3rd Quarter Stats

Naples Real Estate 3rd Quarter Statistics

Total closed residential sales in Naples were up 38% in the 3rd quarter of 2009 as compared to July 1st - September 30th, 2008. Closed sales in 2008 3rd quarter totalled 1,148 vs. 1,588 total residential closings this year in the 3rd quarter. Under $300,000 again showed the highest increase: 3rd quarter 2008 saw 657 closings in this price range vs. 1,103 total closings of residential listings priced at or below $300,000 for the 3rd quarter of 2009. Some of this can be attributed to a greater inventory in this price range: price reductions (listings that were originally priced above $300,000) and an increase in new listings in this price point. Downward pressure continues in this price range due to the number of sales vs. the number of listings: consider supply and absorption rate. In the 3rd quarter of 2008 Previews listings accounted for 114 of the total closings, while in the 3rd quarter of 2009 only 96 of the closings were listed at or above $1 million dollars. To put this in perspective, there are currently 1,438 residential listings in Naples in SunshineMLS priced at or above $1 million dollars...that's estimated to be about 17% of the inventory, yet only about 5% of the total residential closings. Currently, the median sale price in Naples is approximately $170,000 vs. an estimated $250,000 one year ago. The average sale price for the past 12 months is just over $365,000. Pendings, those listings presently under contract, generally thought to best portray what is currently happening in any given real estate market, shows 740 total pendings per the SunshineMLS for residential sales in Naples. 529 of those are listed at or below $300,000, continuing that trend. 47 of the 740 pendings are Previews Properties, homes or condos priced at or above $1 million dollars. Residential new listings by the month have averaged 1,670 since September 2005. That's over 20,000 new listings every year! New listings peaked in January of 2008, then again in January of 2009. However, in August 2009 the SunshineMLS hit a low of approximately 1,200 new listings coming on the market, less than any other month going back 4 years. At this writing there are 8,049 total residential listings in Naples multiple listing system. For additional information, or for a personal evaluation of your Naples home with no obligations, please call any member of The Harris-Peppe Team Today. This data is derived from the SunshineMLS. It is based on information deemed reliable but not warranted or guaranteed. It is provided for you as a service of The Harris-Peppe Team, Coldwell Banker Previews agents at the 5th Avenue South office in downtown Naples Florida.

Relax-Unwind-Swim-Fish

"If people concentrated on the really important things in life, there'd be a shortage of fishing poles." ~Doug Larson

Grab your fishing pole! You are just minutes by boat to the world famous 10,000 Islands! Nearly 3,800 square feet, like new, rarely lived in waterfront vacation home located in prestigious Royal Harbor in beautiful Naples Florida. Built in 2004, this exquisite direct access home leaves no detail unattended. Features include granite through-out, tasteful decor, a heated pool & spa, boat dock with lift, lush grounds...a truly relaxing atmosphere just waiting for you to call it home. Call for your private showing today: 239-370-0574 or view the VIRTUAL TOUR now.

Keeping in the Loop

The term, "Keeping in the Loop" has taken on a whole new meaning since we started this voyage in 2007. We are on the Great Circle Loop, better known simply as The Loop! Both of us are still full time real estate agents, so strategically we had to decide how to manage our business while physically not being at the office. The Internet has certainly helped keep us in the loop...we subscribe to numerous real estate newsletters such as Broker Agent Pro, RIS Media, Early Bird News (which is the Florida Realtor newsletter), The National Association online magazine-Agent Shield; as well as various social networks such as Twitter and LinkedIn...and I can't forget Facebook! ~and, Even though Facebook is comprised of mostly personal connections, I have actually used it often to post real estate related information including price reductions, new listings and virtual tours!

While away Sam, who we refer to as our 'right arm', manages the office and Chip's two oldest daughters who work with us, Meagan and Krista, are our eyes and legs. We work on board everyday...answering emails, proofing ads, negotiating contracts, preparing month end reports, and of course: blogging and posting on our social networks. We are having the time of our life, and we are proof positive that you can have a balanced life filled with adventure and still stay involved in a successful career. The other day I read, 'you don't get paid for working hard, effort is not rewarded...you get paid for results'! We liked that!

Make A Difference Today

"Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, 'who am I to be brilliant, gorgeous, talented, fabulous?' Actually, who are you not to be? You are a child of God. Your playing small does NOT serve the world. There is nothing enlightened about shrinking so that other people won't feel insecure around you. We are all meant to shine, as children we do. We were born to make manifest the glory of God that is within us. It is not just in some people; it is in EVERYONE! As we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fears, our presence liberates others."

