Posts Tagged ‘Activity’

Kukui’ula Reports Strong Sales Activity and Announces New Club Bungalows

Thursday, September 12th, 2013


Kauai, Hawaii (PRWEB) August 21, 2013

Kukuiula, the first major new luxury community on Kaua`i in more than a decade, is in the midst of a busy 2013 with more than $ 16 million in sales transactions either closed, under contract or reservation. A total of 27 homes are completed and 12 homes are currently under construction, with additional construction starts planned in the remainder of the year. Several nationally acclaimed architects and builders have announced new projects at Kukuiula, bringing a diverse new collection of designs and inventory to the community.

Kukuiula recently unveiled the first phase of the Club Bungalows, a collection of ten one-, two- and three-bedroom cottages built by Scott Edmunds, CSE and Associates, and designed by Jeffrey Berkus Architects. The Club Bungalows will offer contemporary interiors, expansive floor plans and exceptional views of the Pacific Ocean. Located steps away from the communitys multi-million dollar Plantation House and Spa at Kukuiula, the Club Bungalows will provide prospective residents with another exceptional product within the Kukuiula portfolio.

“There will be more than 40 homes completed by the end of 2014 in Kukuiula,” said Kukuiula President Brent Herrington. “The interest demonstrated by nationally acclaimed builders and architects is a tremendous validation of our community.”

The Club Cottages at Kukuiula also opened to guests in November 2012, representing the first rental offering in the communitys Lodge Hospitality Program. Operated in partnership with The Parrish Collection Kauai, seven three-bedroom cottages are available for nightly rental and guests may enjoy the amenities and services of The Club at Kukuiula. Once this community is completed in 2014, it will feature a total of 15 cottages.

“With the introduction of the ultra chic Club Cottages at Kukuiula, combined with the highly personalized service from Parrish Kauai, hospitality on Kauai has been taken to another level. Guests love the home-away-from-home ambiance, refined interiors and just-next-door accessibility of the Club, with it’s premium amenities and facilities,” stated Jonathan “JP” Parrish, owner of The Parrish Collection Kauai. “These offerings set the Kukui`ula Club Cottages apart from other Kauai vacation rental options, and the demand for the cottages is exceeding owners’ expectations.”

Kukuiula currently offers a selection of ocean view custom home sites and plantation-style cottages ranging from 1,500 to 3,800 square feet, with cottages starting at $ 2.5 million and custom home sites starting in the $ 800,000s. The home sites provide the ideal opportunity for one-of-a-kind custom homes with panoramic ocean views.

While on property, residents and guests have access to extensive amenities. The Plantation House, offering sumptuous dining and refined relaxation, along with extensive pools and dazzling ocean and sunset views. Adjacent to The Plantation House is the Spa at Kukuiula, an elaborate 20,000 square-foot sanctuary featuring abundant opportunities for fitness, relaxation and rejuvenation. The Farm at Kukuiula offers a bounty of fresh produce that owners can pick for themselves or enjoy in the Clubs dining venues. The Golf Course at Kukuiula, a private 18-hole championship course designed by Tom Weiskopf, offers expansive ocean views and follows the natural flow of the land through the surrounding coffee fields, rolling hillsides and ocean bluffs of Kukuiula.

About Kukuiula

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Peak 1031 Exchange Inc.s First Quarter Analysis of Southern California Real Estate Activity Reveals Spike in Small Investor and Single Family Rental Transactions

Tuesday, May 28th, 2013


Woodland Hills, CA (PRWEB) May 23, 2013

First quarter analysis of regional trends in the industry indicates a significant increase in small investors favoring the 1031 exchange process as a means to defer capital gains taxes, states Kevin M. Levine, Executive Vice President of Peak 1031 Exchange Inc. (http://www.peakexchange.com). As Bush-era tax cuts ended at the beginning of 2013, we had anticipated a slowdown in activity as a result of heavy investor transactions at the end of 2012 to beat the deadline. To the contrary, our first quarter transaction volume shows a significant spike in 1031 exchange activity, especially among investors with strong positions in single-family residential income property.

Recent data affirms strong small investor activity in Peak 1031 Exchange Inc.s core Southern California market, with all-cash buyers in February alone accounting for 31.4 percent of the Southland homes sold, and 30.6 percent in March of this year. Despite strong acquisitions from REITs, institutional investors, and larger asset management firms in single-family properties for rental purposes, Levine comments, investors with much smaller portfolios found room to successfully participate in the market as well. Weve observed that many of the smaller investor shops utilized the Delayed Exchange in 2013 to quickly capture opportunities in an extremely competitive environment. The Delayed Exchange allows for the sale of an existing property, in which the funds are placed in a binding trust for up to 180 days while the seller identifies a similar property for acquisition and is allowed to defer capital gains taxes on the transaction. While analysts projected a slowdown in activity, Levine continues, our client base was extremely active in identifying single-family rental opportunities and leveraging their existing properties to seize on opportunities that would not be available later in the year.

