Taken from http://wvidfl.blogspot.com/2017/08/notice-of-next-regular-board-meeting.html
Sarasota Herald-Tribune
8/18/2017
Miscellaneous Notices
WEST VILLAGES
IMPROVEMENT DISTRICT
NOTICE OF REGULAR BOARD MEETING
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the West Villages Improvement District will hold a regular Board Meeting on August 29th [Tuesday], 2017, at 11am in the Chambers of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286.
The purpose of the Regular Board Meeting is to conduct any business properly coming before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the agenda for this meeting may be obtained from the District's website or by contacting the District Manager at
(561) 630-4922 and/or toll-free at
1-877-737-4922.
From time to time one or more Supervisors may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. The Regular Board Meeting may be continued as found necessary to a time and date specified on the record.
If any person decides to appeal any decision made with respect to any matter considered at this Regular Board Meeting, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at this meeting should contact the District Manager at (561) 630-4922 and/or toll free 1-877-737-4922 at least seven (7) days prior to the date of the meeting.
Meetings may be cancelled from time to time without advertised notice.
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
PUBLISH: SARASOTA HERALD TRIBUNE 08/18/17
Hope to see you there!
Ali
Check out area neighborhoods and new construction options at www.WestVillagesHome.com. You can also search the MLS for resale homes.
See more posts about the district at wvidfl.blogspot.com.
Thanks for reading!
Monday, August 21, 2017
Thursday, August 17, 2017
Gran Paradiso at the West Villages: West Villages Final Budget Approved for 2017-2018
Here are the final budget budget documents as approved at the Meeting of the West Villages Supervisory Board on August 10th, 2017. Contact me at westvillagesrealty@gmail.com if you would like me to send you the pdf version. I can also provide a link to audio of that meeting.
Thanks,
Ali Johnston
West Villages Realty LLC
Check out information about the various area communities at westvillageshome,com, and check out our West Villages blog at wvidfl.blogspot.com!
Or, check us out at westvillagesrealty.com
Thanks,
Ali Johnston
West Villages Realty LLC
Check out information about the various area communities at westvillageshome,com, and check out our West Villages blog at wvidfl.blogspot.com!
Or, check us out at westvillagesrealty.com
Wednesday, August 16, 2017
Gran Paradiso at the West Villages: Metrostudy report for the area shows it is booming!
This was taken from http://www.metrostudy.com/sarasota-bradenton-housing-2q17-new-home-starts-decline-2q17-best-quarterly-closings-since-recession/
- 2Q17 Quarterly New Home Starts Down 1.5% YoY & Annual Starts Up 2.2% YoY
- 2Q17 Quarterly Closings Up 8% YoY & Annual Closings Up 10% YoY
- New home production continues to trend to higher price ranges, with starts over $250K up 9.7% YoY
Metrostudy’s 2Q17 survey of the Sarasota-Bradenton housing market shows 1,457 single-family units were started in the second quarter of 2017, down 1.5% compared to 2Q16 but a 7% increase from 1Q17. The annual start rate totaled 5,515, up by 2.2% compared to the same quarter last year. Single-family quarterly closings totaled 1,540 units, 5.8% higher than 2Q16 levels. The annual closings rate was 5,380 units, 10% above the rate in 2Q16.
“The second quarter of 2017 had the best quarterly closing rate since the recession, but the first two quarters of 2017 have been down in terms of new housing starts versus the same quarter of 2016,” said Tony Polito, Regional Director of Metrostudy’s Sarasota/Bradenton market. “This may be reflective of some price pressure however, Manatee County’s average closing price per square foot was level at $145/SF with the 2016 rate, and Sarasota County saw its average price per square foot fall from $157 to $154 over the same period. Even with this slight decline in housing starts, the Sarasota/Bradenton market is building at 119% of its 20-year moving average and it is one of only two Florida markets building above the long-term average. Naples/Ft. Myers is the other.”
For the twelve months ending June 30, 2017, annual new home starts in price ranges under $250K totaled 1,277 units, down 16.7%% from 2Q16. Annual new home starts in prices over $250K were up 9.7% from the rate at the end of 2Q16. The marginal 118-unit increase in the annual start pace was split: 256 fewer units under $250K and 374 more units above $250K.
In 2Q17, Manatee, Sarasota, and Charlotte Counties were the region’s top three markets based on annual starts. Manatee County recorded 2,649 annual housing starts, up 0.6% from 2Q16. Sarasota County had 2,114 annual starts, up 2.9% from the same quarter last year. Charlotte had 746 annual starts ending 2Q17, a 6.7% increase from 2Q16. During the second quarter of 2017, Manatee County recorded 629 starts, down 7.2% from the prior quarter and down 5.3% from 2Q16. Sarasota County recorded 482 starts, down 18.4% from 1Q17 and down 13.9% from 2Q16. Venice is now building 174% of the volume of North Manatee but 60% of the volume of SE Manatee County.
Total single-family inventory, which is composed of units under construction, finished vacant and models, equaled 2,832 units on the ground at the end of the second quarter, a 6.3-month supply and up 5% from last year. Compared to last year, under construction inventory rose by 17 units to 2,077. Finished vacant inventory increased by 28.6% YoY to 463 in 2Q17. However, the number of move-ins exceeded completions during the quarter and FV inventory decreased by 33 units. We consider FV equilibrium between 1.5 and 2 months. As of June 30, 2017, the months of supply of FV units for all of Sarasota/Bradenton stood at 1.0 months. All told, total inventory of 6.3 months is at the low end of equilibrium, but price increases may be difficult.
