Thursday, September 29, 2011

Jazz Festival - Amelia Island

Amelia Island Jazz Festival 2011 Amelia Island Jazz Festival tickets are now on sale online for all shows. Beginning Oct. 2 with a free Amelia Park concert by the U.S. Navy Big Band and closing Oct. 9 with a Dixieland brunch at the Beech Street Grill, the weeklong event will present blues on Oct. 5 at Sandy Bottoms with Toots Lorraine, an Oct. 6 Latin show and dance with Impacto Latino at St. Peter's Episcopal Church, jazz songstress extraordinaire Nicole Henry Oct. 7, and Louisiana rhythm masters Buckwheat Zydeco Oct. 8, both within an expanded setting at St. Peter's. For information visit John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

Bike Trails Amelia Island

A Florida Department of Transportation public information workshop to discuss a multi-use trail for bicyclists and pedestrians alongside Florida A1A in Amelia Island will be discussed today at the American Beach Community Center, 1600 Julia St. in American Beach. An open house will be held from 4:30 to 6:30 p.m., followed by a opportunity for the public to comment at 6:30 p.m. The state is proposing paving a 10-foot wide asphalt path alongside Florida A1A north of the Nassau Sound Bridge and the Amelia Island State Park to Peter's Point Park, a distance of almost six miles. The paved trail will be built primarily on the east side of A1A, but will cross over to the west side in a few places. The project includes drainage structures, utility coordination and wetland permitting and is estimated at $1.6 million. Currently, the project is scheduled for construction in late 2012. Public comments can be made to the FDOT project manager Amy Williams at Read more at John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

Florida - Georgia weekend on Amelia Island

AMELIA ISLAND, FL, Sep 28, 2011 (MARKETWIRE via COMTEX) -- One of the biggest rivalries in college football is making its way to Northeast Florida once again for the much anticipated Florida vs. Georgia Game, Saturday, October 29 at EverBank Field in Jacksonville. Located 45 minutes from downtown Jacksonville, Amelia Island is offering a variety of discounts and events allowing fans to score big on their Florida-Georgia Football Weekend. Amelia Island, Florida has created a gridiron getaway contest in which one lucky fan will win a three-night stay at Omni Amelia Island Plantation. Visit to enter. Guests can also enter the sweepstakes by sending a text message with "Ameliaisland Sweeps" to 77950 on their mobile phone. Amelia Island offers a full roster of accommodation options for Gator and Bulldog fans looking to turn a game day trip into a weekend getaway. The Amelia Island CVB is offering 15 percent off accommodations at 15 locations during Florida-Georgia Football Weekend. Book the Florida vs. Georgia game weekend today and receive 15 percent off per night at a choice of 15 Amelia Island accommodations. The offer is only available by calling the participating property and mentioning "Go Bulldogs" or "Go Gators." A two night minimum stay is required and offer is only valid on reservations made before September 30. Visit for a list of participating Amelia Island hotels. The Omni Amelia Island Plantation is providing several events open to the public to kick off the rivalry weekend. On October 28, The Shops at Omni Amelia Island Plantation are offering a Florida-Georgia Block Party. Starting at 4 p.m., the party will offer family fun with live music, family-friendly activities and much more. From 7 to 10 p.m., the Jim Beam Party offers UGA highlights, game tent with simulators and video games and more. The after-party kicks off at 10 p.m. at Falcon's Nest John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

Monday, September 26, 2011

13,780 homes sold yesterday!

