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FL Avg Real Estate Commission Rate in Jacksonville, Florida

Jacksonville is the most populous city in the U.S. state of Florida and the largest city by area in the contiguous United States. It is the seat of Duval County, with which the city government consolidated in 1968. Consolidation gave Jacksonville its great size and placed most of its metropolitan population within the city limits. With an estimated population of 907,529 as of 2017, Jacksonville is also the most populous city in the southeastern United States. The Jacksonville metropolitan area has a population of 1,626,611 and is the fourth largest in Florida.

Jacksonville is centered on the banks of the St. Johns River in the First Coast region of northeast Florida, about 25 miles (40 km) south of the Georgia state line and 340 miles (550 km) north of Miami. The Jacksonville Beaches communities are along the adjacent Atlantic coast. The area was originally inhabited by the Timucua people, and in 1564 was the site of the French colony of Fort Caroline, one of the earliest European settlements in what is now the continental United States. Under British rule, settlement grew at the narrow point in the river where cattle crossed, known as Wacca Pilatka to the Seminole and the Cow Ford to the British. A platted town was established there in 1822, a year after the United States gained Florida from Spain; it was named after Andrew Jackson, the first military governor of the Florida Territory and seventh President of the United States.

Harbor improvements since the late 19th century have made Jacksonville a major military and civilian deep-water port. Its riverine location facilitates Naval Station Mayport, Naval Air Station Jacksonville, the U.S. Marine Corps Blount Island Command, and the Port of Jacksonville, Florida's third largest seaport. Jacksonville's military bases and the nearby Naval Submarine Base Kings Bay form the third largest military presence in the United States. Significant factors in the local economy include services such as banking, insurance, healthcare and logistics. As with much of Florida, tourism is also important to the Jacksonville area, particularly tourism related to golf. People from Jacksonville may be called "Jacksonvillians" or "Jaxsons" (also spelled "Jaxons").

 

Jacksonville, Florida Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Jacksonville, Florida. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Jacksonville, Florida you will find the following real estate commissions charged*:

Typical Asking Commission: 6.00%

Competitive Commission: 5.0%-5.9%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Florida, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Naples-Immokalee-Marco Island $429,900 8.80%
Cape Coral-Fort Myers $240,000 6.70%
Punta Gorda $210,500 11.20%
North Port-Sarasota-Bradenton $273,600 5.60%
Tampa-St. Petersburg-Clearwater $225,000 9.80%
Lakeland-Winter Haven $180,900 8.30%
Orlando-Kissimmee-Sanford $247,900 7.80%
Miami-Fort Lauderdale-West Palm Beach $340,000 7.90%
Port St. Lucie $229,900 12.10%
Sebastian-Vero Beach $230,000 15.00%
Palm Bay-Melbourne-Titusville $220,000 11.70%
Deltona-Daytona Beach-Ormond Beach $195,000 11.40%
Ocala $150,000 11.10%
Gainsville $214,600 11.00%
Jacksonville $232,000 5.90%
Tallahassee $207,000 6.80%
Panama City $210,000 7.70%
Crestview-Fort Walton Beach-Destin $269,900 6.10%
Pensacola-Ferry Pass-Brent $192,300 11.80%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Florida.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

Jacksonville is the most populous city in Florida, and the twelfth most populous city in the United States. As of 2010, there were 821,784 people and 366,273 households in the city. Jacksonville has the country's tenth-largest Arab population, with a total population of 5,751 according to the 2000 United States Census. Jacksonville has Florida's largest Filipino American community, with 25,033 in the metropolitan area as of the 2010 Census. Much of Jacksonville's Filipino community served in or has ties to the United States Navy.

As of 2010, those of Hispanic or Latino ancestry accounted for 7.7% of Jacksonville's population. Out of the 7.7%, 2.6% Puerto Rican, 1.7% Mexican, and 0.9% were Cuban.

As of 2010, those of African ancestry accounted for 30.7% of Jacksonville's population, which includes African Americans. Out of the 30.7%, 1.8% were Sub-Saharan Africa, 1.4% were West Indian or Afro-Caribbean American (0.5% Haitian, 0.4% Jamaican, 0.1% Other or Unspecified West Indian, 0.1% Bahamian, 0.1% Barbadian), and 0.6% were Black Hispanics.

