Jacksonville Beaches Real Estate

...A day after the U.S. Commerce Department reported a surge in the sale of new homes across the country, FAR reported that sales of existing single-family homes in the first quarter of 2007 fell 26 percent in Florida, while the median price dropped 3 percent to $237,000. In Jacksonville, sales dropped 14 percent from the first quarter of last year and the median price edged up 1 percent to $199,500. Sales were down by at least 9 percent in 19 of the 20 markets tracked by FAR. Jacksonville was one of only six markets that saw an increase in the median price, with none more substantial than the 4 percent increase in Tallahassee. In the condominium market, things were even worse. The median price of an existing condo in Jacksonville dipped 7 percent to $152,300, and sales were down 23 percent from the first quarter a year ago. Sales were down 30 percent statewide and the median price was up less than 1 percent to $210,800... This info was provided by FAR (FL Association of Realtors) and ...

"...Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.37 percent nationwide this week, up from 6.21 percent last week. It was the highest level for 30-year mortgages since they averaged 6.40 percent the week of Oct. 26.Analysts said the second consecutive weekly increase in 30-year mortgage rates after they had been unchanged or fallen for a month reflected concerns in financial markets that inflation worries will keep the Fed from cutting rates in coming months."Stronger than expected consumer confidence and recent comments from members of the Fed raised some inflation concerns in the market, causing it to lower expectations of a Fed rate cut this year," said Frank Nothaft, Freddie Mac's chief economist." Maybe this is the impetus needed to make some buyers get off the fence. With interest rates rising, NOW may be the time to make that offer on a home you've been looking at! It could mean saving a LOT of money on a...

This is one of my favorite listings! I'd love to show it to you at your convenience. Just give me a call and I'll be happy to meet you there. 34 South 26th Ave Jacksonville Beach, FL This beautiful beach home is just steps to the ocean. It has been completely refurbished, including: new paint, new roof, new appliances, new tile, new lighting fixtures, new pulmbing fixtures, new siding, new insulation, and much more! This home is now like new. Listed at $895,000 MLS #350763