Market Update

These five new construction projects prove that home builders are back in action across Jacksonville.

Avalon in Ponte Vedra Beach and South Jacksonville Beach

These lots and custom homes are going FAST, mostly due to the fact that there hasn’t been a new development within walking distance of the beach in PVB in several years, so if you haven’t heard of this new community yet, now is the time to take notice.

The Jacksonville Real Estate market continues to see a recovery towards a more healthy, stable marketplace, but at a more moderate pace. This isn't a bad thing - it means that the rise to normal inventory numbers and prices will be stable and less likely to falter. Some potential trends to watch for this year include increased seller activity as sellers become more confident in the market, more new construction to help combat low inventory numbers, and fewer foreclosures on the market as they continue to be picked up by investors and buyers willing to work with them.

Another builder has jumped into the new construction storm swirling around Jax, this time targeting an underdeveloped area of Southside. ICI Homes started construction on its new mixed-use community, Tamaya, at the intersection of Beach Boulevard and Kernan, with eight model homes set to break ground in January to showcase the varied Mediterranean home styles for interested homebuyers. Tagged as a high-end development "between the city and the sea," the master-planned community will combine Old World architecture with first-class amenities and a European Village.