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Florida’s existing condo
sales continued its positive upward trend beginning in late 2011 and
prices are stabilizing. |
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Nov. 9, 2011 – Florida’s existing home and
existing condo sales continued to show gains in third quarter 2011 compared
to the same period a year earlier, according to the latest housing
statistics from Florida Realtors®. Condos continue to be foreign buyers’
residence of choice with condominium sales accounting for more than 70
percent of purchases. International buyers are are largely cash buyers. 91
percent of Canadians who bought property in Florida paid cash, 90 percent of
Western Europeans, and 88 percent of Venezuelans, according to the latest
international report by the National Association of Realtors.
Foreclosures - Bank Owned (REO) Single Family Homes For Sale
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Under $150,000
$150,000 to $200,000
$200,000 to $300,000
$300,000
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provided courtesy of Pinellas Suncoast Association of Realtors.
IDX Listings shown on this web site are broker recriprocity.
Real
Estate Listings held by brokerage firms other than Charles Rutenberg Realty, Inc. are
marked with the Broker Reciprocity logo. All information deemed reliable but not
guaranteed. All property is subject to prior sale, change or withdrawal. Search all Tampa Bay Real Estate Listings from the MLS.
Let us assist you with your search. Your criteria is important. Searching for
furnished investments to rent for income when you are not using it during
vacations? Do you prefer Townhomes, Villas or a Condominium. Is waterfront,
gulf front or lakefront in your desired criteria? If you are retired do you
desire an age restricted senior 55 plus complex. Prefer the ground floor
or above the 1st floor. If you have pets - how many and what do they weigh - there are restrictions on pets in most complexes.
What about the location - mid Pinellas County near Clearwater Beach or south to St
Petersburg and St Pete Beach or north Pinellas - Dunedin, Palm Harbor or Tarpon
Springs. What about docking a boat? Do you have a
boat or might buy one - we would need to know if sailboat or motor
boat...and the draft and length to determine proper dock sizes, water depths
and gulf access etc. Do you desire a furnished unit. Do you have children
and are interested in schools in the area. What is the maximum price you
would pay. All cash or pre approved for financing. Many properties are short
sales and foreclosures and financial information is critical before making
any offer. MLS Listing prices are only asking prices and should have room to
negotiate. We run comparable sales on any property that interests in advance
of making any offer. You can see that our process in searching and finding
you the perfect property requires experience and patience.
Click Here to Begin Your Search
Positive Florida Real Estate Predictions for 2011. All
the indicator trends are pointing to a gradual housing recovery. "Florida
Statewide sales activity posted
gains over the previous year. Continuing gains in real estate sales are
encouraging, and the positive impact of steady job creation will more than
overcome the
impact from a modest rise in historically favorable mortgage interest rates,
said Chief Economists of the National Association of Realtors®
Also, Fannie Mae’s latest national housing survey finds that 70% of
Americans think it is a good time to buy real estate.
Short Sales, Bank Owned and
Foreclosure Condos
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use and also rent for income Click Here in
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Largest Real Estate Office - Charles Rutenberg Realty, Inc. 1545 S. Belcher Rd. Clearwater
Florida 33764
We're a Team of Buyers Agents with access to all MLS Listings in Florida.
Michael "Max" Kuzmicz, Top Team Administrator
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newest listings Click Here
It's a Buyers Market - Examples
- MLS #: 7333610 Asking Price: $129,000 - SOLD PRICE: $90,000
MLS# 7310287 2 Bedroom Condo on the water Asking Price: $245,000 - SOLD Price:
$199,000
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Real estate property
insurance and flood insurance in Florida have increased. If you're not familiar with the
condo market - note, most Condominium Complexes are covered by a master insurance policy.
The Real Estate Condo Documents will have details on property insurance, rental policy,
maintenance fees, pets allowed, pet weight restrictions, association fees. parking space,
use of boat slips, community boat ramps, pool access etc. We will be happy to assist and
answer any questions. Contact us for a free consultation, especially if this will be a
second residence and you desire to lease or rent it out.
Example-
Gulf Front Furnished Rents averaged $22,000 per year. We represent Buyers. We have
years of experience if you are searching for an investment. We welcome Foreign Investors Canadian,
Great Britain, Norway, Ireland and the European Union to Contact Us.
The listing price on a short sale is not a solid commitment to sell at the
advertised price. A short sale is a property that sells for less than the
seller's mortgage balance which creates a loss for the seller's lender. Most
times asking prices will or will not, reflect a price that the seller's
lender is willing to accept. The listing real estate agent decides how to
price the real estate property. Some advertise condos at an unrealistic low
price on the real estate to attract buyers and to get a contract to submit.
The lenders give no advice on the price they'll accept, until after they
have a contract submitted. Many times they will when the lenders approval is
given, it could contain conditions that the seller can't or won't comply
with, such as repaying some of the lenders loss via a contract to repay
The main question In today's market is, "what is the
just market value of any piece of real estate ?" It's easy to research
comparable sales data - when the market is composed of traditional listings
with average selling timeframes. Considering the large amount of bank owned
REO properties and short sales ... the market has become somewhat lopsided
and it's more difficult to get a handle on what a given piece of real estate
is worth. It's critical that an experienced agent is contacted and trusted
that is in tune with the market conditions and familiar with your area of
interest. Deciding on an appropriate price range on a property truly
requires extra skill and knowledge.
If you have pets we will run the search. Each condo association has it's own
rules on pets. The amount of pets, the weight and sometimes the type. |
