Davidson Realty, Inc.

Jacksonville FL Real Estate Trends for December 2010

January 28, 2011

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Posted by in Northeast Florida Market Trends

“A journey of a thousand miles begins with a single step.” Chinese proverb

I picked the quote this month because I am seeing some small positive signs in the Jacksonville real estate market. I don’t expect dramatic improvement, but single steps in the right direction will get us started on our journey.

My information comes from NEFAR which covers much of the Jacksonville MSA. The information I use by zip code comes from Metro Market Trends and is pulled from the County tax records.

Pending sales for 2010 were 17,040 compared to pending sales for 2009 of 15,111. There was a 12.8% increase in pending sales year over year.

There were 16,106 closings in 2010 compared to 14,525 in 2009 for a 10.9% increase. Just to put this in perspective 2008 had 12,604 closings and 2007 had 16,775 closings. As you can see the 2010 closings are pretty similar to what we saw in 2007. Read more

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