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Wednesday, February 4, 2009

Purchasing 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.

The size of these condos range anywhere from 1,050 to 1,500 square feet which is a good living space. Demands were so strong in the speculative days of condos that many apartments were converted into condominiums, which left many inventories of condos unsold.

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.

Lots of water sports and many outdoor activities are available in close proximity. Museums like the Museum of Contemporary Art in Jacksonville is a great afternoon activity for you and your family.

Just hang out with your family in the park or waterfront enjoying the nice weather that Florida offers. Before the housing market rebound, check out the condos in Jacksonville.

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