Tight inventories in single family housing are causing a spike in values felt across the housing industry that could limit small investor participation, and Levine believes that those investors chose to act quickly on opportunities in light of the dwindling supply. We work with a savvy, nimble investor clientele that understood that the 1031 Exchange process could assist in mitigating severe tax liabilities as a result of the sunset of Bush era tax cuts, but concedes it could be a more difficult time ahead given the lack of single-family product available right now. However, Levines team has been working closely with investors and exploring the Reverse Exchange option. When the right investment opportunity does present itself to investors with access to available capital, states Levine, the assistance of a qualified intermediary can help them acquire the property immediately with 180 days to sell a similar property already a part of their portfolio. We anticipate being able to benefit this sector of the market with tax deferment strategies, regardless of the limitations of inventory.

Peak 1031 Exchange, Inc. is a leading national provider of tax-deferred 1031 exchange services, specializing in all like-kind transactions including Simultaneous, Delayed, Reverse, Improvement and Personal Property exchanges. It is part of the Peak Corporate Network (http://www.peakcorp.com), a brand representing a group of entities providing a comprehensive array of commercial and retail real estate services nationwide including mortgage lending, loan servicing, short sale services, foreclosure services, insurance, real estate brokerage and escrow services.







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Brisk Home Market Activity Noted in Rosedale Golf and Country Club Reports Sarasota Bay Real Estate

Tuesday, February 19th, 2013


Bradenton, Florida (PRWEB) February 14, 2013

The residential community of Rosedale Golf and Country Club mirrors the heightened activity of the home market in Bradenton, Florida, reports Sarasota Bay Real Estate. The full service real estate firm said that Rosedales plan for expansion this year has been accompanied by the recent surge in residential buying and selling interest in the gated golf community. There are at least at least five current pending home sales and four new sales listings in this neighborhood established in 1993, Sarasota Bay Real Estate said.

Sarasota Bay Real Estate recalled that as early as July last year, the Hunt Group, owner-developer of the Rosedale property, has been laying the groundwork for the expansion of the community. Site preparation work had been undertaken in a 237-acre portion of the 440-acre property to accommodate lots for 475 single family homes. These will be in addition to the 650 existing home sites, out of which only less than 30 are still available in the market. It was estimated that it will still take five to six years before this community is completely built out.

Property Improvements

The original plan was to add another nine-hole layout to the 18-hole Rosedale golf course. This plan was set aside, however, to give way to the additional residential sites and take advantage of the renewed home demand and declining inventory in the Southwest Florida residential market.

The present residents of Rosedale also benefited from the improvements which accompanied the expansion of the property. One was the addition of a second gate at the 44th Avenue side of Rosedale which enabled quicker transit to and from the Lakewood Ranch mixed development and nearby schools, business, and commercial establishments. The residential expansion will also eventually spread out the costs of maintaining the Rosedale country club over a larger base. Notably, the Great Recession has put a strain on the financial situation of many golf and country clubs because of declining memberships.

The original residential neighborhood in Rosedale was entirely built by the Hunt Group, but with the expansion, several site builders are coming in. One of them is Ashton Woods which is based in Atlanta, Georgia, and has been building for 10 years already in Tampa and Orlando. This builder also has a project in Sarasotathe 91-home Whitaker Parkits first development in Southwest Florida. For Rosedales new phase, Ashton Woods expects to build 140 residences.

MLS lists of Sarasota homes for sale typically include available Rosedale residences with asking prices in the $ 200s, featuring two to three bedrooms in their floor areas of between 1,800 square feet and 2,000-plus square feet. The most recent listings of properties in this golf community have tag prices in the $ 300s and the $ 400s, and floor plans of up to 2,500-plus square feet.

In addition to its Ted McAnlis-designed golf course, Rosedale prides itself with a 22,000 square-foot-clubhouse with superb facilities for socials and dining. The country club also has an athletic center with a junior Olympic size swimming pool, tennis courts, and bocce courts.

About Sarasota Bay Real Estate

Sarasota Bay Real Estate is a full service real estate brokerage in Sarasota Florida owned by Sarasota real estate broker, Christina Miller, and marketing professional, Roy Hunter. Together they, and their team of well-experienced agents, provide the best-in-class real estate marketing services for the properties in the companys inventory.

Sarasota Bay Real Estate Internet assets receive more than 1,000 visits from perspective home buyers a day due to the wealth of local community information published by the company. Through a direct feed from the Sarasota MLS, Sarasota Bay Real Estate publishes the most current real estate information on the Internet for the Sarasota, Florida, market.

