Amelia Island, Florida Real Estate Market Heats Up as Local Brokerage Surpasses $50M in 2012 Sales

If Prudential Chaplin Williams Realty's recent performance is any indication of the future, the housing recovery is well underway. Prices are heading up, inventory is down and list-to-sales ratios are on the upswing.

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Nowhere is the sign of recovery more apparent than in the increase of median sales price for attached homes, including Amelia Island oceanfront condos.

NASSAU COUNTY, FL (PRWEB) October 18, 2012

The Amelia Island - Nassau County Association of Realtors recently released its monthly indicators report for the local Amelia Island real estate market and its numbers reveal what the Realtors at Prudential Chaplin Williams Realty have been experiencing; the real estate market is in the midst of an active recovery. Perhaps the most telling testament to this fact is Prudential Chaplin Williams Realty's recent achievement of surpassing 50 million dollars in sales in 2012 despite several months of poor housing market numbers.

Nowhere is the sign of recovery more apparent than in the increase of median sales price for attached homes, including Amelia Island oceanfront condos. The median average sales price for attached homes rose to $398,000. As would be expected, the year to date (YTD) median sales price for attached homes increased also, rising from $260,394 to $337,706 or 29.7%.

Though more modest, the median sales price for Fernandina Beach homes and other detached single family homes also rose; the sales price for the average detached home in August 2012 rose to $205,000 from $189,000 in August 2011, or 8%. The increase in median sales price for both attached and detached homes certainly helped Prudential Chaplin Williams Realty surpass the 50 million dollar sales mark.

News on the length of time that homes are remaining on the market is somewhat mixed. Amelia Island real estate professionals will be pleased to note that attached homes that sold in August 2012, like Amelia Island oceanfront condos, were on the market for around 107 days. The number of days that attached properties were on the market represents a 20.7% year-over-year decrease in the length of time from listing to contract acceptance. Detached homes that were sold in August 2012 were on the market for a similar length of time, 109 days, a number which reflects an 11.2% year-over-year increase in the length of time between listing and acceptance.

The increase in median sales price was also a boon to home sellers. The Amelia Island - Nassau County Association of Realtors reported that sellers of unattached homes, like Fernandina Beach homes, in August 2012 sold for 91.2% of their original list price. Year over year, that figure reflects a 4.9% increase. Sellers of attached property, like Amelia Island oceanfront condos, marked a slight 1.7% decrease in the amount received compared to August of last year but that number is still 93.2% of their listed price.

The Realtors of Prudential Chaplin Williams Realty remain knowledgeable about the dynamic state of the Amelia Island and nearby Yulee, FL real estate market and have demonstrated, as most recently noted by their having surpassed 50 million dollars in 2012 sales, that they have the ability to navigate home buyers and sellers to a successful and beneficial outcome.

About Chaplin Williams
Prudential Chaplin Williams Realty is a full-service real estate brokerage serving all of North East Florida and headquartered on Amelia Island. Chaplin Williams Rentals is a full-service professional property management company also located on Amelia Island, Florida. Both companies were established by owners, Dee Chaplin and Hugh Williams. For more information, visit Prudential Chaplin Williams Realty online at http://www.chaplinwilliams.com or call 904-261-9311. Call Chaplin Williams Rentals at 904-261-0604 or visit http://www.chaplinwilliamsrentals.com


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