Nassau County Real Estate Activity
Single Family Resales in Nassau County were up 29% in January compared to a year ago. The Total Dollar Volume for Single Family Resales was up by 16% (not shown). Condo Resales were nearly triple those of last January. Pre-foreclosure filings continued a sharp decline that started 4 months ago with the "moratorium" on foreclosures and the unresolved legal issues related to the foreclosure process. Despite this trend, the actual number of foreclosures was essentially the same.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Monday, February 14, 2011
Tuesday, February 8, 2011
North Hampton Home
North Hampton Neighborhood
2750 square feet
On a Lake with golf views.
Built in 2005
$274,000
Community pool, tennis, kayak launch.John Holbrook - REALTOR - Prudential Chaplin Williams Realty
Amelia Island, Fernandina Beach, Yulee FL 32034
Great Resource for Local Information!
Phone: 904-415-0171 - Blog of Local Market Information
Email: holbrook66@msn.com Search for homes at www.ameliaislandsearch.com
2750 square feet
On a Lake with golf views.
Built in 2005
$274,000
Community pool, tennis, kayak launch.John Holbrook - REALTOR - Prudential Chaplin Williams Realty
Amelia Island, Fernandina Beach, Yulee FL 32034
Great Resource for Local Information!
Phone: 904-415-0171 - Blog of Local Market Information
Email: holbrook66@msn.com Search for homes at www.ameliaislandsearch.com
Amelia Island Housing Market
Here is Robert Shiller’s interview discussing National Housing issues:
You said on Bloomberg Television yesterday that there is a 50-50 chance of a double dip in housing.
I am really going out on a limb to say it’s as high as 50-50. Double dips are rare. You know, I have a forecasting model that I used to use years ago when we were doing forecasts for The Wall Street Journal in the late 1990s, and that model emphasized momentum before anything else. When prices go up, they tend to go up for years. That’s history. Whereas if they start going down, they’ll go down for years. We saw home prices decline between 2006 and 2009—three years of decline. And now that [the market is trending] up, you know, it’s perfectly plausible to think we’ll have three years or more of increases. But I’m not so sure. We don’t know how much of this is transitory because of the government support. We’re in such an unusual economy now that [a double dip] has substantial probability.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
www.ameliaislandsearch.com
Monday, February 7, 2011
Market Update
There's good news in the latest housing market forecast for 2011 from the National Association of Realtors (NAR). After dipping 4.8% last year, sales of existing homes are predicted to grow 7.9% this year, to 5.3 million. The gain for 2012 is forecast to be a little less, up 4.5%, to 5.53 million. The existing home median price went up 0.3% in 2010, a nice recovery from the 12.9% price drop of 2009. For 2011, the NAR sees it rising 0.5%, to $173,000, then another 2.4%, to $177,900, in 2012.
New home sales are forecast to come back more briskly, up 17.7% in 2011, following their 15.5% drop in 2010. The 2012 projection is for a strong 51.1% sales gain, to 565,000 homes. The median price for new homes, which gained 2.2% last year, should go up another 1.8% in 2011, to $224,700, then 1.9% in 2012, to $229,000. The NAR's chief economist says this rebound in home sales does depend on an improvement in the jobs market. Affordability also matters and in Q4 of 2010 housing was the most affordable on record, according to NAR numbers going back to 1971. The NAR feels the current situation of low home prices along with low interest rates should continue.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
New home sales are forecast to come back more briskly, up 17.7% in 2011, following their 15.5% drop in 2010. The 2012 projection is for a strong 51.1% sales gain, to 565,000 homes. The median price for new homes, which gained 2.2% last year, should go up another 1.8% in 2011, to $224,700, then 1.9% in 2012, to $229,000. The NAR's chief economist says this rebound in home sales does depend on an improvement in the jobs market. Affordability also matters and in Q4 of 2010 housing was the most affordable on record, according to NAR numbers going back to 1971. The NAR feels the current situation of low home prices along with low interest rates should continue.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Saturday, February 5, 2011
Latest Property for Sale Amelia Island
The following properties have just been added or revised. Please review them and contact me if you desire more information.
