Clay County Florida Market Report
Single Family homes in:
· Fleming Island
· Orange Park
· 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…………..
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!