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Saturday, September 28th, 2013Costa Rica Real Estate Rebounds
Friday, September 27th, 2013
(PRWEB) September 13, 2013
The Costa Rica real estate market has seen steady improvement during 2012 and 2013 in response primarily to a strengthening housing market in the United States. As a result, Re/Max Ocean Surf Realty, the longest running Re/Max agency and largest networked team in the country has decided to expand its agent count.
According to Chris Simmons, the founder of Re/Max Ocean Surf and its three affiliated offices located in the desirable North Pacific Guanacaste region, We are seeking more agents to serve our growing client base. Higher median prices in the USA are now driving buyer interest in higher priced and luxury real estate properties, particularly for ocean view, beachfront, and near beach properties. Buyers from hot markets in the USA like California and Florida see Costa Rica as offering great value in comparison to similar beach real estate in the United States. We still have luxury condos for under $ 200 per square foot, pricing that is rare in the USA.
The National Association of Realtors (http://www.realtor.org) real estate market data for July demonstrates that the United States experienced a 5.24 percent decline in housing inventory. National median list prices increased 5.27 percent year-over-year while median age of inventory is down 16.67 percent.
Statistics are harder to come by in Costa Rica as the nation has no national Multiple Listing Service (MLS). However, a review of real estate websites in Costa Ricas Guanacaste North Pacific Gold Coast region reveals that, like the United States, lower and median priced properties saw dynamic sales during 2012 and early 2013. Lower priced inventory declined drastically, and median condo and home prices are increasing. As a result, Chris Simmons says that he expects the positive trend in both sales and pricing of Costa Rica property to continue.
DataQuick (http://www.dqnews.com) a USA real estate information service, reported that the number of homes that sold for $ 5 million or more in California reached an all-time record in 2012. California also achieved sales records last year in the $ 4-5 million range and the $ 3-4 million range, and also had the highest number of home sales of more than $ 1 million since 2007. And a record number of buyers paid with cash.
Chris Simmons agrees that many of his buyers during the past two years were from the power-house markets of Florida and California. However, he anticipates that as the real estate recovery spreads, Costa Rica will see more buyers from other regions of the USA which has encouraged him to expand his team.
The National Housing Trend Report by the National Association of Realtors (http://www.realtor.org) relates that, while the California market dominated in the past couple of years, it has been replaced by a new set of market leaders including: Detroit, Mich.; Boston; Denver; Honolulu and Naples, Fla. The large decreases in the for-sale inventory in these markets suggests the beginning of a housing market recovery process similar to what was observed in Florida in 2011, and in California in 2012 and 2013.
Chris Simmons notes that This is an exciting time for real estate in Costa Rica and for my growing team. Buyer confidence is up, and this definitely is having a positive effect on our market. When our clients see their real estate investments at home experiencing significant increases, they are more likely to invest in second home and resort markets. Moreover, as the overall global housing market improves, our client base grows since Costa Rica attracts buyers from around the world due to its foreigner friendly property laws and high standard of living.”
Increase in Sales and Boom in New Property Listings Driving Miamis Soaring Housing Market
Friday, September 27th, 2013
Miami, FL (PRWEB) September 18, 2013
Miamis booming housing market in July was driven by robust growth in the sales of homes, condos and town houses valued $ 200,000 to $ 399,000 and the over $ 600,000 range along with a significant increase in the new listings of properties over $ 400,000, according to the 30,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system.
The double-digit growth in the sales of mid-range single-family homes, condos and town houses is driving Miamis robust real estate market, said 2013 Chairman of the Board of the MIAMI Association of REALTORS Natascha Tello. The fact that we are seeing such strong growth in the listings of both mid-range and high-end real estate is further evidence that there has never been a better time to invest in Miami. We are a vibrant community and our soaring housing market will be the backbone of Miamis continued economic prosperity and success.
Growth in Miami Single-Family, Condo and Townhouse Sales
Sales of Miami single-family homes valued between $ 250,000 and $ 299,999 drove Julys historic housing rally with 131 closed sales, an increase of 138.2 percent from the previous year. Moreover, there were 128 sales of $ 300,000 – $ 399,999 homes in Miami, an increase of 88.2 percent from July 2012.
Meanwhile, 154 condos and townhouses ranging from $ 200,000 to $ 249,999 were sold, up 60.4 percent from 2012. The 100 luxury condos and townhouses sold at $ 600,000 to under a $ 1,000,000 represented the largest sales increase with a surge of 63.9 percent compared with July 2012 figures.
We continue to see great demand for Miami properties in all price ranges, but a decline in available listings in the lower prices ranges is limiting sales under $ 100,000, said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. The lack of low-end supply is due to rising prices, which have steadily seen double-digit increases over the last two years. The rise in sales of mid-range properties is a result of pent-up demand.
