Friday, August 15, 2008

Here's the Latest Data on Local Real Estate Sales...and All Real Estate is Local!

All real estate is local - that's a fact! Don't worry about what you read in the national media. Don't even worry about what you read about the State of Florida. Just pay attention to what's happening in your backyard.

Here are the details from the latest Market Watch Report from the Northeast Florida Association of REALTORS® for 2Q 2008 property sales in Atlantic Beach, zip code 32233:

Avg Price Price Chg* # Sold# Sold Chg*Avg DOM% of Asking Price
$350,500 -29.89%4615.00% 14290.1%

*Compared to 2Q 2007

If you're interested, you may click on this link for the full Market Watch Report for Duval County for 2Q 2008, which includes the labor market, the overall housing market stats and detail for other zip codes in Duval County.

Atlantic Beach real estate sales seem to be kind of a good news/bad news story - the percentage change in the number of homes sold in Atlantic Beach is the only one in Duval County that increased, yet the percentage change in price, the number of days on the market and the percentage of asking price that homes in Atlantic Beach sold for is about average.

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