Proof – The Florida Real Estate Market is Doing Much Better

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Local Florida Builder Posts Quarterly Results – Proving the Florida Real Estate Market is Doing Much Better.

What that means to you – When the “Big-Boys” do better, they re-invest a large portion of the proceeds back into land and lots. It’s no secret they make most of their money on the increase in land values. They build homes on the lots, creating demand, which in turn increases the value of the lots they build on and the surrounding area.

Like the saying goes, ” A rising tide lifts all boats”

Read the report below about Beazer Homes.

Beazer Homes Reports First Quarter Fiscal 2012 Results

ATLANTA, Feb 02, 2012 (BUSINESS WIRE) — Beazer Homes USA, Inc. BZH +0.62% ( www.beazer.com ) today announced its financial results for the quarter ended December 31, 2011.

“I am pleased with our results for the quarter,” said Allan Merrill, President and Chief Executive Officer of Beazer Homes. “In spite of still challenging market conditions, our team managed to generate a 36% improvement in year-over-year new home orders while reducing overhead costs in dollar and percentage terms. While we have a lot of work in front of us to return to sustainable profitability, we are committed to delivering higher orders and closings as well as positive EBITDA for the full fiscal year.”

Summary results of the quarter are as follows:

As of December 31, 2011

– Total cash and cash equivalents: $550 million, including unrestricted cash of approximately $273 million

– Stockholders’ equity: $200 million, not including $57.5 million of mandatory convertible subordinated notes, which automatically convert to common stock at maturity in 2013

– Total backlog from continuing operations: 1,307 homes with a sales value of $315.8 million, compared to 787 homes with a sales value of $198.0 million as of December 31, 2010

– Land and lots controlled: 25,998 lots (84% owned), a decrease of 3% from December 31, 2010

Quarter Ended December 31, 2011 — Results from Continuing Operations (unless otherwise specified)

– Total new orders: 724 homes, a 36% increase from fiscal 2011 — Cancellation rates: 35.1%, compared with 31.4% in fiscal 2011

– Total home closings: 867 homes, a 67% increase from fiscal 2011

– Revenue: $188.5 million, compared to $109.0 million in fiscal 2011 — Average sales price from closings: $215,500, compared with $209,300 in fiscal 2011

Read More: http://www.marketwatch.com/story/beazer-homes-reports-first-quarter-fiscal-2012-results-2012-02-02

 

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Florida Real Estate Market Increases While It Dropped In Most U.S. Cities

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Florida Real Estate Market Increases While It Dropped In Most U.S. Cities

Home Prices Increase in Florida and dropped in most U.S. cities

First to fall and first to go back up!

Florida real estate prices plummeted and fill off the cliff back in 2007 to 2010.

“All Real Estate Is Local In Nature” and the local SW Florida Real Estate Market is on the upswing –

Below is a recent report from Standard & Poor/Case-Shiller – While their information may be accurate in the rest of the country –they are completely missing the mark on South West Florida.

 

WASHINGTON (AP) – Jan. 31, 2012 – U.S. home prices fell for a third straight month in nearly all cities tracked by a major index. The declines show that most homeowners are not reaping the benefits from some signs of an improving housing market.

Prices dropped in November from October in 19 of the 20 cities tracked, according to the Standard & Poor’s/Case-Shiller home-price index released Tuesday.

The biggest declines were in Atlanta, Chicago and Detroit.
The decline partly reflects the typical fall slowdown after the peak buying season.

Still, prices declined in 18 of the 20 cities in November compared to the same month in 2010. Only Washington and Detroit posted year-over-year increases. And prices have fallen 33 percent nationwide since the housing bust, to 2003 levels.

The Case-Shiller index covers half of all U.S. homes. It measures prices compared with those in January 2000 and creates a three-month moving average. The November data are the latest available.

Home values remain depressed despite some hopeful signs at the end of last year.

Sales of previously occupied homes rose in the last three months. Homebuilders are more optimistic after seeing more people express interest in buying this year. And home construction picked up in the final quarter of last year, which helped housing contribute to broader economic growth.

Home prices tend to follow sales, which are still below healthy levels. And a large number of vacant homes are sitting idle on the market, which means prices will likely stay unchanged for several years, said Paul Dales, senior U.S. economist at Capital Economics.

