It was only a matter of time before we started seeing a bounce in the luxury real estate category in the Jacksonville and Ponte Vedra areas, and it looks like now is the time.
Million dollar home sales in Jacksonville are up 42 percent year over year in the first quarter. 37 homes sold in the first quarter for a million or more!
Who is buying up the million dollar properties? The smart money who knows when to get in, that's who! What the smart money knows:
- Prices are low low low
- Price declines won't continue forever
- Home owners are willing to heavily negotiate.....for now
- Interest rates are very low
- They are using the market to their advantage!