Market spotlight: Three Rivers Estates

September 15, 2016

Let's check in with Three Rivers Estates located in Fort White, Florida at the Columbia, Suwanee County line off of Highway 27. This neighborhood has plenty to offer, including many homes and properties that are located either on or near the river.

Fort White and Columbia County as a whole have 6.4 months and 6.5 months of inventory, respectively. This indicates an extremely balanced market with neither a strong buyer’s market nor a strong seller’s market. Typically, more than six months of inventory would suggest a buyer’s market. Three Rivers Estates currently has 12 homes on the market representing 14.4 months of inventory, so we definitely have a buyers market on our hands in this neighborhood with plenty of options for homebuyers to choose from.

The biggest news for buyers in this market is that there has been a steep decline in the average sales price of homes over the last nine months. Whereas the average sales price over the last year has averaged $106,569, the average sales price over just the past three months has only been $71,250. Furthermore, there has been a notable drop in the average price per square foot, as well. For those looking to get into this neighborhood, now may be a good time.

A huge perk to living in Three Rivers Estates and Fort White, is its proximity to Ichetucknee Springs. This idyllic state park features a crystalline river that flows six miles through hammocks and wetlands and offers an array of activities including tubing, picnicking, snorkeling, canoeing, swimming, hiking and wildlife viewing. This park is just one of the advantages of living in the Fort White area.

Given the inventory currently available in Three Rivers Estates, now would be a great time to check it out!

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