Eagle Harbor continues to dominate the Fleming Island market with total number of non-distressed, detached home sales with 112 closed over the last 12 months. Fleming Island Plantation is a close second with 94 closed sales. Pace Island had only 24 closed sales, but sale prices increased at a faster rate than the other larger communities.
Absorption increased over the last 90 days, but supply remains low at about 140 active units, or about three months supply. A balanced market is generally considered around six months supply.
The shortage could have a positive impact on existing sales during the second half of the year.
Dream Finders will add new residential units to Fleming Island during the last quarter of 2015 and early 2016.
The chart below uses the median statistic for each category to illustrate trends over the last year. For example, the median sale price in Eagle Harbor was $290,000, median living area (SF) was 2,527, median price per square foot was $112.86.
FIP