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americanpropertiesnj-blog · 6 years ago

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Buy a Home in Burlington That Enhances Your Quality of Life

Buying a home is like starting a new chapter in life’s book. This new step needs courage, patience, knowledge and lots of money. Home purchasing is may be the biggest transaction of your life and the location and size of your home can have great impact on your quality of life. Finding the right place is one of the crucial steps in home buying process which includes several steps. Traditions at Chesterfield is successful community in Burlington, NJ offers stunning home with advanced features at premium location, upgrade your living standards at affordable prices. Consider these simple steps to find the home that’s best for you and your family.

Evaluate Your Situation

The first thing you need to do before starting the home buying process is assessing your situation. This is very important because it lets you know what you want and what you can afford. Lists are an excellent assessment tool so make a list of everything you want in your home. your list should comprises logical aspects such as quality of schools in the area, proximity to your job, neighborhood etc. find out whether the area you’re considering to buy offer these basic necessities. Go ahead and make a list of your desires but keep in mind that you may not be able find each and everything on your wish list so, be flexible and prepare yourself to make compromises. If any property fulfills the high priority checks then you can compromise on less important things.

Traditions at Chesterfield guide you from beginning to the end and find you a home that suits your demands and meet your budget limit.

Location Matters a Lot

The location of your home matters a lot! It’s possible to upgrade or change interior and exterior of home but you’ve no control to change the location. In home buying process it’s imperative that you focus your home search to a location that you can consider ideal. Finding a great location is important so it’s better to seek assistance from real estate professionals because the location of your home complements your and your kids’ lifestyle. Expert real estate agents can guide you to an area that fits in your budget as well as your current and possibly future needs.

Choose Traditions at Chesterfield as your perfect home partner, introduce you to the desirable location in Burlington County, NJ where everything is within your close proximity. Nearby community amenities, highly-rated school, parks, playground and number of recreation improves your quality of living.

Your Personal Preferences

You can increase your quality of life with the home that suits your personality. You feel free to do different things in your home. For example if you’re shy person and want to stay away from city noise and close neighbors, you need to buy home in rural settings. On the flip side social person or party lovers should buy a condo or townhome in the city with amenities such as tennis court, pool or exercise room. Furthermore, in case you’re looking for a home to meet your downsizing goal, concentrate your search to areas that support healthy aging. Such places conducive to outside walks, social events within community and different interior features that increase safety within the home.

Traditions at Chesterfield offers wide range of home designs from luxury Garden homes to detached Single Family homes and low maintenance Townhomes. Number of personalization options is available to make your home truly yours. You can choose that suits you best!

Size Matters

Your home is your personal retreat. Home reflects the residents’ personality so, your home should support your lifestyle and be compatible with your personality. The size of home matters a lot! Biggers homes typically more expensive to maintain. Large homes require more upkeep and cleaning time. If you and your partner are office workers, you probably don’t have enough time to clean or maintain big homes. You don’t want to spend your weekends by taking care of house. Similarly if you have small family or you’re along living in gigantic home makes no sense. No need to suffer in small congested house if you’ve big family and you can afford. Buy according to your requirements and budget limit. Purchasing within your budget will comfortably leave money in the budget for pleasurable activities that enhance your living standards. Buying a perfect home is an investment that can improve your quality of life.

Improve your living standards with NJ’s topnotch community of townhome, single family homes and luxury garden homes.

About Traditions at Chesterfield

Stunning community offered by NJ most experienced and trusted brokers American Properties Realty, Inc. at premium location of Chesterfield, voted as “#1 best place to live in Burlington” by Philadelphia Magazine. Enjoy the ideal living at beautiful Traditions at Chesterfield blends country charm with family-friendly environment within 500-acre Old York Village. Being a planned Smart Growth community, we ensure there’s a guaranteed preservation of land in the remainder of the township for years to come!

About American Properties Realty, Inc.

American Properties Realty, Inc. is privately owned real estate Company that develops, attains and accomplishes real estate properties all across the New Jersey. We are licensed real estate brokers working in the business for more than 40 years. American Properties is the creator of many award winning communities and with the help our associates or affiliated companies we successfully build more than 15,000 homes.

#chesterfield new construction #property for sale chesterfield #Burlington NJ houses for sale #new houses for sale chesterfield

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cathrynstreich · 6 years ago

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Finishing First: High-Ranking Teams Unite in Vermont

When Carol Audette and Steve Lipkin decided to team up, each had established, individually successful teams, with impressive marketshare to match. Audette’s career in real estate spanned 30-plus years; Lipkin’s, 20, specializing in the multifamily sector.

At the beginning of the year, the two united, forming the highest-producing team in Vermont, combined garnering more than $119 million in sales volume, according to data from their MLS from the past year.

Now, with energy and focus, The Lipkin Audette Team—16 members strong—is charting a course for long-term success, leading the market in Northwest Vermont, including Chittenden County, where Burlington is the county seat, and Addison, Franklin and Grand Isle counties. Audette and Lipkin, along with Luke Clavelle, Lipkin’s business partner, and nine other REALTORS®—plus administrative staff, including a closing coordinator—cover the residential side, as well as investment and land sales.

“Our two teams have been working collaboratively for over a year,” says Lipkin, who discussed the merger recently with RISMedia. “Merging our businesses to expand the services and expertise we offer our clients was the logical next step.”

Suzanne De Vita: Steve, what was behind the decision to join your two teams? Steve Lipkin: I’ve been at it for 20 years with a laser focus on Burlington, the largest city in Vermont, but also on multifamily apartment buildings—Burlington is a big college town, so there’s a strong market for those. We have nearly 50 percent marketshare in that class, and we were maxed out. There’s only so many apartment buildings that trade, and as our team grew, we wanted to expand our opportunities.

Carol is a 34-year veteran, and had grown a team, as well. She was looking to partner up with a team that would continue on the tradition she’s had of excellence. It was a great fit for the two teams—and for us, to differentiate ourselves, to expand to residential and, geographically, into the four different counties.

SD: You’ve been affiliated with Coldwell Banker Hickok & Boardman Realty since 1998, and Carol affiliated with the brokerage in 2010. How did the firm support your teaming up? SL: They were absolutely fantastic. You can’t even imagine all the nitty-gritty details that are involved in rebranding and getting all of our different systems integrated together. The owners and management at Coldwell Banker Hickok & Boardman has been so supportive��we’ve got a full-time IT guy who’s dedicated so much time and expertise, we’ve got a full-time marketing team…they’ve really been a great partner.

It’s a ton of work upfront, and it’s been over a year in the works. There’s been so much hands-on work from both Coldwell Banker Hickok & Boardman and our agents and staff, especially our key administrative team, Sue Mathieu, Keeley Painter and Dawn Harvey. Combined they have over 60 years of experience, so they have the best systems down pat. It’s been a terrific collaboration, and it’s been well worth it.

SD: Now that you’re combined, how will you determine who fits with the new team? SL: First and foremost, it’s got to be the right personality, the right values and the right cultural fit, because we’re a really tight-knit family that needs to get along and trust each other. That’s why this merger was such a great fit. In terms of skills, certainly we want to have the best educated and the best salespeople out there in the industry. Some of those will be veterans who have the experience to do it; the others are new agents who will embrace the systems we have. There’s pros and cons to both.

