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.

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.

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.

Counting Blessings, Amelia Island. Live, Play, Work on Florida Resort Island

We live in a place where people — from all over — spend their vacations.