Neptune Beach, FL Real Estate News

By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the September 2010 stats and 2009 for comparison - 2010 4 Homes Sold Lowest price: $100,000 Highest price: $699,900 Shortest Days on Market: 8 Longest Days on Market: 170   2009 3 homes sold Lowest price: $184,900 Highest price: $615,000 Shortest Days on Market: 0 Longest Days on Market: 119 Sales are essentially up 33% year to year, based on the increase of 3 homes sold in 2009 compared with 4 homes sold in 2010. Pricing year over year does not indicate much positive news, on the lower end, (a decrease of 45% based on the prices listed above) however, there is good news on the increase on the higher end: an increase of 13% which is fabulous news.  The lower end is being affected by short sales and foreclosures on the market. Neptune Beach is the smallest of our beach communiti...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
This is one of the those stories, that we all love to read about. I helped a friend of mine, whom I have known for 20 years, purchase his first home this past Wednesday. This guy had rented from the same landlord for 20 years, worked at a local bar/restaurant, and really thought he would never be able to purchase a home at the beach, or anywhere close to the beach. Imagine our mutual surprise when the perfect townhome was marketed at a price he could easily afford!  A 2 bedroom, 1.5 bathroom townhome in Neptune Beach for $60,000!  It was almost too good to be true, frankly. Yes, it needs some work, but he's got the assets to handle that, and is on a month to month lease, so he has flexibility to get the repairs and improvements done that he wants to do. It is one of the fantastic facets...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Recently, Amelia Island's very own T-Ray's Burger Station was rated as one of the 51 Great Burger Joints (USA Today feature). I have not yet been to T-Ray's, may have to make it a very-soon weekend destination to check it out, as I love a good burger. Other places to get good burgers in the area, listed in no particular order, and according to my preferences (medium rare is my preference): The Loop - locations all over the area The Sun Dog - Neptune Beach (personal favorite) Ted's Montana Grill - you can get Bison burgers here at Town Center & Orange Park Five Guys - several area locations, you can order with tons of toppings, more than other places & great greasy fries.   Sometimes, there is nothing than a burger and fries..... Let me know about your favorite burger joints in your area...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
One of my favorite all time places is the Sun Dog Diner in Neptune Beach, FL. My friends Jeff, Mary & I had a fabulous brunch here (again!) this morning - being from Jersey, grits took some getting used to, but I actually ordered the grits instead of hash browns this morning, and they were great. Located in Town Center, the Sun Dog has awesome food, awesome staff, awesome entertainment - you ge the gist. Their website is here so you can check out upcoming events and their menu: http://www.sundogjax.com/
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Fans of San Marco's Metro Diner will want to tune in Sept. 20 to the Food Network's "Diners, Drive-ins and Dives." The Hendricks Avenue restaurant will be featured in the upcoming "You Found Em" epsiode, where host Guy Fieri visits eateries suggested by viewers. The show premieres at 10 p.m. Monday, Sept. 20 and re-airs at 1 a.m Tuesday, Sept. 21 and 9 p.m. Friday, Oct. 1. The D3 crew was here earlier this year when they visited 13 Gypsies in Riverside, Singleton's in Mayport, Culhanes in Atlantic Beach and a particular favorite of mine, Sun Dog in Neptune Beach.    
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
I was invited to a Labor Day cookout yesterday locally, and most of my friends know that I don't REALLY cook.  For longer than I care to admit, the kitchen in my house was just a place to store pre-packaged food, and wine. I have, however, become more interested in preparing my own sustenance, as a result of some stricter financial considerations. This recipe is awesome, oh-so-easy, and affordable. Try it, and let me know what you think! Marinated Tortellini 1 9 ounce package tortellini (I use Buitoni herbed chicken) 1/3 cup olive oil 2 tablespoons white wine vinegar 1 tablespoon water 1/2 teaspoon salt 1/2 teaspoon pepper 1 clove garlic (I LOVE garlic, so I used 5 cloves yesterday, minced) Cook tortellini according to package instructions. Whisk together next ingredients. Drizzle over ...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the August 2010 stats and 2009 for comparison - 2010 3 Homes Sold Lowest price: $241,000 Highest price: $595,000            Shortest Days on Market: 7 Longest Days on Market: 218   2009 7 homes sold Lowest price: $99,900 Highest price: $425,000 Shortest Days on Market: 2 Longest Days on Market: 334 I just blogged about Jacksonville Beach yesterday, and there we have a 28% year to year increase in homes sold, so this is surprising.  However, Neptune Beach is the smallest of the beach communities, and therefore, has a smaller supply of entry level/first time buyer homes. Year over year, while home sales are down a whopping 42% year to year, but look at the increase on the low end of the price range, there is a HUGE increase from $99,900 to $241,000 this year, and the increase in ...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Great news! I had a closing that actually closed yesterday!  We were scheduled for 4pm 8/31/10.. At 10:30am, my most awesome in-house lender called me with a request; what follows is a rough transcript: Travis: The lender needs a motivation lender for your buyer, can you get her to write one? Carol: Sure, but can you tell me first what this is, and why NOW? Travis: They need a letter outlining why she wants to buy the house that you have a contract on, and the letter also needs to address what they intend to do with their current property. Carol: Ok, let me see what we can do, she works odd hours, and is virtually impossible to get at the office. I leave her a voice mail and call her husband as well to leave him a message. I'm now in the office ready to draft some ideas of what will suf...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Tune in tonight on Food Network to see Guy Fieri's local visit to the Jacksonville area! Apparently, the 10:30pm episode features a Riverside place, 13 Gypsies, and has Fieri showing how chef Howard Kirk prepares scratch made Spanish chorizo with honey sauteed pears. Fieri visited other places  as well: Culhane's irish Pub in Atlantic Beach, and my personal fave, the Sun Dog in Neptune Beach, as well as Singleton's, and The Fox in Avondale.    
