Jacksonville existing home sales buck trend
The number of sales by Realtors of existing single-family homes in Jacksonville rose about 4 percent between May 2005 and May 2006, according to the Florida Association of Realtors. The median sales price rose about 15 percent to $208,700.
The number of condo sales rocketed 35 percent, not taking into account data from the St. Augustine-St. Johns County Board of Realtors, which was not available.
Jacksonville had the largest gain in single-family sales volume among any metropolitan area in Florida.
Tallahassee and Pensacola were the only other cities that did not see a drop in sales.
Statewide, sales were down 24 percent, and the median price rose 11 percent to $256,400.
Nationally, sales dipped 6.6 percent between last May and this May; the median price rose 6 percent to
$230,000, according to the National Association of Realtors.
Jacksonville named a top arts destination
Readers of AmericanStyle magazine, a bimonthly magazine distributed nationally to craft enthusiasts and art collectors, have ranked Jacksonville one of the country's "Top 25 Arts Destinations" for the second year in a row, according to the Jacksonville & the Beaches Convention and Visitors Bureau.
Jacksonville was 24th on the list. New York, Chicago and Washington, DC, were the top three. AmericanStyle's annual poll debuted in 1998, with Jacksonville first making the cut in 2005. Featuring articles on contemporary artists, galleries, arts travel and arts events, the annual readers' poll has earned the magazine national recognition as a premiere arts travel resource.
Jacksonville on hottest economic market list
Southern Business & Development named Jacksonville the 2006 hottest major economic market in the South among cities with populations between 750,000 and 1.99 million. Cities were scored based on major announcements of deals that created more than 200 jobs or featured more than $30 million in capital investment. Jacksonville edged out San Antonio and Charlotte for its first win in the category.
GM to reintroduce zero percent financing deal
General Motors Corp. said Tuesday that for a short time it will offer zero percent financing for up to six years on many of its cars and trucks as it tries to clear inventory off lots in preparation for the new model year.
Company officials said the financing would be offered during a sale that begins Thursday and ends July 5.
The announcement comes at a time when GM says its June sales likely are to be 30 percent below the
same month last year when it was offering the same incentive.
But company officials said they have no plan to return to employee pricing.
Alison Trinidad/The Times-Union 7/5/2006. This story can be found on Jacksonville.com at http://www.jacksonville.com/tuonline/stories/062806/bus_3657191.shtml.
|Metro||State||Median Price||Historical Gain 2001-2005||Forecast
June 2006 / June 2007
|Cape Coral-Fort Myers||FL||$189,000||141.80%||9.30%|
|Deltona-Daytona Beach-Ormond Beach||FL||$200,000||122.70%||7.20%|
|Fort Lauderdale-Pompano Beach-Deerfield Beach||FL||$328,000||145.70%||3.40%|
|Fort Walton Beach-Crestview-Destin||FL||$218,000||125.70%||0.70%|
|Panama City-Lynn Haven||FL||$124,555||102.70%||21.20%|
|Port St. Lucie-Fort Pierce||FL||$250,000||153.50%||7.70%|
*** Forecasts by Fiserv Lending Solutions and Moody's Economy.com