Who is Buying Jacksonville Real Estate?
.
Based on National Trends, the number of people buying their 1st home is rising.
In 2008, the trend continued with 41% of all Buyers being 1st timers vs 36% in 2006. That is a substantial increase in just a few years. Another interesting statistic indicates the age of 1st time buyers is also dropping to an average age of 30 years old.
The main contributing factors are Gen-X & Gen-Y. As this age group continues to get better jobs, increase their income, and grow their families, many are now settling down and establishing roots. This generation is BIG, in fact many estimates state they will dominate the housing industry for the next 3 decades. -That’s a long time.
Do you have a house to sell in Jacksonville?
It’s important to realize that almost half the buyers are coming from Gen-X and Gen-Y. Knowing this, your home needs to be positioned correctly for this group of buyers. If you need help with this (Get ready for the shameless plug), you may consider hiring an innovative Gen-X Jacksonville Realtor like myself.
A quick tip: Gen-X and Gen-Y buyers shop heavily on line before ever making contact. Heck, who doesn’t? High quality photos & videos are absolutely required if you want to stand out in this market.
