Jacksonville FL Real Estate Update

Jacksonville, Florida Real Estate - Defining a 'bad' real estate market?

It's not a secret.  Everybody knows it.  The real estate market is bad... bad, bad, bad!  Right? 

Maybe... or maybe not.  I think it depends on an individual's perspective.

For the better part of the last two years, that's all we've heard and read in the news... the real estate market is bad.  But what exactly does that mean?  What makes it a 'bad' market? 

As it is being described/defined in the media, a 'bad' market means that fewer properties are being sold now than were being sold a year ago.  This reduction in the number of sales has very obvious and meaningful negative effects on businesses, individuals and the economy in general.  Fewer sales means fewer workers in the immediate industry and the many support industries as well.  There is no doubt about it... that is bad! 

But what does this mean for individual home sellers and home buyers?  Does this reduction in the number of sales/transactions automatically signal doom and gloom for them?  More specifically, if you are in the market to either sell or purchase real estate, just how does this market shift affect you on a personal level?

The terminology used to describe this current "bad" market is Buyers Market.  All this means is that there are more sellers in the marketplace than there are buyers.  As with any market or product this results in lower prices (that's just basic economics).

Now, if we are talking about oil and we pick up the newspaper and read that it is a buyers market in the oil industry I dare say that most people reading this would say that is a 'good thing'.  Why?  Simple - because that would mean that we (consumers of gasoline) will be paying LESS at the pump.  Why would we expect to pay LESS?  Because the sellers of the oil would need to increase the volume of gas sold to make up for the shortage of buyers.

This is exactly what has happened in the real estate market.  Just like oil, real estate prices got so high that buyers quit buying.  And, in turn sellers are being forced to reduce prices on their real estate in order to entice buyers 'back to the pump'.

However, in Jacksonville a homeowner who wants to sell is still likely to make a decent profit (unless he happened to have purchased within the last year or two).  If the seller has owned the property for at least 3-5 years, his ROI will, in most cases, be quite respectable.  In fact, if he has owned the property for 5 years or more (and has not refinanced his equity in the meantime) he should enjoy a rather nice ROI.

All financial markets fluctuate.  There are bull markets and there are bear markets.  There are booms, busts and corrections.  This is nothing new. 

If you want to sell and 'move up' in price, this is an ideal time (if the reasons aren't obvious, contact us and we will go over it with you).  If you need to sell, you have little choice but to sell at market value regardless of the amount of ROI you enjoy.  If you do not need to sell now, then simply wait until the market turns again... it will.

Don't allow the 'big picture' cloud your 'personal and immediate picture'.  Apply a little perspective to your individual situation and you may be surprised and encouraged to learn that it's not all bad... not by a long shot!

We invite you to visit our website and/or contact us to discuss your particular needs.  We are more than happy to help in every way possible.

www.BestHomesInJacksonville.com

Homes for Sale in Mandarin, Jacksonville, Florida

While much of the nation is in a housing slump, homes for sale in Mandarin, Jacksonville, Florida continue to sell at reasonable prices in a relatively short amount of time.  We've all heard that "All Real Estate is Local" and that is certainly a well observed fact when looking at the Mandarin, Jacksonville, Florida Real Estate Market.

This is not to somehow imply or suggest that Jacksonville, Florida has been immune from the general downturn in the real estate market but the city has definitely fared much better than the rest of Florida and the nation as a whole.  And within the Greater Jacksonville, Florida Real Estate Market individual neighborhoods have fared better than some others.

Mandarin, Jacksonville, Florida is one of those local pockets that has held up quite well.  Prices generally range from the mid-100s to well over a million dollars.  Here is a prime example of just how much home you can get at a reasonable price in Mandarin.

Click here to view a beautiful 1428 SF, 3Bed/2Bath home in Mandarin, Jacksonville, Florida.

Audio/Video Presentation

Homes for Sale in Jacksonville, Florida - Mandarin

Like most large cities, Jacksonville is made up of many smaller communities; each unique in personality, amenities, opportunities and homes for sale.  One of the most popular is Mandarin, a modern community bustling with growth and activity on the south end of the Greater Jacksonville Area with homes for sale from the mid $100s up to a million and more along the riverfront.

Check out this beautiful, affordable Mandarin home with pool on a large pond and Video Presentation

Mandarin's roots are said to date back to the Civil War.  The building that is home to the Mandarin Community Club was rebuilt in 1872 after a fire destroyed an earlier building on the site.  Harriet Beecher Stowe, famed author of Uncle Tom's Cabin and longtime winter resiendent of Mandarin, led the project.

Since before the Civil War until nearly 1975, Mandarin remained a primarily rural communtiy, with much of the business in agriculture. Today, Mandarin is a thriving area with more than 10,000 residences and plenty of upscale retail centers and businesses.

Bordered by the Beauclerc area on the north, beautiful/navigable Julington Creek on the south and the mighty St. John's River on the west, Mandarin offers her residents a fabulous suburban, family-focused lifestyle in one of the most quaint, charming and history-rich areas in Northeast Florida.

There are numerous choices for home buyers throughout the area ranging from the mid-$100's to several million dollars for waterfront estates.  Many of the properties boast canopies of huge oak trees tha put on an incredible natural display for local residents.

Quality education is a priority for many of these families and the area schools reflect that commitment providing among the best scores in the area.  In addition to the excellent public schools, Mandarin is home to several private and parochial schools for every grade.

Audio/Visual Presentation of Jacksonville

The community is central to Southpoint and Phillips Highway business, making it a convenient commute for those who work in the area and providing easy access to all main roads to navigate to any location in the Greater Jacksonville Area.  Downtown, performing arts centers and the sports arenas are all within 20 minutes of Mandarin.

Malls, restaraunts, medical facilities and entertainment are located in and around Mandarin making it an ideal area for families of all sizes and types.  The area is also home to several synagogues and various churches totally about 40 houses of worship within minutes.

Another drawing card to the area are the many beautiful neighborhood parks, natural waterways, marinas and nature trails throughout.  Area residents have everything they desire for their active lifestyles.

For more information about Jacksonville, Florida Real Estate and thousands of featured listings, visit our website at BestHomesInJacksonville.com.