Jacksonville, Florida Real Estate Trends in August 2010

So, last month my marketing team was picking on me about being bitter and a “negative Nancy” when I wrote my market statistics. And, I tell them you try to make the worst month in real estate (as proclaimed by the media) sound good! With that being said, I must admit I would have needed a lot of champagne to put a positive spin on the numbers for August, too. I really am an optimistic person and I do truly believe this market will turn, but I can’t find a positive way to tell you that 51.4% of all closings in the Northeast Florida Association of Realtors (NEFAR) market area for August 2010 are lender mediated sales which is a foreclosure or a short sale. However, I can share some more information, some good and some bad, about Jacksonville FL real estate in August.

“Real optimism is aware of problems but recognizes solutions; knows about difficulties but believes they can be overcome; sees the negatives, but accentuates the positives; is exposed to the worst but expects the best; has reason to complain, but chooses to smile.” William Arthur Ward

We all need to read this quote a couple times a day!

Pending sales are 16.6% higher in August 2010 than in August 2009. The current trend is also positive. June 2010 pending sales were 1,455, July was 1,560 and August is 1,632.  Read more