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Really good stats for St Johns real estate!

By
Real Estate Agent with Watson Realty Corp

Metro Market Trends has reported some, I think, exciting new statistics. For instance, comparing the month of Oct. in 2009 to 2010, the petitions for Lis Pendens were down 51% and foreclosures were down 33% from last Oct. Does that tell you anything? Although volume was down 10% for Oct 2010, the year to date volume is up 11% and the year is not over! I have noticed several niche markets where the prices have not only stabilized but are gaining slightly. Logically, these are communities where the demand is high and the short sales and foreclosures may have run their course. The sale of single family homes, though showing a downturn for Oct, year to date is up 11%! Onward and Upward say I!!