Real Estate News

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Real Estate News

 

17 Dec   bit.ly Tweet @DianaOlick Diana Olick @DianaOlick 16 Dec   www.cnbc.com Tweet @CareyFrankel Carey Frankel @CareyFrankel 16 Dec   bit.ly Tweet @nzshowhome Showhome @nzshowhome 16 Dec…
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ponte_vedra_beachIn an area that most people think of as built out and developed, the parking lots and wooded area owned by the PGA Tour may provide the last, large scale opportunity.  In heated discussions, the PGA tour is working for re-zoning and waivers against some popular protest. The PGA tour would like to combine all the parcels into one large 180 acre development. The different parcels do have approval for such projects as commercial use or 684 residential multi-family units (condos or apartments). Most of the disagreement is not about combining the parcels but the waiver of building restrictions such as sign heights and buffers for connecting properties. Further concern  are caused by there being no definite plan being made for the final development

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home_for_sale_on_computer

Standard Pacific currently has the following available in Nocatee:

Greenleaf Village

They have approximately 12 homes remaining in this community. There are 4 home designs to choose from in Greenleaf Village (Plymouth, Hamilton, Castleberry and Bethany). The model is the Hamilton. These homes start in the $300s.

 Greenleaf Lake

They have approximately 32 home sites remaining in this community to sell. There are 4 home designs to choose from in Greenleaf Lakes (Plymouth, Hamilton, Carina and Bethany). These homes start in the $300s.

Villas at Nocatee

The Villas at Nocatee are currently open for sale out of the Greenleaf Village model. They have approximately 83 home sites remaining in this community to sell. There are 5 home designs

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National Foreclosure Statistics Summary

Inventory is down 35% from June 2013. That is 32 consecutive months with year over year decline in foreclosure inventory. Florida is still ranked as #2 State with the Most Foreclosures.

Northeast Florida Distressed Property Summary

There are currently 681 distressed properties on the market in Northeast Florida. The average list price is $152,424. Banks are looking to move these properties fast. So we have seen a good number of these properties with a price reduction in the last 30 days. The average price reduction was 5.41% which is pretty hefty.

Luxury Distressed Property in Northeast Florida

Distressed properties do not mean non-luxury properties. The highest prices distressed home is on the

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5 Real Estate Predictions for 2014-2015

#1 Higher Interest Rates

The Federal Reserve is planning to end the purchase of treasury and mortgage-backed securities in October. Lawrence Yun expects interest rates to increase in 2015.

#2  Higher Inflation & Prices

NAR’s Chief Economist Lawrence Yun expects Consumer Price Index (CPI), which measures inflation, to increase 3.5 percent in 2015.

#3 Higher Housing Sales Expected from Pent Up Demand

The U.S. gained 34 million since 2000, but home sales were 5.2 million in 2000 and 5.1 million in 2013. The pent-up demand will eventually equate to additional home sales over the next few years, Yun says.

#4 Real Estate will continue to be a Great Investment

Real Estate investment

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new_construction_dealRichmond American Homes Summer Builder Promotion!

Up to $10,000 closing cost promotion, $0 loan origination fee and Up to $8,000 in select home upgrades*. This deal is only available on select homes that close by 9/30 & finance through HomeAmerican Mortgage Corporation.

Where is this deal available?

The Palms - Priced from the mid $500's in Ponte Vedra Beach. Hard to find new construction in Ponte Vedra Beach at this price. Sizes in this community fall in the 3100sf-4190sf range. Only 9 homesites and just off of A1A.

Old Sebastian Point - Priced from the low $200's with natural wetland setting. Homes range in size from 1560sf-3030sf and 3-4 bedrooms. Prized location in St. Augustine, FL 32084 & within biking distance to the shops along the

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june2013-42_400Not only do you get a loan with just 3.5% down but you will also be able to save around $10,000 over the life of the loan if you attend classes from the Homeowners Armed with Knowledge (HAWK) program before shopping for your home.

But that is not all!

2 years with no deliquent payments means another 15 basis-point reduction.

 

 

How does this work?

Home Buyers must take the class before signing a purchase contract for real estate. Additional classes will be needed before completing the sale. The actual savings will be in "50 basis-point reduction in upfront mortgage insurance and a 10 basis-point reduction in the annual premium cost. Upfront mortgage insurance premiums are 1.75% of the total loan amount, while annual monthly premium

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UPDATE: Schools are ready! Click the link below to visit the St. Johns County School page or Nocatee page.

St. Johns County School System

Nocatee

St. Johns County Attendance Zones

St. Johns County Master Calendar

Don't forget every one of our listing will listed the Schools for the property if provided in the mls. Just scroll down to see what is listed:

 

dooles-school13-01-111413-1267_400The new Nocatee Valley Ridge Academy was started last year but won't be finished before school starts. The same goes with Patriot Oaks Academy in Durbin Crossing.

Schools are to educate approxmiately 1,000 students for grades pre-K to 7th grade. Next year will be the addition of 8th grade to both schools.

The good news is the finishing touches needed at each school will not delay

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luca-at-siena-no-name-300x204Siena at Town Center

ICI homes will start model construction Fall 2014 for these mediterranean/tuscan style homes with tile roofs and ranging in size from 1,600 to 3,000sf. These are unique floorplans with rear alley garage entry.

Also unique to this location is being walking distance to shops, grocery store, restaurants and Nocatee's amenity center.

Nocatee's zoning for schools is always confusing. This particular neighborhood will be going to the A rated schools of Ocean Palms Elementary, Landrum Middle and Nease High School.

Give us a call or email if you would like to be on the list for this community.

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st_johns_duval_clay_county_best_rankings_florida_new_york_times

The New York Times reviewed six characteristics of each county:

  1. Education
  2. Median Household Income
  3. Unemployment Rate
  4. Disability Rate
  5. Life Expectancy
  6. Obesity

Northeast Florida Ranked from easiest to worst:

  1. St. Johns County
  2. Clay County
  3. Nassau County
  4. Duval County
  5. Baker County
  6. Putnam County

 

The map of the US shows a predominately "worse" ranking for the southeast along with some parts of Texas, California and Oregon. However, Florida has what looks like the most "easier to live in" counties in the immediate Southeast. And what county in Florida is topping Miami area, Tampa Bay Area, Orlando Area, Palm Beach and everything else in the state? St. Johns County. Unfortunately, the worst score in the

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