Active Listing - 17325 Woodcrest Way
Blog
0
Davenport, FL 33897 Single Family Home Trends
Sales ▪ Rentals ▪ Management
Technology has made it possible for Century 21 World Properties to keep you totally up to date on what is happening in the real estate market in Davenport, FL. In an effort to earn your business we provide the relevant market information that allows you to stay informed about the market conditions that determine the value of your property. This letter is the first phase of that process. Our internet presence is phase two. Below is an overview of Single Family Home Sales Statistics in the 33897 zip code where your property is located. This information is also posted on our blog, which is easily accessible from our web site www.c21wp.com in easy to read charts and graphs. An interpretation of the data is included here. Number of Properties Sold The number of Single Family Homes Sold in the 33897 zip code each year 2009 thru 2011 is: 497, 543 and 523 (estimated based on year to date numbers) respectively. Through 2010 the Internal Revenue Service provided, as a part of the U.S. Economic Recovery Initiative, the First Time Homebuyer Tax Credit. The Tax Credit had a significant positive effect on home sales across the country from 2008 through September 2010. Davenport, FL is no exception. While it appears that the number of sales is flat and may in fact have declined slightly 2010 compared to 2011, there has been no incentive in the market place in 2011. This indicates that there is an improvement in the natural demand for single family housing market in the 33897 zip code. Housing Prices The average selling price for a single family home in the 33897 zip code from 2009 to 2011 are as follows: 152,276, 141,513 and 139,214 respectively. The average Single Family home price declined by 7%, 2010 compared to 2009. The decline between 2011 and 2010 was 1.6%. When analyzing housing prices on a price square foot basis the numbers are as follows: 2009, $77, 2010, $71, 2011, $69. These numbers make it obvious that housing values slipped slightly further in 2011. Distressed property sales are causing this decline. The good news is that the number of distressed sales (Bank Owned Properties and Short Sales) is declining. In 2010 approximately 70% of the properties sold were distressed. In 2011 approximately 50% of the properties sold were distressed sales. Properties transferred in the traditional, private sale manner (transactions in which bank approval was not required) sold at prices 20% higher than distressed sales. From the Price Perspective, housing values are still sluggish in the 33897 market. How are Buyers Paying? This could be the most interesting indicator of all. In 2011, 65% of all properties sold were purchased with ALL CASH. This is a troubling statistic. The majority of buyers in the market today are investors. Poor employment conditions; insecurity in the jobs market, is preventing consumers from buying homes. Buyers can’t commit to the payments. Banks are skeptical about borrowers’ ability to pay. Housing sales and housing prices suffer. What Should I Do? If you own a property and owe more than the property is worth you should allow Century 21 World Properties to negotiate a Short Sale on your behalf. We are experts at the Short Sale process and have negotiated many for our customers. We do not charge a fee for this service. The real estate commission associated with the sale is our only compensation. If you recently purchased your property and if you are comfortable owning the property our property management services will be beneficial for you. Century 21 World Properties specializes in Landlord / Tenant relationships. We consider ourselves excellent property managers. For more information please call us at (US) 352 243 0009, email us at ml@c21wp.com or visit our web site: www.c21wp.com. Click on the Blog Tab for up to date analysis of the Davenport, FL 33897 real estate market. Thank You for reading our blog.
0
Local Business Partner Program
The Local Business Partner Program (LBPP) is designed to promote local businesses to Century 21 World Properties’ (C21WP) customer base. The program consists of Coupon Distribution, Internet Advertising, including an optional Link Exchange, Blog Posting and a Social Networking component. The LBPP will also include an optional Retail Rack Card Exchange.
Coupon Program
LBPP participants (participant) will offer promotional coupons to C21WP’s customers and contacts. C21WP will publish the coupons in a coupon book that will be emailed to customers and contacts, monthly. Business Participants must offer a discount of some kind. The offer must be approved by C21WP. The term of the coupon will be from January 1st of the current year to June 30th of the same year and from July 1st through December 31st. Expirations will be published on every coupon.
In addition to distribution to existing customers and contacts the coupon book will be published on the C21WP web site. Prospective customers will contact C21WP to get the coupon book emailed to them. C21WP will deliver the book. Coupon Book Customers will print the coupons from their computers and bring the coupon to the issuing business for redemption.
The Coupon may be designed by the Participant or the Participant may email all of the details associated with their offer to C21WP. C21WP will create the coupon, deliver the finished coupon product to the Participant for approval and then, upon approval, C21WP will publish the Coupon in the coupon book and implement the marketing plan.
Internet Advertising
C21WP will create a Local Business Partners tab on the C21WP site, will post the Participant’s logo, a short description of the Participant’s products and services and a link to the participant’s web site on the C21WP site. The participant may agree to post a link to C21WP’s web site on the participant’s web site. The benefit of a link exchange is that search engines recognize link exchanges and provide preferential ranking to both the participant’s web site and C21WP’s site.
