JULINGTON CREEK PLANTATION & SURROUNDING AREAS: AUGUST 2011 MARKET TREND REPORT

By
Real Estate Agent with Round Table Realty

JULINGTON CREEK PLANTATION & SURROUNDING AREAS:  As a Realtor living in Julington Creek Plantation, I am often asked "What is going on with the market in our area?"  Since we are all interested to know what is going on in our own backyard I thought I would put together a monthly blog about "Julington Creek and the Surrounding Areas Market Trend Report." 

I am eager to hear your thoughts and please let me know if there is any additional information you would like included in future reports. 

MARKET TRENDS AUGUST 2011 

The Northeast Florida Association of Realtors reported there have been some shifts on both sides of the closing table for August 2011.  Nationally, buyer activity is moving back in line with historical trends while sellers are making fewer concessions in order to sell their homes. 

How does this translate for Julington Creek Plantation and the surrounding areas?

                                            

 

AUGUST

 

 

YEAR TO

DATE

 

 

2010

2011

+/-

2010

2011

+/-

New Listings

205

168

-18%

1,765

1,466

-16.9%

Closed Sales

124

145

+16.9%

898

911

+1.4%

Median Sales Price*

$219,995

$223,875

+1.8%

$221,000

$210,000

-5.0%

Percent of Original List Price Received*

92%

92.1%

+.2%

91%

90.8%

-.2%

Days on Market Until Sale

96

107

+12.3%

106

123

+15.9%

Inventory of Homes for Sale

1,057

782

-26%

--

--

--

Months Supply of Inventory

9.6

6.9

-28.4%

--

--

--

 

 

Julington Creek Plantation & Surrounding Areas Market Report   Julington Creek Plantation & Surrounding Areas Market Report        

*Does not account for seller concessions.  Activity for one month can sometimes look extreme due to small sample size.

New listings in Julington Creek and the surrounding areas decreased 18% over August 2010 as did as did the number of homes on the market shringing from 1,057 housing units (8/2010) to 782 housing units (8/2011).  There was a slight increase in the Median Sales Price of 1.8% to $223,875 and on average it was taking a little longer, 107 days, for homes to sell.  The Percent of Original List Price Received remained about the same with a .2% increase to 92.1%.

Let’s hope with low interest rates, a declining supply and a somewhat stabilization of pricing (at historic lows) there is a small ray of sunshine in our future.

Please feel free to forward this information on to anyone who might be interested in this market.  Similarly, if you have questions about a specific subdivision or another area of Jacksonville please don’t hesitate to email me!

And, as always, if you or someone you know is considering buying or selling a home your referrals are GREATLY appreciated!!!

 Have a FANTASTIC rest of the month!

Comments (2)

Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

September, 2011...your last post?

Do tell me you have so much business you just don't need to blog, and that nothing bad happened in between?

Feb 25, 2012 10:21 AM
Mary Hillerman
Crye-Leike Realtors® - Bentonville, AR

Hi Erica, I hope things are going well for you in real estate and you are having a great spring season.  If you get a chance come back and play in the rain.

Apr 15, 2013 11:27 PM