“The most likely scenario in the U.S. is that in 2012 prices will bob around a bit, with one month’s gain being reversed the next month,” Dales said. “But in general, over the next couple of years, house prices will do nothing more than remain broadly stable.” Dales said prices might not rise consistently until 2015.

Prices are especially low in Cleveland, Detroit, Las Vegas, Phoenix and Tampa, which reached their lowest points since the housing bust more than four years ago.

Washington, New York, Los Angeles and San Diego have suffered the smallest declines.

Economists say home prices are likely to begin rising first in hard-hit cities in Arizona, California, Florida and Nevada.

Conditions are also improving for those in a position to buy a home. Job growth is up, prices are down, mortgage rates are at record lows and rental prices have risen sharply since the housing bust.

Still, many people can’t afford to buy or are unable to qualify for a mortgage. Some people in a position to buy are holding off, worried that prices could fall even further.

A full housing recovery could take years, economists say.


I say Balderdash – on the taking years for a full housing recovery in Sunny South West Florida. Our Florida Real Estate Market has turned the corner –

  • there are more real estate sales happening right now than there have been in the past few years –
  • There are more people vacationing this year than there has been
  • There are more people looking at and planning on investing in Florida Real estate right now.
  • Prices are going up!

To prove it to you, on February 12, 2102 I will be posting some of the most “Up-To-Date” Florida real estate market information for the SW Florida real estate market.

Information like what I will be revealing you simply cannot get anywhere else.

Stay tuned – the information will knock your socks off.

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Now is a FABUOLUS Time To Invest in Florda Land

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Now Is A Fabulous Time To Invest In Florida Land

Florida Real Estate Prices have gone as far as they can go down.

They cannot go any lower in Florida because the counties are beginning to take them back for lack of tax payment.

 

These TV commentators have a point for the rest of the country, but are Clueless when it comes to Florida.

The “Baby-Boomers” are retiring and moving to Florida – a movement that CANNOT be stopped.

 

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More Truths Revealed About Fixer-Upper Homes

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Why You Should Seriously Consider Buying a Lot and Building A Home Instead of Buying an Existing One.

The following article written by Chris Griffith of Downing-Frye Realty in Bonita Springs brings to light more truths about buying used homes, bank REO’s and Foreclosures.

She does an excellent job of explaining the “TLC” process and what it means.

http://www.naplesnews.com/news/2011/apr/27/chris-griffith-needs-little-tlc-matter-opinion/

Chris Griffith is a real estate agent at Downing-Frye Realty Inc. in Bonita Springs.

Just exactly how much “tender loving care” does a property that needs TLC really require?

Well, isn’t that a question just chock-full of possibilities? The definition of fixer-upper and “needs TLC” really is in the eye of the beholder. Any one person’s opinion of what is a fixer-upper is no different than another person’s opinion of what a nice location is. It’s all relative.

Since the Southwest Florida real estate market has been working its way through the foreclosures, the fixer-uppers and properties which “need TLC” have been around for a while. Bargain hunters have been picking up the value priced, entry-level properties and the supply has diminished considerably. What’s left bouncing around at the bottom are some of the TLC properties.

Buyers know there are deals out there and they usually say they’re willing to do some work on the properties which need TLC. In their mind, quite often, they’re thinking paint and new carpet, which should probably be what “needs TLC” should actually mean. In reality it’s a gray area and describing some conditions as “needing TLC” is really taking liberties.

The reality is that the TLC term could also mean that the home was used as a huge litter box by the prior occupants before it became the giant Petri dish that it now is. The air conditioner may or may not be on … or may or may not have been pedaled on Craigslist.

Just an FYI, its degree of TLC-ness may also render it ineligible for some financing programs.

Ever the dutiful little agent, the last Petri dish I showed (upon the buyer’s insistence) was everything I imagined it would be and so much more. The pictures really weren’t that bad. What the pictures can’t show are odors and the circumstances, both real and imagined, which caused said odors.

So for the savvy international buyers who wanted so badly to go home and show all of their friends the lovely Florida foreclosure feather in their cap, the reality of this home’s condition set in.

