Jacksonville, FL Foreclosed Homes

By
Real Estate Agent with Berkshire Hathaway Home Services Florida Network Realty BK 3030920
https://activerain.com/droplet/vfb

We all "hear" the market is going to turn around (it already is), and the media will then present some doom & gloom factoids about the continually falling prices (some are more accurate than others).

It's important to remember that real estate is local. So, national numbers aren't as accurate as local numbers.

That being stated, here is a market snapshot of Jacksonville, FL single family home foreclosures, and a two year trend line. As you can see, the highest month in the past two years for foreclosed listings was September 2010.

If you are interested in purchasing a foreclosure, it's best to be prepared with the following: cash (preferred in many cases), proof of funds to submit with offer, ability to inspect property quickly & arrange for utilities to be on during inspection, and the ability to move quickly, as many of these homes don't last very long.

 

 

Month/Year Months Inventory Active Listings New Listings Sold Listings
Feb-10 5.83 501 203 86
Mar-10 3.64 571 295 157
Apr-10 4.74 692 345 146
May-10 6.48 907 351 140
Jun-10 9.5 1168 513 123
Jul-10 8.64 1452 552 168
Aug-10 3.61 1528 586 423
Sep-10 3.62 1602 458 443
Oct-10 5.53 1583 393 286
Nov-10 5.5 1551 376 282
Dec-10 3.31 1555 546 470
Jan-11 4.17 1490 435 357
Feb-11 3.35 1367 327 408
Mar-11 2.39 1181 371 495
Apr-11 2.47 1069 296 432
May-11 2.44 929 273 380
Jun-11 2.14 805 280 376
Jul-11 2.38 713 264 300
Aug-11 2.44 726 316 297
Sep-11 2.6 686 295 264
Oct-11 2.78 658 295 237
Nov-11 2.68 673 290 251
Dec-11 2.17 665 281 307
Jan-12 2.87 602 277 210
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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Rainmaker
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Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Nice foreclosure market report Carol, good to see the months of inventory decreased.

Feb 27, 2012 10:09 PM #1
Rainmaker
925,522
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Carol this chart seems to indicate that foreclosure homes inventory is getting smaller every month. I guess the experts who predicted that the foreclosure market would continue to grow were wrong again. Or maybe Jacksonville real estate is a lot stronger than most people espect.

Feb 28, 2012 12:06 AM #2
Rainmaker
4,231,706
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Carol, I am hoping this list today is much smaller!    With the economy and housing improving, these foreclosure lists have diminished and glad to see it turning around!

Jan 29, 2013 10:21 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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