Julington Creek Real Estate Market Trends – Florida

Julington Creek/Fruit Cove Named Best Suburb in FL! - Thursday March 25th, 2010 11:42am
The Julington Creek/Fruit Cove area is known as a great suburban area with the best Public School System in Florida, and now it has been named the Best Affordable Suburb in Florida!

Fruit Cove in Northern St. Johns County has been named one of the best affordable suburbs in America in 2010 by Bloomberg BusinessWeek. The magazine chose one suburb from each state. The magazine considered factors such as livability (short commutes, low pollution, green space), education (well-educated residents, high test scores), crime (low personal and property crime), economy (high job growth, low unemployment rate, high family income) and affordability (median household income, cost of expenditures).

According to BusinessWeek Fruit Cove only started developing over the past 20 years, but has become the fastest-growing place in Florida. "It still does not have many retail businesses but has attracted many families," the magazine's Web site said about the community. "Fruit Cove is known to locals as a community-oriented, middle-class neighborhood."

Fruit Cove has a population of 28,462 and 55.7 percent of the residents are married with children.

The median family income is $105,879, the median home price is $245,990 and the unemployment rate is 9.6 percent in Fruit Cove.

I specialize in working with home buyers and sellers in the Julington Creek/Fruit Cove area. Please call me if you are interested in buying a home in The Best Affordable Suburb in Florida! (904) 859-1535.
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Don't Miss Out on Tax Credit! - Tuesday March 23rd, 2010 12:03pm
As I am sure you may have heard, the United States government is providing an incentive for home buyers through a tax credit of up to $8,000 for first-time home buyers and $6,500 for "step up" home buyers (Long-Time Homeowners). The deadline is almost here, so if you are thinking of buying a home in the near future, don't miss out! To be eligible, you need to be under an accepted contract by April 30, 2010 and close by June 30, 2010. The home buyer tax credit has a number of conditions and restrictions, so I have provided the brief overview below to help you understand how it works.

Please call me at (904) 859-1535 so that I can begin helping you with your home search. I look forward to hearing from you soon!


Home Buyer Tax Credit At-A-Glance

First Time Home Buyers "Step Up" Home Buyers (Long-Time Homeowners)

Credit Amount 10% of your purchase price, up to $8,000. 10% of your purchase price, up to $6,500.

Who is Eligible?

To qualify as a first-time home buyer, you cannot have lived in a home you owned in the three years prior to closing.

To qualify as a "step up" home buyer (i.e., a "long-time homeowner"), you must have lived in the principal residence that you owned for five consecutive years out of the last eight.

Income Qualifications

Income limit of $125,000 for single filers, and $225,000 for joint filers, with a partial tax credit for people whose income is within $20,000 of limits.

Personal Qualifications
You must be a United States citizen (or certain resident aliens), 18 years or older, and not a dependent on someone else's tax return.

Property Qualifications
The property you are buying must be in the United States and must be purchased for $800,000 or less.

Deadline
You must be in contract by April 30th 2010, and close by June 30, 2010.

Other Major Restrictions
You cannot buy from a close relative, or from a corporate entity you control.
You cannot sell or move out of the home for at least three years after closing, or you have to pay the credit back.

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