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Coming soon- New Retirement Community to Central Florida

Coming soon- New Retirement Community to Central Florida

Coming soon- New Retirement Community to Central Florida

On January 5, 2022 the Polk County Planning Commission unanimously approved a binding site plan for 232 apartment units on 11.6 acres off Lake Hatchineha Road. 

 The project is located “on the north side of Bayberry Street, west of Marigold Avenue, east of Allegheny Road, north of Hatchineha Road, east of the city of Dundee.” The land is owned by Gordon Land LLC. 

 This proposal is part of the larger Poinciana Planned Unit Development — addressing the remaining portion of Neighborhood 3 within Village 7. The area was rezoned to multifamily in 2005 but was in need of a binding site plan. As a result, commissioners were evaluating the design of the proposed project, rather than the compatibility of the proposal’s high density. 

 The project is proposed as a 55+, retirement community, but Florida law prevents the county from enforcing age restrictions on development requests, according to county documents. 

The planned buildings will be four stories and courtyard style. Access to the development will be via an extension of Allegheny Road. 

The RE/MAX Heritage team is trying to obtain all details and we’ll be sharing shortly.

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Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

We are now RE/MAX Heritage a Bardell Real Estate Company

We are now RE/MAX Heritage a Bardell Real Estate Company

We are now RE/MAX Heritage a Bardell Real Estate Company

Press Release

Long-Established Clermont based Bardell Real Estate Converts to RE/MAX Heritage – a Bardell Real Estate Company Clermont, FL, December 20, 2021—Bardell Real Estate Broker/Owner, Steve Silcock, is bringing the RE/MAX brand to Clermont, Florida. Operating under a new brand, RE/MAX Heritage – a Bardell Real Estate Company – the location will remain the same, located at 9110 US HWY 192 in Clermont.

Bardell Real Estate was established in 1989 and was the first real estate brokerage in the Four Corners area. Located five miles from Disney World the brokerage is well established in the retirement, investment and vacation home markets. While meeting the needs of its clients for the last 32 years, Silcock says the timing was right.

“The changing demographics over the last few years, and explosive area-growth, has created a tremendous opportunity in the local residential market and it’s time to strengthen our brand,” says Silcock. “RE/MAX provides the technology and brand recognition key to supporting our continued expansion in the residential markets while allowing the core values and reputation of the brokerage to be carried forward.”

The name RE/MAX Heritage also carries the brand’s reputation forward. Silcock says, “Our business has been built on the traditions of honesty, integrity and respect. This is an important part of who we are and what we believe in and will continue to be an integral part of our business going forward as we bring together the best of RE/MAX and Bardell Real Estate.” RE/MAX Heritage will continue to serve the Four Corners area of Polk, Lake, Orange and Osceola Counties and surrounding areas.

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About RE/MAX Heritage RE/MAX Heritage is affiliated with RE/MAX, LLC. RE/MAX was founded in 1973 in Denver, Colorado by Dave and Gail Liniger. It has grown to a global network of more than 120,000 Sales Associates in more than 100 countries. No one sells more real estate than RE/MAX. Read more

Media Contact Steve Silcock, Broker/Owner RE/MAX Heritage (p) 863-424-2309 (e) steve.silcock@remax.net

Ready to make a Move?

RE/MAX HERITAGE are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

Market in a Min November

Market in a Min November

Market in a Min November

WASHINGTON (November 22, 2021) – Existing-home sales increased in October, marking two straight months of growth, according to the National Association of Realtors®. Two of the four major U.S. regions saw month-over-month sales climb, one region reported a drop and the fourth area held steady in October. On a year-over-year basis, each region witnessed sales decrease.

Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 0.8% from September to a seasonally adjusted annual rate of 6.34 million in October. Sales fell 5.8% from a year ago (6.73 million in October 2020).

“Home sales remain resilient, despite low inventory and increasing affordability challenges,” said Lawrence Yun, NAR’s chief economist. “Inflationary pressures, such as fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

Total housing inventory2 at the end of October amounted to 1.25 million units, down 0.8% from September and down 12.0% from one year ago (1.42 million). Unsold inventory sits at a 2.4-month supply at the current sales pace, equal to September’s supply, and down from 2.5 months in October 2020.

The median existing-home price3 for all housing types in October was $353,900, up 13.1% from October 2020 ($313,000), as prices climbed in each region. This marks 116 straight months of year-over-year increases, the longest-running streak on record.

“Among some of the workforce, there is an ongoing trend of flexibility to work anywhere, and this has contributed to an increase in sales in some parts of the country,” said Yun. “Record-high stock markets and all-time high home prices have worked to significantly raise total consumer wealth and, when coupled with extended remote work flexibility, elevated housing demand in vacation regions.”

