Clay County Florida Real Estate: Market Watch August 2008 and 2007

Current market conditions for Orange Park, Fleming Island, Middleburg and Green Coves Springs

Here’s what Clay County Real Estate in August 2008 looked like:

Current # of listings available August 2008	1880
Average # of sales per month (homes that went under contract not sold)	170
Ave days on market (under contract homes, not sold)-	105.17
Remaining # months inventory	11.06
Selling price % of list price (original list price) (these were homes that sold and closed in August 2008)	89.84%

Here’s what Clay County Real Estate in August 2007 looked like:

Current # of listings available August 2007	2215
Average # of sales per month (homes that went under contract not sold)	179
Ave days on market (under contract homes, not sold)-	101.83
Remaining # months inventory	12.37
Selling price % of list price (original list price) (these were homes that sold and closed in August 2007)	92.63%

The numbers for 2008 are showing improvements over 2007! I would not be surprised to see September’s numbers slide back due to the economic challenges we have faced with Freddie Mac, Fannie Mae, other government bailouts and price gouging at the gas pumps.

These figures are based on residential homes (single family, town homes & attached). They exclude condos, commercial property and vacant land. Information is deemed to be reliable, but is not guaranteed.

Pam Graham

904-910-3516

Vanguard Realty, GMAC Real Estate

3168 Highway 17,s

Orange Park, FL 32003

Licensed Real Estate Agent in Florida