Let's Talk...
Hot off the Press!!!
FOR IMMEDIATE RELEASE
MILLION DOLLAR SALES UP 100 PERCENT
Report Shows Increase in Condo Pending Sales
NAPLES, Fla.-April 16, 2010- There are no signs of a seasonal slowdown in the Naples area, as home sales
surged in the first quarter of 2010 according to a report released by the Naples Area Board of REALTORS® (NABOR),
which tracks home listings and sales within Collier County (excluding Marco Island).
In the 1 million to 2 million-price segment, the number of pending sales doubled with 146 contracts in the first quarter of 2010
compared to 73 contracts in the same quarter a year ago. The average days a property was on the market decreased 10 percent
in this price segment in the first quarter of 2010. “Buyers are zeroing in on the price advantages in the market right now, and sales
are making their way up to higher priced properties,” stated Phil Wood, President of John R. Wood REALTORS®.
Condominiums are leading the market improvement as overall pending sales increased 75 percent in the first quarter of 2010
to 1,679 contracts compared to 957 contracts in the first quarter of 2009.
According to John Steinwand, President of Naples Realty Services “The Naples area experienced a strong condo season, as all
price ranges showed an increase in pending sales activity. This is due to several factors including the first time homebuyer tax credit
and low interest rates.” “Condo sales in the $500,000 to $1 million price range had the largest percent increase when compared to all
other price ranges. This price range increased 100 percent from the same quarter a year ago,” stated Kathy Zorn, Broker/Owner of
Florida Home Realty of Collier County.
Condo sales in the $500,000 to $1 million price range increased to 96 sales in the first quarter of 2010 compared to 48 sales in the
first quarter of 2009. The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS),
price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the
following analysis:
Overall pending sales saw a 55 percent increase, with 3,346 contracts in the first quarter of 2010 compared to 2,160 contracts in the first quarter of 2009.
Overall home sales under $300,000 increased 40 percent with 1,393 sales in the first quarter of 2010 compared to 992 sales in the first quarter of 2009.
Single-family pending sales increased 39 percent with 1,667 contracts in the first quarter of 2010 compared to 1,203 contracts in the first quarter of 2009.
The available inventory decreased 15 percent to 9,557 properties in the first quarter of 2010 compared to 11, 211 properties in the same quarter a year ago.
Statistics for March 2010 also showed increases in overall pending sales. “Naples Beach showed the strongest pending sales increase when
compared to all geographic areas,” stated Jo Carter President of Jo Carter & Associates. The pending sales increase ranged from 26 percent
in East Naples to 85 percent in Naples Beach in March 2010 compared to the same month last year.
The March report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic
segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall home sales increased 44 percent to 850 sales in March 2010 compared to 592 in March 2009.
Overall single-family pending sales saw a 36 percent increase, with 689 in March 2010 compared to 505 in March 2009.
Condo sales saw a 46 percent increase with 426 in March 2010 compared to 291 in March 2009.
As always if you have any additional questions please feel free to contact me by calling 239.404.7787 or by
e-mail at Michelle@NaplesHomeSweetHome.com . I have also provided the full report as well, go to www.Naplesarea.com
I hope you have a fantastic day!
