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 $169,900 which was not reflected in Jacksonville Beach (I will write up Atlantic Beach shortly and see if we have a similar success story there).
Neptune Beach is the smallest of the beach communities, so they experience less swing in pricing and inventory than the larger communities of Jacksonville and Atlantic Beach.
Days on market is fairly flat as well. Properly priced and properly presented properties are STILL selling - currently, the Jacksonville area has about 9.39 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 15 months of inventory as I write this post, which is down SIGNIFICANTLY from March 2010, when we had 36.50 months of inventory.
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. Our home sales in our Atlantic Beach office are up 26% comparing 2010 to 2009, so we know how to sell homes.
If you or someone you know is considering a short sale, please have them contact me for a no-obligation confidential interview about their current situation and how best for them to move forward. I hold the Certified Distressed Property Expert, and am one of a mere 18,000 who do so - I can help salvage their credit, and their financial future.
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