Atlantic Beach, FL November 2011 Homes Sold

Here are the 2011 stats and 2010 for comparison -

 2011

• 7 Homes Sold (October=15)
• Lowest price: $60,250 (October =$34,900)
• Highest price: $940,000 (October =$1,250,000)
• Shortest Days on Market:27 (October =5)
• Longest Days on Market: 332 (October =523)

2010

• 16 homes sold (October =16)
• Lowest price: $39,900 (October =$66,100)
• Highest price: $2,850,000 (October =$900,000)
• Shortest Days on Market: 3 (October =3)
• Longest Days on Market: 537 (October =259)

 Sales are down quite a bit, both month over month, and year over year, which is disturbing.  However, it’s more important to look at the time on market as an indicator of market activity;the short end of the spectrum is fine at 27 days on market, and the long end of the spectrum is less than a year, so that’s good news. The lowest end of the market is consistent both month over month and year over year, indicating sellers are pricing their homes competitively.

 Atlantic Beach is the northernmost of our beaches communities here in the Jacksonville Beaches area, and many residents enjoy the pedestrian feel of the town, with Town Center’s restaurants and shops so close by. You can do a virtual visit of Town Center here.

 Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has 9.60 months of inventory (housing supply), right now and homes can and do sell in very few days on market.  Atlantic Beach has 16.71 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.