COLLEEN'S COMMUNITY CORNER
Treasure Coast Update
We will soon have some biotech firms moving into our area. Scripps (from
Lajolla, California) has moved into the Jupiter area. Their new buildings
will be completed with the next 18 months. Another biotech firm has decided
on Port St. Lucie for its' home. They are expected to draw 400-500 high
tech jobs to this area. Martin County is researching a rezoning for a
biotech area just off of I-95 in the southern part of Martin County. The
legislators are continuing to work with new age biotech firms to make the
treasure coast "the research coast. "
Martin County continues to out perform the state average on the SAT's and
the ACT tests. It is considered to be one of the top 3 school systems in
Florida.
St. Lucie County schools are facing major student increases and are hiring
many new teachers to keep up with the growth of the county. They continue
to build new schools and have rezoned schools so that students may attend a
school close to their homes.
Martin Memorial Hospital has just opened up a heart unit. Martin county
residents no longer have to drive 45 minutes to have heart procedures done.
The hospital also has a cancer center. Both are located on the beautiful
St. Lucie River. Lawnwood Hospital in Port St. Lucie has had a heart unit.
They also have been rated very highly for their orthopedic procedures.
Martin and St. Lucie residents don't have to drive far now for their care.
Interest rates have steadily declined in the last few weeks. This morning I
checked on the affordable interest rates and they were around 5% (fixed
rates) depending on the loan program and credit scores. I remember when I
moved to Florida in 1984, interest rates were 16%. Listing prices have
come down and there are many good buys available. My inventory is up 4
times more this year compared to last, therefore buyers have many choices
and are very happy with the inventory. Sellers are offering some closing
costs paid and other incentives to buyers. Buyers have been purchasing with
little or no money down. Sellers are reaping the rewards of unparallel,
increased equity over the last 5 years that has never been seen since I
started in real estate in 1987. The cost to sell a home with my listing fee
is less than it was in 1987. Homes prices have gone up and I'm charging
less than I did before. Now that's a bargain! This is a great time to sell
and buy. The American Dream of home ownership is this country's greatest
asset.
If you have any questions or need further information, call me directly. I
enjoy discussing the current market trends.
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