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Oceanfront Homes, Amelia Island, Florida

Amelia Island Affluence: Average Household Income $80,000, Net Worth $700,000

It’s pretty obvious that Amelia Island/Fernandina Beach is an affluent place. Million-dollar houses are commonplace. Topnotch resorts attract tourists from the world over. And celebrities are buying properties here. But how does Amelia Island stack up against its neighbors in northeast Florida? Pretty decently, as evidenced by a report published in the Jacksonville Business Journal.

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Spring Azaleas Blooming on Amelia Island in Nassau County, Florida

NASSAU COUNTY, FLORIDA: Spring 2013 Brings Sweet Fragrance of Economic Activity

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.

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REAL ESTATE: Northeast Florida Housing Market Briefs 2013

Northeast Florida Real Estate: Positive Housing Market Indicators

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.

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High End of Market: Amelia Island Plantation Oceanfront Homes in Northeast Florida

Top of Housing Market: Amelia Island Beach Home $6.1 Million

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.

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Amelia Island Real Estate

Amelia Island and Yulee, Florida Housing Market Improving

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.

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