Northeast Florida Attracting Corporations, Lifestyle Pleasing Executives

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.

REAL ESTATE DIGEST: Housing Market News, Northeast Florida & Statewide

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).

Amelia Island Affluence: Average Household Income $80,000, Net Worth $700,000

How does Amelia Island stack up against its neighbors?

NASSAU COUNTY, FLORIDA: Spring 2013 Brings Sweet Fragrance of Economic Activity

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.