Neptune Beach, FL October 2011 Homes Sold

Here are the 2011 stats and 2010 for comparison -

2011

• 2 Homes Sold (September=3)
• Lowest price: $139,000 (September =$270,000)
• Highest price: $265,000 (September =$440,000)
• Shortest Days on Market: 13 (September =29)
• Longest Days on Market: 44 (September =428)

2010

3 homes sold (September =4)

• Lowest price: $59,900 (September =$81,700 )
• Highest price: $525,000 (September =$589,000)
• Shortest Days on Market: 16 (September =8)
• Longest Days on Market:1002 (September =170)

Sales are down 66% month over month, which is exactly what we saw in the September report. This is very similar with the decreases we are seeing across the area as we head out of the busy summer buying & selling season. Lowest sold home price is up a nice amount, (year over year) part of which is due to Neptune Beach being the smallest of the beaches communities and being a bit more stable than the other beaches. Days on market are down considerably, both month over month and year over year, which is an excellent sign of a stabilizing market.

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has 9.70 months of inventory (single family housing supply), which is up a bit over the past few months, but not the highest figure of the year. Neptune Beach has 24.5 months of inventory as I write this post, which is the highest level since February 2011 This is really due to the decrease in sales, and most likely nothing more than that (as in, don’t worry).

You can see September's report here.

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.