Here are the 2011 stats and 2010 for comparison -
2011
- 17 Homes Sold (May=12, so an increase of 5)
- Lowest price: $30,000 (May=$48,000)
- Highest price: $975,000 (May=$535,000)
- Shortest Days on Market: 1 (May=0)
- Longest Days on Market: 245 (May=260)
2010
- 16 homes sold (May=18)
- Lowest price: $25,000 (May=$38,000)
- Highest price: $740,000 (May=$835,000)
- Shortest Days on Market: 2 (May=0)
- Longest Days on Market: 426 (May=449)
This market report does not seem quite as rosy as Jacksonville & Neptune Beach, but there is still good news: for the second month in a row, the lowest priced home sold is up year over year by $5,000, indicating we are approaching greater market stability; just like Jacksonville and Neptune Beach, the highest priced home sold is up year over year and month over month, indicating buyers are comfortable with that price range, and either have cash, or are qualifying and closing with conventional loans; and the longest days on market is down by about 50%, meaning sellers are pricing and presenting their homes correctly.
The great thing about Atlantic Beach, when compared to Jacksonville & Neptune Beach is that Atlantic Beach has many different, affordable options for housing.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 8.50 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Atlantic Beach has 7.47 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.
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