Here are the 2012 stats and 2011 for comparison -
- 5 Homes Sold (January=4)
- Lowest price: $195,000 (January =$125,000)
- Highest price: $325,000 (January =$380,000)
- Shortest Days on Market:9 (January =6)
- Longest Days on Market: 167 (January = 590)
- 1 homes sold (January =4)
- Lowest price: $200,000 (January =$169,900 )
- Highest price: $200,000(January =$200,000)
- Shortest Days on Market: 90 (January =0)
- Longest Days on Market:90 (January =192)
Sales are up modestly (20%) down month over month, and significantly year over year. The fact that we only have one sold in 2011 skews the rest of the data set a wee bit, so rather than focusing on year over year increases, I’m going to point out the bright spots month over month.
Lowest sold price is up nicely; part of this has to do with Neptune Beach’s concentration of single family homes, townhomes, and duplexes; there are no condos at all in Neptune Beach which is different than Atlantic Beach to the north and Jacksonville Beach to the south.
Days on market is awesome; this really shows that sellers are motivated, and are pricing and presenting their homes competitively.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has 7.11 months of inventory (single family housing supply), which is the lowest figure in the past two years, and the lowest figure since July 2006! Neptune Beach has 7.67 months of inventory as I write this post.
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.