Michelle
Prudential Florida Realty
Michelle@NaplesHomeSweetHome.com
Cellular Phone 239.404.7787
www.NaplesHomeSweetHome.com
Michelle DeNomme, REALTOR
Office: 239.659.2400
E-Fax Number: 239.236.5550
Thursday, April 22, 2010
Tuesday, April 20, 2010
MILLION DOLLAR SALES UP 100 PERCENT
Report Shows Increase in Condo Pending Sales
There are no signs of a seasonal slowdown in the Naples area, as home sales surged in the first quarter of 2010 according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).In the 1 million to 2 million-price segment, the number of pending sales doubled with 146 contracts in the first quarter of 2010 compared to 73 contracts in the same quarter a year ago. The average days a property was on the market decreased 10 percent in this price segment in the first quarter of 2010.“Buyers are zeroing in on the price advantages in the market right now, and sales are making their way up to higher priced properties,” stated one local REALTOR.Condominiums are leading the market improvement as overall pending sales increased 75 percent in the first quarter of 2010 to 1,679 contracts compared to 957 contracts in the first quarter of 2009.According to one local REALTOR, “The Naples area experienced a strong condo season, as all price ranges showed an increase in pending sales activity. This is due to several factors including the first time homebuyer tax credit and low interest rates.”“Condo sales in the $500,000 to $1 million price range had the largest percent increase when compared to all other price ranges. This price range increased 100 percent from the same quarter a year ago,” stated alocal REALTOR.Condo sales in the $500,000 to $1 million price range increased to 96 sales in the first quarter of 2010 compared to 48 sales in the first quarter of 2009.The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:• Overall pending sales saw a 55 percent increase, with 3,346 contracts in the first quarter of 2010 compared to 2,160 contracts in the first quarter of 2009.• Overall home sales under $300,000 increased 40 percent with 1,393 sales in the first quarter of 2010 compared to 992 sales in the first quarter of 2009.• Single-family pending sales increased 39 percent with 1,667 contracts in the first quarter of 2010 compared to 1,203 contracts in the first quarter of 2009.• The available inventory decreased 15 percent to 9,557 properties in the first quarter of 2010 compared to 11, 211 properties in the same quarter a year ago.Statistics for March 2010 also showed increases in overall pending sales. “Naples Beach showed the strongest pending sales increase when compared to all geographic areas,” stated alocal REALTOR. The pending sales increase ranged from 26 percent in East Naples to 85 percent in Naples Beach in March 2010 compared to the same month last year.The March report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:• Overall home sales increased 44 percent to 850 sales in March 2010 compared to 592 in March 2009.• Overall single-family pending sales saw a 36 percent increase, with 689 in March 2010 compared to 505 in March 2009.• Condo sales saw a 46 percent increase with 426 in March 2010 compared to 291 in March 2009.
Be sure to contact me for your full report!!!
Report Shows Increase in Condo Pending Sales
There are no signs of a seasonal slowdown in the Naples area, as home sales surged in the first quarter of 2010 according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).In the 1 million to 2 million-price segment, the number of pending sales doubled with 146 contracts in the first quarter of 2010 compared to 73 contracts in the same quarter a year ago. The average days a property was on the market decreased 10 percent in this price segment in the first quarter of 2010.“Buyers are zeroing in on the price advantages in the market right now, and sales are making their way up to higher priced properties,” stated one local REALTOR.Condominiums are leading the market improvement as overall pending sales increased 75 percent in the first quarter of 2010 to 1,679 contracts compared to 957 contracts in the first quarter of 2009.According to one local REALTOR, “The Naples area experienced a strong condo season, as all price ranges showed an increase in pending sales activity. This is due to several factors including the first time homebuyer tax credit and low interest rates.”“Condo sales in the $500,000 to $1 million price range had the largest percent increase when compared to all other price ranges. This price range increased 100 percent from the same quarter a year ago,” stated alocal REALTOR.Condo sales in the $500,000 to $1 million price range increased to 96 sales in the first quarter of 2010 compared to 48 sales in the first quarter of 2009.The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:• Overall pending sales saw a 55 percent increase, with 3,346 contracts in the first quarter of 2010 compared to 2,160 contracts in the first quarter of 2009.• Overall home sales under $300,000 increased 40 percent with 1,393 sales in the first quarter of 2010 compared to 992 sales in the first quarter of 2009.• Single-family pending sales increased 39 percent with 1,667 contracts in the first quarter of 2010 compared to 1,203 contracts in the first quarter of 2009.• The available inventory decreased 15 percent to 9,557 properties in the first quarter of 2010 compared to 11, 211 properties in the same quarter a year ago.Statistics for March 2010 also showed increases in overall pending sales. “Naples Beach showed the strongest pending sales increase when compared to all geographic areas,” stated alocal REALTOR. The pending sales increase ranged from 26 percent in East Naples to 85 percent in Naples Beach in March 2010 compared to the same month last year.The March report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:• Overall home sales increased 44 percent to 850 sales in March 2010 compared to 592 in March 2009.• Overall single-family pending sales saw a 36 percent increase, with 689 in March 2010 compared to 505 in March 2009.• Condo sales saw a 46 percent increase with 426 in March 2010 compared to 291 in March 2009.
Be sure to contact me for your full report!!!