Properties typically remained on the market for 18 days in October, up from 17 days in September and down from 21 days in October 2020. Eighty-two percent of homes sold in October 2021 were on the market for less than a month.

In October, first-time buyers were responsible for 29% of sales, up from 28% in September and down from 32% in October 2020. NAR’s 2021 Profile of Home Buyers and Sellers – released earlier this month4 – reported that the annual share of first-time buyers was 34%.

Individual investors or second-home buyers, who make up many cash sales, purchased 17% of homes in October, up from both 13% in September and from 14% in October 2020. All-cash sales accounted for 24% of transactions in October, up from both 23% in September and from 19% in October 2020.

Distressed sales5 – foreclosures and short sales – represented less than 1% of sales in October, equal to the percentage seen a month prior and equal to October 2020.

According to Freddie Mac, the average commitment rate(link is external) for a 30-year, conventional, fixed-rate mortgage was 3.07 in October, up from 2.90% in September. The average commitment rate across all of 2020 was 3.11%.

Single-family and Condo/Co-op Sales

Single-family home sales rose to a seasonally adjusted annual rate of 5.66 million in October, up 1.3% from 5.59 million in September and down 5.8% from one year ago. The median existing single-family home price was $360,800 in October, up 13.5% from October 2020.

Existing condominium and co-op sales were recorded at a seasonally adjusted annual rate of 680,000 units in October, down 2.9% from 700,000 in September and down 5.6% from one year ago. The median existing condo price was $296,700 in October, an annual increase of 8.7%.

“At a time when mortgage rates are still low, buying and securing a home is a wise investment,” said NAR President Leslie Rouda Smith, a Realtor® from Plano, Texas, and a broker associate at Dave Perry-Miller Real Estate in Dallas. “NAR will strive to make homeownership obtainable for all who want to pursue one of the key components of the American Dream.”

Regional Breakdown

Existing-home sales in the Northeast fell 2.6% in October, registering an annual rate of 750,000, a 13.8% decline from October 2020. The median price in the Northeast was $379,100, up 6.4% from one year ago.

Existing-home sales in the Midwest rose 4.2% to an annual rate of 1,500,000 in October, a 6.3% decrease from a year ago. The median price in the Midwest was $259,800, a 7.8% jump from October 2020.

Existing-home sales in the South increased 0.4% in October, posting an annual rate of 2,780,000, a 3.5% drop from one year ago. The median price in the South was $315,500, a 16.1% climb from one year prior.

Existing-home sales in the West neither rose nor fell from the prior month’s level, registering an annual rate of 1,310,000 in October, down 5.1% from one year ago. The median price in the West was $507,200, up 7.7% from October 2020.

The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

 

Congratulations to EPCAR’s New President

Congratulations to EPCAR’s New President

Congratulations to EPCAR’s New President

Steve Silcock was honored to be sworn in last week as the newest president of the East Polk County Association of REALTORS®, also known as EPCAR. He eagerly embarked on his position by proceeding to deliver a brief virtual acceptance speech, highlighting some of the exciting advancements anticipated for this year within the association. During his presidency, Silcock intends on working relentlessly to refine the efficiency of EPCAR’s communication amongst its members and business partners through placing great emphasis on engagement, retention and governance.

EPCAR is a reputable medium-sized REALTOR® association founded back in 1925 and headquartered in Winter Haven, Florida; a city notorious for its breathtaking canal-linked Chain of Lakes and being home to the family-friendly theme park, Legoland Florida. A trade association 501C6, EPCAR is exceptionally committed in meeting the needs of its members as well as businesses searching for guidance in progressing within the Central Florida real estate industry. According to the association’s website, they aim “to be ‘the source’ for ethical and professional real estate services for the community and the county they serve.”    

Silcock, who is keenly looking forward to serving as EPCAR’s president for the next year, joined the industry 15 years ago after making a huge leap and relocating to Florida from England. Since then, he has proudly owned Bardell Real Estate: a full-service real estate and property management office in Clermont, Florida that has been outstandingly devoted in exceeding client expectations for the past 30 years. The Central Florida brokerage assists clients throughout the entire process of renting out, selling and buying retirement homes in 55 plus communities, residential property, vacation homes and villas in the Disney area. Additionally, Bardell Real Estate’s property management services support tenants when finding Orlando homes for rent.

If you are interested in receiving a free home valuation or want to speak with an experienced realtor or property manager in the Orlando area, contact Bardell Real Estate today for more information.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

December 2020 home sales report

December 2020 home sales report

WASHINGTON (January 22, 2021) – December 2020 home sales report rose reaching their highest level since 2006, according to the National Association of Realtors®. Activity in the major regions was mixed on a month-over-month basis, but each of the four areas recorded double-digit year-over-year growth in December.

