Jacksonville Real Estate Ramblings

Clay County Florida Market Report

February 2012

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

February 2012              February 2011

Active Listings: 1,203          Active Listings: 1,550

Sold: 130                           Sold: 168

Months Inventory: 9.25       Months Inventory: 9.23

Average Price: 349,084       Average Price: 413,717

No earth shattering stats here for Clay County, even compared to last February 2011 and January 2012, things have either stayed pretty much the same or slightly down in regards to average price. Less inventory in February and with March being the start to our busy real estate season and low interest rates, we should start to see more homes in Clay County being sold in the coming months.

And now for a Blast in the Past…………..

February 2011

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

January 2012

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

January 2012              January 2011

Active Listings: 1,181           Active Listings: 1,574

Sold: 121                            Sold: 117

Months Inventory: 9.76       Months Inventory: 13.45

Average Price: 380,029      Average Price: 413,149

For January 2012, Clay County didn't see the same positive improvements as Jacksonville did, but still more positive than in January 2011 as far as inventory levels. I was showing a house in Clay County  the other day, and it was bought in April of 2011 for 198k and is now on the market, under contract, with a list price of 214k. Until it's sold, we won't know the exact amount it was sold for, but let's just assume it's at 214k. This home is NOT a short sale or distressed, because the owners paid cash. (Of course we don't know what is going on in their life to sell it so quick) Just think, in our current market, they will end up making 16k. We haven't seen that happen as often in the past 4 or 5 years. It will be nice to get back to a normal market, where shorts sales and foreclosures are not so prevalent.

And now for a Blast in the Past…………..

January 2011

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

                 Clay County Florida Market Report    

December 2011

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

December 2011                   December 2010

Active Listings: 1,212           Active Listings: 1,632

Sold: 171                             Sold: 229

Months Inventory: 7.09       Months Inventory: 7.13

Average Price:  300,930     Average Price: 408,260

December is typically the month to try to get all the closings in as possible to end the year good, get the properties off of the banks books and for buyers to close in time to meet the Homestead exemption deadline. Although December 2010 had a higher inventory level, more homes sold that month compared to December 2011. December still outperforms November 2011 slightly in the inventory level and sold homes, but not in the average price category. Stay tuned for the complete Clay County Market Report for the year 2011 and 2010 to hit a blog near you. Yep, you got it, this blog! :)

December 2011

And now for a Blast in the Past…………..

December 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

 November 2011

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

November 2011                   November 2010

Active Listings: 1,268           Active Listings: 1,734

Sold: 156                             Sold: 141

Months Inventory: 8.12       Months Inventory: 12.30

Average Price:  352,763     Average Price: 362,850

We're seeing slight improvements from October 2011, to November 2011. 19 more homes sold in Clay County Florida this month than last month. It's great to see how we are selling more and that our active listings are down from last year in November. We're still experiencing a buyer's market, but homes are still selling when price correctly.

November 2011

And now for a Blast in the Past…………..

November 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

 October 2011

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

October 2011                    October 2010

Active Listings: 1,274         Active Listings: 1,778

Sold: 137                            Sold: 156

Months Inventory: 9.30       Months Inventory: 11.40

The months Inventory for October has crept up from September 2011 by a few months. The inventory level dropped slightly, but what caused the increase in the months inventory, was the total homes sold was about 54 homes less than last month. No need to worry, this is the time of year where the total homes sold are less due to the holiday seasons. Still, you'll notice an improvement over last year in October.

And now for a Blast in the Past…………..

October 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

 September 2011

Single Family homes in: 

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

September 2011                        September 2010

Active Listings: 1,281                 Active Listings: 1,805

Sold: 191                                    Sold: 169

Months Inventory: 6.71               Months Inventory:10.68

Welcome back to an action packed month of real estate stats for Clay County Florida! I know, crazy real estate agent for sure. :) Lots of positive things happening last month. The market in Clay County is beating on the door of a balanced market. A little slip back for the months inventory this month versus August 2011, but the past few months have shown us inching closer to the 6 month level. The holiday season is approaching us, so we normally see a slow down this time a year, but the buyers who are out looking closer to the holidays are usually very serious buyers!

 September 2011

And now for a Blast in the Past…………..

September 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales.

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

 August 2011

Single Family homes in:

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

August 2011                              August 2010

Active Listings: 1,345                 Active Listings: 1,797

Sold: 212                                    Sold: 171

Months Inventory:                       6.34 Months Inventory: 10.51

Again, we see more improvement from July 2011. Not a huge improvement, like we see from August 2010, but an improvement none the less. With 90 foreclosures and shorts sales that sold in August 2011, they account for 42.45% of the total homes sold. A little more than half of the homes sold, were non-distressed homes. There was a total of 344 homes of the 1,345 active listings that were distressed properties, which is 25.58%. That was 1,001 non foreclosures and non short sale homes for buyers to choose from!

August 2011

 And now for a Blast in the Past…………..

August 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales.

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

July 2011

Single Family homes in:

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

July 2011

Active Listings: 1,356

Sold: 207

Months Inventory:  6.55

July 2010

Active Listings: 1,787

Sold: 149

Months Inventory: 11.99

Check out the months inventory above, for July 2011, it's at 6.55 months. This is the absorption rate, meaning that based on the active listings, which is 1,356 and on the sold homes, which is 207, it would take 6.55 months to sell those houses at the current inventory level (active listings). If the current inventory level exceeds 6 months or more, then it's considered a buyers market. 5-6 months, is a normal or balanced market. All positive news for the local real estate market in Clay County and for our economy.

July 2011

 And now for a Blast in the Past…………..

July 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales.

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report

 June 2011

Single Family homes in:

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

June 2011

Active Listings: 1402

Sold: 200

Months Inventory: 7.01

June 2010

Active Listings: 1768

Sold: 232

Months Inventory: 7.62

Gotta love the summer time, vacations, beach outings, lots of outdoor play and people looking to buy a home and get settled before school starts. Decreased inventory and increased sold homes from May 2011, and the beginning of the year for that matter, give the real estate market in Clay County some positive news.   

June 2011

And now for a Blast in the Past…………..

June 2010

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales.

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Clay County Florida Market Report 

 
 May 2011

Single Family homes in:

· Fleming Island

· Orange Park

· Middleburg

· Green Cove Springs

Can't complain when you see the months inventory shrink from last year and April 2011! I know what you're thinking, where did the average sale price go? I took it off, because the numbers added together are just way too deceiving than each individual price range. The higher price ranges just knock it out of whack.  The other questions is, when are these prices in Clay County going up? Good question! The answer is, it's hard to say yet. The inventory levels continuing to decrease is a foot in the right direction though. The bottom is not here just yet!

May 2011

Active Listings: 1467

Sold: 193

Months Inventory:  7.60

May 2010

Active Listings: 1761

Sold: 200

Months Inventory: 8.81

 May 2011

 And now for a Blast in the Past…………..

May 2010

Want to know what these numbers mean to you when selling your Clay County Florida Home? Call me at 904-910-3516 and find out!

Active Listings– The amount of active listings in the month reported

Sold– The amount of sold listings that closed in the reported month.

Months Inventory– How many months it would take to sell the current inventory based on the sold amount.

Avg Sale Price– Average sale price of the sold houses in the reported month.

SP/OLP Ratio– Sales price to Original List Price, this is the percentage showing the difference of what the house was originally listed for and what it sold for.

Days on the Market– The length of time it took the house to get under contract from list date.

Sold REO– How many homes sold that were foreclosures (REO=Real Estate Owned). 

Sold Short Sales– How many homes sold, that were short sales.