Naples Real Estate

Naples Undervalued

admin — Tue, 20 Oct 2009 18:25:03 +0000

In July, U.S. News and World Report ranked Naples, Florida, third on the list of “America’s 10 Best Undervalued Places to Live.” Furthermore, Florida Travel & Life magazine touts Naples as “one of the bargain areas of Florida.” The magazine states that Naples, with its “culture, class and money, make this town a prized asset in any real estate portfolio.” This sentiment is reflected in an overall homes sales increase of 67 percent and inventory decrease of 12 percent.

IROX Progress

admin — Fri, 09 Oct 2009 14:43:40 +0000

The project of widening I75 from 4 lanes to 6 lanes, known as IROX, is moving way ahead of schedule. The expanded road, going from Colonial Boulevard in Lee County to Golden Gate Parkway in Collier County, is now expected to be completed before Christmas. There is one exception however. The I75 interchange at Immokalee Road, which includes a longer and wider bridge, will not be done until the scheduled completion date of April, 2010, meaning continued traffic problems in that area.

Marco Island Real Estate Sales Increasing

admin — Wed, 30 Sep 2009 21:42:56 +0000

During August, the Marco Island real estate market saw rising sales for both condominiums and single-family homes.

Compared to last year, Marco Island saw an increase in pending sales by 27.6 percent and increase of 23.7 percent for closed sales.

Now is the time to get in the Marco Island real estate market and purchase your dream home!

AUGUST SALES

admin — Wed, 30 Sep 2009 16:28:53 +0000

August brought another busy month, with home and condo resales up nearly 40 percent. A monthly report by the Naples Area Board of Realtors shows 545 total sales in August, up from 395 in the same month a year ago. The report tracks Realtor sales made through the SunshineMLS, or multiple listing service, in Collier County, excluding Marco Island. In the 12 months ending in August 2009, pending sales increased 47 percent over the previous year in the Naples area. Pending sales for condos increased 89 percent to 379 contracts last month, up from 201 a year ago. The inventory of homes and condos on the market shrank to 9,163 last month, down 13 percent from 10,532 a year ago. (A related statistic from NABOR: In July, 2008, there was a 30.6 month supply of homes on the market. In July, 2009, that number has dropped by almost a year to 18.7 months.) Condo sales increased by 61 percent with 283 in July 2009, compared to 176 in July 2008.

Rising Naples Real Estate Sales

admin — Thu, 17 Sep 2009 21:31:23 +0000

Pending real estate sales in Naples saw an overall increase of 87% in August. During August 2009, Naples had 862 properties under contract, compared to August 2008 when only 461 properties were under contract.

In the middle of September, 56 percent of real estate under contract were single-family homes and 44 percent were condos and villas.

The direction of the market is definitely changing locally as well as nationwide. Don’t miss your opportunity to own a piece of beautiful Naples real estate!

SHORT SALE BARGAIN?

admin — Wed, 12 Aug 2009 16:41:30 +0000

Everyone who has shown an interest in the Naples real estate market lately has heard the term “short sale”, and most think this is going to be a bargain for the buyer. While this could be the case, it doesn’t always hold true. A short sale only means that the homeowner owes more money on the property than the house can be sold for, the lender must write off the difference, and has not yet reached foreclosure status. The homeowner retains title, but it is the mortgage holder that makes the decision whether to accept the “offer to purchase”. This means that someone in the lenders organization must take the responsibility for accepting a ”loss”. This can take months, keeping the prospective buyer in limbo, and still end up in a no sale.

“AS IS” PROPERTY

admin — Wed, 08 Jul 2009 08:12:45 +0000

When considering buying a “short sale” or “bank owned “ property in Naples there are a few things you should keep in mind. Foremost is that the home will be sold “as is”. This means that the homeowner or lender is not going to do anything to “fix the place up”. If a person can’t make mortgage payments, repairs usually won’t be made either. It is also not unusual to find the house stripped of anything that can be sold or used seperately, such as appliances, ceiling fans, light fixtures, toilets, sinks, and even doors and windows. This can pose the additional problem when the buyer’s lender demands that the home be habitable prior to actually making the loan. Would you improve a property you don’t own?

SEATBELTS

admin — Wed, 17 Jun 2009 14:42:36 +0000

Attention Naples drivers- Wear your seatbelt! That is the new mandate from the Florida legislature. Governor Charlie Crist recently signed a bill, passed by the legislators by a wide margin in both houses, that will allow law enforcement officers to stop a vehicle and cite the driver for a seat belt violation. Before this, another violation was needed in order to ticket a seatbelt infraction. It is estimated that this measure will save over 120 lives each year.

Comeback Kid-Naples

admin — Sat, 02 May 2009 17:19:45 +0000

Naples is a great place to live, but had a reputation of being expensive. Not any longer according to the Federal Housing Finance Agency. According to their figures, which track 292 metropolitan areas in the U.S., Naples, Florida ranks second in the country in the bargain home market. This is great news for people who want to take advantage of the sun and beach, and start living the Naples lifestyle, on either a permanent or part-time basis. This news should also attract investors knowing the underlying value of Naples real estate.

Naples: A Bargain Home Market

Fri, 24 Apr 2009 21:00:57 +0000

Naples is a great place to live, but had a reputation of being expensive. Not any longer according to the Federal Housing Finance Agency. According to their figures, which track 292 metropolitan areas in the U.S., Naples ranks second in the country in the bargain home market. This is great news for people who want to take advantage of the sun and beach, and start living the Naples lifestyle, on either a permanent or part-time basis. This news should also attract investors knowing the underlying value of Naples real estate.