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This is an interesting report. Quite surprised to see that Miami doesn’t have the top slot for the first time this year. St Petersburg-Tampa-Clearwater have moved into 11th place. Nice!

detroit

Where are international home shoppers looking in the U.S.? Each month, we assemble our International Demand Report, examining which metros garner the most interest from international users on realtor.com®.

Miami Falls Out of Top Slot, Los Angeles Takes Over

Miami was ranked #1 during both February and January this year. As we ease out of the grips of winter, international buyers may be more willing to look beyond the dreams of beaches and vacation life offered by Miami. Miami has dropped to rank #4, and Los Angeles moves into the top slot. The last time Los Angeles was ranked at #1 was from September to November last year.

Despite this slip, expect to see Miami bounce back in the coming months.

Detroit Jumps To 2nd Place

It’s not common to see too much of a shift in the top ranks of international demand. So it was a bit of a shock when the Detroit metro area jumped 24 spots all the way to rank #2. Such a drastic jump warranted additional investigation. We tracked the activity down to a listing that went viral on social media which bolstered traffic from Canada and the UK.

However, even when we went back into the data and removed the traffic directly related to that listing, we saw that this listing generated substantial residual traffic to the rest of the Detroit area. It’s this residual traffic that ultimately propped up Detroit this month.

Explore these trends and more on our international demand page.

international demand march 2018

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On January 24th, 2018, the Pinellas International Council will co-host this class with the Asian Real Estate Association of America, Partnered with Bailey Glasser LLP: 

“Leverage Social Media For Success & To Connect With International Clients.”

~~Registration is required, however, PIC Members are Free. Others $15. ~~ Please Go to PinellasRealtor.org, Education and Events Calendar.

Jan 24th, 2018  11:30-3:30pm   held at Pinellas Realtor Organization, 4590 Ulmerton Road, Clearwater, Florida

  https://www.calendarwiz.com/calendars/popup.php?op=view&id=118909966&crd=pro 

  • Why LinkedIn, Facebook, WeChat and other communication apps are essential for professionals
  • How People are using the Platforms
  • How to maximize these tools for lead generation
  • How to Optimize your entire profile
  • Connection strategies
  • The power of referrals and recommendations
  • The importance of LinkedIn and Facebook Groups
  • Advanced Search Techniques
  • Content Tips
  • AND MUCH MORE…..
  • LUNCH will be provided.

Seating is limited, so you must register ahead of time. Thank you! Hope to see you there!

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Carlos Fuentes

Pinellas International Council is proud to announce the return of Carlos Fuentes to teach the one day course of Europe & International Real Estate. This course counts as an elective toward the Certified International Property Specialist (CIPS) designation. It introduces real estate professionals to the basic skills and knowledge necessary to facilitate international transactions with European clients, and is designed to benefit both experienced international professionals as well as those just getting started.

On Wednesday, August 23, Carlos Fuentes, a real estate instructor for Florida Realtors and NAR, returns to teach this elective course for the Pinellas International Council.  Mr. Fuentes has over 27 years of experience in commercial real estate and holds both the CCIM and CIPS designations.  He has worked with investors around the world, holds extensive 1031 transactions experience and has served NAR in many posts, including Regional Coordinator for North, Central American and the Caribbean, Executive Committee Liaison to Global, Resort and Second Home Real Estate Group, and is a past My Florida Regional MLS President. It is our great pleasure to host Mr. Fuentes for a second time this year as he teaches another CIPS course at Pinellas Realtor Organization (PRO).

Those who take this elective course towards earning their CIPS designation will be able to:

  • Discuss the social, economic, political, and geographical characteristics of major European countries.
  • Discuss the history, purpose, and economic impact of the European Union. • Identify important characteristics of certain European real estate markets including influential laws, business culture attributes and real estate/ brokerage practices.
  • Assess opportunities in certain European markets by evaluating significant investment patterns, investor profiles and real estate activity.
  • Identify ways to develop a business network and start or enhance an international practice with European clients or properties.

SCHEDULE:
8:00 a.m. to 8:30 a.m.: Sign-in, networking, and breakfast
8:30 a.m. to 5:00 p.m.: Course
*Light breakfast and lunch will be provided.
**Seating is limited and registration is required.**

To register, please go to Pinellas Realtor Organization website:

http://pinellasrealtor.org/education-and-events-calendar/

REGISTRATION:
PRO Members ($95):
Click here to register.

