Alex Sifakis, JWB President provides an update of two new facts that impact the Jacksonville real estate market.
Jacksonville median home prices are still far below the peak we saw in 2006. Prices now are 25% below that peak while several other markets have already appreciated back to or above their 2006 peaks. the fact that we're still below that is a great indicator that there is still a high potential for future appreciation.
Another important fact is we are a logistics mecca in Jacksonville. There is a huge infrastructure with the Jacksonville port, rail lines, and main highways all intersecting in the city. Global Trade Magazine just named Jacksonville a top 10 city in the country for a logistics infastructure. There are a lot of companies who are moving to Jacksonville and that is a great benefit to Jacksonville.
Alex Sifakis is the President of JWB Real Estate Capital. JWB serves clients in 12 countries and 33 states who have invested in over 700 investment properties since 2006. In 2012, JWB was recognized as the #12 Fastest Growing Real Estate Company in the US by Inc. Magazine. To learn more about our team and our investments, please call (904) 677-6777.