Amelia Island Nassau County Association of Realtors
The Amelia Island Nassau County Association of Realtors has released its real estate market statistics for the third quarter 2012. These statistics include both single-family residential and condominium sales for Nassau County.
Pending sales of single-family residential properties increased +6.7% during the third quarter of 2012 compared to the third quarter of 2011. Pending sales for condominiums did not fare as well, declining at a rate of -8.3% for the same period. Closed sales of single-family residential properties posted a +2.8% gain quarter over quarter. Sales of condominiums was off -17.5%
The average sale price of a single family home continues to climb, increasing to $268,090, an +11/5% gain over the third quarter of 2011. The average price of a condominium increased +25.4% during the same period to $331,713.
There was an inventory of 854 single family homes reported in the Nassau County Multiple Listing Service, a -14.3% drop compared to the third quarter of 2011. The inventory of condominiums for the same period was down -0.4%. The results continue a trend of a stabilizing market with reduced inventory and a balanced supply of properties for sale.
The Amelia Island Nassau County Association of Realtors provides professional development, professional standards administration, political advocacy, media relations, community outreach activities and exchange of information among its members. All statistics in this report are based on data compiled from the Amelia Island Nassau County Association of Realtor’s wholly owned subsidiary, the Nassau County Multiple Listing Service.
October 31, 2012 7:22 a.m.