Current Real Estate Market Trends:
Average price per square foot for Jacksonville FL was $72, a decrease of 12.2% compared to the same period last year. The median sales price for homes in Jacksonville FL for Feb 10 to Apr 10 was $105,000 based on 1,574 home sales. Compared to the same period one year ago, the median home sales price decreased 15.3%, or $18,900, and the number of home sales decreased 19.3%.
The average listing price for homes for sale in Jacksonville FL was $249,701 for the week ending May 12, which represents an increase of 0.5%, or $1,177, compared to the prior week. Popular neighborhoods in Jacksonville include Riverside and Mandarin, with average listing prices of $429,104 and $562,876.
History of Jacksonville:
Florida’s largest city, is located in Duval County in the northeast corner of Florida, on the banks of the St. Johns River and adjacent to the Atlantic Ocean. It is the largest metropolitan area in northeast Florida and southeast Georgia.
Starting in the 16th century, French, Spanish, and English explorers and colonists were attracted to the region by the St. Johns River. The site was settled by Lewis Hogans in 1816. Jacksonville was laid out in 1822 and was named after Gen. Andrew Jackson, the first military governor of Florida. It was incorporated as a city in 1832.
During the Civil War, much of the city was destroyed by Union forces, who occupied Jacksonville four times. The city was rebuilt and, following the development of its harbor and the railroads, quickly became the transportation hub and leading industrial city in Florida by the 1880s. In 1968, the city and county governments consolidated.
Jacksonville is the leading transportation and distribution hub in the state. However, the strength of the city’s economy lies in its broad diversification. The area’s economy is balanced among distribution, financial services, biomedical technology, consumer goods, information services, manufacturing, and other industries. Jacksonville has the largest deepwater port in the South Atlantic and is a leading port in the U.S. for automobile imports.