UF economist: Real estate recovery has begun
TALLAHASSEE, Fla. – Sept. 14, 2009 – Speaking to real estate executives on Friday, UF research economist David Denslow predicts even better times soon as the baby boomers retire.
The comments came during the University of Florida Center for Real Estate Studies’ annual Real Estate Trends and Strategies Conference. In addition to Realtors and property managers, attendees included bankers, investors and other industry professionals.
According to Denslow, the U.S. is headed for a rebound, in part, because other nations invested in relatively-secure U.S. treasuries. However, he also issued a warning: That won’t happen the next time unless the U.S. gets a handle on the national debt.
Search the Amelia Island MLS www.nassaumls.net
Monday, September 14, 2009
Sunday, September 13, 2009
Property Highlights Fernandina Beach
John's Jottings - I was able to view about 8 homes on Saturday morning in the $200,000 to $300,000 price range in the Fernandina Beach area. We started our tour on the south end of Amelia Island and saw a home on Persimmon Circle. It had a small rear yard but was close to the beach. There were 2 fireplaces and an open livingroom. Stop #2 was Caymen Circle. A really nice home with 14 foot ceilings and black granite counter tops in the kitchen. The property was on almost an acre with a small pond in the rear portion of the property. The entrance Caymen circle is off Nassauville Road (CR 107) next to the new boys and girls Club facility. Stop #3 was Theron Court off Barnwell Road (head north from the Lowe's on A1A). The house was on a nice corner lot and had good curb appeal. It looked like it was custom built and had some unique design approaches. Stop #4 was in Spanish Oaks, a small neighborhood off Barnwell with public water and septic. I had been in this home several months ago and it definately looked better than before. New carpets and fresh paint make quite a difference. Stop #5 was North Hampton. The Eastport home is in great shape and has 4 bedrooms and 3 baths. Located on the golf course and featuring a large screened lania. It was the top pick of the day. Stop #6 was Amelia National. The home on Sunflower had lots to offer and the community clubhouse and pool were great benefits. There are multiple short sales in this community and some interesting value priced homes. The home we say was an American Home product and in fantastic shape. The tour ended at stop #7 in Flora Park. A large residential community built by Seda Homes with limited amenities but good value.
If you would like a personal tour, please call me anytime. John Holbrook - Realtor
904-415-0171
If you would like a personal tour, please call me anytime. John Holbrook - Realtor
904-415-0171
Amelia Island Plantation Home
Drove by the Marsh Creek site at the Amelia Island Plantation on Friday and saw some good progress. The lot has been cleared and the footers are in. Dave Turner's guys were working on laying the plumbing pipes. The slab for the foundation should be put in next week. The lot is on the west side of the Plantation property and around the corner from the golf course club house. There is a body of water on the rear of the lot and great existing underbrush for landscaping. The house is an upscale low country design with screened rear lania and pool. The architect is Randy Rice and the builder is Brylen Homes. Sales agent was John Holbrook fromPrudential Chaplin Williams Realty.
Search Amelia Island Plantations homes www.nassaumls.net
Search Amelia Island Plantations homes www.nassaumls.net
Friday, September 11, 2009
August Numbers Real Estate Sales - Nassau County
Nassau County approx. total MLS active listings are 1962 units.
August 2009 MLS sales are 42 units (32 residential, 6 condos, 4 vacant lots).
Average list price is $321k and average sale price was $290k with a total sales number of 9.3 million.
Eye catchers are a relatively new home in Hickory Village for $155,000 and a home on the Amelia Island Plantation for $1.1 million.
Email me for an expanded activity report. holbrook66@msn.com
www.nassaumls.net
August 2009 MLS sales are 42 units (32 residential, 6 condos, 4 vacant lots).
Average list price is $321k and average sale price was $290k with a total sales number of 9.3 million.
Eye catchers are a relatively new home in Hickory Village for $155,000 and a home on the Amelia Island Plantation for $1.1 million.
Email me for an expanded activity report. holbrook66@msn.com
www.nassaumls.net
Thursday, September 10, 2009
Jacksonville Report
Jacksonville, FL – Traffic Slips on Employment
Concerns, But First Time Buyers Are Active.
(5,135 single-family permits in 2008, 18th largest market in the country)
Traffic off slightly, but potentially a seasonal issue. Buyer traffic worsened in August, with traffic falling below the agents’ expectations for this time of year, with our traffic index dropping to 30 from 54 in July (any reading below 50 suggests traffic below agents’ expectations). Agents who saw weaker-than-expected traffic noted buyer concerns about the economy and trouble with lending. For those seeing better traffic levels, there was consistent mention of the affordability resulting from the low prices and mortgage rates. These buyers are looking for bargains and attempting to take advantage of the first-time buyer tax credit.
We also heard “pent-up demand” mentioned by many agents, as some buyers seem to have the view that it is once again safe to purchase a home. Because of the lingering concern, though, buyers are looking for deals and are cautious about making a purchase unless they are convinced of the bargain. We expect that the tax credit for first time homebuyers will lead to more traffic in September, as buyers must soon put homes into contract in order to close by November 30th.
Concerns, But First Time Buyers Are Active.
(5,135 single-family permits in 2008, 18th largest market in the country)
Traffic off slightly, but potentially a seasonal issue. Buyer traffic worsened in August, with traffic falling below the agents’ expectations for this time of year, with our traffic index dropping to 30 from 54 in July (any reading below 50 suggests traffic below agents’ expectations). Agents who saw weaker-than-expected traffic noted buyer concerns about the economy and trouble with lending. For those seeing better traffic levels, there was consistent mention of the affordability resulting from the low prices and mortgage rates. These buyers are looking for bargains and attempting to take advantage of the first-time buyer tax credit.
