Building Bridges

I don't use this platform for political commentary very often...but I just need to vent a little. It may actually not be a "political" statement at all, but rather a perspective on the nature of things as I see them right now. I've had people that I know, love and respect becoming very angry lately with what is happening in the world. I see them react in a most unfamiliar way and I hear them make judgements and say things that I never thought I'd hear them say...This is true of people on both sides of the political spectrum. Good, kind, loving souls who profess to not judge are spouting out irrational comments about everyone they don't see eye to eye with. I understand why people are angry, but I just don't see it as a solution. I personally don't think we can get from where we are today to where we want to be by continuing to be mad and angry. All these protesters would be creating a much better world if they weren't out there stirring up so much negativity, but rather went to volunteer at a soup kitchen or read to a lonely old person in a nursing home. The right blames the left and the left blames the right....Poor people blame rich people and rich people blame poor people. TV commentators on both sides are spewing hate-filled words.

There's a sign on the door leading into our office at work which reads, "Please take responsibility for the energy you bring into this place." It's an Oprah quote, and I love it. It really gets your head on straight when you get to work and you are immediately cognisant of taking responsibility for your attitude. I believe that what people practice on a small scale ripples out into their community, and ultimately creates the world as they perceive it. We need to be kinder to one another. We need to be more respectful of our differences. We need to take a greater responsibility for our own lives and quit blaming other people when things aren't going our way. We need to stop expecting the government to bail us out. When a neighbor is truly in need we will be there for them. Why? Because we humans are innately good, that's why! Let's turn off the news in the morning and at night, whether it's CNN or Fox, and let's begin and end our day doing a good deed, calling a loved one, volunteering, hugging a child, adding beauty to the world...Let's stop before we judge a republican or a democrat and try to find what we have in common rather than what sets us apart.

Today I choose to build bridges. Will you join me?

Thank you for your time,

The Naples Real Estate Blogger

Naples Real Estate 3rd Quarter Stats

Nothing indicates what is happening in the real estate market more accurately than listings going under contract. The graph below depicts pendings of Naples residential listings over the past 4 years, per the local multiple listing service: SunshineMLS. This is a clear illustration [click on graph to enlarge] of the peaks and valleys in our local market. Obviously, our pendings go up during "season"-- that just makes sense. But, what I am hoping to show here is the "trend line"...regardless of what is happening in markets across the country, we are definitely seeing an increase in sales in Naples Florida.

Here are a few more *statistics that I think you will find interesting:

1.) January 1st, 2011- September 30th, 2011: Total Closed Sales = 6,598.

This averages 733 closings per month.

We are on track for an 11% increase in sales this year over last year.

2.) January 1st, 2010-December 31st, 2010: Total Closed Sales = 7,837.

This averages 653 listings sold per month.

2011 Year-to-date, of the 6,598 closed residential sales:

• 3,000 were single family homes
• 1,800 single family homes were listed under $300,000.
• 586 of the 3,000 were 'short sales'., of which 78% were listings under $300,000.
• Of the 3,000 single family home closed sales year-to-date, only 17 were short sales listed at or above $1 million
• 709 of the 3,000 were foreclosed homes, of which 89% were listed under $300,000.
• 3,495 were condos/villas
• 2,505 condos/villas were listed under $300,000.
• 506 of the 3,495 were short sales, of which 94% were listed under $300,000.
• 552 of the 3,495 were foreclosed condos/villas, of which 96% were listed under $300,000.
• 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.
• 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.

Stunning Views of Moorings Bay

This truly is a remarkable opportunity to own a 3 bedroom, 3 bath condominium on Naples prestigious Gulf Shore Blvd. This home boasts a rare and magnificent 1400 square foot open air terrace overlooking Moorings Bay!The total area of this Naples condo is 3,479 square feet.

The private patio has access from all three bedrooms and the living room, making it a very livable floor plan which allows for wonderful entertaining possibilities~cocktail & dinner parties of more than 60 guests have enjoyed this fabulous space. All three en-suite bedrooms have large walk-in closets with built-ins. Beach access is across the street, and there are boat docks available at The Lucerne for owners to rent.

