The Miller Report

There is lots of idle talk that the Amelia Island real estate market is cooling and that prices could drop in the future. But the facts don't support this. In fact, the market is still in a seller's market with inventory remaining low (as low as 50% of 2017-2019 levels) and prices remaining stable if not increasing. The showing activity has certainly slowed during May and June but we think this is due to a dramatic increase in international travel among other things. By the end of July, single-family home sales in the Amelia Island Plantation will be about equal to last year. A nearly $7 million dollar marsh-front listing just went under contract and we are seeing strong demand from buyers relocating from other parts of Florida. We do not anticipate a weakening of the real estate market as long as the stock market remains relatively healthy. 

Is Amelia Island still in a seller's market? The national news is saying the housing market has cooled and prices are dropping. Is this also true of Amelia Island? James and Dave discuss the local real estate market for the 1st quarter of 2023 for Amelia Island, the Amelia Island Plantation, and Nassau County. Thank you for listening and don't forget to subscribe to stay up-to-date on the latest Amelia Island real estate news!

Insurance premiums for Florida condominiums have increased dramatically this year. In some cases, premiums have increased as much as 100%. What is causing this rapid rise? Will premiums go down in the future? Did the Surfside condo collapse impact the condominium insurance market? Shaun Woleshin, the Area Senior Vice President of Gallagher Insurance, answers all these questions and more in this interview with James Miller. Thank you for listening and please share with anyone who would find this information interesting! Please subscribe on Apple Podcasts, Spotify, Stitcher, Amazon Music, or your any other podcasting platform! 

How has condominium law been impacted by the collapse of the Champlain Towers of Surfside? What can condominium associations do to prepare themselves for future changes? What should condominiums already be doing from a legal perspective to address aging infrastructure, financial health, and more? Listen in to this interview with Josh Martin to find out! 

Did you know that Amelia Island is the birthplace of the modern shrimping industry? Did you know that you can buy shrimp ice cream at the Shrimp Festival? Guess how many people are expected to visit Amelia Island during Shrimp Fest? Whether you are new to Amelia Island or have attended many Shrimp Festivals, you'll learn things you never knew in this wonderful interview with Thea Seagraves. Thea is the Education Director at the Amelia Island Museum of History and in this episode, she weaves a masterful story about how important the shrimping industry and Shrimp Festival are to Amelia Island! 

In this interview with Ben Stephens of Capital City Home Loans, we discuss the changes made to the Fannie Mae and Freddie Mac lending guidelines in the wake of the Surfside Condo collapse. These changes aim to combat aging infrastructure and significant deferred maintenance in condominiums. What are these changes and how do they impact a buyer's ability to obtain financing for a condo purchase? What challenges do condominiums face in the future? What can condo association boards do to make sure their condominium satisfies lending requirements? Ben addresses all of these questions and more in this episode of the Miller Group Real Estate Show. 

What can condominiums do to address aging infrastructure and deferred maintenance in the wake of the Surfside condo collapse? Jason Hambrecht, President and CEO of CSI Engineering, is the go-to source for condominium infrastructure analysis for Amelia Island and Northeast Florida. In this interview, Jason discusses what condo associations should be doing to address aging infrastructure and prevent a build-up of deferred maintenance. 

From smart cities to autonomous cars, the "internet of things" could revolutionize how we live. How will 5G change beach parking, communication, home appliances, real estate, and more??? Could this be the biggest evolution since the industrial revolution? 

What's happened so far in the 2021 real estate market and where are we headed for the remainder of the year? Could Amelia Island Plantation listing inventory reach zero? Why the  S.A.I.S.S.A beach renourishment is vital to property values. A study published in The Wall Street Journal claimed that spending time in nature is good for your health and that property values could be positively impacted by a community's access to trees. Condominium associations need to prepare for a future dominated by electric vehicles by providing accessible plug-in stations. James and Dave discuss all this and more! 

In this episode of the Miller Group Real Estate Show, James discusses the Amelia Island and AIP real estate markets which are in a hot seller's market. Pending sales are up as much as 111% as of June 17th. Mortgage rates are at an all time low. Big-city residents are looking to relocate to vacation homes. Acceptance of work remote will bring major changes to the local real estate market. Please share this episode with your friends and family and give us a 5 star review on iTunes! Thank you for listening!