|
An important trend to point out is how the bottom of the market is disappearing. Many of the older homes are being torn down and rebuilt or remodeled, dramatically increasing their values. A small "fixer upper" now starts at over $500,000.
These are just a few statistics illustrating how the bottom of the market is shrinking and the top end of the market is expanding:
Homes sold for over $3,000,000
- 11 sold in 2003
- 21 sold in 2004
- 39 sold in 2005
Homes sold for under $500,000
- 78 sold in 2003
- 64 sold in 2004
- 41 sold in 2005
*As of 1/30/06 there are NO homes in Jackson listed for under $500,000
|
