The latest statistics at Trulia have a mixed bag to offer as far as home prices go in Avondale. The fact that they are mixed has got to be good news, especially in this market. First, for the bad news. It isn't surprising in light the fear mongering news media that for the Average Listing Price dropped 7.2% to $390,421 in the past month (week ending Nov 28). The bright side of the story is that the Median Sales Price for the quarter ending Nov '07 rose 4.0%
to $245,000. AND the Average Price per Square Foot also ROSE to $181. That was a modest 1.7% – BUT it did rise!
Riverside was also a mixed bag but it, too, had more on the positive than negative side.
These numbers are also for the quarter ending Nov 28, 2007. The Average Listing Price rose to $502,093. That's a 9.7% increase. The Average Price per Square Foot also made gains of a whopping 12.8% to $123. The Median Sales Price was the sore spot with a 5.0% loss to $211,000. And according to Trulia's heat map, the most popular neighborhoods in Jacksonville, Avondale was numer one and Riverside was number two.
So take that news people! Where's your housing bubble now? Historic homes are and ALWAYS will be a good investment. And for all of you who are looking to buy, you couldn't find a better place to live!
4 comments:
Great work. Thanks for the information.
I hear the BEAUTIFUL house pictured in the story is for sale. Do you know anyone looking?
Is this one on College street? That street is MUCH improved since it went two way--hope the realtors are touting that :)
Well, thanks for the useful information. I like also Fizber.com - one of the most popular real estate websites. This site has plenty of services, for example Moving Services
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