Florida Real Estate Market Trends November 8, 2022

Hollywood, FL Area Real Estate Report

The Hollywood, FL Market is Booming!

Prices are up from October 2021 to October 2022 and the real estate market is strong. Hollywood is a highly desired location for homeowners and investors alike.

Commonly asked questions:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

 

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


⇓⇓⇓ Click the link below for the most recent Area Report ⇓⇓⇓

⇒HOLLYWOOD AREA REAL ESTATE REPORT⇐

October 2021 vs. October 2022


As always, please contact me if you would like to be automatically sent updated area market reports for Hollywood or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends November 7, 2022

Fort Lauderdale Area Real Estate Report

The market is still hot in Fort Lauderdale, FL!

There have been slowly changing trends from October 2021 to October 2022, but overall the real estate market is strong and SE Florida is a highly desired location for homeowners and investors alike.

Common questions:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

 

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


⇓⇓⇓ Click the link below for the most recent Area Report ⇓⇓⇓

⇒FORT LAUDERDALE AREA REAL ESTATE REPORT⇐

October 2021 vs. October 2022


As always, please contact me if you would like to be automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Holidays October 27, 2022

Festive Halloween Food Ideas!

Trick or Treat! 

Here are some SPOOKTACULAR treat ideas for your weekend and Halloween day! 

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CLICK ON THE PICTURES FOR A DIRECT LINK TO THE RECIPES! 

Monster Wraps, courtesy of Women’s Day Kitchen:

Monster Wraps

Photo credit, Mike Garten


Marshmallow Heads, courtesy of Women’s Day Kitchen:

Marshmallow Heads

Con Poulos/Halloween Celebrations


Peanut Butter Spider Cookies, courtesy of the Food Network:

 

Peanut Butter Spider Cookies

Photo by Matt Armendarez Copyright 2015

 


Jalepeno Popper Mummies, courtesy of Amanda’s Cookin’:

Amanda’s Cookin’


Halloween Cupcakes, courtesy of Sally’s Baking Addiction:

 


Enjoy making your fun and festive treats for the ghosts and goblins of all ages!

Annette Dammeyer, REALTOR®

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

 

Market Report October 21, 2022

West Lake Village

West Lake Village Market Report

This week’s neighborhood spotlight is on West Lake Village in Hollywood, FL. This lovely gated community has Patio Homes, Estate Homes and Townhomes. It is nestled perfectly near the beach, shopping, restaurants and parks.

Click on the MARKET REPORT link below for the latest Market Report for West Lake Village for Active, Closed and Pending properties for the last 90 days:

⇒⇒MARKET REPORT⇐⇐

 


Please contact me with any questions you may have on this neighborhood, or any other property. I am here to help!

Annette Dammeyer, REALTOR®

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Market Report October 10, 2022

Hollywood, FL Market Snapshot

Hollywood, FL Monthly Market Snapshot for October 10, 2022

Yes, the market is shifting. Average sales prices are still up a bit, but inventory is increasing. Even with the fluctuating interest rates, they are still historically low and it is still a good time to buy, especially with more homes now on the market to choose from!

 

 


Ready to buy or sell? Now is the time so contact me today to get started!

Annette Dammeyer, REALTOR®

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Homeowner September 23, 2022

Your Home is Your Sanctuary! Fall maintenance tips to keep it safe and cozy.

Fall Home Maintenance Checklist

It may not feel like Fall in SE Florida yet, but it is still a great time to keep up on those seasonal maintenance tasks to keep your home in good condition and ready for the holidays. Preventative measures protect costly repairs in the future, while adding the enjoyment of your most valuable asset.


Clean Your Gutters

Your roof’s drainage system annually diverts thousands of gallons of water from your house’s exterior and foundation walls, so it’s vital to keep this system flowing smoothly. Clogged gutters can lead to damaged exterior surfaces. A worthy addition to your gutters are mesh gutter guards to keep debris from returning and clogging your gutters.


