Tuesday, August 18, 2009

Real Estate Prices and sales volume show signs of recovery….

I read this article today on RealtyTimes.com by Kenneth R. Harney; here is the jist of the article:

Sales of existing homes and condos continue to power the real estate market, in some areas they're up by double digits, and despite all the negative headlines about foreclosures, even prices are rising in many places as well.
Sales in the second quarter ending June 30 jumped by nearly 4 percent countrywide, according to the National Association of Realtors. Second quarter sales in 39 states were higher than the first quarter, as they were in 129 out of the 155 largest markets.
New York saw an impressive 22 percent increase for the quarter.
Wisconsin. California, Michigan and Minnesota all registered double-digit sales gains.
In the Denver area home prices were 6 percent higher in June than in May, and resale numbers increased by 32 percent.
Average prices in Boston gained 2.9 percent for the month, according to IAS. In Chicago they were up 1.3 percent, Los Angeles 2.2 percent, San Francisco 1.7 percent, and San Diego 1.4 percent.
Most economists, and even the Federal Reserve, are encouraged that the recession will be over this year. I am convinced along with them…now if we can get the media to start reporting the positive news instead of dwelling on the negative, we might just fix this mess.
On an international level, I recently read that in the Bahamas prices have held steady, Belize continues to hold property value, the Dominican Republic is doing well and in Nicaragua, well…get ready for some real good buzz in this country as the laws have changed drastically for the first time years, making it more attractive to own beachfront property…which leads me to this new release I have come across.

Special Pricing on 4 Beachfront Home Sites in Nicaragua

The all new Isla Mariana Beach & Marina Resort has just released 4 stunning beachfront home sites:
Home site 1H: 30 feet of beach frontage, only $ 45,000 USD
7G: 40 feet of beach frontage, only $ 59,995 USD
3F: 60 feet of beach frontage, only $ 90,000 USD
7F: 72 feet of beach frontage, only $108,000 USD

Phase One of this spectacular resort community originally sold out at pre-construction prices in just 6 months. These home sites are now being offered in an advance notice of Phase Two (which the developer tells me will be announced publicly any day).

Isla Mariana Beach & Marina Resort is a hidden oasis located on the secluded island of Isla Real de Las Peñ as, situated on the virgin beaches of Nicaragua's Pacific Coast. This 17-acre retreat offers some of the world's best fishing, a sailing school for the adventurous, exciting water sports, sunny and rare volcanic sand beaches, gorgeous swimming pool, gracious accommodations, exquisite dining at the Beach Grill Restaurant, Plumeria Spa, and the casual, relaxed pace of Nicaragua.

Financing and building packages are available; for more information, including site plans, maps and photos of this incredible Pacific Ocean front development please click here.

What ever you do...hit 'em straight!


1 comment:

Caribbean Property said...

Looks like a good investment. I feel caribbean properties will be a good long term investment. Great rental returns and established holiday destination.