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

Fence Sitting Buyers -- "Ignore the Headlines?"

Posted in: Real Estate News

“Too many buyers are focusing on home prices and waiting to jump into the market, afraid that a property bought today will be worth less tomorrow. But rising mortgage rates should also be a concern, and many potential buyers could find themselves out of luck if they wait much longer.  Jim Svinth, chief economist at mortgage firm Lending Tree, tells buyers to “ignore the headlines.” As the economy recovers, finance costs will rise. Waiting for the perfect time to get into the market may cost prospects, especially renters, more in the long run. "  Read more from the Florida Association of Realtors.


Mar 3, 2008 - 8:43:15 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.

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