Seal Up Air Leaks

Gaps in caulk and weatherstripping let cold air into your warm home, and sealing up a drafty house can save up to 20% on your heating bills, according to the U.S. Department of Energy. Weatherstripping is easily the most cost-effective way to reduce heating and cooling costs. You can tell that your weatherstripping needs to be replaced if it looks warped, cracked, or otherwise deteriorated; if you can feel a draft around the edge of your window or door; or if you can see light around the edges of your door or window.

In addition to inspecting weatherstripping, check for missing or damaged caulk around windows, doors, and entry points for electrical, cable, phone, and gas. Seal any gaps with a suitable caulk. If drafts around windows persist, consider getting your windows replaced. Glass with multiple panes, spacers, or filler gasses (such as argon or krypton) will likely solve these problems. A professional can swap out your problem windows with more efficient models that will increase your level of comfort while decreasing your heating bills.


Inspect Your Roof

Here in SE Florida, roof integrity is extremely important.

  • Look for Algae, Moss, or Piles of Leaves. Moss is especially dangerous because it soaks up rainwater like a sponge. The moisture can cause the wooden structure underneath your roof to mold and decay, which can compromise the structural integrity of your roof. Moss killer and/or elbow grease with a broom or brush can remove this algae.
  • Look for Buckled or Curled Shingles. Misshapen shingles can compromise the integrity of your roof, letting in water and causing poor ventilation, so they should be replaced. If more than one-third of your shingles are curling during your roof inspection and repair process, it’s time to re-shingle the entire roof.
  • Check for Damaged, Missing, or Old Shingles. Missing or damaged shingles can also let water seep through your roof. If you have wooden shingles or wood shake shingles, inspect them for signs of dry rot, either from the ground or from a ladder (don’t walk on a wooden shingle or shake roof). Asbestos, slate, or clay tile roofs can suffer from breakage, so look for cracked, chipped, broken, or altogether missing shingles. If you’re performing a metal roof inspection, check for signs of corrosion, rust, stress wrinkling, or other wear.
  • Inspect the Roof Up Close. If you get on to your roof, look for damage to the flashings around the chimney, dormers, and vent pipes. (Flashings are the metal materials on your roof that redirect water.) Damaged or corroded flashings can let water into the interior structure of your roof and could contribute to rot in the structure of your roof and the walls of your home. If you see damage, you’ll probably need to replace the flashings.

Replace Your Furnace Filter

Furnace filters trap dust that would otherwise be distributed throughout your home. Clogged filters make it harder to keep your home at a comfortable temperature, thus increasing your utility bills. Simple monthly cleaning is all it takes to keep these filters free of debris. Disposable filters can be vacuumed once before replacement. Foam filters can also be vacuumed, but they don’t need to be replaced unless they are damaged.


Give Your Furnace a Checkup

Once a year, it’s a good idea to have your heating system inspected by a professional. To avoid the last-minute rush, consider scheduling this task in early fall before the heating season begins. Here are signs that you should have an inspection performed sooner:

  • Noisy belts: Unusual screeches or whines could be a signal that belts connected to the blower motor are worn or damaged.
  • Poor performance: A heating system that doesn’t seem to work as well as it once did could be a sign of various problems. Your heating ducts might be blocked, the burners might be misadjusted, or the blower motor could be on its last legs. The first step, however, is to make sure your furnace filter is clean.
  • Erratic behavior: This could be caused by a faulty thermostat or a misadjusted furnace.

