foreclosures: Pablo Bay Home Sales, Jacksonville, FL January - June 2011 Home Sales
- 07/19/11 04:03 AM
Here are the 2011 stats and 2010 for comparison -
2011
10 Homes Sold Lowest price: $257,000 Highest price: $410,000 Shortest Days on Market: 7 Longest Days on Market: 303
2010
17 homes sold Lowest price: $264,000 Highest price: $600,000 Shortest Days on Market: 4 Longest Days on Market: 235
The Intracoastal West area of Jacksonville stretches from the ICW roughly to about Kernan, and Pablo Bay is one of the communities located on San Pablo Road, with easy access to JTB for commuting or to the beach. You can see from the report above home … (3 comments)
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foreclosures: Ponte Vedra Beach, FL January - June 2011 Home Sales
- 07/15/11 04:36 AM
Here are the 2011 stats and 2010 for comparison -
2011
51 Homes Sold Lowest price: $119,000 Highest price: $4,700,000 Shortest Days on Market: 1 Longest Days on Market: 2065
2010
56 homes sold Lowest price: $49,000 Highest price: $5,375,000 Shortest Days on Market: 4 Longest Days on Market: 744
Home sales are down about 8% year over year, very close to flat. The lowest price home sold figures are up impressively year over year, similar to other beaches communities. I’m not concerned at all about the difference in the highest price home sold figures, as Ponte … (3 comments)
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foreclosures: Neptune Beach, FL January - June 2011 Home Sales
- 07/12/11 07:46 AM
Here are the 2011 stats and 2010 for comparison -
2011
31 Homes Sold Lowest price: $130,000 Highest price: $1,500,000 Shortest Days on Market: 0 Longest Days on Market: 531
2010
35 homes sold Lowest price: $89,900 Highest price: $480,000 Shortest Days on Market: 0 Longest Days on Market: 339
This is very consistent with what I have been posting on a monthly basis: the market is improving. Yes, sales are off about 10% year over year, but that is very negligible in our market at this time. The lowest price sold home increased 44% (I have … (3 comments)
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foreclosures: Atlantic Beach, FL May 2011 Statistics
- 06/12/11 01:08 AM
Here are the 2011 stats and 2010 for comparison -
2011
12 Homes Sold Lowest price: $48,000 Highest price: $535,000 Shortest Days on Market: 0 Longest Days on Market: 260 2010
18 homes sold Lowest price: $38,000 Highest price: $835,000 Shortest Days on Market: 0 Longest Days on Market: 449 While the volume of homes sold is down by 6 year over year (or 33% decrease) this is one of the first months in a very long time I’ve seen the lowest priced home sold has INCREASED. And great news it is, as this could indicate some market stability.
… (6 comments)
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foreclosures: Neptune Beach, FL May 2011 Statistics
- 06/10/11 12:53 AM
Here are the 2011 stats and 2010 for comparison -
2011
9 Homes Sold (this is 3 more than April 2011) Lowest price: $130,000 Highest price: $637,500 Shortest Days on Market: 9 Longest Days on Market: 224 2010
4 homes sold Lowest price: $150,000 Highest price: $298,900 Shortest Days on Market: 3 Longest Days on Market: 166 Nice to have something positive to report for Neptune Beach: home sales are up 5 homes year over year, which is 125%! We have seen increases already this year in Jacksonville Beach is up 40% year over year, and Atlantic Beach is up 69% … (1 comments)
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foreclosures: Jacksonville Beach, FL May 2011 Statistics
- 06/10/11 12:15 AM
Here are the 2011 stats and 2010 for comparison -
2011
22 Homes Sold Lowest price: $62,000 Highest price: $500,000 Shortest Days on Market: 20 Longest Days on Market: 562 2010
19 homes sold Lowest price: $140,000 Highest price: $495,000 Shortest Days on Market: 1 Longest Days on Market: 210 This market report completely is in line with the increase we are experiencing all over the market! Year to year, sales are up 3 homes which is 15% increase!
The great thing about Jacksonville Beach, however, when compared to Atlantic & Neptune Beach is that we are a larger … (2 comments)
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foreclosures: REO's & Home Inspections -VERY Important!
- 05/03/11 11:41 AM
We have all had our individual challenges with what looks good to the eye, and what is actually not.
ALL properties, regardless of title status or seller, are worthy of a solid home inspection. There is a standard inspection phrase in our purchase & sale agreements here in Florida, and I imagine they exist in almost all purchase & sale agreements. My most recent experience helped my buyers avoid a major bullet.
