Here are the 2012 stats and 2011 for comparison -
- 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)
- 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.