ORLANDO/TAMPA, Fla. --- The inventory of available ready-to-move-in spec homes in the Orlando and Tampa Bay regions is decreasing and that means prices are beginning to rise, according to one of Florida’s most active home builders.
Mark Metheny, president of Lennar’s Central Florida Division, which builds new single family and town homes in 20 communities in the Clermont, Orlando and Space Coast areas and in 15 communities in the Tampa Bay region, said Lennar is working hard to maintain ready-to-move-in homes in all its communities.
“As inventories decline, the law of supply and demand is reasserting itself,” Metheny said.
Currently, Lennar’s ready-to-move-in homes at its communities in Hillsborough, Pasco, Hernando and Polk Counties are priced from the $70s to more than $400,000. In the Clermont, Orlando and Space Coast regions Lennar move-in ready homes are priced from the low $100s to the high $200s, Metheny explained.
“We are building new ready-to-move-in homes in all of our communities and it is getting harder to keep up with demand,” Metheny said.
As the Florida housing market recovers, some buyers are going to see a window of opportunity close, he said.
“Right now, the lowest pricing, the lowest mortgage interest rates and the best availability all point to a unique window for home buyers that will close as demand increases and prices rise," Metheny said.
For more information, visit www.Lennar.com or call 888-317-7489.
Tuesday, May 31, 2011
Central Florida Cyclist gets closer to reaching fundraising goal for his participation in Race Across America
EUSTIS, Fla. – First Green Bank, based in Lake County, is asking the public to help fund Central Florida cyclist Steven Perezluha’s efforts to win the 30th annual Race Across America (RAAM), the grueling 3,000 mile race that will start in Oceanside, Calif. on June 15 and end less than 12 days later in Annapolis, Md.
Ken LaRoe, chairman and chief executive officer of First Green Bank, said 20-year-old Perezluha has a realistic chance of winning this year’s Race Across America but that effort will cost more than $20,000 including registration fees and accommodations for the eight person team that will accompany him on his journey.
“Steven Perezluha is a remarkable young man with a very promising future and First Green Bank is proud to help sponsor him for this monumental effort,” LaRoe said.
“The Race Across America is widely regarded as the toughest bicycle race in the world,” LaRoe said. “Cyclists often ride more than 20 hours every day from the start of the race to the finish, and they must consume upwards of 15,000 calories a day.”
Perezluha rode more than 30,000 miles on his bicycle last year in preparation for the Race Across America. In one six-day stretch, he rode from his home in Longwood to Key West and back, a total of 1,456 miles. And that was a short trip – in 2009, Perezluha rode his bicycle to Alaska and back. He has also won and set records at several racing events over the past couple years.
“Steven also has an excellent pedigree,” LaRoe said. “His uncle, Danny Chew, won the Race Across America in 1996 and 1999.”
Those wishing to also help support Perezluha’s Race Across America can contribute to his team by visiting his Donation Page at www.StevenPerezluha.com
Ken LaRoe, chairman and chief executive officer of First Green Bank, said 20-year-old Perezluha has a realistic chance of winning this year’s Race Across America but that effort will cost more than $20,000 including registration fees and accommodations for the eight person team that will accompany him on his journey.
“Steven Perezluha is a remarkable young man with a very promising future and First Green Bank is proud to help sponsor him for this monumental effort,” LaRoe said.
“The Race Across America is widely regarded as the toughest bicycle race in the world,” LaRoe said. “Cyclists often ride more than 20 hours every day from the start of the race to the finish, and they must consume upwards of 15,000 calories a day.”
Perezluha rode more than 30,000 miles on his bicycle last year in preparation for the Race Across America. In one six-day stretch, he rode from his home in Longwood to Key West and back, a total of 1,456 miles. And that was a short trip – in 2009, Perezluha rode his bicycle to Alaska and back. He has also won and set records at several racing events over the past couple years.
“Steven also has an excellent pedigree,” LaRoe said. “His uncle, Danny Chew, won the Race Across America in 1996 and 1999.”
Those wishing to also help support Perezluha’s Race Across America can contribute to his team by visiting his Donation Page at www.StevenPerezluha.com
International, Out-of-State Home Buyers in Central Florida Finding Great Values that Locals Often Overlooked, Roger Soderstrom Says
ORLANDO, Fla. --- International and out-of-state home buyers in Florida are finding great values that local home buyers are overlooking, says one prominent realtor.
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said international and out-of-state home buyers tend to look at Florida housing opportunities with un unvarnished eye.
“Floridians have been so inundated with how bad the market is that they’re overlooking that our market has bottomed out, and all of the great values that are now out there,” Soderstrom said.
