The real estate market in Fernandina Beach and Amelia Island continues to be strong in 2017 for sellers, however, homes still remain attainable for buyers in several price ranges. The recent median price for homes in Fernandina Beach was $325,000 as reported by Trulia, with a $1,675 median rent per month.
Like any real estate market, Fernandina Beach sometimes fluctuates, but in recent months it has shown strong signs of growth and stability as the median home value is expected to continue to rise over the next year. Although homes can be priced higher on average than nearby Jacksonville, they often feature proximity to the beach, waterfront views, and access to the many attractions of the island.
An increase in median home price
Trulia reports a median sales price increase of 12% ($35,550) over the past year compared to the prior year (as of August 2017), a sign that demand is growing for homes in Fernandina Beach, while the average price per square foot also rose to $167 from $152.
As median sales prices are expected to continue to rise due to healthy demand, it remains a good time to invest in a home in Fernandina Beach due to the stability of the market and a desirable location, for either a primary or secondary home.
A plentiful inventory
In spite of increasing prices and demand, inventory is relatively plentiful in Fernandina Beach, and homebuyers can find several suitable options in multiple price ranges. Condos start at around $175,000 with single family homes of 3 bedrooms or more being available at around $225,000, offering a viable entry point for many first time homebuyers.
These homes feature spacious floorplans and their average prices are quite comparable to several parts of nearby Jacksonville. However, Fernandina Beach homes have the unique benefits of living on an exclusive barrier island with beaches, nature parks, fishing, boating and other plentiful outdoor attractions and local community events nearby.
Continually ranked among the best places to live in Florida
Fernandina Beach remains off the beaten path compared to Jacksonville, offering exclusive access to nature and much more privacy. It continues to be a premier barrier island destination for people of all backgrounds including those who are permanently relocating, vacation homebuyers, and others. Fernandina Beach also is close enough to Jacksonville for daily commuters or for those who work in the city less often, as downtown is about a 45 minute drive away.
Niche.com grades Fernandina Beach as an “A-“ with a variety of factors being taken into account including jobs, family life, public schools, crime, housing, outdoor activities and more. For those who are looking on settling down, in the area, the local educational institutions are excellent and highly ranked for the state of Florida, with several public and private options from kindergarten through 12th grade.
To learn more about the homes for sale in Fernandina Beach and the local real estate market whether you plan on buying or selling a home here in the near future, contact ERA Fernandina Beach Realty today by calling (800) 741-4011.