Non-PRO Members ($95):
Click here to register.

Or Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004

For further information about requirements for earning the CIPS designation, go to https://www.nar.rrealtor/designationl-and-certifications/cips-designation

Image may contain: 3 people, people smiling     PIC logo

 

Please join the Pinellas International Council this Thursday for the Certified International Property Specialist course, the Americas & the International Real Estate. This informative course is being taught by  Ileana Bogaert, Realtor® and the 2012-2016 National Association of Realtors President’s Liaison to Colombia.

Thursday, June 1, 2017 | 8:30am – 5:00pm at Pinellas Realtor Board, 4590 Ulmerton,Road, Clearwater, Florida.

This course offers you practical information on working with Caribbean, North, Central and South American investors.  Historical and cultural influences, regional relationship, and investment opportunities are covered along with a special focus on Mexico.

Instructor: Ileana Bogaert   Ileana Bogaert's profile photo

Ileana Bogaert, Realtor® CIPS, GRI, AHWD, TRC, CNE
Global Real Estate Marketing Specialist
2012-2016 NAR President’s Liaison to Colombia
Bogaert’s International Realty-Marco Island – Naples – Miami

SCHEDULE:
8:30 a.m. to 9:00 a.m.: Sign-in, networking, and breakfast
9:00 a.m. to 5:00 p.m.: Course

Light breakfast and lunch will be provided.
Seating is limited and registration is required.

REGISTRATION:  http://pinellasrealtor.org/education-and-events-calendar/

***This course is one of the courses required to earn the prestigious Certified International Property Specialist (CIPS) designation. The CIPS Network comprises 2,500 real estate professionals from 50 countries and is the specialty membership group for global business practitioners of the National Association of Realtors®. The CIPS® designation prepares Realtors® to service the growing international market in their local community by focusing on culture, exchange rates, investment trends, and legal issues. Click here for more information about CIPS and the requirements to earn this prestigious designation.

Contact: Jan Dean
Email: JDean@tampabayrealtor.com
Phone: 727-216-3004
Pinellas REALTOR Organization
4590 Ulmerton Road
Clearwater FL 33762

Please join us for our first CIPS course this year on April 3rd. Register now before it’s too late. It’s just next week! 

Florida accounted for the largest share at 22 percent of total U.S. residential home sales to international clients, which the National Association of REALTORS® estimated at $102.6 Billion. Florida attracted buyers from Latin America, Europe, and Canada who tend to purchase properties in warm climates for vacation purposes. St Petersburg-Tampa-Clearwater is in the top 10 markets in the USA for International BUYERS.

Consider these facts:

  • $19.4 Billion in sales to international buyers for the year ending 6/16
  • 19% of Florida’s market (volume) was to international buyers
    • 47,000 residential properties
    • 12% of Florida’s market (units)
    • 72% made an all-cash purchase

Note: The facts above were provided as part of the National Association of REALTORS® Profile of International Home Buyers in Florida study.

 

CIPS

 

Pinellas International Council 6th Annual Global Symposium-Thank you to David Bennett CEO of PRO, John-Paul Mario Chair of the PRO Business Affiliates, Susan Inez-Poskus CPA from Roberge Poskus, Maria Grulich from Florida Realtors, Bill Risser, VP of Digital Strategy from Fidelity National Title, Don Gonzalez Attorney, Carlos Fuentes NAR instructor, the nearly 100 attendees and all of the PRO Affiliates who sponsored this informative event. Thank you all for making this such great day!!

 

PROFarm_4Qstats_postcard

 

PROFARM Neighborhood Advocates
Q4 2016 Stats (March 2017)

Greetings!

Florida Realtors® recently released the 2016 fourth quarter (October through December) real estate market statistics for the state. I wanted to give you an overview of how our area is performing.

The single family homes real estate markets in Pinellas, Hillsborough and Pasco Counties finished out strong in 2016. Median Sale Price continued to rise through the end of the year in all three counties. Closed Sales in Hillsborough County were up and held about even in Pinellas and Pasco. Pinellas rebounded from being down in Quarter 3 of 2016 year-over-year in Closed Sales.