Contact information for Sarasota Bay Real Estate can be found at SarasotaBayRealEstate.com







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Interinvestments Realty Announces Significant Sales Activity in Local Markets Has Launched South Florida as the Fastest Recovery Market in U.S. History

Wednesday, January 23rd, 2013


Miami, FL (PRWEB) January 16, 2013

The data gathered by Interinvestments Realtys research department indicates that the intense motion created by a sustained sales activity in recent months and a pent-up demand have contributed to price increases in the local real estate market, establishing South Florida as one of the most coveted areas to currently invest in. According to recent statistics presented by the Miami Association of Realtors, Miamis pending sales rose 52% in November compared to the same time the previous year. During the last twelve months, the local property values have increased eighteen percent, with 67% of all real estate transactions closed by international clients, of which 92% are cash-deals.

Most of the activity has come from Foreign Buyers taking advantage of the low prices, says Fabricio

Duarte, Interinvestments Realtys Listing Department Director. I foresee local buyers taking a more active role in 2013, primarily due to the new financing programs available and to the low mortgage rates.

The shadow inventory, which are the properties that are either in foreclosure and not yet been sold or homes that owners have delayed to put for sale on the market, until prices improve, will not impact the value of the market area. Many lenders have been slow to put their inventory up for sale, for fear to flood the market and drive prices down in a particular area, continues Duarte. I dont think that this will affect the market at all, as lenders are being careful not to create uncertainty in todays real estate market. Day by day, the inventories are reaching normal levels, therefore, prices slowly but surely, are going up, and any increase in shadow inventory will be absorbed quickly.

The national housing crash of 2006 hit at its hardest at a moment in time when South Florida was going through a real estate boom and a significant number of new luxury condominium developments were under construction or just being completed. This over-supply flooded the market creating an unprecedented opportunity to purchase luxury condominiums in prime locations at unbelievable prices. Still today, seven years later, we still have new-developers units scattered in the Tri-County area, which includes Miami-Dade, Broward and Palm Beach, adds Duarte.

The simple rule of supply and demand will continue to drive prices upward, says Rigo Plasencia, Sales and New-Developments Manager for Interinvestments Realty. The steady release of New-Development Communities and condos will add value and luxury to South Floridas housing market.

We dont view the current situation as a sales frenzy. We see it, as a steady adjustment back to a true market value and inventory level, continues Plasencia. Banks and large funds continue to have inventory that has not yet been released to the market. But the amount will not as significant as was previously anticipated, and they are doing an excellent job of managing the release of those properties onto the market.

We are very pleased to introduce the following properties. Each one represents a great investment and a potential for rapid appreciation due to its location, competitive prices and the latest standards in the new-construction market:

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Miami Association of Realtors Reports 52% Surge in Pending Sales Activity

Wednesday, January 9th, 2013


Miami, Florida (PRWEB) December 27, 2012

The total number of listings, including single-family homes and condominiums, that pended* in Miami-Dade County during the month of November increased 52 percent, from 2,226 to 3,374, year-over-year even though it was 19.1 percent less than the previous month, according to the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems. The number of single-family and condominium listings that pended in November increased 73.8 percent and 37.4 percent respectively compared to November 2011.

The Miami real estate market continues to perform robustly as it approaches a new sales record and exceeds one full year of significant price appreciation, said Martha Pomares, 2012 chairman of the board of the MIAMI Association of REALTORS. Strong market fundamentals in Miami offer sound and profitable investment opportunities. Population drives real estate, and Miami continues to grow as a result of net U.S. migration, trade, business enterprises, tourism and second and vacation homebuying activity.

Inventory shortage remains a problem for the Miami market, as the number of active listings drops year-over-year below what is considered a balanced market. While new listings are coming on the market, more inventory is needed to satisfy demand.

In November, 1,581 single-family homes and 2,382 condominiums were listed, reflecting a 3.1 percent decrease and 1.3 percent increase respectively when compared to November 2011.

Homeowners who have been waiting to sell should sell now, said 2012 MIAMI Association of REALTORS Residential President Patricia Delinois. Record demand is evident for Miami properties, creating an advantage for sellers. Therefore, when a home is priced right, it sells fast.

Sellers Offering Few Discounts

Limited supply coupled with rising demand is yielding offers that are increasingly closer to asking price, as sellers offer fewer discounts. In November, single-family home and condominium sales received 93.7 percent and 96.2 percent respectively of the original list price, compared to 91.9 percent and 93.3 percent in November 2011. The increase in percent of original list price received is an indication that rising demand is absorbing inventory more rapidly.

Nationally, the Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 5.2 percent to 104.8 in October from 99.6 in September, according to the National Association of Realtors. The index is 13.2 percent higher than the 92.6 index reported in October 2011.

Increased pending sales are an indication of increased future sales. A sale is listed as pending when a contract is signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

*Pended sales are defined as only the sales that pended during a particular month.

MIAMI Association of REALTORS

The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 25,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 100 international organizations worldwide. MIAMIs official website is http://www.miamire.com.

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