SD: What about integrating new technology/tools? Who’s the decision-maker on the team? SL: Our sales manager, Brian Racine, takes the lead on that, and then if it looks worthy, we huddle up and meet. It’s a collaborative process. We respect and want to get feedback. We run everything by the team to make sure it’s the right fit.

SD: With the merger, it’s been a busy start to the year for you. What’s next for the team? SL: Ultimately, we’d like to grow—but for now, we’re going to hunker down and get our systems down pat and the merge underway. 2018 was a great year for both teams—the Lipkin Team was the No. 1 team in Vermont based on sales volume, and the Carol Audette Team was one of the top three teams in Vermont based on number of closed sales. Our combined team is looking forward to a fantastic 2019. The sky’s the limit!

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at [email protected].

The post Finishing First: High-Ranking Teams Unite in Vermont appeared first on RISMedia.

Finishing First: High-Ranking Teams Unite in Vermont published first on https://thegardenresidences.tumblr.com/

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alfredrserrano · 7 years ago

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These are the top leasing brokerages in the country’s four major markets

New York City

Property owners seem to be willing to get a bit unconventional these days to keep rent payments rolling in amid the ongoing waves of store closures.

Indoor amusement parks, doctors’ offices, movie theaters, gyms and even discount stores — once considered undesirably downmarket — are plugging holes in vacancy-riddled shopping centers and storefronts as rents decline, leases shorten and concessions spike, brokers and owners say.

The Real Deal’s ranking of the top leasing deals and brokerages in major markets in the U.S. reveals that, despite efforts by national firms to boost their retail teams in recent years, the marketing of stores is still largely a local game outside of Los Angeles and New York City. “We’re all trying to do the best we can,” said Marty Shelton, an L.A.-based broker with NAI Capital, the second most active retail leasing brokerage in L.A. County, with 718,825 square feet rented over the past 12 months, according to TRD’s analysis.

To rank the top brokerages in leasing for Chicago, Miami, L.A. and New York, TRD examined data provided by commercial real estate services firm Lee & Associates NYC on new retail leases and renewals in those markets from April 2017 to March 2018. Brokerage leasing totals and deals were shared with the firms, which were given the option to submit additional information.

Josh Strauss

New York

The country’s most populous city, which is also a major draw for tourists on shopping sprees, has not been insulated from the retail collapse. Once-vibrant shopping districts in Manhattan — like Fifth Avenue, Madison Avenue, Soho and Bleecker Street — continue to be pocked with empty storefronts.

As in other U.S. markets, the list of top New York leases over the past year includes many tenants in the business of offering “experiences,” a heavy-in-rotation retail buzzword.

To wit: The largest deal of the last 12 months was Equinox Fitness’ renewal of its nearly 66,000-square-foot, two-level space at Midtown’s One Park Avenue, a 22-story, full-block office building at East 32nd Street majority-owned by Vornado Realty Trust. The deal, which was handled in-house by Vornado, closed last spring.

Similarly, Chelsea Piers, the vast Manhattan sports complex, leased a 52,000-square-foot, two-level space at 33 Bond Street, a new 25-story rental in Brooklyn from developer TF Cornerstone. A 25-yard pool, yoga studios and a cafe will be included the property, which earned a fourth-place finish. In the transaction, the landlord was represented by Winick Realty Group, the fourth most active retail brokerage in New York, with 547,000 square feet under its belt.

Even though New York sees tens of millions of visitors a year, retail in tourism-rich districts like Times Square — including restaurant concepts that are performing well in other markets — has also struggled, brokers say.

(Click to enlarge)

At 11 Times Square, an office tower developed by SJP Properties on West 42nd Street, two high-profile restaurants collapsed after about only a year: an offering from Señor Frog’s, a national restaurant chain; and Urbo, a farm-to-table eatery.

“Times Square is actually under-restaurant-ed,” said Joshua Strauss, an executive vice president with RKF, which markets the tower. “But if you don’t have an offering that’s compelling, no one is going to come.”

Now 11 Times Square will serve up a 48,000-square-foot, three-level virtual-reality-themed indoor amusement park from the film studio Lionsgate. The first of many planned across the country, the attraction will draw on movies and TV shows like “The Hunger Games” and “Mad Men.”

The asking rent on the 20-year lease, which includes options to renew, was $8 million a year, “and we got close to it,” Strauss said.

SJP is offering an unspecified amount of free rent while Lionsgate and its operator, Parques Reunidos Group, extensively renovate the location, which will open in 2019. “Experience is driving retail,” Strauss added. “It’s not just a fad. It’s the wave of the future.”

In terms of the present, RKF is New York’s busiest retail brokerage, with more than 1 million square feet leased in the last 12 months, according to TRD’s analysis of data, which was provided by Henry Abramov from Lee & Associates NYC. RKF seems to be that rare national firm with regional dominance, even though the 20-year-old company’s roots are in Manhattan.

Other national players with similar clout in New York include Cushman & Wakefield (No. 5 with 523,000 square feet) and Newmark Knight Frank (No. 6 with 431,000 square feet).

But local firms have also finished strong, like Winick, as well as Ripco Real Estate (No. 2 with about 872,700 square feet).

Ripco had a hand in the city’s second-largest retail deal, the lease of about 57,000 square feet in the Hub section of the Bronx by Burlington Coat Factory, now known as just Burlington after an early-2017 rebranding. Located in a bustling shopping district, the store is owned by A&H Acquisitions, a retail-focused developer helmed by longtime retail investor Alex Adjmi. Ripco repped A&H; CNS Real Estate was the agent for Burlington.

“It’s in a terrific transportation hub, close to the subway and buses,” Cliff Simon of CNS told TRD last summer about the deal. “It’s an old historic shopping street with great density.”

Burlington, a rapidly expanding discount apparel chain with about 640 stores in 45 states, also took 55,000 square feet in Kings Plaza Shopping Center, a mall in Mill Basin, Brooklyn, owned by Macerich. Other tenants at the mall, which opened in 1970, include Old Navy and H&M. The Brooklyn Burlington lease, which is for 10 years and has three options for extensions, was the third-biggest transaction last year.

Los Angeles

L.A. County is tightly focused on making sure the bottom doesn’t fall out of the retail leasing market.

To accomplish this, the sprawling metropolis is thinking small. Tenants continue to experiment with pop-up stores, flocking to small spaces of less than 10,000 square feet that come with leases of just a few months. These short-term deals are trending at the same time that there’s an increase in calls to brokers from tenants asking how they might lower their rents, though those efforts are usually unsuccessful, brokers said.

Large-scale retailers are also shrinking footprints to appeal to the tastes of millennials — who reportedly dislike cavernous stores — and to save on real estate costs, which are of particular concern in booming L.A.

As large retailers see upticks in their e-tailing businesses, vast brick-and-mortar locations are less important anyway, said Shelton of NAI Capital, citing the example of Target, which usually occupies 150,000-square-foot stores and as of press time was still looking for a 22,000-square-foot berth in the Hollywood neighborhood.

Similarly, Kohl’s, a department store chain, closed several locations across L.A. in the last two years, in part, according to news reports, to save on expensive leases.