We also heard “pent-up demand” mentioned by many agents, as some buyers seem to have the view that it is once again safe to purchase a home. Because of the lingering concern, though, buyers are looking for deals and are cautious about making a purchase unless they are convinced of the bargain. We expect that the tax credit for first time homebuyers will lead to more traffic in September, as buyers must soon put homes into contract in order to close by November 30th.
Search the local MLS
Amelia Island, Fernandina Beach and Yulee property Search.
Click here to start your search
John Holbrook - Realtor
Prudential Chaplin Williams Realty
904-415-0171
Click here to start your search
John Holbrook - Realtor
Prudential Chaplin Williams Realty
904-415-0171
Amelia Lakes Short Sale
Under contract and awaiting bank approval. 1 bedroom unit with great view of the lake at Amelia Lakes in Fernandina Beach. Community pool, volleyball court, workout room, tennis courts, car cleaning station and more.
John Holbrook - Realtor
www.nassaumls.net
John Holbrook - Realtor
www.nassaumls.net
Richmond American - Woodbridge
Just placed a home under contract in the Village I & II section of Woodbridge. Approx. 1700 square feet of living space on a pond with 4 bedrooms and 2 baths for $168,000. Great incentive package offered by the builder. Contact John Holbrook - Realtor to see this community. 904-415-0171
Bargains in Amelia National
Amelia National
Golf course community in Fernandina Beach, Florida 32034. Just showed three house in this community last night and there are bargains to be had. Good amount of short sale inventory. Prices from $235,000 to $350,000 will buy a almost new home with 2500 to 3200 square feet of living space.
Email me for a detailed list holbrook66@msn.com
John Holbrook - Realtor 904-415-0171
Golf course community in Fernandina Beach, Florida 32034. Just showed three house in this community last night and there are bargains to be had. Good amount of short sale inventory. Prices from $235,000 to $350,000 will buy a almost new home with 2500 to 3200 square feet of living space.
Email me for a detailed list holbrook66@msn.com
John Holbrook - Realtor 904-415-0171
Wednesday, September 9, 2009
Ritz Carlton Amelia Island
Two special offers received by email -
Spa treatments - two 25-minute treatments for $100
Resort Reconnect package - starting at $249/ night including breakfast and a $40 resort credit.
Come on down for a trip and we'll look at some Real Estate at the same time. John Holbrook - Realtor 904-415-0171. www.nassaumls.net
Spa treatments - two 25-minute treatments for $100
Resort Reconnect package - starting at $249/ night including breakfast and a $40 resort credit.
Come on down for a trip and we'll look at some Real Estate at the same time. John Holbrook - Realtor 904-415-0171. www.nassaumls.net
Wednesday, September 2, 2009
Micah's Place
Micah's Place
904.491.6364 www.micahsplace.org
A new cookbook is coming: A Savory Place, culinary favorites of Amelia Island. This fund raiser for Micah's Place includes 170 recipes and is also a picture book with photographs by acclaimed photographer Max Hertweck. Advanced sales now: $24.95 online at www.micahsplace.org.
Looking forward to trying out some recipes. John Holbrook - Realtor
904.491.6364 www.micahsplace.org
A new cookbook is coming: A Savory Place, culinary favorites of Amelia Island. This fund raiser for Micah's Place includes 170 recipes and is also a picture book with photographs by acclaimed photographer Max Hertweck. Advanced sales now: $24.95 online at www.micahsplace.org.
Looking forward to trying out some recipes. John Holbrook - Realtor
Tuesday, September 1, 2009
Amelia Island Jazz Festival
2009 Amelia Island Jazz Festival
The 2009 Les DeMerle Amelia Island Jazz Festival kicks off October 4 with a free Jazz concert featuring a 19 piece United States Navy Big Band. Bring a blanket to cozy-up at Amelia Park Town Square and enjoy a Big Band blast in the warm Amelia air. Never one to sit out a good party, the Historic Palace Saloon is hosting a Latin Jazz concert on October 8 at 7 p.m., where guests will dance to a sizzling salsa band. On Friday, October 9 and Saturday, October 10, the legendary David Sanborn and the famous Dynamic Les DeMerle Band will perform in the headline concert at the First Baptist Church. Attendees of the concert are invited to attend a Jazz Jam session following the performance, featuring a jazz trio at the Church’s Hall. The music festival concludes on Sunday with a Dixieland Jazz Brunch at the Beech Street Grill in downtown Fernandina.
Tickets and a full schedule of events are available at www.ameliaislandjazzfestival.com
The 2009 Les DeMerle Amelia Island Jazz Festival kicks off October 4 with a free Jazz concert featuring a 19 piece United States Navy Big Band. Bring a blanket to cozy-up at Amelia Park Town Square and enjoy a Big Band blast in the warm Amelia air. Never one to sit out a good party, the Historic Palace Saloon is hosting a Latin Jazz concert on October 8 at 7 p.m., where guests will dance to a sizzling salsa band. On Friday, October 9 and Saturday, October 10, the legendary David Sanborn and the famous Dynamic Les DeMerle Band will perform in the headline concert at the First Baptist Church. Attendees of the concert are invited to attend a Jazz Jam session following the performance, featuring a jazz trio at the Church’s Hall. The music festival concludes on Sunday with a Dixieland Jazz Brunch at the Beech Street Grill in downtown Fernandina.
Tickets and a full schedule of events are available at www.ameliaislandjazzfestival.com
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