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Rent or Buy? 78% of major cities it is cheaper to buy.

by Justin Willard

According to Trulia's rent vs. buy index it is cheaper to buy a home than to rent one in 39 of the nation's 50 largest cities.  This report compares the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of April 1, 2011.  Although Walden Lakes is not mentioned in the figures, this report gives you a very good overview of our nation.

The index used below considers the total cost of homeownership compared to the total cost of renting. Calculations for the total cost of homeownership include mortgage principal and interest, property taxes, hazard insurance, closing costs at time of purchase, homeowners' association dues and private mortgage insurance.  The homeownership cost calculation also includes tax advantages from mortgage interest, property tax and closing-cost deductions.

Calculations for total rental cost include rent and renters insurance.

Top 10 cities to buy vs. rent:  

1 to 15 - much cheaper to buy than to rent

16 to 20     - more expensive to rent than to buy (depending on personal circumstances,   buying could "make financial sense,"

above 20 -  indicates that owning is much more costly than renting in a city

 

 As many home prices are still falling and more foreclosures are expected to flood the housing market over the next two years, the decision between renting and buying has swayed toward buying.  However, not everyone is in the current situation of renting, it may be that you are on the other side of the coin and are facing possible foreclosure.  Please, don't wait, let us help you through this difficult time and help you avoid foreclosure.  We understand that some homeowners are still confused and wondering what their options are, call now to speak with the Willard Realty Team.

Those looking to buy a home should be encouraged by the market and feel optimistic about their chances of finding an affordable home -- much more so than in previous years.

Looking at the Market Update in Walden Lakes we currently have one active listing.  This home is 1846 sq ft and 3 bedrooms with a listing price of $239,900 (reduced from $249,000).

From the beginning of this year a total of 5 homes have closed with an average selling price of $218,000.  Most of these homes were 3 bedrooms and had an average size of 1694 sq ft.

To learn more about this community, contact the experts at The Willard Realty Team.

Want to be the first to hear about new listings?  Let us do the work for you and keep you informed via email.  Or get an analysis of your approximate home value delivered direct to your inbox.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

More Americans Flock to the South and West

by Justin Willard

It seems, according to the 2010 U.S. Census, that more Americans are heading to the South and West.  If you are looking to sell your home in Spring Valley then you are probably well situated.  The latest census data shows that over the last decade, the largest population growth is in areas of the South and West.  Seems this is largely due to the Northeast and Midwest residents continuing to head toward warmer and less expensive Sun Belt hot spots.

As such, the decade’s hottest housing markets also had the most rapid population growth, including Nevada (35.1 percent growth), Arizona (24.6 percent), and Florida (17.6 percent).

This expert opinion might give you an insight into the immediate future and you can judge how it could affect Pembroke Pines and its communities.  Paul Bishop, vice president for research at the National Association of REALTORS®, says…

"I expect much of the short-term housing activity to be mostly centered on the low and high ends of the market, rather than driven by merely migration patterns.  investors likely will continue to target highly discounted homes in growing Sun Belt cities as well as in shrinking Rust Belt areas. I also anticipate an increase in sales of expensive homes."

Now let's compare to last month's market update for Spring Valley and see how our numbers have changed.

Currently there are 11 active listings in Spring Valley, made up of 3 to 5 bedroom homes.  Over these 11 listings, the average listing price is $321,073 or if you prefer to look at the LP$/SqFt, it is $131/Square Foot.  Four properties have shown a fall in listing price on average of 7.9% and one property increased by 4.5%

Looking at the year to date closings, there have been a total of 9 with the average days on market just slightly over 85 days.  On average, these closed at $259,378 or $122/SqFt, which is below the current listing price per square foot of $131.  However, in the last 30 days there have been 3 closings averaging $236,967 or $134/SqFt.  Even though this sale price is lower than the year to date figure, the sale price per square foot is a good indicator that our current listing prices above are priced to sell!

Do you have any questions or comments?  Come and join the conversation and 'like' our fan page on Facebook or follow us on Twitter.

Or, you can always contact Claudia Willard directly.

Call now - 954.745.4735

Be among the first to know when new homes hit the market!

