How house prices have soared in Jacksonville's most exclusive neighborhoods - Jacksonville Business Journal

Home values skyrocketed across the First Coast over the past several years, driven by a shortage of new homes being built and an influx of new residents.

Nowhere was that increase more visible than in Jacksonville's top neighborhoods, where prices have been increasing steadily for years: In the past five years, the average price of a home in Jacksonville's top 25 most expensive neighborhoods jumped 59.42%, going from an average of $354,984 to an average of $565,913 — a jump of more than $200,000.

A big part of that increase came in the past year, when prices in those 25 neighborhoods jumped an average of more than $90,000, a 19% increase – with 11 neighborhoods growing at an even steeper rate. Click through the gallery above to see how the most expensive neighborhoods rank in their home price growth since last year and over the past five years.Value of homes & lots sold 7/1/2021 - 6/30/2022

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

City of Jacksonville approves $3.8M permit for Arlington Winn-Dixie renovations - Jacksonville Business JournalShaycore LLC is the contractor slated to renovate the 43,615-square-foot store.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Building on pent-up demand, Jax cruise industry hit new height in 2022 - Jacksonville Business JournalWith passengers returning in a big way, here's what the port authority is focusing on now.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Furniture was the biggest mover through Jaxport in '22 - Jacksonville Business JournalTop exports included passenger vehicles, primarily to Nigeria and Cameroon.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Building on pent-up demand, Jax cruise industry hit new height in 2022 - Jacksonville Business JournalWith passengers returning in a big way, here's what the port authority is focusing on now.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Top 10 industries for high-paying remote jobs - Jacksonville Business JournalMany employers are pushing to bring employees back to the office, but new data shows high-paying remote roles are rising faster-than-anticipated. Here are the top 10 industries for remote roles with high salaries.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Sauer gets multimillion-dollar construction contract in Georgia - Jacksonville Business JournalThe company is one of the leading Department of Defense contractors on the First Coast.
Source: JaxBizJournal - 🏆 599. / 51 Read more »