The love for golf and increased tourism in Jacksonville

As expected, tourism has experienced another mini boom as the The Players Championship brought record tourism to the beaches and greater Jacksonville area earlier this month.  The annual golf tournament attracts thousands of spectators who require lodging at local beach area hotels and all across the city.

On average, the city experienced an 18% increase in hotel bookings in 2016 from the prior year.  No doubt, based on forecasts, this year's tourism results will prove to be much higher when results are calculated for 2017.

Not only does The Players Championship attract golf  fans, but it offers a large gathering for executives who seek business opportunities and have the opportunity to see Jacksonville's  business and coastal resorts as a great location for relocating and conducting business.

Investors taking a look at Arlington

From The Financial News and Daily Records  by K. Mathis, great article about Arlington (Jacksonville)

Investors taking a look at Arlington

New Listing in Jacksonville, Fort Caroline Road

Property for sale by Investor Realty Group, click here for more information

Directions: Atlantic Blvd., exit University Blvd. North to Ft Caroline Rd. Turn right. The property is located on the right just pass a public storage facility. Tenants will be vacating April 15th. Do not disturb

Front View

Porch 

Left Side View

Corner View

1 Car Garage + Driveway

Backyard

Fenced Backyard

Front Yard

2nd Bedroom

3rd Bedroom

Dining Room

Kitchen

Living Room

Master Bathroom

Master Bedroom

Wood Laminate Flooring troughout

New Car Garage Door

Remarks: Spacious single family home. Total Square footage:1,368 including attached single car garage leading to kitchen. Land Zoned Office/Commercial. Ideal for residential or small business owner. Property has undergone many updates in the past year including new flooring, new central A/C, freshly painted exterior/interior, new interior doors/closet doors. New garage door. Cabinetry. Move in condition. Great investment, commercial use (office) or for a home owner seeking a solid CBS home w/ a large fenced backyard. 

Call Seller Directly: 904-629-1420 - Troy Fowler Lc. Real Estate Broker Investor Realty Group

Home Values in Jacksonville Continue to Rise

Jacksonville, Florida like many other  Florida cities have experienced tremendous appreciation during the past 5-7 years.  

Corelogic, a well known mortgage and real estate advisory services firm,  estimated that The Greater Jacksonville area had an overall appreciation rate of close to 8% during 2016. 

While lower appreciation projections are projections are estimated for 2017, the annual rate appreciation rate should expect an estimated growth rate of 5%

Jacksonville beach has passed it's first hurdle by passing the rezoning application for a new mid rise hotel that  was submitted by Atlantis Beach Partners, LLC  The proposed new hotel will be located in the northern section of Jacksonville Beaches and on the oceanfront.  Based on the final outcome, the development may very well become a mixed use property combining both hotel rooms and condos.  

New Oceanfront condos, or hotels have been slow in gaining approval as so many were built during the height of the real estate boom.  As the the beaches area continues to grow  and seasonal visitors and summer tourists are filling rooms, especially during peak periods,  a new development like this is long over due.

This mixed used /oceanfront development would be a welcome addition for condominium owners who wish to reside here year round and be in the center of holiday visitors who frequent this popular destination during the spring and summer months.

Southeastern Grocers

Jax food suppliers continue to continue to consolidate expand and grow in the Northeast Florida region.                 Jax grocery stores such as, Publix, Winn Dixie,  and many others continue to break ground.  

Additionally, we have seen newer niches stores such as Fresh market, Lucky's and local organic stores enter the market to compete for local market share.

Now Harveys Supermarket, a subsidiary of Southeastern Grocers, which also happens to be the fifth largest  conventional style supermarket in the US (based on store count) is now entering the Jacksonville market and converting several Winn Dixie stores to The Harveys name as well as including many upgrades and re branding.  Other Winn Dixie stores will remain as is for the time being.

Harveys is a well respected grocery store brand that is well know  in many southern states.   They are value driven and strive to give the best range of economic value to budget driven shoppers.

Forbes ranked Southeastern Grocers in the the top 100 (#26) of privately held companies in the United States.

The food industry continues to consolidate.  This includes real estate, bulk buying, massive power over farmers and consumer decision making over how and what to buy from big vs. niche suppliers.

Moving into March

Real Estate is moving into March. 

For Jacksonville, that is usually a very good time of year for buyers, sellers and realtors alike to carve out deals and work together with those on the move to make it happen.  Economic indicators all point to a full steam ahead spring  season for the First Coast.

Virtually all sectors in the real estate market are in play or are breaking ground.  This includes single family home communities, office, apartments, retail, warehouses and much more.  
The area is definitely building to keep up with current demand and the ongoing demands and infrastructure needs that will be required to accommodate the industries that have chosen The Greater Jacksonville area to add major business sectors to our area.