Jacksonville Beach Condo Market Report for December 2013

Jacksonville Beach Condo Market Report for December 2013

The absorbtion rate for Condos for sale in Jacksonville Beach has dropped from a Dec 2012 rate of 4.77 months to a low, low 3.47 months. 6 months is considered a normal market so this went from a seller's market to a super seller's market. As the market has gotten better over the past 2 years we see Jacksonville Beach condos returning as an all time favorite for investment and prinicpal living.

The median list price increased for 2012 of $263,900 increased to $315,900 for 2013 for a total 19.70% increase.

Phyllis Frankel Realty Group has found that condos are selling with the average days on the market of 84 days in December 2013 which is along the lines of the surrounding areas.

The price bracket with the most condos available for sale is the $300,000-$399,999 range with 25 condos for December 2013 and for a 82 YTD 2013. The 2nd price bracket with the most condos available for sale in December 2013 is the $1,000,000+ with 10 condos for sale and 27 Condos for sale YTD 2013. In December 2013 we did see the most condos come on the market in the $1,000,000+ range.

The price bracket with the most condos sold is the $300,000-$399,900 range with 48 condos sold in 2013. We did see in 2013 18 condos sell $750,000-$999,9999 and 7 condos sell over $1,000,000. So the luxury market is definitely moving.