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Cities With Least Realistic Home Prices


  • Median listing price: $184,775
  • Median sales price: $121,600
  • Difference: -34%

Jacksonville’s real estate market is experiencing a dilemma it hasn’t dealt with since before the property crash of 2008, brokers say. “Our available inventory is down drastically from last year,” says Carey Frankel, a realtor based in Ponte Vedra Beach, which is part of the metro area of Jacksonville. Multiple offers on foreclosures and well priced short sales are common, he says. In fact, there are about 8,000 homes on the market in the Greater Jacksonville Area — about half of what was available four years ago, says Tobin Bossola, a realtor based in Jacksonville. Before 2008, Jacksonville suffered from less speculation than popular tourist destinations like Miami, Bossola says. “We also don’t have a big transient population,” he says.

There is good demand for relatively low-priced condos between $40,000 and $70,000 among investors, Bossola says: “The conversation is going to start changing from this being a buyer’s market to a seller’s market.” Still, there are 3.6 foreclosures per 1,000 loans in Jacksonville, higher than the 1.5 per 1,000 nationally, according to RealTrac.com.

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    • -1′

    • I am NAR and you can rely on my “data.” Trust me…Have I ever lead you wrong before?

    • The truth is that banksters are MANIPULATING the nationwide RE market by carefully rationing the amount of distressed properties that they allow to TRICKLE onto the open market.

      At the same time, most Americans currently buying homes are FHA-sponsored DEADBEATS who can barely manage to scrape together the prerequisite 3% downpayment. Is it any wonder that 15% of these slobs fall into DEFAULT (yet again) withing the first 24 months?

      Good luck trying to “fix” the U.S. economy by openly promoting

      Why would ANYBODY with REAL

    • my best friend’s mother-in-law brought home $12987 the prior month. she is making income on the laptop and got a $519600 house. All she did was get fortunate and follow the steps explained on this link (Click on menu Home more information) http://goo.gl/z7U5j

    • Here in the Inland Empire (California’s San Bernardino / Riverside Counties) the asking for resale depends upon the seller. Whether the seller is selling short or bought too high and wants to get their money back. The medium 4 bedroom 3 bath 3,000 square foot home is $425,000 being listed as $500K plus. The selling price however averages $328K and is going downward on buy offers going lower. The figures are based upon 76 resale homes sold.

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