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Tag Archives: 33009

Search For Your Next South Florida Home for Sale With This Brand New Tool!

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Thinking about investing in South Florida real estate in Broward or Miami-Dade County anytime soon? Finding your next dream home has never been easier thanks to some new tools I recently added on my South Florida real estate website!

With my user-friendly search tools, you’ll be able to narrow down the list of all available listings in South Florida to specific neighborhoods that interest you.

Continue reading to find out more!

South Florida Properties for Sale

Here in South Florida, there are plenty of fabulous residential communities from which to choose, each of which offer their own unique residential living experience.

Now, you can search for available listings in specific condominium communities with the help of my easy-to-use search tools.

Here are some of the pre-defined searches I’m now offering to interested South Florida home buyers:

Once you’ve done these initial searches, you’ll be able to narrow down your options even more to fit your square footage, number of bedrooms and other home-buying preferences.

Your South Florida Real Estate Expert

As your South Florida REALTOR for life, I am always looking for ways in which to make the home buying process easier for interested home buyers like you.

Specifically, I help home buyers navigating the following markets:

For additional tips and tools on how to effectively navigate the South Florida real estate market, please don’t hesitate to contact me, Scott Patterson, today!

Until next time,

Scott

 

South Florida Ranks Number 1 Nationally for International Buyers

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For months I’ve been telling you about the impressive number of investments that international home buyers – particularly Brazilians and Canadians – have been making on the South Florida real estate market.

Now there’s confirmation of just how expansive their investments have been.

The National Association of REALTORS recently identified Florida as having the highest concentration of international buyer property purchases than any other state.

Continue reading to learn more about how this distinction will have an impact on you as a home seller in Aventura, Hallandale, and surrounding areas.

Luxury Property for Sale in South Florida

Here’s an overview of the latest activity related to international home buyers:

  • International buyers have helped South Florida sell 91 percent of almost 49,000 boom-era units, according to condo Vultures
  • In 2011, 31 percent of all international sales in the country came from Florida
  • About 27 percent of international buyers identified the US real estate market as a profitable investment
  • Canadians viewed US real estate most favorably, accounting for 23 percent of all foreign buyers
  • In South Florida, 8 percent of all Florida resales were sold to Canadians

So what exactly does this mean for interested South Florida home sellers?

It means that – thanks in large part to international home buyers – the housing inventory on the South Florida real estate market is shrinking.

As that happens, remaining properties for sale on the South Florida real estate market will become even more coveted because there won’t be as many of them available.

This will, in turn, cause home prices to rise over time, meaning that your chances of getting the price you want on your luxury South Florida home will increase.

Your South Florida Real Estate Expert

If you’re ready to enter the South Florida real estate market as a home seller, then contact me, Scott Patterson.

I’ll tell you about the aggressive and comprehensive marketing plan I offer to my clients as well as provide you with a number of helpful home selling resources, such as:

Until next time,

Scott

New Luxury Home Listing in Hallandale, Florida!

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It’s not every day that a home like the one at 490 Holiday Drive comes on the market!  So when one like this is listed on the South Florida real estate market, it’s a great opportunity for every South Florida home buyer out there!

Here’s a breakdown of what makes this Hallandale home for sale so amazing:

  • Waterfront
  • 6,200 square foot new construction home
  • No previous owners
  • 2 master suites – up and downstairs
  • 5 bedrooms, 7.5 baths
  • Wet bar
  • Billiard room
  • 4 car garage

As if that wasn’t fabulous enough, this Hallandale home also features a library, a formal dining room, an up and downstairs laundry room and spacious walk in closets!

Continue reading to learn more about this incredible South Florida home and why it’s not expected to stay on the Hallandale real estate market for long.

 Hallandale Home for Sale

The house on Holiday Drive in Hallandale is currently listed for $2,997,000, which is a bargain price when you consider all that comes with this home!

Not only is the home elegantly designed with fine fixtures that command attention, but it’s also located in a South Florida community that has a reputation for excellence.

This Broward County city offers its 37,000 residents access to fine cultural amenities, excellent public schools and more – right within its borders!

For instance, Fashion Row is a famous Hallandale district on N.E. First and Second Avenues that offers residents discounts for everything from jewelry to collectibles!

And just down the road at the Community and Culture Center for the performing arts, you can enjoy a performance by the Hallandale Beach Symphonic Pops Orchestra or another famous musical act.

For those residents interested in making a day trip elsewhere, they’ll be pleased to find that Hallandale is also conveniently close to plenty of regional attractions, including the Port Everglades facility, Miami and Fort Lauderdale.

