We Realtors have been seeing it for the last few months but the numbers confirm it, Florida sales of existing homes and Condos have been on a steady increase since January of this year. Existing home sales increased 10 percent last month with a total of 15,036 homes sold statewide compared to 13,723 homes sold in September 2010.
I have personally been involved with 3 multiple offer situations in the last month and we are seeing our days on the market for well priced homes dropping. Foreclosures and distressed sales are still keeping our average sale prices down but with an increase in activity the prices will follow as our inventory dwindles. Condo sales are a large driving factor due to their affordability and investors and first time buyers are coming back to scoop up these bargains. In Florida’s year-to-year comparison for condos, 6,666 units sold statewide in September, a 10 percent gain over the 6,035 units sold in September 2010. The statewide existing condo median sales price last month was $87,200; a year earlier, it was $81,800 for a 7 percent increase.
Activity in the Atlantic Beach, Neptune Beach and Jacksonville Beach homes for sale are also on the rise.
If you would like any further information or market reports for the Jacksonville Florida area please contact me I will be glad to help.
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