Activity Mls# Address Price
Sold 53194 85023 LINDA HALL ROAD 30,000
Back on market 51712 1224 AMELIA LAKES 70,000
New 54364 95751 SPRINGHILL RD 99,999
New 54359 2754B FIRST AVENUE 141,000
Sold 54359 2754B FIRST AVENUE 141,000
New 54360 6335 FERNANDINA SHORES 149,900
Back on market 53824 109 N 18TH STREET 172,500
Temp off market 53824 109 N 18TH STREET 172,500
Withdrawn 54135 95273 VILLAGE DRIVE 179,900
New 54357 95273 VILLAGE DRIVE 185,000
Price Reduced 53242 7.3 AC MITCHELL ROAD 195,000
New 54362 30692 FOREST PARKE DRIVE 229,900
Price Reduced 53579 2867 E PARK SQUARE PLACE 230,000
Price Reduced 54252 87580 ROSES BLUFF ROAD 277,516
John Holbrook - Realtor
PRUDENTIAL CHAPLIN WILLIAMS REALTY
Amelia Island, Fernandina Beach & Yulee, Florida
904-415-0171
holbrook66@msn.com
Search the local MLS at www.nassaumls.net
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Activity Mls# Address Price
Sold 53194 85023 LINDA HALL ROAD 30,000
Back on market 51712 1224 AMELIA LAKES 70,000
New 54364 95751 SPRINGHILL RD 99,999
New 54359 2754B FIRST AVENUE 141,000
Sold 54359 2754B FIRST AVENUE 141,000
New 54360 6335 FERNANDINA SHORES 149,900
Back on market 53824 109 N 18TH STREET 172,500
Temp off market 53824 109 N 18TH STREET 172,500
Withdrawn 54135 95273 VILLAGE DRIVE 179,900
New 54357 95273 VILLAGE DRIVE 185,000
Price Reduced 53242 7.3 AC MITCHELL ROAD 195,000
New 54362 30692 FOREST PARKE DRIVE 229,900
Price Reduced 53579 2867 E PARK SQUARE PLACE 230,000
Price Reduced 54252 87580 ROSES BLUFF ROAD 277,516
John Holbrook - Realtor
PRUDENTIAL CHAPLIN WILLIAMS REALTY
Amelia Island, Fernandina Beach & Yulee, Florida
904-415-0171
holbrook66@msn.com
Search the local MLS at www.nassaumls.net
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.netwww.johnholbrook.blogspot.com
Latest Rates From Prime Lending
Key Interest Rates - Latest 6 Mos Ago 1 Yr Ago
Prime Rate 3.25 3.25 3.25
Fed Discount 0.75 0.75 0.50
Fed Funds 0.18 0.19 0.13
11th District COF 1.508 1.797 1.828
10-Year Note 3.64 2.94 3.66
30-Year Treasury Bond 4.73 4.04 4.55
30-Yr Fixed (FHLMC) 4.81 4.49 5.01
15-Yr Fixed (FHLMC) 4.08 3.95 4.40
1-Yr Adj (FHLMC) 3.26 3.55 4.22
6-Mo Libor (FNMA) 0.45381 0.66781 0.3844
Sources: IBC's Money Fund Report; Bank Rate Monitor; Federal Home Loan Bank of San Francisco
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
Www.ameliaislandsearch.com
Prime Rate 3.25 3.25 3.25
Fed Discount 0.75 0.75 0.50
Fed Funds 0.18 0.19 0.13
11th District COF 1.508 1.797 1.828
10-Year Note 3.64 2.94 3.66
30-Year Treasury Bond 4.73 4.04 4.55
30-Yr Fixed (FHLMC) 4.81 4.49 5.01
15-Yr Fixed (FHLMC) 4.08 3.95 4.40
1-Yr Adj (FHLMC) 3.26 3.55 4.22
6-Mo Libor (FNMA) 0.45381 0.66781 0.3844
Sources: IBC's Money Fund Report; Bank Rate Monitor; Federal Home Loan Bank of San Francisco
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
Www.ameliaislandsearch.com
Thursday, February 3, 2011
Shinnecock Hills - North Hampton Home
For Sale $275,000
3 car side entry garage
4 bedrooms with water to golf views.John Holbrook - REALTOR - Prudential Chaplin Williams Realty
Amelia Island, Fernandina Beach, Yulee FL 32034
Great Resource for Local Information!
Phone: 904-415-0171 - Blog of Local Market Information
Email: holbrook66@msn.com Search for homes at www.ameliaislandsearch.com
3 car side entry garage
4 bedrooms with water to golf views.John Holbrook - REALTOR - Prudential Chaplin Williams Realty
Amelia Island, Fernandina Beach, Yulee FL 32034
Great Resource for Local Information!