As you can see, the lucky home buyer who ultimately invests in the home on Holiday Drive will get more than their money’s worth.  A sophisticated home, a beautiful city and incredible community amenities.

 
Your South Florida Real Estate Experts

If you think that the new listing at 409 Holiday Drive may just be your dream South Florida home, then contact me, Scott Patterson, today!

As your South Florida real estate expert, I’ll be happy to answer any questions you might have about this home and even provide you with a personal tour.

Until next time,

Scott

Aventura Florida Neighborhood Spotlight on Presidential Estates

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Today I will continue my occasional series of impressive South Florida neighborhoods by telling you about the Presidential Estates community.

This high-end community features 176 incredible homes developed by Coscan Homes and the Signature Collection by Brookman-Fels.

These homes, which range from 2,600 to 6,500 square feet, were built between 1998 and 2002.

Homes in Presidential Estates feature between three to seven bedrooms and one to three-car garages. And many of them include private swimming pools!

Residences at Presidential Estates range from $1,000,000 to $3,500,000.

Continue reading to learn more about what this magnificent South Florida neighborhood has to offer to Aventura area home buyers like you!

Live in the Lap of Luxury at Presidential Estates in South Florida

No luxury feature was spared when developers built Presidential Estates in South Florida, as evident by the expansive list of amenities offered to residents:

  • Community parks and playgrounds
  • Four tennis courts
  • A tennis club
  • A community swimming pool
  • Pro Shop and Clubhouse

The community also features a 24-hour manned gatehouse for added privacy.

What’s more, Presidential Estates is an ideal place to call home for families with school-age children.

That’s because this elite Aventura neighborhood is zoned for such high-performing public schools as Benjamin Franklin Elementary and North Miami Senior High.

Buy an Aventura Home for Sale at Presidential Estates Today!

To learn more about what makes Presidential Estates such an amazing place to live – or to inquire about available listings on the Aventura real estate market – contact me, Scott Patterson.

As your South Florida real estate expert, I’ll be happy to answer any questions you may have as well as provide you with such helpful relocation resources as:

Until next time,

Scott

Positive Signs for South Florida Real Estate Market in 2012

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The year 2012 may turn out to be a better year for the South Florida real estate market than previously expected, according to panelists at a Greater Miami Chamber of Commerce meeting.

During the panel discussion on real estate and new construction, experts predicted that the South Florida housing market had finally bottomed out.

Ron Shuffield, president of our company Esslinger Wooten Maxwell Realtors, attended the meeting and participated in the discussion.

Continue reading to learn  about his predictions for 2012 and what it means for interested South Florida home sellers.

South Florida Homes for Sale

According to housing experts, low interest rates as well as depressed sales prices on the South Florida real estate have attracted a new influx of home buyers.

Given the increasing demand for homes, Ron Shuffield said that the only thing that may slow down home sales in 2012 would be a shrinking home inventory.

For instance, typically there should be a seven to nine month home inventory. But right now, there’s a six to seven month housing inventory.

Panelists credited that shrunken inventory to heavy discounting, especially for South Florida condominiums.

Here are some of the predictions that these real estate experts made for the New Year:

  • The last of the 4,700 condominium units remaining from the 49,000 built in the region in the last several years will be sold in 2012
  • Many of those 4,700 condominium units will likely be converted into rental properties.
  • Several of the proposed condominium projects in Miami-Dade County will reach fruition in 2012, adding about 4,200 units to the market.
  • European and Latin American investors will continue to fuel much of the activity on the South Florida real estate market
  • A possible increase in mortgage interest rates as well as land prices, however, may slow down the economy once more.
  • What’s more, new condos priced too high could also stall real estate activity.

South Florida Properties

The outlook on the South Florida real estate market definitely seems to be improving each year, suggesting that the market is starting to swing back toward a neutral market rather than a buyer’s market.

This should be welcome news for South Florida home sellers trying to get a good deal on their home.

From my expert advice to my many home selling resources, I’ll make navigating the South Florida real estate market a breeze for you.

Until next time,

Scott

A Look Back at South Florida Real Estate Activity in 2011

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The year 2011 was marked by increasing sales volumes, international home buyers using cash only and depressed home prices, according to a recent report from the Miami Association of Realtors.

Continue reading to learn more about how the South Florida real estate market fared at the end of 2011 – and what local real estate experts are predicting for 2012.