The table below ranks the top ten communities in the market by annual starts:
Community (Area) Annual Starts
Lakewood Ranch ……………………………………901
The West Villages …………………………………..428
Palmer Ranch…………………………………………229
Del Tierra……………………………………………….207
Grand Palm ……………………………………………185
South Gulf Cove ……………………………………..171
Rotonda …………………………………………………168
Punta Gorda Isles …………………………………..160
Milano…………………………………………………….153
Sarasota National ……………………………………131
About Metrostudy: Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. Metrostudy provides research, data, analytics and consulting services to help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day.
About Hanley Wood: Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; high-profile executive events; and strategic marketing solutions. To learn more, visit hanleywood.com.
Let us know how we can assist you today!
West Villages Realty LLC
www.WestVillagesRealty.com
www.WestVillagesHome.com
And, check out our West Villages blog at wvidfl.blogspot.com
Local Markets
SARASOTA / BRADENTON HOUSING 2Q17: New Home Starts Decline, As 2Q17 Has Best Quarterly Closings Since Recession
Metrostudy NewsAugust 7, 2017
- 2Q17 Quarterly New Home Starts Down 1.5% YoY & Annual Starts Up 2.2% YoY
- 2Q17 Quarterly Closings Up 8% YoY & Annual Closings Up 10% YoY
- New home production continues to trend to higher price ranges, with starts over $250K up 9.7% YoY
Metrostudy’s 2Q17 survey of the Sarasota-Bradenton housing market shows 1,457 single-family units were started in the second quarter of 2017, down 1.5% compared to 2Q16 but a 7% increase from 1Q17. The annual start rate totaled 5,515, up by 2.2% compared to the same quarter last year. Single-family quarterly closings totaled 1,540 units, 5.8% higher than 2Q16 levels. The annual closings rate was 5,380 units, 10% above the rate in 2Q16.
“The second quarter of 2017 had the best quarterly closing rate since the recession, but the first two quarters of 2017 have been down in terms of new housing starts versus the same quarter of 2016,” said Tony Polito, Regional Director of Metrostudy’s Sarasota/Bradenton market. “This may be reflective of some price pressure however, Manatee County’s average closing price per square foot was level at $145/SF with the 2016 rate, and Sarasota County saw its average price per square foot fall from $157 to $154 over the same period. Even with this slight decline in housing starts, the Sarasota/Bradenton market is building at 119% of its 20-year moving average and it is one of only two Florida markets building above the long-term average. Naples/Ft. Myers is the other.”
For the twelve months ending June 30, 2017, annual new home starts in price ranges under $250K totaled 1,277 units, down 16.7%% from 2Q16. Annual new home starts in prices over $250K were up 9.7% from the rate at the end of 2Q16. The marginal 118-unit increase in the annual start pace was split: 256 fewer units under $250K and 374 more units above $250K.
In 2Q17, Manatee, Sarasota, and Charlotte Counties were the region’s top three markets based on annual starts. Manatee County recorded 2,649 annual housing starts, up 0.6% from 2Q16. Sarasota County had 2,114 annual starts, up 2.9% from the same quarter last year. Charlotte had 746 annual starts ending 2Q17, a 6.7% increase from 2Q16. During the second quarter of 2017, Manatee County recorded 629 starts, down 7.2% from the prior quarter and down 5.3% from 2Q16. Sarasota County recorded 482 starts, down 18.4% from 1Q17 and down 13.9% from 2Q16. Venice is now building 174% of the volume of North Manatee but 60% of the volume of SE Manatee County.
Total single-family inventory, which is composed of units under construction, finished vacant and models, equaled 2,832 units on the ground at the end of the second quarter, a 6.3-month supply and up 5% from last year. Compared to last year, under construction inventory rose by 17 units to 2,077. Finished vacant inventory increased by 28.6% YoY to 463 in 2Q17. However, the number of move-ins exceeded completions during the quarter and FV inventory decreased by 33 units. We consider FV equilibrium between 1.5 and 2 months. As of June 30, 2017, the months of supply of FV units for all of Sarasota/Bradenton stood at 1.0 months. All told, total inventory of 6.3 months is at the low end of equilibrium, but price increases may be difficult.
The table below ranks the top ten communities in the market by annual starts:
Community (Area) Annual Starts
Lakewood Ranch ……………………………………901
The West Villages …………………………………..428
Palmer Ranch…………………………………………229
Del Tierra……………………………………………….207
Grand Palm ……………………………………………185
South Gulf Cove ……………………………………..171
Rotonda …………………………………………………168
Punta Gorda Isles …………………………………..160
Milano…………………………………………………….153
Sarasota National ……………………………………131
About Metrostudy: Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. Metrostudy provides research, data, analytics and consulting services to help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day.
About Hanley Wood: Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential, commercial design and construction industries. Utilizing the largest editorial- and analytics-driven construction market database, the company produces powerful market data and insights; award-winning publications, newsletters and websites; high-profile executive events; and strategic marketing solutions. To learn more, visit hanleywood.com.
Let us know how we can assist you today!
West Villages Realty LLC
www.WestVillagesRealty.com
www.WestVillagesHome.com
And, check out our West Villages blog at wvidfl.blogspot.com
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