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For Immediate Release                    
Sept. 13, 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 August 2010 Real Estate Sales Figures
Number of pending and closed sales both higher than last year. Traditional sales prices up slightly while lender-mediated sales prices continue to drop. 
 

JACKSONVILLE, Fla. - The Northeast Florida Association of Realtors (NEFAR) announces real estate market statistics for August. Statistics encompass both single-family residential and condo sales.

In the second month post-homebuyer tax credit, sales in northeast Florida showed gains over last year in both pending sales and closed sales figures. Pending sales rose from 1,400 last August to 1,632 this August; a 16.6 increase. Closed sales were 1,219 last August, jumping eight percent to 1,316 this August.

Sales prices reflect a mixed bag. While the median price of a traditional sale increased 3.2 percent year-over-year (from $169,500 last August to $174,915 this August), lender-mediated sales prices dropped 22.2 percent (from $109,950 last August to $85,535 this August).

NEFAR President Carol Hill says, "Increases in pending and closed sales demonstrate that buyers are recognizing the exceptional value afforded by today's real estate market. While traditional sales prices are beginning to show some slight signs of rebounding, the same can't be said for lender-mediated sales prices. Combining the two types of property sales results in a 13.3 percent price decrease for August."

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. Separate foreclosure/short sale reports are also available on the Newsroom | Market Stats tab of the Web 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 5,300 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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