The ‘Sailfish Capital of the World’

Stuart / Sewalls Point

The ‘Sailfish Capital of the World’ —Stuart offers— a wide array of activities to visitors, including waterfront and sidewalk cafes, Fodor rated restaurants, one-of-a-kind boutiques, working studio and art galleries, antique shops, museums, a weekly Green Market, monthly waterfront jazz concerts, antique car shows, juried art festivals, and arts and craft festivals providing color and fun throughout the year. The landmark Lyric Theatre, built in 1926 as a silent movie house, brings a full slate of concerts, shows and cultural events to Stuart.

Downtown celebrations include Fourth of July and Christmas festivals, Fall Stuart Stroll, Dancing in the Streets, a variety of parades, and Pirate’s Day in the summer. The Stuart Boat show comes to town for three days every January. And, in November the Stuart Air Show turns all eyes to the sky for two days of aerial acrobats, static ground displays and vintage aircraft.

Adventurers wanting to get back to nature, will find an array of outdoor options in the area, including paddling, hiking, biking and birding options at Halpatiokee Regional Park or discovering the pristine and often deserted beach at St. Lucie Inlet Preserve State Park. Stuart is located on the eastern point of the Okeechobee Waterway, a 54 mile long waterway and Florida’s only cross-state canal, which extends from the Atlantic Ocean in Stuart to the Gulf of Mexico in Ft. Myers. One more golden nugget: Stuart was named America’s Most Beautiful City in 2008 by America In Bloom. If you are looking to buy a luxury condo or a vacation home in Stuart please contact me.

Ken Duncan Realtor now working as your Realtor in Jensen Beach with Real Estate of Florida. Helping customers to buy and sell  homes in Martin County , Port St Lucie, Stuart, Palm City and Sewalls Point.

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Stuart. Please view  http://kenduncanrealtor.com/category/homesforsale/ for a few homes for sale in Stuart Florida  If you are interested in listing your home with  Ken Duncan and Real Estate of Florida in Jensen Beach please contact me.

 Ken@yourfraction.net

 305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate NeedsIf this is not the type of home you are looking for. I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

Your Realtor for Jensen Beach Florida

Jensen Beach / Rio

Real Estate of Florida in Jensen Beach

From the moment you enter the historic downtown area of Jensen Beach, the town’s “Pineapple Capital of the World” heritage becomes strongly evident.

Charming Florida cottages lined with picket fences and carved pineapples showcase local artists and their works, historic porch-fronted homes offer five-star dining, family eateries sporting Caribbean colors and motif exude a Key West type of ambiance, and a variety of small locally owned shops provide a wide array of shopping experiences. Every Thursday, locals and visitors alike head downtown for Jammin’ Jensen—a street side affair full of live entertainment, food and fun. And, in November, the downtown hosts the Jensen Beach Pineapple Festival, an annual three-day event jam-packed with music, food, rides and entertainment for the entire family. http://www.jensenbeach.com/

Outside of downtown, Indian Riverside Memorial Park, a 54-acre waterfront park, features an interactive water play fountain, walking paths and a 780’ scenic fishing pier. Here the newly opened Children’s Museum of the Treasure Coast is also found. The 12,500 square foot museum offers children and families a place to explore and learn through hands-on, interactive activities.

 

 An indoor regional mall, Treasure Coast Square also is found in Jensen Beach and offers shoppers 120 brand name stores. There has never been a better time to buy a new home in Jensen Beach. Eagle Marsh has some great bargains on golf course properties please contact me if you are looking for a golf course vacation home in Jensen Beach Florida. Real Estate of Florida in Jensen Beach

http://www.surfline.com/surf-report/jensen-beach-florida_4425/

Ken Duncan Realtor now working as your Realtor in Jensen Beach with Real Estate of Florida. Helping customers to buy and sell  homes in The Pines, Pinecrest Lakes, Eagle Marsh Indian River Road and Hutchison Island. 

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Palm City and Palm Cove Country Club. Please view  http://kenduncanrealtor.com/category/homesforsale/ for a few homes for sale in Eagle Marsh Country Club. If you are interested in listing your home with  Ken Duncan and Real Estate of Florida in Jensen Beach please contact me.

