NTB property tax bills should be similar to last year

Posted by property | Posted in Real Estate | Posted on 08-06-2010-05-2008

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NTB property tax bills should be similar to last year
NORTH TOPSAIL BEACH — Lower property values are leading to a higher tax rate in this island town. The tax rate will increase from 14 cents per 0 valuation to 23.55 cents for fiscal year 2010-11, said Town Manager Steve Foster. Foster said…
Read more on The Jacksonville Daily News

China residential property market to stabilise by Q1 next year: economists

Posted by property | Posted in Real Estate | Posted on 07-06-2010-05-2008

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China residential property market to stabilise by Q1 next year: economists
SINGAPORE : China’s residential property market could stabilise by the first quarter of next year, as more supply becomes available, according to financial services firm Nomura.
Read more on Channel NewsAsia

Harrisonburg Property Damage Spree
Harrisonburg police are investigating a property-damage spree that left dozens of vehicles and buildings spray-painted with graffiti.
Read more on NBC 29 Charlottesville

Upper Canada Gold Corporation Announces Assay Results From the Dingman Property 2010 Drilling
TORONTO, ONTARIO–(Marketwire – June 7, 2010) – Upper Canada Gold Corporation (the “Company”) (TSX VENTURE:UCC) announces selected drill hole results from the drill program that commenced in early March 2010 on the Company’s 100% owned Dingman Property.
Read more on Marketwire

China Vanke May Property Sales Fell 20.2% on Year, Journal Says

Posted by property | Posted in Real Estate | Posted on 05-06-2010-05-2008

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China Vanke May Property Sales Fell 20.2% on Year, Journal Says
June 5 (Bloomberg) — China Vanke Co.’s property sales in May fell 20.2 percent from a year earlier to 5.1 billion yuan (6.8 million), the China Securities Journal reported today, citing a company statement.
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South Korea Lee sees recovery in property market in H2
SEOUL, June 5 (Reuters) – South Korea’s property market is expected to stage a full recovery in the second half, President Lee Myung-bak said on Saturday, as it catches up with the fast-recovering domestic economy.
Read more on Reuters via Yahoo! Asia News

Daley rules out property tax increase next year

Posted by property | Posted in Real Estate | Posted on 26-05-2010-05-2008

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Daley rules out property tax increase next year
Decision stirs questions over how city will balance its books Mayor Richard Daley on Tuesday took a property tax increase off the table for next year, raising questions about how the city will balance its books given rising costs and stagnant revenues.
Read more on Chicago Tribune

China to Maintain Current Property Measures, BNP Paribas Says
May 26 (Bloomberg) — China’s central government is likely to maintain its current measures to curb property prices for another six to nine months until home prices decline by 10 percent to 15 percent, BNP Paribas analyst Frank Chen said.
Read more on Bloomberg

Oxford Area budget holds property taxes steady for next year

Posted by property | Posted in Real Estate | Posted on 25-05-2010-05-2008

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Oxford Area budget holds property taxes steady for next year
OXFORD — Oxford Area School District’s budget retains current property tax rates but omits funding for a new assistant principal position at Hopewell Elementary School.
Read more on Daily Local News

Pennsylvania’s Department of General Services has Scotland School for Veterans’ Children on property disposal list
The Pennsylvania Department of General Services has listed the former Scotland School for Veterans Children as surplus property.
Read more on Chambersburg Public Opinion

Despite recession, violent crimes and property offenses both down — for third straight year

Posted by property | Posted in Real Estate | Posted on 24-05-2010-05-2008

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Despite recession, violent crimes and property offenses both down — for third straight year
WASHINGTON – Crime in the United States dropped dramatically in 2009, bucking a historical trend that links rising crime rates to economic woes. Property crimes and violent offenses each declined about 5 percent, the FBI said Monday, citing reports from law enforcement coast to coast.
Read more on Minneapolis-St. Paul Star Tribune

Zanesville Family Says Property Prone to Accidents
It happens about once a month. The homeowners at 2030 Adamsville Road say a car comes through their yard and damages their property. They say they just want to figure out what’s causing this problem.
Read more on WHIZ News Zanesville

Immovable property: CVT to be halved in fiscal year 2011

Posted by property | Posted in Real Estate | Posted on 23-05-2010-05-2008

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Immovable property: CVT to be halved in fiscal year 2011
ISLAMABAD (May 23 2010): The government has decided to reduce the rate of capital value tax on immovable property from 4 to 2 percent by applying uniform rate of tax on all sizes of plots in the coming budget. Besides the tax exemption on all types of plots will be withdrawn.
Read more on Business Recorder

Sharjah draft law for expats’ rights to freehold property
SHARJAH — Expatriates may now own freehold property in Sharjah under certain conditions, after the consultative council of the emirate on Thursday gave nod to a new real estate registration draft law.
Read more on Khaleej Times

Central San Diego Real Estate Market – Mid Year Snapshot Of Median Prices (2006) – Single Family Homes

Posted by property | Posted in Real Estate | Posted on 14-05-2010-05-2008

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Central San Diego Real Estate Market – Mid Year Snapshot Of Median Prices (2006) – Single Family Homes

Central San Diego Real Estate Market – Mid Year Snapshot of Median Prices (2006) – Single Family Homes

As of this writing, the San Diego real estate markets appears to have shifted from one that favors sellers to one that favors buyers. However, this premise may not hold true for all communities within San Diego, as median prices for some communities continue to rise while others fall.

