Posts Tagged ‘Prices’

Advance Realty Names Green Crown Energy As Its Energy Procurement Vendor to Help Control Gas and Electric Prices

Thursday, July 31st, 2014

Belleville, New Jersey (PRWEB) July 17, 2014

Advance Realty, a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J., has named GreenCrown Energy a leading full-service energy consulting company specializing in energy supply, cost reduction and turnkey cogeneration systems development as their energy procurement vendor.

Founded in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-used projects along the Northeast Corridor. Were proud to have been selected as energy advisors for such a highly respected organization, which includes a whos who of and high profile tenants and clients, said Paul Errigo, Director of Business Development at GreenCrown Energy. Certainly, one part of their continued success regardless of the economy has been their ability to stay on top of all facets of the real estate industry, including the wildly unpredictable energy market.

Errigo pointed out that in todays volatile energy market, it’s vital that real estate businesses or any business for that matter take preemptive action by securing the services of an energy advisory firm with a proven track record for negotiating outstanding electric and gas procurement contracts. “In teaming up with Advance Realty, our No. 1 objective is to not only help them secure the best possible electricity and natural gas rates over the long term, but make sure that any electricity or gas contract we bring to the table is uniquely suited for the requirements of any specific project or investment, he added. As many businesses discover the hard way, just having a negotiated rate in place isnt enough if it falls short of meeting their day-to-day energy requirements.

According to Kurt Padavano, chief operating officer at Advance Realty, GreenCrown Energy has had a very positive impact on the companys portfolio of real estate assets.

GREENCROWN Energy has been a valuable asset to Advance Realty Group because they truly understand how commercial real estate buildings utilize energy, and what is important for us when it comes to contract terms and conditions, Padavano noted. Not only are they able to secure excellent energy rates for electricity and gas, but they have identified and negotiated some key terms and issues in the contracts with the supply companies that we may not have otherwise identified or deemed important. Green Crowns expertise has been invaluable, and we highly recommend them.

For Advance Realty an established leader in real estate investment, development, management and sustainable green practices turning to energy advisors with the contacts and relationships to help control electricity and gas prices makes perfect business sense. Advance Realty has built its business on having an intimate market knowledge and an extensive network of relationships with investment and real estate professionals and property owners while they actively give back to the community, explained Green Crowns Errigo. Weve done the same thing in the electricity and gas arena with our relationships and industry expertise, all of which enable us to strike seemingly unheard of gas and electricity procurement contracts for our clients.

From real estate properties to hospitals, luxury high-rise apartment complexes, fitness centers, hotels, grocery stores, manufacturing facilities, healthcare and nursing homes throughout the east coast and elsewhere — Green Crown Energy is helping businesses throughout the country to retain control of run-away energy costs once and for all.

For a free consultation on how to cut your companys energy bills today, including multiple forms of gas and electric procurement programs, contact an energy adviser at http://www.GreenCrownEnergy.com or call 877-308-2727 x 116.

About the company:

GREENCROWN Energy is a full service, turnkey energy firm specializing in delivering the most viable and cost effective energy solutions to commercial properties nationwide, including energy procurement and a full array of Energy Conservation Measures (ECMs) with a specialization in Cogeneration Combined Heat and Power (CHP). We are also official partners of the US Environmental Protection Agencys Combined Heat & Power (CHP) Partnership.







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Miami Home Sales Increased 21.2% in Q3 of 2013 Increased Demand for Homes and Condos while Median Prices Soared by Double Digits

Friday, November 29th, 2013


Miami, FL (PRWEB) November 06, 2013

Following record breaking sales activity for nearly three years, the Miami real estate market saw unprecedented growth in the third quarter of 2013 as demand for local real estate and limited supply continue to fuel double-digit growth in prices, according to the 30,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems.

Sales, Listings of Homes and Condos Grew

There were 8,027 homes and condos sold in Miami-Dade County during the third quarter of 2013. This represented a significant 21.2% and 8.7% increase in the sales of homes and condos, respectively, compared with the same period in 2012.

The growth in home sales was driven by a remarkable 89.5% increase in home sales $ 250,000 to $ 299,999 and a 67.7% growth in sales $ 600,000 to $ 999,999 when compared to the same time in 2012. Meanwhile, condo sales were driven by the 50.8% growth in condo sales $ 250,000 to $ 299,999 and a similar surge of 46.9% in condos $ 400,000 – $ 599,999 relative to the third quarter of last year.

The surge in sales of Miami homes and condos is driven by a robust demand for real estate from international buyers from worldwide markets and large numbers of U. S. buyers from other states, said 2013 Chairman of the Board of the MIAMI Association of REALTORS Natascha Tello. The third quarter statistics reflect a significant strengthening of our local real estate market with more homes being sold faster than last year.

