Naples Real Estate Blog
Welcome to Naples most innovative, comprehensive and optimistic blog! Here you will find some basic Naples Real Estate information, current statistics & market trends and lots of other good information about living in Southwest Florida! We hope you will make this blog one of your "favorites" as new listings, leasing opportunities and Best Buys will be posted regularly!
Monday, April 30, 2012
It's Almost May Day!
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Tuesday, April 17, 2012
A View From The Top
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Florida is the 3rd fastest job creating state in the Nation.
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90% of 'stated' income loans are in default.
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Only 20% of the new homes in the USA are built by large builders such as Lennar or Stock Development. 80% of newly constructed homes are built by small builders who average 5-10 homes per year and they are having difficulty getting financing. Currently new housing starts in America are at a 50 year low.
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Boosting real estate activity boosts the overall economy. Real Estate sales is the most pro-consumer industry in America.
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There has been a record # of sales in both the Las Vegas and Miami markets [two of the hardest hit areas] in the 1st quarter of 2012.
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"Shadow" inventory has been trending down since the 3rd quarter of 2009.
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Home sales have increased approximately 10% across the board since July 2010 the 'natural way' [post tax credit].
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Feels that Naples 'over-corrected' and will see a 10% increase in values by the end of 2012.
John Tucillo~The New Reality:
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"Perceptions and Expectations"...most people outside the state of Florida still think we are in the "dumper"...we're NOT!
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We ARE in a "mini" recovery due to: sales and pendings up, inventory is down, and 'lender-related' properties have stabilized.
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We are seeing multiple offer situations.
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Wealth is being restored which benefits Florida.
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Several things which are driving the current market include: Employment is up, discounted prices, and lenders have gone through the learning curve of short sales and can usually expedite the process in more frequently.
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"If you are looking for an investment with a 5+ year time frame, buy Florida real estate!" The 'Pros' are back [investors], and it might even be too late for the 'novices'.
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FloridaRealtors.org is putting together a concise pricing index tracking historical data back to 1995 which will be much more accurate than the Case-Shiller studies which are very limited in scope.
Shelton Weeks~ Regional Economic Overview:
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Spoke about the "behavioral and psychological mindset: When the housing is depressed it influences how the world 'sees' most everything"...
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There has been a 'gradual' decline in unemployment in the region.
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Inflation is up due to rising fuel costs.
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Predicts Fed Funds will remain low through the end of 2014 which should benefit our area.
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Collier County tourist tax revenues are up.
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Single family Permits Issued in Collier County are up 118% from April 2011 through March 2012 from the low in April 2010 through March 2011.
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Generally optimistic about all real estate categories [residential, multi-family, commercial].
Doug Duncan~ 2012 The Year of the Political Economy:
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Those countries that make up 50% of the world's Gross Domestic Product (GDP) face a national election or leadership change in the next 12 months! [this was one of the most interesting facts that I took away from the day's summit].
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He stressed the difference between "Private Sector jobs vs. Public Sector jobs".
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Talked about the potential ramifications, costs and economic pitfalls of 1.) expiring tax breaks and credits, 2.) revisiting the debt ceiling, 3.) the Supreme Court weighing in on healthcare.
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Spoke about the 'shift' underway between renting vs. owning, and stated the 1-4 unit rental properties sales are increasing substantially-Up 54%
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Homeownership in the USA peaked at 69%. [65% is 'normal'].
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The top reasons why people used to buy homes was for appreciation and mortgage tax deductions. Today the #1 reason why people buy homes is the "ability to control their environment"...They want to put that nail in their own wall, built a rock garden in their own backyard, paint the shutters whatever color they choose..."
Cindy Carroll~Naples Remarkable Statistics:
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Understanding economic cycles: 1988-1989 a downturn in Naples. 1992-1996 a 'flatline' in our local market. 2004-2005 the peak, and in September 2005 we were at the Top!
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In 2007-2009 some markets in Collier County lost 50% value.
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A lot of the problems occurred, not just because of the people who bought during the frenzy, but also those who refinanced and literally 'bought their homes back and spent their equity' for swimming pools, new cars and vacations.
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2009-2011 will be known as the 'recovery' years.
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Supply vs. Demand is becoming a big part of the evaluation process: 1st quarter stats in Naples are remarkable such as: housing priced between $500,000-$1 million up 29% this year over last year. $1 million- $2 million up 14%. Overall median closed sale prices up 29% this year over last year. Inventory down 13% over the past 12 months.
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Today in many neighborhoods there is a shortage of inventory. Any community with less than a 12 month absorption rate is considered a "shortage".
I am hopeful this program will become an annual event at The Naples Area Board of Realtors. I was told that we were filled to capacity and may even have to find a larger venue for next year as so many local agents were turned away. Many thanks to the task force that created such a wonderful event with such note worthy speakers.
