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!
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Thursday, July 30, 2009
Twitter Anyone?
Tuesday, July 28, 2009
Social Networking Works!
Monday, July 27, 2009
Slow and Steady
Friday, July 24, 2009
Naples Florida Luxury Home Update
Wednesday, July 22, 2009
Classic Olde Florida Architecture
Monday, July 20, 2009
Cool Things to Do in Naples Florida for the Summer!
Friday, July 17, 2009
The Biggest Net
Thursday, July 16, 2009
A Place to Hang Your Heart
Thursday, July 9, 2009
A Rare Occurrence
Saturday, July 4, 2009
Happy Birthday America
- There are 7 rays on Lady liberty's crown, some say for each of the 7 continents, others say one for each of the 7 seas!
- The exterior copper covering of the statue measures 3/32nd of an inch...less than the thickness of two pennies!
- The inscription of the statue's tablet reads: July 4th, 1776 in Roman numerals.
- The model for the face is reputed to be the sculptor's mother Charlotte Bartholdi.
- The statue's real name is, "Liberty Enlightening the World".
- Closed since September 11th, 2001, the crown is re-opening TODAY!
The Harris-Peppe Team wishes you a safe and happy 4th of July celebration with your friends and family. Please keep a moment sacred today remembering the many sacrifices that have been made and are still being made on our behalf around the world for our freedom and the freedom of all people. Amen.
Wednesday, July 1, 2009
Inventory Down. Sales Up!
- Residential Sold Listings peaked in June of 2005 with three subsequent spikes in the next 3 years in March 2006, May 2007 and May 2008. The most recent peak in May 2009 marks the first time since September 2005 that closings in the Naples MLS exceeded 700 units!
- Residential Pending Sales By Month, which is typically the best barometer for determining what is happening "now" shows a marked improvement when tracking pendings June 2005 through to the present. The average number of pending per month over the past four years has been 475, but in April and May of this year we exceeded 1000 each month!
- Residential Median Sold Price Per Month indicates the "middle" (half sold above this price, half sold below) from June 2005 to May 2009 at $352,006. However, if all listings priced at $300,000 or less are taken out of this equation, the Residential Median Sold Price By Month dramatically becomes $515,718. (keep in mind, 4 years ago you'd have been hard pressed to find any listings priced under $300,000 in Naples Florida. Today approximately 40% of our inventory is listed under $300,000).
- When duplicating this same search, but only going back 12 months to June 2008 another interesting result occurs. The Residential Median Sold Price By Month hit a low of $175,000 last month. However, once again when we eliminate all closed sales of listings priced below $300,000 from the search criteria the median price for this date range is back up to $517,371.
- Currently, Naples MLS inventory is down to under 9,000 Residential Active Listings. Just one year ago, in June 2008, we had a 33.76 month supply in inventory. But, when we take our current inventory and chart it with the current 12 month trend of pendings and closings we calculate that as of June 30th, 2009, we have a 20.79 supply in months of Active Residential Listings.
There is a strong demand for well priced listings; today's buyers are looking for value. Interest rates have remained stable. ~and We feel very lucky to be selling real estate in Naples Florida. Chip & I have had a good 1st and 2nd quarter. Year-do -date pendings and closed sales exceed 2008.
Please don't hesitate to contact us should you have any comments or questions concerning the current state of the real estate market here in Naples Florida. The Harris Peppe Team is happy to provide you with details about any specific communities or condominiums. We hope to hear from you soon and look forward to earning your business. Please call us anytime at 239-370-0574 direct. Thank you...have a super month!