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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Saturday, December 31, 2011
2012 : The Year We Have All Been Waiting For...
Wednesday, December 21, 2011
Business Planning 101
Friday, December 2, 2011
22 Shopping Days 'til Christmas!
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The everyday "To do" list
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The "I never go to the Grocery Store without a" list
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The Books I want to read list
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The Birthday and anniversary cards for the month ahead list
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The Things that need to get done around the house list
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The Guests attending our Christmas parties [yes, I'm having more than one party] list
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The What to cook at each party list
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The Christmas gift list...card list...
Well, you get the picture. It comes from being a first born, organized, sometimes compulsive, cannot say "no", overachiever...lists are what keep me sane! I actually like lists. When I get a little behind, I've even been known to put things on my lists that I've already done...gives me a sense of accomplishment..."check!" ~Have you seen the commercial on TV lately of the woman who goes to the check out and asks the clerk if he can read anything on her list and he says, "No, there's a line through everything."...and she smiles and gives him a "Boo-ya"!
Anyway, I know a lot of you reading this like lists, too. In fact, one of the most requested blog post suggestions I've gotten recently is for me to post lists of what's selling and what I think are some of the best buys around Naples. So here's a short recap of what happened in the market in November, and what is currently for sale in some of the neighborhoods where The Harris Peppe Team lists and sells:
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There were a total of 231 single family homes and 243 condos that closed in Naples in November 2011. Down less than 1% over the same time period a year ago.
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Of those 474 closings, 89 were listed as "Short Sales"...that's about 18%
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43 of the 89 short sales were priced below $300,000!
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98 were listed as "foreclosures"...about 20%
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91 of the 98 were priced below $300,000!
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There was a total of 33 closings priced at or above $1 million
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3 of the 33 were short sales, and only 1 was a foreclosure!
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There was a total of 20 single family homes that sold last month in NA 04 to NA 08 [this includes but is not limited to Pelican Bay south to Port Royal along the beach and includes Old Naples, and the Royal Harbor Area as well] 3 of the 20 were short sales. There were 49 condo sales in these same areas, and only 2 were short sales.
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Presently there are 67 single family homes for sale in Old Naples [NA 06]. Only 9 are listed below $1 million! The least expensive home for sale in Old Naples as of this writing is priced at $549,000
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There are 139 condos listed in Old Naples starting at $109,000 for a 1 BR/ 1 BA on up to a luxurious villa for $2,550,000
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There are 102 homes for sale in NA 05 [Crayton Road corridor]. With just a handful priced below $500,000, on up to a waterfront home boasting 5,400 sf built in 2004 with an asking price of $5,250,000.
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One of the hottest neighborhoods is NA 15, the area between US 41 and Goodlette Road, which showed a 7% improvement in the past 12 months as compared to the previous 12 months. Presently there are 46 single family homes available. 15 of the 46 are listed as short sales, and 36 of the 46 are priced below $300,000.
Well, that's my list for the day--I hope it helped you get a better picture of what is happening in some of the areas in Naples Real Estate. Please call us if buying a home in Naples is on your list! 239.370.0574
~And remember, Naples is usually Santa's last stop!
Thanks, and make it a GREAT day,
The Naples Real Estate Blogger
*Data is derived from the Naples multiple listing system, SunshineMLS and is deemed accurate but not guaranteed.
Wednesday, November 30, 2011
Select Vendor of the Week
Wednesday, November 23, 2011
The Power of Being Thankful
Tuesday, November 22, 2011
Naples Waterfront Real Estate
Thursday, November 10, 2011
Fifth Avenue South, The Heart of Old Naples
Monday, November 7, 2011
Coldwell Banker Lists New Previews Residence
Friday, November 4, 2011
Select Vendor of the Week
Wednesday, November 2, 2011
"Real Estate is NOT Real"!
Friday, October 28, 2011
Select Vendor of the Week
Tuesday, October 25, 2011
Building Bridges
Wednesday, October 12, 2011
Naples Real Estate 3rd Quarter Stats
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3,000 were single family homes
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1,800 single family homes were listed under $300,000.
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586 of the 3,000 were 'short sales'., of which 78% were listings under $300,000.
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Of the 3,000 single family home closed sales year-to-date, only 17 were short sales listed at or above $1 million
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709 of the 3,000 were foreclosed homes, of which 89% were listed under $300,000.
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3,495 were condos/villas
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2,505 condos/villas were listed under $300,000.
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506 of the 3,495 were short sales, of which 94% were listed under $300,000.
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552 of the 3,495 were foreclosed condos/villas, of which 96% were listed under $300,000.
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There was a total of 237 closed condos/villas year-to-date listed at or above $1 million. Only 1 of the 237 closings was a short sale.
