| Lender Mediated | Avg Sales Price | Traditional | Avg Sales Price | |||
| 1/09-12/09 | 1/10-12/10 | Variance | 1/09-12/09 | 1/10-12/10 | Variance | |
| Area | ||||||
| Jax Beach NE | $310,000 | $320,000 | 3.20% | $392,000 | $340,000 | -13.30% |
| Jax Beach SE | $332,450 | $215,000 | -35.30% | $475,000 | $259,000 | -45.50% |
| Jax Beach NW | $187,500 | $170,000 | -9.30% | $204,500 | $200,000 | -2.20% |
| Jax Beach SW | $190,000 | $102,500 | -46.10% | $250,000 | $229,000 | -8.40% |
| Neptune Beach East | $362,000 | $301,125 | -16.80% | $487,500 | $391,000 | -19.80% |
| Neptune Beach West | $237,000 | $215,000 | -9.30% | $239,500 | $247,450 | 3.30% |
| Atlantic Beach East | $282,500 | $199,900 | -29.20% | $396,000 | $312,500 | -21.10% |
| Atlantic Beach West/Mayport | $62,500 | $77,250 | 23.60% | $132,500 | $125,000 | -5.70% |
This data is provided by the Northeast Florida Association of Realtors, NEFAR.
While there are obviously some negative price areas above (notably Jax Beach Southeast, Neptune Beach East, and Atlantic Beach East bearing the largest declines year over year), there is still some good news here to focus on.
Neptune Beach West saw a modest price increase 2009 to 2010 in traditional sales, and a modest decrease in lender mediated sales. Neptune Beach is the smallest of the beaches communities, and has more single family housing than the other communities.
Similarly, Jax Beach Northwest (North of Beach Blvd and West of 3rd Street) saw the least price decline 2009 to 2010 in traditional sales. Jax Beach Southeast saw major price decreases in both lender mediated and traditional sales; (defined as south of Beach Blvd and East of 3rd Street), and this is where we had more new inventory (mainly condos) develop during the height of the market.
Propertly priced and properly presented properties are STILL selling - currently the Jacksonville market has about 14 months of inventory (housing supply) right now, and homes can and do sell in very few days on market. Properly
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 am a 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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