Here are the July 2010 stats and 2009 for comparison -
2010
- 18 Homes Sold
- Lowest price: $145,000
- Highest price: $1,350,000
- Shortest Days on Market: 2
- Longest Days on Market: 350
2009
- 17 homes sold
- Lowest price: $78,000
- Highest price: $381,900
- Shortest Days on Market: 23
- Longest Days on Market: 314
Sales are essentially flat year over year, which is moderate news; Jacksonville Beach has been doing well in year over year stats, so even one more sale is good.
The GREAT news is the increase in the lowest priced home sold year over year, AND, the decrease in the days on market. Both show us a starting trend line (I believe) that prices may be rebounding. Days on market being significantly shorter also confirms sellers are pricing and presenting their properties correctly for today's market conditions.
Properly priced and properly presented properties are STILL selling - currently, the Jacksonville area has about 10 months of inventory (housing supply), and homes can and do sell in very few days on market.
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.
If you or someone you know is considering a short sale, please have them contact me for a no-obligation confidential interview about their current situation and how best for them to move forward. I hold the Certified Distressed Property Expert, and am one of a mere 18,000 who do so - I can help salvage their credit, and their future.
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