Here are the January - June 2010 stats and 2009 for comparison -
- 18 Homes Sold
- Lowest price: $113,500
- Highest price: $950,000
- Shortest Days on Market: 6
- Longest Days on Market: 266
- 14 homes sold
- Lowest price: $175,000
- Highest price: $475,000
- Shortest Days on Market: 8
- Longest Days on Market: 350
Homes sold year over year are UP about 28% year over year, which is terrific news compared to what the media is portraying.
Pricing on the low end shows a decline year to year, and a significant one, however, this is somewhat due to the number of distressed (short sales, and foreclosures) sales, which we will continue to feel the effects of for some time yet.
Pricing on the high side shows a nice improvement - this year, more million dollar plus sized homes have sold year to date, than 2009. The big ticket buyers sense it's a great time to buy (true) and they can get terrific value especially if they are cash buyers (also true).
Days on market is also showing nice improvement. 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.