AUXO HOMES | May 2012 Newsletter

AUXO HOMES | May 2012 Newsletter 

Spring Is In The Air... and the real estate market is waking up from its winter slumber! Spring has always been a great season to start making deals. Not only is the market primed, but people are feeling better. Homes simply show better this season and we're ready to show you how to profit off of them.   

Did You Know? -  in Orlando

• Home inventory in Orlando is down 30% compared to last year.
  
• Home inventory in Orlando is down 65.5% since the height of the bust in 2007.
• In March of 2012 40.48% of home sales in Orlando were conventional while 33% were short sales and 26.51% were foreclosures.
• Home prices are up 12% from a year ago with a median price of $115,000.

Inventory is going down and the prices are going up in Orlando. This is what we like to see, but if you've been on the fence, it's time to jump in before it's too late.

Foreign Money Spends Well In Florida A recent study by DataQuick and Inman News shows that SW Florida is the spot international home buyers like the most. We've been over why this market is hot before, but it seems like the rest of the world now knows about it as well. This is great news as new money in the market means a bigger piece for all of us. 

 Top 10 markets for international home buyers according to the study:

1. Lakeland-Winterhaven, Florida
2. Cape Coral-Fort Myers, Florida
3. Orlando-Kissimmee-Sanford, Florida
4. North Point-Bradenton-Sarasota, Florida
5. Miami-Fort Lauderdale-Pompano Beach, Florida
6. Phoenix-Mesa-Glendale, Arizona
7. New York County, New York (e.g. Manhattan)
8. Honolulu, Hawaii
9. Tampa-St. Petersberg-Clearwater, Florida
10. Las Vegas-Paradise, Nevada

International buyers are aware that Florida is one of the world's premier vacation destinations, and it's on sale. When the French Riviera goes for cheap we'll all buy there, but until such time, Florida is the place. 

Prices are up 30% and builders are finally starting to bring new inventory to the market, which is good news for us all. It will take time for the international interest in Florida to wane, so with higher prices and more new inventory it's the perfect opportunity for us all to make great sales to international buyers.

 It's a great chance for savvy buyers, like our partners in across Canada, to take advantage of favorable international tax regulations to buy and sell profitable Florida properties. We're entering another one of those perfect windows of opportunity: prices are rising, interest rates are low, new international buyers are bringing new money to the market, and we are getting new inventory from builders again. 

We plan to take full advantage of the situation to build wealth. We hope you are going to do the same and will let us help you!

Sources: Inman News, Dataquick, RE/MAX
  
To Financial Freedom!

Samuel Kakembo
President and Founder of Auxo Homes  

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Real Estate Internet Resources

•  http://blog.topagent.com/ - Excellent charts and info on the market in SW Florida
• http://www.realestateoptimist.com/ - it may not be the prettiest blog out there, but David Welch does a great job of posting up to date stats and analyzing the market
• http://www.realtyinorlando.com/blog.php - Great blog with all sorts of insights on both the Orlando real estate market as well as info on the community