Here are the 2011 stats and 2010 for comparison -
2011
- 6 Homes Sold
- Lowest price: $147,500
- Highest price: $1,392,500
- Shortest Days on Market: 15
- Longest Days on Market: 363
2010
- 8 homes sold
- Lowest price: $185,000
- Highest price: $315,000
- Shortest Days on Market: 1
- Longest Days on Market: 220
This market report completely is not in line with the increase we are experiencing all over the market; year to year, sales are down 25% in Neptune Beach. Jacksonville Beach is up 40% year over year, and Atlantic Beach is up 69% year over year, making this an anomaly.
Neptune Beach, when compared to Jacksonville & Atlantic Beach, is substantially smaller, with more single family housing and typically higher prices than the other two communities.
Days on market has increased as well, which is another anomaly to me. However, this is a very microscopic view of the market; Neptune Beach would probably be better viewed in quarterly snapshots.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.28 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 11.03 months of inventory as I write this post (which is also higher than Atlantic & Jacksonville Beach).
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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