Outsiders, including buyers from overseas, are finding a lot of Central Florida property priced well below property back home, and much lower than prices they may have experienced two or three years ago in Florida,” he said.
Luxury home specialist Dan Natoli agrees.
“Many excellent Central Florida homes are substantially undervalued, and the opportunities here are tremendous,” Natoli said.
“Sometimes, it takes an outsider to see the obvious, and that’s what is happening here. Some of the very best values are going to newcomers, international vacation home buyers and second home buyers,” Natoli said.
Natoli said the supply of undervalued properties is declining.
“The pool of listed homes for sale overall is declining,” Natoli said. “Currently, less than 11,000 homes are listed for sale in Central Florida and that’s the lowest in more than six years,” he said.
Natoli said some homes are seeing multiple offers for the first time in years.
“Stirling Sotheby’s is very aggressive in marketing homes to buyers throughout the U.S. and around the world,” Natoli said.
“In many cases we are creating markets for luxury homes and waterfront properties that are significantly larger than the Central Florida region,” he said.
About Stirling Sotheby’s International Realty
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com
Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty in Orlando, said international and out-of-state home buyers tend to look at Florida housing opportunities with un unvarnished eye.
“Floridians have been so inundated with how bad the market is that they’re overlooking that our market has bottomed out, and all of the great values that are now out there,” Soderstrom said.
Outsiders, including buyers from overseas, are finding a lot of Central Florida property priced well below property back home, and much lower than prices they may have experienced two or three years ago in Florida,” he said.
Luxury home specialist Dan Natoli agrees.
“Many excellent Central Florida homes are substantially undervalued, and the opportunities here are tremendous,” Natoli said.
“Sometimes, it takes an outsider to see the obvious, and that’s what is happening here. Some of the very best values are going to newcomers, international vacation home buyers and second home buyers,” Natoli said.
Natoli said the supply of undervalued properties is declining.
“The pool of listed homes for sale overall is declining,” Natoli said. “Currently, less than 11,000 homes are listed for sale in Central Florida and that’s the lowest in more than six years,” he said.
Natoli said some homes are seeing multiple offers for the first time in years.
“Stirling Sotheby’s is very aggressive in marketing homes to buyers throughout the U.S. and around the world,” Natoli said.
“In many cases we are creating markets for luxury homes and waterfront properties that are significantly larger than the Central Florida region,” he said.
About Stirling Sotheby’s International Realty
Stirling Sotheby’s International Realty is affiliated with Sotheby’s International Realty, the largest luxury real estate brand in the world. Stirling Sotheby’s exclusive services include luxury residential, new homes, commercial, property management, in addition to supporting builders, developers, lenders, and asset managers. The company operates three performance zones which serve all of Central Florida. Visit www.StirlingSIR.com
Dave Brewer Inc. earns first place Parade of Homes Award in $1.5 million-plus category
SANFORD, Fla. --- Dave Brewer, Inc., which ranks as one of the top custom home builders in the Central Florida region, was awarded first place for the $1.5 million category in the recent Central Florida Parade of Homes.
Matt Trask, vice president of Dave Brewer, Inc., said the French country style home offers four bedrooms, three-and-a-half baths with a four-car garage and 6,200 square feet of living space.
Trask said Dave Brewer, Inc. plans to enter the home in the upcoming Aurora Awards competition for design excellence.
The luxury home is located on Markham Woods Road in Longwood.
Matt Trask, vice president of Dave Brewer, Inc., said the French country style home offers four bedrooms, three-and-a-half baths with a four-car garage and 6,200 square feet of living space.
Trask said Dave Brewer, Inc. plans to enter the home in the upcoming Aurora Awards competition for design excellence.
The luxury home is located on Markham Woods Road in Longwood.
NAI Realvest negotiates new lease for Satellite Office of Palm Beach Investigations firm at Heathrow I
MAITLAND, Fla. – NAI Realvest recently negotiated a new lease agreement for 2,772 square feet of Class A office space in Suite 250 of Heathrow I at 250 International Parkway in the Lake Mary / I-4 corridor.
Thomas E. Hankins CCIM SIOR, principal at NAI Realvest, negotiated the transaction representing the tenant, Forensic Solutions, which is based Palm Beach Gardens. The forensic accident investigations firm who services the insurance industry, corporations and municipalities leased the space for its central Florida satellite office.
The landlord is Heathrow Equity I, LLC.
About NAI Realvest
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
Thomas E. Hankins CCIM SIOR, principal at NAI Realvest, negotiated the transaction representing the tenant, Forensic Solutions, which is based Palm Beach Gardens. The forensic accident investigations firm who services the insurance industry, corporations and municipalities leased the space for its central Florida satellite office.
The landlord is Heathrow Equity I, LLC.
About NAI Realvest
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 350 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
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