Inventory has shrunk year-over-year for the fourth quarter in Pinellas and Pasco, but Hillsborough is finally showing signs of an increase in Active Listings (Inventory). Median Days to Contract was down in the Pinellas, Hillsborough and Pasco markets, though the year-over-year margin started to soften in the fourth quarter of 2016.

As your local Realtor® and Neighborhood Advocate, I am your resource for data that affects our communities and your property value. Homeownership affordability and accessibility is a cornerstone of the Realtor® advocacy efforts at every level – local, state and national.

Here are some highlights from the Florida Realtors® Quarter 4 2016 Statistics Release for the Single Family Home Market Segment:

  • Closed Sales: Slightly up for Pinellas County; up for Hillsborough County and down only slightly for Pasco County for Quarter 4 2016 from Quarter 4 2015. This statistic is a good indicator of the overall health of the market, and successful closed sales mean a win-win for both buyers and sellers.
  • Pinellas County: 3,351 Closed Sales Q4 2016 vs. 3,271 Closed Sales Q4 2015, a 2.4% increase
  • Hillsborough County: 4,641 Closed Sales Q4 2016 vs. 4,225 Closed Sales Q4 2015, a 9.8% increase
  • Pasco County: 2,335 Closed Sales Q4 2016 vs. 2,340 Closed Sales Q4 2015, a 0.2% decrease
  • Median Sale Price: Up for Pinellas County, Hillsborough County and Pasco County for Quarter 4 2016 from Quarter 4 2015. The median is the midpoint; half the homes sold for more, half the homes sold for less.
  • Pinellas County: $218,000 Median Sale Price Q4 2016 vs. $185,000 Median Sale Price Q4 2015, a 17.6% increase
  • Hillsborough County: $225,000 Median Sale Price Q4 2016 vs. $205,000 Median Sale Price Q4 2015, a 9.8% increase
  • Pasco County: $185,000 Median Sale Price Q4 2016 vs. $160,000 Median Sale Price Q4 2015, a 15.6% increase
  • Inventory (Active Listings): Down for Pinellas County and Pasco County and up just slightly for Hillsborough County for Quarter 4 2016 from Quarter 4 2015. When inventory is low, there are fewer houses on the market and buyers are often competing for homes or have a tougher time finding a home that suits their exact needs. Flexibility, planning and preparation are key to being able to make an offer on a home when you do find what you’re looking for.
  • Pinellas County: 3,288 Active Listings Q4 2016 vs. 3,317 Active Listings Q4 2015, down 0.9%
  • Hillsborough County: 4,382 Active Listings Q4 2016 vs. 4,364 Active Listings Q4 2015, up 0.4%
  • Pasco County: 2,217 Active Listings Q4 2016 vs. 2,491 Active Listings Q4 2015, down 11.0%
  • Median Days to Contract: Down for Pinellas County, Hillsborough County and Pasco County for Quarter 4 2016 from Quarter 4 2015. The midpoint of the number of days it took for a property to receive a sales contract during that time. The faster a home goes to contract, the less time it is on the market for sale. Another good indicator for sellers and a tool for buyers to understand how to reach their goals in a hot market.
  • Pinellas County: 29 Days Q4 2016 vs. 31 Days Q4 2015, a 6.5% decrease
  • Hillsborough County: 32 Days Q4 2016 vs. 39 Days Q4 2015, a 17.9% decrease
  • Pasco County: 30 Days Q4 2016 vs. 41 Days Q4 2015, a 26.8% decrease

Please don’t hesitate to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566, if I can be of service. Thank you so much.
© 2017 Pinellas Realtor Organization

Willkommen – Please join us for our February 15th International Marketing session at PRO. Norma Brenne Henning, Honorary Consul of the Federal Republic of Germany is our speaker. It is FREE but YOU MUST REGISTER on PRO website. Vielen Dank.

Are you a REALTOR who deals with international real estate and want to build “global” business skills? Then you need to attend this class!

Please join us on Thursday, February 2nd from 8:30 to noon.

