My Insight Into NE FL

Atlantic Beach Market Data 9/09

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sat, 03 Oct 2009 07:49:53 -0500

Here are the September 2009 stats and August 2008 for comparison -

2009

17 Homes Sold
Lowest price: $59,900
Highest price: $845,000
Shortest Days on Market: 0
Longest Days on Market: 706

2008

7 homes sold
Lowest price: $82,500
Highest price: $890,000
Shortest Days on Market: 29
Longest Days on Market: 167

Similar to Jacksonville Beach, lots of good news to report this month. The low end prices are not drastically different year to year, although it's still a 27% decrease which is exactly what we have been seeing pretty much across the board.

The year to year homes sold increased 142% which is fabulous. The days on market has, for the most part, decreased. A word about the 706 days on market on one of those listings: agents handle their listings differently, but this clearly shows a property that started out overpriced, and attempted to chase the market. Once you are behind, the only way to get ahead is to aggressively lower your price so you are one of the top 3 priced properties in your area.

If you are ready to list your home, call me for a comparable market analysis to see what price range you should list in, and to learn more about what sets myself and Prudential Network Realty apart from the competition.

And, if you are a 1^sttime homebuyer, act now, while interest rates are below 5%, and the $8K tax credit deadline is quickly approaching.

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net

Neptune Beach Market Stats 9/09

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sat, 03 Oct 2009 07:40:56 -0500

Here are the September 2009 stats and August 2008 for comparison -

2009

3 Homes Sold
Lowest price: $175,000
Highest price: $585,000
Shortest Days on Market: 0
Longest Days on Market: 119

2008

5 homes sold
Lowest price: $225,000
Highest price: $3,300,000
Shortest Days on Market: 24
Longest Days on Market: 274

Neptune Beach is a very small market, hence, smaller numbers than the neighboring towns of Atlantic & Jacksonville Beach.

There is still good news here, even though I would have preferred to see more home sold this year over last year. For example the days on market has decreased impressively year to year, which indicates buyers are finding value and purchasing new homes.

And, if you are a 1^st time homebuyer, act now, while interest rates are below 5%, and the $8K tax credit deadline is quickly approaching.

Jacksonville Beach, FL Market Data 9/09

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sat, 03 Oct 2009 07:32:53 -0500

Here are the September 2009 stats and August 2008 for comparison -

2009

17 Homes Sold
Lowest price: $126,000
Highest price: $3,200,000
Shortest Days on Market: 0
Longest Days on Market: 704

2008

7 homes sold
Lowest price: $189,000
Highest price: $320,000
Shortest Days on Market: 50
Longest Days on Market: 174

I'm thrilled to be reporting such improvement in so all areas!

As you can see from the numbers, listings sold year to date has increased a whopping 142%, which is terrific news for both buyers and sellers. Buyers see the value in the market, and sellers have become more realistic in their list price.

The price ranges still show a decline in the market, however, without pulling more specific data, the low end range is most likely a short sale or foreclosure property. These prices do, in fact, all pricing, so they cannot simply be discounted.

If you are first time homebuyer, act now with interest rates below 5%, and the $8K tax credit deadline quickly approaching.

Jax Beaches Homes Sold Year To Date 2009

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 21 Sep 2009 17:16:18 -0500

Beaches Area 2009 statistics

Here are the August 2009 stats and August 2008 for comparison -

2009

285 Homes Sold
Lowest price: $44,900
Highest price: $3,200,000
Shortest Days on Market: 0
Longest Days on Market: 1,247

2008

228 homes sold
Lowest price: $40,000
Highest price: $4,200,000
Shortest Days on Market: 0
Longest Days on Market: 717

The number of homes sold year to year is up, 24%, which is terrific news for anyone involved in real estate, whether is it buying or selling.

The prices are not off that much from last year, in reality, and the days on market, with the exception of the property on the market for 1200 days (a number I have never seen before, personally), seem consistent.

And, if you are a first time buyer, use your $8K tax credit before it's gone!

Jax Beaches Homes Sold Year To Date 2009

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 21 Sep 2009 17:14:36 -0500

Beaches Area 2009 statistics

Here are the August 2009 stats and August 2008 for comparison -

2009

285 Homes Sold
Lowest price: $44,900
Highest price: $3,200,000
Shortest Days on Market: 0
Longest Days on Market: 1,247

2008

228 homes sold
Lowest price: $40,000
Highest price: $4,200,000
Shortest Days on Market: 0
Longest Days on Market: 717

The number of homes sold year to year is up, 24%, which is terrific news for anyone involved in real estate, whether is it buying or selling.

