There were 24 foreclosures of single family homes in Clay County FL in January 2009. There were 74 residential single family home sales in the MLS in Clay County FL in January 2009. Single family homes include townhouses. Foreclosures are sales at the courthouse and are usually sold back to the first lien holder. Sometimes individuals buy them, but they must be financially able and purchase near market value or the bank will outbid them.

The highest parcel value was $348,000 in Eagle Landing at Oakleaf Plantation. The least parcel value was a manufactured home in Jacksonville South, valued at $65,000.

The presence of foreclosures continues the downward pressure on home prices. Although sales activity is up, home prices are still declining. Homeowners who need to sell their homes must choose Realtors who price their homes correctly to stay with the market. Homes that are priced right are selling.

There were three foreclosures in Oakleaf Plantation communities. The other foreclosures were in individual communities around the county. A graph below gives the zip codes and number of foreclosures in each zip code.

Foreclosures by Zip Code in Clay County FL for January 2009

 

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About the Author: Sharon Alters works with her husband, Frank, and team member, Ann Dunsford Curley. They are in the top 5% real estate agents for production in the Jacksonville Florida area, specializing in Military and Corporate Relocation in the Fleming Island, Orange Park, St. Johns, St. Augustine and Beaches areas. Their local knowledge can help Relocating Buyers find the perfect lifestyle, whether it is a Castle on the Ocean, or a Cottage in the Country. 

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This post has been included in Florida Real Estate News Clay County, FL Real Estate News
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5 Comments on Foreclosures in Clay County FL January 2009

FEB
18
2009
878,837 Points 75 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Foreclosures certainly do have an impact on everyones values. I just debuted on TV last night on WBZ in Botin about foreclosures in my area. Here is the link: 

http://wbztv.com/local/milford.forclosures.housing.2.937450.html
6:59pm • #1
187,877 Points

Frank & Sharon,

That is great info, thank you for sharing.

Johnathan
9:55pm • #2
872,258 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Bill - That's really the point of posting about foreclosures, so Sellers will see concrete evidence of the downward pressure on prices. Congrats on your TV debut! So where's my autograph? LOL Seriously, I didn't realize you were having problems with foreclosures like we are here.

Jonathan - Thanks, it's to help homeowners be realistic about pricing their houses to sell.
10:35pm • #3
FEB
20
2009

Wow...that's a lot of foreclosures. Aren't you glad that the investor limitations on FHA loans is changing on March1st to ten properties instead of four? Hopefully they can snag up some of these homes and get the market back to a more normal inventory of homes.

Cindy
9:08am • #4
872,258 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Cindy - No, I didn't know that. Since the guidelines are more stringent, then the investors should be solid ones - let's hope! Properties are for sale for less than they could be built in some instances. Thanks for stopping by.
11:46pm • #5


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Sharon Alters 904-673-2308 Fleming Island FL Real Estate

Fleming Island, Orange Park, Jacksonville

Fleming Island, FL

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Coldwell Banker Vanguard Realty

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