Jacksonville Jacksonville Market StatsMarket Stats

October 2009October 2009All Information obtained from Northeast All Information obtained from Northeast

Florida Association of Realtors MLS Florida Association of Realtors MLS 3/06/093/06/09

Year over Year Comparison Year over Year Comparison October 2008-2009October 2008-2009

All Residential AreasAll Residential Areas OctoberOctober 2008 2008 OctoberOctober 2009 2009 Increase/DecreaseIncrease/Decrease

New Listings New Listings 25652565 25312531 -1%-1%

Sold ListingsSold Listings 937937 12031203 28%28%

Months of InventoryMonths of Inventory 15.8215.82 10.3710.37 -35%-35%

Total Inventory Total Inventory 14,82514,825 12,47712,477 -16%-16%

Average Sale Price Average Sale Price 210,053210,053 180,876180,876 -14%-14%

Sold Days on MarketSold Days on Market 110110 118118 7%7%

List Price to Sale PriceList Price to Sale Price 93.693.6 94.794.7 0.011%0.011%

What does it all mean…What does it all mean… The past three months have been the best months of 2009. The fear The past three months have been the best months of 2009. The fear

of losing the tax credit helped propel buyers to buy a home before of losing the tax credit helped propel buyers to buy a home before the deadline. Fear of loss is a big motivator. Now that the tax credit the deadline. Fear of loss is a big motivator. Now that the tax credit has been has been expandedexpanded and and extendedextended into 2010, activity has dropped. into 2010, activity has dropped. Expect activity to pick up in the first quarter of next year as buyers Expect activity to pick up in the first quarter of next year as buyers once again will face the fear of losing the $8,000 credit if they are once again will face the fear of losing the $8,000 credit if they are not under contract by April 30th.not under contract by April 30th.

  The program was also expanded to include a $6,500 credit for The program was also expanded to include a $6,500 credit for existing homeowners who buy a new primary residence after living existing homeowners who buy a new primary residence after living in their current residence for at least five years. The income limits in their current residence for at least five years. The income limits have also been expanded. I’ve attached a chart to help you better have also been expanded. I’ve attached a chart to help you better understand what these changes mean. Please don’t hesitate to understand what these changes mean. Please don’t hesitate to contact me with any questions.contact me with any questions.

  According to the 3rd Quarter Market Watch report, Duval county According to the 3rd Quarter Market Watch report, Duval county now has 11.3% unemployment. Employment is the biggest factor now has 11.3% unemployment. Employment is the biggest factor in the housing market staging a comeback.in the housing market staging a comeback.

  The zip codes with the highest average sale price in Duval Count are The zip codes with the highest average sale price in Duval Count are 32266 Neptune Beach, 32250 Jacksonville Beach, 32266 Atlantic 32266 Neptune Beach, 32250 Jacksonville Beach, 32266 Atlantic Beach, 32224 Intracoastal, and 32256 Southside/Baymeadows.Beach, 32224 Intracoastal, and 32256 Southside/Baymeadows.

  

If you’re a sellerIf you’re a seller Condition and Pricing are the key Condition and Pricing are the key Price your property “In the market” Price your property “In the market”

not “On the market” (out of the not “On the market” (out of the market) Consider new Fannie market) Consider new Fannie Mae/Freddie Mac Appraisal Mae/Freddie Mac Appraisal Guidelines for Market TrendsGuidelines for Market Trends

Graph Provided by “Shift”, by Gary Keller

If you’re a seller part 2If you’re a seller part 2 Condition: It needs to show like a Condition: It needs to show like a

model and be ready 24/7 Staged model and be ready 24/7 Staged Homes Sell FASTER (33%)!Homes Sell FASTER (33%)!

Graph Provided by “Shift”, by Gary Keller

If you’re a buyerIf you’re a buyer Get familiar with the inventory, know a good buy Get familiar with the inventory, know a good buy

when you see one.when you see one. Ask me about “insider information” from a new Ask me about “insider information” from a new

Multiple Listing Service (REALTOR only) linked Multiple Listing Service (REALTOR only) linked software I can grant you access to! Search for software I can grant you access to! Search for properties like an agent 24/7! Sign up on my website properties like an agent 24/7! Sign up on my website FREE FREE www.thehetmanhometeam.comwww.thehetmanhometeam.com under search under search like an agent.like an agent.

Don’t be afraid to buy! Financing options and Don’t be afraid to buy! Financing options and inventory have never been more appealing. This is a inventory have never been more appealing. This is a move-up market.move-up market.

If you’re buying and selling know you will make up a If you’re buying and selling know you will make up a loss on the selling of your home on the new purchase.loss on the selling of your home on the new purchase.

Rosie Hetman, Realtor®Broker-Associate

904.591.2709 904.446.4007

Watson Realty Corp., REALTORS®

4500 Hodges Blvd.Jacksonville, FL 32224

Rosie Has Over 12 Years Experience in the Real Estate Field and has been a top agent with Watson since joining in 1999. She has been honored as the top team in Watson Realty Corp from 2006 to present. She is in the top 3% of agents nationwide.She is a Hands on Jacksonville Volunteer Project Leader for the Ambassadors of the Earth.