One of Kohl’s closed locations in San Gabriel will welcome what appears to be the first California outpost of the British grocery chain Asda in what was the fourth-largest lease in the county over the last 12 months. Asda entered into an 80,000-square-foot sublease deal brokered by Colliers International, the fourth most active L.A. County retail leasing brokerage, according to TRD’s ranking, with nearly 345,000 square feet rented.

(Click to enlarge)

Like Colliers, CBRE — which is No. 1 in L.A. with nearly 1.6 million square feet leased — is a national firm. But West Coast agencies are also active, like NAI Capital, in second place, and Centers Business Management, which is focused on shopping centers and took fifth place with 343,000 square feet.

It’s important to note that TRD’s brokerage ranking, which does not include numbers of deals, does not tell the full story when it comes to the most active players in the market. Some local firms are not focused on hitting mega-deal home runs, which can be hard to attain in the current economy. Instead, they opt for lots of base hits to get ahead.

For example, despite not landing any huge individual leases, NAI manages to be one of the city’s most active firms through multiple small-bore deals, like a recent one with a 7-Eleven convenience store at 6500 Hollywood Boulevard, Shelton said. Fast-casual restaurants, like Burger Lounge, a chain that specializes in grass-fed meat in 1,500-to 2,500-square-foot spaces, are also a strong subsector, he added.

As is the case across the country, discount stores offering items at deep discounts — around $1, in some cases, but also with less drastic cuts — are also a growth category.

A recent transaction in this category involves the discount-furnishings store Curacao, which in October renewed its lease for an over-100,000-square-foot space in a shopping center at 5980 Pacific Boulevard in the Huntington Park neighborhood. That was L.A.’s largest leasing deal in the last 12 months, according to TRD’s ranking..

When Curacao’s lease was up for renewal, Argent Retail Advisors — the 10-year-old brokerage representing the landlord, Il Young Kim — began marketing the 1984 building, said Terry Bortnick, Argent’s president. He said there was widespread interest from a “who’s who” of tenants, since large footprints are hard to come by in the area. But Pacific Properties might have had to renovate the space, a costly undertaking, and so instead stuck with Curacao in a 10-year deal, Bortnick said.

The asking rent was $25 a square foot annually, which is on a par with the $27 average asking rent for shopping centers countywide, according to Cushman & Wakefield.

“Deep discounters are one of the few categories that are still aggressively opening in today’s environment,” Bortnick said.

Meanwhile, landlords are being squeezed as they look for new tenants, including discount chains, to replace closing stores.

In addition to offering free rent to commercial tenants while they renovate their stores — a fairly typical concession — owners are now expected to offer credits to help pay for things like expensive electrical work, according to brokers.

South Florida

With low vacancy rates and a whirlwind of retail leasing, the Miami metro area continues to buck the national trend.

In fact, the average asking rent in the first quarter of 2018 was about $40 a square foot, according to Colliers International. That’s a sharp jump from the $35-per-square-foot asking rent in the year-earlier quarter.

But dark clouds may be forming, brokers said. Toys “R” Us, the bankrupt toy chain that announced in March it would close all of its U.S. stores, has 23 locations in South Florida, meaning a mass of big-box space is poised to flood the market.

(Click to enlarge)

In a similar vein, Miami is awash in new retail construction, like the mixed-use megaproject Miami Worldcenter, which has 360,000 square feet of stores being built or planned for downtown.

As is the case in other markets, a major bright spot appears to be discount retailers. These chains are often publicly traded and have deep pockets, which helps explain their appeal as tenants.

Many of the top leasing deals of the last year involved companies emphasizing below-market-rate merchandise, according to TRD’s ranking. Costco, the discount giant, took more than 51,000 square feet by the Miami airport, and Burlington was responsible for a pair of leases, one in Lake Park in Palm Beach (ranked fifth) and one in Hollywood, which was 35,178 square feet.

As in other markets, national chains are picking up some of the slack. Hobby Lobby, the arts-and-crafts store, took three major berths last year, all at 55,000 square feet — a size the brand strictly adheres to — making the chain responsible for three of the top five South Florida leases.

A variety of landlords are benefiting from the store’s moves. In Dania Beach, near Fort Lauderdale, Hobby Lobby will take space at Kimco Realty Corporation’s Dania Pointe, an under-construction 1 million-square-foot retail complex that is charging forward despite the gloomy forecast.

While malls are suffering as shoppers gravitate toward other experiences, Kimco, a Long Island-based developer, is betting there will be demand for its brand of shopping complex, which is more open-air than typical mall properties.

The $800 million, 102-acre Dania Pointe project, on the site of a former roller coaster, the Hurricane, includes tenants like T.J. Maxx and Outback Steakhouse among its 10 storefronts.

Hobby Lobby also picked up space in a building owned by Verde Realty, a real-estate investment trust, in Pembroke Pines. In addition, the chain will cut a ribbon in part of a former Kmart store at the Plaza at Lake Park, a shopping center owned by the Sterling Organization, a Florida-based private-equity firm.

On the tenant side, all three Hobby Lobby deals were handled by Katz & Associates, South Florida’s second most active brokerage with 326,000 square feet leased last year, according to the ranking. A 22-year-old firm that mostly represents tenants along the East Coast, Katz did not return a call for comment.

Chicago

As the retail economy has suffered, so too have companies generally considered bullet-proof, like Wal-Mart. Earlier this year, it announced it was closing dozens of its Sam’s Club spin-offs, for instance.

But some stores – namely, chains that can offer even deeper discounts than mass-market retailers – are inching in. A location that Sam’s Club was on the verge of leasing, at the in the Deerbrook Shopping Center in Deerfield, Ill., is instead now home to the latest outpost of the Dump Luxe Furniture Outlet, an 11-location chain specializing in discounted couches and tables, with an unusual twist. It’s open only on weekends to keep labor costs low. With about 136,000 square feet, the deal was Chicago’s largest in the past 12 months, according to TRD’s data.

Arcore Real Estate Group worked on behalf of Dump Luxe. The landlord, Mid-America Real Estate Corporation, repped itself at the property, which is a handy symbol of the decimated retail sector.

Tenants such as Best Buy, Office Max and the Great Indoors, a home decor retail chain owned by the struggling Sears, have vanished in recent years. But in an effort to salvage the property, Mid-America has renovated the one-time enclosed 1970s shopping mall into open-air shopping center; that Great Indoors store became a parking lot.

(Click to enlarge)

Other major leasing activity in Cook County seems to mirror national trends. Medical facilities, eager to branch into neighborhoods as the health care industry grows, are snapping up storefronts. The Chicago Center for Sports Medicine & Orthopedic Surgery signed a lease for an 80,000-square-foot store in a shopping center anchored by a Ross Dress for Less in North Kenwood, near Lake Michigan.

Likewise, Advocate Health Care will take about 50,000 square feet in Wrigleyville, in a former Sports Authority store. Services offered there will include X-rays and cardiac testing, according to a press release from Next Realty, the landlord. CBRE handled the transaction. “Finding 50,000 square feet of free-standing retail space with parking in Lakeview is like finding a unicorn. It just doesn’t exist,” said Marc Blum, Next’s president.

At the same time, Chicago’s retail vacancy rate seems relatively high. Quantum Real Estate Advisors put it at nearly 7 percent in 2017.

