June 2023 Real Estate Market Update for Fernandina Beach and Amelia Island, FL
Here's your June 2023 Real Estate Market Overview For Amelia Island, Fernandina Beach and the Surrounding Nassau County, Florida Area While interest rates are at the highest point they’ve been at in quite some time, surprisingly so are the number of people using mortgages to purchase a home in the Amelia Island, Fernandina Beach, Yulee and surrounding Nassau County, Florida area. Here are the Top 5 things you need to know about our local real estate market this month: The average sales price of a home in our area has decreased slightly. The current average sales price of a home in our area is $560,411. This is down -7.3% compared to one year ago, and down 9% from the average sales price of $614,262 we saw in May of 2023. Inventory remains steady. The current supply of homes listed active for sale is 2.6-months, which is about what it has been for most of the year. However, it’s nearly double what it was this time last year. Homes are taking a bit longer to sell than they were one month ago. This month the median time to contract was 35 days, and the median time to sale was 94 days. This is up slightly from the median time to contract of 27 days and median time to sale of 70 days we saw one month ago. But it’s still up quite a bit from the median time of just 8 days to go under contract we were seeing a year ago. More buyers are using mortgages to purchase homes in the area. While interest rates have increased to some of the highest rates we’ve seen this year, this month 75% of homes were paid for using a mortgage. This is up from the previous month when 68% of homes were paid for with a mortgage. Historically, the slowest time for the real estate market in our local area is from July 15 – August 15th. While the summer is the slowest time for real estate in our area, the fall is the fastest time. If you’ve been thinking about selling your home – or even just considering the idea - now is the time to start working with a realtor to prepare and develop a plan for going to market. That said, no one has a crystal ball and can for sure tell you exactly what the real estate market is going to do going forward. However, if you’re thinking of buying a home or selling a home I’m always happy to sit down with you and talk through your situation. Then, I can help develop a customized real estate plan that has your best interest at heart. Feel free to contact me to set up a free consultation. How much is your Fernandina Beach, Amelia Island or Yulee home worth in today's real estate market? Get a FREE instant home valuation here. Even if you're not looking to sell your home right know, knowing you're home's value can help you with financial planning, updating insurance coverage, as well as contenplating potential housing moves. I’d be more than happy to answer any questions you have about these real estate market stats for the Amelia Island, Fernandina Beach, Yulee and surrounding Nassau County, Florida or any real estate related questions you may have! Feel free to contact me at (904) 866-1211 or colleen@closewithcolleen.com. ABOUT TOP FERNANDINA BEACH REALTOR COLLEEN GERKEColleen Gerke is a Top Producer Realtor in Fernandina Beach, Amelia Island, Yulee and the surrounding Northeast Florida area. Colleen has a top 5-Star rating on Zillow, Yelp, Realtor.com and Facebook. She strives to be the best real estate agent you’ve ever worked with! Whether you’re looking to sell your house in Fernandina Beach, move to Amelia Island, or add a Florida property to your rental portfolio, you’ll have a stress-free real estate experience when you Close with Colleen.
What is a blind offer in real estate?
A blind offer is a real estate offer that is made without the buyer having seen the property in person. This type of offer is often made by investors who are looking to buy properties quickly and without having to compete with other buyers. Blind offers can be made in any type of real estate market, but they are more common in hot markets where there is a lot of competition for properties. In these markets, buyers may be willing to make a blind offer in order to have a better chance of getting the property they want. There are a few different ways to make a blind offer. One way is to simply submit an offer without seeing the property. Another way is to submit an offer with a contingency that allows you to see the property before the offer is finalized. If you are considering making a blind offer, there are a few things you should keep in mind. First, you need to be sure that you are comfortable buying a property without seeing it in person. Second, you need to make sure that you have done your research on the property and the area. Third, you need to be prepared to act quickly if your offer is accepted. Blind offers can be a great way to buy a property in a hot market. However, they are not for everyone. If you are not comfortable making a blind offer, there are other ways to buy a property. Here are some tips for making a blind offer: Do your research. Learn as much as you can about the property and the area. Be prepared to act quickly. If your offer is accepted, you need to be ready to move forward with the purchase. Make a strong financial offer. This will give