Buyers Agent on the Treasure Coast. I would be happy to act as your agent working with you from start to finish on the purchase of your new luxury golf  home on the Treasure Coast

Jensen Beach  Stuart  Palm City  Eagle Marsh Golf Club  Europe  City Place Vacation Rental The PGA Village Port St Lucie  Hammock Creek Golf Club Harbor Ridge Golf Club Stuart Yacht and Country Club

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Your Realtor in Palm City

Palm City

The small town of Palm City borders the St. Lucie River. In addition to several regional parks offering tennis, bicycling, hiking and horseback adventures, Palm City’s waterfront parks provide great access for boating, paddling and fishing enthusiasts. Golfers will find world-class golfing facilities here, including those designed by the likes of Jack Nicklaus and Chi Chi Rodriguez, as well as camping at Phipps Park, where fishing, nature trails, picnic areas, and a boat ramp provide a relaxed outdoor atmosphere.

Phipps Park also overlooks the St. Lucie Locks, a spillway structure built for flood and regulatory flow control through the St. Lucie Canal to manage the water level in Lake Okeechobee. Approximately 10,000 boats pass through the locks annually; 91% are recreational vessels. I am happy to find you the perfect vacation home in Palm City email me at ken@yourfraction.net

Buyers Agent on the Treasure Coast. I would be happy to act as your agent working with you from start to finish on the purchase of your new luxury  home in Plam City Florida

Jensen Beach  Stuart  Palm City  Eagle Marsh Golf Club  Europe  City Place Vacation Rental The PGA Village Port St Lucie  Hammock Creek Golf Club Harbor Ridge Golf Club Stuart Yacht and Country Club

http://kenduncanrealtor.com/category/foreclosure/
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Ken Duncan Realtor now working as your Realtor in Jensen Beach with Real Estate of Florida. Helping customers to buy and sell  homes in Martin County , Ports St Lucie, Stuart, Palm City and Sewalls Point.

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Palm City and Palm Cove Country Club. Please view  http://kenduncanrealtor.com/category/homesforsale/ for a few homes for sale in Eagle Marsh Country Club. If you are interested in listing your home with  Ken Duncan and Real Estate of Florida in Jensen Beach please contact me.

 Ken@yourfraction.net

 305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate NeedsIf this is not the type of home you are looking for. I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

Eagle Marsh Country Club

Eagle Marsh Enterprises gives you access to the facilities and services you need to enjoy the very best in South Florida living. Our Jensen Beach location is in the heart of Florida’s Treasure Coast, an area that offers a lifestyle that is truly among the most gratifying in the world.

 Eagle Marsh provides Treasure Coast residents and visitors with two outstanding golf clubs, excellent dining and banquet facilities, a full-service water sports school, a luxury limousine service and world-class irrigation and landscaping services. We welcome you to the online home of our family of companies and hope that we will soon have the opportunity to serve you.Eagle Marsh Golf ClubA Tommy Fazio Masterpiece, Eagle Marsh Golf Club is the premier destination for a golfing experience in South Florida. Its solid reputation for overall conditioning, unparalleled greens, and host of challenging holes makes it a truly memorable experience.
Sandpiper Golf Club

Take advantage of Sandpiper Golf Club’s eighteen hole regulation course located in south Port St. Lucie, in one of the city’s most exclusive areas. Sandpiper always delivers a pleasant and relaxing afternoon of golf.
Eagles Nest Restaurant & Banquet Hall We are conveniently located at the Eagle Marsh Golf Club, right off Jensen Beach Blvd. in Jensen Beach, the heart of the Treasure Coast of South Florida. Our facilities are available for lunch, banquets, functions, special occasions, meetings, events & much more.

Eagle Marsh is proud to be part of the community and is proud of the organizations surrounding the Golf Course as a whole. Our membership is comprised of some of the finest people around and our members have proven to be supportive, enthusiastic and fun.

The members of Eagle Marsh Golf Club have worked hard to establish and organize both the Men’s Golf Association and the Women’s Golf Association, where throughout the year, enjoy many events and outings which are elegant, exciting and some times competitive. Eagle Marsh Golf Club is proud to be considered home for the associations and looks forward to what the future holds.

 Eagle Marsh Luxury Limousine Service

Eagle Marsh Luxury Limousine offers safe, professional and reliable transportation all over Florida. Our 18 passenger Hummer stretch limo, 16 passenger Excursion Stretch limo, Lincoln 8 passenger stretch limo and 4 passenger sedans are perfect for any occasion!
Landscaping & Irrigation Services

In addition to keeping our own courses in world-class condition, we also provide and maintain irrigation and landscaping systems to clubs and facilities throughout the Treasure Coast.