And, if you are a first time buyer, use your $8K tax credit before it's gone!

Jax Beaches Homes Sold Year To Date 2009

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 21 Sep 2009 17:13:30 -0500

Beaches Area 2009 statistics

Here are the August 2009 stats and August 2008 for comparison -

2009

285 Homes Sold
Lowest price: $44,900
Highest price: $3,200,000
Shortest Days on Market: 0
Longest Days on Market: 1,247

2008

228 homes sold
Lowest price: $40,000
Highest price: $4,200,000
Shortest Days on Market: 0
Longest Days on Market: 717

The number of homes sold year to year is up, 24%, which is terrific news for anyone involved in real estate, whether is it buying or selling.

And, if you are a first time buyer, use your $8K tax credit before it's gone!

Jax Beaches Homes Sold Year To Date 2009

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 21 Sep 2009 17:12:27 -0500

Beaches Area 2009 statistics

Here are the August 2009 stats and August 2008 for comparison -

2009

285 Homes Sold
Lowest price: $44,900
Highest price: $3,200,000
Shortest Days on Market: 0
Longest Days on Market: 1,247

2008

228 homes sold
Lowest price: $40,000
Highest price: $4,200,000
Shortest Days on Market: 0
Longest Days on Market: 717

The number of homes sold year to year is up, 24%, which is terrific news for anyone involved in real estate, whether is it buying or selling.

And, if you are a first time buyer, use your $8K tax credit before it's gone!

Jax Beaches Homes Sold Year To Date 2009

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 21 Sep 2009 17:10:58 -0500

Beaches Area 2009 statistics

Here are the August 2009 stats and August 2008 for comparison -

2009

285 Homes Sold
Lowest price: $44,900
Highest price: $3,200,000
Shortest Days on Market: 0
Longest Days on Market: 1,247

2008

228 homes sold
Lowest price: $40,000
Highest price: $4,200,000
Shortest Days on Market: 0
Longest Days on Market: 717

The number of homes sold year to year is up, 24%, which is terrific news for anyone involved in real estate, whether is it buying or selling.

And, if you are a first time buyer, use your $8K tax credit before it's gone!

Atlantic Beach Market Data 8/09

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Fri, 04 Sep 2009 08:30:11 -0500

Here are the August 2009 stats and August 2008 for comparison -

2009

6 Homes Sold
Lowest price: $175,000
Highest price: $475,000
Shortest Days on Market: 8
Longest Days on Market: 350

2008

13 homes sold
Lowest price: $100,000
Highest price: $459,900
Shortest Days on Market: 0
Longest Days on Market: 325

The number of homes sold year to year is flat, however, the days on market are consistent with last year, as is the pricing.

I've personally gotten two homes under contract in less than 10 days, with their contract prices being at 95-98% of list price, proof yet again that well priced, well presented properties are selling quickly.

Jacksonville Beach Market Data 8/09

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Fri, 04 Sep 2009 08:23:10 -0500

Here are the August 2009 stats and August 2008 for comparison -

2009

6 Homes Sold
Lowest price: $175,000
Highest price: $475,000
Shortest Days on Market: 8
Longest Days on Market: 350

2008

13 homes sold
Lowest price: $100,000
Highest price: $459,900
Shortest Days on Market: 0
Longest Days on Market: 325

The number of homes sold year to year is flat, however, the days on market are consistent with last year, as is the pricing.

Neptune Beach Market Data 8/09

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Fri, 04 Sep 2009 08:11:50 -0500

Here are the August 2009 stats and August 2008 for comparison -

2009

6 Homes Sold
Lowest price: $99,905
Highest price: $425,000
Shortest Days on Market: 2
Longest Days on Market: 334

2008

4 homes sold
Lowest price: $277,000
Highest price: $350,000
Shortest Days on Market: 20
Longest Days on Market: 134

The number of homes sold year to year has increased by 33%, which is right in line with the uptick in activity we are seeing in all price points.

The overall days on market have decreased; the lowest price home sold was most likely a short sale or a foreclosure which is why it moved so fast. If you are not getting showings, you are not priced correctly. It's that simple.

(Data is compiled from the Northeast Florida Association of Realtors Multiple Listing Service, and reflects Realtor sales. Sales not involving a Realtor are not included.)