Blog Posting
Blogging is a very productive way to find new business and build customer loyalty. C21WP will create a category for each Participant on the C21WP blog. Participants will write articles and deliver the articles to C21WP for posting. C21WP will post the articles to the blog and direct respondents comments and inquiries to the email address of the participant’s choosing. C21WP may grant access to the participant’s category so that the participant can respond directly to other bloggers questions, comments and concerns. Otherwise C21WP will receive and post the participant’s responses to the blog for the participant. C21WP reserves the right to receive the respondents’ contact information and use the information in any way that C21WP chooses.
Social Networking
C21WP will assist the participant with its Social Networking Program by “Liking” the participant’s Facebook Page, by “Connecting” with the Participant on LinkedIn and by “Following” the participant on Twitter. The participant agrees to reciprocate all activities listed in the Social Networking section of this agreement for the benefit of C21WP. C21WP will establish an automatic feed from Facebook, LinkedIn and Twitter to the participant’s blog category.
Retail Rack Card Exchange
The Retail Rack Card Exchange is an optional component of the Local Business Partner Program. C21WP would like to place a brochure holder in a prominent place in the participant’s business. C21WP will establish a rack card holder section in a prominent place in the C21WP office. Participants who are willing to display a rack card holder for C21WP in their business will enjoy the benefits of the participant’s rack card being displayed in C21WP’s retail location.
For further details contact
Michael Levine Katherine Lopez Alexsandsra Gomez
ml@c21wp.com katherine@c21wp.com AG@c21wp.com
Livia Gomez David Daglio Mirna Foley
Livia@c21wp.com David@c21wp.com Mirna@c21wp.com
0
What Do You Get?
Many of the homes in South Lake County, FL (Clermont), West Osceola County (Kissimmee) and Northern Polk County (Davenport). are second homes. Our location, within minutes from the main gate to Walt Disney World, avails itself to people around the world who enjoy having their own home to stay in when they Holiday here in Central Florida. These affluent Holiday makers generally travel as a family. In many cases the extended family, Grandma and Grandpa, Uncles, Aunts, Cousins and Friends, tag along. Is it any surprise that the most recommended Holiday Home consists of four bedrooms, three full bathrooms and a private, heated swimming pool? When a family of ten trots off to Walt Disney World they must get everyone in and out of the bathroom in a timely manner! Three bathrooms is a must.
Statistically, the median home sold here in the Four Corners market is approximately 1,900 square feet of living area. Most homes have a two car garage. The median home sold was built in 2002. Swimming pools are very common in the Four Corners market. After all, this is Florida! Sixty percent of the homes sold have swimming pools. The median price of a Four Corners home with median features is $135,000. On a price per square foot basis this is $71 per square foot. Homebuilders know that a house with reasonable interior finishes cannot be built for $71.00 per square foot. When you add the lot value and the swimming pool amenity the value really stands out! Today, $135,000 buys a nice house with a pool in Clermont, Kissimmee or Davenport, Florida. Couple your new home with an annual pass to Walt Disney World and you have created paradise. These prices will not last forever. Call, text or email for more information.
-End-
0
Ten Year Sales History
The Number of single family homes sold in Clermont Florida in year 2011 was similar to the number of single family homes sold in year 2002; roughly 1200 units according to My Florida Regional Multiple Listing Service (MFRMLS). 2005 was the peak of the housing boom. In 2005, 1,774 single family homes sold according to MFRMLS. If 2005 was an over inflated hyper market how can we characterize the 1200 units sold in 2011? The number of units sold in 2011 is 67.64% of the number of units sold in 2005.
Century 21 World Properties has been serving Clermont, Florida through the boom and the bust. We have been in the same Clermont location since 1998. The number of housing units sold in 2011 represents a reasonably active market. So, why are we crying the housing market blues?
When you read through other posts on this site you will see that 65% of all closed sales in 2011 were cash transactions. This means that Johnny Lunch Bucket is not the buyer. Investors are buying income properties. This real estate broker knows that consumers are willing to pay more when the property is going to be used as their primary residence. Investors get all caught up I silly things like rent to Value Ratios, Payback Periods and Return on Invested Capital during the holding period. This is great for families who decide to buy their primary residences in this market. Investors are hammering home values down on behalf of the entire market. Prospective Homebuyers; Get in Now!
Clermont is an emerging community. Between 2001 and 2006 the new home market was booming. The decline in housing starts is not addressed I this post. When re-sales and new home sales are combined and compared the housing market picture is very different. Clermont and the entire state of Florida rely on the construction industry for jobs. The decline in new home starts and the jobs lost in the construction industry is preventing the housing market from recovering.
End
0
Number of Properties Sold 34714
The housing market in South Lake County Florida’s 34714 zip code tried to recover in 2010. The Federal Government’s First Time Homebuyer Tax Credit, an $8,500 direct tax credit for first time homebuyers, successfully motivated prospective buyers to purchase a home. When the Tax Credit ended, purchasers of primary residences stopped buying houses. From fiscal quarter to fiscal quarter, the number of units sold in 2009 increased every quarter through quarter four. This was great news for the housing market. Expectedly, the first quarter of 2010 produced fewer residential single family home sales than the fourth quarter of 2009 did. The first fiscal quarter is typically the slowest quarter of the year. Quarter two of 2010 should have shown an increase in single family home sales. It didn’t. The third quarter of 2010 plummeted to sub first quarter 2009 levels. The second and third quarters are typically the strongest periods of the year.
