Our Listings Category

Summit Towers on Hollywood Beach – Market Stats

exterior-front3Here are the active listings for the Summit Towers as of May 25, 2009

Bedrooms                      No. of listings                   Price Range

1                                            7                           $219,000-295,000

2                                           18                          $295,000-519,000

3                                              4                         $459,000-675,000

Here are the closed sales for the year as of May 25th,20009

1                                              1                               $129,000

2                                              2                               $270,000 and $317,000

There are currently 5 pending sales

1                                               1

2                                              3

3                                              1

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Hollywood Fl: Summit Towers Unit 612 N

view of the intracoastal

view of the intracoastal

Foreclosure, pre-foreclosure, short sale:  these are the tags that many bargain driven buyers are looking for.

Not a foreclosure, not a pre-foreclosure, not a short sale:  these are the phrases that some realtors use to describe a really good deal, when the seller doesn’t have a mortgage.  And those are the phrases that savvy investors should check out.  For example, the newly listed condo at 1201 South Ocean Dr,  The Summit Towers, unit 612 N.   Outstanding features such as :

FOR ONlLY $339,000!

kitchen w. granite counters & stainless steel appliances
kitchen w. granite counters & stainless steel appliances

For more information, please contact me at

954-673-7136

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Hollywood Beach – I love it

boardwalkEvery day I can walk, jog, bicycle or roller blade on the recently refurbished  Hollywood Broadwalk. I can gaze out at the endless ocean while dining at one of the multitude of restaurants. I can people watch while sipping a cold one at one of the busy bars

But there’s more! There are also many special events taking place in May, June, and July:

The 4th Friday of each month is Classic Car Night

June 5th is the Brazilian Film Festival

Every 2nd and 4th Friday is the Broadwalk Friday Fest with an array of terrific live entertainment

Every Monday and Tuesday night is Music and Dancing Under the Stars

Hollywood 4th of July celebreation with patriotic music, children’s fun games and a spectacular fireworks display

AND GUESS WHAT   ————- IT’S ALL FREE

I love Hollywood Beach.

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Summit Towers on Hollywood Beach – Market Stats

Here are the active listings for the Summit Towers as of Dec 15,2008.

 

       Bedrooms      No. of listings            Price Range

              1                      9                 $179,000-325,000

              2                     19                $349,000-599,000

              3                      3                 $525,000-595,000

 

Here are the closed sales for the year as of Nov. 30,2008.

            1                         2                 $210,000-225,000

            2                       11                 $310,000-375,000

            3                        3                  $555,000-575,000

    There are currently 4 pending sales – all 2 bedrooms

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Reo’s: Foreclosures are not always the best real estate deals

I recently had a call from a Canadian buyer who asked me to find them a foreclosure or a short sale at the Summit Towers in Hollywood Florida.  Not an unusual request in these days of market madness.  When I responded that there are deals that are actually priced below what a short sale recently sold for, the buyer again asked for a bank-owned property. Patiently, I tried to explain that short sales frequently do not sell at the price listed by the selling realtor, but are subject to bank approvals. They are then sold to the highest bidder, and it can take months before a sale is successfully completed. On the other hand, there are condos where the seller does not have a mortgage, so there is no financial institution involvement, yet the seller is compelled to sell at prices even below a short sale.  And such deals are far more likely to come to fruition, because there are only the buyer and seller involved in the transaction.

The buyer described above persisted in his request, maintaining he was only interested in a short sale. Luckily for the Summit Towers, in the past year there have been only 2 short sales out of almost 600 units.  Now, that’s the kind of stability buyers should be looking for. And there are condos, upgraded with excellent water views, that are available at prices below the short sales. But some buyers are so focused on the mystique of the ’short sale’, they will miss out on the best deals.

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Summit Towers Hollywood Beach and the Candy cane Parade

     This will be the ninth year in a row that my family and I will be going to the 53rd annual Hollywood Beach Candy Cane Parade.  On Saturday night, we will enjoy the many floats, clowns, marching bands and local personalities. We will catch some of the thousands of candy canes which will be tossed to the crowd – to the thousands of people who have driven to the recently refurbished Hollywood broadwalk for this annual event.

     But best of all, my daughter and I do not have to drive a long distance or fight for parking. We live at the Summit Towers on Hollywood Beach – just steps to the Broadwalk. It is a leisurely ten minute stroll with the beautiful Atlantic Ocean on one side and great shops and reastaurants on the other. I know it will be a lot of fun.

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top 3 reasons everyone needs a real estate agent

3 reasons: we’re YouTube Preview Imagelooking and you need us.

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