Strong Growth in New Listings in the $ 400-599k Range
The Miami market has experienced robust sales activity for nearly three years, yielding strong appreciation consistently during the last two years. As a result, sellers who were waiting to recover equity have recognized that now is a great time to sell. Despite the uptick in new listings, supply remains insufficient to satisfy demand, particularly in the lower price points.
Condo and town houses make up 59 percent of all Miami property listings. Of the 2,838 condos and townhouses listed last month, the 344 valued between $ 400,000 and $ 599,999 increased 82 percent compared to July 2012. The second fastest growing group of newly listed townhouses and condos were the 338 valued $ 150,000 to $ 199,999, which saw a 63.3 percent growth from the previous year.
Of the 1,948 single family homes listed last month, there were 232 whose asking price ranged from $ 400,000 to $ 599,999, an increase of 81.3 percent from 2012. Notably, there were 169 new listings for single family homes over $ 1,000,000, up 53.6 percent from last Julys 110.
July 2013 – Miami-Dade Statistical Reports
Single-Family Homes
http://www.miamire.com/docs/monthly-market-reports/miami-dade-county_single-family-homes_2013-07_summary.pdf?sfvrsn=2
Condos and Townhouses
http://www.miamire.com/docs/monthly-market-reports/miami-dade-county_townhouses-and-condos_2013-07_summary.pdf?sfvrsn=2
Note: Statistics in this news release may vary depending on reporting dates. Statistics reported by MIAMI are not impacted by NARs rebenchmarking efforts. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 30,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has partnerships with more than 100 international organizations worldwide. MIAMIs official website is http://www.miamire.com.
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Solar Advocates Descend on Sempra at Protest
Thursday, September 26th, 2013
San Diego, CA (PRWEB) August 29, 2013
Local elected officials, environmentalists and activists gathered on the steps of Sempra Energys headquarters on Wednesday to protest Assembly Bill 327 (AB327), backed by Californias investor-owned utilities. The message delivered: the California Senate needs to amend AB 327, adding language to maintain the existing legal protections for solar homeowners, businesses and schools otherwise the bill must be killed.
Assembly Bill 327 directly contradicts over 20 years of smart public policy support for renewable energy and distributed generation solar, said Dianne Jacob, vice-chairwoman of the Board of Supervisors, It pulls the rug out from under homeowners, businesses, schools and municipalities that have responded to the call to conserve energy, produce energy and become more energy efficient.
California, Americas top solar state, has over 150,000 solar power systems installed and the owners of these systems have collectively invested hundreds of millions of dollars in solar power. These clean energy producers range from homeowners, small businesses, schools and municipalities. Former California Assemblymember and Sierra Club San Diego chair, Lori Saldana, noted that AB 327 it its current state would increase greenhouse gas emissions and discourage energy efficient upgrades.
The collective group at the protest stated the way this bill is currently structured would completely change the economics of solar, financially hurting the entities who already went solar while discouraging anyone from going solar in the future. This legislation would also put jobs at stake for the 44,000 Californians employed in the solar industry, per the group.
“California’s solar industry is about much more than saving money on utility bills, its about our future, its about creating a sustainable region for our children and grandchildren, its about reducing our dependence on fossil fuels and its about our new energy economy and the jobs we are creating each and every day while making the world a better place, said Daniel Sullivan, founder and president of Sullivan Solar Power, and founding board member of San Diego California Solar Industries Energy Association (CALSEIA), Its high time the utilities get with the program and accept the fact rooftop solar is here to stay. We arent going away and we will not allow our future to be derailed by bad policies like those proposed in AB327.”
The group has launched a petition site (http://www.saveoursolar.com) which targets State Senators urging them to kill the bill unless it is amended.
Utilities argue rate reform is needed to address issues with the CARE low income assistance program which will result in less people enrolling and to reduce the costs paid by large residential ratepayers.
About Sierra Club
The purpose of the Sierra Club is to explore, enjoy and protect the wild places of the earth; to practice and promote the responsible use of the earths ecosystem and resources; to educate and enlist humanity to protect and restore the quality of the natural and human environment; and to use all lawful means to carry out these objectives.
For more information about Sierra Club, San Diego visit http://sandiego.sierraclub.org.
About Sullivan Solar Power
Sullivan Solar Power is a turnkey solar system provider that delivers solar electric projects from concept to completion. The company has installed over 14,000,000 watts of solar power ranging from small-scale residential to large-scale commercial and municipal systems. Sullivan Solar Power is headquartered in San Diego, CA and owned and operated by Dan Sullivan. Sullivan Solar Power has a longstanding A-plus rating with the Better Business Bureau, with no complaints filed since the business began. The firm has been named one of the fastest growing energy companies in the nation by Inc. Magazine for three consecutive years and services all of Southern California. Regardless of project size and scope, Sullivan is committed to delivering the best products and the most qualified professionals to its customers. Visit http://www.sullivansolarpower.com for more information.
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Thursday, September 26th, 2013
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