When Deutsche Bank opened its offices in Jacksonville several years ago and established trading capabilities, they enticed traders on their New York City desks to relocate here. They promised these traders that they could return after completing their commitment. So how many of the 40 traders opted to return to New York City? None. They prefer the lifestyle and natural amenities (weather, beaches, lack of congestion, etc.) in North Florida — and the lower taxes.
Category: Real Estate
Real estate and development, market news and related topics.
POSITIVE HOUSING MARKET NEWS: Residential real estate sales data in northeast Florida (Jacksonville MSA) indicates closings are up 20% (year-to year comparison), median home prices are up 20% and overall inventory is down 30% (a 4.4 months supply on the market).
How does Amelia Island stack up against its neighbors?
The ubiquitous azaleas are starting to bloom — a surefire sign that spring has come to Nassau County. But something else is happening here. In the air, there is a sweet fragrance of economic activity. The housing market appears to be recovering, retail sales are somewhere between solid and spectacular, and corporate activity is robust. That adds up to a profitable formula.