Friday, November 20, 2009
Let's Talk... FOR IMMEDIATE RELEASE
FALL SALES SURGE
Report Shows Inventory Declines 14 Percent
NAPLES, Fla.-November 13, 2009-Overall pending home sales increased at least 100 percent in October 2009
compared to October 2008 in each price category under 2 million, according to a report released by the Naples
Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
“The number of contracts written in October 2009 (904 contracts) was more than twice the number of contracts
written in October 2008 (409 contracts). The volume of activity is significant at what is usually a slow time of year,”
acknowledged Mike Hughes, Vice-President of Downing-Frye Realty.
The properties in the under $300,000 market have led the way in sales for the past few months. However, the market
recovery is now working its way up to the higher priced properties. Pending sales in the $300,000 to $500,000 price
segment have increased 150 percent from 48 contracts in October 2008 to 120 contracts in October 2009.
“Low interest rates and the federal tax credit are helping to drive more sales. Buyers are getting off the fence,” stated
John Steinwand, President of Naples Realty Services. “Inventory continues to go down from its peak.”
The available inventory has declined 14 percent to 9,347 in October 2009 from 10,815 in October 2008.
The October report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price
ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format,
along with the following analysis:
Overall home sales under $300,000 saw a 42 percent increase with 555 closed sales in October 2009
compared to 392 closed sales in October 2008.
Single-family pending sales increased 73 percent with 475 contracts in October 2009
compared to 274 contracts in October 2008.
Condo sales increased 49 percent with 254 closed sales in October 2009 compared to
170 closed sales in October 2008.
The overall median closed price decreased 14 percent to $190,000 in October 2009 from $221,000 in October 2008.
The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order,
in this case prices at which homes were actually sold. It should be noted that in any given period the median could
vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
According to Brenda Fioretti, Managing Broker of Prudential Florida Realty, “Educated consumers are contributing to
the market rebound as sellers price properties competitively and realistically.
The Statistics report can be sent to you by e-mail in a PDF. As always, if you have any questions please feel free to contact me by e-mail or by calling 239.404.7787.
Have a GREAT day!
Michelle
Prudential Florida Realty
Michelle@NaplesHomeSweetHome.com
Cellular Phone 239.404.7787
http://www.napleshomesweethome.com/
Michelle DeNomme, REALTOR
Office: 239.659.2400
E-Fax Number: 239.236.5550
FALL SALES SURGE
Report Shows Inventory Declines 14 Percent
NAPLES, Fla.-November 13, 2009-Overall pending home sales increased at least 100 percent in October 2009
compared to October 2008 in each price category under 2 million, according to a report released by the Naples
Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
“The number of contracts written in October 2009 (904 contracts) was more than twice the number of contracts
written in October 2008 (409 contracts). The volume of activity is significant at what is usually a slow time of year,”
acknowledged Mike Hughes, Vice-President of Downing-Frye Realty.
The properties in the under $300,000 market have led the way in sales for the past few months. However, the market
recovery is now working its way up to the higher priced properties. Pending sales in the $300,000 to $500,000 price
segment have increased 150 percent from 48 contracts in October 2008 to 120 contracts in October 2009.
“Low interest rates and the federal tax credit are helping to drive more sales. Buyers are getting off the fence,” stated
John Steinwand, President of Naples Realty Services. “Inventory continues to go down from its peak.”
The available inventory has declined 14 percent to 9,347 in October 2009 from 10,815 in October 2008.
The October report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price
ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format,
along with the following analysis:
Overall home sales under $300,000 saw a 42 percent increase with 555 closed sales in October 2009
compared to 392 closed sales in October 2008.
Single-family pending sales increased 73 percent with 475 contracts in October 2009
compared to 274 contracts in October 2008.
Condo sales increased 49 percent with 254 closed sales in October 2009 compared to
170 closed sales in October 2008.
The overall median closed price decreased 14 percent to $190,000 in October 2009 from $221,000 in October 2008.
The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order,
in this case prices at which homes were actually sold. It should be noted that in any given period the median could
vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
According to Brenda Fioretti, Managing Broker of Prudential Florida Realty, “Educated consumers are contributing to
the market rebound as sellers price properties competitively and realistically.
