Thursday, February 28, 2013

Real Estate In Fernandina Beach - Today's Analysis



Real Estate Market Changes In Fernandina Beach Brought To You John Holbrook

Current Property Counts for: Fernandina Beach
Rental6(- 0.11%)
Residential116(+ 0.39%)
Condominium9(- 0.16%)
Lots And Acreage72(- 0.75%)
Commercial1(+ 0.63%)
Duplex1(+ 0.33%)

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Average Prices for: Fernandina Beach
Residential$390,042(+ 0.91%)
Condominium$124,287(+ 6.11%)
Lots And Acreage$191,958(+ 0.52%)
Duplex$76,000(- 0.28%)
Commercial$199,000(- 0.72%)

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Featured Fernandina Beach, Fl Real Estate Listing - 4 Bedroom, 3 Bath Home Listed At $272,000!



Have You Seen The Newest Listing? It's So Phenomenal You'll Instantly Fall In Love:

Property Details For: 415 Portside Drive Fernandina Beach, FL 32034
Type:
Price: $272,000
Bedrooms: 4
Baths: 3.0
Sq Feet: 2,146

See full detail for Listing: 57228

Address: 415 Portside Drive Fernandina Beach FL 32034

Here is some additional information about 415 Portside Drive Fernandina Beach FL 32034:

Home For Sale In Ocean Cay, Walk To The Beach. Near Atlantic Ave Recreation Center And Downtown Fernandina Beach. Bonus Room And Full Bath On The Second Floor. Contact John Holbrook 904-415-0171 Or Michele Cook 904-583-1900, Prudential Chaplin Williams Realty, Amelia Island, Fl 32034

Here is what Trulia.com has to say about the area: Fernandina Beach Market Stats: There are 4 six bedroom properties available with an average listing price of $1,643,850. Overall the average listing price in Fernandina Beach is $450,695.

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Wednesday, February 27, 2013

Daily Fernandina Beach Real Estate Analysis



John Holbrook Brings You Today's Real Estate Market Update For Fernandina Beach

Current Property Counts for: Fernandina Beach
Residential116(- 0.66%)
Lots And Acreage72(- 0.01%)
Commercial1(- 0.26%)
Condominium9(+ 0.71%)
Duplex1(0%)
Rental6(- 0.77%)

Want additional info? Read More

Average Prices for: Fernandina Beach
Condominium$118,165(+ 0.74%)
Duplex$76,000(0%)
Residential$389,860(+ 0.90%)
Commercial$199,000(+ 0.76%)
Lots And Acreage$191,958(- 0.43%)

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Looking To Buy In The Fernandina Beach Area? Check Out Mls# 53518 Located At 2193 Fletcher Ave In Fernandina Beach, Fl - 3 Bedroom, 1 Bath Just $299,000!



Go Ahead! Fall In Love With This Cool New Listing:

Property Details For: 2193 Fletcher Ave Fernandina Beach, FL 32034
Type: residential
Price: $299,000
Bedrooms: 3
Baths: 1.0
Sq Feet: 1,048

See full detail for Listing: 53518

Address: 2193 Fletcher Ave Fernandina Beach FL 32034

Here is some additional information about 2193 Fletcher Ave Fernandina Beach FL 32034:

Beach Cottage On Amelia Island With Views Of The Atlantic Ocean.

Here is what Trulia.com has to say about the area: Sorry, there are no new market stats for: Fernandina Beach, FL

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Fannie Mae Short Sale

Good morning Superstars. As many of you already know Fannie Mae and Freddie Mac are now handling Short Sales much as they do their REO properties. Fannie Mae now has the new Standard Short Sale. Here are the Fannie Mae Standard Short Sale Guidelines. Fannie Mae Homepath Short Sale site. Here are a few highlights of the Fannie Mae Standard Short Sale. Recommended pricing. While we have been struggling with the value system by Fannie Mae it’s a good thing that we can get the recommended price PRIOR to listing the property. This gives us the opportunity to dispute the value if needed before the property is under contract. Giving the property some time on the market with periodic price reductions will help you with your Fannie Mae Short Sales. Fannie Mae wants top dollar so we have to show that we tried. Nothing better for this than days on market, showing history and agent feedback. From Fannie Mae: “Our list price and market value guidance maintains neighborhood property values” Escalate Direct To Fannie Mae. This has replaced the Fannie Mae help desk that some MLSs participated in. Now all agents can escalate to Fannie Mae here. Streamlined Documentation. If the borrower is 90+ days delinquent and has a FICO score of less than 620 then NO hardship, documentation or contribution is required by Fannie Mae. 3k Short Sale Relocation Assistance. Borrowers qualify for this if they do not have to make a contribution at closing. Deficiency Waiver. ALL borrowers completing a Short Sale will receive a Deficiency Waiver. This is huge!! 2013 is going to be a very interesting year for Short Sales. I hope you are ready. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.johnholbrook.blogspot.com www.jholbrook.ameliaislandrealestatelistings.com

Monday, February 25, 2013

The Real Estate Market In Fernandina Beach Is Always Changing! Here Are Today's Updates:



Fernandina Beach Real Estate Market Snapshot From John Holbrook

Current Property Counts for: Fernandina Beach
Condominium9(- 0.68%)
Residential117(+ 0.81%)
Rental6(- 0.93%)
Commercial1(- 0.66%)
Lots And Acreage71(+ 0.95%)

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Average Prices for: Fernandina Beach
Commercial$199,000(+ 0.18%)
Residential$387,006(- 0.34%)
Lots And Acreage$189,746(+ 0.45%)
Condominium$118,165(+ 0.60%)

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Real Estate Listing For Fernandina Beach, Fl- Meet Mls# 57167 Located At 2735 Ocean Oaks! This Remarkable 4 Bedroom, 3 Bath Home Is Priced At $394,000!