Florida Homes for Sale in the Aventura, Hallandale and Golden Beach Areas

Here’s an overview of some of the trends that South Florida REALTORS saw on the local housing market in 2011:

  • International home buyers spent about $3.5 billion in cash on distressed South Florida real estate
  • Although home sales increased and the total housing inventory decreased in South Florida, home prices remained relatively stagnant.
  • The South Florida rental market saw growth as former home owners became renters.
  • The home inventory in South Florida dropped to 28,000, or by about 40 percent.
  • Meanwhile, the shadow inventory of foreclosed homes that are not listed for sale yet increased to more than 200,000.
  • South Florida existing home sales increased at a slower rate than earlier in the year, although median home prices began to increase.
  • In Miami-Dade County, there were 1,064 condo sales in November, up 2 percent from November 2010.
  • Meanwhile, single family home sales increased by 11 percent year-over-year, to 755.
  • In Broward County, there were 1,089 condo sales in November, down 1 percent from November 2010.
  • Meanwhile, single-family home sales increased by 22 percent year-over-year, to 961.

Analysts are cautiously optimistic about what 2012 will bring for the South Florida real estate market.

While some believe that there isn’t likely to be any real market rebounds until 2013, others believe housing market activity will improve considerably in 2012.

Here are three predictions that the Miami Association of Realtors made for the new year:

  • Home prices will remain low. Experts believe that the high number of distressed properties on the market will keep home values depressed. As an illustration, more than half of all South Florida home sales in November involved a foreclosure or short sale. In a normal market, those types of properties would have made up less than 5 percent of sales.
  • There will be an increase in foreclosed properties on the South Florida real estate market. In 2011, there was a slowdown in foreclosed properties entering the market as banks dealt with a backlog of court repossession paperwork. But experts predict that slowdown will end in 2012, possibly dragging down home values further.
  • More people invest in the rental market, fueling South Florida home sales. While it may seem counter intuitive, an increasing number of South Florida investors are buying homes to turn them into rental properties because of the high demand for rental properties in the area. This in turn is helping create activity on the local real estate market.

Your South Florida Real Estate Expert

While we may not be out of the woods yet, there are plenty of signs to suggest that the sluggish South Florida real estate market is beginning to improve.

The year 2012 may become a turning point on the South Florida real estate market.

For expert advice on the best way to navigate the local housing market as a home buyer or a home seller, make sure to contact me, Scott Patterson.

As your South Florida real estate expert, I have extensive experience working in such local housing markets as:

Until next time,

Scott

South Florida Real Estate Summer 2011 Market Update

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The median sales price for South Florida homes has steadily increased since the start of the year , according to Ron Shuffield, president of our company, Esslinger-Wooten-Maxwell, Inc. Realtors

Here’s some of the recent news that Ron shared with us about the South Florida real estate market:

  • Between January and May of this year, the median sales price in Miami-Dade County rose from $150,000 to $180,000.
  • Between January and May of this year, the median sales price in Broward County rose from $165,000 to $190,000
  • 61 percent of our company’s sales are for either a short sale or a foreclosure.  However, that is down from 67 percent just four months ago.

Ron said he is “cautiously optimistic” about the most recent trends on the South Florida real estate market.

As the inventory of South Florida homes for sale continues to dwindle, prices are expected to increase, he said.

Learn more about the current state of the South Florida real estate market by watching the below video from our company’s president.

Navigating the South Florida Real Estate Market

 

If you’re interested in entering the South Florida real estate market as a home buyer or home seller, contact me, Scott Patterson, your South Florida real estate expert, today.

Whether you’re an interested South Florida home buyer or a South Florida home seller, I’ll be happy to answer any questions you might have as well as provide you with a number of helpful South Florida real estate resources to help make navigating the market easier.

Until next time,

Scott

Foreclosure Numbers Down on the South Florida Real Estate Market

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Over the last couple of years, South Florida has gained a reputation for its many foreclosed homes.  But recent data suggests that that reputation is becoming increasingly inaccurate.

Foreclosures in South Florida dropped by more than 50 percent during the first quarter of 2011 when compared with that same period in 2010.

The greatest drop in foreclosures was seen in Broward County.

Statewide, foreclosures rates dropped by 32 percent year-over-year in the first quarter.

South Florida Real Estate

There have been steep and steady decreases in  foreclosure filings in South Florida since last fall, suggesting that the real estate market is recovering.

Here’s an overview of each of the three South Florida Counties:

  • In Broward County, foreclosures in the first quarter of 2011 dropped by 68 percent year-over-year, to 6,876 foreclosures.
  • In Miami-Dade County, foreclosures in the first quarter of 2011 dropped by 64 percent year-over-year, to 7,257 foreclosures.
  • In Palm Beach County, foreclosures in the first quarter of 2011 dropped by 57 percent year-over-year, to 4,734 foreclosures.

Investing in South Florida Real Estate

While it’s true that foreclosures are not viewed as a positive thing by interested South Florida home sellers, they can be a great opportunity for South Florida home buyers.

