My local board provides this info for us to use, and I have to say, when you look at it this way, it's pretty interesting.
December 2009 Closed Sales December 2010 Closed Sales Variance
Traditional: 822 653 -20.6%
Lender Mediated: 559 770 +37.7%
Total Market: 1,381 1,423 +3.0%
Median Sales Price December 2009 Median Sales Price December 2010 Variance
Traditional: $162,000 $181,000 +11.7%
Lender Mediated: $110,000 $88,500 -19.5%
Total Market: $140,000 $130,000 -7.1%
Tt is clearly evident from the above data the following is true:
- Average Traditional Median Sales Price is UP 11.7% year over year.
- The number of lender mediated sales is approximately 40% of the total market.
These are points the average media source is NOT focusing on. There is good news in the local real estate 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. Our home sales in our Atlantic Beach office are up 26% comparing 2010 to 2009, so we know how to sell homes.
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.