The number of short sale properties in the Jacksonville area continue to cloud the market.  A quick update of MLS indicates that 21% of all residential listings are either a short sale, REO or a preforeclosure.  The condo market fared a tad better.  The stats show that 16% of all condos currently listed in MLS are in some state of distress. The sale of these properties continues to drag the price of all listings down.

This is a great time to be a buyer or investor in Northeast Florida.  There are some unbelievable deals out there and it doesn't appear that we're any closer to reaching the bottom. 

There are LOTS of programs available to first time buyers to help with down payments and with the affordability of the home you buy.  Contact me today for more information about how to get up to $39,000 to help with the purchase of your first home.  Don't forget--if you haven't owned a home in 3 years, you qualify as a first time buyer!