Phone: 904-415-0171 - Blog of Local Market Information
Email: holbrook66@msn.com Search for homes at www.ameliaislandsearch.com
Omni Amelia Island Plantation
Luxury Hotel Brand Awarded Best Single Asset Transaction of 2010
IRVING, Texas, Jan. 31, 2011 /PRNewswire/ -- Americas Lodging Investment Summit sponsors and delegates recognized Omni Hotels & Resorts with the Best Single Asset Transaction of 2010 for the purchase of the Amelia Island Plantation on Amelia Island, FL. Winners of several development awards were announced during the conference held January 24th through 26th in San Diego and co-sponsored by the American Hotel & Lodging Association (AH&LA) and the Burba Hotel Group. In addition to celebrating Omni's award-winning work, ALIS honored executives and companies responsible for the most influential hospitality industry developments in 2010.
The Amelia Island Plantation transaction was completed in fall 2010, with the Amelia Island Company selling the resort to Omni for $67.1 million. The property was previously owned by the same family for more than 30 years and operated as an independent since its inception but became bankrupt in 2008 during the economic downturn. Omni was the highest bidder for the renowned resort at an auction held August 23rd in nearby Jacksonville, FL. The acquisition included over 1,350 acres, 3.5 miles of beaches, 249 guest rooms, two renowned golf courses, nearly 50,000 square feet of meeting and event space, 45,000 square feet of retail space, tennis, fitness and spa facilities and numerous opportunities for future development.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
IRVING, Texas, Jan. 31, 2011 /PRNewswire/ -- Americas Lodging Investment Summit sponsors and delegates recognized Omni Hotels & Resorts with the Best Single Asset Transaction of 2010 for the purchase of the Amelia Island Plantation on Amelia Island, FL. Winners of several development awards were announced during the conference held January 24th through 26th in San Diego and co-sponsored by the American Hotel & Lodging Association (AH&LA) and the Burba Hotel Group. In addition to celebrating Omni's award-winning work, ALIS honored executives and companies responsible for the most influential hospitality industry developments in 2010.
The Amelia Island Plantation transaction was completed in fall 2010, with the Amelia Island Company selling the resort to Omni for $67.1 million. The property was previously owned by the same family for more than 30 years and operated as an independent since its inception but became bankrupt in 2008 during the economic downturn. Omni was the highest bidder for the renowned resort at an auction held August 23rd in nearby Jacksonville, FL. The acquisition included over 1,350 acres, 3.5 miles of beaches, 249 guest rooms, two renowned golf courses, nearly 50,000 square feet of meeting and event space, 45,000 square feet of retail space, tennis, fitness and spa facilities and numerous opportunities for future development.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Monday, January 24, 2011
National Housing Stats
Thursday saw Existing Home Sales shoot up 12.3% in December, to an annual rate of 5.28 million, well ahead of the 4.87 million rate the consensus expected. Overall, existing home sales are off 2.9% compared to a year ago, but that's when sales were artificially boosted by the homebuyer tax credits. All regions showed sales gains in single family homes, condos and coops.
The supply of existing homes dropped to 8.1 months from 9.5 months in November. The pace of existing home sales is up 38% since July and sales are now only around 5% off the long-term trend, which has been a 5.5 million annual pace. All this has happened without government tax credit support. Smart buyers don't want to miss out on housing affordability that's at its highest level in 40 years.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
The supply of existing homes dropped to 8.1 months from 9.5 months in November. The pace of existing home sales is up 38% since July and sales are now only around 5% off the long-term trend, which has been a 5.5 million annual pace. All this has happened without government tax credit support. Smart buyers don't want to miss out on housing affordability that's at its highest level in 40 years.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Sunday, January 23, 2011
The Palms at Amelia
The Palms at Amelia - Located in Fernandina Beach
Special bank pricing on the remaining inventory.
2 Bedroom units $67,500
3 Bedroom units $77,500
Click here for details
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Thursday, January 13, 2011
Fort Clinch State Park
Fort Clinch State ParkDaily tours with period reenactors depicting garrison life bring the fort to life for visitors. Sunbathing, swimming, and beachcombing are popular activities at the beach. Anglers can fish from the pier or take advantage of excellent surf fishing. Hikers and bicyclists can enjoy a six-mile trail through the park. Self-guided nature trails provide opportunities to learn about and observe native plants and wildlife. A full-facility campground and a youth camping area provide overnight accommodations. Located north of the city of Fernandina Beach, off State Road A1A.
Fort Clinch State Park
2601 Atlantic Ave.
Fernandina Beach, FL 32034
Phone: 904-277-7274
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
Fort Clinch State Park
2601 Atlantic Ave.
Fernandina Beach, FL 32034
Phone: 904-277-7274
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
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