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Jacksonville Beach Market Data 1/08

Here are the numbers of active property listings, those under contract, and sold properties for Single Family Homes in Jacksonville Beach, FL for the month of January 2008:

Active 289 active listings for Single Family Homes (no condos)
Pending 8 pending (there is a contract and inspections/financing have been done)
Sold 9 sold (prices ranged from $180,000 to $400,000)
New Listings 62

The great news here is the number of sold listings in January 2008, when compared to January 2007: 9 compared with 4, which means we have closed DOUBLE the number of units year to year.

Let's see what the numbers looked like in January 2007 to see what the true impact is.

Active 272 active listings for Single Family Homes (no condos included)
Pending 6 pending (there is a contract and inspections/financing have been done)
Sold 4 sold (prices ranged from $185,000-$249,000)
New Listings 66

While our active listings is higher in January 2008, versus January 2007, the pending and sold numbers are also higher, and the new listings are less (although not considerably less.).

Ask your Realtor for comparable neighborhood properties to see first hand what those houses sold for so you can prepare a solid offer. A low ball offer does not always make the most sense, if you really want the house.If you are looking for investment property, or a short sale, you can lowball all day long -you never know when someone will be hungry enough to take it.

If you are selling, ask your Realtor to provide you with properties that have sold that are the most similar to yours. Also ask how your Realtor will market and present your property. The first impression is the one you need to be concerned with - it is what sets your house apart from allt the others. Your property will need to be priced right and presented right to grab attention in this market. An experienced Realtor will offer suggestions to help make your home more salable, and some of these are just good old fashion elbow grease, and putting some things away.

Make It A Great 2008!

Posted by Carol Zingone, Broker Associate, GRI, SRES on 02/05/2008 01:26 PM

Comments (4)

jacksonville beach market data, single family homes, realtors

This post has been included in Florida Information Duval County, FL Information Jacksonville Beach, FL Information

4 Comments on Jacksonville Beach Market Data 1/08

Carol: I have great memories of Jacksonville Beach. I lived in Mandarin for a couple of years and would go over to the beach almost every weekend, even in the wintertime. Good market report.

02/05/2008 02:58 PM

by Donna Yates, Georgia Realtor North Georgia Blue Ridge Real Estate (Mountain Investments of North Georgia)

Carol, I have a home in Jacksonville Beach that has been on the market for about 90 days. Is this a normal timeframe for the market? We have had several showings a month, around 3 or 4, but no repeat showings. The only complaint we get is that the buyers are not sure where they want to move yet. We have been on the jacksonville beach carvan and have a luncheon coming up soon and we are getting great feedback from the agents but no offers. Any suggestions? We have a while to sell, but I am very nervous that we might not sell it before we have to move??

02/07/2008 07:58 PM

by Nervous Seller

Dear Nervous Seller:

First, yes, 90 days is fairly normal in this market. However, you state you have had 3-4 showings a month, and no repeat showings, so something is not working for the buyers. What is the feedback from the other agents? Have adjustments to the propeprty (price, or condition) been made as a result of feedback? Your agent may need to call the other agents, and ask them to be brutally honest to get at the REAL objection to the property.

Has the property been staged? In today's competitive market, the homes that show the best, and need the least "work" from the buyer's perspective are moving more quickly.

As your agent to show you days on market for the past few months for homes in your price range (if she/he hasn't already; it may be helpful information, plus you may want to visit a few of your competitors to see what the differences are. Good luck!

02/08/2008 05:56 AM

by Carol Zingone, Broker Associate, GRI, SRES (Vanguard GMAC)

Carol, Thank you for your response. We have been getting great feedback from other agents and the main thing they are saying is that buyers are unsure and are just getting their feet wet and no one is making an offer. From what I am hearing it is not that they are not buying our house, they are just not putting contracts on any house. Does that seem normal for this market? I know that we are coming up on the "busy" season for real estate so hopefully something will turn up. We are priced competitively and our house is staged beautifully according to other agents. Let me know what other suggestions you might have as the market changes over the next few months.

02/24/2008 12:32 PM

by Nervous Seller

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