Home sales up in Florida, Prices Down

While sales of existing homes in Florida rose for the sixth month in a row, prices remained significantly depressed.

Existing home sales in the Sunshine State rose 20 percent, with 9,858 homes sold statewide, up from 8,181 homes sold during the same month last year, according to the latest housing data from the Florida Association of Realtors.

The sale of existing condos was up 15 percent last month to 3,198 from 2,785 units sold in February 2008. February condo sales were up 25.1 percent over the total units sold in January.

The statewide existing condo median sales price last month was $109,300, down 37 percent from last February, when the median sales price was $173,900.

Thirteen of Florida’s metropolitan statistical areas reported increased existing-home sales in February, while 11 MSAs also showed gains in condo sales. That marks the eighth month in a row that a number of markets have reported increased sales.

However, prices remain down, the result of discounted sales and foreclosures.

The statewide median sales price for existing homes last month was $141,900 – down 29 percent from a year ago, when it was $199,300.

The median is the midpoint of sales prices: Half the homes sold for more, half for less.

In Jacksonville sales were up 6 percent and the median price fell 11 percent to $159,500. Condo sales fell 26 percent and the median price was down 17 percent to $118,600.

From the Jacksonville Business Journal

Remax.com on the move again

From remax
Hitwise Rankings: remax.com Climbs to No. 5

Could consumers in transition be thinking about buying? In February, remax.com jumped from the seventh spot to the fifth spot on the Top 20 Hitwise Real Estate Rankings - passing up Rent.com for the first time in five months.

Hitwise, a subsidiary of Experian, has been collecting and analyzing data directly from Internet Service Providers (ISPs) since 1997. The data is based on the percentage of online traffic to the domain name.

Top 10 Hitwise Real Estate Ranking Report, February 2009
1. realtor.com - 6.97 percent
2. Yahoo! Real Estate - 4.38 percent
3. Zillow - 3.10 percent
4. ZipRealty - 2.53 percent
5. remax.com - 2.05 percent
6. Rent.com - 1.89 percent
7. hud.gov - 1.70 percent
8. Homegain - 1.66 percent
9. ServiceMagic - 1.63 percent
10. Trulia - 1.50 percent

Home statistics for Jacksonville Florida

Some numbers I ran today are pretty interesting.
Total Active Residential Properties on the market in Jacksonville and Northeast Florida according to the Northeast Florida Association of Realtors is
12,892 total homes for sale.
Of that number 2,400 of those are pre-foreclosures or short sales!!!
that staggering number does not include the 829 REO (Bank, FHA and Va) Owned properties.
To search homes for sale in Northeast Florida go to our main website homes-jacksonville.com

$8,000 home buyer tax credit Jacksonville Fl

Here is some info on the new tax credit for first time home buyers in Jacksonville Florida.
Home Buyer Tax Rebate First Time

* The tax credit is for first-time home buyers only.
* The tax credit does not have to be repaid.
* The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
* The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
* Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.


For Questions about this tax credit you can go here

Or contact our Remax Team at 904-260-3787 and we will put you in contact with the right people.

810 lilac jacksonville florida 32259

Great place to call home, extremely great schools, well maintained home with new kitchen and many other upgrades, family room overlooks lanai to small/medium size back yard.
Don't miss your chance to own this home!
$8,000 tax credit available for this home for first time home buyers!!!!

Jacksonville Florida Real Estate Market

Florida's housing market took a 4 percent drop in sales in 2008, according to the year-end housing data released by the Florida Association of Realtors.

The Jacksonville market suffered, too, with a 20 percent loss, but was buoyed by a strong December.

A total of 124,215 existing homes sold statewide compared to 129,855 homes sold statewide in 2007.

The price drop was dramatic: the median price for existing homes was $187,800 at year-end 2008; a year previously, it was $234,300 for a 20 percent decrease.

In the Jacksonville market, the prices were 8 percent less than 2007.

In the year-to-year comparison for existing condos, 37,797 units sold statewide in 2008, a decrease of 10 percent. The statewide existing condo median sales price was $164,400 compared to $205,200 for a 20 percent decrease.

The state closed on a strong note as existing home sales rose 27 percent in December with 11,053 compared to 8,712 in December 2007.

Florida Realtors also reported a 12 percent gain in statewide sales of existing condominiums in December.

Florida's median sales price for existing homes in December was $155,500; a year ago, it was $213,600 for a 27 percent decrease. In Florida's year-to-year comparison for condos, 3,138 units sold statewide compared to 2,814 sold in December 2007 for a 12 percent increase. The statewide existing condo median sales price last month was $130,600; in December 2007 it was $192,600 for a 32 percent decrease.

Taken from Realty Builder Connection