August 13 2009

Homes for Sale - Jacksonville Market Conditions July 2009

by brook

With easy access to the Georgia border, a beautiful cityscape, and a pleasant climate, Jacksonville is a great option for those looking to live in a spacious, populous Florida metro. Sure, it’s no secret that Florida real estate is not always known as buyer-friendly; but in Jacksonville, the numbers are looking pretty good right now. A housing market snapshot from Yahoo! Real Estate updated on August 10 revealed that Jacksonville, the largest city in the state of Florida, had an inventory of

Jacksonville Housing Market Conditions

11,838 homes for sale (single family, condos and townhomes combined) – at a median price of $169,900. Although this is a 3% increase from the July median home price in Jacksonville, it is still attractively less than the Miami median of $234,900.

How does the inventory break down? Predictably, many are indeed resale properties; however, nearly half are foreclosures (5,737 to be exact) and around 70 of the units are brand new homes. Jacksonville new construction homes are selling for a median of $201,990, while the foreclosed property median is $111,332. Because these figures are slowly increasing, it’s a great time to contact a Jacksonville-based agent. 

 

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