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What is the atmosphere of the real estate market in Jacksonville, Florida?
Home » » Jacksonville, Florida Real Estate » What is the atmosphere of the real estate market in Jacksonville, Florida?The market is booming in Jacksonville! Real estate in Jacksonville has become some of the hottest property on the market, making the city the 18th largest real estate market in the United States. The turn-around on reselling your real estate is very quick. Most homes sell within one month of going on the market, but it is not uncommon for a house to sell within a week.
Real estate in Jacksonville, Florida is considered to be a great investment because of the ease of the sell. In addition, the cost of real estate is continually on the rise, making a wonderful profit on your original investment. In 2004, 16,150 homes in Jacksonville sold for a 15 percent gain, and the median sales price also rose 15 percent.
Condominiums and condominium communities are extremely popular in Jacksonville. Condominiums are great for summer vacation homes or for rental property for tourists, making them a great investment. One popular option is golf vacation condominiums, since golf is “king” in the area. In Jacksonville, you are nearby the PGA headquarters for the nation and several championship golf courses.
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