Nationally, total existing-home sales, including single-family and condos, rose 5.9 percent to a seasonally adjusted annual rate of 5.36 million in the third quarter from 5.06 million in the second quarter, and were 13 percent above the 4.74 million pace during the third quarter of 2012, according to the National Association of Realtors.

Statewide closed sales of existing single-family homes totaled 60,661 in the third quarter, up 17.3 percent compared to the year-ago figure, according to the latest housing data release by Florida Realtors. Closed sales of condominiums totaled 27,200, up 11.3 percent compared to 2012.

The Miami Associations initiatives to increase inventory and focus on assisting members to get more listings has made progress along with some additional distressed properties coming on the market. Home and condo listings also grew by double digits in the third quarter. There were 5,937 new single-family home listings during Q3, a growth of 15.3% relative to the same period last year. Meanwhile, new condo listings were stronger with an increase of 20.5% from 6,872 in Q3 2012 to 8,282 this year.

Median and Average Sales Prices Continue to Rise

In the third quarter, the median sales price for homes in Miami-Dade County was $ 230,000, an increase of 21.3% compared to last year and 12% relative to the previous quarter. The median sales price for condos rose 26.6% to $ 183,600 in the third quarter compared to the second quarter of 2013. Third quarter price increases mark seven (7) quarters of increases for both single-family homes and condominiums.

In addition, compared to last year, the average sales prices for single-family homes and condominiums increased 8.1% to $ 381,517 and 19.3% to $ 329,418, respectively.

Despite more new listings coming on the market, supply remains tight, particularly for properties in lower price points, for current level of demand for Miami properties, said 2013 MIAMI Association of REALTORS Residential President Fernando I. Martinez. Robust sales will continue to drive price appreciation in the Miami market.

Nationally, the median sales price of existing single-family homes was $ 207,300 in the third quarter, up 12.5 percent from the third quarter of 2012. The national median sales price for condominiums was $ 205,400, a 15.1 percent increase over the previous year.

The statewide median sales price for single-family existing homes in the third quarter was $ 175,000, up 18.6 percent from the same quarter a year ago. The median sales price for condominiums in Florida was up 23.8 percent compared to the same quarter last year at $ 130,000.

Percentage of Cash Sales Declines

In the third quarter, 59.3 percent of closed sales were all cash compared to 63.3 percent a year ago. All cash sales were 45 percent of single-family home closings and 71 percent of all condominium sales. Since nearly 90 percent of foreign buyers pay cash, this reflects Miamis position as a top market for foreign buyers. Miami has a significant percentage of international buyers, generating many more cash transactions than the national average.

Home Inventory Moving Rapidly Despite More New Listings

Homes were sold much faster during the third quarter of 2013 compared to the previous year. The median duration of a home listing during the last quarter was 37 days compared to 43 days during the same period last year, a significant decrease of 14%. Meanwhile, condo listing durations were comparable to 2012 figures at a median of 46 days compared to 43 last year.

Total third quarter active listings in Miami-Dade County totaled 14,273, representing an increase of 14.2 percent. At the current sales pace, this reflects 4.9 months of inventory for single-family homes and 6.3 for condominiums. Months supply of inventory declined 12.5 percent for single-family homes and increased 11 percent for condominiums compared to the third quarter of 2012.

3Q Miami-Dade Statistical Reports

Single-Family Homes: http://goo.gl/b5bAI9

Condominiums: http://goo.gl/9ptrbt

Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.

About the MIAMI Association of REALTORS

The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 93 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 30,000 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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Austin, Texas Real Estate Breaks Records, as Sales and Prices Increase, According to the Austin Home Search Leaders at Regent Property Group

Wednesday, August 28th, 2013


Austin, Texas (PRWEB) August 21, 2013

Austin home search brokerage Regent Property Group announces median year to date sold home prices are over $ 28,000 higher in Austin, Texas than this time in 2012, with over 700 more homes selling in this time period compared to last year. With a median year to date sold price of $ 261,900 last year, and a median year to date sold price of $ 290,000 in 2013, most buyers are paying over ten percent more for comparable Austin homes in the span of just one year.

