Fleming Island, FL

Fleming Island Florida Homes For Sale - Real Estate Market Conditions For February 2012

Currently there are 224 Fleming Island homes for sale. The same time last month there were 216 Fleming Island homes for sale. The average home price is $325,001 with a price range from $74,900 to $1,290,050.

There are 52 homes that are pending/under contract on Fleming Island.

In the the month of January there have been 9 homes that have sold and closed on Fleming Island. The average closed price of $199,543 with an average of 102 days on the market.

In 2011 there has been a total of 384 homes that have sold on Fleming Island with an average sold price of $240,577 with an average of 113 on the market.

Highest home sale YTD on Fleming Island was $500,000 and was on the market for 280 days.

Lowest home sale YTD on Fleming Island was $116,900 and was on the market for 25 day.

If you would like to know your homes value see link below to get a no obligation Comparative Market Analysis. If you are interested in homes for sale on Fleming Island or anywhere in the greater Jacksonville area click on link below to start searching the available homes. If you would like more information about the local market call Robert Schwabe at (904) 403-2429

Below is a map that you can use to to search homes for sale in Fleming Island Florida or even all ofNortheast Florida. Click on this map and it will bring you to my home search website.

All statistics are gathered from the North East Florida MLS

Information is deemed reliable, but is not guaranteed.

Copyright © 2012 Robert Schwabe - Fleming Island Florida Realtor® - Fleming Island Florida 32003 Homes For Sale - Real Estate Market Conditions February 2012

Eagle Harbor Market Report January 2012- Single Family Homes

84 Active Single Family Homes

147 Single Family Homes Sold 1/1/2011-1/31/2012

The absorption rate* for Eagle Harbor Single Family Homes is 6.9 months.

*This means that it will take 6.9 months for all the Active homes (84) to sell if no other homes come on the market.

This number is down from 7.3 months in September.

A balanced market is between 6-7months of inventory, so Eagle Harbor is entering a balanced market.

If we do not have many more distressed properties come on the market, then prices in Eagle Harbor will continue to stabilize.

Eagle Harbor is a golf community with 2800+ homes, everything from condos to waterfront homes, one of the best tennis programs in the area, three water parks and five day docks. There is a public boat ramp right by the community and RV/boat storage (based on availibility). Schools are all A-rated, with Fleming Island Elementary in the neighborhood. Clay County Soccer Fields are next to the School. Basketball, Volleyball, and Playgrounds throughout Eagle Harbor are just a few more of our amenities. Our full-time Activities Director plans wonderful activities for every age group. Shopping and restaurants are right outside our community - and we even have our own movie theatre on Fleming Island.

Eagle Harbor homes have held their value more than many other Jacksonville communities, and if the decline in inventory stays where it is, then prices will not only stabilize but may begin increasing again

Fleming Island Foreclosures and Short Sales Market Update

A buyer who wants to move here asked the average % list to sales price. Since they are coming in February, we updated this report. Here are the results, which we hope will be helpful to our readers.

What we found interesting is the average list to sales price of 96% for foreclosures and 94% for short sales, is actually a tighter ratio than that for all types of sales in the Jacksonville area, which is currently at 91% (still down from 94% a couple of months ago). This was reported to be 89% in the newspaper, but the stats for this area are 91%. the 89% was for the entire Jacksonville area.

Short Sales are selling for an average of 11% more than foreclosures in the Fleming Island market.

What these numbers tell us is that foreclosures and short sales are being priced close to market value, so Buyers should take notice that as a rule, properties are priced competitively and not to waste their time making wild low ball offers doomed for rejection.

Foreclosures

# Active Listings 7

# Sold Listings 55

Average List Price $187,927

Average Sold Price $180,413

Sale/List Price Ratio 96%

Average Approx. Heated Sq. Ft. 2,332

Average List $/Approx. Heated Sq. Ft. $78.69

Average Sold $/Approx. Heated Sq. Ft. $75.76

Average Days On Market 93

Average Continuing Days On Market 138 (all the Days On Market, including when a listing expires and renews with a new list number)

Short Sales

# Active Listings 69

# Sold Listings 82

Average List Price $233,355

Average Sold Price $219,533

Sale/List Price Ratio 94%

Average Approx. Heated Sq. Ft. 2,473

Average List Price $/Approx. Heated Sq. Ft. $90.10

Average Sold $/Approx. Heated Sq. Ft. $85.26

Average DOM 191

Average CDOM 236 (all the Days On Market, including when a listing expires and renews with a new list number)

Fleming Island Market Report Sales Year Over Year January 2011-2012

The Fleming Island area of Jacksonville Florida is experiencing a decrease in inventory this year, and an increase in sales in some categories, as compared to sales from the same period in January 2010-2011. Let's compare Single Family Home Sales and Townhouse Sales for the same time period between January 2010-2011 and January 2011-2012.

