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Tuesday, February 3, 2009

When buying 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.

To reduce the excess inventories of Jacksonville condominiums many of the condo developers have offered upgrades and deals that one can't pass by. The price ranges of these homes are $125,000 up to $300,000 low compared with early 2000's where many of them were priced twice what it is now. You can leverage the buyer's market to get a good deal on one of these condos.

The luxury condo on the other hand have been stable for the last couple of years. With some luxury condos being delivered in downtown Jacksonville like The Shipyard, St. Johns, and Berkman Plaza Two. If you are willing to pay the high prices and have enough cash this will be a great investment for those who want to live close to downtown in the southside of Jacksonville. Amenities such as dry cleaning, shopping, restaurants, and security are within the building for convenience.

There are plenty of things to do in Jacksonville to occupy your time. Water Sports and museums like Museum of Contemporary Art offers you and your family cultural lifestyle as well as fun during your free time.

There are also parks around the city with waterfront where you can spend a day of fun or just hang out enjoying the sunny weather of Florida. Now is the perfect time when the prices are reasonable and the market is poised for rebound after turbulent 2008.

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