All condos are not related equal. Please come see why we think this is one of the best kept secrets in all of Naples! The Harris-Peppe Team at Coldwell Banker Previews International on Naples 5th Avenue South is ready to earn your business! 239.370.0574

Thank you, and make it a great day!

The Naples Real Estate Blogger

Ready or Not, Here "I" Come!

I can't believe we are more than half-way through September. Where has this year gone? And, it's not just me...everyone I talk to is saying the same thing. Honestly, today's newspaper fliers were filled with ads for Halloween decorations and winter clothes! You know what that means, don't you? We need to start asking ourselves, "Where are we having this year's office Holiday Party?" That, among the many other questions that we haven't had to ask ourselves in awhile...think about it...what questions do you have running around in your head?

We have already begun to see the arrival of the car transporters...much earlier than usual I might add. Who can blame them, check out the map to see today's highs in all of our feeder markets...yupper, there's already frost on the pumpkins in many areas! Typically we don't see the 18 wheelers with their cargo of automobiles rolling into town until mid-October. These cars, with their Michigan, Indiana and Jersey plates [to name a few] will soon be crowding our roadways, making illegal u-turns, honking their horns and running red lights. Now, don't get me wrong...I love our loyal snowbirds-- With the crowds come mostly good things. This is when we prosper. This is when all the service industries in Southwest Florida thrive. We look forward to the return of the snowbirds [just not their driving habits]. It is a good thing that they come back to this beautiful place someone named Naples long ago...It is a good thing that it gets so darn cold up there so that we can sell some of them pretty houses and condos in paradise!

So, ready or not, here comes "season"! Please be extra careful on the roads everyone...and please let us know if we can help you or someone you know find a winter home or condo in Naples!

Thanks, and make it a great day,

The Naples Real Estate Blogger

Congratulations Sam!

The Harris-Peppe Team is proud to announce that our A#1 marketing coordinator and team assistant, Sam Wells, has passed the Florida State Real Estate Exam! Sam has worked for us for nearly 8 years. Those of you who know her personally, or who have had the pleasure of working with Sam, know what an asset she is to our team. We are thrilled to make this announcement, and we hope you will join us in wishing Sam continued success in her career! It is our ultimate goal to provide our buyers and sellers the utmost in customer satisfaction. Our belief is that having a licensed personal assistant will enhance our services and create better communication with our customers.

SAM WELLS

As always, thanks for reading our blog, and make it a GREAT day!

The Naples Real Estate Blogger

Remembering 9.11

Please join us in keeping every soul affected by the tragedy of September 11th, 2001 in our hearts.

...We will always remember.

Taking a Break

I've been away. It's a funny thing...everyone who knows me, or should I say everyone who 'thinks' they know me, can't believe I didn't go through technology withdrawals during the past 6 days. I didn't. Usually, whenever I go out of town, whether it is off on our boat or up to our cabin, I bring along my trusty laptop and dependable aircard. Usually I stay connected. I manage my website and social marketing. I email. I blog. I facebook. Not this time. This time I spent a wonderful, long holiday weekend away from the office and away from the Internet. I did not go through any symptoms of withdrawal. I disconnected and stayed disconnected. I turned my phone on one time, on Saturday, to call my mom and Chip. Neither of them answered. That's ok. I left them both a message, and told them not to worry about calling back...I was turning my phone off again. [I did however use my phone a couple of times to check in on Foursquare] Once, I thought about going online at an Internet cafe', but the thought soon left me. I was so happy not to be so easily connected. Lucky for me, I had two amazing people covering for me in my absence. Chip & Sam. That definitely made taking a break easier. We should all take those breaks. Regularly. I'm back to work today. The phone hasn't stopped ringing. I've answered a dozen Naples Real Estate inquiries. I touched base on Twitter. LinkedIn. Facebook. I've read through and answered a lot of emails...and now, now I'm writing a short blog post. I thought I'd post about taking a break from technology. It's important to disconnect so that you can reconnect with those things in life that really matter.

