Foreclosures Harder to Find on the Treasure Coast of Florida
Below is an article from today’s Headlines – One that actually depicts REALITY! (It will certainly be in the Window Front Today) 
Short Sales on the other hand are increasing…. As judges in the Tri-County area slow down foreclosures, Banks are turning to Short Sales as a means of disposing “foreclosing” inventory. Quite Frankly with Bank of America (being my favorite… haha/right) a short sale is most likely easier to purchase than a Bank of America REO – This WILL BE another Blog to look for, you won’t believe what they are up to here.
So – Homebuyers, - still want to know when the bottom will hit? Start recognizing the decline in inventory as one factor in the equation (Inventories are no longer at on all time high) which indicates the peak is past.
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2011 Treasure Coast Foreclosure Sales
area / # sales / % change / % of all sales / price /% change
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Port St Lucie FL November Sales Year To Year Comparison
Sales from 2010 to 2010 decreased 16% while the Avg price decreased 14%. Perhaps the lower prices can account for the lower Days on Market. On the low end it is interesting to see how the List to Sales price (and keep in mind these are the true handyman specials) remained around the 50% mark. This must mean the banks are still trying to value the homes higher or are not paying attention to property condition. With more foreclosures to come into the Port St Lucie Real Estate Market next year, I fear we may continue to see a devaluation of our property. Let’s hope not though. At least lets home the number of homes increases to speed up our housing market recovery J.
The 50 Somethings…
Single Family Homes Sold in Port St Lucie from 49K-60K
I wanted to do a Market Report on the 50K price range most expectantly to see a serious decrease in solds from this year over last. Surprise… again the numbers don’t lie.. so even I have to drink the sour milk… (yuck)
2010 Homes Sold from 49K-60K Single Family in Port St Lucie 3/2 min
2011 Homes Sold from 49K-60K Single Family in Port St Lucie 3/2 min.
While there was a decrease…12% to be exact… I was expecting more like 35%. One the sunny side though… there was a DECREASE! Guess that is a step towards recovery or in the right direction anyway.
Some of you may be looking these over and wondering about the larger homes that went very cheap. Those can be attributed to either Chinese Drywall or our old nick name “Pot St Lucie”. So with more of those out of the way ..we can at least pave a path to Sunnier Florida Days.
p.s. Last time I was incorrect in my projected outcome was in college when I studied a comparison of articles relating to Welfare Reform in the Wall Street Journal and USA Today (this was around 1994) completely expecting Wall Street to be Conservative and USA Today completely Liberal…. Wall Street was more republican but USA Today was completely unbiased. In case you ever wondered….
Determining Market Value is a job for Realtors
The value of a home is determined by it's "Market Value". Market Value is defined as the
price a willing seller will accept and a willing buyer will pay for a property that has been exposed to the market for a reasonable length of time.
To determine Market Value you look at similar homes in the same area that have sold recently (preferably within the last 6 months). These are called "comparable sales." These are homes that compare closely to the one you want to purchase. They should be similar in square footage, number of bedrooms and bathrooms, garage space, lot size, and type of construction.
Finding comparable sales is easier if the home is part of a tract of homes where you are most likely to find the same models to compare against one another. If it is not in a tract if is often more difficult to find sales to compare to.
Real estate agents have access to the records of recent sales as well as descriptions of the homes that have sold recently. The agent will know how to properly interpret this data and adjust it to compensate for varying condition of the homes and any additions or variances on each property.
A Buyers Agent will provide you with all the data you need, interpret that data for you, and assist you in determining what to offer for a home.
In Port St Lucie, FL we use area numbers to group homes in the same geographical area. All comparable used to determine market value should be w/in 1-1.5 miles of the subject property. Unique homes can use more distant comparables with an explanation.
If you want to make sure you aren’t overpaying, ask your Realtor for the Comparables.
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A Seasoned Broker and Buyers Agent. We specialize in Resales, foreclosures, short sales, investments and new homes. We Service Port St Lucie, St Lucie County, Treasure Coast, Martin County, Palm Beach
St Lucie County's Premier One Stop Real Estate Shop. A Seaoned Brokerage, we offer Buyers Agents, Seller Agents, Commerical Real Estate. We Serve all of the Treasure Coast including St Lucie County, Martin County and Palm Beach County. We help with Resales, Foreclosures, Short Sales, Commericial, Investments and New Home Contruction. Welcome Center Realty has been a staple Brokerage in St Lucie County for over 40 years with the current location at 257 SW Port St Lucie Blvd serving the community since 2008. Gayle Beyer - Broker has been serving the Treasure Coasts' Real Estate Needs since 2002.