1221 137th Ave in Pembroke Falls - updated 4/25/11

by Justin Willard

1221 137th Ave, Pembroke Pines, FL

1221 137th Ave Pembroke Pines fl"Stirling" model; Now priced to sell at $650,000. Don't miss this opportunity to get a luxury home.

  • Tile with marble inlays
  • Natural wood floors
  • Gourmet kitchen
  • Stainless steel applicances
  • Wine cooler
  • 5-burner gas stove
  • Granite countertops
  • Crown molding
  • Coffer ceilings
  • over $100K in upgrades
  • Designer custom drapes
  • Freeform heated tropical pool/spa

1221 137th Ave Pembroke Pines fl

 

Contact Justin Willard at (954) 745-4735 to be the first to see this property at this reduced price.

New Home Listing Alerts for Pembroke Falls

 

 

 

Listing courtesty of Real Living First Service Rlty

Weston Ponzi schemer's luxury items up for auction

by Justin Willard

Hope everyone is enjoying Easter 2011!  After the Easter services and the Egg Hunts with the kids, this little snippet of information might interest you. 

SunSentinel.com reports that Weston swindler Sean N. Healy lived like a rock star, well he did at least for a year.  He went on a spending spree and burnt his way through more than $10 million of ill-gotten money.

How does this interest you I hear you ask?  Well it seems there is a lot more than just homes for sale close to our Towngate community.  Here in Pembroke Pines, in a warehouse, you will find a treasure trove of luxury items, including stacks of Versace china in their original boxes, an impressive collection of signed sports and music memorabilia along with blackjack, craps and roulette tables.

Now that you have found that perfect dream home in Towngate, you might like to pick up a few items to decorate.  Next Wednesday, you could walk away with any one of those luxury items as they are auctioned off to the public.  Attention ladies!  Included in the items being auctioned off are four diamond-encrusted ladies watches designed by socialite Paris Hilton.  Not your style?  Worth a look out of curiosity perhaps.

The auction will be held 10 a.m. Wednesday at Moecker Auctions, 6861 SW 196th Ave., Suite 201, Pembroke Pines.  Items can be inspected at that location from 10 a.m. to 3 p.m. on Tuesday and after 9 a.m. on the day of the auction.  Bids also will be accepted online.  Anyone interested can contact Moecker Auctions at 954-252-2887.

So before you spend all your money, let's review what the market has been doing for Towngate, Florida homes.

Presently we have 28 active listings ranging in size from 3 to 5 bedrooms.  The average listing price is an affordable $276,679.  And for you bargain hunters out there, several listing have had a reduction in their listing price.  On average, we have seen a fall of 9.6% with two properties going against the tide with large increases in listing price.

Looking at the year to date sales we see a total closings of 11 properties with 3 of those being in the last 30 days.

Compare this to last month's market update and you will notice the number of active listings has increased and the average listing price has fallen.

Do you have any questions or comments?  Come and join the conversation and 'like' our fan page on Facebook or follow us on Twitter.

Or, you can always contact Claudia Willard directly.

Call now - 954.745.4735

Be among the first to know when new homes hit the market!

Spring housing inventory up 2.3%

by Justin Willard

Pembroke Falls

That is according to a report released April 14th on Realtor.com.  This is the official housing website of National Association of Realtors and it gathers listings from multiple services all over the U.S.  Every month, the company surveys up to 250 metropolitan areas and reports information regarding consumer trends, listing prices, active inventory counts, supply and demand indicators, among other things.

The online marketplace reported Thursday that compared to one year ago, the number of searches on the Realtor.com website is up by 15.1%.  Freddie Mac too expects a strong spring home buying season.

Realtor.com reported the national median sale price for March at $199,500, a quarter percent increase from February, yet a quarter percent decrease from one year prior.  The Fort Myers-Cape Coral, Fla. metropolitan statistical area witnessed the greatest year-over-year increase in price, up 24.1%.

Other markets in which the median price rose significantly between March 2010 and March 2011 include Fort-Collins-Loveland, Colo. (up 6%); Columbia, Mo. (up 6%); Santa Fe, N.M. (4.8%); Miami, Fla. (up 4.6%); and the Virginia suburbs of Washington DC-VA (up 4.1%).