Make it a great Day!

The Naples Real Estate Blogger

Happy Birthday Coldwell Banker

Happy 105th Birthday Coldwell Banker!

Coldwell Banker has made the dream of home ownership a reality for millions of families since first opening their doors for business in San Fransisco in 1906. We may be 105 years old, but we sure don't act it! We continually lead the charge with innovative technology, state of the art transaction management systems, and global marketing initiatives. Help me in wishing Coldwell Banker a happy birthday from Naples Florida!

Thank you, and make it a great day,

The Naples Real Estate Blogger

More Naples Real Estate Updates

A Diminishing Inventory in Naples Florida Real Estate

The Naples Daily News article from the weekend paper touted the continuing market stability of our local real estate values. According to The Naples Area Board of Realtors, key indicators such as 'pending sales, current inventory and the median closed price' show signs of real estate stability during these otherwise challenging economic times. Their report further states pending sales were up 2% in July 2011 when compared to July 2010. Another contributing factor is the decrease in non-traditional sales such as short sales and foreclosures. In one of my recent posts about waterfront homes in Naples I calculated that there were 214 homes for sale in the Naples MLS with direct or indirect gulf access. Of those only 12 were short sales and there weren't any foreclosures reported. According to NABOR, 'inventory continues to drop at a rate of 19%. Across the board we currently have less than a 9 month supply of inventory'. This is the lowest seen since NABOR began tracking absorption rates in April 2007. Since April 2007 inventory in Naples has declined over 5,000 residential units. Thanks mostly to smart money investors who are taking advantage of the great values!

Here is a synopsis of one aspect of our market which I believe will help illustrate the current trends in a very popular price range here in Naples, as an example:

Currently Active Single Family Homes priced below $500,000=1,300

When you add to that general search criteria more specific search parameters such as: Year Built 2000 or newer, homes with a private pool, located in a gated community, that number goes from 1,300 Active listings down to only 158 Homes for Sale in all of the NA zones in Naples. Now, take into consideration all homes that meet the very same specifications that have closed in the past 12 months: and there have been 298 closings. That equates to approximately 24.8 closings per month. Based on those closed sales and today's current inventory, we are left with only a 6.37 month absorption rate in that priuce range and specifications! Typically a 12 month absorption rate is considered a 'healthy market, therefore it is this writers' belief that we are experiencing a stabilizing real estate market in Naples Florida.

For additional information about homes for sale in all price ranges, please contact a member of The Harris Peppe Team today! 239.370.0574

Thank you, and make it a GREAT day!

The Naples Real Estate Blogger

data derived from the Naples area MLS is believed to be accurate but not guaranteed.

Naples Florida Welcomes Students and Teachers back to School!

Welcome Back!

Today marks the first day back to school for students here in Collier County. To assist those families considering a move to our area we have created a page on our website which lists all Public and Private Schools in Naples, as well as links to each school's website. We also offer links to zoning maps and the 2011-2012 school calendar. We have also provided information about colleges and universities in Southwest Florida and a link to the Florida Department of Education site. Here is another link which is the most recent Collier County School Grades obtained from the state, dated June 2011.

As a 30 year Collier County School volunteer myself, I can tell you firsthand that our schools are filled with hardworking & dedicated teachers, excellent administrators, and the most beautiful children in the world...They are our future, and we are in good hands.

Please contact me if you would like additional information about volunteer opportunities, or to find homes for sale in Naples Florida, please call The Harris Peppe Team today. 239.370.0574.

Thank you and make it a great day, and please remember to slow down in the school zones!

The Naples Real Estate Blogger

The Language of Luxury

Chip and I took two new listings this week. In each case we were up against our 2 main competitors in the Naples Luxury Real Estate market. In both instances, the sellers selected The Harris Peppe Team because of Coldwell Banker's global reach, our technology and Internet presence, and the networking capabilities of Cartus Corporation, which manages the relocations of more than 140,000 customers annually.

