International Sales key to Florida’s Housing Market

International real estate deals made up 8 percent of all existing homes sales in Florida over a one-year period ending in July 2013, according to Florida Realtors®’ recently released “2013 Profile of International Home Buyers in Florida.” By dollar volume, international real estate transactions made up 9 percent of sales over the same period.

The report is based on an annual study done by the National Association of Realtors® (NAR) in cooperation with Florida Realtors. A total of 977 Realtors responded to this year’s survey conducted July 9-Aug. 16, 2013.

For the study, foreign buyers were defined as non-resident foreigners – individuals who purchase property in the U.S. but live here only part of the year. These buyers typically use the property as a rental unit, vacation unit or both.

The international real estate market is important to Florida. Nationwide, 61 percent of all reported foreign sales take place in five states: Florida, California, Arizona, Texas and New York, according to NAR’s larger study on international homebuyer activity in the U.S. Of those five states, Florida has the largest share: 23 percent of national sales to foreign buyers closed in the Sunshine State.

For the 12 months ended July 2013, existing home sales in Florida – single-family homes, townhomes and condos – accounted for 327,350 transactions worth $74 billion dollars. Of that total, there were 22,572 transactions worth $6.4 billion dollars to foreigners.

Prices paid by non-resident foreign buyers tend to be higher than domestic buyers, though overall, international sales have been down due to the worldwide recessions, according to NAR.

Report highlights

  • Two in three (63 percent) of Realtors in Florida have international clients, compared to the national average of 27 percent.
  • Of the Realtors who have international clients, 33 percent (one in five state Realtors) said that international transactions made up 26 percent or more of their business compared to 12 percent of Realtors nationally.
  • 80 percent of surveyed Realtors said that international clients found Florida property less expensive than similar property in their home country. Overall, foreign buyers say the U.S. residential housing market provides a good value.
  • 31 percent of respondents say Florida’s percentage of international clients has increased in the last five years, compared to 21 percent at the national level.
  • Canadians lead the way (30 percent of total Florida international sales) as the largest source of buyers, followed by Venezuela (8 percent), Brazil (7 percent), and the U.K. (6 percent).
  • International buyers focused most of their effort in Miami-Miami Beach (21 percent of international sales in Florida), Orlando-Kissimmee (14 percent) and Fort Lauderdale (9 percent).
  • International buyers paid a median price of $216,477 for a home unit in Florida compared to the state’s overall median price of $144,074, and the U.S. median price of $187,483. In general, buyers from Brazil, Venezuela and Western Europe purchased above the median price.
  • 84 percent of international transactions are cash sales.
  • International buyers had a preference for detached single-family homes (47 percent of Florida foreign sales), followed by townhouses (11 percent) and condominiums (34 percent).

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If you know of anyone thinking about purchasing a holiday home/ vacation rental call us now for more information 941-266-3872

The C & G International Realty Team: Angela Cegnar/ Marty Garcia/ Nancy Curtis/ Theresa Shelley

Keller Williams Lakewood Ranch. Sarasota Real Estate Market


Keller Williams Real Estate is moving!

LAKEWOOD RANCH — The major partners in Keller Williams Lakewood Ranch, Paul Cornuke and Steven Dutoit, have purchased the former Neal Communities offices at 8210 Lakewood Ranch Blvd. for more than $1.3 million as part of a new venture.Image

Keller Williams is leasing the space and will move in beginning Thursday. The business partners purchased the building as Red Vette Ventures, LLC, drawing the name from Dutoit’s prized 1967 red Chevrolet Corvette.

“I always like to pick a name that’s cute,” said Cornuke, who was dressed for work Monday, hammering along with construction workers as they completed renovations on the building. “I have the tool belt on as we speak.”

They chose to purchase the building now because “we practice what we preach,” Cornuke said. “It’s the best time to buy so we felt this was a great opportunity, what with the timing of our lease expiring.”

Red Vette Ventures is leasing the building to Keller Williams.

Neal Communities relocated to 5800 Lakewood Ranch Blvd., just south of University Parkway, said Leisa Weintraub, vice president of marketing for Neal Communities.

The majority owner observed that the real estate business seems to go in five-year cycles.

“This has been an extreme

ly long down cycle and we are having a great up cycle starting now,” Cornuke said. “Agents are getting back into the business now because we are seeing the up cycle now.”

The pair said they chose the location because of its central location and surrounding beauty.

“It has beautiful greenery and landscaping, yet you can walk across the street to Starbucks. It’s heaven on Earth,” Dutoit said.

The new location is big enough to house about 300 agents and to offer a place for companywide meetings.

“We always want to have a desirable place for people to work,” Cornuke said. “We are almost fully occupied already. The majority of agents have a home office. We can provide an office atmosphere if they want to come in and check on the computer.”

Dutoit said he was drawn to the nature surrounding the Lakewood Ranch building.

