A Booming Florida Beach Town...Cape Coral

Cape Coral, the exclusive Southwest Florida master-planned community, is a popular destination for those who love life on the beach. “It’s

one of the fastest-growing cities in the country,” said an associate at Sotheby’s International Realty. “People are coming for the quality of

life, the affordability. They are all ages—back in the day, the median age was 79; it is now 45.”

A principal city in the Cape Coral-Fort Myers Metropolitan Statistical Area and geographically the state’s second largest city, it recently has

been attracting buyers from as far away as Colorado, Texas and California. “The appeal is broader because price is a big part of it—it is

the last affordable waterfront in Southwest Florida.” The bottom line, is that everyone wants to buy in Cape Coral because “this is

paradise.” The casual, growing city is tailored for water lovers and golf enthusiasts.

“There’s less than a two-month supply of homes, making it very much a seller’s market,” he said, adding that the higher-end properties sell

fairly swiftly, generally within three to four months if they are priced correctly.

Contact me for details 

Analou Manent, Florida Real Estate Agent

 

Miami, Fort Lauderdale and Palm Beach Home Sales Rises Again

We did it again....  Luxury Home Sales risen in August/September 2019 Period, The number of Luxury Homes listed for One Million and up ($ 1 Million USD), and this increased we ought to New Yorkers moving down South, with High Taxes and Regulations in New York, New Jersey and Connecticut more northern home buyers are moving to South Florida, where there is no state income tax and it’s cheaper to buy and maintain a home, according to 2019 JTHS-MIAMI President Kim Price.

 

Palm Beach single-family home sales decreased 0.6%, from 1,576 to 1,566. Palm Beach condo sales decreased 4.8%, from 1,198 to 1,141.

 

A new condo approval process could increase sales in the future. The new guidance, which goes into effect in mid-October, extends certifications from two years to three, allows for single-unit mortgage approvals, provides more flexibility with owner/occupancy ratios, and increases the allowable number of FHA loans in a single project. The changes, many of which MIAMI and NAR has championed, should yield thousands of new homeownership opportunities.

 

Single-family home dollar volume increased 1.5%, from $789.7 million to $801.7 million. Condo dollar volume increased 12.3%, from $326.2 million to $366.2 million.

 

According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage decreased to 3.62% in August, down from 3.77% in July. The average commitment rate across all of 2018 was 4.54%.

 

Palm Beach Single-Family Home Median Prices Continue Rising Palm Beach County single-family home prices increased 4.4%, from $340,000 to $355,000. Existing condo prices decreased 1.4%, from $185,000 to $182,500.

 

Palm Beach Distressed Sales Comprise Just 3.0% of Total Sales Only 3.0% of all closed residential sales in Palm Beach were distressed in August 2019, including REO (bank-owned properties) and short sales, compared to 2.9% in August 2018.

 

Total Palm Beach distressed sales decreased 1.2% year-over-year, from 83 to 82.

 

Short sales and REOs accounted for 0.5% and 2.5%, respectively, of total Palm Beach sales in August 2019. Short sale transactions decreased 35% percent, from 20 to 13. REOs increased 9.5%, from 63 to 69.

 

Nationally, distressed sales represented 2% of sales in August, unchanged from July, but down from 3% in August 2018.

Florida Lifestyle is booming.... It is a Sellers Market but also a Buyers Market, get advantage... 
call me Analou Manent, 754-245-7501
I can help you find your Dream come true.

Unique Contemporary for Sale in Boca Raton, FL

Unique contemporary home designed for modern lifestyle and entertaining. Ideally situated in exclusive Stonebridge Country Club. This elegant home is bright and airy completely remodeled in 2018 with Italian Porcelain Floor and Modern Tile, windows that flood the spaces with natural daylight.

 

This Modern home includes 3 Bedrooms, 2 and a half Baths, a Den, European Kitchen and Bar perfect for modern lifestyle and entertaining, including a beautifully appointed screen patio. Kitchen designed by French Architect White Quartz Countertops.

 

Stonebridge CC is located around a brand-new Kipp Schulties-designed 18-hole championship GC. Stonebridge CC offers an Exclusive Lifestyle, 10 Tennis Cts, Swimming Pool, Fitness Center, 2 Pickerball Ct, Playground, Restaurant, Bar.

