Area home buyers and sellers apparently are in lock step with an early changing of the seasons in Nassau County, springing to action just as new shoots and blossoms begin to emerge across our beautiful landscape.

The positive economic news: real estate activity continued brisk into March, with year-to-date sales in the county totaling $94 million vs. $80 million at this same time in 2010; an increase of 14.8 percent.

This trend was mirrored in our broader region, with the Northeast Florida Association of Realtors this week announcing a 12.9 percent increase in year-to-year sales. Pending sales also showed gains, jumping 10.7 year-over-year.  

Northeast Florida inventory dropped 25.2 percent to reach 9.2 months, signaling a continued move in the right direction toward a balanced market of five- to six-months’ inventory. Overall, the inventory of homes for sale dropped from 15,721 last year to 12,998 this year, a reduction of 17.3 percent.

Nassau County listings volume of $191 million year-to-date was down from $239 million in 2010. Thus, demand currently is somewhat outpacing supply. However, with lower median sale prices, the current real estate environment is turning out to be a plus for both home buyers and sellers.

Landmark Sale

Wonderful news for the luxury market: a $3 million sale of an oceanfront villa in Dunes Club on the Omni Amelia Island Plantation was recorded in early March. Previously, there had been no recorded sales over $1.3 million in the Dunes Club complex during the past 30 months.

Personally, year-to-date, I’ve listed $6 million and closed $4.3 million in sales. Seven deals currently are pending, with 60% of the transactions being cash purchases.

Spring Home Tour

Saturday, April 2, Coldwell Banker The Amelia Group is proud to feature our Spring Home Tour—a planned open house event at Dunes Club and Long Point on Omni Amelia Island Plantation.

A total of 13 properties will be open for your viewing pleasure, and refreshments will be served at all sites. Come out and see these spectacular properties. We’ll look forward to meeting you!

Collectively, we continue to see optimistic signs of real estate growth on Amelia Island and throughout Nassau County. I believe this trend will continue, and encourage you to move confidently ahead if you’re presently considering the sale of your home or the purchase of another property.

As always, I take great care in striving vigorously to make certain that every buying and selling experience exceeds my clients’ expectations. Please contact me at your convenience, and I’ll be glad to explain the competitive advantages you can achieve as your agent of choice.