Thursday, April 30, 2009
Tuesday, April 28, 2009
- Landscape Guidelines
- Riprap vs. Seawalls
Here are a few suggestions on how you can help:
Don't fertilize close to waterbeds! It is suggested that you have a buffer of 10 to 20 feet along the shoreline consisting of plants that require less water and very little fertilizer or pesticides. This will minimize the amount of stormwater run-off that is potentially harmful. For additional information about landscape guidelines I invite you to log onto an interactive website at www.FloridaYards.org )
Riprap is a collection of loose rocks placed at an angle along a shoreline of a property. It provides an excellent habitat for oysters to thrive and plants to grow. Riprap is actually more effective than seawalls at dissipating wave energy. If you have an existing seawall, it is recommended that you place riprap in front of it; this will extend its life and assist in restoring the bay. If your seawall is in need of replacement, consider installing riprap if possible.
Mangroves form the base of the food chain in the Naples Bay estuarine ecosystem. Today, 70% of the mangrove fringe has been lost. If you have mangrove on your property please use care when trimming. The proper technique is called "windowing". You can contact Natural Resources for a mangrove trimming guide, or log onto a website that I found interesting at www.mangrovetrim.com
There are some major issues facing Naples Bay which include: Habitat loss, Poor stormwater quality, Excess freshwater and Residential development. If we all work together, as part of the solution instead of the problem, we CAN restore Naples Bay!
*My partner Chip Harris was appointed by the mayor and currently serves on the East Naples Bay Advisory Committee. If you have any questions about the committee and what they are presently involved in, please feel free to call him at 239-370-0574.
Monday, April 27, 2009
Thursday, April 23, 2009
Wednesday, April 22, 2009
Tuesday, April 21, 2009
- Full time residents only require 2 documents: 1). A current Florida vehicle registration displaying a Collier County address (no copies please), and 2). A current Florida driver's license displaying a Collier County address.
- Part-time residents require 3 documents: 1). Current vehicle registration or rental car agreement, 2). Current driver's license, and 3). Current Collier County tax statement or deed or closing papers within 6 months.
- Visitors who are "non" residents (those who do not own property in Collier County) can get an annual beach parking permit with two documents: 1). Current vehicle registration or rental car agreement and 2). Current driver's license. The cost is $50. for the year and valid for 12 months.
In 2005 the Travel Channel voted Naples as having the nation's #1 beach. The sunsets are breathtaking and the parks along the beach are fabulous. We have some of the best shelling in the world, too! Lowdermilk Park is located just north of Old Naples in Coquina Sands, and Clam Pass Park is located north of Park Shore near the Naples Grande Resort. Come on down, get a little bit of sand between your toes...trust me, you'll never want to leave!
*If you have any photographs of the beach in Naples that you would like to have featured on our website, please email them to me at michele@NaplesRealEstate.com Thanks and have a great day!
Thursday, April 16, 2009
- Did you know that mortgage rates have been higher in 35 out of the past 35 years? Fixed rates in March of 1974 were 8.41%. Going up each year from there, they reached their peak in March 1982 at 17.16% (shortly after I had gotten my real estate license...whew!) In the years that followed rates went up and down, but stayed fairly level with another upswing in March 1989-March 1990. This was the last time we saw double digits! Since March 2002 rates never went above 7%. Currently 30 year fixed rates are at 5%, an historic low!
- Did you know that the current credit scoring system was originally designed in the 1960s to help lenders with the approval process when looking at the financial profiles of customers. A credit score can range from 350 points to 850. The higher the better. Only 1 in 1300 people have a credit score over 800! (I found that to be amazing) Some customers ask me why the rates are advertised at 5% but the rate they are quoted is higher...this is due to their credit score. A higher credit score translates to a better interest rate for the consumer. An underwriter interprets the credit score in terms of risk. Today a mortgage lender considers a score of 700 or higher to be a good score.
Tuesday, April 14, 2009
Monday, April 13, 2009
Sunday, April 12, 2009
Friday, April 10, 2009
Wednesday, April 8, 2009
- The best news of all, our office was up over 82% in sales pending in the first quarter of 2009 as compared to the first quarter of 2008!
- The average list price in our office was up 5.8%
- Currently there are 10,405 Active residential listings in Naples per the MLS. Of those 1,586 are potential short sales and 339 have been foreclosed. [These figures do not reflect the entire inventory of homes in Naples that are either in foreclosure proceedings or in a short sale position.] These are only taking into account the homes or condos listed for sale in our MLS.
- At this time last year, the MLS inventory was approximately 12,000 residential listings. 12% were either short sales or foreclosed homes or condos as compared to 18% currently.
- 80% of the residential listings in MLS that are either potential short sales or foreclosure properties are listed at or below $300,000.
For additional information about current real estate trends in Naples Florida, or in specific communities and neighborhoods in Collier County, please call the Harris-Peppe Team today at: 239-370-0574.
Thank you and have a great day!
Data has been obtained from the SunshineMLS system and is deemed accurate and reliable but not guaranteed.
Monday, April 6, 2009
Saturday, April 4, 2009
Thursday, April 2, 2009
1st Quarter Pendings 2008: 1668
1st Quarter Pendings 2009: 2775
2008 Pendings with a list price over $1 million: 231
2009 Pendings with a list price over $1 million: 154
2008 Pendings with a list price under $300,000: 7732009 Pendings with a list price under $300,000: 2068 Total 1st quarter closed units 2008: 965 Total 1st quarter closed units 2009: 1285 Median Closed Sale Price in the past 12 months: $247,327. Average Closed Sale Price in the last 12 months: $484,213. Available inventory in all price points in January 2008: 12,086 Available inventory in all price points in January 2009: 11,308 All indicators point to the fact that we are at, or near, the bottom; however many predict that the number of short sales and foreclosures could continue to effect the lower price points (particularly in the under $500,000 range). When looking at the pending numbers of the Previews Properties (listings priced at $ 1 million or above) it is quite obvious that they are also feeling the downward pressure of pricing. The listings that are most likely to sell are those which are the most aggressively priced. The buyers are out there, of that I am certain, but never before has perceived value played such an important role in determining which home will sell. There has never been a better time to buy real estate in Naples Florida! Please feel free to call or email us today for a more detailed report of any specific community in the greater Naples area. We look forward to hearing from you soon and hope to earn your business. Thank you and make it a great day! 239.250.4370 *Statistics were calculated using data provided by SunshineMLS and reflects Naples residential properties.