For more information call: Analou Manent at 305-814-0715

Richard Branson new Aventure: Virgin's High Speed Train from Miami toDisney World

Richard Branson's New High-speed Trains Will Let You Visit Disney World and Miami in the Same Vacation.  From cruise ships to airlines to space travel, pioneer Sir Richard Branson is known for taking an interest in innovative projects that propel travel — and the travel experience — ever further into new frontiers. Now, the business magnate has set his sights on Brightline, a future-forward train system that commenced service in Florida earlier this year. - travelandleaisure.com

 

New Listing - Beach Club III - 2403 for Sale

Spectacular Direct Ocean Views from every room, 3 Bedrooms/3 Baths, very modern with Italian Gourmet Kitchen and Marble Floors, Stainless Still Appliances and Granite Counter Tops. Huge Master Bedroom, Walking Closet and Master Bath. Huge Balcony with Direct Ocean Views.

The Beach Club offers Luxury Resort Style Living an amazing 2 Story State of the Art Gym, with Spa, 3 Swimming Pools, Jacuzzi, Pool Table, French Bistro and Private Beach Club, Valet and Concierge Service. Easy Access to I95, US1, Fort Lauderdale and Miami Airport.

                                          Click here to View a YouTube SlideShow

 

Fort Lauderdale Evolution Maturing to Trendy Luxury Hot Spot

Renderings of 100 Las Olas, the Four Seasons Private Residences Fort Lauderdale and Icon Las Olas

Downtown Fort Lauderdale and beaches mature from spring break mecca to luxury hot spot

By Francisco Alvarado | July 17, 2017 03:05PM
The Real Deal

Fort Lauderdale native Bob Swindell remembers the days when retailers and restaurant owners in downtown and the nearby beaches would shut down by 6 p.m. and stores would close up for the summer. “Things would get really quiet,” Swindell said.

The only real action the neighborhood experienced was during Fort Lauderdale’s vaunted spring break era, from the late 1960s to early 1990s, when hordes of college students turned downtown and the beaches into party central. The negative publicity eventually led city leaders to curtail Fort Lauderdale’s image as the raunchy resort town for a more subdued reputation as Broward County’s corporate epicenter that counted a daily newspaper, the Sun-Sentinel, as an anchor tenant.

Now, Fort Lauderdale’s downtown and beaches are going through another evolution that is transforming the neighborhood into an international destination, according to Swindell, who grew up to become president of the Greater Fort Lauderdale Alliance. “The fabric is really changing,” he said. “There is a lot of high-rise and mid-rise residential development that is leading to an influx of residents. It has created a great environment.”

Dan Teixeira, sales director for the Four Seasons Private Residences Fort Lauderdale, says the Las Olas Beach area went from drawing drunk spring breakers to attracting foreign real estate investors who are now flying into the city as a result of Fort Lauderdale International Airport adding international flights in recent years.

“At Four Seasons, we have many buyers from Europe, South America and the Middle East,” Teixeira said. “Fort Lauderdale is becoming a casual, yet sophisticated oceanfront community.”

Full Article  https://therealdeal.com/miami/2017/07/17/neighborhood-dive-downtown-fort-lauderdale-beaches-transform-from-spring-break-mecca-to-luxury-destination/

Analou Manent - Miami and South Florida Real Estate Specialist
Agent Immobilier Miami, Floride

Brazilians Find New Home in Miami

Brazilians are spending more money in the U.S. than ever…and Miami is benefitting big.
by James McClister February 17, 2015


A port of indulgence for Brazil’s elite, Miami has catered to South American investors for decades, helping them funnel huge sums into lavish, coastal condominiums. But now, following the recent reelection of Brazilian President Dilma Roussef, a number of the country’s biggest spenders are looking to increase their overseas holdings, and Miami is benefitting in a big way.
In a recent interview with The Wall Street Journal, Alyce Robertson, executive director of the Miami Downtown Development Authority, affirmed the impact Roussef’s reelection is having on South Florida.
“After the last election, we were talking to a lot of people concerned about getting their capital out of Brazil,” she said, adding that the exodus was largely a response to politics.

Brazilians Flee

With specific data unavailable, it’s difficult to quantify the recent influx of Brazilian investment. But throughout South Florida, developers, agents, bankers and a slew of other industry insiders are abuzz with talk of Brazil.
They speak of a swelling of Brazilian capital, aimed not just at property investments, but an increase in more prolonged and involved ventures, such as setting up businesses and obtaining residency and later citizenship for themselves and their families.
Genilde Guerra, an attorney at Kravitz & Guerra, told the Journal that Brazilian clients are mainly “concerned about the instability of Brazil’s political environment.
“They don’t want to be the last one’s to leave,” she said.

For complete article click here

For more info in Miami Real Estate contact Analou Manent