Jacksonville Rehab Deals brings you….Jacksonville Florida….the last frontiers left in Florida.
Every where you look people are saying Florida is dead.
Here is a report released by eppraisal.com
ORLANDO, Fla., June 2, 2008 – Today eppraisal.com released their National Market Analysis Report for the three months ending April 2008. Of the 187 market areas tracked across the U.S., 65.8 percent show a decline in home values.
California and Florida continue to lead the decline. Over 80 percent of the areas tracked within those two states saw a decrease in home values. For example, Merced, CA saw a double-digit decline to $192,000, which is an 18.64 percent decline. Punta Gorda was at the bottom of Florida’s list with an 11.58 percent decline in home values to $145,900.
Despite the high rate of home value decline in Florida and California, some areas in those states did see an increase. Jacksonville, FL increased by 2.85 percent to a median home value of $179,000. In California, Redding and El Centro had an increase of more than 2 percent. They went to $232,000 and $235,000 respectively.
Other states showing reasonable gains in home values include Ohio, Washington, and the Carolinas. In Ohio, both Akron and Dayton saw over a 3 percent increase in median values. Akron increased to $109,000 and Dayton to $90,600. In the West, home values in Tacoma WA increased by 2.34 percent to $272,740, and Seattle-Bellevue-Everett saw a small increase of 0.73 percent to a median value of $415,000. In the Carolinas, Fayetteville, NC increased by 8.10 percent to $133,500, and Spartanburg, SC saw a 4.88 percent increase in home values to $86,000.
Flint, MI continues to remain at the bottom of the list with a 19.85 percent drop in its median home value to $44,000. Merced, CA is second from the bottom followed by Salinas, CA and Sumter, SC. Salinas, CA dropped by 18.37 percent to $400,000 and Sumter, SC dropped by 17.62 percent to 86,500. Overall, 13.4 percent of the areas tracked in the report saw double digit declines
The eppraisal.com National Market Analysis Report is attached. It shows the median sales price of existing single-family home sales in the three months ending April of 2008 along with the percent change from the prior three months ending January of 2008.
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