Coldwell Banker Previews International

• The Coldwell Banker Previews International program has been a world leader in the marketing of luxury homes since 1933. Previews was acquired by Coldwell Banker Real Estate in 1980. This exclusive program is the only program of its caliber in the world. Previews does not sell art, Previews does not sell antiques, Previews does not sell wine...Previews sells luxury real estate around the globe. The elite group of certified Coldwell Banker Previews Property Specialists make up about 8% of the Coldwell Banker agents worldwide. In 2010, these agents participated in nearly 14,000 transaction sides of homes priced at or above $1 million! The average price for luxury home transactions listed and/or sold by the Coldwell Banker Previews International program in 2010 was $1.85 million. On average, Previews handles $68.9 million in luxury home sales every day*!
• Ultimate Homes Magazine: "In 2010, Coldwell Banker was the only brand to sell one of the top 10 most expensive homes in The United States, 'Le Belvedre'...listed at $85 million. Previews has a track record of being selected to represent some of the world's most exquisite properties, including 3 out of 5 of the priciest homes in the U.S."
• Zillow.com: "3 of the top 10 homes that sold for $12 million or more in 2010 were listed by Coldwell Banker Previews International**".
• Forbes.com: The most expensive celebrity real estate in the US, 'The Manor', was listed by Coldwell Banker Previews International at $150 million***!
• Wall Street Journal: In a recent survey of Wall Street Journal subscribers, Coldwell Banker Real Estate ranked #1 among all measured real estate companies they would consider using for future real estate transactions****!

If you or someone you know is considering a luxury home purchase in Naples Florida, or if you are thinking of selling a luxury home, don't you owe it to yourself to interview the leading luxury real estate brand in the world? Please call a member of The Harris-Peppe Team today for a no obligation consultation. 239.370.0574

Thank you, and make it a great day! The Naples Real Estate Blogger

*data based on closed and recorded transaction sides of homes sold for $1 million or more as reported by the U.S. Coldwell banker franchise system for calendar 2010.

**Ultimate Homes Lists of Most Expensive Homes in the U.S. 2010 ***Zillow.com December 20, 2010 ****Forbes.com January 14th, 2011

Select Vendor of the Week

We are very proud to feature the Professional itMan, LLC as this week's select vendor! Some of the many services that the ProitMan provides includes: Complete Homewatch Services, Storm shutter installation, Arrival & departure services, Airport pick-up, Furniture set up, Furniture assembly & repairs, Picture hanging & artwork placement, Delivery services, and Complete cleaning services. Born and raised in Naples, owner Rocco Comperatore III prides himself in customer service. His hometown roots afford him the rare ability to have a personal relationship with other service providers in the area, many of whom he has known and done business with for years. These select vendors all share a common goal: to offer his clients the very best in customer care. When Rocco says, "If you need it done, I'll get it done" he has a proven team of professionals at his disposal to make certain any job, big or small, gets the same consideration and superior results! He WILL get it done!

In addition to his credentials and philosophy, I'd also like to add that Rocco is a really nice person, and I always say, 'why not do business with a nice person!?" One of the recent homeowners that we referred him to told us they had never met a harder worker or nicer guy than Rocco. If you are looking for someone who isn't afraid to tackle any job, please call Rocco today. Even his voicemail message states that Whatever it is that you need done, he's the man to get it done! Naples will always be his home. His reputation speaks for itself. References are available upon request.

Professional it Man, LLC

Rocco Comperatore III

Naples, FL

239.777.3564

comperatore@comcast.net

Thank you, and make it a great day!

The Naples Real Estate Blogger

Rather Than Sitting On The Fence...

...Why not own it?

• Homes are more affordable-According to the Freddie Mac House Price Index, current housing prices are down 27% on average across the nation from their peak values 5 years ago.

• Rates are Low- At an average of 4.6%, a 30 year fixed mortgage interest rate remains at record lows!
• Timing is Everything-New loan limits, as published by FHFA and HUD, state conforming loan limits will be reduced on October 1st, 2011, which will decrease the availability and affordability of mortgage credit for many home buyers in 42 states.
• Homeownership is Still the American Dream-Nearly nine in 10 Americans say that owning a home is an important part of the American Dream!
• Financing IS Available-Please call our Naples mortgage expert, Kelly Rebimbas, today at 239.273.5239. Let Kelly tell you how you can qualify to own a home in paradise!

