Jacksonville’s average house sales price fell 5.6 in November from the year before, according to the LPS Analytics division of Jacksonville-based Lender Processing Services.
The average sales price among single-family houses and condominiums was $153,000 in November, down from $162,000 the year before, LPS found. Numbers are rounded.
Meanwhile, from the area’s market peak in June 2006, Jacksonville’s average home sales price was down 45 percent.
That compares to the state’s overall price decline of 52 percent from the statewide peak in April 2006 and the U.S. sales price decline of 30.6 percent from the national peak, also in June 2006.
LPS analyzed 33 market areas in Florida, with some overlapping, and reported that five areas posted an increase in average sales prices in November from the year before.
All five are in South Florida, with Cape Coral-Fort Myers showing the largest gain, at 2.8 percent, to $150,000. Miami-Miami Beach-Kendall followed with a gain of 2.6 percent, to $194,000.
LPS analyzed several areas of Miami and South Florida and also looked separately at areas within the larger regional boundaries.
The other three areas of price increases consisted of Key West, the Miami-Fort Lauderdale-Pompano Beach region and the Fort Lauderdale-Pompano Beach-Deerfield Beach region. All showed gains of less than 1 percent.
Key West again led with the highest average sales price. However, at $358,000 in November, it was down 51 percent from its peak of $728,000 in September 2005.
Jacksonville ranked No. 28 in price performance, followed by Sebring, Gainesville, Clewiston, Tallahassee and Deltona-Daytona Beach-Ormond Beach.
Areas directly affected by the end of the space shuttle program continued to show declines. The steepest average price decline in November over the year was the 9.5 percent drop in Deltona-Daytona Beach-Ormond Beach, while the average price fell 4.8 percent in the nearby Palm Bay-Melbourne-Titusville area.
Jacksonville, where prices fell 5.6 percent, performed below Florida and the U.S.
Florida’s average price overall dropped 2.4 percent, to $162,000, while the average price for the United States dropped 4.8 percent to $198,000.
Clewiston, which is in South Florida between Fort Myers and Palm Beach, on the shore of Lake Okeechobee, had the lowest average price both in November 2010, at $104,000, and again in November 2011, at $97,000, down almost 7 percent.
The LPS Applied Analytics Home Price Index summarizes national home prices by tracking monthly prices in more than 13,500 ZIP codes.
Lender Processing Services provides integrated technology, services and mortgage performance data and analytics to the mortgage and real estate industries.
The company recently announced its LPS HPI with residential sales concluded during November.
The Daily Record requested an analysis of Florida areas and of competitor cities and will report further on the research in coming days.
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Florida house prices November-November change
The LPS Applied Analytics division of Jacksonville-based Lender Processing Services Inc. reported its updated home price index with residential sales nationwide. It also provided information about 33 metropolitan areas and cities in Florida. Its research included the changes in the average house sales price from November 2010 to November 2011. Over the year, five Florida areas posted an average price increase while the other 28, including Jacksonville, showed declines. LPS analyzed several areas of Miami and South Florida. In addition to the greater Miami-Fort Lauderdale-Pompano Beach area, LPS also looked separately at areas within the larger Miami boundaries. Numbers are rounded. All calculations are by LPS.
| Area | Average price November 2010 | Average price November 2011 | % change |
| Cape Coral-Fort Myers | $146,000 | $150,000 | + 2.8% |
| Miami-Miami Beach-Kendall | $189,000 | $194,000 | + 2.6% |
| Key West | $356,000 | $358,000 | + 0.5% |
| Miami-Fort Lauderdale- Pompano Beach | $190,000 | $191,000 | + 0.5% |
| Fort Lauderdale-Pompano Beach-Deerfied Beach | $186,000 | $186,000 | + 0.3% |
| Wauchula | $214,000 | $211,000 | - 1.5% |
| Okeechobee | $129,000 | $127,000 | - 1.6% |
| Orlando-Kissimmee | $145,000 | $143,000 | - 1.7% |
| Sebastian-Vero Beach | $163,000 | $160,000 | - 1.8% |
| Arcadia | $131,000 | $129,000 | - 1.9% |
| Port St. Lucie | $147,000 | $144,000 | - 2.0% |
| West Palm Beach-Boca-Raton-Boynton Beach | $195,000 | $191,000 | - 2.2% |
| Palm Coast | $130,000 | $127,000 | - 2.3% |
| Lake City | $146,000 | $142,000 | - 2.4% |
| Florida | $166,000 | $162,000 | - 2.4% |
| The Villages | $226,000 | $220,000 | - 2.6% |
| Pensacola-Ferry Pass-Brent | $171,000 | $166,000 | - 2.9% |
| Fort Walton Beach-Crestview-Destin | $194,000 | $188,000 | - 3.3% |
| Naples-Marco Island | $227,000 | $219,000 | - 3.4% |
| Sarasota-Bradenton-Venice | $169,000 | $163,000 | - 3.6% |
| Ocala | $132,000 | $127,000 | - 3.9% |
| Homosassa Springs | $137,000 | $131,000 | - 4.3% |
| Punta Gorda | $144,000 | $138,000 | - 4.3% |
| Panama City-Lynn Haven | $187,000 | $178,000 | - 4.4% |
| Palm Bay-Melbourne-Titusville | $147,000 | $140,000 | - 4.8% |
| U.S. | $208,000 | $198,000 | - 4.8% |
| Lakeland | $119,000 | $113,000 | - 5.0% |
| Tampa-St. Petersburg-Clear Water | $150,000 | $143,000 | - 5.1% |
| Palatka | $149,000 | $141,000 | - 5.1% |
| Jacksonville | $162,000 | $153,000 | - 5.6% |
| Sebring | $139,000 | $130,000 | - 5.9% |
| Gainesville | $175,000 | $163,000 | - 6.8% |
| Clewiston | $104,000 | $97,000 | - 7.0% |
| Tallahassee | $182,000 | $168,000 | - 7.6% |
| Deltona-Daytona Beach-Ormond Beach | $143,000 | $130,000 | - 9.5% |
Source: Lender Processing Services