Neptune Beach, FL

Here are the 2011 stats and 2010 for comparison -

2011

• 7 Homes Sold (June=7)
• Lowest price: $155,000 (June=$160,000)
• Highest price: $1,380,000 (June=$1,500,000)
• Shortest Days on Market: 13 (June=13)
• Longest Days on Market: 399 (June=531)

2010

• 4 homes sold (June=10)
• Lowest price: $175,000 (June=$100,000)
• Highest price: $363,000 (June=$480,000)
• Shortest Days on Market: 3 (June=3)
• Longest Days on Market: 398 (May=243)

This is very consistent with the Jacksonville Beach home sales post I just wrote: there are so many great things about this post! Lowest sold home price is up basically flat year over year, and month over month, an indicator the market is stabilizing (a good thing) and days on market is up slightly year over year, but not significantly. Home sales themselves are up 75% year over year.

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.50 months of inventory (single family housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 7.86 months of inventory as I write this post, which is the lowest level since August 2009.

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.

Here are the 2011 stats and 2010 for comparison -

2011

• 31 Homes Sold
• Lowest price: $130,000
• Highest price: $1,500,000
• Shortest Days on Market: 0
• Longest Days on Market: 531

2010

• 35 homes sold
• Lowest price: $89,900
• Highest price: $480,000
• Shortest Days on Market: 0
• Longest Days on Market: 339

This is very consistent with what I have been posting on a monthly basis: the market is improving. Yes, sales are off about 10% year over year, but that is very negligible in our market at this time. The lowest price sold home increased 44% (I have seen this the past two months, but believe this is the largest jump percentage wise), indicating we are approaching greater market stability.

Neptune Beach is slightly smaller than Atlantic Beach to the north and Jacksonville Beach to the south, and has virtually zero condo inventory, which is one reason the lower end price point is higher than neighboring beach communities.

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 8.12 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 8.57 months of inventory as I write this post.

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.

Here are the 2011 stats and 2010 for comparison -

2011

• 7 Homes Sold (May=9)
• Lowest price: $160,000 (May=$130,000)
• Highest price: $1,500,000 (May=$637,500)
• Shortest Days on Market: 13 (May=9)
• Longest Days on Market: 531 (May=224)

2010

• 10 homes sold (May=7)
• Lowest price: $100,000 (May=$150,000 )
• Highest price: $480,000 (May=$298,900)
• Shortest Days on Market: 1 (May=3)
• Longest Days on Market: 243 (May=166)

This is very consistent with the Jacksonville Beach home sales post I just wrote: there are so many great things about this post! Lowest sold home price is up year over year, and month over month, an indicator the market is stabilizing (a good thing); days on market is up slightly year over year, but not significantly; and the highest home sold price is up, oh, just about $1 million!

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 8.50 months of inventory (single family housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 8.5 months of inventory as I write this post.

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.

Here are the 2011 stats and 2010 for comparison -

2011

• 9 Homes Sold (this is 3 more than April 2011)
• Lowest price: $130,000
• Highest price: $637,500
• Shortest Days on Market: 9
• Longest Days on Market: 224

2010

• 4 homes sold
• Lowest price: $150,000
• Highest price: $298,900
• Shortest Days on Market: 3
• Longest Days on Market: 166

Nice to have something positive to report for Neptune Beach: home sales are up 5 homes year over year, which is 125%! We have seen increases already this year in Jacksonville Beach is up 40% year over year, and Atlantic Beach is up 69% year over year. Neptune Beach is the smallest of the beaches, meaning less volatility in their homes sales.

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.56 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 7.89 months of inventory as I write this post.

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.

Here are the 2011 stats and 2010 for comparison -

2011

• 6 Homes Sold
• Lowest price: $147,500
• Highest price: $1,392,500
• Shortest Days on Market: 15
• Longest Days on Market: 363

2010

• 8 homes sold
• Lowest price: $185,000
• Highest price: $315,000
• Shortest Days on Market: 1
• Longest Days on Market: 220

This market report completely is not in line with the increase we are experiencing all over the market; year to year, sales are down 25% in Neptune Beach. Jacksonville Beach is up 40% year over year, and Atlantic Beach is up 69% year over year, making this an anomaly.

Neptune Beach, when compared to Jacksonville & Atlantic Beach, is substantially smaller, with more single family housing and typically higher prices than the other two communities.

Days on market has increased as well, which is another anomaly to me. However, this is a very microscopic view of the market; Neptune Beach would probably be better viewed in quarterly snapshots.

Properly priced and properly presented properties are STILL selling – currently, the Jacksonville area has about 9.28 months of inventory (housing supply), right now and homes can and do sell in very few days on market. Neptune Beach has 11.03 months of inventory as I write this post (which is also higher than Atlantic & Jacksonville Beach).

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.