Single Family Homes

Sold 1/31/10-1/31/11

314 Sold Single Family Homes
46 Foreclosures
70 Short Sales

37% total distressed properties sold

What this means to a Buyer or Seller, is that over 35% of the time you were competing or comparing with a distressed property, either short sale or foreclosure. The chance that an appraiser would have to use a distressed sale was 37% of the time.

Townhouses Sold 1/31/10-1/31/11

58 Townhouses SOLD
9 Foreclosure
5 Short Sale

24% distressed properties sold

Single Family Homes Sold 1/31/11-1/31/12

340 Single Family Homes
54 Foreclosure
76 Short Sale

38% distressed properties sold

Townhouses Sold 1/31/11-1/31/12

40 Townhouses Sold
1 Foreclosure
6 Short Sale

18% distressed properties sold

What this means to a Buyer or Seller, is that over 38% of the time you are competing or comparing with a distressed property for single family homes, and 18% of the time for townhomes, either short sale or foreclosure. The chance that an appraiser will have to use a distressed sale is 38% for single family homes or 18% for townhomes of the time. It is interesting to note that this is reducde from 43% for single family homes and 21% for townhomes from the September 2011 report.

There is a 8% increase of single family home sales in 2012 versus the same time period in 2011. Inventories are down and the % of distressed properties sold is about the same for single family homes, but has reduced for distressed properties. Let's watch for a trend to see if prices are truly stabilizing in 2012.

If you are thinking of selling or buying on Fleming Island, please give us a call. We are ready to help with up to the minute information about Fleming Island homes for sale.

FLEMING ISLAND IN NORTHEAST FLORIDA 32003

Fleming Island is conveniently located south of I295, north of Green Cove Springs, and west of the St Johns River. The area is rich in history and natural resources. Fleming Island has experienced several growth spurts over the decades. Most notably, this occurred in the early 1990’s and again in the mid 2000’s. Approximately 10,000 property owners call Fleming Island home. ASHTON, BRIGHTON, EAGLE HARBOR,FLEMING ISLAND PLANTATION, PACE ISLAND, MARGARETS WALK, HARBOR ISLAND, HABERSHAM HARBOR,HIBERNIA OAKS, and HIBERNIA PLANTATION are all neighborhoods and communities within Fleming Island.

ACTIVITY STATISTICS FOR CURRENT DATE JANUARY 30, 2012 AND CLOSED PAST 30 DAYS

Fleming Island Florida 32003	ACTIVE LISTINGS	PENDING	CLOSED Past 30 days
AVERAGE PRICE	327,799	244,152	197,456
AVERAGE SQFT	2642	2610	2133
AVERAGE PRICE PER SQFT	121.12	91.15	88.67
DAYS ON MARKET AVERAGE	194	200	105
TOTAL LISTINGS PER CATAGORY	218	52	14

**All statistics are approximate and may be revised as additional data is available

ACTIVITY STATISTICS FOR CURRENT DATE JANUARY 12, 2012 AND CLOSED PAST 30 DAYS

Fleming Island Florida 32003	ACTIVE LISTINGS	PENDING	CLOSED Past 30 days
AVERAGE PRICE	324,665	236,897	217,265
AVERAGE SQFT	2615	2388	2309
AVERAGE PRICE PER SQFT	122.39	90.89	93.77
DAYS ON MARKET AVERAGE	193	195	145
TOTAL LISTINGS PER CATAGORY	213	47	23

**All statistics are approximate and may be revised as additional data is available.

ACTIVITY STATISTICS FOR December 30, 2011 AND CLOSED PAST 30 DAYS

Fleming Island Florida 32003	ACTIVE LISTINGS	PENDING	CLOSED Past 30 days
AVERAGE PRICE	333,530	228,949	210,743
AVERAGE SQFT	2650	2294	2218
AVERAGE PRICE PER SQFT	122.99	92.65	90.40
DAYS ON MARKET AVERAGE	198	174	217
TOTAL LISTINGS PER CATAGORY	223	47	21

For specific home sales information or free Market Analysis contact:

Ellen Dittman, Watson Realty Corp.

Reo.ellen@gmail.com

904 535 1199

Link to my newest Clay County listing!