But market segments like grocery stores, too, seem robust. Indeed, Living Fresh Market signed up for a 70,000-square-foot store in Forest Park, in a deal it brokered with an in-house team. NAI Hiffman represented landlord Living World Christian Center in the deal.

from The Real Deal Miami https://therealdeal.com/issues_articles/the-kingpins-of-leasing/#new_tab via IFTTT

#The Real Deal Miami

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juditmiltz · 7 years ago

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These are the top leasing brokerages in the country’s four major markets

New York City

Property owners seem to be willing to get a bit unconventional these days to keep rent payments rolling in amid the ongoing waves of store closures.

Josh Strauss

New York

As in other U.S. markets, the list of top New York leases over the past year includes many tenants in the business of offering “experiences,” a heavy-in-rotation retail buzzword.

(Click to enlarge)

The asking rent on the 20-year lease, which includes options to renew, was $8 million a year, “and we got close to it,” Strauss said.

Other national players with similar clout in New York include Cushman & Wakefield (No. 5 with 523,000 square feet) and Newmark Knight Frank (No. 6 with 431,000 square feet).

But local firms have also finished strong, like Winick, as well as Ripco Real Estate (No. 2 with about 872,700 square feet).

“It’s in a terrific transportation hub, close to the subway and buses,” Cliff Simon of CNS told TRD last summer about the deal. “It’s an old historic shopping street with great density.”

Los Angeles

L.A. County is tightly focused on making sure the bottom doesn’t fall out of the retail leasing market.

Similarly, Kohl’s, a department store chain, closed several locations across L.A. in the last two years, in part, according to news reports, to save on expensive leases.

(Click to enlarge)

As is the case across the country, discount stores offering items at deep discounts — around $1, in some cases, but also with less drastic cuts — are also a growth category.

The asking rent was $25 a square foot annually, which is on a par with the $27 average asking rent for shopping centers countywide, according to Cushman & Wakefield.

“Deep discounters are one of the few categories that are still aggressively opening in today’s environment,” Bortnick said.

Meanwhile, landlords are being squeezed as they look for new tenants, including discount chains, to replace closing stores.

South Florida

With low vacancy rates and a whirlwind of retail leasing, the Miami metro area continues to buck the national trend.

(Click to enlarge)

In a similar vein, Miami is awash in new retail construction, like the mixed-use megaproject Miami Worldcenter, which has 360,000 square feet of stores being built or planned for downtown.

As is the case in other markets, a major bright spot appears to be discount retailers. These chains are often publicly traded and have deep pockets, which helps explain their appeal as tenants.

The $800 million, 102-acre Dania Pointe project, on the site of a former roller coaster, the Hurricane, includes tenants like T.J. Maxx and Outback Steakhouse among its 10 storefronts.

Chicago

Arcore Real Estate Group worked on behalf of Dump Luxe. The landlord, Mid-America Real Estate Corporation, repped itself at the property, which is a handy symbol of the decimated retail sector.

(Click to enlarge)

At the same time, Chicago’s retail vacancy rate seems relatively high. Quantum Real Estate Advisors put it at nearly 7 percent in 2017.

from The Real Deal Miami https://therealdeal.com/issues_articles/the-kingpins-of-leasing/#new_tab via IFTTT

#The Real Deal Miami

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rebeccahpedersen · 7 years ago

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How Does The GTA Market Compare To Toronto?

TorontoRealtyBlog

We need to know, otherwise, we’re consistently comparing apples to oranges.

The April TREB numbers were released last week, and the number being thrown around the most is “12.4%.”

That’s the average decrease in home price in the GTA, April-over-April.

But what if we look at what’s happening outside the central core, and compare the two areas?

Let me start off this blog post by speaking directly to some of the market bears and/or dissenters: you’re right.

You’re right to suggest that my constant complaining about the media using the worst numbers they can possibly find to show the market in a worse light, all in the name of selling newspapers, is offset by the media also using the best numbers they can possibly find, to show the market in a better light, when they feel like it.

It all depends on what you’re trying to sell.

Are we selling mania today? Or are we selling doom-and-gloom?

I guess the moral of the story is, there’s no point in selling the absolute truth when you can sell a better, sexier, wilder truth. Right?

Ever since I saw the CBC headline showing “Toronto Home Prices Drop 35%” two months ago, I’ve been keeping a closer eye on the headlines.

Recall this:

When sales dropped 35% from February of 2017 to February of 2018, the media pounced on this number, and clearly wanted to make the dip in the real estate market worse than it was. Call this a Freudian slip, or call it a mistake, but either way, the agenda is obvious.

But a lot of the TRB readers are right. When the market was red-hot last year, the media was pumping the tires of the market. Not quite Pitbull, Sylvester Stallone, & Alex Rodriguez up on a stage with laser-lights, but if you were a layman, you might come to the conclusion that the Toronto real estate market was heading to the moon and never coming back.

So now that the media has switched gears, and are giving us headlines with things like “…….lowest in 30 years,” forgive me if I’m looking to cut through the fluff, and look at what’s really going on.

I’m not Donald Trump; I don’t consider that “fake news.” In fact, I don’t blame the media; I blame the readers for not delving further into the story.

Case in point, if the headline reads, “The market declined 35% last month,” how many people will read the whole story, and realize that the “decline” was in sales, not price? Call me a pessimist, but whether it’s smart-phone users browsing headlines on Facebook feeds, or passer-byers looking at the front cover of a newspaper, I really don’t know if people want to know what’s going on out there.

That’s not to take anything away from you folks. The TRB readers on here? The people who post daily comments? You guys are collectively in the 96% percentile of general real estate knowledge. But what about the rest?

I just got off the phone with a young agent looking to start her career, and asking to pick my brain. She said, “I don’t know if now is a good time to start, with the market being so bad and everything.”

Come again?

Which market?

She was honest, and said that all the headlines she reads are awful, and all her friends in their early 20’s are lamenting that they can’t afford what they want. But market realities, headlines, and millennial-wants in 2018 are three VERY different things.

The GTA average home price this past month was down 12.4%, year-over year. That’s an average of $804,584 this April, compared to $918,184 in April of 2017.

But to suggest that this represents “Toronto-proper” is inaccurate.

I think a quick refresher on the GTA is prudent here, both for those that know it, but can’t picture it, and for those that pretend to know…

We have five areas:

1) City of Toronto 2) Peel Region 3) Halton Region 4) York Region 5) Durham Region

Ironically, “Toronto-proper” is the smallest of the regions that collectively make up the GTA.

It’s important to note that Simcoe County and Dufferin County are also a part of TREB, so while they aren’t part of the GTA, they are part of the “GTA-price.”

The City of Toronto is the most dense of the five regions of the GTA, and home to the most people. I might offer that it’s the most……..important(?) area to examine in a discussion of the overall Toronto real estate market, but try telling that to somebody who lives in Scugog…

So when we discuss Toronto real estate, what exactly are we talking about?

What would you guys think we mean?

Do we mean the GTA, or do we mean the city of Toronto?

To be quite honest, I would put Burlington in a different hat. I certainly would put Hamilton in a different hat, so where do you the draw the line?

I think a lot of the readers would agree, to some extent. Simcoe County, Clarington, Caledon, Milton – we’re not really talking “Toronto.”

But Vaughan? Mississauga? We’re kissing-cousins!

Where do you draw the line?

That’s why I think it’s so important to break free of these blanket-statements made by most people that simply refer to the average-GTA sale price.

