REAL ESTATE: Glass Half Full?

Posted in: Real Estate News
Here's some good news:  More single-famliy homes sold in Florida in July 2008 than the same month a year ago.  This is the first rise in homes sales activity in more than two years.  READ COMMENTARY ON REAL ESTATE MARKET....

Sep 21, 2008 - 2:17:05 PM Read more

"Timing is Everything." Amelia Island Home Deals

Posted in: 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...

Jul 23, 2008 - 8:18:22 PM Read more

Biggest Problem For Home Sellers: Supply

Posted in: 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...

Apr 19, 2008 - 2:07:15 PM Read more

Amelia Island Housing Sales & Median Prices

Posted in: Real Estate News
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For the full calendar year 2007, the median sold price of residential dwellings located on Amelia Island was about 5% higher than the median price for calendar year 2006 (single-family homes, condos, duplexes, and townhouses). For the most recent fourth quarter of 2007 ending December 31st, the median sold price of residential dwellings was down (-1.8%) from the year ago period in the fourth quarter of 2006.  While median prices have remained relatively stable to date, there are far fewer sales transactions.  There reportedly is pent up demand from "feeder" markets, however.  

Mar 2, 2008 - 2:30:44 PM Read more

Florida Realtors Release 2007 Housing Sales Data

Posted in: 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...

Jan 24, 2008 - 5:44:26 PM Read more

Moving to Amelia Area? Rental Homes

Posted in: Real Estate News
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If you're thinking about a move to the Amelia Island area, sometimes a long-term rental fits your situation better than a home purchase.  Maybe you want  to check out the area first -- actually live here before buying.  Or you're coming for a new job that you want to make sure works out before committing to buy a home.  Here's some information about long-term rental properties in the Amelia Island area for those house hunting for rentals.

Nov 27, 2007 - 6:17:03 PM Read more

Amelia Island Home Values Have Not Washed Away

Posted in: Real Estate News
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When it comes to making a decision about real estate right now, many feel like a deer caught in headlights -- frozen.  It's been the year of paralyzing commentary about the slow housing market. Well listen up. Here's some good news for local property owners.  The median sales price of dwellings on Amelia Island during the latest 3-month period is up 7.8%. It appears coastal real estate may hold its value better during the housing slump, but only time will tell.

Oct 2, 2007 - 9:02:39 AM Read more

Amelia Island Real Estate: 2Q07 Home Prices Dip 6.5%

Posted in: Real Estate News
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Data from the Amelia Island/Nassau County, Florida MLS for the second quarter of 2007 indicates that 72 single-family homes were sold by Realtors® on Amelia Island (MLS areas 1-6), an 11% decline in the number of transactions, at a median price of $406,500, and average days on the market 128. Time on the market is about one month longer this year than the second quarter last year. Home sale prices have declined about 6.5% from the median sales price last year, which was $435,000 during the 2Q06.  The 11% dip in home sales activity on Amelia Island is actually much better than the Florida statewide average (across Florida, existing single-family home sales transactions were down 30% during the 2Q07 when combining all MSAs).

Sep 10, 2007 - 5:29:54 AM Read more