Review Emergency and Safety Features

  • Smoke and carbon monoxide detectors: Replace the batteries in each smoke and carbon monoxide (CO) detector, then vacuum them with a soft brush attachment. Test the detectors by pressing the test button. If you haven’t already, install a smoke detector on every floor of your home.
  • Fire extinguishers: Every home should have at least one fire extinguisher rated for all fire types (look for an A-B-C rating on the label). At a minimum, keep one near the kitchen; having one per floor isn’t a bad idea. Annually, check the indicator on the pressure gauge to make sure the extinguisher is charged. Make certain that the lock pin is intact and firmly in place, and check that the discharge nozzle is not clogged. Clean the extinguisher and check it for dents, scratches, and corrosion. Replace if the damage seems severe. Note: Fire extinguishers that are more than six years old should be replaced. Mark the date of purchase on the new unit with a permanent marker.
  • Fire escape plans: Every bedroom should have two exit paths. Make sure windows aren’t blocked by furniture or other items. Ideally, each upper-floor bedroom should have a rope ladder near the window for emergency exits. Review what to do in case of fire, and arrange a safe meeting place for everyone away from the house.

Touch Up the Exterior Paint on a Lovely Fall Day

Not only will it make your home look welcoming while adding curb appeal, touching up exterior paint will help protect its trim, flashing and siding from damage from the elements.


I hope these tips help you with your Fall home maintenance planning! As always, feel free to reach out to me with any of your real estate needs. 

Annette Dammeyer, REALTOR®

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Events September 2, 2022

Labor Day 2022 is Here! SE Florida Events to Enjoy..

Labor Day ~ September 5th, 2022

Labor Day, honors workers and recognizes their contributions to society.  Labor Day is celebrated on Monday, September 5, 2022.

Many celebrate this day by having a BBQ or just enjoying a quiet day of relaxation at home or outside.

If you would like to get out and about this weekend, here are a few ideas you may enjoy! Click heading links for more information.


 

September 2-5, 2022

Broward County Convention Center

1950 Eisenhower Blvd, Fort Lauderdale, FL 33316

Friday – Noon – 8:30 pm | Saturday – Noon – 8:30 pm | Sunday – Noon – 8:30 pm | Monday – Noon – 6:30pm


Exhibition: Free Our Seas – Closing Weekend at Flamingo Gardens

This is the final weekend guests can view Free Our Seas’ “Flotsam Fauna” exhibit of sculptures created by Free Our Seas and Beyond from more than 1,000 pounds of marine debris found on the shores of South Florida beaches which highlight the importance of ocean conservation. Inside the “Pollution Solutions” exhibit in the Gallery, guests will discover some fascinating facts about our oceans, mangroves and the Everglades, and some simple solutions to the pollution that threatens their existence.

Weekend Activities:

  • Live entertainment by saxophonist Reuben Gonzalez, from 1pm – 3pm.
  • Kids’ Corner free conservation activities from 10am – 4pm.
  • Conservation booths presented by Free Our Seas and Beyond, the NSU Alvin Sherman Library and the Museum of Discovery & Science STEMobile.

The Free Our Seas and Beyond booth will have alternative, eco-friendly items available for purchase and will help kids learn about ocean pollution with a conservation craft project.


Las Olas Oceanside Park Farmers, Antique and Artisan Market

Taking place every Saturday from 9 am – 4pm, the Las Olas Oceanside Park Farmers, Antiques and Artisan Market features an eclectic array of traditional market fare. Visitors will delight in the 40+ local and artisan vendors  displaying a fine selection of organic produce, international cheese, baked goods, plants, clothing, jewelry, art and so much more.


Enjoy Hollywood Beach and Broadwalk

Nestled between Miami and Ft. Lauderdale, Hollywood, Florida is known for its beautiful stretch of beach, perfect for a beach vacation. With oceanfront hotels and resorts, you will find the perfect accommodation for a weekend getaway or staycation. You can find unique shopping, beachfront restaurants and bars along Hollywood’s Broadwalk, in addition to yearlong activities, water sports, and live music.

Courtesy of City of Hollywood, FL


Have a safe and relaxing Labor Day Weekend!

If you would like to do some home shopping or selling this weekend, contact me. I am here to help!

