NE Florida Real Estate Prices Dipped in 4th Quarter of 2010

Area real estate sales volumes and median prices both cooled in the fourth quarter after volumes showed signs of life in the third quarter. According to quarterly real estate sales data from data aggregator DataQuick, median sales prices in Clay, Duval, Nassau and St. Johns counties continued to decline, but sales volumes – which had been rising in several ZIP codes in the third quarter – fell off as well in the fourth.

An exception was Ponte Vedra’s 32081 ZIP straddling St. Johns and Duval counties, which saw volumes rise by 81 percent and its median price of $284,000 representing a boost of nearly 16 percent. The ZIP code was the only one in the region that could claim the dual good news of rising sales volumes and rising prices for the quarter.

The colors noting drops – shades of blue – were prevalent on maps for both prices and volumes, but were deeper overall on the sales volumes map. Westside ZIP code 32234, which had sales volume increase from the second quarter, lost 42 percent in the fourth.

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