 Ken Duncan Realtor now working as your Realtor in Jensen Beach with Real Estate of Florida. Helping customers to buy and sell  homes in Martin County , Ports St Lucie, Stuart, Palm City and Sewalls Point.

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Eagle Marsh Country Club. Please view  http://kenduncanrealtor.com/category/homesforsale/ for a few homes for sale in Eagle Marsh Country Club. If you are interested in listing your home with  Ken Duncan and Real Estate of Florida in Jensen Beach please contact me.

 Ken@yourfraction.net

 305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate NeedsIf this is not the type of home you are looking for. I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

 

Was $1,350,000 Now On Sale $350,000 Tesoro Port St Lucie

You have to see this former model home and save a million dollars over 2008 pricing. Some of the furniture pictured has been removed. Be a part of the tremendous Tesoro Club. Enjoy the 108,000 sq ft club house, swim and racquet facility.Last year this house was the builder’s model.

Save yourself $1,000,000 from last year’s price!

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 Located in the desirable Tesoro Preserve minutes from the hospital and Civic Center. Watch your equity grow as the community develops. Three miles of walking trails where you can observe Florida’s natural condition and inhabitants. All I can say is you have to see it to appreciate the details and upgrades in this house. There isn’t another opportunity like this on the Treasure Coast! Some of the furniture has been removed, so bring your own to add to the high end items that are there. Hurry before it is gone! The price is 34 cents on the dollar of the amount of the loan. When the market bounces, it will be obvious by the rising prices. This price will not be lower. The next price change will be higher indicating a bounce has taken place. Put in your offer now before that happens and save thousands. Upgrades throughout the house along with the attention to detail this builder used can’t be dup licated for twice the price. Your club dues allow you to play on either of the two championship golf courses at Tesoro, play tennis on any of the 11 Har Tru tennis courts, swim in the elegant pool or work out in the weight room. The swim bar with thr ee tv’s and gas fire pit make this a relaxing get away where you can meet with friends to reconnect. Get your membership in Tesoro and live the good life.

Design:Tuscan View: GARDEN Const: CBS WtrFrt: NONE Unt Desc: Secur: SEC SYST/OWN Roof: Barrel Mmbrsh: CLUB MEM REQ Floors: Marble, WOOD, CARPET Cool: CENTRAL Frnsh: Furnishd Onl Heat: CENTRAL Dining: Formal, EAT IN KITCH Utilities: ELEC AVAIL, PUBLIC WATER, PUBLIC SEWER Gst Hse: Boat Service: MBR/MBath: Sepshower, SEPBATH, DUAL SINKS Spec Info: Rooms: Great Restrictions: NONE Window/Trmts: FeeIncl: COMMON AREA Equip/Appl: Washer, DRYER, REFRIGERATOR, GAS WTR HTR, WALL OVEN, CNTRL VAC, AUTO GAR DR, MICROWAVE, Range Private Pool: Inground, FREEFORM, EQUIP INCL, SPA Parking: Lot Desc: Lt 1/4 Acre MH Features: Subdv Info: Golf Course, POOL, TENNIS, CLUBHOUSE, EXER ROOM, SAUNA, SPA- HOT TUB, SIDEWALK Interior: Vol Ceil, SPLIT BEDRMS, ROMAN TUB, WLK IN CLOS, ENT LVL LIV Exterior: Covrd Patio, OPEN PATIO, COVRD BAL, AUTO SPRINK, FENCE, BLT IN GRILL

 

Living Rm: 20 x 15 Den: Master BR: 18 x 15 Liv SqFt: 2,627 BR: 3 Kitchen: 12 x 12 Family Rm: Bedroom 2: 13 x 12 Tot SqFt: 3,530 FB: 2 Dining Rm: 15 x 13 Florida Rm: Bedroom 3: 13 x 12 Guest Hse: HB: 1 Dining Ar: 10 x 10 Patio/Balc: 18 x 10 Bedroom 4: Yr Built: 2007/ NEW Utility: 10 x 5 Porch: 18 x 10 Bedroom 5: Pool Size: 20 x 12 Pets: Y

There are larger units available but these units need finishing.

 I am happy to manage works if you may be interested in purchasing one of these homes

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Tesoro Port St Lucie.

Let me help you find your dream home in South Florida! 

If you are looking for the right move abroad South Florida is the place to invest.

