Oyster Bay Harbor Neighborhood Real Estate Update - 2024, 2nd Quarter
The average sales price of both homes and lots continues to increase in the Oyster Bay Harbour neighborhood of Fernandina Beach, FL! As a top listing agent in the Oyster Bay Harbour neighborhood as well as a resident realtor, here's a quick recap of the Oyster Bay Harbour real estate market as we wrap up the 2nd quarter 2024. Recent Home Sales in Oyster Bay Harbor 96321 Bay View – Sold 6/23/24 for $1,710,000 ($374/sf) – MLS#107156 One home sold during the 1th quarter of 2024, which was a 4,575-sq-ft. marshfront home I had listed for sale on Bay View Dr. This home sold for $1,710,000 or $374/sq-ft. This square-foot price was up slightly from the $373/sq-ft average sales price seen in 1st Quarter of 2024, and up 4% from the average $360/sq-ft price of the new home sold in Oyster Bay one year ago.Homes Currently Available for Sale in Oyster Bay Harbor 96450 Conch Ct. - $2,387,500 ($822/sf) – MLS #107936* 96613 Bay View Dr. - $1,700,000 ($508/sf) – MLS #108013* 96582 Compass Point - $1,295,000 ($457/sf) – MLS #106394* 96026 Park - $999,800 ($307/sf) – MLS #105512 96199 Light Wind - $999,000 ($335/sf) – MLS #108781* 96056 Soap Creek - $899,000 ($402/sf) – MLS #108310* 96280 Light Wind - $830,000 ($409/sf) – MLS #108835 As of June 30, 2024 there are currently seven existing homes listed as Active for sale in the Oyster Bay Harbour neighborhood ranging in price from $830,000 - $2,387,500. The average listed price per square foot is $463. New Home/Lot Packages Available for Sale in Oyster Bay Harbor 96606 Compass Point - $1,049,000 ($386/sf) – MLS #108712 96582 Bay View - $920,000 ($343/sf) – MLS #1245407* There are also currently two home/lot building packages listed Active for sale in Oyster Bay Harbour with an average price of $984,500, or $364/square-foot. The one on Compass Point will be built by the builder Artisan, and the one on Bay View will be built by Beckon Home Builder. Homes Under Contract in Oyster Bay Harbor 96594 Compass Point – Listed for $949,000 ($342/sf) – MLS #105857* 96074 Park – Listed for $908,500 ($404/sf) – MLS #108311 96558 Compass Point – Listed for $899,000 ($317/sf) - MLS #103512* Three homes are currently Under Contract in the neighborhood. One is an existing but newer home on Park Place, and the other two are villas that are in the process of being built by the builder Artisan. The average square-foot price of these homes is $354/square-foot, for a total average price of $918,833 per home. However, this listed price may differ from the final sale price once the home sales are fully closed. Vacant Lots Sold in Oyster Bay Harbor 96426 & 96430 Conch – Sold on 5/20/24 for $289,000 - MLS #104817 96424 Soap Creek – Sold on 5/15/24 for $270,000 – MLS #105506 96614 Bay View – Sold on 6/26/24 for $259,000 - MLS #107809* Lot sales stayed steady this quarter with 3 lots selling, all of which were marshfront. These lots had an average sales price of $272,666. Vacant Lots Available for Purchase in Oyster Bay Harbor 96524 Soap Creek - $335,000 – MLS #108551 96590 Bay View - $299,000 – MLS #1245482* 96602 Bay View - $299,000 – MLS #1245484* 96600 Soap Creek - $269,000 - MLS #106714 96588 Soap Creek - $269,000 – MLS #106441 96720 Soap Creek - $224,500 - MLS #107626* While there are no vacant lots currently Under Contract in the Oyster Bay Harbour neighborhood, there are currently 6 vacant lot listings Active for sale, 4 of which I have listed for sale. The average price of lots listed for sale is $282,583. Curious how much your home in the Oyster Bay Harbour neighborhood of Fernandina Beach, Florida is worth? Visit my web page devoted to the neighborhood Oyster Bay Harbour at https://www.CloseWithColleen.com/OysterBay Visit https://www.CloseWithColleen.com/listing to search for a home in the Oyster Bay Harbour neighborhood, or around Amelia Island and Fernandina Beach, Florida. How can you find out when a home in the Oyster Bay Harbour Community is listed for sale? Join the Oyster Bay Harbour Buyers waitlist at https://www.CloseWithColleen.com/OysterBayWaitlist 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 Oyster Bay Harbour 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.*Property not listed for sale by Colleen Gerke of Engel & Volkers First Coast
Oyster Bay Harbor Neighborhood Real Estate Update - 2024, 1st Quarter
While the demand for existing resale homes in the Oyster Bay Harbour Community of Fernandina Beach, FL has slowed down this quarter, we’re still seeing significantly high prices for homes in the community. Additionally, vacant lot sales have started picking up again. As a top listing agent in the Oyster Bay Harbour neighborhood as well as a resident realtor, here's a quick recap of the Oyster Bay Harbour real estate market as we start off 2024. Recent Home Sales in Oyster Bay Harbor 96626 Bay View – Sold 3/19/24 for $1,100,000 ($423/sf) – MLS #106359* 96600 Compass Point – Sold 2/29/24 for $912,965 ($317/sf) - MLS #102828* Two homes sold during the 1th quarter of 2024. Both were new homes constructed by the builder Artisan and located in the newer section of Oyster Bay close to the yacht club. The average square-foot price of these new homes was $373/sq-ft. This was down from the average $422/sq-ft price of homes sold in the 4th Quarter of 2023, but up 29% from the average $326/sq-ft price of the new home sold in Oyster Bay one year ago.Homes Currently Available for Sale in Oyster Bay Harbor 96321 Bay View - $1,799,000 ($393/sf) – MLS#107156 96582 Compass Point - $1,300,000 ($459/sf) – MLS #106394* 96478 Soap Creek - $1,299,000 ($381/sf) – MLS #1179202* 96199 Light Wind - $1,050,000 ($353/sf) – MLS #106126* 96026 Park - $999,800 ($307/sf) – MLS #105512 96058 Bay View - $969,000 ($306/sf) – MLS #106394* As of March 31, 2024 there are currently six existing homes listed as Active for sale in the Oyster Bay Harbour neighborhood of Fernandina Beach ranging in price from $969,000 - $1,799,000. The average listed price per square foot is $367. New Home/Lot Packages Available for Sale in Oyster Bay Harbor 96582 Bay View - $920,000 ($343/sf) – MLS #1245407* 96634 Soap Creek - $1,650,000 ($461/sf) – MLS #2003071* There are also currently two home/lot building packages listed Active for sale in Oyster Bay Harbour with an average price of $1,285,000, or $402/square-foot. Two home/lot packages that had been previously listed Active for sale in the MLS by the builder Artisan have been withdrawn. Homes Under Contract in Oyster Bay Harbor 96594 Compass Point – Listed for $949,000 ($342/sf) – MLS #105857* 96558 Compass Point – Listed for $899,000 ($317/sf) - MLS #103512* 96401 Contessa Point - Listed for $719,000 ($311/sf) - MLS #101678* Three homes are currently Under Contract in the neighborhood. All of these are villas that are in the process of being built by the builder Artisan. The average square-foot price of these homes is $323/square-foot, for a total average price of $855,666 per villa. However, this listed price may differ from the final sale price once the homes are fully specked out and built. Vacant Lots Sold in Oyster Bay Harbor 96621 Bay View – Sold 1/5/24 for $375,000 – MLS #106407 96744 Soap Creek – Sold 3/28/24 for $220,000 - MLS #104358* 96269 Park – Sold 3/8/24 for $169,000 – MLS #107048* While home sales have slowed down in the neighborhood, lot sales have picked up! Three lots sold in Oyster Bay Harbour last quarter – 1 interior lot and 2 marshfront lots. The lot I listed and sold at 96621 Bay View Dr. for $375,000 was a record setting lot sale for the Oyster Bay neighborhood! The previous record was when I sold this same lot two years earlier for $349,000. Vacant Lots Available for Purchase in Oyster Bay Harbor 96524 Soap Creek - $335,000 – MLS #107049* 96426 & 96430 Conch - $299,900 - MLS #104817 96590 Bay View - $299,900 – MLS #1245482* 96602 Bay View - $299,000 – MLS #1245484* 96600 Soap Creek - $285,000 - MLS #106714 96424 Soap Creek - $275,000 – MLS #105506 96588 Soap Creek - $269,000 – MLS #106441 96614 Bay View - $265,000 - MLS #105816* 96720 Soap Creek - $224,500 - MLS #107626* While there are no vacant lots currently Under Contract in the Oyster Bay Harbour neighborhood, there are currently 9 vacant lot listings Active for sale, 4 of which I have listed for sale. The average price of lots listed for sale is $283,589. What Buyers are Looking For in Oyster Bay HarborI do have several customers I’m working with who are looking for a vacant interior lot in Oyster Bay Harbour, and several more customers who are looking for an existing single-story, smaller home in the community. If you have either of these options and would consider selling, please feel free to reach out to me. Curious how much your home in the Oyster Bay Harbour neighborhood of Fernandina Beach, Florida is worth? Visit my web page devoted to the neighborhood Oyster Bay Harbour at https://www.CloseWithColleen.com/OysterBay Visit https://www.CloseWithColleen.com/listing to search for a home in the Oyster Bay Harbour neighborhood, or around Amelia Island and Fernandina Beach, Florida. How can you find out when a home in the Oyster Bay Harbour Community is listed for sale? Join the Oyster Bay Harbour Buyers waitlist at https://www.CloseWithColleen.com/OysterBayWaitlist 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 Oyster Bay Harbour 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.*Property not listed for sale by Colleen Gerke of Engel & Volkers First Coast.
The Top 5 Things to Know About the Fernandina Beach, FL Real Estate Market This Month
Did you know the average 30-year fixed mortgage rate in our area is just shy of 8%? We’re starting to see the effects of that mortgage rate here in Northeast Florida. I’m Colleen Gerke of Engel & Volkers First Coast here on Amelia Island, and here are the Top 5 things you need to know about our local real estate market this month: #1 – The average sales price of a single-family home in the Fernandina Beach, FL area continues to decline. The current average sales price of a home in our area is $560,375. This is down 8.5% compared to one year ago, and down 9% from the average sales price of $612,124 we saw a month ago. #2 - Active inventory of homes available to purchase remains steady. There’s lots of talk in the news that inventory of homes available for purchase is low. In our area, there is a 2.7-months supply of homes listed active for sale, which is about what it has been for most of the year. #3 - Pending inventory of homes under contract and new pending sales has rapidly declined. While the number of homes available for purchase has remained steady, the number of homes pending sale – or Under Contract – has decreased by 45% compared to this time last year. New pending sales have also decreased by 26%. These are key indicators that the real estate market is starting to slow down. #4 - Homes also are taking longer to go Under Contract and ultimately sell. In September 2023 the median time to go Under Contract was 48 days, and the median time to sale was 135 days. This number has continued to increase throughout the year. A year ago, the median time to contract was just 23 days and homes were selling in 74 days. #5 - 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, surprisingly more buyers are using loans to pay for their home purchase in September 2023 30% of homes were paid for in cash. This is down from 37% of homes being paid for in cash a year ago. 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.
Categories
Recent Posts
