Salem Hassan is a business marketing director for BreezeGoSEO.com, an Internet Marketing Agency. Salem writes on a wide spectrum of topics related to family, business, consumer best interests, marketing, and other related topics.
For the first time in at least ten years, the property values in Jacksonville have gone down. According to the property appraiser's office, the commercial market value had dropped 6.49 percent from last year. This have caused sales of existing homes to rise statewide and in Jacksonville. According to the Florida Association of Realtors, the median sales price continued to fall compared to about a year ago resulting with prices being down in nineteen of the twenty markets.
In Duval county, the taxable value, or the value an owner pays taxes on for their property, has dropped even further by 7.61 percent during the same period as when the market value fell. These are surprising since values have stayed flat from 2007 to 2008 and increased steadily other years. Residential property has declined 8.2 percent in market value, which resulted in the increase of home sales in Jacksonville. Sales of single-family homes have gone up 16 percent, in Jacksonville, compared to around this time last year.
The Florida Association of Realtors has reported that the median price in Jacksonville is $162,000, down 18 percent from a year ago. The statewide median price has dropped down even lower to about $150,000, which was down 28 percent from last year. This can be accredited to the sales of foreclosures and other properties that have been sold at a discounted rate compared to other homes on the market, according to analysts with the National Association of Realtors.
The decline in property values, along with increasing vacancy rates, has driven the property owners' net income to go down. In Duval county of Jacksonville alone have decreased in revenue estimated at about $30 million because of the drop in property values, $13 million of which are from commercial property values. Property owners in Jacksonville will be at least be holding on for a while until the prices go back up to what they had paid for it.
If you are a first time home buyer, now is the perfect time to look for your first house. Be sure to look out for foreclosures and other properties that are at a low price.
For more information please visit <a onClick="javascript:pageTracker._trackPageview('/outgoing/article_exit_link');" href=http://www.AlberreAppraisalGroup.com>www. AlberreAppraisalGroup.com </a>
- Related Videos
- Related Articles
- Ask / Related Q&A
- Do You Need A Real Estate Appraiser When Buying A Home Or Condo?
- Real Estate Investment. the No. Factor
- Home Appraisals – What is it and Why get one?
- The Cost of Getting a Property Appraised
- What Appraisers Look For
- Commercial Real Estate: Back on your Feet
- Real Estate - Is it a Mistake to Re-Finance?
- What Are Real Estate Short Sales?
Buying Real Estate in the Philippines
By: Ace | 08/12/2009The Philippine real estate sector has been experiencing a property boom as indicated by the awakening of the real estate industry. Recovering from its long swoon, Philippine real estate, especially in Metro Manila, is experiencing an extensive transformation.
Learn 7 Things While Visiting a Home for Sale
By: Elizabeth Dennis | 08/12/2009New Home Buyers - Learn seven important facts about each home you visit.
We Buy Houses in Fairfax Virginia in 7 Days or Less
By: We Buy Fairfax Houses | 08/12/2009Their is a solution to selling your house fast in today's market. Sell your Fairfax Virginia house to us! WE BUY HOUSES We buy houses from people in situations just like yours in almost any area of Northern Virginia that are in any condition or price range. We specialize in finding creative solutions to real estate problems that others won't touch. We can pay all cash, take over your payments or lease-purchase your house immediately!
Online Real Estate Guide: Apartment Hunting Tips
By: Ace | 08/12/2009There is no doubt that the fastest way to find an apartment is through the internet. There are many real estate portals that feature a wide range of apartments in Manila. You can also make your renting or buying of apartment in Manila effective by partnering with Umbrella Online Real Estate.
Three Things You Need to Know When Financing Your Miami Real Estate Purchase
By: Mark Ferrer | 07/12/2009First-time buyers should know just how to purchase Miami real estate properties correctly in order to avoid any financial gaffe. There are, however, three important terms that everyone needs to know when looking for the right financing: fees, purchase points and rates. And if you're quite unfamiliar with these three, here is a guide to help you.
Helpful Guidelines in Choosing a Lender When Buying Coral Gables Real Estate Homes
By: Mark Ferrer | 07/12/2009The importance of financing when buying Coral Gables real estate homes, or properties in other areas, cannot be stressed enough. While it’s definitely feasible for some to pay cash, remember that a sum as large as that can be used for other important expenses. And even if you can afford a property, it doesn’t mean you have to settle for just any lender. To avoid future financial debacle, here are some ways to choose right lender.
Consider Alternative Mortgages When Buying Miami Luxury Homes
By: Mark Ferrer | 07/12/2009Miami luxury homes are not reserved for the elite. Even some of these properties are quite affordable for many buyers. Unfortunately, they are oftentimes cannot be bought through conventional mortgages or even FHA loans. There are, however, several alternative mortgages that can improve the chances of buyers in effectively financing such a purchase.
Essential Tips for Would-Be Miami Condos Owners
By: Mark Ferrer | 07/12/2009Miami condos ownership is essentially different from conventional homeownership. There are other considerations involved, including common areas, condo community, homeowners association and many more. When you're about to embark in this real estate journey, check out these simple yet useful tips to aid you along the way.
SEO – Do It Yourself
By: Salem Hassan | 01/12/2009 | SEOSo you finally have your website up and running and you don't have any clue on what to do next. Of course the next logical step is to figure out a way to get people to come to your website, but how do you go about doing that? The answer is SEO, or search engine optimization. Basically it is increasing your rank within search engines so that you appear within the first few pages in the results when someone tries to search for specific keywords. You can always pay someone to do this for you, bu
BreezeGo India Services
By: Salem Hassan | 26/11/2009 | SEOBreezeGo can offer specialized services in everything from effective search engine optimization to attractive web site design, proper web site maintenance, and efficient optimized content writing. Though BreezeGo is proficient creating a stylish site it is not there only attribute. BreezeGo's highly-skilled computer experts know all there is to maintaining web pages and generating high-amounts of traffic for those web sites.
DIY- SEO tips and Tricks from Breezego India
By: Salem Hassan | 26/11/2009 | SEOSo you finally have your website up and running and you don't have any clue on what to do next. Of course the next logical step is to figure out a way to get people to come to your website, but how do you go about doing that? The answer is SEO, or search engine optimization. Basically it is increasing your rank within search engines so that you appear within the first few pages in the results when someone tries to search for specific keywords.
Roughing It With Tents Versus The Luxury of RVs
By: Salem Hassan | 23/11/2009 | RVsWhen you finally decide on going camping, the next step is figuring out what type of camping you would want to do, either camping in a tent or choosing to stay in an RV. It all depends on how you feel, whether you want to rough it on the ground or stay comfortable in an RV. Both choices have their pros and cons. For some people it's not as easy as just flipping a coin, some may think staying in an RV isn't really camping.
Relieve Stress with an Answering Service
By: Salem Hassan | 20/11/2009 | Customer ServiceLet's face it, with more business comes more stress. You have to figure out how to handle the entire load that your business is now pulling in. Even though that is good and all, you are left stressed out trying to handle everything yourself. If you are a small business owner, this can be quite stressful. You are left answering the phones, taking orders or reservations, trying to deal with your customers or clients AND still trying to get your business running. This can be a lot for one or eve
Use Solar Energy for your RV!
By: Salem Hassan | 19/11/2009 | RVsWith the economy having a hard time getting back up from its fall, people are looking for more and more ways to save money. So instead of taking plane trips to the Caribbean, more people are turning to road and camping trips.
A Few Things to Remember When Securing Your Home
By: Salem Hassan | 19/11/2009 | Home ImprovementThe first thing first time home buyers always think about is furnishing their home; making it their own. They sometimes don't realize they need a security system until its too late. When they finally think to get one, they may think a system is sufficient enough and miss a few crucial parts around the house that could be an entrance for a burglar. It is imperative that people know how to fully secure their home and deter any potential burglars or, even worse, a criminal.
SEO and Web Design Go Hand In Hand
By: Salem Hassan | 19/11/2009 | SEOThe most successful websites out there have two things in common: great web design and SEO strategy. As we all know, search engines are not able to find specific sites from their images, that's why having a good SEO strategy is key to generating traffic. That is not to say all you need to have a successful website is to have good SEO. There's a saying that goes, “You never get a second chance to make a first impression” and it's true. What's to keep a visitor on your page and coming back if