Naples Beach Ranked Top 10 In U.S.

May 31, 2015 — Michael Gehring, Downing-Frye Realty, Inc

Delnor-Wiggins State Park in Naples has been ranked #9 on the Top 10 Beaches 2015 list compliled each year by Dr. Beach (a.k.s. Stephen Leatherman.)  Florida had four beaches make the top 10 list this year including Barefoot Beach in nearby Bonita Beach which ranked #2 on the list. Florida Association of REALTORS

Vail Valley Real Estate Market Report March 2015

May 31, 2015 — Malia Cox Nobrega, LIV Sotheby's International Realty

This past March the Vail Valley had 129 transactions totaling $139,865,116 in sales volume as compared to March of last year at 118 transactions totaling $104,055,895. This contributed to Eagle County ending the first quarter 14% above last year’s year-to-date sales volume and up 8% in transactions. The highest residential sale in March was a single family home in Bachelor Gulch which sold for $10.25 million. The single largest contributor to the sales volume in March was the sale of Adam's Rib development in Eagle. The sales price was only $21 million compared to the estimated 100 million invested in the property by Fred Kummer. Included in this 2,655 acre sale was an 18-hole championship golf course, a 40,000 square foot clubhouse with pool, tennis court and sport court,16,000 square foot golf maintenance facility, five newer construction speculative homes ranging from 2,838 to 6,405 square feet, five member cottages at 2,260 square feet each, 91 finished residential lots ranging from 3.6 to 9.9 acres each with all the necessary infrastructure for immediate development and a fully operational 1,553 acre ranch which includes future development rights for up to 114 additional residential units. Fred Kummer is best known as founder of Adams Mark Hotels & Resorts. Although this may sound like a "steal" there is much to be done and much taken on by the new owners of the development. If you remove the 21 million dollar Adam’s Rib sale then the sales volume increase this year was less impressive in the first quarter with almost all the impressive numbers being turned in for January. I have mentioned in my previous blog posts that I believe there was a bit of a slump in the otherwise strong luxury market during the middle of the ski season this past winter. Many luxury brokers agreed that this was due to the FIS World Ski Championship event and the subsequent unseasonable mid-season weather. The good news was the late season buyers came out in force helping perk up the very end of the season luxury numbers which will trickle in mostly through the months of April, May and June. The primary homeowner luxury market and the summer focused luxury markets are seeing strong activity in the “off season” for properties under 3.5 million dollars. This strong showing is hopefully a sign of continued strong summer luxury sales throughout the Vail Valley once the summer season begins. Typically the summer season is in full swing right around the 4th of July and just after. Please contact me if you would like more information about the market or are considering buying and/or selling property. I would love to help!  

Common Real Estate Terms

May 29, 2015 — Debbie Harris-Caldwell, Dale Sorensen Real Estate

When dealing with first time home buyers, I sometimes notice that they get confused by the terms I use.  As a real estate professional, it is easy to sometimes forget that not everyone is as familiar with the words that real estate professionals use everyday.  My assistant once told me that when she started working in real estate she had no idea what FSBO meant.  She said it took her months to connect FSBO with For Sale By Owner.  With that in mind, I decide to break down some common terms that we use everyday, which buyers and sellers might not be familiar with.  Let’s see if we can’t take some of the confusion out of Real Estate. Over the next few weeks I will be covering these terms a few at a time. 

Canada-BC-Whistler-Estate sale over $10 Million-Highest Dollar Volume since 2008

May 28, 2015 — Ursula Morel, RE/MAX Sea to Sky Real Estate

The Whistler market continues to improve, with fewer listings, increasing anticipation in the market. The month of April remained active in Whistler with just over $50 Million in sales and 61 real estate transactions. Chalet and townhome sales have been driving the market including the sale of an Estate Home for over $10 Million.

What a Strong Dollar Means for Foreign Real Estate Buyers

May 28, 2015

Courtesy of Audrey Ross  The dollar is the world’s reserve currency. Around the globe, markets are experiencing large fluctuations and foreign investors are putting their money into the dollar and hard assets to protect their wealth. American real estate is viewed as a form of asset protection. Miami is very popular among Latin Americans who want to move their money out of their native countries and invest their cash in stable assets. The Top foreign buyers in Miami are from Venezuela, Argentina, Brazil and Columbia. Buying up USA properties is a strategy to hedge against falling currencies, market fluctuations and political instability. Miami is a cosmopolitan city that offers these buyers an opportunity to own a beautiful home along one of the most striking coastlines in the world.  For the million plus buyer purchasing in cash, Miami is ideal.

