Condo sales on Amelia Island & Fernandina Beach seem to have slowed down to a trickle as discretionary income and tougher financing become greater factors. There does appear to be some traffic looking for steep discounts on oceanfront units. However, our market is not in the fire sale mode. Premium condos are running $800k and up and houses along the ovean are still 1 million plus for the most part. I have seen some good buys at "The Surf". A project by the developers of Brylen Homes and Amelia Park. Brand new construction on multi-level townhouses and single family lots starting at $300k. However, these units are located on the west side of Fletcher. See a full inventory of property at www.nassaumls.net
The off Island market in Yulee and Fernandina Beach is active with homes under $250k making up most of the sales. Builder close-outs are in their final phase as ICI Homes & Standard Pacific seem to making an effort to clear out the last of their nventory homes. Some of these houses have been vacant for over a year and are now priced to move. I just wrote a contract on a home at The North Hampton Golf Community that had been significantly reduced. These are quick move in options and lower prices seem to be the difference.
John Holbrook - Realtor Amelia Island, Florida
Prudential Chaplin Williams Realty