Why do International Homebuyers choose Florida? *31% of all international homebuyers who purchased in the United States in the past 12 month chose Florida as their top destination. The reasons given are: Ease of ownership, Value, Location, and Lifestyle. In Florida, Coldwell Banker has 4,600 sales associates which are highly trained to help buyers find Florida properties that match a purchaser's investment, rental and vacation needs. Collectively, our associates are in 83 offices statewide, they speak 100 foreign languages and they connect with nearly 100,000 Coldwell Banker agents worldwide.

Our Internet presence is unmatched in the industry today. In addition to the 350 websites on which we feature our listings, we also have access to a 'rapid response' device known as Leadrouter, we are the most 'followed' real estate company on Twitter, and we've received over 25,000 visitors from 99 countries on our blog! We have partnered with REALTOR.com, Trulia, Zillow and Yahoo Real Estate, the four leading real estate search websites. To top it all off, sellers who list with us get their home showcased on Naples Real Estate.com, our very own website, on which you can search all active listings in The Naples multiple listing system!

If you or someone you know is thinking about selling a home in Naples Florida, you owe it to yourself to interview Chip Harris & Michele Peppe. The Language of Luxury sums it up best, "To the extent that incumbent market leaders rest on their laurels, do not stay focused or do not keep up with technology, market leadership is up for grabs for any real estate marketing professional with a superior proposition and the right brand strategy." We are dedicated to providing old fashioned service combined with state of the art technology. We look forward to hearing from you soon, and hope to earn your future business.

Thank you and make it a great day,

The Naples Real Estate Blogger

*according to the National Association of Realtors-2011 profile of international buying activity.

Naples Real Estate On the Waterfront

What's is happening on the Naples Waterfront?

According to the Naples Area MLS there are 214 single family homes currently for sale that fall into the category of "gulf access". Of those, 119 have 'direct' access; which means there are no bridges from their dock to the gulf.

Of those 214 Active homes for sale, 35 are listed under $500,000. 16 of the 35 are 'direct' access homes, with most of those located in Goodland, Isles of Capri, Little Hickory Shores, and Gulf Shores off of Bayshore Drive. One of the best buys in this price range is a renovated 3 BR/ 2 BA on a large corner lot which will accommodate a small flats boat, wave runner or kayak. It is listed for only $129,900. and is located in The Bayshore Gateway Redevelopment District. It's a super value! Click here to view one of Naples Best Waterfront Values.

There are another 35 Active listings priced from $500,000 to $999,999. Twenty-two of them have 'direct' access including a 2 BR/ 2BA in Golden Shores listed at $599,900. Another 'Best Buy' is a 1960's vintage 3 BR/ 2BA without a pool on Tarpon Road in Royal Harbor listed at $649,500. This is a neighborhood where it would have been difficult to find a home listed under $1 million when the market peaked.

Once you get into the $1 - $2 million price range the inventory is down to only 18 Active homes for sale. These listings are scattered around Naples in the Royal Harbor area as well as Connors Vanderbilt and Aqualane Shores. There are only 8 homes for sale priced under $2 million built 2000 or newer! I think the very best buys are 2031 Tarpon Road and 1360 Pelican Avenue. [click on the addresses for additional info and to view the virtual tours].

Expand your search above $ 2 million and you will find 30 single family homes listed that were built 2000 or newer, on the water in Naples MLS. Most of these are in Aqualane Shores or Port Royal. The highest priced newer home currently listed is located on Galleon Drive. It has approximately 9500 sq ft of Living Area, built in 2006, and the asking price is $14.9 million. There are 48 homes for sale in Port Royal.

There have been 127 single family gulf access homes closed year-to-date in the Naples MLS. That gives us just a 15 month absorption rate. 54 of the closed sales have been listed under $1 million-with only 69 Active single family homes presently listed under $1 million that calculates to less than a 1 year absorption rate in that price point. Those waterfront homes that are priced well will sell! Timing is everything, and it seems like the market is finally meeting the sellers expectations and the price that the buyers are will to pay. An interesting side note: of the 214 Active listings, only 12 are short sales, and there aren't any foreclosures!

