JACKSONVILLE, FLORIDA REAL ESTATE MARKET - THE GOOD NEWS!
The common public perception is that all real estate markets are in trouble. The FACT is, however, that all real estate is local and each market is behaving in its own unique way. Much of the state has experienced a very large decline but Jacksonville, Florida has fared quite well in comparison.
That is not to say that we haven't had a decline from the boom markets of 2003-2005 but it has not be catastrophic. In fact, unless you happen to be one of the people trying to sell a property that was purchased just prior to the 'shift' you are probably in pretty good shape.
And, if you are in the market to buy now or to move up now you are in an excellent position. This is the first of a series of articles I will be writing to highlight some of the positive news regarding the Jacksonville, Florida real estate market.
GOOD NEWS IN THE JACKSONVILLE, FLORIDA REAL ESTATE MARKET HIGHLIGHT #1
According to Forbes.com, February 2008:
Jacksonville was named number eight out of the 10 Best Cities for Bargain Househunters!
"Jacksonville didn't go through an obscene speculation boom, making its recovery cycle far less daunting than other Florida spots. Job growth isn't outstanding, about average for the cities we measure, but the foreclosure rate is lower than any of the Florida cities we looked at, making the high inventory rate more likely to improve than get worse."
Personally, Susan and I are very bullish regarding the Jacksonville, Florida real estate market. Not only are we busily assisting others with the purchase and sale of their own properties but we are also continuing to buy and sell our own investment properties.
We would be happy to assist you too!
Tim Fennell, PA
REALTY WORLD Executive Group, Inc.
904-568-4528 / 904-568-5468