Not a surprise on this map.  Just about every area of Jacksonville is down in value as is most of the rest of the free world.  Even some of the "Best Locations" suffer equally as bad in this real estate down cycle.

Some of the North Jacksonville homes are actually appreciating.   Zip Codes for appreciation are 32202, 32206, 32208, and 32209.  Again, no surprise.  The areas in red are made up of very affordable housing that doesn't take much increase in price to affect the overall %.

The 2nd quarter map is due out in July, and I anticipate more price depreciation from 2008 numbers as most of us do.  Further increasing the affordability of homes in Jacksonville for today's home buyers while further decreasing the overinflated prices from the…

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Homes for Sale in Jacksonville -> Time is of the Essence!

If you are considering the purchase of a home in Jacksonville, don't try to time target the bottom.....you may miss it!

Key Factors to Buy Now:

  1. Deals: Deals are everywhere!  Most sellers who are not distressed sellers are becoming more realistic about today's Jacksonville Real Estate Market.
  2. Short Sales: Banks are getting very aggressive to move these homes before they have to foreclose and manage the property themselves.  They are very willing to take low offers to make it happen.
  3. Interest Rates: Rates are low but have started creeping up a bit.  Some estimates are saying this summer is it for low rates for some time to come.  Low rates = more buying power.
  4. $8000: Great…

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Jacksonville Homes For Sale Lead the Nation in Price Slashes!

This is not the best news! Based on a recent Trulia study, Jacksonville tops the nation in price cutting with 36% of all homes that get listed for sale, end up dropping their price.  This tells me those homes were over priced when they were originally put on the market for sale.  The Times Union did a story on this.

If you have a home to sell in Jacksonville, FL, do not fall victim to Nostalgia Pricing.  Definition:  Dreamy price appreciation of 2005.

Instead, price it correctly for today's real estate market, and watch it sell!  The buyers are out, looking, and making offers.  They want a Deal!  Don't get passed up by the Buyer who says "Their dreaming" after seeing your asking…

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This past week I visited several Homes for Sale in Jacksonville.

While walking through the houses, my buyer client and I both noticed several Do It Yourself projects gone bad!

The Do It Yourself craze has been great.  We all have updated and upgraded our homes while saving money and learning some handyman skills.  Unfortunately, the quality of work hasn't always been stellar and a few projects stand out like sore thumbs.  Uneven grout lines, bad paint jobs, botched drywall patches, and messy crown molding are the usual culprits.

If you need to sell a home in Jacksonville and the house needs updates, hire a handyman that has done the work before.  If you already have a project gone bad - Get it fixed ASAP!  Buyers don't want to come in and have to…

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