Additionally, the Austin Board of REALTORS

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Greater Fort Lauderdale Realtors

Tuesday, July 9th, 2013

FORT LAUDERDALE, FL (PRWEB) July 04, 2013

The median sale price of existing single-family homes in Broward County rose 22.6 percent to $ 255,000 in May from $ 208,000 in May 2012, which continues to be supported by a rising demand for housing as reflected by the year-over-year 28.2 percent drop in months supply of inventory and the 25.6 percent decline in median days on market for existing single-family homes, according to statistics released today by the Greater Fort Lauderdale Realtors

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Miami Association of Realtors Reports Miami Home Sales Surge, Prices Rise 12 Consecutive Months; Miami Headed for another Record Sales Year

Sunday, December 23rd, 2012


Miami, Florida (PRWEB) December 20, 2012

Miami home prices have increased each of the last 12 months as a result of strong demand and very tight supply, according to the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system.

Despite very limited inventory, Miami-Dade County residential sales surged 23 percent in November compared to a year earlier. The sales of existing condominiums in Miami-Dade increased 19.8 percent, from 1,139 to 1,365. Sales of single-family homes increased 26.2 percent, from 802 to 1,012, year-over-year.

It appears the Miami real estate market will set another record in 2012, exceeding sales levels at the height of the boom in 2005 and during the all-time record in 2011, said 2012 Chairman of the Board of the MIAMI Association of REALTORS Martha Pomares. Considering the shortage of housing inventory available, it is remarkable that sales remain this strong. This record demand coupled with extremely limited supply is driving strong and consistent price appreciation.

Statewide sales of existing single-family homes totaled 17,072 in November, up 24.4 percent compared to a year ago. Statewide condominium sales totaled 8,079, up 18.3 percent from November 2011. Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops rose 5.9 percent from November and were 14.5 percent higher than they were in November 2011, according NAR.

Evident Demand Continues to Fuel Strong Appreciation

Miami home prices rose again in November, marking 12 consecutive months of appreciation for both single-family homes and condominiums. The median sales price of Miami-Dade condominiums, which has increased each of the last 17 months, rose 31.7 percent to $ 158,000 compared to a year earlier. The median sales price of single-family homes rose 15.9 percent to $ 195,000.

In November the average sales price for condominiums in Miami-Dade County increased 22.9 percent to $ 285,512. The average sales price for single-family homes increased 17.4 percent to $ 377,918.

Florida and U.S. Home Prices

Statewide median sales prices in November increased 11.2 percent to $ 150,00 for single-family homes and 23.2 percent to $ 112,000 for condominiums, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The national median existing-home price for all housing types was $ 180,600 in November, a 10.1 percent increase from November 2011, according to the National Association of Realtors (NAR).

The Miami markets robust performance offers opportunities for both buyers and sellers, said 2012 MIAMI Association of REALTORS Residential President Patricia Delinois. While prices are rising, Miami remains more affordable than most U.S. markets and other world-class, global cities. Sellers are recovering significant equity lost during the downturn, resulting in greater profits.

Inventory Shortage Persists

Over the last year, the inventory of residential listings in Miami-Dade County has dropped 19 percent, from 14,641 to 11,862. Compared to the previous month, the total inventory of homes increased 1.5 percent. Currently, there are 4.1 months of supply of single-family homes and 4.6 months of supply of condominiums in Miami-Dade. Total housing inventory nationally decreased 3.8 percent at the end of November and was 22.5 percent below year-ago levels, representing a 4.8-month supply at the current sales pace.

Median Days on the Market

Properties are selling much more rapidly in the current market than they did a year ago. The current median days on the market is only 43 for single-family homes and 51 for condominiums, compared with historic averages of 90 to 120 days on the market. These are respectively 12.2 percent and 1.9 percent decreases year-over-year. Nationally, the median time on the market was 70 days.

Distressed Sales Decrease

Strong demand for bank-owned (REO) properties and improved processing of short sales continues to yield absorption of distressed listings and to contribute to price appreciation. In November, 43.4 percent of all closed residential sales in Miami-Dade County were distressed, including REOs (bank-owned properties) and short sales, compared to 56 percent in November 2011 and 47.4 percent the previous month. Nationally, distressed homes accounted for 22 percent of November sales, down from 24 percent in October.

Cash Sales Reflect Strong International Presence

In Miami-Dade County, 63 percent of total closed sales in November were all-cash sales, compared to 64 percent in November 2011 and 63.7 percent the previous month. Cash sales accounted for 45 percent of single-family and 75.3 percent of condominium closings. Nearly 90 percent of foreign buyers in Florida purchase properties all cash. This reflects the much stronger presence of international buyers in the Miami real estate market by comparison all-cash sales nationally accounted for 30 percent of transactions in November, up from 29 percent the previous month; they were 28 percent in November 2011.

Note: Statistics in this news release may vary depending on reporting dates. Statistics reported by MIAMI are not impacted by NARs rebenchmarking efforts. MIAMI reports exact statistics directly from its MLS system.

About the 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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