Summerwood floor plan – new construction home by Pulte Homes at Corkscrew Shores, Estero, Florida – photo: pultehomes.com
The Summerwood new construction home at Corkscrew Shores in Estero, Florida, is everything that is wonderful about buying a new construction home. You can make the Summerwood single-family model by Pulte Homes truly your own unique home.
“The Summerwood is known for its flexible layout and open living space. Granite countertops, large center island, and a walk-in pantry complement the kitchen. And if it’s space you need, you’ll relish the optional second story loft that includes an added bedroom and bath, perfect for guests or your own getaway.”*
The Summerwood model can be built to your specification of 1 or 2 floors, and 2 to 5 bedrooms. Nine exterior designs (elevations) are available. From 1,861 square feet, starting at $338,990.*
“Spanning across over 700 acres, Corkscrew Shores includes 648 picturesque home sites nestled around natural wooded preserves and the community’s centerpiece–a sparkling 240-acre lake. The gated Estero community features a resort-style amenity center, artfully sculpted into a large peninsula. Explore our collection of single-family home designs that offer a variety of open floor plans with flexible living spaces and gourmet kitchens, perfect for entertaining.”*
Corkscrew Shores community features include:
- Resort Pool
- Grand Clubhouse
- 240-Acre Neighborhood Lake with fishing dock
- Captains Club – Outdoor Bar & Restaurant
- Har-Tru Tennis and Pickleball Courts
- Bocce Ball Courts
- Kayak & Canoe Launch
- Walking Trails
- Community Gathering Room
- Fitness Center and Movement Studio
- Catering Kitchen
- Activity Room
- Conference Room
- Fire Pit
- Play Field & Pavilion
- Homesites with Expansive Lake Views and Nature Preserve Views
- No CDD
Nearby in Estero and surrounding communities:
- Excellent K-12 and Higher Education Schools
- Close proximity to a wide selection of Retail, Restaurant, and Entertainment Venues
- Easy Access to I-75 and Southwest Florida International Airport
Contact David 239-285-1086 for more information on new construction homes in Estero, new construction floor plan variations, and to arrange a visit to Corkscrew Shores in Estero, Florida.
Prices may not include lot premiums, upgrades and options. Community Association and golf fees may be required. Prices, promotions, incentives, features, options, amenities, floor plans, elevations, designs, materials, and dimensions are subject to change without notice. Square footage and dimensions are estimated and may vary in actual construction. Community improvements and recreational features and amenities described are based upon current development plans which are subject to change and which are under no obligation to be completed. Actual position of house on lot will be determined by the site plan and plot plan. Floor plans, interiors and elevations are artist’s conception or model renderings and are not intended to show specific detailing. Floor plans are the property of PulteGroup, Inc. and its affiliates and are protected by U.S. copyright laws. For further information, see our terms of use. This is not an offering to residents of NY, NJ, CA or CT or where otherwise prohibited by law. Pulte Home Corporation is a licensed California real estate broker (Lic. # 00876003).*
*From Pulte Homes website
Isabella 2-story new construction home by London Bay Homes, at Mediterra, Naples.
Photo: mediterranapleslp.com
Click photo for more about the Isabella at Mediterra Naples
Home prices: West still holds most expensive markets
Lack of inventory once again pushed against home prices, causing them to accelerate faster in the third quarter, according to the most recent quarterly report from the National Association of Realtors.
The median existing single-family home price increased in 87% of the 178 measured metropolitan areas. Seven of the top 10 markets with home price increases were in the West, including San Jose, California, where the median home price hit $1 million for the second quarter in a row.
On the other hand, 22 metro areas, about 12%, recorded lower median home prices from than last year.
“Mortgage rates around historical lows and solid local job creation created a winning formula for sustained homebuying demand all summer long,” NAR Chief Economist Lawrence Yun said.
“Unfortunately for house hunters in several of the top job producing metro areas around the country, deficient supply levels limited their options and drove prices higher – especially in markets in the West and South,” Yun said.
The national median single-family home price hit $240,900 in the third quarter, up 5.2% from last year’s $228,900 and last quarter’s $240,700. It just hit the current peak in quarterly median sales price.
