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Showing posts from November 27, 2011

Jacksonville Beaches area real estate market update

As they say, "the numbers don't lie".  The Beaches area markets are all over the place! Without giving out TMI (too much information), I'll give you the hightlights and the lowlights of the Beaches market. I'll give you the condensed version. Jacksonville Beach has fewer listings than it did in Oct 2010 (-31.7%) but the median sales price price was up 9.1% ($232,300.00) over October 2010.  Year to Date in Jax Beach median sale price is up only 1.4%.  BUT---the key word here is UP! Inventory is down 24.3% from the same time last year. We are down to a 7 month supply of inventory in Jacksonville Beach. That's a GREAT thing! Neptune Beach took a huge hit on the median sales price. It was down a whopping        -59.7% compared to October of 2010. Year to date numbers are a whole lot better -  up 16.7% to $280,000.  The median sales price in October 2010 was $501,500 and this year the median sales price was $202,000.  WOW!!  There are 8 months of inventor