Here are the 2012 stats and 2011 for comparison -
- 9 Homes Sold (March=6)
- Lowest price: $160,000 (March =$138,900)
- Highest price: $575,000 (March=$355,000)
- Shortest Days on Market:0 (March=1)
- Longest Days on Market: 367 (March = 398)
- 6 homes sold (March =4)
- Lowest price: $147,500 (March=$175,000 )
- Highest price: $1,392,500(March =$350,000)
- Shortest Days on Market: 15 (March =39)
- Longest Days on Market:363 (March =212)
Sales are up 33% month over month, and year over year. The days on market is where you really start to see the improvement.
Pricing is mostly stable, which is what I would have expected from Neptune Beach, as the smallest of the beach communities.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has 6.17 months of inventory (single family housing supply), which is very close to what is called a seller’s market, Neptune Beach has 3.5 months of inventory as I write this post, which is the lowest figure since December 2005.
If you are ready to list your home, call me for a comparable market analysis to see what your equity position is in your current property.
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 35,000 who do so – I can help salvage their credit, and their financial future.