And today, I want to look at the GTA as a whole, and then as individual parts, and then break down Toronto’s market even further.

So first and foremost, where is the Toronto market at the moment?

Take a look:

Recently I’ve been looking at both month-over-month statistics, as well as year-to-date.

Consider the YTD to essentially be a moving-average.

In this case, both tell essentially the same story: prices are down 12.3% YTD and 12.4% in April, and sales are down 34.4% YTD and 32.1% in April.

But that’s GTA-wide.

What about the regions?

Let’s look at the YTD stats for all of the areas that make up TREB’s “Average Toronto Sale Price,” as well as the sales volume:

Interesting stuff, n’est pas?

With only 165 sales YTD in Dufferin, we could scrap it. Same goes for Simcoe County, as neither are technically part of the GTA. But it would skew the overall TREB data, and I don’t think their inclusion in the data changes the picture, so we’ll leave it. The only thing I will say is that the 4.9% drop in average home price, based on 165 sales YTD, doesn’t have the same foundation as something like 7,000+ sales would.

These are in order of %Chg, and as you can see, York Region has been hit hard.

A 20.6% YTD decline in average home price, which is actually worse than the 12.3% YTD decline in the GTA.

On the other hand, Toronto and Peel Region come out well ahead of the GTA figure, down ‘only’ 6.6% and 7.7% respectively.

So if my Toronto-bias were showing, I’d suggest that this 12.4% decline in average sale price in “Toronto” that the media is touting this month, after the 14.4% decline they touted in March, is not accurate in the context of what most consider to be “Toronto.”

At the very least, it’s prudent to distinguish between the GTA, and the City of Toronto.

Because I have the odd client that purchased in March or April last year, who asks me, “Is my home really worth 12.4% less than it was last year?”

My clientele is more astute, and thankfully only a handful are prone to taking a headline at face value, but no, their homes aren’t worth 12.4% less than last year. On paper, overall, on average, they’re worth 6.6% less, taking the Jan/Feb/March/Apr “moving average” that is the YTD sales.

But what if they’re in a semi?

What if they’re in a condo?

What if they’re in the once-holy, now-declining detached?

Worry not, I use those descriptions of detached homes facetiously, since the detached home is, and always will be, the Holy Grail of houses, and I don’t actually believe what the declining numbers say (more on this in a bit).

But now that we’ve established that the decline in “Toronto average home price” is essentially double that of “City of Toronto” properties, let’s break it down by house type.

Here’s the April (note we’re not using YTD here) average home price for each of the four major property types: detached, semi-detached, row/townhouse, and condominium, put up against the GTA average home price on the left, and then the HPI (416) on the right:

Here’s where the fear sets in for many detached owners.

14.2%?

That’s worse than the 12.6% GTA average decline, or even the 12.4% YTD!

But once again, you can filter by area, and see what is really going on.

For this experiment, I went straight to MLS as I wanted to break things down by location and property type, which TREB Market Watch does not do. I also enjoy pouring over thousands of lines of data in Excel…

I looked at C06, C07, C14, and C15 together, which is essentially Dufferin, Steeles, Victoria Park, & Hwy 401. Reason being, we know how York Region has done, but what about the northern-most part of the City of Toronto?

What I found was quite honestly exactly as I had expected:

The average price of a detached home, albeit in a smaller sample size, is down 21.4% since the same period last year.

I was showing these stats to a colleague today, saying, “It’s only 234 sales, the sample size is small, and the 21.4% number could be way less, who knows.”

My colleague replied, “True, but there’s an exactly equal chance that it’s way more.”

Touche!

So while the Toronto-416 detached home price is down 14.2%, if you look at some areas of the city – in this example, north of 401, south of York Region, we can see that some areas were much harder hit.

Average that out across the various neighbourhoods of the City of Toronto, and I’ll think you’ll find there are some areas where detached prices are only down 3-4%, in the face of much steeper numbers. Ask active buyers, and buyer-agents, and they might argue there are some areas where prices are flat.

Shifting gears in two ways now – looking at semi-detached, as well as an example of where the decline is much lower, let’s look at the east side.

E01, E02, E03, collectively “the east side,” and let’s hone in on a very specific property type: semi-detached, 3-bedroom houses.

Sure, the sample size is smaller when we hone in. But I’d argue that eliminating 2-bedroom and/or 4-bedroom semi’s is going to give us a better feel for the market.

Keeping in mind that the average Toronto-416 semi-detached price is down 7.4% in April, here’s how things look in E01, E02, E03:

Down 2.1%.

That’s effectively a rounding error, and two points on either side brings you to yet another modest 4%, or even par.

I think you get the picture here.

My conclusions are the following:

1) The decline in GTA average home price, being applied to the “City of Toronto,” is extremely inaccurate.

2) The further you are from the central core, the softer the market.

3) Within City of Toronto, some areas are flat, some are worse than the 416-data shows. Once again, it’s all about the core.

4) Most property types and/or neighbourhoods in the central core of Toronto (save for condos, which are up) have seen only a modest decline, if any.

5) As we all know, 416 condo prices are up 4.0%, while the GTA average is down 12.6%. I didn’t even touch on this today, since I’m pretty sure most in the know are aware.

So have at it, folks.

I welcome your feedback.

The post How Does The GTA Market Compare To Toronto? appeared first on Toronto Real Estate Property Sales & Investments | Toronto Realty Blog by David Fleming.

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lindaringc21 · 7 years ago

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Disclaimers, Disclosures, Notices, and Statements… Century 21 Award CalBRE#01897784 Broker. Century 21 Award Linda Ring CalBRE#00808165 Sale Associate/Realtor, If you are a seller and your property is currently listed with a real estate brokerage firm, please note this ad and or posting is not intended to solicit the rights of another broker so please disregard. Buyers please note, you must qualify for home loans, assistance programs and or grants and not all buyers will qualify. If you are a buyer who has signed the Buyer Broker Agreement with another real estate agent or real estate brokerage firm, please disregard this posting as it is not my intent to solicit the right of another real estate broker. I am not a mortgage loan lender. Any questions regarding mortgage loans, assistance programs, grants, First Time Buyer loans, VA, FHA, CONV or any other loan please call directly to lender of your choice. I am unable to quote rate, terms and payment amounts. Buyer note: all down payment assistance programs can change daily or at any time. This property is not “rent to own”. This post is advertising and promoting going from renting to homeownership. Again, this is NOT a rent to own home!!! Agent has not verified public records, including but not limited to permits, lot size, number of rooms or square footage. Buyer to assume investigation of public records and MLS data. Some marketing pieces are sample sold homes. They can be stock photos and not real sold properties. They are samples of similar homes that might be for sale in San Diego County. Please contact me immediately for status update on this property. This is NOT “rent to own” property! If you no longer want contact or emails sent from me, please simply reply and let me know. Linda Ring is a Realtor since 1981 and her California Bureau of Real Estate number is CalBRE #00808165, she is a Realtor at Century 21 Award La Mesa 5640 Baltimore Dr. La Mesa 91942…and my favorite color is blue!

