Jacksonville Real Estate Blog Aug
25
Condo tower plans revealed for Shipyards
Filed Under Jacksonville Condos, Jacksonville property development | Leave a Comment
According to plans unveiled by Landmar Group, a condo tower slated to be built at the Shipyards in Jacksonville will only be the first of four such towers to be built.
This first one will be 38 stories tall and will have 328 units with a minimum price tag of $300,000.
But to get the tower built, the company is having to rely on taxpayers help to the tune of $38 million. Landmar inherited this deal from the previous owners of the tower project, Tri-Legacy Group.
When finished, the condo towers are expected to transform the area around it turning it into a live bustling area of activity and investment.
Aug
24
Jacksonville is the place to live
Filed Under Jacksonville Condos, Jacksonville Homes, Jacksonville property values | Leave a Comment
This newspaper article gives some interesting facts and figures about the state of the Jacksonville housing market. Most of it is very upbeat and optimistic including the 12% rise in property median prices, the high quality of life here and the availability of housing for people moving into the Jacksonville area. Well worth a read if you’re considering venturing into the property market in Jacksonville.
Aug
17
Jacksonville shopping center sells for almost $11 million
Filed Under Jacksonville property development, Jacksonville property values | Leave a Comment
The DZ Plaza Shopping Center in Jacksonville has been bought for almost $11 million but the buyer has kept their identity withheld.
The buyer was represented by the Jacksonville office of Marcus and Millichap. M & M refused to name the buyer. However, it turns out that the property was assessed last year and was valued at just $7 million. The shopping center is almost completely occupied by tenants such as Baskin-Robbins.
Aug
16
The riverfront off Bay Street in Northbank has a new name, a new owner and a new vision.
The new name is the Shipyards, the new owner is Landmar and the vision is to become a billion dollar residential showplace.
It includes two condo towers, a marina and shops. However, that’s only the beginning. Add onto that 348 homes with a minimum price tag of $300,000. By the end though, those 348 homes will have increased to 1000.
Aug
16
Statewide sales drop but median prices rise
Filed Under Jacksonville property values | Leave a Comment
In a national survey, it has been revealed that four out of the top ten areas in the US to boast median-price gains are in Florida – and Jacksonville is one of them with an increase of almost 19%.
Also, even though statewide unit sales have dropped sharply, the median prices statewide have gone up 9% to just under $255,000. Statewide condo re-sales also dropped sharply but the median price managed to hold steady at around $219,000.
Aug
11
House sales rise in some areas but fall in others
Filed Under Jacksonville property values | Leave a Comment
It seems that cheaper is not always the most desirable. According to a survey carried out by Metrostudy, Jacksonville house sales under $250,000 have been declining, especially in the area of single-family housing.
Where the growth spurt has taken place is in new construction of houses over $250,000 which has seen a startling jump of 74% in the second quarter.
Metrostudy has concluded that overall the housing market in Jacksonville remains strong with factors such as job growth, affordability and demand contributing to the rise in prices.