"Timing is Everything." Amelia Island Home Deals
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Real Estate News
The Amelia Island area, in general, seems to be attracting south Floridians (and is, as always, a beloved second home market and vacation getaway for Georgians). Coming to Fernandina Beach and Amelia Island is “a breath of fresh air” for some former south Floridians who wanted to escape over-crowded cities (and crowded waterways for that matter). Atlanta residents, too, head to Amelia Island to escape the big city and enjoy this charming barrier island. Amelia National Golf & Country Club is attracting its fair share of relocating south Floridians...READ MORE ABOUT NEW HOME DEALS...
Biggest Problem For Home Sellers: Supply
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Real Estate News
The biggest problem for potential sellers in the current real estate market on Amelia Island and elsewhere can be summed up on one word – supply. There’s a huge amount of inventory on the market. Since “feeder” markets are slow, we’re experiencing the domino effect. Potential buyers are sidelined for the home they’d like to purchase here in this coastal paradise, because they first must sell a home elsewhere. READ MORE ABOUT REAL ESTATE...
Fence Sitting Buyers -- "Ignore the Headlines?"
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Real Estate News
“Too many buyers are focusing on home prices and waiting to jump into the market, afraid that a property bought today will be worth less tomorrow. But rising mortgage rates should also be a concern, and many potential buyers could find themselves out of luck if they wait much longer. Jim Svinth, chief economist at mortgage firm Lending Tree, tells buyers to “ignore the headlines.” As the economy recovers, finance costs will rise. Waiting for the perfect time to get into the market may cost prospects, especially renters, more in the long run. " Read more from the Florida Association of Realtors.
Amelia Island Housing Sales & Median Prices
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Real Estate News
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Florida Realtors Release 2007 Housing Sales Data
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Real Estate News
Florida’s median sales price for existing single-family homes for year-end 2007
was $233,600; a year ago, it was $247,100 for a 5 percent decrease. The statewide
median sales price for Florida condos at year-end was $205,100, down 3 percent from the
2006 year-end condo median price of $211,500. READ MORE ABOUT THE FLORIDA HOUSING MARKET...
Moving to Amelia Area? Rental Homes
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Real Estate News
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