amanda j wilson: June 2013 Real Estate Market Update - 06/14/13 02:35 AM
 
June 2013 Real Estate Market Update  
According to a new report from CondoVultures.com, the downtown Fort Lauderdale and Beach condo market could soon be faced with a shortage of units and increasing prices.  Despite a 29% increase in the average resale price of a unit in the first quarter of 2013, the downtown condo market now has less than 6 months of unit inventory available for resale.
The prospect of continued rising prices is possible given the current climate of strengthening rental rates, dwindling inventory and the number of newly-proposed condo towers.  Of the newly proposed South Florida condos, … (0 comments)

amanda j wilson: Broward County Real Estate Market Update - 07/16/12 04:33 AM
Amanda Wilson, PA--Real Estate Advisor
EWM Realtors--An Affiliate of Berkshire Hathaway 1700 E. Las Olas Blvd., Fort Lauderdale, FL  33301 Mobile:  954.790.0377  Email:  Wilson.A@EWM.com www.amandajwilson.com    Join my Facebook page:  www.Facebook.com/AWRealtor   "Charting Your Course"   … (3 comments)

amanda j wilson: South Florida Market Update--Flashes of Good News! - 06/15/12 05:50 AM
 
Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The 7.3 percent gain was the biggest jump in more than 60 years, according to an analysis by Bloomberg of Federal Reserve data.  
As of April 2012, 1.5 million homes are in shadow inventory, which is a 14.8 percent decrease from last year in April when the number of homes hiding in the shadows was 1.8 million, CoreLogic reported Thursday. The current level … (1 comments)

amanda j wilson: Market Update for Broward County--THE NUMBERS - 05/14/12 03:29 AM
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amanda j wilson: Good Real Estate News from South Florida - 02/25/12 01:36 AM
I’d I would like to share with you some good news, as follows:
 
·         The median sales price of both condominiums and single-family homes in Broward County rose 7% in January compared to the same period in 2011, according to data from the Miami Association of Realtors. Single-family home sales in the county jumped 15%.
·         States like Florida, which was battered by the housing bust and foreclosure crisis, noted significant drops in for-sale inventory levels. Three Florida metropolitan areas — Fort Lauderdale, Orlando and Tampa-St. Petersburg-Clearwater — saw for-sale inventory levels drop more than 42% in January. (HousingWire)
·         … (0 comments)

amanda j wilson: The WaterGarden Condo in Fort Lauderdale, FL, with Market Update - 02/23/12 03:41 AM
The WaterGarden is a majestic 32 story luxury condo tower with one of the best addresses in Fort Lauderdale.  Just off Las Olas Boulevard, with its well-known upscale dining, boutiques, shoppes and entertainment and on the riverfront, the downtown location of the WaterGarden is prime.  Built in 2004 with 315 private residences, the WaterGarden boasts of first-class amenities.
 
Amenities include:
Distinctive entrance with unique sculpture and fountains. Elegantly appointed and furnished two-story entry lobby and front desk. Regal clubroom with piano bar with library. Media Room with large viewing screen & chairs. Business Center with Boardroom. Sports lounge with billiards … (0 comments)

amanda j wilson: NOT IN MAIMI! - 02/15/12 07:48 AM
 
NOT IN MIAMI
(Includes Broward, Miami-Dade and Palm Beach Counties)
 
Realtors at EWM in South Florida had the pleasure of attending a Breakthough 2012 session with Steve Harney.  Steve is a nationally acclaimed speaker, trainer and coach, who was recognized in 2010 as one of the 100 most influential leaders in real estate (Inman News). 
 
Steve’s mantra was “NOT IN MAIMI” (which area includes Broward, Miami-Dade and Palm Beach countries). Will prices go down in many parts of the country?  The answer is yes, but NOT IN MAIMI.  With his many charts and graphs, Steve explained and … (0 comments)

amanda j wilson: Clear Capital Housing Report--Optimism - 01/09/12 07:15 AM
To  Today, Clear Capital (a leading provider of intelligent valuation solutions for the mortgage and lending industries) released its monthly Home Date Index Market Report, which contains a small degree of pure optimism.
      In 2012, Clear Capital is forecasting U.S. home prices to show continued stabilization with a slight gain of 0.2 percent across all markets. That would put national home prices near levels not seen since 2001.  If this prediction rings true, it would be the first time since 2006 that prices have landed in a positive direction.

      Counting Broward and Miami Dade counties as one metro … (0 comments)

amanda j wilson: Another Fine Example of Government Intervention.... - 01/05/12 02:42 AM
The newest and latest idea from Chairman Bernanke:
"The government should consider helping the nation's vacant, unsold stock of foreclosed properties by supporting initiatives to occupy. Federal Reserve Chairman Ben Bernanke believes that one aspect should be a government support program that allows renters to move into those houses." (Morning Edition--Housing Wire 1/5/12)
The problem with this idea is most of the foreclosure properties ARE unihabitable--in some instances, the banks don't even want to deal with these properties.  The best idea and preventative measure may have been keeping families IN their homes through loan modification programs that really work and/or reductions … (0 comments)

amanda j wilson: Fort Lauderdale Market Report - 10/08/11 07:35 AM
Please see recent "Fort Lauderdale" Facts and Trends Chart below--these graphs and numbers represent ALL properties on the market in Fort Lauderdale. 
NOTE:  Currently in Fort Lauderdale, there are 2510 properties on the market (1,107 single-family homes and 1,403 condos ) OR 6.6 months supply of inventory.  A 6-9 months supply of inventory of homes is considered 'normal.'  Bottom Line:  There's NOT a lot of inventory on the market. 
The interesting aspect of our real estate market is the properties $300,000 and UNDER--These properties comprise about 73% of all sales and 55% of all inventory.  On the market today:   Condos $300,000 and … (1 comments)

amanda j wilson: Putting Your Home Back on the Market? Points to Consider.... - 09/27/11 07:57 AM
You may be considering placing your property back on the market. If and when you do, here are a few recommendations you may wish to consider:
 (1)   Make sure that you are hiring a true professional. Some real estate agents will tell you anything you want to hear to get your listing  and then,   stick a sign in the ground;
 (2)   ASK for a copy of the MLS listing and BE SURE to review and approve the MLS listing detail of your property BEFORE  it goes on the market   and before it becomes part of any website.  This information IS the … (1 comments)

amanda j wilson: Real Estate News for Broward County--Fort Lauderdale, FL - 08/28/11 04:28 AM
There is plenty of Good News—Irene wasn’t a HIT in South Florida!
 
As far as the real estate market goes, we have to find the good news—
Currently, in Fort Lauderdale, there are 959 Single-Family homes for sale; of which, 209 are Short Sales and 48 are Foreclosures.  There are 1,220 Condos for sale; of which 129 are Short Sales and 39 are Foreclosures.  In Fort Lauderdale, these numbers represent a 7.3 months supply of homes (up from a 5.9 months supply of homes in June, 2011).  In Broward County, there is a 6 months supply of inventory (up … (1 comments)