The Miller Report

Amelia Island Real Estate Market Update 1st Quarter 2023

14 min · 11. apr. 2023
episode Amelia Island Real Estate Market Update 1st Quarter 2023 cover

Description

Is Amelia Island still in a seller's market? The national news is saying the housing market has cooled and prices are dropping. Is this also true of Amelia Island? James and Dave discuss the local real estate market for the 1st quarter of 2023 for Amelia Island, the Amelia Island Plantation, and Nassau County. Thank you for listening and don't forget to subscribe to stay up-to-date on the latest Amelia Island real estate news!

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episode The Amelia Island Real Estate Market Is Still In A Seller's Market artwork

The Amelia Island Real Estate Market Is Still In A Seller's Market

There is lots of idle talk that the Amelia Island real estate market is cooling and that prices could drop in the future. But the facts don't support this. In fact, the market is still in a seller's market with inventory remaining low (as low as 50% of 2017-2019 levels) and prices remaining stable if not increasing. The showing activity has certainly slowed during May and June but we think this is due to a dramatic increase in international travel among other things. By the end of July, single-family home sales in the Amelia Island Plantation will be about equal to last year. A nearly $7 million dollar marsh-front listing just went under contract and we are seeing strong demand from buyers relocating from other parts of Florida. We do not anticipate a weakening of the real estate market as long as the stock market remains relatively healthy.

7. juli 202315 min