The competition in this current Northeast Fl real estate market has never been keener. The wonderful opportunities that currently exist for buyers of new homes in Jacksonville, Ponte Vedra Beach S, Ponte Vedra Beach N, St Augustine, and the newest community, Nocatee, is exhilarating and dynamic. Searching the multiple listings, television ads, newspaper advertisements, and most importantly the internet websites that specialize in Northeast real estate, new and thrilling opportunities are offered almost routinely each day. Some of the most exciting real estate ads are those by builders who have inventory in a community that they are trying to close out. As a real estate professional, I am excited when I identify those wonderful buying opportunities and can pair it with a client who has been unable to find the home they want at a price that is within their budget.

Many of the buying opportunities for new construction are in the condominium market. Builders who have been involved in these communities have a limited number of units available and they are trying to close out their inventory. In Jacksonville, Orange Park, and Fleming Island, I recently became aware of several communities where the builders had drastically reduced the price on their remaining inventory and were offering fantastic incentives to buyers.  The prices for Northeast Fl real estate has experienced a correction in the past six months, however, the reduction in the prices for these condo units far exceeded this correction.

One example of such a buying opportunity  is an upscale condominium community in southside Jacksonville.  This gated community has well-appointed property features such as an elegant clubhouse,  resort-style swimming pools & spas, a dry rock/cedar sauna, business center, fitness center, billiards room, theater/multimedia presentation room, club room/bar , sand volleyball,  tennis court, air-conditioned basketball court, picnic area with BBQ grills, car care center, lakeside pavilion, and a park-like setting. The builder advertised close out prices that are over $40,000 less than what these units were selling for last year. An additional incentive offered by the builder is a 6% payment by the seller towards the buyers closing costs. Current owners of these condos can not compete with these prices.  However, there are a very limited number of homes available and once gone, no more will be available at these prices.

Let’s head downtown and look at one of the real estate opportunities that exist in this vibrant area of Jacksonville. Many business men would love to have a downtown retreat that they could use after working late when traveling home just is not practical. For those who are looking for a starter home and want the convenience of living in downtown Jacksonville Fl, these condos are ideal near North Pearl St. For those looking for a studio apartment, the builder is offering them at a low starting price of $59,900.  The larger studio condo units are priced at $79,900.  One bedroom units in this complex are priced from $86,900 to $89.900. The community amenities include an exercise room, elevators, laundry room and the building has controlled access. Reserved on street parking is provided for one car. Each home is fully equipped with a dishwasher, cable ready, microwave, walk-in-closets, refrigerator, carpeting, ceiling fan and air conditioning.

Heading southwest to Fleming Island, Jacksonville and Orange Park homebuyers are offered condos ranging from $89,990 to $111,990 for one, two and three bedroom units. Again, community amenities provide a clubhouse, swimming pool, hot tub, playground, exercise room, and walking and jogging paths. Previously owned units can not compete with these prices. Again there are a limited number of units available.

In this current real estate market there are many buying opportunities. For Jacksonville homebuyers and Northeast buyers looking for condos, these three examples provide wonderful options to purchase a new condo at  rock bottom  prices.