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thisgirlsellshouses · 7 years ago

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September 2017 RE/MAX National Housing Report

Housing Ends Summer Strong; Only Slight Inventory ReliefSeptember 15, 2017DENVER – U.S. home sales in August extended a summer of strong demand and weak inventory that once again resulted in listings with short shelf lives. In addition to the normal late summer real estate trends, a primary focus during the next month will be on housing in specific markets affected by natural disasters like devastating wildfires and hurricanes Harvey and Irma.

The RE/MAX National Housing Report shows August sales topping July by 2.8%, but finishing 0.84% below August 2016 which remains the best August in the report’s 9-year history. Houston, where Hurricane Harvey made landfall on August 25, already experienced a 21.3% drop in sales from July and a 27.5% decline year-over-year.

Inventory in the report’s 54 markets declined 3.9% from July and 13.7% from a year ago, driving Days on Market to drop to 47 – the fastest listing-to-sale average for any August. The Months Supply of Inventory, while continuing to rebound from a May low of 2.6, settled at 3.1 months and set another report record for August.

“Overall, we’re still seeing home prices rise year-over-year at just above historical averages -- even with slightly declining nationwide prices in August, which is an expected annual pattern,” said Adam Contos, RE/MAX Co-CEO. “The data shows that home hunters continue to experience very limited inventory and increased competition, and home sellers are benefiting from quick sales for top dollar.”

After hitting $239,950 in July, the median sales price dipped to $236,475 in August but still finished 5.4% higher year-over-year.

Closed Transactions

Of the 54 metro areas surveyed in August 2017, the overall average number of home sales increased 2.8% compared to July 2017 and decreased 0.84% compared to August 2016. Twenty-four of the 54 metro areas experienced an increase in sales year-over-year including, Wilmington/Dover, DE,+17.2%, Trenton, NJ, +13.8%, Honolulu, HI, +12%, Augusta, ME, +11.1% and Boise, ID, +9%.

Median Sales Price – Median of 54 metro median prices

In August 2017, the median of all 54 metro Median Sales Prices was $236,475, down 1.3% from July 2017 but up 5.4% from August 2016. Only three metro areas saw a year-over-year decrease in Median Sales Price or remained unchanged (Anchorage, AK, -1.5%, Augusta, ME, -1.4% and Hartford, CT, -1.4%). Nine metro areas increased year-over-year by double-digit percentages, with the largest increases seen in Cincinnati, OH, +14.5%, Las Vegas, NV, +13.7%, Boise, ID, +12.4%, Nashville, TN, +12.1% , San Francisco, CA, +11.5%, and Seattle, WA, +11.4%.

Days on Market – Average of 54 metro areas

The average Days on Market for homes sold in August 2017 was 47, up two days from the average in July 2017, and down seven days from the August 2016 average. The four metro areas with the lowest Days on Market were Omaha, NE, and Seattle, WA, at 21, and Denver, CO, and San Francisco, CA, at 24. The highest Days on Market averages were in Augusta, ME, at 100 and Burlington, VT, at 92. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed.

Months Supply of Inventory – Average of 54 metro areas

The number of homes for sale in August 2017 was down 3.9% from July 2017, and down 13.7% from August 2016. Based on the rate of home sales in August, the Months Supply of Inventory remained unchanged from July 2017 at 3.1, compared to August 2016 at 3.4. A 6.0-months supply indicates a market balanced equally between buyers and sellers. In August 2017, 53 of the 54 metro areas surveyed reported a months supply of less than 6.0, which is typically considered a seller’s market. At 6.5, Miami, FL, was the only metro area that saw a months supply above 6.0, which is typically considered a buyer’s market. The markets with the lowest Months Supply of Inventory continued to be in the west with San Francisco, CA, at 1.0, Seattle, WA, at 1.3, Denver, CO, at 1.4 and San Diego, CA, at 1.7.

Contact

For specific data in this report or to request an interview, please contact [email protected].

# # #

About the RE/MAX Network:

RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 115,000 agents provide RE/MAX a global reach of more than 100 countries and territories. Nobody sells more real estate than RE/MAX, when measured by residential transaction sides. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, LLC, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE:RMAX). With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $157 million for Children’s Miracle Network Hospitals

and other charities. For more information about RE/MAX, to search home listings or find an agent in your community, please visit

www.remax.com

. For the latest news about RE/MAX, please visit

www.remax.com/newsroom

Description

The RE/MAX National Housing Report is distributed each month on or about the 15

. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 54 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government’s Office of Management and Budget, with some exceptions.

Definitions

Transactions are the total number of closed residential transactions during the given month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pended) during the month. Where “pended” data is unavailable, this calculation is made using closed transactions. Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median of the median sales prices in each of the metro areas included in the survey.

MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX National Housing Report re-calculates the previous period’s data to ensure accuracy over time. All raw data remains the intellectual property of each local MLS organization.

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jeffbuyshousescash · 7 years ago

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real-estate-pros · 7 years ago

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Leonard Wood, NY Klamath Falls, AZ Indianapolis, PA Boise, AK Sault Ste Marie,Kansas, WA Timmins, WY Evansville,North Dakota, MI Miami, NY Oxnard/Ventura,South Carolina, MI Baltimore, CA Whitehorse, QC Parkersburg/Marietta, SC Bismarck, MS New Bern, TX Farmington, TX Alpena, KY Escanaba, QC Athens, GA Palm Springs, SC El Centro/Imperial, AK Jackson, YT Worland,Washington, AZ Greenville/Spartanburg, MI Bradford, TN Sitka, NM Las Vegas, KS Kingston,Maine, MI Long Beach, WV Atlantic City, NS Philadelphia, WA Hibbing/Chisholm, NY Latrobe, QC Manistee, CO Lanai City, MS Jacksonville, OR Gainesville, FL Valdez, BC Barrow, OK Raleigh/Durham, CO Tupelo, PA Richmond, MN Pullman, PA Windsor, SK Albuquerque, by, MA Butte, AK Dillingham, IL Newburgh, UT Augusta,Oregon, GA Eureka/Arcata,Mississippi, LA Charlotte, NC Columbia, ND Watertown, MS Liberal, NB Harlingen, IN Lansing, KS Comox, AK Erie, ID Waco, AZ Marion,Alaska, NY Bagotville, KY Rutland, TX Saskatoon, airport, GA Mason City,North Carolina, IA Lubbock,Maryland,Arizona, TX Regina, , NY Montrose, KS Cedar Rapids/Iowa City, ON Spokane, HI Detroit,Colorado, AK Iles de la Madeleine, WV Harrisburg, MA Charleston, CO Tri-City Airport, SC Beckley, CA Huntsville/Decatur, FL Rochester, WI Salt Lake City, AB Rock Springs, NY Calgary, available, AK Sarasota/Bradenton,Florida, MN Charlottesville, CO Billings,Nebraska, GA Paducah,Montana, HI Santa Fe, CO Burbank, TX Washington, WA Lethbridge, FL El Paso, CA Dickinson, ON Rhinelander, KY Columbus, CA Madison, MI Lewiston, PA Kenai, ND Dodge City, AB Key West, NH Val D'Or, WA Honolulu,Minnesota, TN Garden City, IN Daytona Beach, FL Denver, AK Los Angeles, PA Muscle Shoals, ND Corpus Christi, IA Blanc Sablon, WY Texarkana, WA Clarksburg, QC Appleton,Arkansas, AK Green Bay, WI Williston, BC Charleston, ID Beaumont/Pt. Arthur, CA Franklin, KS Sioux City, AZ International Falls, MS Pueblo, MI Joplin, FL Florence, AR Monterey, local , TX Roanoke, near , NE Sudbury, TN Victoria,Kentucky, close, ID Greenville, CA Massena, SC Huntington, NC Norfolk/Virginia Beach/Williamsburg,Missouri, rail, BC Aspen,New Jersey, IL Cincinnati, CO Tucson, IL Kapalua, TN Kitchener/Waterloo, VT Allentown/Bethlehem/Easton, MI Roberval, NY Minneapolis/St Paul, MT Jackson, quarter ,Hawaii, LA Deer Lake, TX Rockland, UT Alliance, PA Gillette, BC Lake Charles,Iowa, CO Sault Ste Marie, WY Helena, MN Wichita Falls, MO Abbotsford, OR Thief River Falls, BC Presque Isle, WY Sacramento, surrounding area , WY Greenbrier, BC Idaho Falls, AK Ketchikan, IL Walla Walla, DC Yellowknife, MN Sheridan, IN San Antonio,New Mexico, IA Oakland, AL Hilton Head Island, CO Orange County, HI Santa Maria, NY Charlottetown, FL Syracuse, NC La Crosse, OK Tyler, NY Ft. Dodge, ON Greenville, AL Traverse City, NC Naples, NY Bar Harbor, ND Williamsport,Louisiana, RI Killeen, MN Kotzebue, PA Springfield, OH Ithaca, NE Bangor, ON Steamboat Springs, GA Laramie, ND Wabush, around, KS Ft. Lauderdale, ME Pellston,"", NC St. Louis, AK Johnstown, CA San Francisco, LA San Angelo, ON Lihue, locality , locale area , QC Tampa/St. Petersburg, VA Fairbanks, NB Minot, GA Twin Falls, BC Enid, CA Albany, IA Smithers, BC Victoria,Oklahoma, FL Prescott, WI Nanaimo, NH Cortez, NE Rochester, HI McCook, OH Grand Rapids, SC Toledo, AK Watertown, VA Laredo, OK Prince George, NY Nantucket, FL Nome, WY Bathurst

