Here are the October 2009 stats and 2008 for comparison -
2009
- 22 Homes Sold
- Lowest price: $124,900
- Highest price: $1,515,000
- Shortest Days on Market: 4
- Longest Days on Market: 534
This is 5 more homes than sold in September, which is a 29% increase month to month.
2008
- 8 homes sold
- Lowest price: $195,000
- Highest price: $3,500,000
- Shortest Days on Market: 43
- Longest Days on Market: 407
This is wonderful news, and demonstrates we are close to the bottom of the single family housing market, or possibly already at the bottom.
As you can see from the numbers, listings sold year to date has increased a whopping 175%, 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 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.
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
Carol Zingone is a full service Broker Associate proudly affiliated with Prudential Network Realty in Atlantic Beach, FL. I help buyers and sellers locally, regionally, and internationally. With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's. I have spent hours honing my expertise, including the designations of Certified Distressed Property Expert (CDPE), Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES). Recently honored as the Realtor of the Year for the Northeast Florida Association of Realtors for 2009, I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com for Jacksonville and area listings!
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Great Info. Hopefully the florida market will rebound soon.
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