Posts Tagged ‘Real Estate Investing’

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Declining Dollar Draws Foreign Investors

December 2, 2009

MSNBC recently quoted Arthur Wong who runs a Canadian based U.S. Real Estate fund as saying, “This could be a once-in-a-generation opportunity for real estate investment.” The artilce went on to state that Buyers from countries like Brazil, France, and the Netherlands with strong currencies are spending millions on condominiums in Florida, New York and Las Vegas.

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Foreign Investment in Florida.

November 25, 2009

“As part of our global asset allocation, we are targeting Florida as one of the areas with the most potential to recover value on the residential side,” said Shlomo Cohen,  vice president of real estate for Dizengoff-Trading Group which just completed the purchase of 115 condo units in Palm Beach.  The same Isreali based company completed the purchase of 118 condos in Jensen Beach in September.

The weak dollar and market which by many accounts has reached bottom is fueling a flurry of investment is Florida.  I see many great deals here in our Sarasota/Bradenton market and are working on many purchases with foreign investors.  Now is the time to back into the market.

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Sarasota Real Estate Investing

November 16, 2009
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Sarasota Home Prices Up 5%

November 12, 2009

I have always said that when there is a recession Sarasota is among the last to experience it and among the first to recover.  The National Association of Realtors indicated that homes prices have fallen in 8 of 10 cities in the US in the third quarter.  At $185,200, the median home price in the Sarasota-Bradenton area is up 5.3% from the second quarter of this year.  Total home sales in Sarasota-Bradenton for the third quarter of this year  topped 2,314 which was about the same as in Q2 but up 32 percent from last year.    The Today Show named Sarasota the number one place to buy and it looks like now is the time to buy.  Visit www.todayshowsarasota.com for more information.

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Siesta Key Condos

October 30, 2009

Currently on Siesta Key there are 374 condominiums for sale at an average price of $650,498. The highest price is a 4 bedroom 4 bath condo/townhouse unit at Waters Edge that is listed for $2,799,000. The lowest price condo is an efficiency unit at the Hyatt Siesta Beach, a fractional ownership resort which is listed for only $135,700.

So far this year 157 condominiums have been sold at the average price of $529,462. The highest priced sale closed at the selling price of $3,150,000. It was a 4 bedroom condo at Seagrove that was listed for $4,250,000. The lowest priced sale was $140,553 for a foreclosure unit at Bay Oaks.

At this time on Siesta Key there are 42 pending condominium transactions.  The average priced listing under contract on Siesta Key is $439,952.  Condominium sales on average are closing at 88.5% of their listed price.  There are some nice deals on Siesta Key right now so give us a call at 941-650-4626 or visit www.siestakeycondominiums.com for details about each condominium property.

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Florida Home Sales

October 27, 2009

Homes sales in Florida increased by as much as 34 percent in October marking the 13th consecutive month with increased sales as measure in year-to-year comparison.  There were 14,419 homes sold in September this year compared to 10,778 for the same period last year.  The increase in condominium sales was even more dramatic.  Statewide the sales of condominiums increased by 77 percent over September 2008 and nearly 9 percent over August of this year.  Over 5,000 condo were sold in September compared to 2,870 in September of 2008.  With so many good deals among foreclosures and short sales it is no surprise that sales are up.  If you would like to register to receive daily updates about foreclosures in our area visit www.bankownedpropertydeals.com .

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Foreclosures at Arielle on Palmer Ranch

October 20, 2009

Right now the are two very nice deals on foreclosures at Arielle on Palmer Ranch. This is a very nice gated luxury condominium community. Click here to view the details about these bank owned properties. Visit our website www.palmerranchcondominiums.com/arielle for more information about the community or visit www.bankownedpropertydeals.com to get daily updates about other foreclosure as they come to market.  If would rather try before you buy, we have a great rental opportunity at Arielle.  It is a furnished three bedroom unit with lake view and two car garage available for $1,700 per month.  Call 941-650-4626 for more information.  Click here to view the rental.