Now really is the time to make your move. Please allow one of the agents at The Harris Peppe Team at the Coldwell Banker Previews office on Fifth Avenue South in downtown Naples Florida show you the great selection of Naples homes and condos currently for sale here on The Paradise Coast! They hope to hear from you soon, and they look forward to earning your business! 239.370.0574

Thank you, and make it a great day,

The Naples Real Estate Blogger

*Information as published in an ad in the USAToday newspaper on July 13, 2011 by Realogy Corporation.

A Reflection of Supply and Demand

The Coldwell Banker Residential Real Estate offices in Naples and Bonita Springs Florida recently had the honor of having Cindy Carroll as a guest speaker at their joint monthly business meeting. Cindy is a State-Certified Residential Real Estate Appraiser who I happen to go back with to the days when we were both picking up our kids at the same day care. In other words, she's been around the block a time or two, and her knowledge of the market is unsurpassed. Cindy shared with us some market statistics, some of which I found to be absolutely stunning. As a point of clarification, the dates noted, being referred to as the "date of survey" indicate closed sales in the 12 months prior to the survey date.

Here are a few examples of a reflection of supply and demand in the Naples Residential Real Estate from Carroll and Carroll:

• Aqualane Shores: Peaked at years supply in April 2007 with 3.63 years. Had only 7 closed sales the 12 months prior to July 2009, and presently has 43 active listings, 21 closed sales from May 2010-May 2011, and a current absorption rate of 2.05 years.
• Olde Naples/Single Family Homes: Peaked at 3.2 years supply in December 2008, presently has 77 active listings, down from the peak of 116 in April 2007. Today's absorption rate is just under 1 year.
• Olde Naples/Condominiums: Inventory peaked in April 2007 with a 4.6 years supply. As a comparison, There were 74 active listings in February 2005 and 172 closed sales in the 12 months prior to that date. Currently there is a 1.48 year supply.
• Port Royal: As far back as the survey was taken Port Royal has maintained approximately a 2 year supply. Absorption rate was 2.7 in June 2003, it was 2.35 in October 2008, 2.21 in April 2010, and currently with 61 active listings the years supply is 1.49 with 41 closed sales in the past 12 months.
• Royal Harbor: One of the most astonishing statistics comes to us from the Royal Harbor area. In April 2007 the years supply was 9.6 years! With 48 active listings at that time and only 5 closed sales in the 12 months prior to that date. Closed sales in Royal Harbor peaked in 2004 with 44 closings. Currently there are 38 actives, 27 closed sales in the past 12 months, and a 1.41 years supply-An amazing recovery!
• Moorings, Park Shore & Coquina Sands/Single Family Homes: The years supply in this area peaked in April 2007 at 3.7 and currently has one of the healthiest absorption rates at 1.07 years supply, 115 active listings, 34 pending, and 107 closed in the past 12 months!
• Moorings, Park Shore & Coquina Sands/Condominiums: Similar to the single family homes west of 41, the condos currently have a 1.29 years supply, and peaked in April 2007 with approximately a 2 1/2 year supply.
• NA 15: This is the area between 41 and Goodlette Road. Single family homes available was at a shortage in November 2010! Currently there is a .56 year supply, with only 39 active listings and 70 closed sales in the past 12 months. Three years ago this zone peaked at 3.5 years supply.
• Several other areas have seen shortages and a balances between supply and demand, they are: Golden Gate City currently at .28 years supply, Lakewood at .57 years supply, Naples Manor at .20 year supply, and Golden Gate Estates which had a shortage of inventory in November 2010.

Cindy shared several other communities with us, and I have information about Pelican Landing, Pelican Bay, Bonita Bay, The Vineyards, Quail Creek & Quail West, Pine Ridge and the Vanderbilt Beach areas. If you would like details about a neighborhood not mentioned in this blog post, please call The Harris Peppe Team today. 239.370.0574 We would be happy to do a no-obligation evaluation of either an area where you are thinking of investing or a home that you presently own.

Thank you, and make it a GREAT day!

The Naples Real Estate Blogger