“There’s 46 oak trees on the lot and a lake on the back of the property,” Dutoit said. “The conference room looks out at this beautiful lake. There’s a picnic area under the oak trees and we’ll be setting up a barbecue grill for office events. The land is timbered and we are upgrading the landscaping. It’s the kind of an environment where you go there and you don’t feel like you’re in a commercial space at all.

The current Keller Williams office is moving from the former John Cannon building on Professional Parkway, less than a mile away.

Siesta Key named one of the best beaches in Florida!


It’s one of the most picturesque places in town.  Its no wonder it has been rated as the #1 beach! The water is beautiful, and the sand is literally like walking in powdered sugar. One of the best places to spend a relaxing day by yourself, or with family and friends.  Check out this article  now , as Siesta Key is named one of the best beaches in Florida!















Under Contract in Less than 24 hours!!


5228 58th E Terrace, A Spectacular spacious family home was listed and within 24 hours, was under contract just above asking price!

Let us do the same for you now! call us @ 941-556-5030 or email us at and we would be more than delighted to help you in the sale or purchase of your home


5 DIY Tips for Home Staging on the Cheap



Your home’s been on the market for a while now, and you’re not getting any offers. Your real estate agent has suggested professional staging, but that’s just not in the budget. What’s a desperate home seller to do?

You might consider a staging consultation. Many home stagers will provide room-by-room assessments for homeowners, offering tips about paint colors, furniture placement, improving traffic patterns and more. Most consultations last about two hours and won’t break the bank at $150 to $250.

Or, you can use these five low-cost, do-it-yourself staging tips to create a space that sells:

No. 1: Cut the clutterhouseforsale219

Get boxes and tape, and start packing. Clothes, books, toys, extra pots and pans – pack up everything you don’t absolutely need during the next two or three months. Remember that potential buyers will be opening closets and drawers; if it looks like there’s not room for your things, buyers will assume storage will be tight for them as well.

Too much furniture can also make a space look cluttered. Your home will look bigger if it’s not jam-packed. Go through the house room by room and ask yourself what you can live without. See if your friends are willing to store your things until the house sells, or consider renting a short-term storage unit.

No. 2: Let the sunshine in

“I advise homeowners to open all their window coverings,” says Maureen Bray, owner of Portland, OR-based Rooms Solution Staging. “Don’t just open the blinds — raise them to the top to allow people to see the view and let in light. Home buyers love light, bright rooms.”

Of course, that means windows must be cleaned inside and out, and window sills need to be wiped down.

Got a view you’re not so crazy about showcasing? Consider blinds that can be angled to let in light, or hang sheer panels.

What if you have those heavy, expensive, custom drapes and valances that were popular 20 years ago? “Take them down,” says Bray. “You got your money’s worth out of them. Today’s buyers want light.”

No. 3: Clean, then clean some more

“I always tell people, ‘Clean like there’s no tomorrow.’” says Bray. “A really clean house gives buyers the impression that it has been well-maintained.”

Unfortunately, a one-time cleaning won’t do the trick. You’ll need to keep at it until your house sells. Knock down cobwebs, wipe counter tops, scrub grout, mop floors, wash light fixtures and repeat.

If cleaning bathtubs and wiping down baseboards is simply not your area of expertise, consider hiring a weekly cleaning service. Yes, it’s an investment, but if it shortens your selling time, it’s money well spent.

No. 4: Set the scene

Want buyers to fall in love with your house the moment they see it? First impressions matter. Your lawn must be mowed and edged, bushes must be trimmed, and flower beds must be weeded and topped with fresh mulch or bark. Add colorful flowers near the front door, either in flowerbeds or pots.

You’ll make your home even tougher to resist if you borrow or rent a power washer to clean grimy sidewalks, driveways, stairs and decks. Remember: You want everything to look fresh, fresh, fresh.

No. 5: Take new photos

Once you’ve decluttered, cleaned and planted flowers, take new photos of your home.

According to a 2011 survey, 88 percent of buyers say their home search relies, at least in part, on online listings. It’s important that the photos used in those listings and printed fliers reflect the improvements you’ve made to your home. Photos that showcase your decluttered, squeaky clean, curb-appeal-laden abode will appeal to a broader range of home buyers.


Housing may help give the economy a lift

NEW YORK – Nov. 9, 2012 – Lately, the housing market may be the one thing going right for the economy, Reuters reports. Several signs have pointed to a housing market in full recovery mode.

“Higher sales, prices and building, albeit modest so far, are a welcome boost as other drivers of the economy falter,” Reuters reports.

Unlike the “boom” years, housing has accounted for a small fraction of the gross domestic product in recent years. In 2005, it accounted for 6 percent, compared to 2.5 percent in the third quarter of this year.



Outdoor Solar Lights

Outdoor solar lights are bright ideas for exterior illumination. Find out how these energy-saving lights work and the many types that can make your nights shine.

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