Here are the 2011 stats and 2010 for comparison -
2011
- 16 Homes Sold (up 4 from September, or 25%)
- Lowest price: $125,000 (September=$83,900)
- Highest price: $570,000 (September=$374,000)
- Shortest Days on Market:6 (September=0)
- Longest Days on Market: 511 (September=299)
2010
- 15 homes sold (September=21)
- Lowest price: $69,900 (September =$92,500)
- Highest price: $480,000 (September =$975,000)
- Shortest Days on Market: 0 (September =7)
- Longest Days on Market: 185 (September =732)
This is what I wish the local media would focus on: Sales are up 25% month over month, flat year over year. The lowest price home sold is up very nicely month over month, and significantly up year over year. Days on market (total time from new listing to closing table) is flat on the short side; I cannot explain just yet what the bump in the long days on market is. I would not focus too much on the high priced end of the market being a ping pong ball; those higher priced listings take longer to sell, and have fewer buyers to start with. While I typically do not focus on prices per se (total homes sold are a better indicator of market health) the increase on the lower price point is nice to see.
The great thing about Jacksonville Beach, however, when compared to Atlantic & Neptune Beach is that we are the largest of the beaches communities, with more public parking than our northern neighbors. You can visit the Jacksonville Beach website to see our upcoming calendar of events.
Here is the link to the September Market Report.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.70 months of inventory (single family homes only housing supply), right now and homes can and do sell in very few days on market. Jacksonville Beach just crept back up to 9.63 months of inventory, one of the highest we have had since February 2011; our sales this month are a contributing factor as our new listings has remained fairly constant at about 30 or so per month. A normal, balance market is about 6 months of inventory, so you can see we here in Jacksonville Beach are approaching a balanced market.
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 16% this year so far, 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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