Florida's World Class Active Adult Community....SoliVita

Hi folks. I found this interesting article today about the Active Adult Community 55+ sales. Hopefully SoliVita will beat this trend. There are several homes under construction in my neighborhood of Venezia and I see quite a few people taking tours when the wife and I are down at the Riviera Spa and Fitness Center. Check it out.

WASHINGTON – Nov. 15, 2010 – The third-quarter results from the National Association of Home Builders’ 55+ Housing Market Index (HMI) find that builder confidence in the mature-market sector reflects the larger housing market’s bleak landscape. Almost all categories surveyed declined from the levels reported in the third quarter of 2009.

“While we have anecdotal information that some local 55-plus markets are beginning to rebound, the third-quarter data show that national conditions for this sector have not yet turned the corner,” said NAHB’s Chief Economist, David Crowe. “Real improvement won’t happen until we have better employment numbers, and consumers who are more confident of keeping their jobs. Those consumers will buy the homes of the 55-plus age cohort, so that the mature buyers will be able to move to more appropriate housing.” READ THE REST HERE

Hi folks. Let’s talk a little bit about Real Estate market conditions in SoliVita. Recently I have spoken to several SoliVita homeowners and the first thing they mention is that NOTHING is selling in SoliVita. Well lets look at some facts. The figures below are based on the first half of each year.

In 2006, at the peak of the market, there were 72 closing in the first half of the year. This year there were 91 sales! That’s an increase of 20%. In fact that’s the most resales in SoliVita for that time period EVER! So…properties are selling at a rapid pace.

Now let’s explore why they are selling. This one is easy. PRICE! It’s all about the price. At the peak of the market, 1st half of 2006, the average sale was at $276,600. This year, 2010, the average selling price in SoliVita is $165,301. That’s a decrease in value of 40%. Considering homes in Poinciana have had a decrease in value of 70%….the values in SoliVita have held up pretty good.

So…..will your SoliVita home sell in this market? ABSOLUTELY!!! As long as the price is right. If you want to know what that price is just give me a call….I’ll figure it out for you. OK?

That’s right. By far, the overwhelming majority of Homeowners in this country are NOT losing their homes. They either own their properties free and clear or are making their payments on time.

It’s hard for us to see this because we are in the business. If you are like me you live and breathe Real Estate. We talk to people all day long who are struggling and it’s very easy for us to forget that most Homeowners are living in and enjoying their homes.

I’ve mentioned many times over the last couple of years how more than 85% of the real estate closings in Poinciana Florida are distressed sales. But what I don’t mention is that there were only 1,654 sales for 2009 out of 20,700 properties. About 8%. So 92% of the folks in Poinciana stayed put. That’s right in line with the National average.

From what I could find online there are approximately ****129,400,000 homes in the US. Depending on where you look only 7-10 mil of these are in some stage of default. That’s roughly 7%.

Approximately 93% of the Homeowners in this country are doing OK. That makes me feel good. How about you?

****I spent about an hour this morning pulling stats and data and there really are no numbers that agree. So for the purpose of this post I just used averages. If you want more precise figures then feel free to do your own research.

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

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