Here are the 2011 stats and 2010 for comparison -
- 7 Homes Sold (November=6)
- Lowest price: $69,000 (November =$168,000)
- Highest price: $620,000 (November =$445,000)
- Shortest Days on Market:2 (November =18)
- Longest Days on Market: 431 (November 811)
- 7 homes sold (November =7)
- Lowest price: $193,000 (November =$59,900 )
- Highest price: $1,850,000 (November =$1,335,000)
- Shortest Days on Market: 10 (November =3)
- Longest Days on Market:620 (November =408)
Sales are flat month over month, as well as year over year. Pricing looks like a ping pong ball, mainly due to Neptune Beach being the smallest of the beaches communities, and having greater pricing stability. Days on market reflects slight improvement at the lower price point. And, being the smallest community, there is obviously less oceanfront inventory.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has 7.75 months of inventory (single family housing supply), which is not the highest figure of the year. Neptune Beach has 6.57 (down from 24.5 in October 2011) months of inventory as I write this post. This is really due to the decrease in sales, and most likely nothing more than that (as in, don’t worry).
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.