Jacksonville Beach, FL November 2011 Homes Sold

Here are the 2011 stats and 2010 for comparison -

2011

• 16 Homes Sold (even with October)
• Lowest price: $72,000 (October =$125,000)
• Highest price: $645,000 (October =$570,000)
• Shortest Days on Market:8 (October =6)
• Longest Days on Market: 215 (October =511)

2010

• 18 homes sold (October=15)
• Lowest price: $90,000(October =$69,900)
• Highest price: $2,415,000 (October =$480,000 )
• Shortest Days on Market: 3 (October =0)
• Longest Days on Market: 502 (October =215)

This is what I wish the local media would focus on: Sales are flat (or stable) month over month, and down a modest 11%% year over year. Days on market (total time from new listing to closing table) is essentially flat on the short side; I am happy to see the long side of days on market come down year over year. These are all the indicators that our local real estate market is on the upswing.

The great thing about Jacksonville Beach, however, when compared to Atlantic & Neptune Beach is that we are the largest of the beaches communities, with more public parking than our northern neighbors. You can visit the Jacksonville Beach website to see our upcoming calendar of events. Jacksonville Beach has the largest entertainment area at the beaches, with something for everybody to enjoy!

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.68 months of inventory (single family homes only housing supply), right now and homes can and do sell in very few days on market. Jacksonville Beach is currently at 9.38 months of inventory. A normal, balance market is about 6 months of inventory, so you can see we here in Jacksonville Beach are approaching a balanced market.

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 16% this year so far, 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.