For more details about what is going on locally in The Naples Real Estate market, please contact a member of The Harris Peppe Team today. We are dedicated to educating the consumer in order that they may make more informed decisions when investing in homes or condos in Southwest Florida. 239.370.0574
Thank you, and make it a great day,
The Naples Real Estate Blogger
Thursday, March 22, 2012
Coldwell Banker Sees Signs of Housing Recovery
http://video.foxbusiness.com/v/1524766069001/coldwell-president-sees-signs-of-housing-recovery/?playlist_id=87185 Please call The Harris Peppe Team if buying a home or condo in Naples is in your future. We look forward to hearing from you soon, and we hope to earn your business. Thank you, and make it a great day, The Naples Real Estate Blogger
Monday, March 19, 2012
Naples Florida Real Estate Update
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Overall pending sales increased 55% in the $500,000 to $1 million category February 2001 to February 2012.
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Closed sales increased 13% in the $1 million to $2 million category 12-month ending.
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Overall closed sales increased 70% in the $2 million plus category during that same time period.
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Median closed sale prices are up 5%.
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Inventory decreased 17%.
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Over all pending sales in the $300,000 to $499,999 range are up 11%.
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Naples Beach [which includes zip codes 34102, 34103 & 34108] pending sales increased 17% and closed sales increased 20% 12-month ending.
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855 homes pended last month in the "under $300,000" price range. Presently there are 646 homes active in this price range. That equates to approximately a 9 month absorption rate.
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The overall market experienced 8,349 closed sales for the 12 months ending February 29th 2012 compared to 7,929 closed sales for the previous 12 month time range.
A year ago, as released by NABOR on their site NaplesArea.com on March 18th, 2011, home prices were up 10%. With the current trend of low inventory, low interest rates and continued demand from both investors and foreign buyers as well as baby boomers looking for a vacation home or permanent Florida residence, I feel confidant that number could double this year! What I have referred to as the 'trickle up' effect is now causing low end prices to increase, pushing middle pricing higher and demand for middle pricing to gain great strength. ~And, well priced luxury real estate is also breaking records!
Lower inventory and increased demand creates an urgency that effects value. A perfect example: Chip Harris had a listing in Old Naples, on and off the market, for approximately 4 years. Like so many sellers, they got into the trap of continuing to chase the market down with price reduction after price reduction. This is not uncommon as many agents will agree. Last month they received 4 offers within 24 hours of another...One of the buyers who did not get his offer accepted wanted to keep his contract in back-up position. Chip then called other owners in the same complex, and that buyer ended up paying more for another unit in the same building! Cindy Carroll, a principal of the appraisal firm of Carroll & Carroll was recently quoted as saying, "The market is on fire!" I couldn't agree with her more!
For additional information about a particular Naples neighborhood or statistics about a certain price range, please contact a member of The Harris Peppe Team today at 239.370.0574
Thank you, and make it a great day,
The Naples Real Estate Blogger
Wednesday, March 7, 2012
Coldwell Banker's Latest Ad Campaign!
Thursday, March 1, 2012
Need vs. Desire
Vacation and resort destinations have an entirely different set of rules when it comes to 'buyer urgency' when compared to other markets. Jerry Murphy, managing broker at The Park Shore Coldwell Banker office, always says, "There are two kinds of buyers in the world...those that 'need' to buy and those that 'desire' to buy". That goes for just about anything...real estate is no exception. Here in Naples, the vast majority of the buyers we work with are those 'desiring' a new home or condo. Obviously, it is easier to sell to someone who needs something...regardless of the price tag, big or small: Whether purchasing a new dress for an upcoming event vs. browsing the rack at a local department store for fun...shopping for a car because your lease is up vs. looking for a sports car because you've always wanted one...OR buying a home due to a job transfer vs. visiting Naples Florida and wanting a vacation home; the motivation or lack thereof remains the same with any of the above purchase comparisons. I think this might be one part of the equation that sellers sometimes forget to factor in during negotiations. In many cases they "need" to sell, but the prospects looking at their properties are just "desiring" a vacation home. Friday, February 24, 2012
Things to do in Naples Florida!
Thursday, February 23, 2012
Naples Real Estate-Old Naples Condo Update
Saturday, February 11, 2012
Naples Florida Real Estate Update
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Presently there are only 2,636 Active single family homes for sale in all of Naples.
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265 of the 2,636 are listed as "short sales"
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There are 701 single family homes in MLS priced below $300,000., and of those 181 are listed as short sales, which is nearly 70% of all short sales on the market.
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2,373 single family homes sold and closed in Naples which were listed at or below $300,000 in the past 12 months. Therefore, based on the 701 currently for sale, this equates to approximately a 3.5 month absorption rate. Those buyers looking for decent low-end housing are running out of options. Many of the listings that are selling are being purchased by investors.
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Contrary, there have been 370 single family homes sell in Naples in the past 12 months listed at our above $1 million.