Buyers Broker - We specialize in helping Buyers locate the right home for them. From Foreclosures starting at $50K to Estate Homes we stay on top of today’s available inventory. We are knowledgeable experts about Port St Lucie, Fort Pierce, St Lucie County, St Lucie West, PGA, Torino, St James, Stuart, Jensen Beach, Palm City, Rio, The Falls, Sandpiper, Eagle Marsh, Pinecrest, Hutchinson Island, Martin County, Jupiter, Jupiter Island, Jupiter Inlet, Hobe Sound, Tequesta, Palm Beach Gardens, Royal Palm Beach, Wellington, West Palm Beach, Palm Beach County and all of South Florida Real Estate Markets
I have worked with Gayle Beyer in the Past and our client was very happy. The transaction went smooth, she knew her stuff and when it comes to New Homes I won't take my clients anywhere else to start. - Mike Doughty, Masters Real Estate (from when Gayle Beyer was with Mercedes Homes).
My situation was unique in that I wanted to provide a good home for myself/daughter and grandson but qualifying was not as simple for me. Welcome Center Realty found me the opportunity no one else could. I found a beautiful and spacious home, room for us all, with Owner Financing and very favorable terms. Now we all have room to live together and support each other in this new start for us. Helen Salas. 7/2011
I was beginning to think it was not possible to upgrade to a new home but Welcome Center Realty showed me how. After working with other realtors and losing money getting no where, I finally found the home I've wanted, got a great interest rate and loan terms through their network of professionals and am now enjoying a more comfortable life. Thank you Welcome Center Realty! Mr. Maldonado 8/2011
Hello Gayle - I am someone who does not typically like looking at Real Estate. However, it was your enthusiasm to help me get a property that was "right for me" rather than make a sale - that will make me want to refer others to you. You are quick keyed in to what I was looking for and diligently queued up properties for me to view. As a business professional myself, I was most impressed with your professional and friendly staff as well as the presentation folder you provided for each property of interest. Thank you again for all you did to find the right fit for me in terms of a property and house. Regards, - Marsa J. Sipes
“It is always a pleasure getting a call to perform a closing for Gail at Welcome Center Realty. Gail is always friendly, helpful and professional. Her clients are well informed and at ease. I highly recommend Gail Beyer and Welcome Center Real Estate.” October 22, 2011 Christy Church, President, Treasure Coast Document Services Inc.
worked directly with Gayle at Welcome Center Realty
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“Growing up in the real estate business in Port St. Lucie, I have worked with just about every agent/broker in the area, including Gayle. Gayle has always been one of the most professional, knowledgeable, and amiable professionals I have worked with.” October 17, 2011 Brad Colean, Captain of The Brad Colean Team, Colean Realty, Inc.
was with another company when working with Gayle at Welcome Center Realty
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was with another company when working with Gayle at Welcome Center Realty
“Gayle is a hard working ethical Broker.” October 3, 2011 Jeffrey Rubin, Broker, RESCUE FLORIDA REALTY
was with another company when working with Gayle at Welcome Center Realty
“Gayle is conscientious, honest and hardworking.” October 2, 2011 Mary Gibbins, Executive Assistant, Realtors Association of St Lucie
worked with Gayle at Welcome Center Realty
“Gayle is great to work with! She's professional and gets the job done!” September 30, 2011 tLyndee Bolin, Realtor, Coldwell Banker
worked with Gayle at Welcome Center Realty
“When a buyer is looking for a good buyer's agent, they can do no better than Gayle. Dr. Eugene R Gibbins” September 29, 2011 Eugene Gibbins, CEO/Broker/Owner, Gibbins Real Estate & Consulting, LLC
“Actually, I first met Gayle when she was with Mercedes Homes and I was immediately impressed with her knowledge and professionalism. I was very pleased when she opened her own real estate company. She and I worked together in Women's Council of Realtors where she demonstrated so many of the qualities that make her a successful business owner. She and I have never completed a real estate deal together, but we have shown each other's properties over the years, and she has proven time and time again that she is a real PRO. I look forward to working with Gayle for a long time.” September 27, 2011 Ron Albert, Realtor, Coldwell Banker Real Estate
worked with Gayle at Welcome Center Realty
“it is my pleasure to furnish a personal reference for Gayle. I have known Gayle for several years. During this time i have found Gayle to be honest, forthright, of high moral values and diligent in her real estate career.” September 27, 2011 Feliciano Higuera, REAL ESTATE BROKER, REAL ESTATE SOLUTIONS TODAY, INC was with another company when working with Gayle at Welcome Center Realty
