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Naples Improving Real Estate Market

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Florida’s real estate market is entering 2012 on an upward trend including Naples, according to three leading U.S. economists.

“Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s  2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.” [Read more...]

Filed Under: Naples Market Update

Naples Real Estate Market Statistical Update – Feb. 2011

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Summary – The Naples real estate market shows the number of pending sales in February for both homes and condos reached a 48 month high. The volume of new listings was lower than the previous four Februarys. With the closing period (defined as the period of time between offer acceptance and closing) of 30 to 60 days, the activity of pending sales and new listings bears watching as to how prices will be affected. [Read more...]

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Naples Good Neighborhoods

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Two of the most commonly asked questions and comments we receive “Is this a good Naples neighborhood?” and “I’m looking for a great deal.”

The answer to the question and comment is a combination of your list of wants and needs and the facts we have about a neighborhood. [Read more...]

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Foreclosure Mills

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Today the Associated Press released a story about David Stern, a Florida foreclosure lawyer who became one of the nation’s top foreclosure lawyers.

“The Florida attorney general‘s economic crimes division is investigating three law firms, including Stern’s, over allegations that they created fraudulent legal documents, gouged homeowners with inflated fees, steered business to companies they owned and filed foreclosures without [Read more...]

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Naples Real Estate – We Are in Recovery

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The Naples real estate market is in recovery which is being brought about by the recovery of the Florida economy.

The real estate recovery can be seen in the statistics for the real estate market. Statistics to be posted shortly within this blog.

Fishkind also expects retirees to return to Florida’s warm shores, but “there is a discernible lag between recovery and population growth,” Fishkind said. “It takes time for people to realize there is a recovery.” [Read more...]

Filed Under: Real Estate News

Multiple Condo Owners – Restricted Use

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Buyers looking to take advantage of today’s low real estate prices in Naples maybe considering purchasing a vacation condominium with another party or parties.

When purchasing a condominium in this manner it could be viewed as fractional ownership.

Condominium associations do not look favorably upon this type of ownership or on multiple owners not of the same immediate family, to prevent a transient atmosphere of the community. This could result in the unsuspecting restricted of the condo unit. [Read more...]

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Renting Naples Short Sale Condo

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Today’s question from the email bag come from Michelle – “I am interested in renting a condo, however was a bit put off when the broker explained that the unit was in short sale but the lease would not be affected. It’s a great deal but does not sound too good to be true, I’ve heard horror stories in regards to short sales and don’t want to end being kicked out before the lease is up. Do you think it would be risky to go forward in renting this?” [Read more...]

Filed Under: Naples Florida Real Estate

How Far Prices Have Declined in Naples

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A question was asked yesterday “How far below peak would you guess homes and condos are in the Naples area?

Statistics for homes sold show the median sold price through June 30, 2010 in the Naples area to be $227500 down 52 percent from calendar year 2005 (the peak year) median sold price of $474450. The current median sold price is approximately the same as it was in 2002. The median sold price in 2010 has increased 17 percent over 2009’s, the median price sold of $195000. [Read more...]

Filed Under: Real Estate News

June 2010 Naples Condo Market Statistics

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The condominium statistics of the Naples real estate market is showing stability for the median sold in a year over year analysis. The volume of closed sales is level with last year. The number of pending sales is higher than last year. The new listings of condos for sale showed a decline in the volume.

Median Sold Price:

During the month of June 2010, the median sold price of a condo in Naples was $164000. The median price is the sold price represents the middle value of the all sold prices within a stated range. The median sold price can vary from area to area within a local real estate market. [Read more...]

Filed Under: Naples Market Update

June 2010 Naples Home Market Statistics

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The statistics of the Naples real estate market segment for single family homes should the median sold price of homes increased 24 percent over June 2009. The volume of homes sold increased slightly less than 1 percent and the number of new listings declined 6 percent in a year over year analysis. The number of months of homes to be sold declined to 9.8 months from June 2009′s 14.7 months.

Median Sold Price:

During the month of June 2010, the median sold price of a home in Naples was $245000. The median price is the sold price represents the middle value of the all sold prices within a stated range. The median sold price can vary from area to area within the local Naples real estate market. [Read more...]

Filed Under: Naples Market Update
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