Annette Dammeyer, REALTOR®

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home Sellers and Buyers August 23, 2022

“But Zestimate said…?!” AVM and CMA Explained

AVM and CMA Explained

How do you get an accurate estimate of the current value of your home, or a property you are interested in purchasing? There are a few ways, two of the most commonly used are the AVM and the CMA. What are these you may ask? You likely see an example of an AVM if you are looking at websites that give an automatic value of a property you have searched or when you are scrolling through homes for sale. If you have had a real estate professional research a property for you, then you may have received a CMA from them.

 

AVM = Automated Valuation Model

CMA = Comparable Market Analysis

 

First, let’s discuss the difference between the two.

AVM

AVM, an Automated Valuation Model is a software-based tool that’s used in residential and commercial real estate to determine property value. The service uses mathematical or statistical modeling with a combination of existing databases to determine the value of a particular property. AVM reports are driven by technology, including proprietary algorithms, and can be obtained in seconds by lenders and agents. AVMs use historical data and may not be up to date.

Examples of property data used by an AVM:

  • Property size (acreage)
  • Home size (square footage)
  • The number of rooms (bedrooms, bathrooms, etc.)
  • General location (state, city, zip code, and sometimes even neighborhood)
  • Property price history
  • Property tax valuation history
  • Property historical sales information

CMA

CMA, a Comparable Market Analysis is an estimate of a home’s value used to help sellers set listing prices, and to help buyers make competitive offers. Agents and brokers complete CMAs utilizing the list of property data used in AVMs as a starting point, but then research additional information. Agents will look at some very crucial home specific data that can significantly change what an AVM will not take into consideration. These items include:

  • Actual current condition of the home. We will take note of the home’s size (particularly the livable space), age, style, construction, condition, layout, finishes, landscaping, and notably upgrades and updates or significant deferred maintenance that can have a considerable impact on the estimated value.

 

  • Neighborhood evaluation including the general quality of the neighborhood. Where are the more attractive blocks? How close are community amenities? How close are community nuisances? What are the HOA rules? How are the schools? Are there any issues with curb appeal?

 

  • Research on the Expired, Sold and Active listings will reflect today’s market, not the market months ago. Agents will see what homes did not sell at a price point and how long before they sat on the MLS before they expired. Just sold properties are available and up to date for the most current comparables. The active for sale homes will be today’s competition to review, along with the days on market reflecting what the market will bear.

 

Having a CMA completed by an agent who has local knowledge of the area, the trends and possible city and neighborhood plans is priceless.  We can actually drive the neighborhood and physically visit the home and can provide you with a thorough professional estimate. There is no substitute for the human touch and research compiled beyond a mathematical algorithm calculated by just the “averages” in an area.

As an experienced REALTOR®, I can help you with an estimated value for your home, or the property you are considering buying. I will diligently research and compile property-specific details applying the principles of substitution and adjustments with the most comparable properties to your desired property.  An AVM may be “instant” with the click of a button on an online website, but a CMA will empower you to make the most informed decisions on pricing your property.


Take the guessing out of “what is my home worth?” and call me today. I am here to help.

Annette Dammeyer, REALTOR®

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends August 10, 2022

Hollywood, FL Area Report

Hollywood, Florida has so much to offer!

Real estate in Hollywood is a fantastic investment. Click the link below to view the most recent real estate statistics released for July, 2022.

Hollywood, FL Area Report – July, 2022


As always, please contact me if you would like to be automatically sent updated area market reports for Hollywood, or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends August 8, 2022

Fort Lauderdale Area Report

July Real Estate Results Have Been Released

Here are the real estate market statistics for the Fort Lauderdale area.

REPORT

 

https://mce.cbprospectsquare.com/mce/prj/cwb/history/MT/2022-07/MT_150497_29051935_1588915_114816.htm

 

As always, please contact me if you would like to be automatically sent updated area market reports of Fort Lauderdale, or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792