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Atlantic Beach, FL May 2011 Statistics

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920

 

Here are the 2011 stats and 2010 for comparison -

2011

  • 12 Homes Sold
  • Lowest price: $48,000
  • Highest price: $535,000
  • Shortest Days on Market: 0
  • Longest Days on Market: 260

2010

  • 18 homes sold
  • Lowest price: $38,000
  • Highest price: $835,000
  • Shortest Days on Market: 0
  • Longest Days on Market: 449

While the volume of homes sold is down by 6 year over year (or 33% decrease) this is one of the first months in a very long time I’ve seen the lowest priced home sold has INCREASED. And great news it is, as this could indicate some market stability.

The great thing about Atlantic Beach, when compared to Jacksonville &; Neptune Beach is that Atlantic Beach has many different, affordable options for housing.  

Days on market has decreased as well, which is another indicator of proper pricing. Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.28 months of inventory (housing supply), right now and homes can and do sell in very few days on market.  Atlantic Beach has 11 months of inventory as I write this post.

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.

Posted by

Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

 

Comments (6)

Lee & Pamela St. Peter
Berkshire Hathaway HomeServices YSU Realty: (919) 645-2522 - Raleigh, NC
Making Connections to Success in Real Estate

Carol, sounds like your area may finally be leveling off!  Here's to a strong summer flurry of activity in a positive flow and those DOM drop like flies...

Pamela

Jun 12, 2011 02:00 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow Carol.  Sounds interesting, love to see DOM go down.  Have a great Sunday!

Jun 12, 2011 02:13 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Carol,

Those are great stats! I agree with Pamela that things are improving! Good for you! I wish you continued success. With interest rates staying low, why would anyone not move forward on the purchase of a home, if they can afford one? Looks like good news for Florida!

Patricia

Jun 12, 2011 02:14 AM
Nicole Needham
Needham Realty - Winters, CA
SFR (530) 302-5478

Carol.

Is the upper end of the market dead. It looks like there has been no sales above $835,000. I would think anything single family oceanfront and a lot of homes on beach ave would be above $835,000 or does that by you oceanfront?

Jun 12, 2011 03:02 AM
Connie Goodrich
Keller Williams Realty - McKinney, TX
CRS ABR (McKinney Realtor)Texas

Nice positive trend for the number of homes that have sold.  It is easy for one stat to skew the numbers - one home very much overpriced with absorbent DOM, etc.  Nice upper price home that sold for this year as well.  Hopefully some continued good positives will take place!

Jun 12, 2011 04:57 AM