Jacksonville’s average home sales price fell 6.9 percent in August 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 $156,000 in August, down from $168,000 the year before. Numbers are rounded, according to LPS.
The Daily Record reported last week that from the peak of U.S. housing prices in June 2006 to August, Jacksonville’s average home sales price fell 44 percent, the 10th lowest drop among 33 Florida areas analyzed by LPS.
However, the year-over-year decline dropped Jacksonville to 30th place, tied with Lakeland’s drop.
The largest year-to-year declines came in the areas directly affected by the end of the space shuttle program.
The average sales price fell 7.4 percent in the Palm Bay-Melbourne-Titusville area and dropped 10.3 percent in the Deltona-Daytona Beach-Ormond Beach area.
While the LPS analysis of Florida prices from the 2006 U.S. peak to August showed that prices declined across the state, some prices rose year over year.
Six Florida areas posted average price increases from August 2010 to August 2011.
Average prices rose 4.3 percent in the Cape Coral-Fort Myers area; 2.9 percent in Key West; 2.3 percent in Miami-Miami Beach-Kendall; 1.5 percent in Wauchula; 0.7 percent in Fort Lauderdale-Pompano Beach-Deerfield Beach; and 0.6 percent in Miami-Fort Lauderdale-Pompano Beach.
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 boundaries.
Florida’s average price overall dropped 3 percent, to $164,000, while the average price for the United States dropped 3.8 percent to $205,000.
As for the highest average sales prices in the state, Key West was tops both in August 2010 and 2011, at $360,000 and $370,000.
Clewiston had the lowest average price both in August 2010, at $107,000, and in August 2011, at $102,000.
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 August.
The Daily Record requested an analysis of Florida areas and of competitor cities and will report further on the research.
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House price declines August-August
The LPS Applied Analytics division of Jacksonville-based Lender Processing Services Inc. recently reported its updated home price index with residential sales nationwide. It also provided information about metropolitan areas and cities in Florida. Its research included the average house sales prices as of August 2010 and August 2011 and the average price gain or decline. Year over year, Jacksonville’s price decline of 6.9 percent ranked it No. 30 among the 33 Florida area analyzed. Dollar figures and percentages are rounded.
| Area | Avg price Aug. 2010 | Avg price Aug. 2011 | % change |
| Cape Coral-Fort Myers | $146,000 | $152,000 | +4.3% |
| Key West | $360,000 | $370,000 | + 2.9% |
| Miami-Miami Beach-Kendall | $190,000 | $194,000 | + 2.3% |
| Wauchula | $232,000 | $236,000 | + 1.5% |
| Fort Lauderdale-Pompano Beach-Deerfield Beach | $186,000 | $187,000 | +0.7% |
| Miami-Fort Lauderdale-Pompano Beach | $191,000 | $192,000 | + 0.6% |
| Fort Walton Beach-Crestview Beach | $197,000 | $197,000 | - 0.2% |
| The Villages | $227,000 | $226,000 | - 0.6% |
| Port St. Lucie | $148,000 | $147,000 | - 1.0% |
| Punta Gorda | $145,000 | $143,000 | - 1.5% |
| Sebastian-Vero Beach | $166,000 | $163,000 | - 1.7% |
| West Palm Beach-Boca Raton-Boynton Beach | $197,000 | $194,000 | - 1.8% |
| Naples-Marco Island | $229,000 | $224,000 | - 2.1% |
| Sarasota-Bradenton-Venice | $172,000 | $168,000 | - 2.3% |
| Arcadia | $135,000 | $131,000 | - 2.3% |
| Palatka | $151,000 | $147,000 | - 2.5% |
| Florida | $169,000 | $164,000 | - 3.0 |
| Pensacola-Ferry Pass-Brent | $174,000 | $168,000 | - 3.4% |
| Okeechobee | $127,000 | $122,000 | - 3.5% |
| Lake City | $148,000 | $142,000 | - 3.7% |
| U.S. | $213,000 | $205,000 | - 3.8% |
| Panama City-Lynn Haven | $192,000 | $184,000 | - 3.9% |
| Orlando-Kissimmee | $148,000 | $142,000 | - 4.1% |
| Clewiston | $107,000 | $102,000 | - 4.3% |
| Palm Coast | $134,000 | $127,000 | - 4.7% |
| Homosassa Springs | $141,000 | $134,000 | - 4.9% |
| Sebring | $143,000 | $136,000 | - 5.1% |
| Tampa-St. Petersburg-Clearwater | $154,000 | $145,000 | - 5.9% |
| Gainesville | $181,000 | $171,000 | - 5.9% |
| Tallahassee | $186,000 | $174,000 | - 6.3% |
| Ocala | $137,000 | $127,000 | - 6.7% |
| Jacksonville | $168,000 | $156,000 | - 6.9% |
| Lakeland | $122,000 | $113,000 | - 6.9% |
| Palm Bay-Melbourne-Titusville | $153,000 | $142,000 | - 7.4% |
| Deltona-Daytona Bch-Ormond Bch | $147,000 | $132,000 | - 10.3% |