Go Ahead! Fall In Love With This Pretty New Listing:

Property Details For: 2735 Ocean Oaks Fernandina Beach, FL 32034
Type:
Price: $394,000
Bedrooms: 4
Baths: 3.0
Sq Feet: 2,604

See full detail for Listing: 57167

Address: 2735 Ocean Oaks Fernandina Beach FL 32034

Here is some additional information about 2735 Ocean Oaks Fernandina Beach FL 32034:

Single Story Home Located In Ocean Oaks. Large Open Floor Plan With Separate Study. Formal Dining Room And Sitting Area. The Back Yard Is Large Enough For In Ground Swimming Pool. Screened In Back Porch. Master Bath Has Garden Tub. Sold As-Is / Info Deemed Reliable But Not Guaranteed/ 3rd Party Approval Needed. Not A Short. Needs Third Party/Trustee Approval.

Here is what Trulia.com has to say about the area: Fernandina Beach Market Stats: There are 45 five bedroom properties available with an average listing price of $637,124. Overall the average listing price in Fernandina Beach is $450,695.

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Seller's Report Amelia Island

One of the most interesting revelations of the latest National Association of Realtors (NAR) Existing Home Sales Report is the shortage of housing inventory being reported throughout much of the country. At the same time, buyer demand is dramatically up over last year. Here are some key points: Total housing inventory at the end of January fell 4.9 percent to 1.74 million existing homes available for sale, which represents a 4.2-month supply at the current sales pace. This represents the lowest housing supply since April 2005 when it was also 4.2 months. Listed inventory is 25.3 percent below a year ago when there was a 6.2-month supply. Raw unsold inventory is at the lowest level since December 1999 when there were 1.71 million homes on the market. What Does This Mean if You Are Selling a Home? The price of anything is determined by supply and demand. According to NAR’s report, inventory is at its lowest level since the real estate boom eight years ago. At the same time, demand is up. Lawrence Yun, NAR chief economist, reveals: “Buyer traffic is continuing to pick up, while seller traffic is holding steady. In fact, buyer traffic is 40 percent above a year ago, so there is plenty of demand but insufficient inventory to improve sales more strongly. We’ve transitioned into a seller’s market in much of the country.” Does that mean you should sell your house now? Or should you wait to see if prices increase? Nobody knows for sure. However, some feel that there may be a pent-up inventory about to come to the market because, as prices increase, it will free up some sellers who have been locked in a negative equity situation (where the house is worth less than the remaining mortgage). The Zillow Negative Equity Forecast predicts: “The negative equity rate among all homeowners with a mortgage will fall to at least 25.5 percent by the fourth quarter of 2013, freeing more than 999,000 additional homeowners nationwide.” If these homes come to market, the supply/demand ratio will begin to balance out and lessen the opportunity a seller now has. Calculated Risk, a well respected blog which analyzes the economy: “With the low level of inventory, both in absolute numbers and as a month-of-supply, and the recent price increases in some areas, it would seem likely more inventory would come on the market.” Lawrence Yun agrees: “We expect a seasonal rise of inventory this spring.” Yet, Yun is quick to add: “It may be insufficient to avoid more frequent incidences of multiple bidding and faster-than-normal price growth.” Probably the most interesting comment on this comes from Calculated Risk: “I need to think about this…This will be an interesting issue all year.” This is an issue that is important to every seller. Make sure that you are working with a true professional that is dedicated to keeping current on what matters in the real estate market so he/she may provide you with the best advice possible as this situation becomes clearer. John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, Florida Cell: 904-415-0171 Email: holbrook66@msn.com Web: www.johnholbrook.blogspot.com www.jholbrook.ameliaislandrealestatelistings.com

Thursday, February 21, 2013

Fernandina Beach Real Estate Market Statistics For February 21st, 2013



John Holbrook Brings You Today's Real Estate Outlook For Fernandina Beach

Current Property Counts for: Fernandina Beach
Commercial1(+ 0.68%)
Rental6(+ 0.31%)
Lots And Acreage75(+ 0.62%)
Residential116(- 1.06%)
Condominium9(- 0.45%)

Want additional info? Read More

Average Prices for: Fernandina Beach
Commercial$199,000(+ 0.69%)
Residential$387,454(+ 1.11%)
Lots And Acreage$183,419(+ 0.77%)
Condominium$123,976(+ 0.50%)

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Fernandina Beach, Fl Home For Sale. 3 Bedroom, 2 Bath House Listed At Just $279,999!



You Have To See This Remarkable New Home Listing:

Property Details For: 402 Georgia Ave Fernandina Beach, FL 32034
Type:
Price: $279,999
Bedrooms: 3
Baths: 2.0
Sq Feet: 1,774

See full detail for Listing: 55244

Address: 402 Georgia Ave Fernandina Beach FL 32034

Here is some additional information about 402 Georgia Ave Fernandina Beach FL 32034:

Just Around The Corner From The Atlantic With Easy Beach Access. Well Maintained Street With Quality Homes Built By Panitz Builders. 3 Bedroom And 2 Bath Has An Open Floor Plan With High Ceilings And A Great Kitchen. Close To Historic Downtown Fernandina Beach And Fort Clinch State Park. Offered By John Holbrook - Realtor Prudential Chaplin Williams RealtyWww.Jholbrook.Ameliaislandrealestatelistings.Com Cell 904-415-0171

Here is what Trulia.com has to say about the area: Fernandina Beach Market Stats: There are 238 three bedroom properties available with an average listing price of $427,348. Overall the average listing price in Fernandina Beach is $452,516.

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