Jacksonville Beaches Real Estate

Overall home values in Northeast Florida fell 11.6 percent in 2008, according to the latest data from Zillow.com. Median home sale values fell to $163,800, compared to the market peak of more than $210,000 in mid-2006, with nearly 30 percent of all homes selling at a loss . Single-family home values fell 11.2 percent, while condo values fell 17.3 percent. Nationwide, home values fell for the eighth consecutive quarter, declining 11.6 percent to $192,119. That means homeowners lost a cumulative $3.3 trillion in home values during 2008, with $1.4 trillion of it coming in the fourth quarter. It could be worse! We could be in South Florida where the value dropped 23.5% in 2008. Condo prices dropped 23.9%. It's been reported that more than 34.5% of those homes sold at a loss. Obama had better do SOMETHING to stimulate the building industry, free up mortgage money and make credit available to buyers or we are going to be in VERY SERIOUS condition in a very short time! Let's not sp...

Wow! This is a powerful post and I thought it was worth sharing. Original Post Via Danilo Bogdanovic-Real Estate Consultant -Loudoun and Fairfax County: Not all sellers understand that their asking price is the ultimate determination of whether they will sell their property or not. Not only does the asking price affect if you'll sell, but when and for how much. The longer it takes you to get to the correct fair market value asking price, the greater your Days On Market are and the more of a negative stigma buyers will have of your property. This can translate into lower offers and ultimately, a lower selling price. Sure, how well your agent markets the property matters. But even the best agent in the world can't fool today's buyer and a good buyer's agent. Today's buyer has access to way too much information and data to overpay for a property. And a good buyer's agent will provide comps and their personal expertise to even the most uniformed buyer so that they ...

You can find great local Jacksonville, Florida real estate information on Localism.com Ronda Densford, REALTOR is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.