Possibly due to lack of inventory, existing home sales including single-family and condos, decreased 2.2% to a seasonally adjusted annual rate of 5.38 million in the third quarter. This is down from 5.5 million in the second quarter, and 0.4% lower than last year’s 5.4 million.
“After climbing to their highest annual pace in over nine years in June, sales sputtered in the third quarter because inventory could not catch up with what was being quickly sold,” Yun said. “Only a decent rebound in September kept the monthly and annual sales declines from being even larger.”
At the end of the quarter there were 2.04 million existing homes available for sale, 6.8% less than last year. The average supply for the quarter was 4.6 months, down from 4.9 months last year.
And yet, despite all of this, affordability is still improved from last year due to higher incomes and lower interest rates. As it stands, a buyer making a 5% down payment would need an income of $51,661, a 10% down payment would require an income of $48,942, and a $43,504 income for a 20% down payment.
In fact, when adjusting for inflation and the amount of purchase power provided by low interest rates, home prices actually dropped in the past 16 years, First American Chief Economist Mark Fleming said in an interview with HousingWire and the Mortgage Bankers Association annual in Boston.
“If mortgage rates start to rise heading into next year, prospective buyers could face weakening affordability conditions in their market unless supply dramatically improves,” Yun said. “That’s why it’s absolutely imperative that homebuilders ramp up the production of more single-family homes to meet demand and slow price growth.”
Floorplan: Isabella 2-story new construction home by London Bay Homes, at Mediterra, Naples. photo: mediterranapleslp.com
London Bay Homes’ four-bedroom Isabella Two-Story floor plan has a spacious 4,285 square feet of air-conditioned living area. The Old World-inspired Serata neighborhood at Mediterra Naples, Florida, is the perfect setting for this luxurious new construction home.
The Isabella floor plan offers an open flow from indoor to outdoor areas. The second-story covered balcony overlooks the spacious outdoor living area, custom pool and spa.
Isabella 2-story new construction home by London Bay Homes, at Mediterra, Naples. photo: mediterranapleslp.com
The model includes:
- 4,285 square feet of air conditioned living space
- 4 bedrooms
- 5 bathrooms
- formal dining room
- study
- large master suite
- 2nd floor loft living area, bedroom and bath
- open great room plan
- custom pool and spa
- outdoor kitchen
- 3 car garage
Interior design, furnishings and selections by Romanza Interior Design, the model features Mediterranean-style architecture accented with corbels, 12-inch projecting cornices, decorative medallions and banding.
Mediterra is a luxury home community with golf and beach club in Naples, FL. “Mediterra is known for its architecture, culture, fine dining and alluring beach club.”
Contact David for more photos, floor plans, and information about London Bay Homes’ Isabella model, the community of Mediterra, Naples.
Talis Park Naples Florida Residence 1 floor plan
New construction condos in Southwest Florida
Carrara at Talis Park will include an enclave of 84 spacious penthouse-style residences overlooking pristine fairways and greens of the community Greg Norman-Pete Dye designed golf course. Golf, tennis, a fitness center, spa, and dining are all within a two-minute walk.
Spacious mid-rise living at Carrara features expansive loggias for sweeping views. The two additional bedrooms each feature private baths and walk-in closets. This home offers a library/media room and a large great room.
3 Bedrooms + Library
3.5 Baths
2,930 A/C sq. ft.
2-Car Garage
Collier, Lee are lacking homes
JUNE FLETCHER | Naples Daily News
Southwest Florida needs to build more new homes to meet local job creation, a new report said.
After analyzing employment and permits, the National Association of Realtors concluded that there’s a shortfall of 13,609 new single-family homes in Cape Coral-Fort Myers, and a shortfall of 3,020 homes in the Naples- Immokalee-Marco Island metro areas.
Yet that pales in comparison with Florida metro areas such as Miami-Fort Lauderdale-West Palm Beach, which the trade group said had a deficit of 118,937 homes to meet the needs of newly hired workers, or Tampa-St. Petersburg-Clearwater, which had a shortage of 39,034 homes.