Population Decline in Florida

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Fri, 04 Sep 2009 07:47:36 -0500

I have to correct the impression recently made by the media about this disastrous population decline in Florida.

True, there have been 58,000 people to leave the state. We do not know from where in the state nor do we know why, nor do we know from what type of positions. These could be people who recently moved here, say, in the past 3-4 years, and they have decided to move to the Carolinas, or "half way back" to a state they originally moved from

However, from a statistical perspective, 58,000 leaving a state population of 18,328,340 is a fairly small number - .003% to be exact.

Please do not fall into a "Chicken Little, the sky is falling" state of mind! If this trend continues, and if the numbers start becoming greater, then it is a matter Worth digging deeper into.

Until we have more data on the why, the where, and the type of position they left, or were downsized from, this is simply the media creating excitement to sell papers, and newscasts.

Under Contract in 8 Days!

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 23 Aug 2009 11:38:46 -0500

Yes, you read that correctly, I got a well-priced, well-presented listing into contract with a pre-approved, qualified 1st time buyer in 8 days.

How? Aside from market activity picking up, which we are seeing across all price points in Jacksonville, FL, my seller was HIGHLY motivated and followed my suggestions to have a pre-listing inspection as well as consult with a home stager.

I knew I would not have this listing for very long, but I was even happier to tell the seller the other offers I received were less than the offer she accepted, and that we can close by her target date of 9/30/09.

We are also down to 10 months inventory here in Jax, suggesting more market stabilization. I'm thrilled to see homes getting into contract in shorter time spans.

Here's a link to the MLS listing: http://pub.realtyweb.net/cgi-bin/mainmenu.cgi?cmd=url+other/run_public_link.html&public_link_tech_id=oua4kmm1x36&id=1&cid=1

Ready To Buy Your First Home?

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 12 Jul 2009 08:53:55 -0500

If you are ready to buy your first home in Jacksonville, FL, here is some good information about new programs available.

The Neighborhood Stabilization Program (NSP) is a city program seeking to purchase bank owned foreclosures, rehabilitate them, and then sell them at moderate prices to homeowners. This program is specifically targeting the following zip codes:

32206
32208
32209
32244
32254

The program overview is available on this website: http://www.nspjax.com/

This is a brand new program. so there will be more info posted to the website soon.

The other program you may have heard about is the Florida Homebuyer Opportunity Program. This is another city program offering downpayment assistance for first time homebuyers. There is a limited amount of funding for this program, and this program requires a Home Buyer Education session, which is 8 hours long. It's important to know the buyers that will benefit from this program are motivated buyers who are ready to buy in the next 45-60 days. Each buyer prospect will be given a letter after the education session, and this letter is First Come/First Served/First Closed.

The max purchase price for a property on this program is $247,500, and the property MUST be owner occupied-not an investment property.

Ready To Buy Your First Home?

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 12 Jul 2009 08:52:45 -0500

If you are ready to buy your first home in Jacksonville, FL, here is some good information about new programs available.

32206
32208
32209
32244
32254

The program overview is available on this website: http://www.nspjax.com/

This is a brand new program. so there will be more info posted to the website soon.

The max purchase price for a property on this program is $247,500, and the property MUST be owner occupied-not an investment property.

Ready to Buy Your First Home?

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 12 Jul 2009 08:51:51 -0500

If you are ready to buy your first home in Jacksonville, FL, here is some good information about new programs available.

32206
32208
32209
32244
32254

The program overview is available on this website: http://www.nspjax.com/

This is a brand new program. so there will be more info posted to the website soon.

The max purchase price for a property on this program is $247,500, and the property MUST be owner occupied-not an investment property.

Ready To Buy Your First Home?

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 12 Jul 2009 08:50:49 -0500

If you are ready to buy your first home in Jacksonville, FL, here is some good information about new programs available.

32206
32208
32209
32244
32254

The program overview is available on this website: http://www.nspjax.com/

This is a brand new program. so there will be more info posted to the website soon.

The max purchase price for a property on this program is $247,500, and the property MUST be owner occupied-not an investment property.

Ready To Buy Your First Home?

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 12 Jul 2009 08:49:35 -0500

If you are ready to buy your first home in Jacksonville, FL, here is some good information about new programs available.

32206
32208
32209
32244
32254

The program overview is available on this website: http://www.nspjax.com/

This is a brand new program. so there will be more info posted to the website soon.

The max purchase price for a property on this program is $247,500, and the property MUST be owner occupied-not an investment property.