What did we find?
Non-standard workmanship on the front porch, the unfinished rear addition, and the attached hot water heater shed. Improper electrical throughout the entire home, requiring … (2 comments)
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foreclosures: Atlantic Beach, FL 1st Quarter 2011 Statistics
- 04/29/11 04:25 AM
Here are the 2011 stats and 2010 for comparison -
2011
32 Homes Sold Lowest price: $29,500 Highest price: $950,000 Shortest Days on Market: 0 Longest Days on Market: 500 2010
47 homes sold Lowest price: $48,000 Highest price: $3,200,000 Shortest Days on Market: 0 Longest Days on Market: 952 So, year to year, things appear to be moving in a negative direction for Atlantic Beach, with a decrease in homes sold from 47 to 32, which is 31% (and very similar to Neptune Beach). I don't have the same positive news on the pricing front as I did in … (2 comments)
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foreclosures: Neptune Beach, FL 1st Quarter 2011 Statistics
- 04/29/11 01:33 AM
Here are the 2011 stats and 2010 for comparison -
2011
9 Homes Sold Lowest price: $169,900 Highest price: $617,000 Shortest Days on Market: 0 Longest Days on Market: 212 2010
13 homes sold Lowest price: $89,900 Highest price: $342,000 Shortest Days on Market: 0 Longest Days on Market: 339 So, year to year, things appear to be moving in a negative direction for Neptune Beach, with a decrease in homes sold from 13 to 9, however, look at the increase on the bottom end of the price range. The bottom end of the price range moved up from $89,900 to … (2 comments)
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foreclosures: Pssst - Hey, Buyer, Want To See The "Secret" List of Homes???
- 03/12/11 11:07 AM
Hey, there, Mr/Mrs Buyer over there! Yeah, YOU!
Want to see my secret squirrel list of homes NOT on the MLS yet? The ones that are move-in ready with 3-4 bedrooms, 2000 or more square fee for less than $100,000 and a block from the beach? Yes, with granite, and travertine and stainless steel appliances? Yeah, just follow me around this dark corner, and I'll show it to you....
No, don't worry, you'll be just fine, I don't want to hurt you or anything, I just can't let ANYBODY else see this list!
I'm only showing it to you so you … (13 comments)
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foreclosures: We BOUGHT This House 11/4/2010! How Can They Attempt to Foreclose on 3/4/11????
- 03/04/11 03:24 AM
True story, and I KNOW I'm not the only one with a stranger than fiction tale like this, as this is my second!
Investors purchased a Fannie Mae REO, and we closed on 11/4/10. Everything about the transaction was "normal", meaning no title glitches, no delays.
They promptly started putting improvements into the property to prepare it to rent, and after about 2 months of work, they were ready to find a tenant, which they found in less than a week.
Tenant in place, everything is copacetic, until....this morning, when they call me to say some "property manager" went by to … (11 comments)
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foreclosures: Jacksonville Beach, FL February 2011 Statistics
- 03/01/11 11:43 PM
Here are the 2011 stats and 2010 for comparison -
2011
12 Homes Sold Lowest price: $70,500 Highest price: $330,000 Shortest Days on Market: 3 Longest Days on Market: 248
2010
14 homes sold Lowest price: $162,000 Highest price: $660,000 Shortest Days on Market: 9 Longest Days on Market: 280 So, year to year, things appear from a movement perspective fairly flat, with 2 more homes being sold in January 2010 than 2011, which equates to a 14% decrease, which may or may not be statistically significant (if you read my posts, however, you are aware I would be … (5 comments)
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foreclosures: Why Sellers Should Understand Months of Inventory
- 02/19/11 12:29 AM
We have all come across sellers who have, in their opinion, the best house on the block, more improvements than the neighbors, the unique floorplan that will help sell their house.
Some of these may be true, and some may have an impact on the listing price of the their home, but the truth is, part of it really comes down to supply and demand; the number of homes available and the buyers who want them.
There are many variables to supply and demand, but we'll look at Neptune Beach, a small oceanside community in Northeastern Florida as an example … (30 comments)
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foreclosures: Showing Property at 8:30am On A Thursday??
- 02/17/11 02:28 PM
Yes, I was showing property this morning at 8:30am (ok, it was closer to 8:45am) due to foggy weather. I'm thrilled to be showing houses to a qualified, motivated buyer on a weekday morning!
Why? I know my buyers are TRULY motivated when they are making time during the week (and this couple is in the restaurant industry), and they can look while the kids are at school and not a distraction.
