Indian River County Real Estate Statistics as of 9/27/06
As of today the number of active residential single family homes on the market is 2,496 representing a total listing price of $1,479,858,047. The number of active Condo's on the market is 988 representing a total listing price of $367,492,990.
The number of properties sold was 1,538 down from 2,266 for the same time period last year.
The Median price for Residential single family homes with 2 bedrooms or less is $167,500 up slightly from $165,000. Homes with 3 Bedrooms had median price of $240,000 down slightly from $245,000 and homes with 4 or more bedrooms had a median price of $359,950 down from $420,000 for the same time period last year.
The Median price for condo's was $179,000 down from $190,000 for the same period last year.
What does all this mean? It's a buyers market. With so many listings sellers are lowering prices to get properties sold and and after many years of the sellers setting the market conditions the buyers now have control.
Wednesday, September 27, 2006
It's a Buyer's Market
It's official. According to major news outlets and economist's it's a buyer's Market. What does that mean to you? If you have been looking purchase now is the time to get serious. First, if you need to get a loan, go to a local lender and get a commitment letter for the amount you can borrow. This shouldn't be confused with a pre-approval. Second, get a Realtor to start sending you properties over the internet and set up showing appointments. Sellers are waiting for reasonable offers and are willing to fix just about anything to get the deal done.
If you are Selling your property or thinking of selling you need to make sure you price it at a level that gets the buyers in your front door. Get a Realtor to do a Comparative Market Analysis (CMA) so you know what price you should be at. As everyone knows the first impression is the only impression. When they pull up to your house what they see will carrie over to the inside. If your yard doesn't have a nice curb appeal that critical first impression is gone. Once that buyer is in your house it better sparkle. Paint and fix all marks on walls, clean the carpet, wash the windows, get rid of clutter and by all means make sure it doesn't smell like the pets or last nights meal. Remember, buyers have many choices and time to look for several weeks if not longer to make a decision.
To read the latest go to: http://www.realestatejournal.com/buysell/markettrends/20060925-walsh.html?refresh=on
It's official. According to major news outlets and economist's it's a buyer's Market. What does that mean to you? If you have been looking purchase now is the time to get serious. First, if you need to get a loan, go to a local lender and get a commitment letter for the amount you can borrow. This shouldn't be confused with a pre-approval. Second, get a Realtor to start sending you properties over the internet and set up showing appointments. Sellers are waiting for reasonable offers and are willing to fix just about anything to get the deal done.
If you are Selling your property or thinking of selling you need to make sure you price it at a level that gets the buyers in your front door. Get a Realtor to do a Comparative Market Analysis (CMA) so you know what price you should be at. As everyone knows the first impression is the only impression. When they pull up to your house what they see will carrie over to the inside. If your yard doesn't have a nice curb appeal that critical first impression is gone. Once that buyer is in your house it better sparkle. Paint and fix all marks on walls, clean the carpet, wash the windows, get rid of clutter and by all means make sure it doesn't smell like the pets or last nights meal. Remember, buyers have many choices and time to look for several weeks if not longer to make a decision.
To read the latest go to: http://www.realestatejournal.com/buysell/markettrends/20060925-walsh.html?refresh=on
Tuesday, September 12, 2006
The Telegraph.co.uk
This is an article about Brits that buy in Vero Beach.
http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2006/09/09/opflorida09.xml
This is an article about Brits that buy in Vero Beach.
http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2006/09/09/opflorida09.xml
Friday, September 08, 2006
Tax rate cut in store for Vero property owners
By KEONA GARDNER keona.gardner@scripps.com
September 8, 2006VERO BEACH — A lower property tax rate is on the way for city taxpayers.
In a unanimous vote Thursday, City Council gave first approval of new rate of $2.14 per $1,000 of assessed property value, which is down from the 2006 rate of $2.29.
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The new rate would mean a property owner with a home assessed at $200,000 minus the $25,000 homestead exemption would pay about $374 in taxes, compared to about $400 at the current rate.