Inside Look At Jacksonville, FL's Real Estate Auctions

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 29 Jun 2009 10:33:30 -0500

If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.

Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.

Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.

For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:

www.duval.realforeclose.com.

Of these, 21 were canceled PRIOR to the auction, either by court order, the attorney, or the plaintiff. So, over 50% of the available auction properties were canceled. That's a fairly high percentage, and as you can imagine, if you had your eyes on one particular home that was canceled, you'd be frustrated.

When will that home be re-scheduled for auction, you ask? Good question - the plaintiff (owner) can petition the court for cancellations and continue to postpone the sale; not forever, but I have heard of some cases that have languished on for a very long time.

Many times, however, if there are bidders interested in a property for a "steal", it's good to keep in mind the bank has bidders themselves, to protect their interests. They may have lent $1,500,000 on the house, and they will not sell it for $500,000 - without at least trying to do so themselves. So remember, you are bidding against the bank.

If you are interested in purchasing a foreclosure, investment property, or first home, please contact me to help you navigate the process. I will help you find the homes that fit your needs, budget and financing.

Carol Zingone is a Broker Associate with living and working in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net

Inside Look At Jacksonville, FL's Real Estate Auctions

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 29 Jun 2009 10:29:47 -0500

If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.

Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.

Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.

For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:

www.duval.realforeclose.com.

Inside Look At Jacksonville, FL's Property Auctions

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 29 Jun 2009 10:27:09 -0500

If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.

Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.

Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.

For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:

www.duval.realforeclose.com.

Inside Look at Jacksonville, FL Property Auctions

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 29 Jun 2009 10:26:05 -0500

If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.

Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.

Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.

For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:

www.duval.realforeclose.com.

Inside Look at Jacksonville, FL Auctions

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Mon, 29 Jun 2009 10:25:08 -0500

If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.

Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.

Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.

For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:

www.duval.realforeclose.com.

Florida Real Estate Sales Are Improving!

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 28 Jun 2009 08:43:07 -0500

This data is from March & April 2009, and details an improving real estate market. Pairing this with the recent news that California has seen 3 months of increasing sales, and the picture starts to look much better than what the doom & gloom media have been saying.

Florida existing home sales rose in April for the eighth consecutive month. Here are city by city numbers fo single family homes:

City Percent increase April 08/April 09

Tampa-St. Pete-Clearwater 11%
Orlando 38%
Fort Myers-Cape Coral 81%
Jacksonville -5%
Fort Lauderdale 33%
West Palm Beach-Boca Raton 3%
Sarasota-Bradenton -12%
Daytona Beach 10%
Melbourne-Titusville-Palm Bay 17%
Miami 98%
Fort Pierce-Port St. Lucie 26%
Lakeland-Winter Haven 22%
Pensacola 16%
Punta Gorda 2%
Fort Walton Beach 2%
Ocala -8%
Tallahassee -28%
Gainesville -40%
Panama City 11%

The majority of these cities have impressive year over year sales increases leading all involved to believe the state is reaching and may have well reached bottom, and inching up.

Now is the time to get moving in on the great pricing, and the fabulous homes for sale in Jacksonville, and use your $8K first time homebuyer tax credit. Contact me to get the process started!

Florida Real Estate Sales Are Improving

Carol Zingone, Broker Associate, GRI, LMC,SRES (Prudential Network Realty) — Sun, 28 Jun 2009 08:41:43 -0500

Florida existing home sales rose in April for the eighth consecutive month. Here are city by city numbers fo single family homes:

City Percent increase April 08/April 09

Tampa-St. Pete-Clearwater 11%
Orlando 38%
Fort Myers-Cape Coral 81%
Jacksonville -5%
Fort Lauderdale 33%
West Palm Beach-Boca Raton 3%
Sarasota-Bradenton -12%
Daytona Beach 10%
Melbourne-Titusville-Palm Bay 17%
Miami 98%
Fort Pierce-Port St. Lucie 26%
Lakeland-Winter Haven 22%
Pensacola 16%
Punta Gorda 2%
Fort Walton Beach 2%
Ocala -8%
Tallahassee -28%
Gainesville -40%
Panama City 11%

The majority of these cities have impressive year over year sales increases leading all involved to believe the state is reaching and may have well reached bottom, and inching up.

Now is the time to get moving in on the great pricing, and the fabulous homes for sale in Jacksonville, and use your $8K first time homebuyer tax credit. Contact me to get the process started!