Jacksonville Beach, FL

If you are like anyone today, you believe there are fabulous deals in real estate, and all you have to do is FIND them.

Yes, Virginia, there are deals in real estate, especially if you have cash, and a terrific credit score.

Let's look at the online auction in Jacksonville, since so many buyers believe auctions are where the REAL deals are.

For the date of 6/9/09, there were a total of 40 auctions schedule on the online auction site:

www.duval.realforeclose.com.

Of these, 21 were canceled PRIOR to the auction, either by court order, the attorney, or the plaintiff. So, over 50% of the available auction properties were canceled. That's a fairly high percentage, and as you can imagine, if you had your eyes on one particular home that was canceled, you'd be frustrated.

When will that home be re-scheduled for auction, you ask? Good question - the plaintiff (owner) can petition the court for cancellations and continue to postpone the sale; not forever, but I have heard of some cases that have languished on for a very long time.

Many times, however, if there are bidders interested in a property for a "steal", it's good to keep in mind the bank has bidders themselves, to protect their interests. They may have lent $1,500,000 on the house, and they will not sell it for $500,000 - without at least trying to do so themselves. So remember, you are bidding against the bank.

If you are interested in purchasing a foreclosure, investment property, or first home, please contact me to help you navigate the process. I will help you find the homes that fit your needs, budget and financing.

Carol Zingone is a Broker Associate with living and working in Jacksonville Beach, FL with Prudential Network Realty. She 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

This data is from March & April 2009, and details an improving real estate market. Pairing this with the recent news that California has seen 3 months of increasing sales, and the picture starts to look much better than what the doom & gloom media have been saying.

Florida existing home sales rose in April for the eighth consecutive month. Here are city by city numbers fo single family homes:

City Percent increase April 08/April 09

• Tampa-St. Pete-Clearwater 11%
• Orlando 38%
• Fort Myers-Cape Coral 81%
• Jacksonville -5%
• Fort Lauderdale 33%
• West Palm Beach-Boca Raton 3%
• Sarasota-Bradenton -12%
• Daytona Beach 10%
• Melbourne-Titusville-Palm Bay 17%
• Miami 98%
• Fort Pierce-Port St. Lucie 26%
• Lakeland-Winter Haven 22%
• Pensacola 16%
• Punta Gorda 2%
• Fort Walton Beach 2%
• Ocala -8%
• Tallahassee -28%
• Gainesville -40%
• Panama City 11%

The majority of these cities have impressive year over year sales increases leading all involved to believe the state is reaching and may have well reached bottom, and inching up.

Now is the time to get moving in on the great pricing, and the fabulous homes for sale in Jacksonville, and use your $8K first time homebuyer tax credit. Contact me to get the process started!

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She 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

Moonlight Movies is back! The movie tonight, 6/5/09, is Sleepless in Seattle. The movie runs from 9-11pm and is shown at the Seawalk Pavilion.

Other upcoming movies are:

• 6/12/09 Harry Potter & Sorcerer's Stone
• 6/19/09 Indiana Jones & The Last Crusade

For more information, visit the offiicial Jacksonville Beach website here:

http://www.jacksonvillebeach.org/index.aspx?nid=209

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She 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 April 2009 stats and April 2008 for comparison -

2009

• 11 Homes Sold
• Lowest price: $145,000
• Highest price: $615,000
• Shortest Days on Market: 35
• Longest Days on Market: 280

2008

• 7 homes sold
• Lowest price: $180,000
• Highest price: $460,000
• Shortest Days on Market: 51
• Longest Days on Market: 171

The decrease in sales prices year to year reflects the trend we are seeing locally, regionally, and nationally on home prices. The number of homes sold year to year has increased, and is a solid 50%+ increase, which is fantastic. Days on market has decreased, confirming what active Realtors are seeing in the market: properly priced and presented properties are generating multiple offers.

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 buyer, call me so we can get the pre-approval process started.

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She 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

(Data is compiled from the Northeast Florida Association of Realtors Multiple Listing Service, and reflects Realtor sales. Sales not involving a Realtor are not included.)

Here are some beaches area statistics by zip code for Atlantic Beach, Jacksonville Beach, Neptune Beach. This compares year ago 2008 with current year 2009 activity.

Zip Code 32233 - Atlantic Beach

• Average Sales Price = $398,700 which is off by .48% from 2008 (not significant)
• Total Homes Sold = 34, which is 17% higher than 2008.
• Average Days On Market = 120
• List Price/Sold Price Index = 86.7%

Zip Code 32250 - Jacksonville Beach

• Average Sales Price = $294,200 which is 27.54% down from 2008
• Total Homes Sold = 48 which is 37% higher than 2008
• Average Days On Market = 105
• List Price/Sold Price Index = 93.9%

Zip Code 32266 - Neptune Beach

• Average Sales Price = $584,100 which is 113% higher than 2008
• Total Homes Sold = 11, which is 22% higher than 2008
• Average Days On Market = 130
• List Price/Sold Price Index = 97.2%

We can see there is good news here - ALL the beaches are are experiencing higher than a year ago sold activity. It's important to keep in mind the reduction in sales price can be re-captured on the buying side at this time as well - if you lose, in essence, $50K on your sale, you will make up at least, in essence, $50K on your new purchase.

The terrific news is that homes are selling, buyers are getting loans, and buying - now is the time to get moving if you have plans to buy, sell, or take advantage of the 1st time homebuyer tax credit!

Carol Zingone is a Broker Associate with a 100% Customer Satisfaction Rating in Jacksonville Beach, FL with Prudential Network Realty. She 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