JaxPoliticsOnline.com

Observations and musings on Jacksonville Politics

Jax Home Values Plummet

According to The Jacksonville Business Journal, 30% of the homes sold in 2008 were sold at a loss.

Overall home values in Northeast Florida fell 11.6 percent in 2008, according to the latest data from Zillow.com.

Median home sale values fell to $163,800, compared to the market peak of more than $210,000 in mid-2006, with nearly 30 percent of all homes selling at a loss.

Single-family home values fell 11.2 percent, while condo values fell 17.3 percent.

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One Response - Comments are closed.

  1. leftfoot says:

    That’s definitely a noted loss, but it’s not as bad as Miami, Orlando, Daytona and the Tampa areas. (Which were in the high teens and low 20s range.)

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