You will learn from two international real estate experts on these subjects:

1. Opportunities for International Networking and Marketing Properties – Tami Simms, Coastal Property Group
* Understanding the importance of international buyers
* Resources for networking with international agents
* Where to market internationally
* How to market properties effectively to international buyers

2. Working with International Buyers and Sellers with a focus on the Asian market – Jiayin Liao, Bailey Glasser Law Firm
* Learn how to help Asians realize their dreams of a cross-border lifestyle
* Learn how to keep up with the latest information on both sides of the border and work together to determine the best course of action
* Become familiar with cross-border issues whether they are related to language, culture, law or just plain common sense.

Image may contain: 2 people, people smiling, text

 

    

PROFarm Neighborhood Advocates
Penny for Pinellas (January 2017)


Infrastructure is critical to our economic growth, and obviously economic growth impacts the value of your home. Taxes, namely property taxes, also impact real estate. For the last thirty years Pinellas County has levied a 1 cent sales tax to pay for roads, police and fire stations, bridges, etc. In November 2017 voters will decide if the penny tax will continue.

In 1989, 1997, and 2007 Pinellas County citizens voted to increase their sales tax by 1 cent to fund needed infrastructure projects. The goal was to make long-term investments in our future without putting the burden completely on property owners. There were needs across the county and elected leaders were facing the prospect of raising property taxes to fill the funding void. Instead, they put it to the voters for a 1 cent tax, and this Fall they will have the option to re-authorize that tax again.

Penny for Pinellas FAQs:

  • Is the tax permanent? No. As the voters have done three times prior, this vote would authorize the Penny for ten more years, specifically the fiscal years of 2020-2030. If passed in the Fall, voters would have the opportunity to re-authorize again in 2027.

 

  • Who gets the money? The county collects the funds and keeps some for its own infrastructure projects. The majority of the money is spread out to the 24 cities in Pinellas County for various needs. They do have to submit their list of projects prior to the vote, and that list is public. Voters will be able to decide if the projects are worthy of the increased tax.

 

  • What happens if the re-authorization fails? A wide range of projects deemed necessary by many while either not be funded, or elected officials could decide to increase property taxes.

 

  • Where could I find more information about the Penny? The county has set up a website with lots of useful information including list of projects, and the history of Penny for Pinellas. It is www.pinellascounty.org/penny/

This issue has the potential to affect you and our local economy, so I thought that you might be interested. If you have questions regarding this or any real estate needs, please feel free to email me at AnnalisaWeller1@gmail.com or call me at 727-804-6566.

Annalisa Weller, Realtor®, Certified International Property Specialist

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  • ‘Welcome’ to all our new members who joined us in April May 7, 2018
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® who joined us in April! We are happy to have you as a part of our organization and wish you much success in your careers. Gyorgyi  Cassidy Anthony Johnson Realty Inc Patricia  Schmitt A-Team Home Sales & Rentals Tracy L. Whitcomb A-Team […]
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  • March 2018 Pinellas County Real Estate Statistics April 24, 2018
    Median sale prices continue to climb while the number of days it takes to get to contract fall. STANDOUT STAT: Median Sale Price for Single Family is up 8% – from $230,000 in March 2017 to $250,000 in March 2018. Click here to view Pinellas County Real Estate Statistics for March 2018 to see what the numbers tell […]
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  • Former Affiliate and Realtor Member Peggy Musto passed away April 17, 2018
    Margaret “Peggy” Marie Kline Musto, 65, passed away Saturday, April 14th in St Petersburg, Florida. She was the wife of Glenn Musto as well as the mother of Christopher Musto and Lauren Musto. Glenn and Peggy shared 37 years of marriage. Born in Huntington, Indiana, Peggy was the daughter of Guinevere Ann Miller Kline Schaefer […]
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  • ‘Welcome’ to all our new members who joined us in March April 3, 2018
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® who joined us in March! We are happy to have you as a part of our organization and wish you much success in your careers. Align Right Realty LLC Luis A. Guzman Align Right Realty LLC Mariusz W. Kraszewski Beach Place One […]
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  • Member Susan Hands has passed away March 29, 2018
    REALTOR® member Susan Hands with RE/MAX Metro in St. Petersburg passed away. Susan Wilhelm Hands of St. Petersburg passed away unexpectedly on Friday, March 2, 2018, with many members of her loving family by her side. Sue loved life and lived it to the fullest; she especially loved being surrounded by family and friends. Sue was […]
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