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schoenhomes-blog · 6 years ago

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How much does it cost to start in Burlington real estate?

Planning to start in Burlington real estate? You might be overwhelmed from thought of earning big sum of money, the common concept about real estate. Big cluster of thoughts working in your mind especially for the beginners and money is without a doubt at the top of the list. Every new investor at least once thinks that, it would be perfect if he can pay off investment property using cash, without mortgage payments or special qualification and above all how nice if he can put all the cash flow that property generates into my pocket. This seems little impossible for many because many believes that they will never have enough money to get started in real estate. But the question is how much it costs to start in real estate in Burlington County, NJ. Well, giving the exact number of amount is not possible in real estate market as market fluctuates all the time but there are four major expense categories that investors must be aware of before getting started in real estate.

The Purchase Price of The Property:

Many people prefer to invest in same area that they live in as they know the neighborhood well. It is obvious that you need to pay less if the property prices are lower. If your area is affordable that’s a good investment opportunity but if you live in an area where property prices are high than buying there might not be a good choice. Keep in mind that you are not buying for yourself, buying an investment property is different than buying your own home. Investment property is your business where making money and generating profit is your only goal. Don’t get attached emotionally with investment properties. Look for areas that offer low property prices to avoid financial complications in future. Moreover, affordable homes are preference of buyers, these homes appreciated faster, generate more cash flow and affect less in an economic downturn. These two simple tips about property prices helps you a lot:

Buy around the median price:

Little research is always helpful, find out the median home price in your concern area. Use an investment property calculator or take help from any good realtor. The median price is right in the middle from all the homes sold in your area from least to most expensive. Once you find the median price next set the initial price range including houses that are between 50 % under the median and 25 % over it. Property more than 25 % median means your mortgage payment will so high that your cash flow will be weak.

Negotiate:

Always keep in mind that prices of property are negotiable. Unless you’re in very hot market, it never hurts to make a lower offer. Negotiation sometime will save you hundreds or thousands of dollars. But don’t make mistakes while negotiating as it will put bad impact on your offer.

Save Your Down Payment:

Before getting started you must have enough for down payment. The more leverage you have when lending a loan for investment property, the less money out of your pocket is needed and the higher your cash on cash return will be. Prior you take this financial commitment make sure that you are free from any debt, especially high interest liabilities. Next you need to save enough money to put down a 20 % down payment on your investment property. Most of the lenders want to see six months of mortgage payments in your bank history along with down payments, so start saving up!

Estimate Repairs and Maintenance:

After finding property, saving down payment and making purchase, next step is estimating repair and maintenance. This is the crucial point where many beginners get stuck. The cash requirements with real estate investment properties don’t simply end at purchase. You need good sum of money to maintain the property and to keep it in a rental condition; this is where newbies often miscalculate. The money you need for repairing and maintaining depends on two things:

The initial repairing to make property rentable

The average annual maintenance cost

Having an idea of how much money you need for repairing will help you save a lot before getting started in real estate and purchasing the property. Along with repairing cost there are other things that need to take into consideration like maintenance cost and holding cost. For smooth investing till the end you need to make sure that you have enough money with you to cover property insurance, mortgage payments and taxes for 1 or 2 months until you fix the property and find a tenant. In addition to that there are things that you have to pay for on yearly basis like cleaning the gutters. For the beginners all this sounds very daunting especially if you don’t know how to fix things up. To handle this you can lean on people like a property inspector or a handyman.

Save for Emergency Situations:

The unexpected costs and vacancies are some other factors that you must consider in before getting started in real estate. You may have to experience vacant property for one or two or may be for longer time, so be prepared for this. If this happens at any point you have to pay mortgage from your own pocket without earning anything. It’s better to overestimate your costs rather than underestimate especially in terms of emergency reserves costs.

Getting started in real estate and purchasing an investment property is not kid’s game. You need to think carefully and thoroughly to make sure you’re fully and financially prepared. If you feel like buying a property, you can rely on our experience and professional agents all across the New Jersey. We help you to buy or sell your properties at best price as quickly as possible. For more information contact us now!

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americanpropertiesnj-blog · 7 years ago

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Burlington County Builder Awarded for Community Support

American Properties Realty, Inc. never stops to surprise its customers with its flawless services and matchless customer care. We proud to continues 40 years of excellence in this field, building more than 15000 homes and number of award winning communities featuring townhomes, single family homes, condominium and garden homes. This time we receive the prestigious community of the Year award for our Smart Growth community. Traditions at Chesterfield is our finest community in Burlington county known best for its ideal variety of home designs, high quality construction, smooth building process and premium county location. The community is recognized for its outstanding contributions in real estate market.

Traditions at Chesterfield currently offers three categories of home design including single family classic homes, luxury garden homes and carriage collection of townhomes. Our community’s Carriage collection also won Best Attached Home for demonstrating excellence in exterior design, interior floor plan design and flow, efficient use of space and perceived value. Not just our community but also we have endeavor the best talent in county with most efficient and qualified agents. The members of New Jersey Builders Association who have displayed excellent sales and marketing efforts in the previous year honored at the sales and marketing awards banquet.