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Presently there are 735 single family homes Active in the Naples MLS priced at or above $1 million. The Naples luxury real estate market is still soft when looked at as a whole, except in those areas where inventory in the under $1 million price point has diminished, such as Olde Naples or Naples waterfront Properties.
If you would like information about any specific neighborhood, or for information about what we believe are today's BEST BUYS, please contact any member of The Harris Peppe Team. We look forward to hearing from you soon, and we hope to earn your business. 239.370.0574
Thank you and make it a great day,
The Naples Real Estate Blogger
*data derived from the Naples multiple listing system, SunshineMLS, info deemed reliable but not guaranteed.
Saturday, January 21, 2012
Naples Real Estate Update
Friday, January 20, 2012
Good Intentions
Monday, January 9, 2012
Naples featured Business of the Week
Friday, January 6, 2012
The Unveiling of a New Year of Blogging!
Thank you again for reading our blog. We wish you a very Happy New Year, and we look forward to hearing from you with any fun ideas and suggestions!Saturday, December 31, 2011
2012 : The Year We Have All Been Waiting For...
"An optimist stays up until midnight to see the new year in...A pessimist stays up till midnight to make sure the old year leaves."
Wednesday, December 21, 2011
Business Planning 101
Friday, December 2, 2011
22 Shopping Days 'til Christmas!
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The everyday "To do" list
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The "I never go to the Grocery Store without a" list
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The Books I want to read list
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The Birthday and anniversary cards for the month ahead list
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The Things that need to get done around the house list
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The Guests attending our Christmas parties [yes, I'm having more than one party] list
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The What to cook at each party list
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The Christmas gift list...card list...
Well, you get the picture. It comes from being a first born, organized, sometimes compulsive, cannot say "no", overachiever...lists are what keep me sane! I actually like lists. When I get a little behind, I've even been known to put things on my lists that I've already done...gives me a sense of accomplishment..."check!" ~Have you seen the commercial on TV lately of the woman who goes to the check out and asks the clerk if he can read anything on her list and he says, "No, there's a line through everything."...and she smiles and gives him a "Boo-ya"!
Anyway, I know a lot of you reading this like lists, too. In fact, one of the most requested blog post suggestions I've gotten recently is for me to post lists of what's selling and what I think are some of the best buys around Naples. So here's a short recap of what happened in the market in November, and what is currently for sale in some of the neighborhoods where The Harris Peppe Team lists and sells:
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There were a total of 231 single family homes and 243 condos that closed in Naples in November 2011. Down less than 1% over the same time period a year ago.
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Of those 474 closings, 89 were listed as "Short Sales"...that's about 18%
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43 of the 89 short sales were priced below $300,000!
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98 were listed as "foreclosures"...about 20%
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91 of the 98 were priced below $300,000!
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There was a total of 33 closings priced at or above $1 million
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3 of the 33 were short sales, and only 1 was a foreclosure!
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There was a total of 20 single family homes that sold last month in NA 04 to NA 08 [this includes but is not limited to Pelican Bay south to Port Royal along the beach and includes Old Naples, and the Royal Harbor Area as well] 3 of the 20 were short sales. There were 49 condo sales in these same areas, and only 2 were short sales.
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Presently there are 67 single family homes for sale in Old Naples [NA 06]. Only 9 are listed below $1 million! The least expensive home for sale in Old Naples as of this writing is priced at $549,000
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There are 139 condos listed in Old Naples starting at $109,000 for a 1 BR/ 1 BA on up to a luxurious villa for $2,550,000
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There are 102 homes for sale in NA 05 [Crayton Road corridor]. With just a handful priced below $500,000, on up to a waterfront home boasting 5,400 sf built in 2004 with an asking price of $5,250,000.
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One of the hottest neighborhoods is NA 15, the area between US 41 and Goodlette Road, which showed a 7% improvement in the past 12 months as compared to the previous 12 months. Presently there are 46 single family homes available. 15 of the 46 are listed as short sales, and 36 of the 46 are priced below $300,000.
Well, that's my list for the day--I hope it helped you get a better picture of what is happening in some of the areas in Naples Real Estate. Please call us if buying a home in Naples is on your list! 239.370.0574
~And remember, Naples is usually Santa's last stop!
Thanks, and make it a GREAT day,
The Naples Real Estate Blogger
*Data is derived from the Naples multiple listing system, SunshineMLS and is deemed accurate but not guaranteed.
Wednesday, November 30, 2011
Select Vendor of the Week
MARTIN"S COOLING & HEATING, Inc.
Wednesday, November 23, 2011
The Power of Being Thankful
Tuesday, November 22, 2011
Naples Waterfront Real Estate
Thursday, November 10, 2011
Fifth Avenue South, The Heart of Old Naples
Monday, November 7, 2011
Coldwell Banker Lists New Previews Residence
Friday, November 4, 2011
Select Vendor of the Week
Wednesday, November 2, 2011
"Real Estate is NOT Real"!
Friday, October 28, 2011
Select Vendor of the Week
Maxine's, Inc.