“Gayle is recommended by us as an experienced and professional business person” September 27, 2011 Gordon Marchant, Owner, Florida Master Home Inspectors, Inc. was with another company when working with Gayle at Welcome Center Realty
“Gayle is someone who you can count on to get the job done” September 26, 2011zMichelle Belmonte, Mizner Grande Realty, Inc., Real Living Luxury Homes worked with Gayle at Welcome Center Realty
“Gayle always has her clients in her best interests. I would recommend her to anyone looking to buy on the Treasure Coast-Ed Miller” September 26, 2011 Top Qualitie: Great Results, Expert, High Integrity Ed Miller hired Gayle as a Real Estate Agent in 2009, and hired Gayle more than once
“Gayle Beyer is the epitome of professionalism, she worked tirlessly to provide results driven service to the letter. I was impressed from the moment I meet her to the finale day of closing. No other broker that I have ever worked with could provide the detailed service and proactive atittude that she displays on a daily basis. She is an expert at what she does coupled with the highest degree of intrapersonal skills. A true professional. D. Maldonado” September 26, 2011 Top qualities: Great Results, Personable, Expert Dom Maldonado,
hired Gayle as a Real Estate Agent in 2010, and hired Gayle more than once
“Gayle was a pleasure to work with. Whenever something was needed she as easy to get a hold of and got the job done. Maria Silva
Broker/Owner Master Key Realty Services” September 26, 2011 Maria Silva, Broker/Owner, Master Key Realty Services
was with another company when working with Gayle at Welcome Center Realty
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“Very trustworthy person and offers great services.” September 26, 2011 Top qualities: Personable, Expert, High Integrity Anya Narkhova, hired Gayle as a Real Estate Agent in 2006
“She is very in tune with the current market and does a great job helping people find homes in Port St Lucie. There was a few times when I had a new listing come on the market that Gayle was setting up an appointment to show it or she was calling me for more info on it within 24 hrs. I could tell she was aggressively looking for her buyers. We worked together on a deal and it went very smooth.Gayle is easy to get along with and gets the job done.” September 26, 2011 Denise Allen, Realtor, Florida Professional Real Estate was with another company when working with Gayle at Welcome Center Realty
“Committed broker, dedicated buyer's agent, keen negotiater, and the epitome of what a Realtor should aspire be like. Highly committed to customer service and her community.” September 26, 2011 Thomas Englert "Seeking Opportunities", Sales and Marketing Executive-Realtor, ReMax 100 Riverside/ Florida Professional RE was with another company when working with Gayle at Welcome Center Realty
“Gayle is very detail oriented and really knows the area. She has an extensive knowledge base to draw from and the work ethic to follow through on any task.” September 26, 2011 Debra B Albert, PA, Realtor, Keller Williams of the Treasure Coast
was with another company when working with Gayle at Welcome Center Realty
“Attention to detail with a professional attitude. Always keeping the client's interest first. Business with a smile!” September 26, 2011 stSharon Roselli,CDPE, CDPE, Realtor, Star Realty Services, LLC worked with Gayle at Welcome Center Realty
“I always know the status of my file when working with Gayle. She is a team player and plays the role of Transaction Broker perfectly, dealing honestly and fairly with her customers. There are no surprises when working with Gayle she keeps everyone informed. Janine Kowalski” September 26, 2011 Janine Kowalski. CRS,ABR,EPro, Real Estate Professional Port St Lucie, Coldwell Banker Res R E
was with another company when working with Gayle at Welcome Center Realty
“Gayle is truly a genuine and real person. She tends to her client with great care and personal attention. She is always thorough and professional and working with her is always efficient and pleasant.” September 28, 2011 Myles Minns Real Estate Broker West Palm Beach FL, Real Estate Broker/President/CEO, Continental Properties Inc (Real Estate Broker) was with another company when working with Gayle at Welcome Center Realty
“I worked with Gayle together at the Women's Council Of Realtors, we both volunteered our time as board members. Gayle is a go getter and strives to get things done quickly and efficiently.” September 27, 2011 Victoria Morhardt, Regional Sales Directory, Boston National Title
was with another company when working with Gayle at Welcome Center Realty
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