Some truths about Northeast Florida’s Real Estate Climate

1. Although sales were significantly down throughout Northeast Florida last year, 2007 was the 4^th highest year for area sales for the past two decades.

2. Our real estate market is already beginning to stabilize!

3. Forbes is high on Jacksonville.  The city ranked 8^th in Forbes.com 10 Best Cites for Bargain House-hunters and 9th in its Best Cities to Buy a Home.  Jacksonville ranked 3^rd in list of cleanest cities and 4^th in its compilation of America’s Best Cites for the Outdoors.

4. Area inflation is less than the rest of the country.

5. Added jobs through the ports.  When Panama Canal widening is completed in 2015 Jacksonville will have the 3^rd largest port on the East Coast. 5800 new jobs are expected from new Asian employers who are opening new terminals.

6. New companies showing an interest in Jacksonville are Deutsche Bank, a cold storage logistics company, European container shipping line, 2 French aerospace manufactures, and 2 British companies. (According to the regional Chamber of Commerce).   This is projecting 1500 new high paying jobs to the area.

7. Market is very favorable for Buyers now and low interest rates.

8. Prices will stabilize and we are already see some areas of price increases.  According to Forbes.com, “Jacksonville didn’t go through an obscene speculation boom, making its recovery cycle far less daunting than other Florida spots.

So what are you waiting for??  Contact me for your Real Estate and Mortgage needs!

David Cool, REALTOR & Mortgage Broker

INI Realty Investments, Inc

904 338 4601

Jacksonville.realtor@yahoo.com

www.DavidCoolRealtor.com