Miami Metro Report on Luxury Condos by ISG

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MiamiReport-16-ISG-watermarked November, 2016 Craig Studnicky, ISG Group, delivered this insightful report to South FL industry experts at the Diplomat Resort. From West Palm Beach to Miami, this report includes buyer demographics, population and trends. Detailing luxury condo inventory levels of resale, new and to be built, it projects the future bottom of this soft market to be mid 2017. High pricing and excess inventory help explain why it has been a buyer’s market.

FL Ranks Fourth Among Tax Friendly States

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More than just a great place to retire, the Sunshine state is a great place to live, work and operate a business. It’s no surprise that Florida ranks fourth, just behind WY, SD & Alaska, (BRRRR frozen tundra), as the best place to do business as a result of low taxes. Its also no surprise that New York and New Jersey are last at 49 and 50. Consequently, if you want a place to operate and live, with no income tax, that’s pro-business, offers the best homestead protection, is third most populous with an educated work force), touts easy access to every where (most international flights at MIA of any U.S. airport) and has great weather, Florida is the best and only choice. Discover why so many businesses, people and retirees, each year, chose. Make your move now. Call 561-299-6249, or email Team RECA.

July Market Updates; Broward, Miami & Palm Beach Counties

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How can prices rise when (sales) transactions fall? Because the Southeast Florida market has the highest percentage of cash sales in the U.S., 60%, there is less debt and sellers don’t have to sell. Also Florida inventories remain tight among listings priced less than $1m. Buyers are optimistic and view the U.S. as favorable, 66% of Boomers say real estate market is good, 76% of Millennials are optimistic and say home ownership is central to the American Dream.

Broward County Housing Market

Miami Housing Market

Palm Beach County: 04-2016-pbc-local-market-update

July New Home Sales jump 12.4%

Real Estate Community Advisor, LLC Privacy Policy

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Real Estate Community Advisor, LLC, a licensed Florida real estate corporation, will not distribute or share any confidential information furnished to it, to any entity except to people & organizations, licensed if required, for the express purpose of providing services connected with the offering responded to and other related real estate activities.

Top 5 Spring Housing Markets

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Two housing markets, Fort Lauderdale & Palm Beach County are among the top five in the nation Spring 2016, according to Housing Wire. Both areas also reported 2015 job and income growth. 2015 appreciation: Fort Lauderdale 8%, Palm Beach Count 14.1%. Palm Beach County ranks in the top 20 nationally for high-end sales in 2015, or transactions that start at $10 million.

Residential Rental Returns by U.S. County

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Residential property inventories continue to lag behind demand, driving up monthly rental rates. Consequently residential rental returns are some of the best investments in real estate. This insightful graph by RealtyTrac  shows those returns by county. Move your mouse over the state and area where you are planning to invest and click on it to see how your county ranks and is projected to perform. A key element here is the wage growth vs. monthly rents. If you plan on buying in South East Florida, Delray – Fort Lauderdale, we can help you identify and close on the right properties. Call Dave 561-299-6249.

First Time Buyers Projected to Boost 2016 New Home Sales Near 1.5M

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Both ULI and predict a more stable 2016 housing market with lower but consistent appreciation. They predict 1.42m new homes built, below 2.2m peak in 2006, but above 2015’s 1.14m level and only slightly below demand projected at 1.5m total new units for 2016.

Return of the First Time Buyer, at about 710,000 new homes, is another trend likely to continue. Accounting for 30% of 2015 sales, this group is making both employment and income gains and should rise to be more than 50% sales in 2016. Bolstered by FHA multi-family (400k to be built) community certification changes and increased subsidies, builders will create more affordable homes, moderating price jumps that drove the hottest 2015 market jumps.

Genex & Boomers who are now able to buy again after a tumultuous time of underwater homes that resulted in record short sales and foreclosures will also be looking again for about 200k new homes to buy, after a mandatory three year wait and the need to save for down payments and closing costs.

Retirees are another growing market who will also be snapping up homes as they plan the best years of their lives. This group will likely buy .5m new homes in 2016.

These three groups will gobble up the total projected new home inventory, with no product left for resort second home and other miscellaneous buyers, who should buy 300-500k new homes, creating an inventory shortfall of 200-400k new homes. This will keep builder re-sales steady.

Top 21 Masterplanned Community 2015 New Home Sales

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Amenity development, management and promotion has its rewards. The Villages, Lake Sumter, #1, for a second year with 2,294 sales, understands destination making. They are also the only group that sell and build the entire product. The Parc Group, Jacksonville, FL developer of Nocatee, #3, with 1,105 home sales, does an excellent job of creating innovative, popular, water amenities and coordinating a wide range of national builders like Toll Bros., and Pulte. John Burns Real Real Estate Consulting, LLC, compiled this master planned community Top 21- New Home sales list download of 2015.

Is your amenity package consistent with today’s buyer? Reach out to Dave, 561-299-6249 or, to see how you stack up against your competition and drive a winning strategy in today’s changing marketplace.

Hot Springs Village Offers High Builder & Hotel Returns

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Hot Springs Village, America’s largest master planned community, (nearly 27,000 acres), has several unique opportunities for both home builders and hotel operators. Owned and managed by the debt free HSV Property Owners Association, this gated community is about an hour from Little Rock, AR. Surrounded by a National Park and only 6 miles from Hot Springs with more than 2m annual visitors, this community is poised for growth. Two commercial studies show demand for 3 on-site hotels, one four star full service and two, three star, (Hampton Inn or similar), that will enjoy 95% annual occupancy. There is only one branded hotel in the market, a Courtyard by Marriott.

More than 650, 2015 property sales, among the 12,000 owners of more than 9,000 homes are served by only one, mom & pop builder. There is also high demand for more home builders. The POA owns and controls more than 5,000 building sites, on paved roads with utilities in place. All amenities are in and operational. They include; 8 Troon & 1 Club Corp golf courses, 7 lakes, hiking & walking trails, Base camp and much more.

ROI’s above 8% are very realistic. Site subordination for models and or hotel pads are possible options. The POA is aggressively accepting LOI’s from qualified builder & hotel partners.

Call Dave for details and to submit an LOI Hot-Spring-Village-Marina561-299-6249.