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Tuesday, February 3, 2009

When buying a Jacksonville Condominiums

By A. Kim

There are many available condos in South of Jacksonville Florida such as Point Meadows, Wolfcreek, Overlook, Stonebridge, and Campfield. The building boom of early 2000's have created over supply of Jacksonville condominiums. If your in the market for hands free living these might just be the perfect answer for you needs.

Due to high demands during the height of the housing boom in south Florida, many of the apartment units were turned into a condo creating excess inventories of condos. This left plenty of available living spaces with those size ranging from 1,050 square feet to over 1,500 square pretty large living spaces.

The prices of Jacksonville condominiums have declined in recent years and the average selling prices can go from $125,000 to $300,000, very affordable compare to the height of the building boom. Many developers are offering large incentives and upgrades to buyers to move these inventories.

But one of the markets that are holding up better than rest of the housing market is the luxury condo market. Some luxurious condos have come to market in downtown Jacksonville. For someone willing to pay for luxury, Berkman Plaza Two, Peninsula, The St. Johns, and the Shipyard are good option for investment as well as luxurious Jacksonville condominiums living. The downtown location makes it ideal for those working in downtown, it cuts down on commuting time. In building amenities such as shopping, cleaners, restaurants, and security is other benefits.

There are plenty of things to do in Jacksonville to occupy your time. Water Sports and museums like Museum of Contemporary Art offers you and your family cultural lifestyle as well as fun during your free time.

There are also parks around the city with waterfront where you can spend a day of fun or just hang out enjoying the sunny weather of Florida. Now is the perfect time when the prices are reasonable and the market is poised for rebound after turbulent 2008.

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