Port Royal Current Real Estate Market Information

May 28, 2015 — Timothy P. Savage P.A., Gulf Coast International Properties

The community of Port Royal currently has 43 homes listed for sale per the SWFL MLS* as of 5/28/2015. The homes range in price from $4,150,000 with 3,797 sq. ft. living area and 6,258 total area to $68,000,000 for 15,996 sq. ft. living area and 21,603 sq. ft. total area. There are 7 lots for sale priced from $3,750,000 to $14,950,000. Six Pending Sales for homes have been posted in the last 90 days with a list price of $5,250,000 to $12,000,000, with one lot Pending at $9,900,000. Within that same time period there have been twelve homes sold priced from $5,300,000 to $17,200,000 and one lot sold at $6,900,000. I have been listing and selling property in Port Royal for many years and have successfully represented a number of Private Placement properties. For a private consultation or additional information on the Luxury Real Estate Market in Naples, Florida, please call Tim Savage at 239.821.7576 or tim@gicpnaples.com.

7 Things You Didn't Know about Luxury in Mexico

May 28, 2015 — Connie Bezeredi, Engel & Völkers Snell Real Estate

7 Things You Didn't Know About Luxury in Mexico CONNIEMEX.COM CONNIE MEYERHOFF SNELL REAL ESTATE 

Hualalai Realty Lists and Closes a Home and Adjacent Lot for $9,050,000

May 27, 2015 — Hualalai Realty, Hualalai Realty at the Four Seasons Hualalai

Hualalai Realty listed and sold a spectacular remodeled golf course home at Hualalai Resort. The sale included an adjacent 1 acre parcel which will afford the new owners complete privacy and open space. If you were to draw a circle in the center of Hualalai Resort, this home would be in it. Situated behind the green of the 5th hole of the Nicklaus Signature golf course, this home overlooks a lake and enjoys beautiful northerly views. Access to the home is off of a private cul-de-sac and has a very private and peaceful setting. The home was extensively remodeled in 2006 utilizing the best of design, materials and craftsmanship. The finished product needs to be seen to be appreciated. Fantastic gourmet kitchen which will satisfy the pickiest of Chefs, large media room for the movie buffs and sports enthusiasts, extra-large children's room with bunk beds and trundles that will sleep 9, large master bedroom suite with an amazing outdoor shower area and a private office attached. Interior living area is 5,678 square feet and combined land area including the adjacent parcel is 1.882 acres. Amazing location within the community allows convenient use of the Four Seasons hotel amenities as well as the Members’ only Ke’olu Clubhouse and Canoe Club.

10 Amazing Ideas for Outdoor Rooms

May 27, 2015 — Brad Miller, Goodale Miller Team - Century 21 Miller Real Estate Ltd.

Planning on having an outdoor room or perhaps purchasing a home with one? Then you’ll enjoy these 10 ideas for outdoor rooms. More than just living spaces, outdoor rooms these days are a key feature for some homes. Read on and enjoy these eye candies! Treetop Canopy Room Whether you live in the rural or urban area, having an outdoor space with a high vantage point is meant to wow! Bonus points if you love the outdoors and like the romantic ambiance this outdoor room idea has!

Is Park City a Buyer’s Market or a Seller’s Market?

May 26, 2015 — Nancy Tallman, Summit Sotheby's International Realty

The above graph (reflecting condominiums & single family homes in the Park City and Jordanelle neighborhoods) was prepared by Rick Klein of Wells Fargo Private Mortgage for the Park City Board of Realtors. As you can see, inventory continues to trend downward. In general Under 5 months inventory is considered a “Seller’s Market” 5-7 months of inventory is considered a “Stable Market” Over 7 months of inventory is considered a “Buyer’s Market” Park City was a “Buyer’s Market” for over 6 years. Starting early last year, that began to change. It is important to note that Park City is comprised of several micro markets and these micro markets can and do shift rather dramatically.
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