Here are the October 2010 stats and 2009 for comparison -
2010
- 19 Homes Sold
- Lowest price: $66,000
- Highest price: $2,510,000
- Shortest Days on Market: 3
- Longest Days on Market: 308
2009
- 17 homes sold
- Lowest price: $46,000
- Highest price: $850,000
- Shortest Days on Market: 12
- Longest Days on Market: 453
Now, this is great news! I'm sure some of you are saying; "WHAT?!", but this is the first positive news for the beaches communities in October, as both Neptune & Jacksonville Beach were both down year over year. Sales are up year over year, 11% to be exact, and while that may not be exciting to you, it's still positive news in the local real estate market.
The low end of the price range is up roughly 30%, which is also a first time stat this year (I think I will have to confirm), and upper end is up astronomically.
Our days on market has improved on both ends, another good sign we are becoming a more stable balanced market.
Properly priced and properly presented properties are STILL selling - currently, the Jacksonville area has about 14 months of inventory (housing supply), right now 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 financial future.
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