Ken@yourfraction.net

305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate Needs

If this is not the type of home you are looking for. I would be happy to act as your agent to help find you the right home.

Please call or email me and I will start searching for you

 

Ken Duncan Realtor now working as your Realtor in Jensen Beach with Real Estate of Florida. Helping customers to buy and sell  homes in Martin County , Ports St Lucie, Stuart, Palm City and Sewalls Point.

Survey finds Realtors hopeful

Survey finds Realtors hopefulTAMPA – Aug. 25, 2009 – For anyone in the market to buy a home, there’s one question on everyone’s mind:

Will home prices continue to fall?

Home buyers may get conflicting advice.

About 46 percent of the nation’s real estate agents think home prices will stay the same over the next six months, according to a report released today from Calif.-based HomeGain. The report showed 31 percent of agents think prices will decrease, while 23 percent think prices have hit the bottom and will actually start to increase.

HomeGain surveyed more than a thousand agents across the country earlier this month.

“The vast majority of Realtors expect prices to remain the same or increase in the next six months,” said Louis Cammarosano, general manager of HomeGain. The real estate company focuses on marketing and surveys agents quarterly to gauge what they’re seeing in the market.

In order for that to happen, though, agents are trying to convince their clients to price homes correctly.

“Buyers continue to believe that homes are overpriced and expect bargains, while a greater percentage of sellers, perhaps emboldened by stabilizing conditions, think their homes should be priced higher than their (agents) are recommending,” Cammarosano said.

Agents who responded to the survey said they think lower inventory levels will help prices stabilize. Only time will tell if the agents are correct. But recent sales data doesn’t show a stop in falling prices. Monthly drops, though, have been getting smaller and have recently even increased.

The median sales price of existing home sales in the Tampa-St. Petersburg-Clearwater area fell 19 percent in July to $143,100, compared to the previous year, according to the Florida Association of Realtors. Condominiums, whose sales rose 39 percent, saw median sales prices fall to $98,000 from $147,300 a year ago.

Even though year-long comparisons show big drops, monthly changes don’t.

The median sales price for single-family homes was $141,100 in May and $139,400 in June. Economists say it would take several more months before they can say prices have stabilized.

I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Port St Lucie

Let me help you find your dream home in South Florida! 

If you are looking for the right move abroad South Florida is the place to invest.

Ken@yourfraction.net

305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate Needs

Florida’s existing home, condo sales up in July 2009

Florida’s existing home, condo sales up in July 2009

ORLANDO, Fla., Aug. 21, 2009 – Florida’s existing home sales rose in July – the 11th month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide existing home sales in July also rose over the previous month’s sales level.

Existing home sales rose 37 percent last month with a total of 15,882 homes sold statewide compared to 11,595 homes sold in July 2008, according to FAR. Statewide existing home sales in July increased 0.2 percent over June’s statewide activity. Florida Realtors also reported a 48 percent rise in statewide sales of existing condos in July.

Eighteen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales in July; the same number of MSAs also showed gains in condo sales. A majority of the state’s MSAs have reported increased sales for more than a year (13 consecutive months).

To gain insight into current trends in Florida’s real estate industry, the University of Florida’s Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. According to the recent second quarter 2009 survey, investor confidence in the outlook for business and availability of money are reasons for cautious optimism.

“I think we’re on the road to recovery and even though most markets report they’ve seen the bottom, it’s going to be a long climb,” said Timothy Becker, the center’s director. He noted that the investment outlook for single-family development increased to its highest level since the survey began, with more respondents than ever believing it is a good time to buy.

Florida’s median sales price for existing homes last month was $147,600; a year ago, it was $193,800 for a 24 percent decrease. According to housing industry analysts with the National Association of Realtors® (NAR), sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in June 2009 was $181,600, down 15 percent from a year earlier, according to NAR. In Massachusetts, the statewide median resales price was $306,000 in June; in California, it was $274,740; in Maryland, it was $274,008; and in New York, it was $189,900.

Several positive market factors are influencing the housing sector, notes NAR’s latest industry outlook. “Historically low mortgage interest rates, affordable home prices and a large selection are encouraging buyers who’ve been on the sidelines,” said NAR Chief Economist Lawrence Yun. “Activity has been consistently much stronger for lower priced homes. We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditions.”

