We are #24 on the Top 30 markets to be affected by the coronavirus, which is pretty far down the list – and we’re still relatively affordable when compared to other higher-end areas.
For those who are thinking of moving to a more affordable area and aren’t affected by the statistics, here are my favorites that still have a 2020 median SP under $300,000, in order of how they rank on the list:
Las Vegas – $283,000 (1st)
Miami – $275,900 (5th)
Orlando – $245,000 (6th)
Ft Myers – $235,000 (8th)
Fresno – $265,000 (12th)
Lakeland FL – $193,000 (13th)
Memphis – $145,000 (21st)
Jacksonville – $210,000 (25th)
Daytona Beach – $202,000 (26th)
Phoenix – $288,000 (28th)
And their surrounding suburbs might be an even greater value!
I lived in Jacksonville for a year right after high school. I lived near the beaches area (Jax beach, Neptune, Ponte Vedra). It is really nice area that isn’t over run like South Fla and Orlando.
It is a quick 2 hr drive to Orlando or you can take a puddle jumper to Atlanta. You can reach most International destinations from either airport. Not that any if us are going to travel soon.
Jim – curious how/if you’re seeing the pandemic influence timing around buyer decisions in the Carlsbad area. Considering the subject of the article, do buyers seem to be wanting to wait until late summer/fall to see what happens with the market before jumping in to see if more inventory comes online and/or pandemic pushes prices a tad lower?
Or are folks not letting pandemic related news/worries impact their timing (ie they were planning to buy a home this spring before the pandemic hit and plan to do so if they find a home they like)?
Or are folks not letting pandemic related news/worries impact their timing (ie they were planning to buy a home this spring before the pandemic hit and plan to do so if they find a home they like)?
The challenge of finding the right house at the right price is the #1 priority by far. Timing the market is a distant second…..because it’s easier (but not easy).
Those who are already following the new listings closely are having serious doubts about lower prices. If they were to happen, it would be in select market niches only – prices in the standard newer family tract homes in good school districts are holding up fine. In Carlsbad we can point to La Costa Valley, where any of the 15-20 year old tract houses priced under $1,200,000 are selling briskly.
This Davidson tract house in Carmel Valley sold for $1,920,000 in February, 2015. It just closed again for $2,645,600, more than $50,000 over list price and +38% in five years:
http://sdaerialmedia.com/mls6660-mower-place/