
Sales volume and median home price drop in July of 08
Single family home sales down 23% in Jacksonville and median home price dropped to $180,800
The condo market is looking gloomier

Sales of condos in Jacksonville dropped 37% and value dropped 13%
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Salt Lake City-based Woodside Homes, Northeast Florida's 22nd largest builder in 2008 based on homes built, has announced it will file for Chapter 11 bankruptcy reorganization by Sept. 16, Big Builder Magazine reported Thursday.
Representatives at the company could not be reached for immediate comment.
Creditors on Aug. 20 filed a petition in U.S. Bankruptcy Court in Los Angeles to force an involuntary bankruptcy on the company. Those creditors, led Metropolitan Life Insurance Co. and John Hancock Life Insurance Co., were joined a day later by JP Morgan Chase, which represents a group of lenders to the company.
Woodside was ranked seventh in revenue among private builders with $1 billion in sales during 2007 and eighth in closings with 2,703, Big Builder Magazine said.
Woodside has built homes in nine different communities in Northeast Florida, including Emilys Walk in Jacksonville and Palencia in St. Augustine.
