2010 Year In Review

Many of you put your trust in me to handle your real estate transactions last year. Thank you for contributing to my successful year. Please don't hesitate to call or email me if you have real estate questions. I look forward to being your real estate resource in 2010 and years to come.

Last year saw more declines in the prices around Jacksonville, and an increase in the number of foreclosures and short sales. However, lower interest rates, and the introduction of the first time buyer tax credit led to steady sales of starter homes around town.

Many feel that we have turned the corner and are on the way to recovery. I would love to say that I feel that is true, but I am realistic in knowing that foreclosures are still on the rise, and we still have some time to go before we see prices really recover.

I feel that prices in the established areas closer to downtown, like ours, have somewhat stabilized and the inventory around here has gotten to a manageable level. The continued low interest rates and expanded tax credit have contributed to a busy start to 2010. I am getting more activity on my listings, and more buyers excited to purchase a home this Spring. I am hopeful that this year will be better than last year, but I do think that the prices will stay about the same in our area, and will continue to decline in areas with a lot of condominiums and new construction.

Unfortunately, our economy is still in trouble, and there are still many homeowners facing foreclosure in the future. If you know someone who is behind on their payments or facing foreclosure, please have them contact me. As a Certified Distressed Property Expert, I am trained to counsel them on whether a short sale may be a better option for them and help them minimize the damage to their credit. By doing a short sale, we can often sell the home for more money and preserve the values in our area, and shorten their time on the market or sitting vacant.

During this real estate downturn, my business has continued to grow and with each transaction I have learned how to be better at my job and better assist my customers. I am excited about the possibilities for my business this year, and my ability to help buyers and sellers achieve positive results in their real estate transactions.