Barry Edelman, Managing Partner for Traditions at Chesterfield said, “Everyone at American Properties would like to thank the NJBA for this wonderful designation. “We would also like to thank our marketing partner Design 446, Sonnenfeld and Trocchia Architects, our sales team, trade partners and homebuyers for their tireless dedication to Traditions at Chesterfield and Old York Village”. We build our community in scenic Chesterfield, which is voted as number one place to live in Burlington County by Philadelphia Magazine.

We feel honored to serve you and our aim is to provide you right homes in the right place at the right price. Traditions at Chesterfield is located in beautiful Chesterfield, NJ. The first phase of community offered homes including premier home sites that are adjacent to desirable open space, wooded area, wetlands and buffered landscapes. The carriage collection is an enclave of duplex and triplex townhomes offering up to 2,714 square ft. of living space with three to four bedrooms, three and a half bathrooms and one to two car garages. These homes are priced from $299,990 while our single family homes are priced from $399,990. The single family classic offers spacious four bedrooms, full basement and two car garages with the living space of 3,607 square ft.

Traditions at Chesterfield is neo-traditional with smart growth, village design community combines the best county charm with professionally landscaped grounds and lighted, tree-lined streets. We welcome the potential homebuyers to visit our Carriage Collection Sales Office office, located at 26 Mountie Lane, Chesterfield, NJ and for the Single Family Classic Sale office visit 82 Bordentown Crosswicks Road, Chesterfield, NJ. Our sales offices are open daily from 10am to 5pm. Schedule an appointment with an on-site sales consultant by calling 609.424.0028 for the Carriage Collection or 609.424.0026 for Single Family Classics. For more information, visit www.traditionsatchesterfield.com

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garynsmith · 8 years ago

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Stephanie Bellanova: Education Lays the Foundation for Success

http://ift.tt/2pKuSWr

Those who have been involved in the central New Jersey real estate market for a while know the name Ann Davis, as she’s spent the past three decades as a leading REALTOR® and advocate for the profession.

That’s why it’s no surprise that her daughter, Stephanie Bellanova, is exhibiting just as much love for the profession and finding just as much success as owner/partner of ERA Central Realty Group. Bellanova is a charter member of the ERA Young Leaders Network, and a member of the board of directors of the Mercer County Board of REALTORS®.

Under Bellanova’s leadership, the firm was ranked as the No. 1 ERA Real Estate company in New Jersey, and among the top 25 ERA brokerages in the country. Coming off almost $246 million in sales, she believes that 2017 will be another strong year for the firm.

“Our market has been steady,” says Bellanova. “There’s been an entrance of more REOs to the market, but it’s been at an acceptable pace. Our increased business is due to consumer confidence and our agents’ continued proactiveness.”

With five offices and 150 agents, the firm is focused on expanding within its existing branches. And the rise of REOs has spawned the firm’s first REO department.

“We’ll be looking to increase agent count if the agent is the right fit, but more importantly, we’ll be helping our existing agents grow their business,” says Bellanova. “For us, it’s all about creating an environment where our agents are comfortable and look forward to being a part of it all.”

Training and agent support are important to Bellanova and the firm, which is why ERA Central Realty Group offers an in-house training program, conducted live throughout the firm’s five offices, with the trainer fully accessible to all agents, anytime.

“It’s all about continual education on everything, from us to the agents, so agents are armed for conversations in the field,” says Bellanova. “We provide ATM training, or Agent Training Modules, which consist of live, in-house sessions for both new and experienced agents, plus web-based training via ERA and on the job/in the field, as well.”

The biggest challenge for the firm is the same as it’s been for a while—finding agents who are the right fit for its culture of collaboration and caring.

“Finding people who are interested in a career in real estate who are not currently licensed isn’t always easy,” says Bellanova. “There are so many people wanting to run their own business that are stuck in corporate jobs. If we can reach them and show them how they can succeed in real estate, that’s a great opportunity for them and us.”

It’s through training, support and showing agents that they’re partners in the business that keeps people interested and coming to the firm, and those are areas in which Bellanova will provide nothing but the best.

Vitals: ERA Central Realty Group Years in Business: 31 Size: 5 branch offices, 150 agents Regions Served: Central New Jersey, including Mercer, Burlington, Monmouth, Ocean and Middlesex Counties 2016 Sales Volume: $245,846,000 2016 Transactions: 1,004 units www.eracentral.com

For the latest real estate news and trends, bookmark RISMedia.com.

The post Stephanie Bellanova: Education Lays the Foundation for Success appeared first on RISMedia.

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alfredrserrano · 7 years ago

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These are the top leasing brokerages in the country’s four major markets

New York City

Property owners seem to be willing to get a bit unconventional these days to keep rent payments rolling in amid the ongoing waves of store closures.

Josh Strauss

New York

As in other U.S. markets, the list of top New York leases over the past year includes many tenants in the business of offering “experiences,” a heavy-in-rotation retail buzzword.

(Click to enlarge)

The asking rent on the 20-year lease, which includes options to renew, was $8 million a year, “and we got close to it,” Strauss said.

Other national players with similar clout in New York include Cushman & Wakefield (No. 5 with 523,000 square feet) and Newmark Knight Frank (No. 6 with 431,000 square feet).

But local firms have also finished strong, like Winick, as well as Ripco Real Estate (No. 2 with about 872,700 square feet).

“It’s in a terrific transportation hub, close to the subway and buses,” Cliff Simon of CNS told TRD last summer about the deal. “It’s an old historic shopping street with great density.”

Los Angeles

L.A. County is tightly focused on making sure the bottom doesn’t fall out of the retail leasing market.

Similarly, Kohl’s, a department store chain, closed several locations across L.A. in the last two years, in part, according to news reports, to save on expensive leases.

(Click to enlarge)

As is the case across the country, discount stores offering items at deep discounts — around $1, in some cases, but also with less drastic cuts — are also a growth category.

The asking rent was $25 a square foot annually, which is on a par with the $27 average asking rent for shopping centers countywide, according to Cushman & Wakefield.

“Deep discounters are one of the few categories that are still aggressively opening in today’s environment,” Bortnick said.

Meanwhile, landlords are being squeezed as they look for new tenants, including discount chains, to replace closing stores.

South Florida

With low vacancy rates and a whirlwind of retail leasing, the Miami metro area continues to buck the national trend.

(Click to enlarge)

In a similar vein, Miami is awash in new retail construction, like the mixed-use megaproject Miami Worldcenter, which has 360,000 square feet of stores being built or planned for downtown.

As is the case in other markets, a major bright spot appears to be discount retailers. These chains are often publicly traded and have deep pockets, which helps explain their appeal as tenants.

The $800 million, 102-acre Dania Pointe project, on the site of a former roller coaster, the Hurricane, includes tenants like T.J. Maxx and Outback Steakhouse among its 10 storefronts.

Chicago

Arcore Real Estate Group worked on behalf of Dump Luxe. The landlord, Mid-America Real Estate Corporation, repped itself at the property, which is a handy symbol of the decimated retail sector.

(Click to enlarge)

At the same time, Chicago’s retail vacancy rate seems relatively high. Quantum Real Estate Advisors put it at nearly 7 percent in 2017.

from The Real Deal Miami https://therealdeal.com/issues_articles/the-kingpins-of-leasing/#new_tab via IFTTT

#The Real Deal Miami

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