December 2020 Existing-Home Sales

 

Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 0.7% from November to a seasonally-adjusted annual rate of 6.76 million in December. Sales in total rose year-over-year, up 22.2% from a year ago (5.53 million in December 2019).

“December 2020 home sales report we saw sales perform at their highest levels since 2006, despite the pandemic,” said Lawrence Yun, NAR’s chief economist. “What’s even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market.”

Yun predicts a continuation of the strong activity that’s currently taking place in the housing market and in the overall economy.

“Although mortgage rates are projected to increase, they will continue to hover near record lows at around 3%,” Yun said. “Moreover, expect economic conditions to improve with additional stimulus forthcoming and vaccine distribution already underway.”

The median existing-home price2 for all housing types in December was $309,800, up 12.9% from December 2019 ($274,500), as prices increased in every region. December’s national price increase marks 106 straight months of year-over-year gains.

Total housing inventory3 at the end of December totaled 1.07 million units, down 16.4% from November and down 23% from one year ago (1.39 million). Unsold inventory sits at an all-time low 1.9-month supply at the current sales pace, down from 2.3 months in November and down from the 3.0-month figure recorded in December 2019. NAR first began tracking the single-family home supply in 1982.

Properties typically remained on the market for 21 days in December, seasonally even with November and down from 41 days in December 2019. Seventy percent of the homes sold in December 2020 were on the market for less than a month.

“To their credit, homebuilders and construction companies have increased efforts to build, with housing starts hitting an annual rate of near 1.7 million in December, with more focus on single-family homes,” Yun said. “However, it will take vigorous new home construction in 2021 and in 2022 to adequately furnish the market to properly meet the demand.”

First-time buyers were responsible for 31% in the December 2020 home sales report, unchanged from the same time in 2019, but down from 32% in November 2020. NAR’s 2020 Profile of Home Buyers and Sellers – released in late 20204 – revealed that the annual share of first-time buyers was 31%.

Individual investors or second-home buyers, who account for many cash sales, purchased 14% of homes in December, identical to the share recorded in November 2020 and a small decline from 17% in December 2019. All-cash sales accounted for 19% of transactions in December, down from 20% in both November and December 2019.

Distressed sales5 – foreclosures and short sales – represented less than 1% of sales in December, equal to November’s percentage but down from 2% in December 2019.

“NAR will work with the incoming Biden administration in pursuit of policies promoting housing affordability and accessibility,” said NAR President Charlie Oppler, a Realtor® from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby’s International Realty. “We were pleased with the homebuyer tax credit President Biden proposed as a candidate and we look forward to continuing our work with Congress and the White House. We will aim to find common ground, especially related to ways of boosting home supply and working toward solutions that will protect and support homeownership and America’s broader real estate industry.”

According to Freddie Mac, the average commitment rate(link is external) for a 30-year, conventional, fixed-rate mortgage decreased to 2.68% in December, down from 2.77% in November. The average commitment rate across all of 2020 was 3.11%.

Single-family home sales rose at a seasonally-adjusted annual rate of 6.03 million in December, up 0.7% from 5.99 million in November, and up 22.8% from one year ago. The median existing single-family home price was $314,300 in December, up 13.5% from December 2019.

Single-family and Condo/Co-op Sales

Existing condominium and co-op sales were recorded at a seasonally-adjusted annual rate of 730,000 units in December, up 1.4% from November and up 17.7% from one year ago. The median existing condo price was $272,200 in December, an increase of 6.9% from a year ago.

Regional Breakdown

Median home prices increased at double-digit rates in each of the four major regions from one year ago.

December 2020 saw existing-home sales in the Northeast climb 4.5%, recording an annual rate of 930,000, a 27.4% increase from a year ago. The median price in the Northeast was $362,100, up 19.0% from December 2019.

Existing-home sales in the Midwest were unchanged, recording an annual rate of 1,590,000 in December, but up 26.2% from a year ago. The median price in the Midwest was $235,700, a 13.7% increase from December 2019.

Existing-home sales in the South increased 1.1% to an annual rate of 2,860,000 in December, up 20.7% from the same time one year ago. The median price in the South was $268,100, an 11.3% increase from a year ago.

Existing-home sales in the West fell 1.4% from the month prior, recording an annual rate of 1,380,000 in December, a 17.9% increase from a year ago. The median price in the West was $467,900, up 14.2% from December 2019.

The National Association of Realtors® is America’s largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

For local information, please contact the local association of Realtors® for data from local multiple listing services (MLS). Local MLS data is the most accurate source of sales and price information in specific areas, although there may be differences in reporting methodology.