The buyers tried to keep their composure and act like they were expecting this and had encountered shock at this level 1,000 times before. They walked the entire structure and when they exited there was silence until I said, “Circle, circle, dot, dot you need a cootie shot.”

It was immediately announced that it was no longer necessary to see properties requiring TLC if TLC is a Gary Busey-ism for “totally layered in crap.”

There was actually a house in better condition and newer in the same price range several miles away, so off we went and that’s where they purchased. No cootie shots require.

There are no guidelines, local, state or federal, for what “needs TLC” means. Consumers are at the mercy of what another human being puts in the remarks section of the multiple-list, based on the contributor’s opinion or their own life experiences.

While it would probably be helpful, there is no rating system on a scale of one to 10, to qualify the condition of a fixer-up slash TLC property.

So go forth and get your bargain foreclosure and remember that if it only needed new carpet and paint, the remarks would probably read, “needs new carpet and paint” not “needs TLC.”

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Northport Real Estate Investors Luncheon

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Northport Real Estate Investors Luncheon had about 20 people in attendance. Northport Real Estate 300x224 Northport Real Estate Investors Luncheon

The discussion was Northport Real Estate information and happenings.

The real estate informatoin shared was very upbeat and informative. Thank you Russ Smith of Exceptional properties for hosting the meeting! Here are a few of the highlights discussed about Northport Real Estate

Willis Miller, aka www.MrLandMan.com announced he has sold all of his lot inventory. Everyone in the room who knows Willis was rather stunned because he has been dealing in Northport Real Estate, primarily Northport Lots for years and has ALWAYS had Northport Lot inventory. The average price he got of the lots was $3,500 each. This is fantastic news bcause Northport Lots have been selling for less than $3,000 for a long time.

Building costs and Impact fees were brought up as well. The price for building permits and impact fees are in the $3,200 range. Way, Way less than it has been in the past.

Another interesting tidbit of information about Northport was shared by a retired Northport city official who was there. He made a point to the group that Nothport has made a commitment to become one of the most business friendly municipalities in the area.

It is working – Driving on Tamiami Trail to the meeting was an eye-opening experience. New commercial shopping centers are springing up all over the place!!

Builders in the SW Florida area have been busy as heck.

  • DR Horton has pretty much built out all for the existing permits they have been sitting on over the years, and they have STACKS of plans in the building department.
  • Lennar Homes just pulled 20 new building permits from the county.

Greg Vine, a wildly successful and local Real Estate Broker www.sunacre.com shared with

Northport Real Estate Meeting 300x224 Northport Real Estate Investors Luncheon

Greg Sharing his obesrvations with the group

the group that all of his rental properties are full, his rents are increasing and 3 of his newest Residents came to Northport to work in the medical field. He is THRILLED with the upturn in the Northport Real Estate business and is looking forward to an ever increasing real estate market.

Wrapping up the meeting, Russ (http://www.vlshomes.com) shared some local Northport Real Estate Statistical Information for single family homes:

As if January 25, 2012

  • 426 Homes listed for Sale
  • 28 of them Bank Owned
  • 91 of them Short Sales
  • Leaving 307 regular, non-distressed homes for sale.

The Northport Real Estate Absorbtion rate has been averaging 100 homes per month.

This means there is only a 3 month inventory of homes available for purchase in Northport!

Under normal circumstances, a balanced market is 4 months. It looks like Northport Real Estate Market has entered into a Sellers Market.

I want to thank Russ for hosing a great meeting -

 

 

 

 

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Port Charlotte Lots Are Being Gobbled Up!

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Port Charlotte Lots Are Being

“Gobbled-Up” !

Port Charlotte Lot Sales for the past 30 days in Zip Code 33981 (South Gulf Cove and Englewood Area)

  • 550 Lots listed on MLS. 497 are still active, meaning 53 Port Charlotte Lots (10% of them) sold at prices between $3,000 and $5,500.
  • Research indicates just about all of the Port Charlotte Lots that sold below $4,500 were Tax Deed Lots –

The poor unsuspecting buyers of the Tax Deed Lots will be in for a rude awakening when they find out they will need to cough up another $3,000 to $5,000 and 4 years waiting time in order to make the lots good enough to get “Title Insurance” on them.

