Real estate and development, market news and related topics.
AMELIA ISLAND REAL ESTATE: For the first time since the real estate market began softening, some local professionals are muttering words of promise. Hope. Enthusiasm. Fernandina Beach Realtors are seeing signs of improvement, favorable trends, some predicting “2012 will be a much better year.”
The Jacksonville, Florida housing market has been ranked #4 of the “Top 20 Healthiest Housing Markets” in the USA by Builder magazine. Furthermore, the metropolitan area is poised to “fare better in its economic recovery than most of the rest of the state over the next three years.” Locally here in Fernandina Beach, new construction activity is beginning to sprout once again.
Housing market hurdles include artificially low appraisals, tight credit, and potential shadow market.
A recently listed home for sale on Amelia Island, Florida becomes the highest priced home currently on the market on this northeast Florida barrier island near the Georgia border. The oceanfront property is located within Amelia Island Plantation.