Neighborhood News

Real Service... Real Results                                         May 2010 
  102A Palm Point
Laura Cole & Tana Gaskill
  (561)        (561)
 776-4429    776-4444
 Illustrated Properties
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In This Issue
Real Estate Trends
Open Homes
Birds of BallenIsles
The cold weather of this winter has brought a delayed Spring to Palm Beach Gardens.  But now everything is blooming gloriously and the colors are spectacular.  The gardenias and orchids don't know that it's May already.
The bird island on the BallenIsles East course has been a maternity hospital and the new hatchlings are boistrous and cheeky.  This tiny piece of real estate is the nesting area to a huge variety of birds.  Please see the marvelous video with photos by Rodney Cole and learn more about the treasury of nature at our doorstep. 
Best regards,
Laura & Tana
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BallenIsles Sales*
 102A Palm Point
April sales of four properties is encouraging and reflects pending contracts that are now beginning to close.  Marketing time remains lengthy and pricing to market remains essential.
National real estate expert, author, trainer and motivational speaker, Steve Harney, uses a fairly straightforward formula as a guide for pricing properties accurately in any type of market. That formula, shown below, relates pricing to months of supply:
Months of Supply:                                Pricing adjustment:
1-2                                                    Double digit appreciation
3-4                                                    Single digit appreciation
5-6                                                    The norm
7-8                                                    Single digit depreciation
9 +                                                    Double digit depreciation
BallenIsles has over a 9 month supply of properties for sale.  If you must sell in today's luxury market, we will be happy to walk you through the steps it takes to price your home correctly. Or if it has already been on the market for some time with scant activity, we can tell you by how much you need to lower your price to attract today's value-obsessed buyers. If your hard and fast goal is to net more proceeds from the sale than today's market will support, then stay put and enjoy your home until the market catches up. Of course the good news is that there has never been a better time to be a Buyer. So consider pricing right to sell and then buying up!
                                      BALLENISLES SALES - APRIL  
ADDRESS                                       BR              BA       SALE PRICE   MARKET TIME
173 Windward Drive                           3              4.5          480,000          302
104 Pembroke Drive                           4              4             695,000          573
122 Orchid Cay Drive                         3              3             550,000             5
 19 Laguna Court                              3              3             425,000          135
*This representation is based in whole or in part on data supplied by the Realtors Association of the PalmBeaches or its Multiple Listing Services thru 05/04/2010.  
To learn more about current Real Estate trends in BallenIsles, click on the links below.
SUNDAY, May 16th
2-4 PM
1003 Grand Isle Way  
This estate home has tranquil water views and is close to the center of BallenIsles community life.  Saturnia marble floors, large gourmet kitchen with center cook island, huge master suite with fireplace and a step-down wet bar are just a few of the superb features in this gracious home.  Also available as a seasonal rental with full golf club privileges. 
111 Pembroke Drive
An enchanting courtyard home that is truly a tropical paradise featuring a large patio with free form pool, rock waterfall, built-in BarBQ, and access from all common rooms and guesthouse making it ideal for true Florida style entertaining.  A fabulous gourmet kitchen, a fireplace in the family room, warm wood library built-ins, jacuzzi tub and separate golf cart garage are just a few of the amenities in this lovely home.
great egret feeding  
Birds of BallenIsles 
The island between the 2nd and 12th holes on the East Golf Course is a unique gift to the BallenIsles community.  It has been a nesting site long before any homes appeared at BallenIsles and continues to be a source of wonder.  Nest building and breeding usually starts in January and February with young being reared from March through May.  The earlier breeding occurs the better chance the young birds have to survive.

Bird Island is an important breeding place for the endangered and federally protected wood stork as well as great egrets, great blue herons, snowy egrets, cattle egrets, green herons, tri-colored herons, blue herons, Egyptian geese, cormorants, anhingas and many kinds of ducks.
All photos copyright Rodney Cole 2010