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There haven't been any condos/villas closed year-to-date, listed at or above $1 million that were categorized as foreclosed properties.
A few more stats: Current inventory in Naples, residential listings, is down 18.5% over this same time period last year. With pendings up 11% and inventory down to approximately a 9 month supply, I believe we are beginning to see a seller's market again in some choice neighborhoods. The absorption rate varies from community to community, and I would be happy to do a more specific analysis for you. The lower priced listings are still driving the market, but there is no question we are seeing a dramatic rebound in the Naples luxury market. Also, the lack of inventory in new and newer homes due to the slow down in construction has created opportunities for sellers in neighborhoods built since 2000. We are even seeing multiple offers in some cases when homes and condos are priced fairly. There are also some fabulous values to be found in the "tear down" market in the neighborhoods along the beach and waterfront. Royal Harbor as an example, which had approximately a 9 1/2 year absorption rate just a few short years ago, now has less than a one year supply. Old Naples presently has 63 Active single family homes listed, whereas there have been 55 closings year to date...another example of less than a year's supply of inventory.
For additional details about The Naples Real Estate market, please call a member of The Harris Peppe Team today. We look forward to hearing from you soon and hope to earn your business. 239.370.0574
Thank you and make it a great day,
The Naples Real Estate Blogger
*The source of this information is compiled from data obtained from SunshineMLS. The accuracy is not warranted or guaranteed and should be independently verified if one intends to engage in a transaction based upon it.
Wednesday, September 21, 2011
Stunning Views of Moorings Bay
Sunday, September 18, 2011
Ready or Not, Here "I" Come!
Friday, September 16, 2011
Congratulations Sam!
As always, thanks for reading our blog, and make it a GREAT day!
The Naples Real Estate Blogger
Sunday, September 11, 2011
Remembering 9.11
Tuesday, September 6, 2011
Taking a Break
Friday, August 26, 2011
Happy Birthday Coldwell Banker
Tuesday, August 23, 2011
More Naples Real Estate Updates
Monday, August 22, 2011
Naples Florida Welcomes Students and Teachers back to School!
Wednesday, August 17, 2011
The Language of Luxury
Tuesday, August 16, 2011
Naples Real Estate On the Waterfront
Wednesday, August 10, 2011
"Opportunity Time"
Wednesday, August 3, 2011
Select Vendor of the Week
Tuesday, July 26, 2011
Coldwell Banker Previews International
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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*!
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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."
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Zillow.com: "3 of the top 10 homes that sold for $12 million or more in 2010 were listed by Coldwell Banker Previews International**".
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Forbes.com: The most expensive celebrity real estate in the US, 'The Manor', was listed by Coldwell Banker Previews International at $150 million***!
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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****!
Friday, July 22, 2011
Select Vendor of the Week
Wednesday, July 13, 2011
Rather Than Sitting On The Fence...
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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.
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Rates are Low- At an average of 4.6%, a 30 year fixed mortgage interest rate remains at record lows!
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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.
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Homeownership is Still the American Dream-Nearly nine in 10 Americans say that owning a home is an important part of the American Dream!
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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
Friday, July 1, 2011
A Reflection of Supply and Demand
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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.
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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.
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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.
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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.
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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!
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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!
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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.
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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.
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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
Wednesday, June 29, 2011
Free eBooks
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How to Create the Perfect Retirement: Today more than ever, you are faced with a multitude of questions about your retirement years. This eBook offers great tips on planning, including 'What it takes to be ready for retirement, whether you have enough money to retire, what to do when you do retire, and fantastic retirement travel ideas.'
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A Guide to Establishing Florida Residency: Florida has attracted more retirees than any other state since the 1960s. This eBook covers a lot of what you need to know when deciding to make Florida your new home such as the difference between residency vs domicile, Florida taxes, motor vehicle information, voter registration and college residency requirements.
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The Florida Beach Book: If you love exploring Florida's beaches, then this is the book for you! It covers 350 beaches across the state, as well as maps, county overviews, pet policies, dog parks and handicap accessibility.
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How to Buy a Second Home in Florida: If you are interested in learning what you need to know about buying a second home in Florida, or a vacation property, then this eBook will be a great resource. Here you will discover what type of Florida home you should buy: condo vs single family home, the benefits of working with a real estate agent, the purchase and closing process in Florida, and tips on how to be an absentee landlord.
Please send us any suggestions on what other types of eBooks you would like us to feature on our Naples Real Estate website. ~And remeber, whether you are a first time homebuyer, or a prospect looking for a luxury home in Southwest Florida, The Harris Peppe Team is ready to assist you with all you housing needs! We look forward to hearing from you soon, and we hope to earn your future real estate business! 239.370.0574
Thank you and make it a GREAT day,
The Naples Real Estate Blogger