72
60
54
40

20

0
1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Single-Family Houses – 5-Year Sales Trend

450
407
400
360 361
343
350

300

250

200

150

100
54
50

0
2015 2016 2017 2018 2019 YTD

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Single-Family Houses – Sales Volume 1Q19

$35,000,000
$32,541,850

$30,000,000 $29,342,558

$25,000,000 $23,694,150 $23,800,694

$20,000,000
$16,564,265
$15,000,000

$10,000,000

$5,000,000

$0
1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Single-Family Houses – Avg Sales Price 1Q19
$350,000
$342,546
$340,000

$329,085
$330,000

$320,000
$312,155 $313,167
$310,000 $306,746

$300,000

$290,000

$280,000
1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Single-Family Houses – Avg Sales Price 5-Year Trend

$340,000
$323,356
$320,000
$306,746

$300,000 $295,604

$281,204
$280,000
$261,818
$260,000

$240,000

$220,000

$200,000
2015 2016 2017 2018 2019 YTD

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Single-Family Houses – Historic District vs. Outside District Sales Price
$400,000
$360,002
$350,000 $339,045
$323,868
$298,874
$300,000 $288,186
$268,252 $259,764
$252,015
$250,000 $232,894

$200,000 $179,074

$150,000

$100,000

$50,000

$0
2015 2016 2017 2018 2019 YTD
HD OHD

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Condos – Number of Sales 1Q19
16

14
14
13
12
12

10
9 9

1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Condos– 5-Year Sales Trend

80
71
70

60
54
50 48
43
40

30

20
14
10

0
2015 2016 2017 2018 YTD 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Condos – Sales Volume 5-Year Trend
$25,000,000
$22,427,617

$20,000,000

$16,211,000
$14,728,514
$15,000,000
$12,772,400

$10,000,000

$5,000,000
$3,136,600

$0
2015 2016 2017 2018 YTD 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Condos – Avg Sales Price 5-Year Trend

$360,000
$337,729
$340,000
$315,882
$320,000
$297,033
$300,000

$280,000 $272,750

$260,000

$240,000
$224,043
$220,000

$200,000
2015 2016 2017 2018 2019 YTD

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Condos – Historic District vs. Outside District Sales Price
$450,000
$391,889
$400,000
$351,031
$350,000 $325,934 $332,789
$301,859
$300,000 $282,991
$261,052 $257,171
$248,923
$250,000

$200,000 $190,914

$150,000

$100,000

$50,000

$0
2015 2016 2017 2018 2019 YTD
HD OHD

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Rentals – Number Rented 1Q19

120
118

115
115 114

110
110

105
102

100

95

90
1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Rentals – 5-Year Rental Trend

500 471
451 448
450 433

400

350

300

250

200

150
115
100

50

0
2015 2016 2017 2018 2019 YTD

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Rentals – Avg Rent 1Q19

$1,260
$1,240
$1,240
$1,219
$1,220
$1,200
$1,200 $1,193

$1,180
$1,156
$1,160

$1,140

$1,120

$1,100
1Q 2018 2Q 2018 3Q 2018 4Q 2018 1Q 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Rentals – Avg Rent 5-Year Trend

$1,250
$1,219
$1,198
$1,200

$1,156
$1,150

$1,100 $1,093
$1,077

$1,050

$1,000
2015 2016 2017 2018 YTD 2019

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/
 Rentals – Avg Rent 5-Year Trend

2015 2016 2017 2018 YTD 2019

Studio $569 $619 $670 $679 $958

1-BR $739 $769 $820 $868 $858

2-BR $1,131 $1,120 $1,220 $1,223 $1,265

3-BR $1,371 $1,413 $1,556 $1,533 $1,744

4-BR plus $2,265 $2,225 $2,295 $2,119 $1,956

Copyright 2019 Jean Tanler

Any reproduction or use of this report must be approved, in advance, by its author
jeantanler@gmail.com http://www.myfhrm.com/