Using government statistics, the Washington, D.C.-based Realtor trade group analyzed permits and job creation in 117 metro areas nationwide to determine which places had the greatest shortage of new single-family homes.
The metro areas around New York, Dallas, San Francisco, Miami and Chicago topped the list.
Lawrence Yun, NAR’s chief economist, explained that the recession hurt the housing market by accelerating price growth and making it very difficult for buyers to afford a home — especially young adults.
“Without the expected pick-up in
building as job gains rose in recent years, new and existing inventory has shrunk, prices have shot up and affordability has eroded despite mortgage rates at or near historic lows,” he said in the report.
While building has been on fire in Southwest Florida since the recession ended, the 7,315 single-family permits pulled from 2013-15 in Collier County and the 9,462 pulled in Lee County were inadequate to meet the need, the NAR concluded.
That’s because Lee added 36,683 jobs during the period, and Collier added 16,433.
The ratio of employment over total permits was 3.9 for Lee County and 2.2 for Collier.
Historically, a balanced market has a ratio of 1.6, NAR said.
But 80 percent of markets in the country had a ratio higher than that, indicating they were not building enough homes to meet job creation.
Nationally, the average ratio was 3.4, but some places were much higher than that.
Double-digit ratios were found in 10 metro markets: Trenton, N.J. (25.1), San Jose (21), San Francisco (18.2), San Diego (12.3), New York (12.1), Rockford, Ill. (12.1), Miami (11.4), Reading, Pa. (10.3), Springfield, Mass., (10.2) and Hartford, Conn. (10.1).
Meanwhile, 30 markets had ratios below 1.6, indicating they were overbuilt. But only two had negative double- digit ratios: Danville, Ill., (-12) and Binghamton, N.Y. (-15.3) For home builders, the need to construct more housing is welcome news, even as the industry faces slowing demand in a nervous election year.
A separate report released Monday by the National Association of Home Builders said its index of builder confidence jumped 6 points to 65 in September, the highest level it has been since October.
The index shows builders are optimistic about sales even though they continue to be constrained by shortage of labor and lots, the NAHB said.
Basements Didn’t Matter: New Homes Were Still Larger in 2015
By Paul Emrath | RISMEDIA, Wednesday, September 07, 2016
A recent National Association of Home Builders (NAHB) post shows that, after rising to a record high, the size of new single-family homes has leveled off and, as of the second quarter of 2016, is now trending downward slightly.
Several things could be responsible. NAHB (and others) have emphasized a changing mix of repeat and first-time home buyers. Before focusing exclusively on this, however, it would be good to eliminate technical details, such as the way square footage of a home is calculated.
Practices vary, but in the Survey of Construction (which is conducted by the Census Bureau with partial finding from HUD and provides the basic data for housing starts and characteristics of new housing) square footage is based on finished floor space. This includes any area in the basement (if present) where the walls, ceiling and floor all are or will be finished. This means that different square footage can be reported for two homes built with the same physical dimensions, depending on how much of the basement is finished.
Since 2009, the average finished floor space of basements has remained small relative to the overall size of a home, but has nevertheless fluctuated noticeably—from 65 square feet up to 99 in 2014, before declining slightly in 2015 (numbers calculated by NAHB from the Census Bureau’s annual public use data set).
These data can be used to net out finished basement area from the size of a new home. Conveniently, this turns out to have little effect on the basic trends. With or without finished basement area, the average size of a new home increased every year from 2009 through 2013, stayed essentially flat in 2014, then increased again to an all-time high in 2015. Similarly, the median size of a new home increased every year from 2009 through 2013, declined slightly in 2014, then increased to an all-time high in 2015—whether or not finished basement area is taken into account.
It’s probably not surprising that adding or subtracting finished basement area fails to change the historical trends in new home sizes in any meaningful way. Given the attention these trends often receive, however, it’s good to be able to eliminate changing treatment of basements as a possible explanation—and time to return to talking about the mix of repeat and first-time buyers in the market.
This post was originally published on NAHB’s blog, Eye on Housing.
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