NOTE: NAR’s Pending Home Sales Index for December is scheduled for release on January 29, and Existing-Home Sales for January will be released February 19; release times are 10:00 a.m. ET.


1 Existing-home sales, which include single-family, townhomes, condominiums and co-ops, are based on transaction closings from Multiple Listing Services. Changes in sales trends outside of MLSs are not captured in the monthly series. NAR rebenchmarks home sales periodically using other sources to assess overall home sales trends, including sales not reported by MLSs.

December 2020 home sales report is based on closings, differ from the U.S. Census Bureau’s series on new single-family home sales, which are based on contracts or the acceptance of a deposit. Because of these differences, it is not uncommon for each series to move in different directions in the same month. In addition, existing-home sales, which account for more than 90% of total home sales, are based on a much larger data sample – about 40% of multiple listing service data each month – and typically are not subject to large prior-month revisions.

The annual rate for a particular month represents what the total number of actual sales for a year would be if the relative pace for that month were maintained for 12 consecutive months. Seasonally adjusted annual rates are used in reporting monthly data to factor out seasonal variations in resale activity. For example, home sales volume is normally higher in the summer than in the winter, primarily because of differences in the weather and family buying patterns. However, seasonal factors cannot compensate for abnormal weather patterns.

Single-family data collection began monthly in 1968, while condo data collection began quarterly in 1981; the series were combined in 1999 when monthly collection of condo data began. Prior to this period, single-family homes accounted for more than nine out of 10 purchases. Historic comparisons for total home sales prior to 1999 are based on monthly single-family sales, combined with the corresponding quarterly sales rate for condos.

2 The median price is where half sold for more and half sold for less; medians are more typical of market conditions than average prices, which are skewed higher by a relatively small share of upper-end transactions. The only valid comparisons for median prices are with the same period a year earlier due to seasonality in buying patterns. Month-to-month comparisons do not compensate for seasonal changes, especially for the timing of family buying patterns. Changes in the composition of sales can distort median price data. Year-ago median and mean prices sometimes are revised in an automated process if additional data is received.

The national median condo/co-op price often is higher than the median single-family home price because condos are concentrated in higher-cost housing markets. However, in a given area, single-family homes typically sell for more than condos as seen in NAR’s quarterly metro area price reports.

3 Total inventory and month’s supply data are available back through 1999, while single-family inventory and month’s supply are available back to 1982 (prior to 1999, single-family sales accounted for more than 90% of transactions and condos were measured only on a quarterly basis).

4 Survey results represent owner-occupants and differ from separately reported monthly findings from NAR’s Realtors® Confidence Index, which include all types of buyers. Investors are under-represented in the annual study because survey questionnaires are mailed to the addresses of the property purchased and generally are not returned by absentee owners. Results include both new and existing homes.

Ready to make a Move?

Bardell Real Estate are the experts in helping you with your selling, buying or renting needs near Orlando, Florida. Make your Disney area experience a forever memorable one. Call us now to speak to a real estate agent.

Just Listed- 533 HIGHER COMBE DR DAVENPORT FL

Just Listed- 533 HIGHER COMBE DR DAVENPORT FL

533 HIGHER COMBE DRIVE, DAVENPORT, FL

Just Listed

$ Click for current price
5 BEDROOMS | 3 full baths BATHROOMS | 2949 SqFt

One of the best parcels in the popular Highlands Reserve golf community. A pie shaped lot at the end of a quiet cul-de- sac with a 180 degree elevated view over the golf course and Green Swamp conservation area in the distance – the sunsets from the pool deck are truly breathtaking. Original owner from new the home has been meticulously maintained. Tiled throughout the downstairs living area the entrance hall leads into a formal living and dining area and provides access to a fully equipped kitchen at the heart of the home with access to a separate breakfast area. A family room with sliding patio doors overlooks the pool area and offers ample room to relax or entertain in this spacious, open floor plan. A good sized bedroom adjacent to the house bathroom completes the first floor accomodation. Upstairs the master bedroom overlooks the golf gourse and benefits from a good sized ensuite bathroom with tub, separate shower and dual sink. The loft area with built-in desk separates the remaining bedrooms and provides a great work space while the banister railing and picture window ensure lots of natural light. Stepping outside the covered lanai provides the perfect place for al-fresco dining and the inground swimming pool (resurfaced 2020) offers the perfect place to relax in the Florida sunshine. Located close to schools, shopping, restaurant’s, and easy access to Hwy 192, I4 and all the Central Florida attractions this would make a great family home or snowbird/vacation home. Sold fully furnished so if you are looking for something special to make your own……..this has to be on your viewing list!!