Property values tend to soar when there is a lot of construction plus expansion in the city, and property values in my neighborhood are soaring, thanks to the addition of a city park plus a new shopping mall.
My property was at least 8 miles away from the closest shopping center, however now there are shopping centers, apartments, eating establishments, plus outdoor activities within 2 miles of our home. None of the home buildings have been erected in the same area. It had been a while since I looked at home values for my home. I looked at home values a couple of years ago, when I was thinking about refinancing. My home was worth 20% more than the price that I paid for the property multiple years ago. When I looked at the home value for my Jacksonville property last week, I was surprised to find that it was now worth 40% more than the price that I paid. All of the houses in my neighborhood have gone up since the new additions. As soon as the shopping center was erected, home values in this Jacksonville section rose significantly, then for the first time in my life, I’m thinking about the option of selling this property to buy something else. If I could get a great money offer, I would like to transfer towards the beach. There are a lot of nice condos in Jacksonville Beach plus I would love to be closer to the water. If I could find the right realtor in Jacksonville, I might be able to get a good money offer for my property plus finally make the move.