Half Full or Half Empty Jacksonville Real Estate Report?
Real Estate News
Florida Association of Realtor's Report Lower Prices & More Sales
Half Full
2009 July sales of single family homes in Jacksonville Sales are 33% greater than 2008 July sales according to figures from the Florida Association of Realtors. However, Florida had better sales with 37% increase with sales up in 19 of 20 markets that FAR tracks.
Half Empty
However, the new median price of $156,800 is 15% below the median price of July 2008 in Jacksonville Florida. Here we did better than the state which experienced a 24% drop to a new median price of $147,600.
Condo sales followed suit. Sales in Jacksonville jumped 45 percent while the median price fell 20 percent to $121,900. Statewide sales were up 48 percent while the median price of $108,300 was down 36 percent. So again Jacksonville's sales didn't quite meet the state average but our prices didn't fall as much.
“I think we’re on the road to recovery,” said Timothy Becker, the director of the University of Florida’s Bergstrom Center for Real Estate Studies, according to a release issued by FAR. “Even though most markets report they’ve seen the bottom, it’s going to be a long climb.”
Source Jax Business Journal
Date: 2009-08-21 16:41:00
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