Jacksonville, Florida Seller's Market Heats Up Holiday Season
by Blanche Evans
The housing market in Jacksonville, Florida is hot, according to local Realtors, even through the holidays. "Jacksonville boasts beautiful oceans, shopping and entertainment," says Realtor Jared Dalto. "When home buyers from around the country look at places to live, Florida is one of the top destinations, especially Jacksonville. Beautiful waterfront properties along the ocean and intercostals, palm trees surrounding your neighborhood and sunny weather all year long. A boaters paradise for water sports and fishing." Dalto advises, "ll indicators are pointing to another increase in home prices this year in Jacksonville. New construction in Jacksonville is still booming but slowing down a little. Opportunities are still here. Jacksonville new homes is sometimes the way to buy. Many people buy a resale home and one may find the same value and price in new construction to be equal. With interest rates at just under 6 percent, many home seekers are looking to find a home or investment in Jacksonville before the rates increase again. Local areas will always have their desirable neighborhoods that will command buyers and sellers any time of the year." Says Realtor Jim Friedner, "In the month of December, there is low inventory in the $200K market and below. Golf course communities, and navigable waterfront homes are in low supply. Buyers are waiting for good properties to come on the market, and sellers are receiving offers very close to market price depending on condition, location, and advertising of the property. Interest rates seem to be holding at close to record lows this month. My forecast for appreciation is 12-20 percent increase per year depending on location and condition. Most new construction in this area (homes) start in the 200's. Townhouses and condos start in the 140's." "Jacksonville is growing by leaps and bounds," offers Realtor Dena M. Calivas. "New home construction has steadily increased and resale home values are appreciating and at higher rates! Great for the home sellers, but more challenging for the home buyers to find what they want in their price range. However, the buyers today will also see their property values increase. Predictions indicate that our market will still see a strong growth!" |