The Statistics report can be sent to you by e-mail in a PDF. As always, if you have any questions please feel free to contact me by e-mail or by calling 239.404.7787.
Have a GREAT day!
Michelle
Prudential Florida Realty
Michelle@NaplesHomeSweetHome.com
Cellular Phone 239.404.7787
http://www.napleshomesweethome.com/
Michelle DeNomme, REALTOR
Office: 239.659.2400
E-Fax Number: 239.236.5550
Friday, July 18, 2008
Let's Talk!
Hot off the Press from Michelle DeNomme, Realtor
FOR IMMEDIATE RELEASE
SALES UP, INVENTORY DOWN FOR FIFTH
CONSECUTIVE MONTH June 2008
Pending Sales 63 Percent Higher Than June 2007 NAPLES, Fla. – July 15, 2008 – Now is a great time to buy, and more people are agreeing according to a report released by the Naples Area Board of Realtors® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). “For the fifth consecutive month, we are seeing the number of pending sales increasing and the available inventory decreasing. We are seeing this trend across
the broad spectrum, not just in specific price points or geographic areas,” said Arlene Carozza, NABOR president and Realtor. “Overall, pending sales activity is up 63 percent over last year, with some areas well over 150 percent.” In the June report, compiled by NABOR, overall sales have increased nine percent and inventory has decreased by seven percent. “I’ve seen a marked increase in the number of showings and increased interest in homes,” said Mike Hughes of
Downing-Frye Realty. “Choice properties that are priced right are quickly disappearing.”
The report, which provides annual comparisons of single-family home and condo sales (via the Sunshine Multiple Listing Service), price ranges and geographic segmentation, also includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall pending home sales in the greater Naples Area, which includes Naples Beach, North Naples, Central Naples, South Naples, East Naples, Immokalee and Ave Maria, increased 60 percent, with 484 in June 2008 compared to 301 in June 2007.
Overall market sales for June 2008 in the $0-$300K category are up 58 percent with median sold price down 15 percent, compared to June 2007. Overall inventory is down seven percent.
For single-family homes priced up to $300,000, there are 172 pending sales, up 537 percent over June 2007, when there were 27 pending sales. In the same category, sales are up to 113, a 253 percent increase over the 32 sold in June 2007.
Pricing for single-family homes from $1 - $2 million increased by nearly eight percent.
Overall condominium pending sales for June 2008 increased 43 percent to 197, compared to 138 in June 2007.
Comparing pending sales from June 2007 and June 2008, condominiums priced up to $300,000, there is a 59 percent increase, while condominiums priced from $500,000 to $1 million are up 38 percent. For condominiums priced from $1 - $2 million, pending sales are up 30 percent from June 2007. Overall condominium inventory is down 13 percent.
“There is a new bubble of buyers on the horizon,” said Mike Hughes of Downing-Frye Realty. “They are on the fence, but now it’s a matter of when they’re going to make that buying decision.”
The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the
Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.
To view the entire June report, go to www.NaplesArea.com and feel free to contact
me with any questions you may have by calling 239.404.7787 or by e-mail at 239.404.7787...
I hope you have a GREAT day!
Michelle
Hot off the Press from Michelle DeNomme, Realtor
FOR IMMEDIATE RELEASE
SALES UP, INVENTORY DOWN FOR FIFTH
CONSECUTIVE MONTH June 2008
Pending Sales 63 Percent Higher Than June 2007 NAPLES, Fla. – July 15, 2008 – Now is a great time to buy, and more people are agreeing according to a report released by the Naples Area Board of Realtors® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). “For the fifth consecutive month, we are seeing the number of pending sales increasing and the available inventory decreasing. We are seeing this trend across
the broad spectrum, not just in specific price points or geographic areas,” said Arlene Carozza, NABOR president and Realtor. “Overall, pending sales activity is up 63 percent over last year, with some areas well over 150 percent.” In the June report, compiled by NABOR, overall sales have increased nine percent and inventory has decreased by seven percent. “I’ve seen a marked increase in the number of showings and increased interest in homes,” said Mike Hughes of
Downing-Frye Realty. “Choice properties that are priced right are quickly disappearing.”