13,780 Homes Sold Yesterday by The KCM Crew on September 26, 2011 · 3 comments ShareShare To all those who have declared the real estate market dead, we want you to know that over 13,780 houses sold yesterday, 13,780 will sell today and 13,780 will sell tomorrow. That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales had increased 7.7% over the month before and 18.6% over the year before. According to the report, annualized sales now stand at 5.03 million. Divide that number by 365 (days in a year) and we can see that, on average, well over 13,000 homes sell every day. We realize that these numbers are below the record for homes sold in 2006. We also know that we may never see those numbers again (and that is probably a good thing). But to say that the current real estate market is dead or that houses are not selling is totally inaccurate. We have over 13,000 pieces of evidence to prove that. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

Monday, September 19, 2011

Seller's Window

We have suggested that sellers who need to sell within the next 18 months had a ‘window of opportunity’ to sell at higher prices. They needed to put their houses up for sale immediately before a flood of distressed properties were introduced to the market. This window is beginning to close. The paperwork challenges faced by banks that caused a delay in the foreclosure process over the last ten months are starting to clear. It seems that these houses are now coming to the market. RealtyTrac reported in their September Foreclosure Report: “Default notices were filed for the first time on a total of 78,880 U.S. properties in August, a nine-month high and a 33 percent increase from July — the biggest month-over-month increase since August 2007.” James Saccacio, chief executive officer of RealtyTrac explained: “The big increase in new foreclosure actions may be a signal that lenders are starting to push through some of the foreclosures delayed by robo-signing and other documentation problems. It also foreshadows more bank repossessions in the coming months as these new foreclosures make their way through the process.” Diana Olick, of CNBC’s Realty Check quoted a spokesperson for Bank of America: “ Strong gains like that from July to August demonstrate our progress – primarily in judicial states — clearing more volume to advance to foreclosure once we pass the numerous quality controls we have in place and exhaust all options with homeowners.” The impact will be felt from coast to coast. New Jersey Superior Court Judge Mary Jacobson recently cleared the way for the top banks to resume foreclosures in the state. The impact this will have on the number of distressed properties can be clearly seen in these statistics reported by Housing Wire: “In October, New Jersey had the 24th highest foreclosure rate in the country, with servicers filing roughly 5,200 foreclosures that month, according to RealtyTrac. By July, the Garden State’s foreclosure rate dropped to 42nd with just 1,112 filings last month.” ForeclosureRadar, which handles research in California, Oregon, Washington, Arizona and Nevada, last week reported: “Foreclosure starts rose in every state.” Bottom Line If you currently are selling your home, price it to compel a buyer to purchase it now. Waiting will cause you to compete with an increased number of distressed properties which sell at dramatically discounted prices. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web:

Wednesday, September 7, 2011

Northeast Florida Market report - Real Estate

Jacksonville, FL – Converting Traffic into Contracts is Taking Time, Patience, and Lower Prices (3,381 single-family permits in 2010, 26th largest market in the country) Traffic down modestly, but still at decent levels. Buyer traffic fell in August, as our traffic index dipped slightly to 39 from 42 in July, indicating traffic levels below agents’ expectations (any reading below 50). However, this was still good enough to be tied for the highest reading in the 20 largest markets we survey. After a solid spring and early summer, sales seem to have moderated as of late, but agents say well-priced homes in good locations are still selling. One agent commented, “The under $150,000 market is heating up and involves lots of work and showings.” Another agent said, “I’m feeling more sincerity on the part of the buyers looking around.” However, not all were as positive. One agent said that the traffic may have been ok, but, “Still just a bunch of lookers.” Others also noted difficulty securing financing and getting appraisals high enough to support prices. “Many properties are not appraising, including short sales,” according to one agent. Sellers cutting prices in order to generate buyer interest. Home prices remained under pressure in August as sellers continued to adjust in response to buyer demands and competition from distress. Our home price index slipped to 23 from 25 in July, with readings below 50 indicating lower home prices over the past 30 days. We think the declines are likely to continue in the coming months. Inventory levels were stable in August, as our home listings index fell to 50 from 58 in July, in-line with a neutral reading of 50. However, our time to sell index still indicated a longer time needed to sell a home, as deals are taking longer to formalize given buyer hesitancy, coming in at 23 in August (from 21 in July) vs. a neutral reading of 50. The longer time needed to sell is typically a negative indicator for near-term pricing trends. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: Web: