Where to invest in Real Estate now?
Jacksonville hits the news again with another positive outlook. This clip from Fox News interviews a real estate analyst who picked two cities in the United States that have the best outlook for real estate and home values. While Florida still has a long road ahead before getting “healthy” again, Jacksonville, and really Northeast Florida as a whole, was never in as bad of shape as the rest of the state and therefore is healthier far sooner.
While owning and operating a new home construction company may seem scary for most, if you’re in the trenches of the real estate market, you know how much opportunity there is here in Northeast Florida. There are certainly submarkets here that have not recovered, however most of the areas here have a low supply of vacant building lots which is causing the resale inventory to be consumed at a quicker pace. In fact, there are several submarkets that are close to being undersupplied with resales too.
Overall, Northeast Florida is in our opinion the best of all worlds. We’re far enough north to have 4 seasons, yet far enough south to have mild and cool weather in the fall and winter months. The Atlantic Ocean, St. Johns River, Intracoastal, and all the various tributaries create a beautiful landscape for which to live. Depending on where you live, downtown historic St. Augustine is no more than an hour away as well as historic Fernandina Beach, St. Marys Georgia, and the various historical areas within Jacksonville proper. Our shopping is plentiful and our infrastructure is well-planned and not very congested. Between the various college teams, professional teams, and the Jacksonville Jaguars, there are always games to attend. There are two state universities (University of North Florida and Jacksonville University), a local college (Florida State College of Jacksonville), and in most cases, absolutely wonderful public schools. We also have fantastic fine arts venues. Look around and you’ll always find places to go and things to do.
So, with an improving real estate market, affordable homes, new jobs being created, beautiful natural elements, and great venues for entertainment, this begs to ask the question, “Why aren’t you living here?”