Last year, the council raised the property rate to $2.29 from $2.14 to help pay for expenses incurred after the 2004 hurricanes.
After approving a lower rate, the council, in a 3-2 vote, approved reimbursing former Mayor Mary Beth McDonald 60 percent of the money she spent defending herself against two complaints filed with the state Ethics Commission.
Vice Mayor Sabin Abell and Council members Ken Daige dissented, saying McDonald failed to submit an itemized bill, which the council had requested at its Aug. 15 meeting. Members said they couldn't approve paying the bill without knowing exactly on what they were spending taxpayers' money.
The council also made the payment conditional if McDonald would not file any more claims against the city and the City Attorney's office would create a criteria for future reimbursement claims.
McDonald originally asked for $10,000 but during the meeting, her Chicago-based attorney, Leo Athas, said about 60 percent of the $10,000 bill was for the ethics cases filed by former City Manager David Mekarski and former Vice Mayor Lynne Larkin. About 40 percent of the bill was for unspecified other work, Athas said.
City Attorney Charles Vitunac said he would have like an itemized bill but the work was done on a flat-fee basis and a detailed bill wouldn't be coming. Also, he said, if the council didn't pay the bill, McDonald could sue the city for reimbursement.
Council member Bob Solari, who along with Mayor Tom White and council member Debra Fromang agreed to pay the $6,000 bill, said the issue wasn't with the itemized bill but with following legal precedent the council started when it agreed to pay White's bill earlier this year.
Last year, the state Ethics Commission dismissed the complaints, saying McDonald's actions violated no law. The state Attorney General's Office has said elected officials can recoup expenses spent to defend themselves against complaints and lawsuits while they are in office — if they are cleared and the issue relates to their job duties.
source: TCPalm.com
By KEONA GARDNER keona.gardner@scripps.com
September 8, 2006VERO BEACH — A lower property tax rate is on the way for city taxpayers.
In a unanimous vote Thursday, City Council gave first approval of new rate of $2.14 per $1,000 of assessed property value, which is down from the 2006 rate of $2.29.
Advertisement
The new rate would mean a property owner with a home assessed at $200,000 minus the $25,000 homestead exemption would pay about $374 in taxes, compared to about $400 at the current rate.
Last year, the council raised the property rate to $2.29 from $2.14 to help pay for expenses incurred after the 2004 hurricanes.
After approving a lower rate, the council, in a 3-2 vote, approved reimbursing former Mayor Mary Beth McDonald 60 percent of the money she spent defending herself against two complaints filed with the state Ethics Commission.
Vice Mayor Sabin Abell and Council members Ken Daige dissented, saying McDonald failed to submit an itemized bill, which the council had requested at its Aug. 15 meeting. Members said they couldn't approve paying the bill without knowing exactly on what they were spending taxpayers' money.
The council also made the payment conditional if McDonald would not file any more claims against the city and the City Attorney's office would create a criteria for future reimbursement claims.
McDonald originally asked for $10,000 but during the meeting, her Chicago-based attorney, Leo Athas, said about 60 percent of the $10,000 bill was for the ethics cases filed by former City Manager David Mekarski and former Vice Mayor Lynne Larkin. About 40 percent of the bill was for unspecified other work, Athas said.
City Attorney Charles Vitunac said he would have like an itemized bill but the work was done on a flat-fee basis and a detailed bill wouldn't be coming. Also, he said, if the council didn't pay the bill, McDonald could sue the city for reimbursement.
Council member Bob Solari, who along with Mayor Tom White and council member Debra Fromang agreed to pay the $6,000 bill, said the issue wasn't with the itemized bill but with following legal precedent the council started when it agreed to pay White's bill earlier this year.
Last year, the state Ethics Commission dismissed the complaints, saying McDonald's actions violated no law. The state Attorney General's Office has said elected officials can recoup expenses spent to defend themselves against complaints and lawsuits while they are in office — if they are cleared and the issue relates to their job duties.
source: TCPalm.com
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