Here are the 2012 stats and 2011 for comparison -
- 4 Homes Sold (December=7)
- Lowest price: $125,000 (December =$69,000)
- Highest price: $380,000 (December =$620,000)
- Shortest Days on Market:6 (December =2)
- Longest Days on Market: 590 (December= 431)
- 4 homes sold (December =7)
- Lowest price: $169,900 (December =$193,000 )
- Highest price: $619,000 (December =$1,850,000)
- Shortest Days on Market: 0 (December 10)
- Longest Days on Market:192 (December =620)
Sales are down month over month, but flat 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, especially year over year. As I have noted before in market reports, the longest days on market is NOT the highest priced property, it’s typically the lowest, which started out too high for condition and market perception.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has 10.95 months of inventory (single family housing supply), which is not the highest figure of the year. Neptune Beach has 11 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 your equity position is in your current property.
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.