Expressing an opinion 100 Lyrics:
Jacksonville Real Estate Market Review - June 2018:
So after examining close to 700 properties in the stunning city of Jacksonville in North Florida I would like to give an overview of the state of the real estate market in the city:
1 - The trend of price rises is definitely continuing throughout the city - with more detail below -
This is mainly due to positive and ongoing migration to the city, including military personnel serving in the city's naval and air bases, the establishment of a huge Amazon branch in the north of the city, the opening of new 4 Walmart stores, a continuing drop in unemployment and an improvement in employment.
From an average price of 124 thousand dollars in 2016, the average price in the city is 161 thousand dollars -
Reflects an average increase of 29%.
An index of price increases in the city can be found at the following link:
https://www.zillow.com/jacksonville-fl/home-
values /
Area Analysis:
1 - The northern part of the city is experiencing a rapid rise in property prices, especially in the COLLEGE PARK, HIGHLANDS, and TURTLE CREEK and ARLINGTON neighborhoods -
There is a very strong building momentum in the area, the proximity to the international airport and the new Amazon branch adds to the popularity of the place -
Properties there are rented relatively quickly in two weeks and demand is high.
We mainly work in focus area 32218,
32226, and 32277.
2 - Downtown - remains as popular as ever - proximity to major universities like FLORIDA NORTH UNIVERSITY leaves the area in high demand, such as the RIVER SIDE complex and colonial-style homes in the area.
We focus on 32211, 32204, 32205, 32207, 32216, 32246, 32225,32224-
And avoid purchase in most crime-ridden areas in Zip Code 32208,32209,32254,32206.
The good areas of ARLINGTON neighborhoods can be noted
, SANS SOUCIE, BEACH HAVEN
And more.
3 - Southern City - Remains Popular As Always -
Prices there are lagging at 10-15% of similar properties in the center and north of the city and constitute suitable land for investors looking for an increase in the value of their assets in the future - because in our opinion the South will infect the North in the next two years.
We focus on 32210, 32244,32257,32256, 32068 and more -
And try to avoid 32073 targeting areas because of increased negative migration from this area.
The popular neighborhoods are CEDAR HILLS, NORMANDY MANOR which I personally love very much, the whole MANDARIN area, and especially ORANGE PARK in some parts of it.
Hope the overview helped those looking to invest in the city -
And most importantly - "Real estate is done in the field or not done at all".!
