Jacksonville Beach, FL January 2012 Homes Sold Report

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920

 

 

Here are the 2012 stats and 2011 for comparison -

 

2012

 

  • 8 Homes Sold (December=27)  
  • Lowest price: $85,000 (December =$88,900)
  • Highest price: $575,000 (December =$835,000)
  • Shortest Days on Market:9 (December=6)
  • Longest Days on Market: 244 (December =554)

  Jacksonville Beach Sunrise

 
 

 

2011

 

  • 14 homes sold (December =17)
  • Lowest price: $51,500(December =$80,000)
  • Highest price: $1,250,000 (December =$575,000 )
  • Shortest Days on Market: 5 (December =8)
  • Longest Days on Market: 764 (December =502)

 Ok, not what I was expecting to see after the past few months of positive indicators.  Sales are down both month over month (and a big drop at that) and year over year (not insignificant).  Not sure what is driving this, as we’ve been seeing double digit in closed sales for the past few months. This could be a temporary setback, also. After looking at the last two years of data, this is the lowest month of closed inventory since January 2010. I’ll have to keep an eye on this and see if it’s a trend or a stumble.

 Lower priced listings are flat year over year, and month over month, and days on market are declining (a good decline in this case!).  The higher priced part of the market I don’t focus on as much, and here is why: These listings represent a smaller portion of the overall market, and in many cases, require jumbo loans, which makes them horses of a different color.

 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, making for easier beach access, and the largest entertainment district. 

 Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 10.95 months of inventory (single family homes only)right now and homes can and do sell in very few days on market.  Jacksonville Beach is currently at 15.75 months of homes for sale.

 If you are ready to list your home, please call me for a comparable market analysis to see what your current equity position is in your home.

 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 35,000 who do so – I can help salvage their credit, and their financial future.

 

Posted by

Carol Zingone is a full service Broker Associate proudly affiliated with Berkshire Hathaway HomeServices Florida Network Realty in Atlantic Beach, FL.  I help buyers and sellers locally, regionally, and internationally.  With hundreds of happy buyers and sellers over the course of my career, I'm thrilled to help first time buyers, military buyers, seniors, investors, 1031 exchange properties, short sales and REO's.  I have spent hours honing my expertise, including the designations of: Graduate Realtor Institute (GRI), Loss Mitigation Certification (LMC) , Short Sales, Foreclosures, REO's, (SFR), and Senior Real Estate Specialist (SRES).  I pride myself on providing excellent expertise to all buyers and sellers. Search the MLS via www.carolzingone.com  for Jacksonville and area listings!

 

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Topic:
Home Buying
Location:
Florida Duval County Jacksonville Beach
Groups:
Prudential Network
Florida Real Estate Market Reports
City and State
Local Expert
Market Reports
Tags:
foreclosures
homes sold
short sales
atlantic beach
jacksonville beach
neptune beach

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Rainmaker
1,132,994
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Carol - Great, local real estate market report.  You've given buyers and sellers a lot of good information to use.   Nicely done!

Feb 19, 2012 08:33 AM #1
Rainmaker
1,729,603
Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Carol ...I love the photo you put with your market reports ....2012 will be a great year!

Feb 19, 2012 07:04 PM #2
Rainmaker
3,064,658
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Ms. Carol~I guess we are just blessed here the market is up and rolling.  The reports for the rest of the year looks good.  I'll cross my fingers for you.

Feb 19, 2012 07:33 PM #3
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Rainmaker
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Carol Zingone

Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
Questions About FL, Beaches Homes? Ask Me!
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