So this morning I got this report from zillow.com stating that Jacksonville has seen an 11% drop in home value from the 4th quarter of 2007 compared to the 4th quarter of 2008. I did some quick calculations and overall, the Intown Neighborhoods have seen the same drop when taken collectively as a whole.
Individually, Springfield is the bright spot with a 16.5% increase in value.
Zillow.com also reported the average value at $148,000. The Intown Neighborhoods are all much better than this:
Springfield is at $198,420
Riverside/Avondale is at $202,311
San Marco is at $345,525
Like other urban neighborhoods around the United States, Jacksonville's urban neighborhoods, while seeing a decrese in value due to general market conditions, are still overall retaining more value than other neighborhoods. This is due to a general trend back into urban centers that will continue into the next few decades as Americans become more conscious of the benefits of urban living such as: walking distance to restaurants and shops, front porch neighbors, conservation of energy, etc.
Amanda,
ReplyDeleteThis is your mother and father in law and your jewelry is BEAUTIFUL !!!!!
Keep going, sweetheart --- you're doing great.
Dad Searle