1st Quarter 2009 Riverside

1st Quarter 2008
Unrenovated: 0 Sales
Renovated: 4 Sales (average $121/sq ft)
New Construction: 0 Sales
Condo/Loft: 3 Sales
Average Price/Sq Ft: $175/sq ft
Average Days on Market: 148 days (Duval County averaged 109)
Median Sold Price: $265,000 (Duval County averaged $178,000)
Average Sold Price: $238,816 (Duval County averaged $219,000)

1st Quarter 2009
Unrenovated: 5 Sales (average $53/sq ft)
Renovated: 2 Sales ($169/sq ft)
New Construction: 0 Sales
Condo/Loft: 1 Sale (average $284/sq ft)
Average Price/Sq Ft: $105/sq ft
Average Days on Market: 98 days (Duval County averaged 113)
Median Sold Price: $153,000 (Duval County averaged $156,300)
Average Sold Price: $203,439 (Duval County averaged $187,609)

Overview
Like most neighborhoods, Riverside has seen a decrease in price, however it is still above the average sales price in Duval County. Similar to Springfield in the 1st quarter of 2009, Riverside has seen an increase in sales of homes needing renovation work. This is a good sign that investors are back in the market and an indication that they are smelling a bottom. Unlike Springfield, low inventory has helped this market keep from dropping further and I strongly beleive it will be the first Intown Neighborhood to make a strong comeback this year.