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Colleen’s Real Estate Market Analysis 

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Press Release

By Colleen Gerke, Engel & Volkers

11-06-23

Watch this video for a quick 3-minute analysis of the local real estate market:

  Your Monthly Market Overview 

FOR AMELIA ISLAND, FERNANDINA BEACH & THE SURROUNDING NASSAU COUNTY, FLORIDA AREA

Did you know the average 30-year fixed mortgage rate in our area is just shy of 8%? We’re starting to see the effects of that higher mortgage rate here in Northeast Florida as the real estate market is showing more signs of slowing down.

Here are the Top 5 Things you Need to Know About our Local Current Real Estate Market:

#1 – The average sales price of a single-family home in the Fernandina Beach, FL area continues to decline
#2 – Active inventory of homes available to purchase remains steady
#3 – Pending inventory of homes under contract and new pending sales has rapidly declined
#4 – Homes also are taking longer to go Under Contract and ultimately sell.
#5 – More buyers are using mortgages to purchase homes in the area. 

So, what do these market stats mean for you?

If you’ve been looking to buy a home, please contact me if you see a home you are interested in or are looking for a certain style home. I’d be happy find out more information and schedule a showing. 

If you’ve been considering selling your home, attractive properties that are priced right are still selling. The key is pricing your home correctly from the start and top-notch marketing to positioning it properly in the marketplace. 
How much is your home worth?

Visit my home valuation site to see how much your home is currently worth. It compares three independent market values for your home and gives you access to the profiles of potential buyers in your area.

Even if you’re not planning to sell, you can use this valuation report for financial planning, updating insurance coverage, as well as contemplating housing moves.

Get an Instant Valuation
  Follow Me on Social Media for More Tips & Information

If you’re not already following or subscribe to me on social media, I would love it if you would take a moment to do so!

By following me on social media, you’ll receive additional real estate tips and information you should know, sneak peaks at upcoming listings, behind-the-scenes content from my life as a Realtor, and other fun stuff.

You can find me on:
YouTube
Facebook
Instagram
LinkedIn

I hope you’ll join me on the social media channels you use!
Colleen Gerke
Real Estate Advisor Engel & Völkers
First Coast 5185 S FLETCHER AVE STE 3 I I FERNANDINA BEACH I FL 32034
904-866-1211
col[email protected] I www.closewithcolleen.comSL3481902
©2022 Engel & Völkers. All rights reserved. Each brokerage independently owned and operated. All information provided is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
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