1st Quarter 2009 Avondale

1st Quarter 2008
Resale: 20 sales (average $162/sq ft)
New Construction: 0 sales
Condo/Loft: 4 Sales (average $158/s q ft)
Average Price/Sq Ft: $161/sq ft
Average Days on Market: 136 days (Duval County averaged 109)
Median Sold Price: $287,000 (Duval County averaged $178,000)
Average Sold Price: $254,548 (Duval County averaged $219,000)

1st Quarter 2009
Resale: 20 sales($129/sq ft)
New Construction: 0 Sales
Condo/Loft: 1 Sale (average $98/sq ft)
Average Price/Sq Ft: $127/sq ft
Average Days on Market: 139 days (Duval County averaged 113)
Median Sold Price: $165,000 (Duval County averaged $156,300)
Average Sold Price: $181,245 (Duval County averaged $187,609)

Overview
Avondale has struggled the most of the Intown neighborhoods to get through this housing market. This is because prices were so high and inventory was so high. As you can see Avondale price per square foot and average price have dropped dramatically. If Avondale can decrease its inventory, then the price point it is at now should see more sales in the 2nd quarter.