Jacksonville, FL Weekly Real Estate Market Update – Week Ending Feb. 7th, 2010

Market Update - Wk. Ending 2/7/2010
Market Update - Wk. Ending 2/7/2010

Good Morning Everyone — Hope you enjoyed the SuperBowl last night! It was a great game — with some great ads!

I especially liked the BudLight commercial where the survivors of a plane crash rejoiced more when they found the beverage cart full of BudLight than when they found the radio from the plane that would allow them to call for help!

The market report for the week shows only a few more listings this week than last (18 vs. 15), double the number of pending sales and one more closed sale than last week. These are good stats for the first week in February. There were also a ton more price reductions. Sellers are making sure to position themselves for what most believe to be a much more robust spring than last year.

My Highlight of the week, is a house on Riverside Avenue that’s been reduced from $699K to $625K – a whopping $74,000 dollar reduction. Unfortunately, the price reduction put the┬áproperty into short sale position (the asking price is less than what the sellers owe on it). The house has a great vibe to it with a spectacularly renovated kitchen and master bathroom. It’s a big house on a big lot with plenty of room to play. Take a look here and let me know if you’d like to go see this one.

To see the full list of New Listings, Click Here.
To see the list of Pending Sales, Click Here.

To see the list of Closed Sales, Click Here.
To See the List of Price Reductions, Click Here.

Thanks for reading, please join me next time for the latest real estate news in the neighborhoods of Avondale, Ortega and Riverside in Jacksonville, FL!

Leave a Reply

Your email address will not be published. Required fields are marked *