The ubiquitous azaleas are starting to bloom — a surefire sign that spring has come to Nassau County. But something else is happening here. In the air, there is a sweet fragrance of economic activity. The housing market appears to be recovering, retail sales are somewhere between solid and spectacular, and corporate activity is robust. That adds up to a profitable formula.
Single-family home sales prices in the local area have been moving generally upward for about a year now, with the Fernandina Beach median sales price at $293,800 for a single-family home, according to Zillow data. Also, the Annual Report on the Northeast Florida Housing Market (Calendar Year 2012) indicates, “yearlong evidence points to market recovery…” Housing inventory down 28% in Northeast Florida, buyer rebound with closed sales up 7.1% during 2012.
A published report revealed the top 50 houses in Northeast Florida based upon their assessed/market value. Most of them are clustered along the Atlantic Ocean between Jacksonville Beach and Ponte Vedra Beach (and farther south beyond Palm Valley). However, at the top of the list is an Amelia Island Plantation oceanfront home with price tag of $6.1 million.
The inventory of houses has declined significantly in the Amelia Island and Yulee area. The supply-demand equation has returned to a healthier level here. Units are selling much faster, and qualified buyers are looking. The supply is limited; the demand is returning as retirees are able to sell their properties in other places and relocate here.
INSIDE SCOOP: Where do today’s homebuyers and renters want to live TOMORROW? FLORIDA, FLORIDA, FLORIDA. Of the top 10 US metros where demand among online house hunters is strongest, seven are located in the Sunshine State according to Trulia’s Metro Movers Winter 2012 Report.
- “Nights of Lights” Holiday Festival. A Bright Idea For Downtown Fernandina? 06/03/2013
- June 2013 Free Plant Clinics & Landscape Matters Class Offered by Nassau County Extension 05/31/2013
- Change Coming To Fernandina’s Boardwalk By The Sea, Main Beach Park 05/14/2013
- Bike, Hike, Run on New 6.2 Mile Amelia Island Trail 05/10/2013
- Fernandina’s 50th SHRIMP FESTIVAL 2013 Parade Highlights: Photo Gallery 04/29/2013
- Nassau County, Florida Extension’s May 2013 Gardening Clinics 04/28/2013
- Amelia Island Treasure Hunters: In Search of The San Miguel. Buried Treasure Worth $2 Billion 04/23/2013
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