June fared as a pretty good month for Fleming Island in 2010 as far as home sales go. We came out ahead of 2009 by nearly 10% reaching a total sales volume of $10.8M compared to just $9.7M in 2009. While home sales were up, it is largely in fact due to the great deals that are currently out there. The average sales price in June 2010 was a mere $245,000 down almost 10% from $267,000 last year at this time.
Although these price decrease may not be encouraging; it is far more stable then the year before. The average sales price in June of 2008 was an astounding $387,000! That means that between June 2008 and June of 2009 home sales prices in the Fleming Island are dropped approximately 30%!! With a drop of only 9.2% this past twelve months, we are showing signs of stabilization.
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