As of 2010, those of (non-Hispanic white) European ancestry accounted for 55.1% of Jacksonville's population. Out of the 55.1%, 10.4% were German, 10.2% Irish, 8.8% English, 3.9% Italian, 2.2% French, 2.0% Scottish, 2.0% Scotch-Irish, 1.7% Polish, 1.1% Dutch, 0.6% Russian, 0.5% Norwegian, 0.5% Swedish, 0.5% Welsh, and 0.5% were French Canadian.

As of 2010, those of Asian ancestry accounted for 4.3% of Jacksonville's population. Out of the 4.3%, 1.8% Filipino, 0.9% were Indian, 0.6% Other Asian, 0.5% Vietnamese, 0.3% Chinese, 0.2% Korean, and 0.1% were Japanese.

In 2010, 6.7% of the population considered themselves to be of only American ancestry (regardless of race or ethnicity.) And 0.9% were of Arab ancestry, as of 2010.

As of 2010, there were 366,273 households out of which 11.8% were vacant. 23.9% of households had children under the age of 18 living with them, 43.8% were married couples, 15.2% had a female householder with no husband present, and 36.4% were non-families. 29.7% of all households were made up of individuals and 7.9% had someone living alone who was 65 years of age or older. The average household size was 2.55 and the average family size was 3.21. In the city, the population was spread out with 23.9% under the age of 18, 10.5% from 18 to 24, 28.5% from 25 to 44, 26.2% from 45 to 64, and 10.9% who were 65 years of age or older. The median age was 35.5 years. For every 100 females there were 94.1 males. For every 100 females age 18 and over, there were 91.3 males.

In 2010, the median income for a household in the county was $48,829, and the median income for a family was $59,272. Males had a median income of $42,485 versus $34,209 for females. The per capita income for the county was $25,227. About 10.5% of families and 14.3% of the population were below the poverty line, including 20.4% of those under age 18 and 9.9% of those aged 65 or over.

In 2010, 9.2% of the county's population was foreign born, with 49.6% being naturalized American citizens. Of foreign born residents, 38.0% were born in Latin America, 35.7% born in Asia, 17.9% were born in Europe, 5.9% born in Africa, 1.9% in North America, and 0.5% were born in Oceania.

As of 2010, 87.1% of Jacksonville's population age five and over spoke only English at home while 5.8% of the population spoke Spanish at home. About 3.3% spoke other Indo-European languages at home. About 2.9% spoke Asian languages or Pacific Islander languages/Oceanic languages at home. The remaining 0.9% of the population spoke other languages at home. In total, 12.9% spoke another language other than English.

As of 2000, speakers of English as a first language accounted for 90.60% of all residents, while those who spoke Spanish made up 4.13%, Tagalog 1.00%, French 0.47%, Arabic 0.44%, German 0.43%, Vietnamese at 0.31%, Russian was 0.21% and Italian made up 0.17% of the population.

 

ECONOMY:

Jacksonville's location on the St. Johns River and the Atlantic Ocean proved providential in the growth of the city and its industry. Jacksonville has a sizable deepwater port, which helps make it a leading port in the U.S. for automobile imports, as well as the leading transportation and distribution hub in the state. However, the strength of the city's economy lies in its broad diversification. While the area once had many thriving dairies such as Gustafson's Farm and Skinner Dairy, this aspect of the economy has declined over time. The area's economy is balanced among distribution, financial services, biomedical technology, consumer goods, information services, manufacturing, insurance and other industries.

Jacksonville is home to many prominent corporations and organizations, including the headquarters of four Fortune 500 companies: CSX Corporation, Fidelity National Financial, Fidelity National Information Services and Southeastern Grocers. Interline Brands is based in Jacksonville and is currently owned by The Home Depot. The Florida East Coast Railway, Swisher International, Inc., and the large short line railroad holding company RailAmerica are also based in Jacksonville.

In 2008, Jacksonville had approximately 2.8 million visitors who stayed overnight, spending nearly $1 billion. Research Data Services of Tampa was commissioned to undertake the study, which quantified the importance of tourism. The total economic impact was $1.6 billion and supported nearly 43,000 jobs, 10% of the local workforce.

*Data provided by Bankrate.com - Real Estate and Wikipedia - Jacksonville - Florida