Thursday, December 15, 2011

Jacksonville Beaches area real estate market update

Jacksonville Beach FL numbers are in for November. Let's take a look at the scoop.

The average median sales price of Lender Mediated (short sales, foreclosures and REO's) homes was $204,750.  The average sales price was $237,402. The median sales price of Traditional Sales was $245,000.This is an increase of 30.7%. The average sales price of Traditional sales was $349,883.  This is up nearly 23%.

November Days on Market is down 17% and the inventory of available homes is down a whopping 26.1%. Jacksonville Beach is down to a 7 month supply of homes. This is very close to what is considered a "normal market". Closed sales were up 18% in November.

It appears that Jacksonville Beach is on the road to recovery. Inventory is down and prices are up!!! It looks like things are headed in the right direction for this market. Let's see if the trend continues.

If you were waiting for "the bottom". We may be there. Don't wait. Interest rates remain low and prices are beginning to rise. Don't sit on the fence too long! Call me today.

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