you a better chance of having your offer accepted. Be patient. It may take some time to find a property that you are interested in and that the seller is willing to sell without seeing in person. Blind offers can be a great way to buy a property in a hot market. However, they are not for everyone. If you are considering making a blind offer, it is important to do your research and be prepared to act quickly if your offer is accepted. If you are interested in learning more about blind offers in Amelia Island or Fernandina Beach, Florida, please reach out to me to discuss the pros and cons. As a top realtor in the Fernandina Beach and Amelia Island, FL area, I can help you assess your options and make the best decision for your individual needs. ABOUT TOP FERNANDINA BEACH REALTOR COLLEEN GERKEColleen Gerke is a Top Producer Realtor in Fernandina Beach, Amelia Island, Yulee and the surrounding Northeast Florida area. Colleen has a top 5-Star rating on Zillow, Yelp, Realtor.com and Facebook. She strives to be the best real estate agent you’ve ever worked with! Whether you’re looking to sell your house in Fernandina Beach, move to Amelia Island, or add a Florida property to your rental portfolio, you’ll have a stress-free real estate experience when you Close with Colleen. thumb_upthumb_down tuneshare Google it
Amelia Park Neighborhood Real Estate Update - 2023, 2nd Quarter
I love the Amelia Park Community in Fernandina Beach, FL and I’m apparently not the only one! While many places across the country are experiencing a decline in real estate prices, the Amelia Park community sure isn’t. In the second quarter of 2023, the average price of a single family in the Amelia Park Community was 22% higher than this time last year. As a Top Producer Realtor at Engel & Volkers First Coast here's your quarterly real estate market update for the Amelia Park neighborhood: Recent Home Sales in the Amelia Park Community in Fernandina Beach, Florida The following existing homes sold in neighborhood during the 2nd Quarter of 2023. *1767 Gardenia – Sold for $1,133,000 on 5/24/23 – MLS #104073 *1745 Howard – Sold for $900,000 on 4/17/23 – MLS #101309 *1531 Lakeview – Sold for $767,000 on 4/21/23 – MLS #104258 The town home sold in neighborhood during the 2nd Quarter of 2023. *1588 Park – Sold for $450,000 on 6/30/23 – MLS #104683 Top Producer Colleen’s Analysis: During the 2nd quarter of 2023, 3 single-family homes sold in the Amelia Park Community. The average sales price of these homes was $933,333, or $429/square-foot. This was approximately 22% higher than the average square-foot price of homes sold this time last year. One town home sold during the 2nd quarter of 2023 for a price of $450,000, or $272 per square-foot. Homes Currently Active for Sale in the Amelia Park NeighborhoodThe following existing homes are listed as Active for sale as of 6/30/34. *1567 Olmstead – Listed for $899,000, 43 days on market – MLS #104444 *1720 Heather – Listed for $820,000, 60 days on market – MLS #104257 *1512 Lakeside – Listed for $749,000, 54 days on market – MLS #104384 Top Producer Realtor Colleen’s Analysis:As of June 30, 2023 there are currently 3 homes listed as Active for Sale in Amelia Park. These homes have been on the market an average of 52 days. Their average price listed for sale is $822,667, or $444 per square foot. Vacant Lot Activity in the Amelia Park Community in Fernandina Beach, Florida The following vacant lot is Active for Sale in the neighborhood: *Northpark – Listed for $259,000, 91 days on market – MLS #103926 The following vacant lot is Under Contract in the neighborhood: *1532 Lakeview – Listed for $260,000 – MLS #103292 Top Producer Realtor Colleen’s Analysis: While no vacant lots sold in the Amelia Park community this past quarter, there is one vacant lot listed Active for Sale and one lot that is Under Contract. The lot that is Active for Sale is a 0.22 acre lot on Northpark Drive. The vacant lot that is Under Contract is a cottage lot, on the water, on Lakeview Lane. Curious how much your home in the Amelia Park neighborhood of Fernandina Beach, Florida is worth? Visit my web page devoted to the Amelia Park neighborhood at https://www.closewithcolleen.com/ameliapark Visit https://www.closewithcolleen.com/listing to search for a home in the Amelia Park neighborhood, or around Amelia Island and Fernandina Beach, Florida. Or feel free to call or text me at (904) 866-1211 or email me at colleen@closewithcolleen.com if I can help with any of your real estate needs in the Amelia Park community, or around Fernandina Beach, Amelia Island, Yulee, or Nassau County, Florida. ABOUT TOP FERNANDINA BEACH REALTOR COLLEEN GERKEColleen Gerke is a Top Producer Realtor in Fernandina Beach, Amelia Island, Yulee and the surrounding Northeast Florida area. Colleen has a top 5-Star rating on Zillow, Yelp, Realtor.com and Facebook. She strives to be the best real estate agent you’ve ever worked with! Whether you’re looking to sell your house in Fernandina Beach, move to Amelia Island, or add a Florida property to your rental portfolio, you’ll have a stress-free real estate experience when you Close with Colleen.*Home is not listed for sale by Colleen Gerke of Engel & Volkers First Coast
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