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For Immediate Release                    
July 15, 2010
 
Staff Contact
Melanie Green, Communications Director
MGreen@NEFAR.org
Voice (904) 394-9494, ext. 1204
Fax (904) 398-8025

NEFAR President
Carol Hill
Carol.Hill@PrudentialNetworkRealty.com
Voice (904) 296-1906

NEFAR Announces June 2010 Real Estate Sales Results
Northeast Florida sales trends continue on same path: closed and pending sales up, prices down, lender-mediated sales plentiful.
 
JACKSONVILLE, Fla. - The Northeast Florida Association of Realtors (NEFAR) 
announces real estate market statistics for June 2010. Statistics encompass both single-family residential and condo sales.

Northeast Florida's June housing sales results demonstrate a continuing pattern. Both pending sales and closed sales showed increases over June 2009. Pending sales jumped 20 percent year-over-year, from 1,386 to 1,663. Closed sales were up nearly 18 percent, from 1,370 to 1,613.

Median and average prices followed a familiar pattern also. June's median price of $143,090 was down 10.6 percent from last June's $160,000, while the $172,481 average price was down 6.5 percent from $184,555 a year ago.

NEFAR President Carol Hill says, "While there is no lack of news about the real estate market these days, it's important to understand that national, or even statewide, scenarios are not always indicative of what's happening on the local level. Northeast Florida's housing sales have been on the same track for 16 months now; we're seeing more sales at very buyer-friendly prices."

Lender-mediated properties continue to constitute a large segment of sales. Of the 1,613 June sales, 705 were lender mediated. Also worth noting is that, while prices are down on both traditional and lender-mediated sales, the amount of decrease is widely dissimilar. While traditional sale prices fell 5.4 percent, lender-mediated prices dropped 15.2 percent.

These figures, along with many others, are included in the FREE statistics packages available on the Newsroom | Market Stats tab of www.NEFAR.com. The statistics packages include a Monthly Indicators report summarizing all activity for NEFAR's entire service area plus *partial information for St. Johns County and Nassau County. FREE foreclosure/short sale reports are also available in the same section of the site.

The Northeast Florida Association of Realtors provides professional development, political advocacy, professional standards administration, media relations, and promotional activities and exchange of information among its members. NEFAR serves as the voice for real estate in northeast Florida; serving the public through efforts to protect private property rights and community affairs programs. NEFAR is Northeast Florida's largest professional association, comprising more than 5,500 members working in all facets of the real estate industry, including residential and commercial sales as well as property management. All statistics in NEFAR's Monthly Indicators and foreclosure/short sale reports are based on data compiled from NEFAR's wholly owned subsidiary, the Northeast Florida Multiple Listing Service (NEFMLS). NEFAR is headquartered in Jacksonville, with satellite Service Centers in Orange Park, Jacksonville Beach, Palatka and World Golf Village.

* As all Nassau and St. Johns County Realtors are not participants of the NEFMLS; reports provided do not represent the full extent of Realtor sales in those counties.


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