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the July 2010 stats and 2009 for comparison - 2010 4 Homes Sold Lowest price: $175,000 Highest price: $363,000            Shortest Days on Market: 3 Longest Days on Market: 398   2009 10 homes sold Lowest price: $175,000 Highest price: $1,150,000 Shortest Days on Market: 0 Longest Days on Market: 415 Well, I know this looks downright depressing, however, I caution readers to realize the buyers in the month of July probably didn't have a hope for the tax credit (they were too late) and there were just fewer buyers. Many people vacation during July as school starts in the 3rd week of August. The pricing on the bottom side of the spectrum is stable year to year, which is great news when so many other areas are still seeing declines from 2009 prices. The days on market is also fair...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
In our current economic environment, we have seen an unprecedented increase in foreclosures, deed in lieu of foreclosures and short sales of home mortgages across the United States. Many homeowners are losing their homes due to many reasons including job loss, unexpected medical expenses and life circumstances. Fast forward to changed circumstances, those homeowners are now in a position to buy a home again. The mortgage lender will look at the type of circumstance that led to loss of the home and what the potential buyer has accomplished since the foreclosure or short sale.   What about a short sale?  For buyers who have sold a home previously by a short sale, the guidelines for future purchase are  slightly different and less stringent. • If the short sale occurred due to financial mi...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
If you have parents who are in the process of considering a move to an active adult community, you should consider Brookdale Cypress Village! Conveniently located adjacent to Mayo Clinic on a 120 acre campus, Brookdale Cypress Village offers a Culinary Art Institute and trademarked dining program.  With innovative senior care provided onsite, Cypress Village offers outpatient rehab and home health care services. Cypress Village offers LifeCare on all of their apartments, and on several of the homes they own.  This gives residents the following benefits: Centralized healthcare on one campus Ability to control future long-term healthcare costs. Priority access to Assisted Living, Healthcare and rehab services. Their "Care For Life" guarantee offers: You will never be asked to leave if you...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Jacksonville Beach is once again hosting a summer jazz series, and today is the second concert. Tonight is the second concert of the 9th Annual Summer Jazz Series. June's concert started things off with a bang, and July's concert promises to turn up the heat with another multi-talented line-up of performers. Headlining is guitarist Nick Colionne with his unforgettable sound and fabulous on-stage outfits. Nick takes the stage at 7:30 pm. At 6:00 pm the all-star lineup of TIZER featuring Lao Tizer and violinist Karen Briggs will perform. Opening the show at 5:00 pm is alto saxophonist Will Donato. Come out and enjoy this wonderful combination of music, and sea breezes, for free! Bring your blankets or lawn chairs and enjoy refreshments and food available for purchase from local vendors. E...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
 Many people now have a neighboring house ths is what we in the industry consider "distressed", meaning it's a short sale, on it's way to foreclosure, or a foreclosure.   This means, in all likelihood that the yard is no being maintained, and it looks awful. Additionally, the unmaintained yard is an invitation for all sorts of other issues, including: weeds, vermin, squatters - the list goes on and on. What can you do?  Here are some options to consider, so you can at least take some action towards a resolution: Appeal to the Homeowner's Association.  There may not be budget to take care of the yard, especially if the homeowner is behind on their dues, but the property condition does reflect on the entire community and should be addressed. Take care of the yard either yourself, or have ...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the January - June 2010 stats and 2009 for comparison - 2010 28 Condos Sold Lowest price: $116,900 Highest price: $1,760,000         Lowest Per Square Foot Sold:$105.57 Highest Per Square Foot Sold: $372.80       Of these, 20 were standard re-sales, 6 were short sales, and 2 were bank owned properties.             