New Pending Sale at Sunrise

5 Barcelona Circle is now a pending sale. This is a 3 bedroom, 2 bath 1560 sq ft home on a 4000 sq ft lot. It is sceduled to close escrow on 12/06/09 and was last priced at $839,888.

New Pending Sale at Lakeshore

727 Mediterranean Drive is now a pending sale. This is a 3 bedroom, 2.5 bath 1996 sq ft townhouse. It is scheduled to closed escrow on 12/07/09 and was last priced at $850,000.

New Pending Sale at Gossamer Hollow

2013 Gossamer Avenue is now a pending sale. This is a 4 bedroom, 2.5 bath 2080 sq ft home on a 3375 sq ft lot. It is scheduled to close escrow on 12/09/09 and was last priced at $969,900.

New Closed Sale on Compass Drive

408 Compass Drive closed escrow at a sales price of $1,050,000. This is a 6 bedroom, 3 bath 2380 sq ft home on a 6695 sq ft lot. It was on the market 30 days before selling and was originally listed for $1,149,500.

First Time Homebuyer Tax Credit Extended Into 2010! Plus...A New Tax Credit for Certain Existing Home Owners!

It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009.

In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time.

So Who Gets What?
The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn.

Additionally, the program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Deadlines
In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

Higher Income Caps in Effect
The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price
Qualifying buyers may purchase a property with a maximum sales price of $800,000.

New Closed Sale at Sandpiper Lagoon

17 Waterside Circle closed escrow at a sales price of $1,100,000. This is a 4 bedroom, 3 bath 2550 sq ft home on a 4405 sq ft lot. It was originally priced at $1,190,000 and sold after 29 days on the market.

New Listing at Pelican Cove

84 Pelican Cove came on the market asking $599,000. This is a 2 bedroom, 2 bath plus loft 1300 sq ft second floor condominium with water views. It sold in 2007 for $700,000.

New Closed Sale at Gossamer Village

3030 Whisperwave Circle closed escrow at a sales price of $990,000. This is a 4 bedroom, 2.5 bath 1909 sq ft home backing to the waterway on a 3168 sq ft lot. It was originally listed for $1,035,000 and sold after 7 days on the market. However the property was on the market earlier in the year and came off for 30 days before selling.

New Price Reduction at Hampton

547 Shoal Circle has been reduced to $529,500 from $539,500 and originally from $619,000. This is the 1 bedroom, 2 bath plus loft Ashford plan measured at 1323 sq ft. It has been on the market for 28 days.

New Pending Sale at Bridgeport

820 Seal Pointe Drive is now a pending sale. This is a 4 bedroom, 3 bath 2660 sq ft home on a 4264 sq ft lot. It is scheduled to close escrow on 12/11/09 and was last priced at $1,169,000.

New Closed Sale at Seacrest

158 Positano Circle closed escrow at a sales price of $633,000. This is a 2 bedroom, 2 bath 1125 sq ft Cape Cod floor plan. It was on and off the market for over a year but most recently was on the market for 18 days before selling. Its last asking price was $638,000.

New Price Reduction at Sunrise

5 Barcelona Circle was reduced to $839,888 from $875,000. This is a 3 bedroom, 2 bath 1560 single story home on a 4000 sq ft lot.