The report, which provides annual comparisons of single-family home and condo sales (via the Sunshine Multiple Listing Service), price ranges and geographic segmentation, also includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall pending home sales in the greater Naples Area, which includes Naples Beach, North Naples, Central Naples, South Naples, East Naples, Immokalee and Ave Maria, increased 60 percent, with 484 in June 2008 compared to 301 in June 2007.
Overall market sales for June 2008 in the $0-$300K category are up 58 percent with median sold price down 15 percent, compared to June 2007. Overall inventory is down seven percent.
For single-family homes priced up to $300,000, there are 172 pending sales, up 537 percent over June 2007, when there were 27 pending sales. In the same category, sales are up to 113, a 253 percent increase over the 32 sold in June 2007.
Pricing for single-family homes from $1 - $2 million increased by nearly eight percent.
Overall condominium pending sales for June 2008 increased 43 percent to 197, compared to 138 in June 2007.
Comparing pending sales from June 2007 and June 2008, condominiums priced up to $300,000, there is a 59 percent increase, while condominiums priced from $500,000 to $1 million are up 38 percent. For condominiums priced from $1 - $2 million, pending sales are up 30 percent from June 2007. Overall condominium inventory is down 13 percent.
“There is a new bubble of buyers on the horizon,” said Mike Hughes of Downing-Frye Realty. “They are on the fence, but now it’s a matter of when they’re going to make that buying decision.”
The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the
Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.
To view the entire June report, go to www.NaplesArea.com and feel free to contact
me with any questions you may have by calling 239.404.7787 or by e-mail at 239.404.7787...
I hope you have a GREAT day!
Michelle
Wednesday, July 2, 2008
A recession-proof home saleORLANDO, Fla. – July 1, 2008
It’s a buyer’s market, but sellers can increase the chance of a sale in today’s climate by working with a Realtor and considering these eight things.
1. Don’t count on open houses to sell your home. According to the California Association of Realtors, less than 5 percent of buyers find their home at an open house. An open house should never be the center of a prospective real estate agent’s marketing plan.
2. Target your marketing. Know what buyers in your area look for and emphasize your home’s appeal accordingly. This includes everything from the description (whether you highlight transportation and parks, or restaurants and nightlife) and how you stage the home (whether the third bedroom becomes an office), to where you advertise the listing (a newspaper in addition to online).
3. Tour similar homes in the area to better understand the competition – what a home sold for 12 months ago, or even six months ago, may not be a good estimate for today.
4. Consider staging your home. Although not always necessary, staging can make a difference in how your house is viewed and compared to others.
5. Offer prospective buyers a neighbor “reference” list. Make a list of your best, most reliable neighbors, so that buyers can reach out to get a better feel for the area, the locals, and what makes the neighborhood a truly unique place to live.
6. Photos posted online should be taken on a sunny day with a wide-angle lens. Approximately one-third of buyers who responded to a recent survey said they would eliminate homes they saw online if they had too few or poor quality photos.
7. Consider a pre-inspection to give you a selling edge. Include information about any repair work you’ve completed since you bought the home. If you don’t market your improvements, you won’t get as much return for them.
8. Once your house is on the market, accept feedback and tweak as necessary.
Tips for Buyers and Sellers in todays Real Estate Market!
Contact me today for a full service marketing plan...
Michelle
It’s a buyer’s market, but sellers can increase the chance of a sale in today’s climate by working with a Realtor and considering these eight things.
1. Don’t count on open houses to sell your home. According to the California Association of Realtors, less than 5 percent of buyers find their home at an open house. An open house should never be the center of a prospective real estate agent’s marketing plan.
2. Target your marketing. Know what buyers in your area look for and emphasize your home’s appeal accordingly. This includes everything from the description (whether you highlight transportation and parks, or restaurants and nightlife) and how you stage the home (whether the third bedroom becomes an office), to where you advertise the listing (a newspaper in addition to online).
3. Tour similar homes in the area to better understand the competition – what a home sold for 12 months ago, or even six months ago, may not be a good estimate for today.
4. Consider staging your home. Although not always necessary, staging can make a difference in how your house is viewed and compared to others.
5. Offer prospective buyers a neighbor “reference” list. Make a list of your best, most reliable neighbors, so that buyers can reach out to get a better feel for the area, the locals, and what makes the neighborhood a truly unique place to live.