In Florida’s year-to-year comparison for condos, 5,035 units sold statewide compared to 3,396 units in July 2008 for a 48 percent increase. The statewide existing condo median sales price last month was $108,300; in July 2008 it was $168,700 for a 36 percent decrease. The national median existing condo price was $183,300 in June 2009, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 5.22 percent last month, down significantly from the average rate of 6.43 percent in July 2008, according to Freddie Mac. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state’s smaller markets, the Pensacola MSA reported a total of 371 homes sold in July compared to 321 homes a year earlier for a 16 percent increase. The market’s existing home median sales price last month remained level compared to a year ago at $157,800. A total of 48 condos sold in the MSA in July, up 23 percent over the 39 units sold in July 2008. The existing condo median price in July was $250,000; a year earlier, it was $325,000 for a 23 percent decrease.

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Martin County

Let me help you find your dream home in South Florida! 

If you are looking for the right move abroad South Florida is the place to invest.

Ken@yourfraction.net

305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate Needs
If this is not the type of home you are looking for.

I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

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Ocean Front Condos North Miami Beach/ Bal Harbor

Foreclosure Ocean front condos in Miami Beach and North Miami Beach

These are just a few of the many units in foreclosure that are available for sale at bargain prices. Please contact me for more details.

1)  (1354029) 19380 COLLINS AV # 327  . Two bedroom 2 bathroom, 1500 square feet codo overlooking the ocean $150,000

2)  ( 135474)200 South island Drive Sunny Isles Beach Dade County. 3000 square foot home on the water 3 bedroom 3 bathroom.$2,500,000

3) (1345072)435 POINCIANA ISLAND DR # 1435 Sunny Isles Beach Dade Florida 2200sq/ft condo with private dock 2bedroom 2 bathroom $350,000

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Port St Lucie Florida

Let me help you find your dream home in South Florida! 

If you are looking for the right move abroad South Florida is the place to invest.

Ken@yourfraction.net

305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate Needs
If this is not the type of home you are looking for.

I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

Attractive 3 Bedroom CBS Home

VIEWING HIGHLY RECOMMENDED
Attractive 3 bedroom CBS home built in 2003 in a popular area of Port St lucie close all the local amenities. This is a very spacious and bright home representing excellent value for money.Large master bedroom is split from the remaining 2 bedrooms. Well equiped kitchen with ample cupboard and counter space. Nice size family room, kitchen dining area and lounge. Screened in back porch with large back yard with lots of room for a pool.

847 SE Carnival Ave
Port Saint Lucie, FL 34983-2709
$119,900.00

Lot Frontage: : 80 Bedrooms: : 3
Lot Depth: : 125 Total Baths: : 2
Lot Acres: : .2296 Full Baths: : 2
Lot Sq Ft: : 10,000
Living Sq Ft: : 1,954 Heat Type: : Forced Air
Total Adj Bldg Area: : 1954 Porch: : Aluminum Patio/Porch
Total Bldg Sq Ft: : 2,552 Garage Type: : Attached Garage
Stories: : 1 Garage Sq Ft: : 418 
Year Built: : 2003

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I  have been involved in the property and building industry for 30 years. My experience together with my personal knowledge of the market in Florida is an extremely valuable asset to have working for you in your search for a Florida vacation home or investment property.I would be happy to act as your Realtor in Port St Lucie

Let me help you find your dream home in South Florida! 

If you are looking for the right move abroad South Florida is the place to invest.

Ken@yourfraction.net

305-320-6744

Serving all of Martin County and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL Real Estate Needs

If this is not the type of home you are looking for. I would be happy to act as your agent to help find you the right home.

Please call or email me and I will start searching for you

Front View Close up

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High-end homes: is the tide turning?

High-end homes: is the tide turning?

HORSHAM, Penn. – Aug. 14, 2009 – High-end homes appear to be selling better than analysts thought.

Toll Brothers (TOL), the nation’s largest luxury homebuilder, on Aug. 12 announced its first year-over-year increase in signed home contracts since 2005, suggesting that first-time buyers might not be alone in driving improving U.S. home sales.

The Horsham [Pa.]-based builder said that signed contracts in the quarter ended July 31 – though still low by historic standards – rose 3 percent, to 837, compared with the same period a year ago. But revenues fell 42 percent in the quarter, to $461.3 million. The company also said it has been able to reduce buyer incentives in several markets as demand and contract cancellations improve.

