Oyster Bay Harbor Neighborhood Real Estate Update - 2023, 3rd Quarter
We’re still seeing record high sales prices of homes in the Oyster Bay Harbour Community of Fernandina Beach, Florida, despite the rising interest rates. In fact, the average square-foot sales price of a home in the neighborhood is 7% higher than it was just a year ago. As a top listing agent in the Oyster Bay Harbour neighborhood as well as a resident realtor, here's an overview of the current Oyster Bay Harbor real estate market. Recent Home Sales in Oyster Bay Harbor 96067 Park Pl. - Sold for $980,000 on 9/20/23 - MLS #105249 Just one home sold during the 3rd quarter of 2023, which was a newer Riverside home I had listed for sale on Park Place. This home was on the market for less than 48 hours. The $980,000 sales price of this home equated to $366/square-foot. This sales price was a bit higher than the $360/square-foot average sale price seen in the 2nd quarter of this year, and nearly 7% higher than the average square-foot price of homes during the 3rd quarter 2022.Homes Currently Available for Sale in Oyster Bay Harbor 96026 Park - $1,100,000 – MLS #105512 As of September 30, 2023 there is currently one existing home listed as Active for sale in the Oyster Bay Harbour neighborhood of Fernandina Beach, which is another home I have listed for sale at 96026 Park Place. This home is listed for sale for $1,100,000, or $337/square-foot. It’s been meticulously maintained and is loaded with high-end features including a brand new whole house generator, newer roof, premium custom woodwork, and it also has a great view of the lake. New Home/Lot Packages Available for Sale in Oyster Bay Harbor *96630 Bay View - $1,100,000 - MLS #102529 *96582 Bay View - $920,000 – MLS #1245407 There are also currently 2 lot/building packages for homes currently listed Active for sale in Oyster Bay Harbour with an average price of $383/square-foot. One is home being built at the end of the bridge near the Yacht Club that is being built by Artisan, and the other is a spec home that is yet to be built by Beckton Home Builders. You may remember that Artisan had several lot/building packages for new Villas listed Active for sale last quarter. However, at this time, they have all been withdrawn from the MLS. New Homes Under Contract in Oyster Bay Harbor *96558 Compass Point – Listed for $899,000 - MLS #103512 *96569 Bay View - Listed for $879,000 - MLS #103510 *96557 Bay View – Listed for $843,900 - MLS #103836 *96600 Compass Point - Listed for $869,000 - MLS #102828 *96422 Contessa Point - Listed for $779,000 - MLS #98662 *96401 Contessa Point - Listed for $719,000 - MLS #101678 6 homes are currently Under Contract in the neighborhood, all of which are Villas. They are in the process of being built or planning to be built by the builder Artisan and New Atlantic. The average square-foot price of these homes is $325/square-foot, for a total price of $831,483 per home. However, this listed price may differ from the ending sale price once the homes are fully specked out and built. Existing Homes Under Contract in Oyster Bay Harbor *96004 Sandpenny Island - $4,650,000 – MLS #105034 The home at 96604 Sandpenny Island is currently Under Contract. This home is listed for $4,650,000 or $593/square-foot. The last time this home sold was in October 2021 and it sold for $2,492,100. Vacant Lots Available for Purchase in Oyster Bay Harbor 96426 & 96430 Conch - $299,900 - MLS #104817 96600 Soap Creek - $299,000 - MLS #102936 *96760 Soap Creek - $290,000 – MLS #105709 *96614 Bay View - $275,000 - MLS #105816 96424 Soap Creek - $275,000 – MLS #105506 *96442 Soap Creek - $275,000 – MLS #105485 *96634 Soap Creek - $270,000 - MLS #104020 *96744 Soap Creek - $235,000 - MLS #104358 *96720 Soap Creek - $225,000 - MLS #105635 While home sales have stayed hot, vacant lot sales have definitely slowed down. No vacant lots sold have sold this year! There are currently 9 vacant lot listings Active for sale, 3 of which I have listed for sale. Two of the vacant lots are in the Villas area of the community, and the others are marshfront lots on Soap Creek Drive. All have some sort of a marsh view. The average price of these lots is $271,544. 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 the community, and several more customers who are looking for an existing single-story 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.*Home is 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
Did you know that last month the average sales price of a home in our Amelia Island, Fernandina Beach, and surrounding Nassau County, Florida area was down more than 20% compared to just one year ago? The local real estate market in our area is starting to show more signs of softening. Here with the top 5 things you need to know about our local real estate market: Not only are homes selling for less than they were a year ago, they are also taking longer to sell.This past month, it took an average of 33 Days for Single Family homes in our area to go Under Contract after they were listed for sale on the MLS. This is up from 11 days a year ago. It also took an average of 102 days for homes to ultimately sell to sell compared to just 63 days this time last year. The number of new homes coming on market has remained steady.Last month 167 homes in our Amelia Island and surrounding Nassau County, Florida area were listed for sale. This was similar to the number of homes that hit the market the previous month, as well as this time last year. Active listings of homes for sale has been increasing.While the number of new homes coming on the market has remained steady, the number of active listings is increasing. At the end of last month there was currently 2.6 months of inventory of homes in our area. This is up more than 30% compared to a year ago. The percentage of homes being paid for with cash is about the same. Although the average interest rates for home mortgages increased significantly compared to this time last year, the same percentage of homes (27%) are being paid for with cash. As mentioned at beginning, average sales price of a home in our area has decreased significantly. The average sales price in our area is currently $506,966. This is down 21% compared to a year ago when the average sales price was $641,970. It’s also down more than $50,000 from the average sales price of $560,411 just one month 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.
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.
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