6. Photos posted online should be taken on a sunny day with a wide-angle lens. Approximately one-third of buyers who responded to a recent survey said they would eliminate homes they saw online if they had too few or poor quality photos.
7. Consider a pre-inspection to give you a selling edge. Include information about any repair work you’ve completed since you bought the home. If you don’t market your improvements, you won’t get as much return for them.
8. Once your house is on the market, accept feedback and tweak as necessary.
Tips for Buyers and Sellers in todays Real Estate Market!
Contact me today for a full service marketing plan...
Michelle
Tuesday, July 1, 2008
Let Save Our Homes Explain Portability in Florida...
Is Save Our Homes portability selling houses? Let Save Our Homes explain...
When people buy a home, they can apply for a $50,000 homestead exemption. If their home costs $100,000, the homestead exemption allows them to pay taxes on $50,000 instead.
There’s a second exemption, called Save Our Homes. If the market value of a house rises,
for example, from $100,000 to $110,000 in a year, or to $200,000 in 10 years, the county tax assessor can raise the market value of the house by only 3 percent per year. So a house worth $100,000 in 1998 can have a maximum market value of only $134,000 in 2008.That means the cumulative effect of Save Our Homes is enormous.On Jan. 29, Florida voters approved Amendment 1, which allowed homeowners to transfer the Save Our Homes exemption when they bought a new home. Its feature, called portability, would help sell homes, real estate agents said. People had been living for years in homes that were too large or too small, and that big tax break would be the catalyst for trading places.
Contact me for more information... Michelle@NaplesHomeSweetHome.com
Is Save Our Homes portability selling houses? Let Save Our Homes explain...
When people buy a home, they can apply for a $50,000 homestead exemption. If their home costs $100,000, the homestead exemption allows them to pay taxes on $50,000 instead.
There’s a second exemption, called Save Our Homes. If the market value of a house rises,
for example, from $100,000 to $110,000 in a year, or to $200,000 in 10 years, the county tax assessor can raise the market value of the house by only 3 percent per year. So a house worth $100,000 in 1998 can have a maximum market value of only $134,000 in 2008.That means the cumulative effect of Save Our Homes is enormous.On Jan. 29, Florida voters approved Amendment 1, which allowed homeowners to transfer the Save Our Homes exemption when they bought a new home. Its feature, called portability, would help sell homes, real estate agents said. People had been living for years in homes that were too large or too small, and that big tax break would be the catalyst for trading places.
Contact me for more information... Michelle@NaplesHomeSweetHome.com
Friday, June 20, 2008
Did you Know???
FLORIDA NO. 2 FOR NEW RESIDENTS
About 40 million Americans move each year, and Florida is the No. 2 spot for relocation, second only to California, according to a survey conducted by Relocation.com. The survey finds that 19 percent of those relocating went from owning their own homes to renting, with only 15 percent shifting the other way. Only 14 percent of the 1,237 respondents owned their previous residence and moved to a newly purchased home, and the majority (52 percent) went from one rental situation to another. The survey shows that most people relocate for a new job, a transfer within their current job or to seek a new lifestyle, including retirement. About half the moves were from one state to another. Two-thirds moved more than 100 miles and 54 percent moved more than 500 miles away. California is the number one destination state with 6 percent of the total sample moving there from another state, while 5 percent of all relocations move to Florida, followed by Texas (4 percent), New York (3 percent) and Georgia (2 percent).
FLORIDA NO. 2 FOR NEW RESIDENTS
About 40 million Americans move each year, and Florida is the No. 2 spot for relocation, second only to California, according to a survey conducted by Relocation.com. The survey finds that 19 percent of those relocating went from owning their own homes to renting, with only 15 percent shifting the other way. Only 14 percent of the 1,237 respondents owned their previous residence and moved to a newly purchased home, and the majority (52 percent) went from one rental situation to another. The survey shows that most people relocate for a new job, a transfer within their current job or to seek a new lifestyle, including retirement. About half the moves were from one state to another. Two-thirds moved more than 100 miles and 54 percent moved more than 500 miles away. California is the number one destination state with 6 percent of the total sample moving there from another state, while 5 percent of all relocations move to Florida, followed by Texas (4 percent), New York (3 percent) and Georgia (2 percent).
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