While there are many metrics to evaluate the real estate pricing trends of a community, one commonly used parameter is to evaluate the median price of homes from one point in time against a prior point of time. The median price reflects the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The median price metric provides one method to analyze the direction of home prices, but should not be used as the sole source of data from which to form conclusions.

The data below is a comparison of median prices for various communities in central San Diego County, comparing data from June 2005 against data for June 2006. This information is only one metric at a particular point in time, and other metrics or data from future months may support or dispute the pricing trends noted below. For some of the San Diego communities presented below, very few homes sold during June 2006, which diminishes the usefulness of the median price metric.

COMMUNITIES WITH INCREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Coronado real estate market, the median price was ,775,000, which represents a 14.7% increase from the same time last year. Approximately 15 homes sold in June 2006 (21 homes sold in June 2005).

For the Point Loma real estate market, the median price was ,024,068, which represents an 11.4% increase from the same time last year. Approximately 20 homes sold in June 2006 (14 homes sold in June 2005).

For the University City (UTC) real estate market, the median price was 0,000, which represents a 10.6% increase from the same time last year. Approximately 5 homes sold in June 2006 (19 homes sold in June 2005).

For the La Jolla real estate market, the median price was ,692,500, which represents a 10.3% increase from the same time last year. Approximately 28 homes sold in June 2006 (38 homes sold in June 2005).

For the Logan Heights real estate market, the median price was 5,000, which represents a 7.6% increase from the same time last year. Approximately 13 homes sold in June 2006 (14 homes sold in June 2005).

For the Paradise Hills real estate market, the median price was 7,500, which represents a 5.7% increase from the same time last year. Approximately 8 homes sold in June 2006 (16 homes sold in June 2005).

For the Mission Hills real estate market, the median price was 7,500, which represents a 3.1% increase from the same time last year. Approximately 11 homes sold in June 2006 (12 homes sold in June 2005).

For the Scripps Ranch (Scripps Miramar) real estate market, the median price was 9,250, which represents a 2.8% increase from the same time last year. Approximately 34 homes sold this month (43 homes sold in June 2005).

For the San Carlos real estate market, the median price was 3,000, which represents a 2.4% increase from the same time last year. Approximately 12 homes sold in June 2006 (16 homes sold in June 2005).

For the Del Cerro real estate market, the median price was 7,500, which represents a 2.1% increase from the same time last year. Approximately 13 homes sold in June 2006 (30 homes sold in June 2005).

For the Normal Heights real estate market, the median price was 6,250, which represents a 1.7% increase from the same time last year. Approximately 20 homes sold in June 2006 (19 homes sold in June 2005).

COMMUNITIES WITH DECREASES IN MEDIAN PRICE – SINGLE FAMILY HOMES – JUNE 2006

The data below pertains only to the sales of single-family homes, and does not include condominiums or townhomes. The data is organized by the magnitude of change in median price, with the highest change in median price presented first.

For the Old Town real estate market, the median price was 0,000, which was a 19.1% decline from the same time last year. Approximately 5 homes sold in June 2006 (14 homes sold in June 2005).

For the Golden Hill real estate market, the median price was 1,000, which was a 16.4% decline from the same time last year. Approximately 10 homes sold in June 2006 (13 homes sold in June 2005).

For the Pacific Beach real estate market, the median price was 1,960, which represents a 14.8% decline from the same time last year. Approximately 15 homes sold in June 2006 (19 homes sold in June 2005).

For the Tierrasanta real estate market, the median price was 0,000, which represents a 12.6% decline from the same time last year. Approximately 9 homes sold in June 2006 (17 homes sold in June 2005).

For the North Park real estate market, the median price was 0,000, which represents a 9.7% decline from the same time last year. Approximately 31 homes sold in June 2006 (16 homes sold in June 2005).

For the College Grove real estate market, the median price was 5,000, which represents a 5.9% decline from the same time last year. Approximately 38 homes sold in June 2006 (40 homes sold in June 2005).

For the City Heights real estate market, the median price was 0,00, which represents a 5.3% decline from the same time last year. Approximately 17 homes sold in June 2006 (30 homes sold in June 2005).

For the Mira Mesa real estate market, the median price was 0,000, which represents a 4.7% decline from the same time last year. Approximately 45 homes sold in June 2006 (47 homes sold in June 2005).

For the Linda Vista real estate market, the median price was 0,000, which represents a 4.2% decline from the same time last year. Approximately 16 homes sold in June 2006 (17 homes sold in June 2005).

For the Mission Valley real estate market, the median price was 0,000, which represents a 3.8% decline from the same time last year. Approximately 7 homes sold in June 2006 (18 homes sold in June 2005).

For the Encanto real estate market, the median price was 5,000, which represents a 3.3% decline from the same time last year. Approximately 36 homes sold in June 2006 (47 homes sold in June 2005).

For the Clairemont real estate market, the median price was 5,000, which represents a 2.6% decline from the same time last year. Approximately 30 homes sold in June 2006 (34 homes sold in June 2005).

For the Sorrento Valley real estate market, the median price was 1,000, which represents a 1% decline from the same time last year. Approximately 6 homes sold in June 2006 (5 homes sold in June 2005).

ADVISORY

Homebuyers and home sellers should keep in mind that the data above is simply a snapshot in time, and is not conclusive of the pricing trends for any community. For some communities presented above, very few homes were sold during June 2006, which makes the use of the median price metric of limited value. The data must be evaluated over a longer duration, and involve multiple metrics to fully understand enduring market trends. Contact your Realtor to obtain information about enduring market trends for any given community.

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