July 2010 Real Estate Update - 32003

By
Real Estate Agent with The Landry Team-Keller Williams Realty

This Month in Real Estate - July 2010

June fared as a pretty good month for Fleming Island in 2010 as far as home sales go. We came out ahead of 2009 by nearly 10% reaching a total sales volume of $10.8M compared to just $9.7M in 2009. While home sales were up, it is largely in fact due to the great deals that are currently out there. The average sales price in June 2010 was a mere $245,000 down almost 10% from $267,000 last year at this time.

Although these price decrease may not be encouraging; it is far more stable then the year before. The average sales price in June of 2008 was an astounding $387,000! That means that between June 2008 and June of 2009 home sales prices in the Fleming Island are dropped approximately 30%!! With a drop of only 9.2% this past twelve months, we are showing signs of stabilization.

Posted by

The Landry Team - Orange Park Real Estate Specialist

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Rainmaker
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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Glad to see more and more of these positive reports.  It's too early to make predictions yet, but these reports are encouraging for sure.

July 20, 2010 03:21 PM #1
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Liz Landry

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