Here are the 2011 stats and 2010 for comparison -
2011
- 18 Homes Sold (July=19, so an increase of 1)
- Lowest price: $70,000 (July=$40,000)
- Highest price: $1,150,000 (July=$1,600,000)
- Shortest Days on Market: 11 (July=1)
- Longest Days on Market: 727 (July=692)
2010
- 26 homes sold (July=19)
- Lowest price: $35,000 (July=$40,000)
- Highest price: $1,500,000 (July=$629,000)
- Shortest Days on Market: 1 (July=8)
- Longest Days on Market: 298 (July=441)
There is fabulous news this month! Look at the jump in the lowest price home sold, up 50% year over year, and up $30K month over month! Great news! The higher priced market is still moving forward, and while I’m not particularly thrilled with the days on market being greater on the upper end, that is somewhat typical. I’m also not very pleased that sales are down about 30% year over year, however, Atlantic Beach is a very desireable area, and there will always be demand for homes close to the beach, and walking distance to Town Center.
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 6.39 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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