~Marianne Williamson, A Return To Love: Reflections on "A Course In Miracles" 1992 Find someone who needs a helping hand. Look for the good in each person and every situation. Choose to do something today that will make a positive change in the world. Decide to volunteer. Donate blood. Take a class. Begin that project you have been putting off. Say Thank you. Give back. Smile. Be like a child. Let your light shine! This message was happily brought to you by The Harris-Peppe Team. Not because it is real estate related, but just because...

Our Request

Our Request: It is hard to believe that it has been 8 years since the atrocity against our great nation which changed us forever...Will any of us ever forget where we were at that moment in time? The Harris-Peppe Team, in cooperation with their parent company, Realogy, would like to request that every residence and every business fly the American flag tomorrow; in honor of those who lost their lives in the terrorist attack on September 11th, 2001. Let's show the world our solidarity. Following 9/11 our country pulled together and did whatever was necessary to protect ourselves and each other. The unity was unprecedented. We experienced a love of our country that possibly no other generation of Americans had ever embodied before. Through this tragedy the strength and innate goodness of our nation's people shined through. By flying your flag, you not only remember those who lost their lives, but we also send prayers out to their families and friends who continue to endure the pain of their loss. Please fly your flags in their honor. Thank you. God Bless America.

Huge Price Reduction!

Check out this week's featured home on our website at www.NaplesRealEstate.com This Exceptional Residence boasts nearly 5,000 square feet and includes 3 spacious bedrooms, a den with custom built-ins, 3-car garage, a luxurious master retreat and wrap around golf course views from every vantage point. The pool and entertainment area is lush and private. Best of all, full membership is INCLUDED in the Arnold Palmer signature golf course. This single family home is located in the Estate section of Naples Lakes Country Club. We dare you to compare the size, view, community, amenities, golf course, location and age of this fabulous home...If you are looking for value and lifestyle, this is it! Call the Harris-Peppe Team today for a private showing of this great home! 239-370-0574

Happy Labor Day Weekend!

"We should so live and labor in our times that what came to us as seeds may go to the next generation as blossom, and what comes to us as blossom may go to them as fruit. This expresses the true spirit in the love of mankind".

~ Henry Ward Beecher Have a safe and happy Labor Day weekend from The Harris- Peppe Team!

All the Bells and Whistles

Lovingly care for Key West style single family home located at the quiet end of a picturesque street in desirable Royal Harbor. Spacious Great Room features 18' cypress tray ceilings and rich crown mouldings. The fabulous pool area with waterfall leads you out to the lushly landscaped backyard and right down to your private dock with direct Gulf access! Do you want to see 'all the bells and whistles'? Click HERE for photos and a virtual tour of this magnificent residence! Call the Harris-Peppe Team today to set up an appointment to preview this home, or for a complete list of all the waterfront homes in Southwest Florida! 239.370.0574 Thanks, and make it a great day!

In the Loop, but NOT Out of the Loop

There's definitely an art to getting away and still being able to stay in touch...time management is crucial. I've taught classes over the years to new agents entering the real estate business on Business Planning and Time Management...I consider it one of my strengths. Chip & I left last week for the 3rd and final Leg of our adventure,"Discovering Ithaka". In the process of completely circumnavigating the entire eastern United States (also known as 'The Loop'), we have learned a lot...about ourselves & each other, our country--the places and the people: we've forged new friendships to last a lifetime and created memories which we will hold dear for many years to come. While away from the office one would think we would be more focused on where we are and what we are doing and not as connected to our friends, family & business back in Naples, but honestly, quite the opposite is true. While away, our team becomes our eyes and legs, but we actually work on board each and everyday. Technology is a wonderful thing...not only has email, social networking and blogging helped us to stay connected; having the office on board has also allowed us to keep current with offers being negotiated, closed sales and pendings in MLS...new listings are viewed by watching virtual tours. Our systems keep us on task and remind us who and when to call prospects....Have 'aircard' will travel! Most of the time when we talk to people they don't even realize we are out of town (unless of course they are my friends on Facebook) ha ha! We are very blessed to be experiencing this adventure...in the long run we think it will make us better Realtors. So, keep the home fires burning Naples, we'll be back before you know it...and in the meantime, I think we'll sell a few condos to some of the folks we are meeting along the loop!

Say Hello to a Good-Buy!

This is one of the best buys in Naples Florida, priced below $300,000. It is NOT a short sale or a bank owned property...It is just a well priced listing with a motivated seller looking for offers! Beautifully appointed and easy to show...Call today to see this lovely 3 bedroom coach home situated on a lake in a wonderful gated community with resort amenities. Click HERE for details! September is typically a slow month for real estate sales in SW Florida...why not come on down now and beat the rush! Interest rates are still at record lows, inventory in the 'under $300,000' price range is evaporating. Call The Harris-Peppe Team today for a list of all our Super September buys!