condominiums

Multiple Condo Owners – Restricted Use

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...]

Filed Under: Naples Condos Tagged With: business, buyer, buyers, condo, condo owner, condominium, condominium association, condominiums, declaration, multiples, owner, owners, prospective, real estate, real property law, result, units, vacation condominiums

Fannie Mae, Freddie Mac, REO’s Indifferent to State Laws

As buyers actively pursue foreclosures in the country they may not be aware of certain statutes regarding the purchase of condominiums and/or properties located within a homeowners associations. In some instances condominium associations could be part of a homeowners association.

A prospective buyer should be sure the real estate agent they are selecting is aware of these statutes and be willing to obtain them in the case of a foreclosed property, when they are considering a purchase. [Read more...]

Filed Under: Real Estate News Tagged With: condominiums, condos, fannie mae, foreclosures, freddie mac, homeowner association, reo's

Bonita Springs Condo Market Update – May

The Bonita Springs real estate market for condos is starting to show signs of strengthening in some aspects and prospective buyers should be aware of the positive changes. The statistics presented and discussed below are global in nature for the Bonita Springs area and do not represent the more important micro-market views which can vary greatly from the global view.

Listings:

During the month of May a total of 126 condos were listed for sale. In May 2008, the number of condos listed for sale in the Bonita Springs area was 148. [Read more...]

Filed Under: Bonita Springs Condos, Bonita Springs Florida Real Estate, Bonita Springs Market Update, Real Estate News Tagged With: Bonita Springs, Bonita Springs Florida Real Estate, Bonita Springs Market Update, bonita springs real estate, bonita springs real estate market update, condominiums, condos

Naples Condo Inventory

The number of Naples condominiums available for sale at the beginning of October was 4716. The absolute number of listings increased by 41 condos over the 4675 listings at the beginning of September. Therefore, the months of inventory remained stable at 29 months. Viewing the months of inventory for the 12 month moving average trend shows a downward trend from February. The months of inventory in February was 37 months, while at the beginning of October it was 29 months.

Graph for the number of months for Naples condos available for sale.

Bonita Springs Condo Market Update

August Activity:

Listings:

During the month of August 94 Bonita Springs condominiums were listed for sale. For the same month in 2007, 121 condominiums were listed for sale; this represents a decrease of 22.3 percent. The decrease from 2006 was 36.1 percent from the 147 new listings.

In July 2008 there were a total of 132 condominiums listed for sale and in June 124.

The available for sale Bonita Springs condominiums have dropped from 1354 in February 2008 to 1104 at the end of August. This represents a reduction of 250 Bonita Springs condos or 18.5 percent.

The number of months of inventory or the absorption rate is presently 28 months down from February’s 41 months.

Multiple Condo Owners – Restricted Use

Fannie Mae, Freddie Mac, REO’s Indifferent to State Laws

Bonita Springs Condo Market Update – May

Listings:

Naples Condo Inventory

Bonita Springs Condo Market Update

August Activity:

Listings:

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A Delta Realty of Naples

Featured Properties:

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