“Mood has changed”

No other major builder has matched Toll Brothers’ 3 percent increase in contracts signed, though a few reported a 2 percent improvement in the most recent quarter, said Barclays Capital analyst Megan McGrath in New York. The average quarterly decline in new home contracts for major public builders was about 14 percent, she said.

Toll Brothers attributed the improvement to low interest rates, government homebuyer incentives, the recent stock market surge, and decreased competition from smaller and midsize builders now frozen out of credit markets. “The mood has changed,” Chief Executive Robert Toll told analysts during a conference call. “Our traffic still stinks but those people that are coming in are more serious. They’re not just fishing any longer. Now, there’s fear on both sides. We fear not selling and they fear missing.”

McGrath said Toll Brothers is selling homes for an average of $582,000 – far below the multimillion-dollar price tags for the estates of the rich and famous commonly referred to as “luxury real estate.” The market for million-dollar homes is weak, but Toll Brothers’ homes are more modestly priced and generally don’t require “jumbo” mortgages. Those are loans that generally exceed $417,000. Toll said the company’s strongest markets are in the Northeast, particularly Connecticut, the New York suburbs, and New Jersey. But sales are also strong in the Virginia suburbs of Washington, D.C.; Delaware; Raleigh, N.C.; Orlando; Northern California; and Naples, Fla.

Too soon to tell

Shares of Toll Brothers closed 14 percent higher Wednesday, at 23.42. “There are a lot of stories in the press about how poor the luxury market has been doing,” McGrath said. “Some of it is a misunderstanding about what is luxury and Toll’s actual business.”

Michael Widner, vice-president of Stifel Nicolaus Research (SF), said it’s too early to say whether Toll Brothers’ performance represents a change in the market because the small improvement in contracts signed might be a temporary blip. “If we have seen a rebound in something other than the first-time homebuyer market, this is the first real sign of it,” Widner said. “It’s a little early to celebrate too much.”

Let me help you find your dream home in South Florida!

305-320-6744

Ken@yourfraction.net

Serving all of Martin County Jensen Beach, Stuart, Sewalls Point, Hobe Sound, Palm City and Port Saint Lucie, Choose Ken Duncan Realtor for all Your Martin County and Port St. Lucie, FL real estste needs.

If this is not the type of home you are looking for. I would be happy to act as your agent to help find you the right home. Please call or email me and I will start searching for you

Welcome to Martin County, Florida, a place of ease, unhurried moments, natural beauty and a preserved past. Just north of Palm Beach, it’s Florida’s best-kept secret, with small-town charm, secluded beaches, wide-open skylines, exquisite nature and many other reminders of yesteryear that are quickly vanishing.Your Realtor for Martin County Florida.

Historic, but modern, natural and convenient, Martin County is a charming tropical paradise that has something for everyone, no matter what your passion. Looking for a memorable family beach vacation? A romantic getaway? How about unlimited, world-class golfing, boating and fishing? It’s all here, and so much more in Martin County, the way Florida was meant to be. Your realtor for Martin County Florida
Stuart / Sewalls Point
The ‘Sailfish Capital of the World’ -Stuart offers- a wide array of activities to visitors, including waterfront and sidewalk cafes, Fodor rated restaurants, one-of-a-kind boutiques, working studio and art galleries, antique shops, museums, a weekly Green Market, monthly waterfront jazz concerts, antique car shows, juried art festivals, and arts and craft festivals providing color and fun throughout the year. The landmark Lyric Theatre, built in 1926 as a silent movie house, brings a full slate of concerts, shows and cultural events to Stuart. Downtown celebrations include Fourth of July and Christmas festivals, Fall Stuart Stroll, Dancing in the Streets, a variety of parades, and Pirate’s Day in the summer. The Stuart Boat show comes to town for three days every January. And, in November the Stuart Air Show turns all eyes to the sky for two days of aerial acrobats, static ground displays and vintage aircraft. Adventurers wanting to get back to nature, will find an array of outdoor options in the area, including paddling, hiking, biking and birding options at Halpatiokee Regional Park or discovering the pristine and often deserted beach at St. Lucie Inlet Preserve State Park. Stuart is located on the eastern point of the Okeechobee Waterway, a 54 mile long waterway and Florida’s only cross-state canal, which extends from the Atlantic Ocean in Stuart to the Gulf of Mexico in Ft. Myers. One more golden nugget: Stuart was named America’s Most Beautiful City in 2008 by America In Bloom. Your realtor for Stuart and Sewalls Point Florida

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