Investing In Florida Real Estate

The May, 2010 Toronto Events and Realtor Quest Trade Shows were a great success for allparticipating! Two seminars offered by Florida Homes Magazine “Investing in Florida” were attended by packed rooms at 2 locations. Thanks to a great line-up of presenters the crowds were provided outstanding information in which to make informed decisions on “Where there Lifestyle will begin.”

Special thanks to Rochelle Herman, “Today with Rochelle” radio 1280 am WTMY for an exceptional live broadcast from the Toronto Congress Center. Our deepest appreciation is extended to all of the presenters who made this seminar such a great success: Carla Rayman, Patricia Tan and Valentina Pippin of Prudential Palms Realty International Divison; Laura McLoughlin, Regional Manager of Moneycorp; Alain Forget, RBC Bank USA; David Altro, Altro & Associates; Sang Park, Ecoterra International; David Smith, Jaymor Group and Garry Levy, Strategic Alliance Financial.

Florida Homes Magazine has an informative radio program each Thursday on “Today with Rochelle,” from 1 to 2 pm, Eastern, on 1280 am WTMY. Going Coastal with Florida Homes Magazine, with your hosts Rochelle Herman and publisher Mike Mattina, can be heard and viewed online at www.WTMY.com. The program offers valuable insight on domestic and international topics relative to the Southwest Gulf Coast Lifestyle and purchasing Florida Real Estate, with an array of guests including attorneys, banking professionals, real estate
professionals and related international real estate specialists.

Housing Snapshot
The first quarter of 2010 offered a tremendous increase in home sales and pending home sales all along the Southwest Gulf Coast, providing increased optimism for the months to come. An increase in median home values for the Sarasota/Bradenton and Naples markets are primary points of enthusiasm that should be noted. Fueled in part by the homebuyer tax credit, the incentives and attractive pricing have buyers poised to purchase.
 

Sun Coast
The numbers continue to remain strong in the Tampa area market, with 1,866 homes sold in April 2010, versus 1573 in April 2009, for an increase of 18.63%. Year-to-date 6,281 homes were sold across all price points versus 5,347 for April 2009, for a 17.47% increase. In all price ranges, homes reflect a sale price of 95% of ask price, an average of 99 days on the market and a reduced overall inventory standing at 7.2 months.

 

Cultural Coast
Reaching the highest pending sales numbers in the past four years, the 1,160 sales contracts accepted for the Sarasota area market reflected a sense of buyer urgency. April 2010 sales outpaced the April 2009 sales by 50%, while the first quarter of 2010 indicates an 8% increase in the median value of area homes.

Paradise Coast
April 2010 is the second consecutive month that the median closed price has increased in the Naples area market. For properties over $300,000, the median price increased 3 percent from $534,000 in April 2009 to $550,000 in April 2010. Additionally, traditional sales outpaced distressed property sales two to one. Overall sales increased 46 percent in April 2010 over April 2009, while the pending sales of single-family homes $1M to $2M price range increased 200% from April 2009.

Live the Southwest Florida Lifestyle
Live the Southwest Florida Lifestyle