My top three trends from the Northeast Florida Association of Realtors (NEFAR) Market Stats for April 2010 are:
1. The lender mediated sales for April which is the foreclosures and short sales were 44.4% of total April closings. This is down from over 50% of closings in January 2010.
2. The Year to Date closings for St. Augustine FL homes and Jacksonville FL homes from January to April 2010 are 4,908 which is 31.5% more than January to April 2009 when there were 3,731 closings.
3. There were 2,206 pending sales in April, 2010 which is 66.4% more sales than April, 2009 when there were 1,326.
The real estate trends in the St. Augustine and Jacksonville area continue to show signs of a slow recovery.
For more information or to talk to a knowledgeable Jacksonville or St. Augustine realtor please call (904) 940-5000.
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