This incredible beachfront property was completely renovated and redesigned in 2009. The interior features high ceilings, an elevator, and large windows with panoramic views of the ocean from nearly every room. In addition to 3 floors of living space, there is a rooftop deck, ideal for summer gatherings and parties. The backyard boasts a heated in-ground pool and spa with a spacious patio. With 6 bedrooms and 5.5 baths, this is a one-of-a-kind summer home that will not disappoint.
This unique 1-story home is stunning and versatile. 30 Latimer Road is a delightfully bright residence with massive glass walls and skylights. This residence boasts spacious living and dining areas, as well as 10 bedrooms and 8 full bathrooms, excellent for accommodating large parties. The backyard includes a beautiful patio and in-ground pool. With 10,169 square feet of living space and a lot size of 3.2 acres, this home presents endless possibilities to all of its inhabitants. You won't want to miss out on seeing this incredible, one-of-a-kind Santa Monica home.
Built on a golf course, 104 Bassett Creek Trail is an incredibly unique property. With fruit trees, an in-ground pool and wet bar, and bright, spacious rooms, this residence is the perfect place to relax with family and friends. The interior exhibits impressive architectural design, including high-beamed ceilings, large windows, lovely fireplaces, and a skylight. The kitchen is large and elegant with a center meal-prep island. This home also conveniently offers multiple walk-in closets and built-in shelves. The exterior features an impressive pool and spa, as well as a long, majestic driveway. This home's extravagant yet welcoming environment will leave you feeling refreshed.
With its convenient ocean access and relaxing, scenic environment, Cape Cod is an ideal location for a summer getaway. The Cape offers incredible beaches & New England clam bars by day and excellent restaurants & bars by night.
These waterfront homes provide plenty of guest rooms for family & friends, making them perfect for summer reunions or gatherings. Each property includes 8+ acres of luscious land that can be utilized for home expansion. Whether you are gardening, fishing, or just relaxing by the ocean, you will want to enjoy as much time outside as possible. A summer at the Cape is a summer that you will never forget.
Recent articles featured in top U.S. publications have suggested the real estate industry is making a come back as the economy improves from the Great Recession. This claim has been solidified with new statistics revealing the largest price increase in seven years, as well as the states with the highest year over year home price appreciation. Nevada reigns as the hottest real estate market with a price increase of 25%. California comes in second as a booming market for sellers with a price increase of 19%. With a 17% price increase, Arizona and Hawaii prove to be hot locations for brokers looking to sell. The real estate market in Oregon is close behind with a price increase of 16%.
An article featured on USA today states the supply of existing homes for sale grew to 5.2 months in April, up from 4.7 months in March. More people believe it is a good time to buy and sell their homes because of the economy's improvements. As a result, more listings are sure to appear on the market from this influx of buyers and sellers. The price increase is especially beneficial to people choosing to sell, largely because they can expect few to no losses due to the all time high year-over-year home prices.
Seasonally adjusted inventory expansion is occurring with a 12% increase and single-family home sales are also on the rise at a 9% higher pace than the year prior. The national median existing-home price is significantly higher than last year, indicating people are willing to pay more for their dream home. Distressed homes seem to be playing a less significant role in real estate sales, proving real estate sales are on an incline.
These numbers illustrate significant improvements in the real estate industry- and most specifically in the 5 states discussed above. However, NAR chief economist Lawrence Yun claims there are constraints preventing a return to the market state before the housing bubble burst after 2005. These constraints include difficulty accessing the necessary credit and a limited number of homes for sale, despite the homes listed being sold at considerably higher prices.
Big data can certainly provide insight to the current state of the improving real estate market; however, an analysis of trends can contribute to an in-depth understanding.
An article featured yesterday in the New York Times attributes the rise in house prices to Wall Street Buyers. Suzanne Mistretta, an analyst at Fitch Ratings mentioned in the article, questions whether the change in prices really reflects market demand or is a result of large investments firms spending billions of dollars buying homes in areas the recession hit hardest.
The gains from these investment companies are greatly contributing to the rising house prices nationwide. However, the article acknowledges some investment companies are increasing presence in areas that still need assistance and leaving the areas that seem to have regained stability. Whether the rise in prices is attributed to small buyers or large investment firms, the numbers indicate significant real estate market improvements.
The market's recent growth can be largely attributed to a wealth of eager buyers. Higher housing prices motivates owners to sell their homes for a good price, and these sellers become buyers as they search for bigger and better homes.
Leading experts also predict significant steps toward recovery, stating that "New England will largely shift from a buyer's market to a more balanced market as 2013 progresses." The market will continue to improve upon its record-low interest rates from 2012.
With inventory rising 12 percent from March to April 2013, it's definitely a buyer's market. Now is the best time to look at buying new properties.
U.S. Real Estate Academy member Salena Kulkarni further discusses why you should take advantage of the growing market now rather than later.
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