Monday Morning Market Update – Week Ending Dec. 6th, 2009

graph week ending dec 6th 2009Wow – It’s already Thursday – Sorry to be so late with this week’s update! People must be getting ready for Christmas because all’s quiet on the Western Front. There were 12 new listings but 3 of those were “re-lists”. None of them jump out at me as ones that I feel deserve special attention.
New Listings:    12
Active/Contingent:    0
Pending Sales:        4
Closed Sales:      3
Price Reductions:       8

The most notable closing this week was a condo at the high end condo building – Villa Riva in Riverside. Unit # 1003 (MLS # 490760) closed for $761K and it was a cash purchase. The unit was a 3br/3ba with 2,725 square feet and the list price was $850K. The selling price was $279 per square foot and did not include a private garage.

There was another closing in Ortega as well. A little brick bungalow that the seller paid $342,500 for in 2006 closed for $290K. It had 3br,2ba and about 1,662 square feet. The selling price netted about $174 per square foot. The house had a very large backyard and is withing walking distance of a great park and St. Mark’s Church and School. The MLS # was 492336.

Thanks for reading — please join me for my next market update in the Avondale, Ortega and Riverside neighborhoods of Jacksonville, FL.