The Good News for Port Charlotte Land and Lots:

Buyers are back in the marketplace, and that only means ONE THING ….. Lot Prices Are Beginning To Increase.

Let me remind you ALL the lots we deal in have Have Good Marketable Titles –

  • ALL Have General Warranty
  • All Have Title Insurance!
  • MANY Are Priced BELOW $5,500.

Check them out – Invest in a Port Charlotte Lot Today – before prices increase.


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Tourists Flock to Florida Buy Port Charlotte Land Now!

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Tourist Flock to Florida in Second Quarter …. The time to buy Port Charlotte Land is Now

Florida is on the rebound! -Port Charlotte Land is Selling Tourists are coming back, builders are beginning to build, homes are selling, jobs are growing, etc.
If there was ever a better time to invest in real estate, I never heard about it – ALL and I mean ALL the indicators point in an upward direction -
Port Charlotte Land is the place to invest in right now.

Here is part of an article published today in the Herald Tribune:

Tourism surged throughout the state and in Southwest Florida this spring, the result of pent-up demand, a slightly improved economy and cycling over a period a year ago when oil was still gushing into the Gulf of Mexico.
Statewide, the number of visitors rose 7 percent from April through June from a year ago, according to preliminary estimates from Visit Florida, the state’s tourism agency.
In this region, total visitor traffic was up in both Sarasota and Manatee counties, rising 7.3 percent and 6.4 percent, respectively.
“We had a great April this year and our June numbers were up 11 percent from a year ago,” said Virginia Haley, president of the Sarasota Convention and Visitors Bureau.
Read More here:

We have a rotating inventory of Great Investment Lots available at very reasonable prices.

All of your lots come with General Warranty Deeds and Title Insurance.

Click here to view our Current Inventory

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One More Reason To Buy a Lot and Build –

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One more reason why investing in land is a lot safer than investing in existing homes, Bank Foreclosures and REO’s.

Foreclosure Rip-Offs Revealed!

Chinese Drywall Complaint Center Urges Florida Toxic Chinese Drywall Homeowners to Use Their Inspection Service for Possible Mortgage Help

The Chinese Drywall Complaint Center has launched a toxic Chinese drywall inspection service, that is designed to hopefully assist existing homeowners obtain a meaningful loan modification, or mortgage forbearance agreement, if they are stuck in a Florida toxic Chinese drywall home, or condominium. They say, “No group, or organization has tried harder than us, when it comes to demanding a robust federal response to the toxic Chinese drywall disaster in Florida, or the US Southeast. Given the lack of any federal, or state response, we have designed an inspection service to help all existing Florida homeowners living in a toxic Chinese drywall nightmare, in the hopes it will help them obtain a significant loan modification, or forbearance agreement.” They say, “Our Inspection service report gets very specific about new valuations, based on what we think the toxic Chinese drywall remediation costs will be, if toxic Chinese Drywall is discovered. There is no service like this anywhere in Florida, or in the US Southeast.” For more information Florida homeowners, who are stuck in a toxic Chinese drywall home, or condominium can call the Chinese Drywall Complaint Center at 866-714-6466, or they can contact the group via their web site at http://ChineseDrywallComplaintCenter.Com

gI 69257 americas%20watchdog One More Reason To Buy a Lot and Build
release topquote One More Reason To Buy a Lot and Build we have designed an inspection service to help all existing Florida homeowners living in a toxic Chinese drywall nightmare, in the hopes it will help them obtain a significant loan modification, or forbearance agreement.release bottomquote One More Reason To Buy a Lot and Build