Areas with the largest year-over-year declines in median list prices include Santa Barbara, Calif. (down 19.6%); Detroit, Mich. (down 13.8%); and Reno, Nev. (down 11.5%).

Locally, here in Pembroke Falls we have 35 active listings.  The median home is 4 bedroom, 3 bathroom and 3,288 square feet with a median listing price of $420,000.  Several properties have seen a reduction in the list price, averaging 6.2% drop.  As always, if you are looking to purchase your dream home at exceptional pricing, call us for an early inspection, we hate to see you miss out.

Properties are moving, since the beginning of this year we have seen 19 closings with an average sale price of $330,893, that works out at $125 per square foot.  Most of these homes were 4 bedroom  and approximately 2,700 square feet in size.  What is interesting is that of these 19 closings, 8 of them were in the last 30 days with an average sale price of $340,905.  So not only have there been more closings, there has been an increase in the sale price.  Good news if you are selling.

Be the first to hear about new listings, sign up for our email service.  Let us do the work for you and keep you informed via email.  You can opt out at any time.  On the other hand, perhaps you are thinking of selling.  Then you will want an analysis of your approximate home value delivered direct to your inbox so you can make an informed decision.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

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Americans favor walkable, mixed-use neighborhoods

by Justin Willard

That’s according to a recent study, the Community Preference Survey, by the National Association of REALTORS®.

And of all the homes for sale in Florida, we have some of the finest here in Lido Isles.

The survey also revealed that while space is important to home buyers, many are willing to sacrifice square footage for less driving.  Eighty percent of those surveyed would prefer to live in a single-family, detached home as long as it did not require a longer commute.Lido Isles

Further, the survey revealed that community characteristics are very important to most people.  When considering a home purchase, 88 percent of respondents placed more value on the quality of the neighborhood than the size of the home, and 77 percent of those surveyed want communities with high-quality schools.

Well you will certainly find that here in Lido Isles.  Imagine how relaxed you will feel as you take a stroll along the community sidewalks or the boardwalk that runs for a long stretch beside the picturesque lake.  And how happy will you be knowing your children have excellent choice of schools including Panther Run Elementary, Silver Trail Middle and Everglades High.  Or, for younger children, attend the Alex G Feteke Charter Elementary School located within walking distance of the community.

Ready to move to Lido Isles?  Great!  We have 6 active listings in Lido Isles starting with a 4 bedroom home priced at $392,289 up to a 5 bedroom home at $610,000.  There have been some substantial price reductions in some listings, so be sure to contact us to arrange an early inspection – these will not last.

Closings since the beginning of the year total 3 with an average sale price of $358,333

Be the first to hear about new listings, sign up for our email service.  Let us do the work for you and keep you informed via email.  You can opt out at any time.  On the other hand, perhaps you are thinking of selling.  Then you will want an analysis of your approximate home value delivered direct to your inbox so you can make an informed decision.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

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1571 NW 139th Ave - Price Reduction Announced

by Justin Willard

1571 NW 138th Ave1571 NW 139th Ave, Pembroke Pines, FL


Stunning, impeccable "Kingston" model 5/3/1 with 3-car garage Pembroke Falls.

Features: 1571 NW 138th Ave Pembroke Pines, FL

  • Renovated and upgraded
  • Marble tiles, wood floors
  • Stainless appliances, upgraded bathrooms
  • Granite countertops, chandeliers
  • Large back yard, lake views

1571 NW 139th Ave, Pembroke Pines, FLContact Justin Willard at (954) 745-4735 to be the first to see this property at this reduced price.

New Home Listing Alerts for Pembroke Falls

 

 

 

 

 

 

Listing courtesy of Optimar International Realty

 

Are Foreclosures still a concern for you?

by Justin Willard

It really doesn't matter if you are facing foreclosure yourself or not, the situation where families in Laguna Isles are finding they must walk away from their homes is heartbreaking.

