Today's blog post will concentrate on boating waters, specifically single family homes with direct gulf access.
Wednesday, April 27, 2011
Sunday, April 24, 2011
Friday, April 22, 2011
Thursday, April 21, 2011
Best Buy over $2 million: Look no more if you are searching for a large family compound! This southern exposure residence boasts bay views from most rooms! Over 10,000 total square feet, the many features of this home include a private elevator, billiards room, wonderful vanishing edge pool, impact glass & shutters, sauna, master suite sitting area, and so much more. Click here to view the Virtual Tour.
Best Waterfront Single Family Home Value between $1.5-$2 million: Seeing is believing in this professionally decorated direct access 4+den, 4 full baths, pool, 60' dock, library, indoor air-conditioned storage, reverse osmosis, gourmet kitchen. The list goes on and on! Click here for the Virtual Tour.
Best In-Town Buy! This is the Olde Naples lifestyle at its best! Only 1 block to all the fabulous 5th Avenue South restaurants, shopping, galleries and live theatre. Beautifully appointed, this home has every imaginable upgrade and feature that one would expect in a luxury property in downtown Naples. Private pool, private elevator, private gardens with fountain and pavers meander around this picturesque Mediterranean-style villa. You won't want to miss viewing the Virtual Tour here!
Best Bayfront Condo Buy! Choose from two spacious townhomes in the intimate community of Bayview Estates. Totally updated, with docks included, these 3 bedroom 3 bath residences live like a private home with attached 2 car garage. Tropical pool is shared by only 8 condominums. This lovely complex is located at the end of a tree-lined street directly on Naples Bay! The views are priceless! Click here to view both properties: Virtual Tour 1 and Virtual Tour 2.
Best Buy between $500,000-$1 million: A remarkable single family home located in a gated community in central Naples. 4 bedrooms + bonus room, 3 1/2 baths. Modern, hip & trendy best describe this custom built home. Soaring ceilings, walnut plant flooring, GE monogram appliances. The backyard is a peaceful oasis. To view this spectacular home click here for the Virtual Tour.
Best Investment Property: Located a short walk to the pristine gulf beaches, and directly on world famous Fifth Avenue South-this exciting 2 bedroom 2 bath condo allows 52 rentals per year and generates an excellent income! Turnkey furnished, the other amenities include a heated pool, large open patio, plus a new roof & freshly painted exterior. Priced to sell at only $329,900. Click here for the Virtual Tour.
Best Golf Community Condo: First floor end unit with attached garage and spacious lanai, this 2 BR + den is being offered turnkey furnished. Located in a gated community within a short drive to downtown Naples. The community features a Tom Fazio golf course, tennis, fitness center and lovely clubhouse with Naples Bay views. You won't believe the value at $299,900. Check out the Virtual Tour here.
Best Condo Buy under $250,000! Bright and cheerful, with south exposure and lake views-this 3 bedroom townhome has an attached garage, vaulted ceilings, large lanai, eat-in kitchen, and best of all: It is located in a gated Resort Community featuring a social center, tennis, fitness center, multimedia room, catering kitchen, lap pool plus a resort-style pool. This is Florida living at it's best! Watch the Virtual Tour and see for yourself!
For more information about these Naples Best Buys, please call The Harris-Peppe Team today. 239.370.0574 It may almost be May, but we still have some excellent buys in Naples Florida!
Thanks, and make it a GREAT day!
The Naples Real Estate Blogger
Friday, April 15, 2011
Presently there are 83 Single Family Homes on the market in NA 06
The prices range from $549,000 to $13,900,000.
There aren't any 'Short Sales' or Foreclosures currently listed in *MLS.
Currently there are 22 homes under contract, approximately half have had their conditions met and are scheduled to close.
Year to date there have been 18 closings ranging in price from $330,000 for an older home, about 7 blocks to the beach and 12 blocks north of 5th Avenue South to a beach front cottage which recently closed for $6 million.
Average sale price in the past 12 months=$1,732,252.
Median sold price in the past 12 months=$1,375,623.
36 of the 83 homes for sale were built 2000 or newer. The least expensive is listed at $1.4 million and is located on 3rd Avenue North, 4 blocks to the beach, built in 2008 with nearly 3,500 sq ft of LA.
Only 5 of the 36 newer homes were completed in the past 12 months. Prices of these brand new homes start at $1.8 million up to $13.9 million, with homesite premiums depending upon lot size, and distance to the gulf.
Presently there are 182 Active condominiums listed in Old Naples.
The condos for sale start at $112,450 for a 1 bedroom up to $3.2 million for a luxury condominium with amazing amenities.
Currently 20 condos are under contract and there have been 34 closings year to date. The sold prices have ranged from $75,000 to $1,550,000.
The average sold price of condos in NA 06 in the past 12 months has been $528,000.
The median sale price was $396,998.
There has only been 1 condo sell that was listed at or above $2 million in nearly 2 years!
There are some very good buys right now in Old Naples, but the bottom prices are creeping upward in single family homes due to a lack of inventory in the lower range. ~And, condos in communities with amenities [i.e. pool] are also going fast in the lower price ranges. The high end condominiums are still seeing buyer resistance. The list to sale ratio in both homes & condos over the past 12 months has been 93%. This is contrary to what a lot of media outlets are reporting about Naples. Again, taking a broad stroke of Naples skews the actual results in specific areas such as Old Naples. Old Naples is a treasure and it always will be. Call us today to request additional information about this charming beach front community! Your home in paradise is just a phone call away! 239.370.0574
Thank you and make it a great day!
The Naples Real Estate Blogger
*all information derived from the Naples MLS and is deemed accurate but not guaranteed.
Tuesday, April 5, 2011
Friday, April 1, 2011
- Presently there are 7,546 Active Residential listings in the Naples MLS. Down approximately 5% over the same time last year.
- Current Listings: 3,261 are Single Family Homes & 4,285 are Condominiums.
- 1 Qtr 2011 there have been 926 total closed single family home sales. Based on that number we could possibly close over 3,700 homes by the end of the year, making our present inventory of single family homes less than a 1 year absorption rate overall.
- Of the 926 closings, 583 were listed at or below $300,000-that is approximately 63% of the single family homes closed.
- 92 of the 926 closings were homes listed at or above $1 million-approximately 10%
- 1st Qtr 2011 there were 1,114 total condominium closings.
- 836 were listed at or below $300,000-over 75% of the closings.
- 63 of the 1,114 condos closed YTD were listed at or above $1 million, less than 6% of the total closings. Currently condos listed at or above $1 million comprises 11.8% of the total condo inventory. However, it is the luxury condominiums which have seen the greatest increase in number of closings when compared to the 1st Qtr of 2010, up nearly 8%.
- Total closed residential sales 1st Qtr 2010=1,945 vs 1st Qtr 2011=2,040
- 38% of the closings have been conventionally financed. Most buyers are still paying cash.
- The Median sale price in Naples is presently approx. $186,000.
- The Average sale price in Naples is presently approx. $349,000.
- In contrast, the Average sale price in Naples zip codes 34102 & 34103 is $1,199,242.
- NA06: Old Naples average sale price is up an estimated 12% in the past 12 months vs. the previous 12 months.
- NA05: The Crayton Road area average sale price is up approx. 3%.
Perhaps the best barometer in determining the real estate climate is measuring "Pendings". [see chart above]. This best demonstrates the trend line. Sales are UP, and well priced listings are selling fast! Call The Harris-Peppe Team today to discuss in more detail any specific neighborhood that you are interested in and we will gladly assist you. 239.370.0574
Thank you and make it a GREAT day!
The Naples Real Estate Blogger