2009 24 Condos sold Lowest price: $150,000 Highest price: $2,000,000 Lowest Per Square Foot Sold:$180.07 Highest Per Square Foot Sold: $666.67       Of these, 18 were standard re-sales, 2 were short sale, and 4 were bank owned properties. Pricing is being affected by the amount of inventory in the condo market, although an additional factor is how challenging it is to get loans to purchase condos in today's financial landscape. Most lenders want to see 25-30% down, an...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the January - June 2010 stats and 2009 for comparison - 2010 64 Homes Sold Lowest price: $25,000 Highest price: $1,000,000         Lowest Per Square Foot Sold:$25.51 Highest Per Square Foot Sold: $298.18    2009 43 homes sold Lowest price: $48,000 Highest price: $615,000 Lowest Per Square Foot Sold:$40.32 Highest Per Square Foot Sold: $226.77 I know most buyers want to hear more information about distressed sales (REO's/Bank Owned properties) and most sellers would prefer to ignore them - as they make up about 50% of our local Multiple Listing Service inventory, however, they are impossible to ignore, as they do have an impact on pricing, and value perception of the market. Foreclosure sales are up about 50% year to year, which is good, as the sooner we get the distressed inven...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the January - June 2010 stats and 2009 for comparison - 2010 30 Homes Sold Lowest price: $89,900 Highest price: $427,000            Shortest Days on Market: 0 Longest Days on Market: 339   2009 27 homes sold Lowest price: $170,000 Highest price: $2,000,000 Shortest Days on Market: 0 Longest Days on Market: 395 Homes sold year over year are UP about 11% year over year. When I posted the 1st Quarter results, our Neptune Beach sales were up 27% year over year, so I'm a bit surprised to see we've lost some forward momentum. However, this is right in line with where Atlantic Beach is year to date, so considering Neptune Beach is smaller in size and price ranges, I'm optimistic.   Pricing is a bit more optimistic on the higher end than the lower end. This is not too surprising, due t...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the January – March 2010 stats and 2009 for comparison - 2010 14 Homes Sold Lowest price: $89,900 Highest price: $685,000 Shortest Days on Market: 0 Longest Days on Market: 339 2009  11 homes sold Lowest price: $228,000 Highest price: $2,000,000 Shortest Days on Market: 0 Longest Days on Market: 385 Homes sold year over year are UP about 27% year over year. Days on market on the short end is the same, however, it is misleading: in the 2009 statistics, there was a homeowner that was approached by an agent, to sell, so that particular property’s days on market is not a true indicator of market activity. The lowest priced property year over year declined significantly – this is such a big change I want to investigate and see exactly what the cause of this is. Traditionally, Neptun...
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By Carol Zingone, Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
(Berkshire Hathaway Home Services Florida Network Realty)
Here are the February 2010 stats and 2009 for comparison - 2010 5 Homes Sold Lowest price: $157,000           Highest price: $240,000          Shortest Days on Market: 0 Longest Days on Market: 173   2009 3 homes sold Lowest price: $228,000 Highest price: $385,000 Shortest Days on Market: 192 Longest Days on Market: 385 Home sales increased 66% year over year - Atlantic Beach enjoyed a 77% increase, so it's nice to see a similar bump in Neptune Beach, which is considerably smaller. Sales price decreased 31% year to year - larger than I would have predicted, but not completely surprising, given the inventory of distressed sales (short sales, and foreclosures).  The high sales price year to year is down by 37% year to year, which is right in line with sales prices nationally, regionally a...
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By Ronda Densford, Realtor - Jacksonville and Northeast Florida
(Magnolia Properties)
The First Time Buyer action in Northeast Florida is off the chain!  A full 50% of sales in February were First Timers Wow!  Just wait. When April gets here and time is running out: get ready! There will be a flood of buyers coming out of the woodwork. Prices in Jacksonville Beach continue to hold their own. Of course there have been price drops and there are a lot of short sales on the market. I don't want to show short sales because the odds of them closing in time are slim to none.  Short sales are NOT a good option for First Time Buyers.  The weather is FINALLY warming up. It's been a long winter and I look forward to increases in the number of Home sells.    Call me today to find your bargain.    Closing cost assistance is available for First time buyers.    Let's talk soon.   Regar...
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