THE ADDISON RESERVE BUZZ
Dear Friends & Neighbors,
Good day from your favorite resident realtor team, Cherie & Larry Gross with Berkshire Hathaway Home Services Florida Realty, a team and company you can always depend upon, "The Power of Two."
YOUR TRUSTED PREMIER REAL ESTATE ADVISERS
| Comments From Friends & Neighbors
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Also love your jokes!"
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Thank you for supporting us! The best compliment we could receive is for you to refer us to your friends, family and co-workers. We are never too busy for our clients and their affiliates and thank you in advance!
THE HOUSING MARKET!
Fewer Homes for Sale Keeps Sellers in Control !
Ideally, the number of homes for sale would be equal to the number of interested home buyers. After all, an equally balanced housing market would mean no competition, no bidding wars, and no threat of spiking home prices. Unfortunately, that's not how it works. There are times when there are few buyers and more than enough homes, but other times when there aren't enough homes to satisfy buyer demand.
In the 2020 market, inventory is low. The number of available homes for sale was already lower than normal to start the year and the pandemic only made things worse. How much worse? Well, according to new data from the National Association of Realtors' consumer website, home inventory was down 36 percent in August year-over-year. And while there are some areas - like Las Vegas, San Francisco, and Orlando - where active listings are down as little as 11 percent, there are others that have seen inventory drop as much as 55.9 percent.
In short, it's a seller's market and will likely continue to be for the foreseeable future. That means, hopeful home buyers need to be prepared to act fast when they find a home that fits their needs.
|Will the Economic Rebound Continue this Fall?
|During the second quarter, the economy suffered the worst contraction since World War II. But the strength of the subsequent rebound has Fannie Mae's Economic and Strategic Research Group expecting further improvement. In fact, according to their latest forecast, the group believes that - barring a worsening of the coronavirus outbreak - the recovery will continue into the third quarter. |
Doug Duncan, Fannie Mae's chief economist, says the housing market will lead the way. "We believe housing will continue to be a sector with relative strength amid the larger downturn, as long-running supply constraints exacerbate demographic and interest rate demand-side factors that are supporting home price growth," Duncan said. "The recently observed increase in purchase demand is largely due to pent-up demand as buyers are acting now after delaying purchases in the spring." Additionally the ESR Group says that any regional coronavirus flare-ups are unlikely to lead to a further economic contraction and, instead, will result only in a temporary pause in the growth rate. Because of this, they've revised upward their forecast for home sales and mortgage originations this year.
As for our bi-weekly Addison Reserve real estate update, we now have 35 homes on the market for sale. Our prices range from $299,000-$2,650,000 of which 7 have Sports Memberships and 28 have Golf Memberships. There are 10 Estate homes on the market for sale and 25 Zero Lot Line homes.
All and all, it has been a fairly quite two weeks for Addison. Most buyers have put their shopping on the back burner temporarily due to the Jewish holidays, Rosh Hashanah and Yom Kippur and chose to spend as much time with their families as COVID would allow. In spite of the holidays, two homes managed to close. The first, on Casa Grande Way. This 3 bedroom/3.5 bathroom plus office home was asking $599,000. The second home is located at Porto Vecchio Way, also with 3 bedrooms/3.2 bathrooms plus office, southern exposure, lake & golf views, asking $1,325,000. Congratulations to all the buyers and we wish all the sellers much happiness, one of which is already a member in residence.
This week, again in spite of the holidays, we went under contract on a beautiful home located in Villa D'Este Way. This home was completely redone from top to bottom with 3 bedrooms and 2.5 bathrooms plus an office, with lake & golf views, asking $615,000.
As you can see, we are busy making deals for our clients and we are looking forward to the coming busy weeks. We are 2 New Yorkers, ready, willing, and able to get the job done as we have been doing since we started back in 2005.
If you would like to see any of the above mentioned homes, or any home here in Beautiful Addison Reserve, please call us. We work 24/7 just to guarantee your satisfaction. We will show you ALL the appropriate listings that fit your criteria! We feel that you are more than just a transaction. We value our relationships!
If you are thinking about listing your home, please think of us. We will bring you more prospective buyers than any other agents working in Addison Reserve. Please call us at 561-702-7828, we believe our clients deserve the best, and we intend on giving them just that. We know our market. We promise our uncompromised commitment! We live, breathe and work Addison Reserve. "It is easy to sell something that you love so much."
"GO WITH THE PROS"
"THINK ADDISON RESERVE,
THINK CHERIE & LARRY GROSS"
Let's prepare today for what we want tomorrow."
COME LIVE YOUR DREAM IN THE SUNSHINE!
"Are you thinking �� of selling your home. Let
Larry and Cherie help you get so much more with
Curb appeal ". We can help you get the Maximum "
Interior Staging Advice.
We have just that person!
"Face Lift Korner"
JUST A FEW ADDISON HOMES THAT WANT BUFF UP A BIT !!!
Click on Picture for Virtual Tour!
Beautifully Totally Updated Contemporary Home on a Magnificent Lot with Lake Views and Tropical Pool & Landscaping. 4BR/4.5BA+ Built-In Office w/3804 SF under air and all on 1 Level! Open Floor Plan w/Large New Gorgeous Kitchen & Open Family Room providing Super Views and Lots of Sunlight. Porcelain Flooring Throughout. This will not last long on the Market! Just bring your toothbrush!
A MUST SEE!
7572 Bella Verde Way
|LET US TICKLE YOUR FUNNY BONE!
NOW MORE THAN EVER WE NEED TO LAUGH !
JUST HAVING FUN
Join us at www.facebook.com/CherieandLarryGross and our weekly ad in The SunSentinel Newspaper. Visit us on The Addison Reserve web site, www.HomesBuyTheGross.com and over 250 other internet sites including Homes.com, Zillow.com & Google. Also you will see us in the New York Times, Wall Street Journal, Jetset Magazine, International Herald Tribune, Unique Homes, LuxuryHomes.com and LuxuryEstate.com. We are including International Language Conversions in 20 languages. Look for our ads on Facebook and YouTube. We have truly earned the nickname, "The Tenacious Team!"
Will will be seeing you soon in The Dining Room-Taste, our lounge-Styr, on The Golf Course, Tennis Courts, Card Rooms and of course, The Fitness Center and Pool.
What a great life here at Addison Reserve Country Club!
Thank you for supporting us! STAY SAFE !
Cherie & Larry Gross
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