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 seen this the past two months, but believe this is the largest jump percentage wise), indicating we are approaching greater market stability.
Neptune Beach is slightly smaller than Atlantic Beach to the north and Jacksonville Beach to the south, and has virtually zero condo inventory, which is one reason the lower end price point is higher than neighboring beach communities.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 8.12 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 8.57 months of inventory as I write this post.
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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