Here are the February 2009 stats and February 2008 for comparison -
2009
- 11 Homes Sold
- Lowest price: $109,500
- Highest price: $400,000
- Shortest Days on Market: 6
- Longest Days on Market: 223
2008
- 5 homes sold
- Lowest price: $221,000
- Highest price: $700,000
- Shortest Days on Market: 0
- Longest Days on Market: 221
There are some interesting conclusions to be drawn from the above date. First, 2009 home sales are up 120% over 2008, which is great news. However, prices are coming down, as illustrated by the above: the lowest price home last year was $221,000 which is $110,000 lower than this year. This is simply a vivid example of supply and demand and their impact on pricing.
The office I work in, in Atlantic Beach, listed 52 new properties, and closed 44, which is wonderful news for the local market conditions. Properly priced, and properly presented properties ARE selling.
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.
Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net
(Data is compiled from the Northeast Florida Association of Realtors Multiple Listing Service, and reflects Realtor sales. Sales not involving a Realtor are not included.)
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