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 housing bubble.Posted by Brad Officer on