Here at The Willard Realty Team, we are taking listings for new foreclosures on a regular basis.  To keep up to date with the latest listings, you can follow us at Twitter.  Here is a screen shot we took earlier this week, see for yourself, 3 foreclosures just in this screen capture.

If you are, or you know a friend or family member who is, facing the real possibility of foreclosure, please contact us for a private consultation.  We have the knowledge and experience that may help you avoid foreclosure.

Twitter feed

To help you understand the current market conditions of Laguna Isles, we like to provide you with regular feedback.

This month we have a total of 8 active listings.  If you are in the market to buy, you are likely to find a suitable home among these listings.  Ranging from 3 to 5 bedroom homes and from 1,900 square feet up to a spacious 3,424 square feet, one of these home will be the perfect size for you and your family.  The average price for these listings is $361,100.

There has been some price reductions as well as a price increase, but the overall resulted in a 11% fall in listing prices.

Since January 2011, we have seen 3 closings with sale prices ranging between $295,000 and $396,000 and these were all 4 or 5 bedroom homes above 2,500 square feet.

So if you want to be the first to hear about new listings, sign up for our email service.  Let us do the work for you and keep you informed via email.  You can opt out at any time. Or perhaps you are thinking of selling.  Then you will want an analysis of your approximate home value delivered direct to your inbox so you can make an informed decision.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

Follow is on Twitter                                                     Like us on Facebook

Where is a good place to eat? Do you like seafood?

by Justin Willard

With 143-acre lake at the center of the community, when if comes to dining why wouldn't you think of seafood?  Just a short distance from this community, located on Pines Blvd you will find Flannigan's Seafood Bar and Grill.  Just imagine how you will feel as you leave your beautiful home to take the family out for an enjoyable meal after a hard day's work.  I think I can hear the grill now!

Keystone Lake offers a good selection of floor plans, one of which is the Athens.  This is a single story home with 3 bedrooms, 2 bathrooms and a 2 car garage.  Need more detail?  Click on our downloadable and printable floor plans.

The Athens floor plan

Market Update:

Currently there are only two active listings in Keystone Lakes.  You will have the choice of either a 3 or a 4 bedroom home with an average price of just $355,000.

And since the beginning of the year we have only seen one closing.  This was a 3 bedroom home of 1,648 square feet and was on the market for just 56 days.

Want to be the first to hear about new listings?  Let us do the work for you and keep you informed via email.  Perhaps you are thinking of selling.  Then you will want an analysis of your approximate home value delivered direct to your inbox.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

Follow is on Twitter                                                     Like us on Facebook

Do you love looking at the Floor Plans?

by Justin Willard

Wander on over to our community page and read about the many attributes of Estancia.

There you will find a host of information about the outstanding variety of shopping and dining right on the border of Estancia.

Scroll a little further down the page and you will find the Estancia Floor Plans.  We take great pride in providing this service to you and hope you will find this a useful tool.  Use the plans and details to do your research from the comfort of your home.

Just look at this model for example; it is called The Emerson.

Are you ready for an inspection?  Please call us on (954) 745-4735 today to arrange a viewing.  Justin and Claudia Willard are ready to help you explore your possibilities and answer any questions you may have.

Now to provide you with a brief Market Update for this community and see if we can find your dream home.

Currently there are 8 active listings of 3 & 4 bedroom homes ranging between 1,450 and 2,500 sq ft.  For all you buyers out there, listing prices start at an affordable $199,999 ranging up to $314,900 giving you an average price per square foot of $140.00 for these 8 active listings.

This past month there have been 3 price reductions with an average fall of 9.2% with one property having a massive 33% drop in price!  Did that get your attention?  Call now on (954) 745-4735 to arrange a viewing.  But don't wait too long, it will not last.

Since the beginning of this year, 2 homes have sold.  Average sell price being $259,250.

To learn more about this community, contact the experts at The Willard Realty Team.

Want to be the first to hear about new listings?  Let us do the work for you and keep you informed via email.  Or get an analysis of your approximate home value delivered direct to your inbox.

Call now on (954) 745-4735 and speak with Justin or Claudia Willard for first hand advice.

Displaying blog entries 1-10 of 11

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