About Duval County, FL

2009

• • 181 homes sold
• • Lowest price: $44,900
• • Highest price: $2,650,000
• • Shortest Days on Market: 0
• • Longest Days on Market: 1,247

2008

• • 139 homes sold
• • Lowest price: $40,000
• • Highest price: $4,200,000
• • Shortest Days on Market: 0
• • Longest Days on Market: 717

The low priced homes on the market actually increased year over year, by 10% - not a huge percentage, but positive price growth. The total listings sold during 2009 increased 30% year over year, a nice increase in local activity as well.

Are short sales and foreclosures a part of this picture? ABSOLUTELY! There is no way to avoid distressed properties, given that approximately 1 in 7 homeowners nationwide is in some stage of default. Sad to say, but true.

What can you take from this if you are a current seller, or about to be seller? Price it right from the beginning and present it right, and it will sell.

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.

And, if you are a 1st time homebuyer, act now, while interest rates are below 5%, and the $8K tax credit is still available – now is a smart time to buy!

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 future.

Carol Zingone is a Broker Associate with Prudential Network Realty. Recently honored as the Realtor of the Year for Northeast Florida – an award based on community service, professional qualifications and other attributes, Carol helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net.

Here are the January 2010 stats and 2009 for comparison -

2010

• • 10 Homes Sold
• • Lowest price: $48,900
• • Highest price: $1,560,000
• • Shortest Days on Market: 15
• • Longest Days on Market: 952 (yes, 952)

2009

• • 14 homes sold
• • Lowest price: $60,000
• • Highest price: $2,650,000
• • Shortest Days on Market: 23
• • Longest Days on Market: 376

Of Atlantic, Neptune & Jacksonville Beach, Atlantic Beach seems to have the most similar activity year to year. The longer days on market in 2010 is the highest priced property (not much of a surprise, however, properly priced and presented properties do sell more quickly), and that time frame is 143 days shy of 3 years on market. What is really interesting is the listing with SECOND most days on market was the LOWEST priced home that sold in January.

What can you take from this if you are a current seller, or about to be seller? Price it right from the beginning and present it right, and it will sell.

January is typically a slower month, however, I have to report my Atlantic Beach Prudential office beat our January goals for both listings and sales – so despite these numbers, activity IS UP across the board.

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.

And, if you are a 1st time homebuyer, act now, while interest rates are below 5%, and the $8K tax credit is still available – now is a smart time to buy!

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 future.

Carol Zingone is a Broker Associate with Prudential Network Realty. Recently honored as the Realtor of the Year for Northeast Florida – an award based on community service, professional qualifications and other attributes, Carol helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. She can be reached at 904/993-9048 or via email at carolzingone@clearwire.net.

Here are the January 2010 stats and 2009 for comparison -

2010

6 Homes Sold

Lowest price: $89,900

Highest price: $315,000

Shortest Days on Market: 7

Longest Days on Market: 113

2009

1homes sold

Lowest price: $2,000,000

Highest price: $2,000,000

Shortest Days on Market: 0

Longest Days on Market: 0

I know what you are thinking – there is no way only one house sold in January 2009! It’s true, only one house, although a hefty price tag, sold in January 2009. Here’s the good news from the Happy Realtor: sales of homes in terms of units is obviously up year to year.

January is typically a slower month, however, I have to report my Atlantic Beach Prudential office beat our January goals for both listings and sales – so despite these numbers, activity IS UP across the board.

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.

And, if you are a 1st time homebuyer, act now, while interest rates are below 5%, and the $8K tax credit is still available – now is a smart time to buy!

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 future.

Carol Zingone is a Broker Associate with Prudential Network Realty. Recently honored as the Realtor of the Year for Northeast Florida – an award based on community service, professional qualifications and other attributes, Carol helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. lShe can be reached at 904/993-9048 or via email at carolzingone@clearwire.net.

Here are the January 2010 stats and 2009 for comparison -

2010

• 7 Homes Sold
• Lowest price: $87,500
• Highest price: $450,000
• Shortest Days on Market: 2
• Longest Days on Market: 534

2009

• 13 homes sold
• Lowest price: $177,000
• Highest price: $1,500,000
• Shortest Days on Market: 12
• Longest Days on Market: 420

At first glance, there seems to be absolutely nothing positive about these numbers, but if you’ve read my blogs faithfully (which I know you ALL do!), you know I am an optimistic Realtor. For example, the days on market on the short side is considerably tighter this year than last – which lends itself to the reality we are a more realistically priced market now.

January is typically a slower month, however, I have to report my Atlantic Beach Prudential office beat our January goals for both listings and sales – so despite these numbers, activity IS UP across the board.

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.

And, if you are a 1st time homebuyer, act now, while interest rates are below 5%, and the $8K tax credit is still available – now is a smart time to buy!

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 future.

Carol Zingone is a Broker Associate with Prudential Network Realty. Recently honored as the Realtor of the Year for Northeast Florida – an award based on community service, professional qualifications and other attributes, Carol helps buyers and sellers throughout the Beaches, Intracoastal West and Greater Jacksonville, FL areas. lShe can be reached at 904/993-9048 or via email at carolzingone@clearwire.net.

You Be the Judge: Should This Real Estate Agent Be Paid?

The Case Before the Court:

A “For Sale By Owner” seller spent time and money advertising his property, holding

open houses, and doing everything he could think of to attract a buyer to his property. Several area real estate agents stopped by and asked him if he would co-op. Knowing that the customary co-op rate in the area was 3%, the seller replied that he would pay the Realtors 3% if they brought him a buyer.

Realizing that he could increase his chances of selling his home faster with some professional help, he put that he would co-op with real estate agents on his flyers and in his ads at 3%.

Eventually, at an open house, the seller shows the home to someone driving by and ends up selling the home all by himself. Several days later, a real estate agent shows up at his door and demands the 3% commission since he had been working with that prospect for some time.

Now then, the question before the court:

Should the For Sale By Owner seller pay the real estate agent?