We looked at 3 homes this morning, one REO, one re-sale (non-distressed), and one new construction, all within the buyer's price range and in their area with A rated … (4 comments)
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foreclosures: What Does "Inventory" Really Mean?
- 02/15/11 02:48 AM
We, as Realtors, sometimes fall into using jargon, lingo, verbiage, etc. that is relevant to us as professionals, but is not truly relevant to our customers, who are the consumers.
One of those words is "Inventory".
Inventory often refers to how much of a certain product a store has to sell, for example. For Home Depot, their inventory of a certain product, like glass tile backsplashes, needs to be at a certain level for a number of reasons:
Customer demand drives how much inventory a store stocks. Low customer demand (think lawnmowers in winter) means low to zero inventory. High … (4 comments)
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foreclosures: Jacksonville Beaches Area, FL, Lender Mediated Sales Vs. Traditional Sales 2009/2010 Statistics
- 02/12/11 03:22 AM
This data is provided by the Northeast Florida Association of Realtors, NEFAR.
While there are obviously some negative price areas above (notably Jax Beach Southeast, Neptune Beach East, and Atlantic Beach East bearing the largest declines year over year), there is still some good news here to focus on.
Neptune Beach West saw a modest price increase 2009 to 2010 in traditional sales, and a modest decrease in lender mediated sales. Neptune Beach is the smallest of the beaches communities, and has more single family housing than the other communities.
Similarly, Jax Beach Northwest (North of Beach … (0 comments)
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foreclosures: Jacksonville, FL Traditional Vs. Lender Mediated Sales December 2009 Compared to December 2010
- 02/12/11 12:37 AM
My local board provides this info for us to use, and I have to say, when you look at it this way, it's pretty interesting.
December 2009 Closed Sales December 2010 Closed Sales Variance
Traditional: 822 653 -20.6%
Lender Mediated: 559 770 +37.7%
Total Market: 1,381 1,423 +3.0%
Median Sales Price December 2009 Median Sales Price December 2010 Variance
Traditional: $162,000 $181,000 +11.7%
Lender Mediated: $110,000 $88,500 -19.5%
Total Market: $140,000 $130,000 -7.1%
Tt is clearly evident from the above data the following is true:
Average Traditional Median Sales Price is UP 11.7% year over year. The number of … (0 comments)
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foreclosures: Atlantic Beach, FL January 2011 Statistics
- 02/12/11 12:14 AM
Here are the 2011 stats and 2010 for comparison -
2011
9 Homes Sold Lowest price: $44,000 ($25,000– 2010 Year In Full) Highest price: $715,000 ($3,200,000– Year In Full) Shortest Days on Market: 9 (0 – 2010 Year In Full) Longest Days on Market: 264 (952 – 2010 Year In Full)
2010
11 homes sold Lowest price: $48,900 ($44,900– 2009 Year In Full) Highest price: $1,560,000 ($2,650,000– 2009 Year In Full) Shortest Days on Market: 0 (0 – 2009 Year In Full) Longest Days on Market: 952 (1247 – 2009 Year In Full) Now, when I posted Jacksonville Beach … (3 comments)
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foreclosures: Neptune Beach, FL 2010 Sales Compared to 2009
- 01/09/11 01:42 AM
Here are the 2010 stats and 2009 for comparison -
2010
64 Homes Sold Lowest price: $59,900 Highest price: $1,850,000 Shortest Days on Market: 0 Longest Days on Market: 1002
2009
62 homes sold Lowest price: $99,904.76 Highest price: $2,000,000 Shortest Days on Market: 0 Longest Days on Market: 415
Sales are up a bit over last year, 2 homes to be exact, which equates to 3%, but the fact that home sales are so similar year to year is a piece of news you are not hearing in the media.
The low end has … (3 comments)
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foreclosures: Atlantic Beach, FL Home Sales 2009 Compared to 2010
- 01/08/11 02:28 AM
Atlantic Beach, 2010 Statistics
Here are the 2010 stats and 2009 for comparison -
2010
197 Homes Sold Lowest price: $25,000 Highest price: $3,200,000 Shortest Days on Market: 0 Longest Days on Market: 952
2009
182 homes sold Lowest price: $44,900 Highest price: $2,650,000 Shortest Days on Market: 0 Longest Days on Market: 1247
Sales are UP year over year by 8%, which, while not a huge number, is definitely more positive than what the major media outlets are reporting.
Sales prices are down on the low end, again not surprising, … (1 comments)
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