(PRWEB) April 28, 2011

The Chinese Drywall Complaint Center is attempting to assist all existing Florida homeowners stuck in a toxic Chinese drywall home obtain some meaningful help from their bank, or loan servicing company, with it’s toxic Chinese drywall inspection report. In the instance of existing Florida homeowners, this report is designed to carefully document the existence of toxic Chinese drywall in a home, or condominium, and then provide the homeowner with a second report related to remediation costs, and associated costs. This, all in the hope the homeowner can receive a dramatic loan modification, or forbearance agreement from their bank, or loan servicing company. The group says, “At this point it appears President Obama, and the US Congress are no shows, on the toxic Chinese drywall disaster, in Florida, and all other Gulf States. We think our toxic Chinese drywall inspection service will be of great help to Florida homeowners stuck in toxic Chinese drywall hell. At this moment we think our inspection service is the best hope for Florida homeowners, who are stuck with toxic Chinese drywall to get any meaningful help, or assistance from their bank, or loan servicing company.” For more information interested Florida homeowners can contact the Chinese Drywall Complaint Center at 866-714-6466, or they can contact the group via their web site at http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center is warning all home buyers to not purchase any Florida home, or condominium without a thorough inspection for toxic Chinese drywall. The group says, “While toxic Chinese drywall may have been used in new homes in Florida from 2000, until late 2008, we are very concerned about home remodeling, and or more importantly storm, or hurricane damaged homes in Florida. Translation-everything is on the table, and every home, or condominium needs to be inspected for toxic Chinese drywall in Florida.” They say, “For home buyers from out of state, you need to ask your real estate agent if they are aware of toxic Chinese drywall. In the event they say-no never heard of toxic Chinese drywall-find a new real estate agent. If a Florida home foreclosure has toxic Chinese drywall, our simplified report is designed to save the purchaser tens of thousands, or hundreds of thousands of dollars. Our basic inspection comes with a toxic Chinese drywall remediation cost built into our valuation formula.” http://ChineseDrywallComplaintCenter.Com

Important Note: The Chinese Drywall Complaint Center says,”On the topic of toxic Chinese drywall remediation contractors in Florida we have endorsed JJ Staten Homes. We believe their remediation protocol is the most sensible in Florida, for toxic Chinese drywall homes. Their protocol includes chemically treating the interior of the home, and then chamber testing the wood, and concrete block to make certain the hydrogen sulfide is gone. Anyone not doing this would be insane.” They say, “We appreciate everyone’s desire to go cheap on a toxic Chinese drywall repair. However, if its not done right the first time, you will have to repeat the process over, and over again. We say do it right the first time.” For more information about JJ Staten Homes please call them at 800-481-1961, or contact them via their web site at http://www.jjstatenhomes.com/.

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Charlotte County Real Estate Poised for a Comeback!

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Charlotte County Real Estate Poised for a Comeback!

Now is the time to invest in vacant land in Charlotte County.

Home prices not as bad as some predicted

Staff Report

http://www.heraldtribune.com/article/20110510/ARCHIVES/105101033/-1/TODAYSPAPER?p=1&tc=pg

Published: Tuesday, May 10, 2011 at 1:00 a.m.

Home prices in the United States posted their largest decline during the first three months of this year than any time since 2008, according to Zillow Inc., the Seattle-based real estate data provider.

 

The Sarasota-Bradenton metropolitan area bucked that trend, however, with communities collectively showing a flat performance when compared with the fourth quarter and rising 0.1 percent in March when compared with the previous month, Zillow’s report showed.

Stand-outs for appreciation in the quarterly comparison were the city of Anna Maria, up 1.6 percent; Ellenton, up 1.3 percent; the Fruitville area of Sarasota County, up 1.2 percent; North Port, up 2.2 percent; Parrish, up 1.2 percent; and the Whitfield area of Manatee County, up 4.4 percent.

The largest declines, according to Zillow’s metrics, were DeSoto Lakes, with a drop of 1.2 percent; Myakka City, down 4.3 percent; north Sarasota, down 1.6 percent; Sarasota, down 6 percent; and Southgate, down 2.8 percent.

The overall metro area price for the metropolitan area was $139,600.

Charlotte County posted a 0.3 percent decline from the fourth quarter of 2010 while the month-over-month comparison showed a 1.3 percent drop to an overall price of $112,200.

Punta Gorda and Rotonda West posted quarterly increases of 0.5 percent and 0.8 percent, respectively, while Port Charlotte declined 1.7 percent.

Nearby Fort Myers — hit hard by the housing downturn and foreclosure crisis — was one of the few places nationally to post an increase in home values, Zillow’s report showed.

Values in Fort Myers rose 2.4 percent.

Click Here to Read The Rest of The Article

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