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2009 Annual Market Report ~ Eagle Harbor FL (Fleming Island FL)

By
Real Estate Agent with Coldwell Banker Vanguard Realty - 904-673-2308

Eagle Harbor - Fleming Island Florida Eagle Harbor sold 97 single family homes in 2009 (99 sold in 2008).

This represents an 87% drop in the number of homes sold when compared to 730 homes sold in 2005.

3 homes that sold were builder inventory. All were built in 2007.

10 homes that sold were bank owned.

18 homes that sold were short sales (homes that sold for less than the loan on the home).

11 homes that sold were corporate RELO owned (homes bought by corporations when transferring their employees).

A total of 28% of the homes sold in Eagle Harbor in 2009 were distressed properties. 19% of these homes were short sales. 10% were bank owned.

Over 50% of the transactions were Conventional or Cash. 20% of loans were FHA and 24% were VA.

30% of all transactions had Seller Concessions - closing costs and CDD fees were paid.

The least expensive home sold was a $125,000 bank-owned home in Pine Lakes that was 1,786 sq. ft.

The most expensive home sold was $615,000 home in Daniel's Landing that was also the largest home sold at 4,500 sq. ft.

The smallest home that sold was 1,470 sq. ft. in Pine Lakes.

Currently there are 75 Active listings. That is a 9 month supply of inventory. This represents a decline from the July Market, which had over 12 months' supply of homes for sale.

 

 

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About the Author: Sharon Alters works with her husband, Frank. They are in the top 5% real estate agents for production in the Jacksonville Florida area, specializing in Military and Corporate Relocation in the Fleming Island, Orange Park, St. Johns, St. Augustine and Beaches areas. Their local knowledge can help Relocating Buyers find the perfect lifestyle, whether it is a Castle on the Ocean, or a Cottage in the Country. 

Call/text 904-673-2308 or sharon@teamalters.com

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James Lyon
Vista Pacific Realty - Sacramento, CA

Great use of stats and it looks like things are starting to move there.

Jan 17, 2010 03:13 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Sharon,

Thanks, I love reading about real estate markets in other areas and I thought your reporting was interesting and informative.

I liked the fact that you gave percentages, that (to me) makes it easily understood. That drop from 2005 is huge, obviously when we had record years in the other direction. Sort of opposites here.

Jan 17, 2010 03:15 PM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

James, thanks. It helps me get an objective grasp on my own market. Inventory is declining and that's a good thing.

Lynda, the percentages help me, too. You can look at a number, but when you relate that number to a statistic, then the picture of the market comes together.  Thanks for stopping by.

Jan 17, 2010 03:36 PM