Tuesday, December 25, 2007

Strong End of Year

Although the real estate market in Fernandina and Yulee had a slight dip in 2007 compared to 2006, there continue to substantial deals in the market if you look hard enough. I recently wrote 4 offers in the course of four days that resulted in 3 signed contracts. All of the homes had been on the market for longer than 6 months and had significant price drops in the last 30 days. For those sellers who are looking to move their property, its a great time for buyers to step up to the plate. Sellers are more willing to look any reasonable offer and often will not allow the minor issues to prevent a successful sale from happening.ct

One of the houses that was put under contract was a 2300 square foot home in Amelia National that was originally listed in the 400's and went to contract in the 200's. Amelia National is a private gated golf course community located 10 minutes from Amelia Island in Fernandina Beach, Florida. It has a Tom Fazio designed golf course and newly finished Club House with fitness center, tennis courts, pool, locker rooms, and fitness facility. Recent sales have slowed and some of the builders are anxious to sell off their completed inventory for very resonable prices. The golf course and Club House are top of the line facilities on par with Summer Beach and the Amelia Island Plantation.

Wednesday, December 12, 2007

Cape Sound

Just Listed!
Cape Sound Townhouse
$479,000 – 3br/3.5ba (2404 sq ft)

Gorgeous 3 level townhouse! Third floor master suite,
Hardwood/ceramic tile/carpet, huge closests.

Call for more info: John Holbrook 904-415-0171
Prudential Chaplin Williams Realty Search the local MLS at www.nassaumls.net

November 2007 Market Stats

November 11/1/07 – 11/30/07

Comparative MLS Recorded sales for Nassau County for last 3 years in November.

2005 2006 2007 Active 12/2007
Vacant Lots

Sold to List 87.3% Sold to Original 76.87%

HOME SALES - FloridaDisruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.

BOA – Survey Results

Another Quiet Month with Few Buyers Swayed by Lower Prices
Traffic index up slightly, but due primarily to lower expectations (based on
continued weak demand and a seasonally slower time).

Our traffic index improved to 20 in November from 18 in October, but remains depressed. Price index inches back down, and only limited talk of interest at lower
prices. Our price index was essentially flat at 17.1 in November, down from 18.2
in October (readings below 50 indicate sequentially lower prices). Once again,
agents noted price declines in every market we surveyed. However, what was
interesting is that few agents noted any positive buyer response to the lower
prices, primarily as buyers remained concerned about buying before the bottom.
Inventory still rising and will likely pressure prices. John Holbrook - REALTOR Prudential Chaplin Williams Realty Amelia Island, Fernandina Beach, Yulee FL 32034 904-415-0171 holbrook66@msn.com Search the entire MLS at www.nassaumls.net