After all, South Florida foreclosures drive down home prices, which creates a South Florida home buyer’s market.

There truly are some great deals to be found on the South Florida real estate market right now.

But as foreclosures continue to decrease, home prices are expected to begin to rise again as we are already seeing in the market today.  Especially in many waterfront communities.

Thus, if you’re thinking about entering the South Florida real estate market as a South Florida home buyer, now is a great time to do so!

Contact me, Scott Patterson, today and I’ll let you know about available listings in the area as well as answer any questions you might have.

I’ll also provide you with a number of helpful South Florida home buying resources, including:

Until next time,

Scott

South Florida Real Estate Market Praised by National Government

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The Federal Reserve recently recognized the South Florida real estate market for its home resale market, according to a recent article in the Miami Herald.

The recognition was part of a larger report completed by the Federal Reserve in which they said the economy is expanding fairly steadily in most of the country, although some regions are showing negative growth.

Continue reading to learn more about the Federal Reserve’s predictions for the national economy as well as how South Florida home owners will be affected.

South Florida Real Estate Market Update

Although much of the South has demonstrated slowed growth, Florida actually stood out for its home resale market.

The report noted that Florida home sales are doing remarkably well and keeping at a pace that’s enviable. Real Estate market’s are very area specific and development specific, 31% of Florida sales are cash transactions but South Florida has a far higher percentage of cash transactions due to the higher number of International Buyers.

The report also found that leading economists predict that the national economy will expand at about 2.7 percent a year.

Although a complete economic recovery likely is still a ways away, it’s nice to know that the South Florida real estate market is standing out to the national government as an industry that is doing better than most.
This is definitely good news for South Florida home sellers as it shows them that there is movement on the South Florida real estate market and there are interested South Florida home buyers.

Selling Your South Florida Home

Have you been thinking about entering the South Florida real estate market as a South Florida home seller?

As a South Florida real estate expert, I will put together an aggressive marketing plan to ensure that we sell your home at the best price possible in as little time as possible.

To learn more about how I help South Florida home sellers, check out some of my FREE South Florida home selling resources, including:

Until next time,

Scott

South Florida Real Estate Market Update for July

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The MIAMI Association of REALTORS recently released some data that describe the current state of the South Florida real estate market.

One of the group’s biggest conclusions was that Broward housing inventory has fallen below a six month supply. Keep in mind this is averaged out for all price ranges, however when it’s broken up in different price range categories from like $1-2 Million, or $2-3 Million and up the picture is much different as there are more month’s supply, in other words the the higher the price range, the more inventory there currently is.

For example today in Broward County we have approximately 83 months supply of single family homes over 3 million dollars and less than 4 months supply for single family homes less than 300,000.

The group found that inventory of residential listings in Broward County fell by 27 percent – or from 20,143 in May 2010 to 12,742.

Comparatively, total housing inventory nationally only fell by 1 percent.

This is great news for interested South Florida home sellers.  After all, as there become fewer homes there are on the South Florida real estate market, demand for South Florida homes will inevitably rise.

When demand for South Florida homes rises, South Florida home sellers will have more bargaining room when it comes to selling their South Florida home.

More Information on the Current State of the South Florida Real Estate Market

Here’s some additional data that the MIAMI Association of REALTORS recently released:

  • Condominium sales in Broward County increased from 1,348 in May 2010 to 1,537 in May 2011.  That’s a 14 percent increase year-over-year.
  • Single-family home sales increased by 6 percent – or from 1,078 in May 2010 to 1,142 in May 2011.
  • Cash transactions made up 60 percent of all closed residential sales in May
  • Statewide, condo sales increased by 17 percent while single-family home sales increased by 3 percent.
  • Meanwhile, national homes sales decreased by 15.3 percent during that same period.
  • The average sales price of condominiums on the South Florida real estate market increased by 3.7  percent from May 2010 and May 2011.
  • The average sales price for single-family homes on the South Florida real estate market decreased by 2.3 percent from May 2010 and May 2011.
  • Statewide, the median sales price for condos increased by 2 percent from May 2010 and May 2011.
  • Statewide, the median sales price for single-family homes decreased by 5 percent from May 2010 and May 2011.

Entering the South Florida Real Estate Market as a Home Seller

If you’ve been considering selling your South Florida home, now is a great time to do so!

As the inventory of South Florida homes for sale continues to decrease, South Florida home sellers will have more of a say when it comes to setting a sales price.

As a South Florida real estate expert, I’ll be happy to walk you through what I can do for you as a South Florida home seller.

This includes answering any questions you might have, developing an aggressive South Florida marketing plan for your home, and providing you with such South Florida home selling resources as:

Until next time,

Scott