1st Quarter 2008
Resale: 39 sales
Average Price/Sq Ft: $85/sq ft
Average Days on Market: 88 days (Duval County averaged 109)
Median Sold Price: $104,000 (Duval County averaged $178,000)
Average Sold Price: $101,313 (Duval County averaged $219,000)
1st Quarter 2009
Resale: 40 sales
Average Price/Sq Ft: $54/sq ft
Average Days on Market: 85 days (Duval County averaged 113)
Median Sold Price: $44,000 (Duval County averaged $156,300)
Average Sold Price: $68,494 (Duval County averaged $187,609)
Overview
The Murray Hill/Lakeshore area is always a surprise. This market was hot through the boom time and as sales in the rest of the city have slowed, this market lowered its prices and kept number of sales high. Although price has gone down, I anticipate it will level off this year and may even begin its increase toward the end of the year because there are so many bargains to be found over here - it will create buyer competition soon.
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