Here are the 2011 stats and 2010 for comparison -
- 118 Homes Sold
- Lowest price: $28,500
- Highest price: $1,250,000
- Shortest Days on Market: 0
- Longest Days on Market: 804
- 103 homes sold
- Lowest price: $146,000
- Highest price: $1,000,000
- Shortest Days on Market: 1
- Longest Days on Market: 665
Ok, I’m not happy to see the lowest price home sold for less year over year, but I also know that particular home was a cash only purchase, small, as-is house, that has been on the market, off and on, for the better part of 4 or so years. I just checked the MLS history on that particular house, and it was first listed for $115K in 2007! I’m also not happy about the days on market, as both Atlantic & Neptune Beach had reduced days on market, and so far this year, Jacksonville Beach has too.
However, home sales themselves are up 15% year over year, and the highest price home sold is up 25% year over year, both positive indicators.
Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 8.12 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Jacksonville Beach has 6.50 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 price range you should list in, and to learn more about what sets myself and Prudential Network Realty apart from the competition. Our home sales in our Atlantic Beach office are up 26% comparing 2010 to 2009, so we know how to sell homes.
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 18,000 who do so – I can help salvage their credit, and their financial future.