If you would like additional information about Homes for Sale in Naples Florida, please contact a member of The Harris Peppe Team today. 239.370.0574

Thank you, and make it a great day!

The Naples Real Estate Blogger

*all data and info derived from the Naples multiple listing system and is deemed reliable, but not guaranteed.

"Opportunity Time"

"Luck is what happens when preparation meets opportunity."

Right now, as I write this post, I am on 'floor duty', otherwise known as opportunity time. A lot of the more seasoned agents don't do floor time anymore...Me? I still like floor duty. In addition to watching all the comings & goings at the front desk...which by the way today it's a very active reception area...it also gives me an opportunity to greet the passer-bys that take the time to step up to our picture windows to look at the brochures that are posted out front and grab a few magazines that are in racks by our entrance. Most people don't really want to be approached...they are just window shopping, and dreaming, and not ready to buy...But, offering them a cold bottle of water, a free map, and my 30 years of experience, many times I can get them inside to sit and chat about one of my loves: Naples!

Yesterday one of my co-workers closed a sale that was a result of a floor call. She got a call from a buyer that was staying at The Ritz, who specifically phoned Coldwell Banker because our brand was familiar to them...This particular agent is one of the hardest working agents in our office. She deserves good things to happen to her...She was filling in for a seasoned agent who did not show up for floor duty and who has since left our company in search of greener pastures! Ironically, the price tag of the home that this 'floor call' purchased exceeded $8 million dollars--One of the highest recorded sales in Naples this year! Now, this is what I call 'opportunity time'! Congratulations to my esteemed colleague, and to Coldwell Banker! The strength of our brand is evident everyday, our location on 5th Avenue south is the best in town, and success is available each day for those who know they create their own luck when preparation meets opportunity time!

So, here I am waiting for that call from The Ritz--I'm feeling pretty lucky today, too! Hope to hear from you soon! 239.370.0574

Thanks, and make it a great day,

The Naples Real Estate Blogger

Select Vendor of the Week

"If you are really thankful, what do you do? You share."

~W.Clement Stone

As many of you already know, Naples is a very service oriented community. From lawn care to pool care...cleaning services, professional shoppers, home watch services...you name it. An exclusive area like Naples simply lends itself to creating entrepreneurial opportunities for those willing to take care of the needs of others, and do a good job! Each week we are trying to share with you some of the good experiences we have had over the years with service providers in our area. This week are are very pleased to announce that Premier Polishing is our Naples Select Vendor of the week!

Premier Polishing is a small, family operated company that caters to a clientele that demands perfection. Chip and I highly recommend them. They have taken care of the detailing of our boats and cars for many years. Owner, Nathan Moran is a true professional...a great young man that always delivers the utmost in customer satisfaction. He uses a combination of products that creates a high gloss finish that protects and lasts longer in the hot Florida sun than anything else in the industry today. He is also a master at restoring faded finishes. Whether it is an automobile, boat or yacht, RV or aircraft, Nathan is the one to call to keep your vehicles looking as exquisite as they should! Just today his crew came right to our office and detailed both mine and Chip's cars...how convenient! And, we won't have to have them waxed again for a year! His prices are competitive, but I think you'll agree-once you hire Nathan and his team, you will make his service part of your annual maintenance. Call Nathan today at 239.404.5174.

For a complete list of The Naples Real Estate select vendors, please call us...we'd be happy to share! 239.370.0574

Thank you, and make it a great day!

The Naples Real Estate Blogger

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

Free eBooks

One of the most popular pages on our website has become the "FREE eBooks" page on NaplesRealEstate.com. We invite you to log on today and find the page listed in the menu bar on the left side of our homepage. Simply click on this link and you can download one, or all, of the four FREE eBooks listed below.

• 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.'
• 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.
• 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.
• 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

How Do You Say, "Lanai?"

Many times, while getting to know a buyer's wants, especially when they are relocating to Florida from a northern home, the square footage needs differ greatly from what they originally specify to what they ultimately buy...People forget, or don't realize, what an intricate part of their home's living space the lanai [also known as a screened porch] becomes. Downsizing from a 4 or 5 thousand square foot home into less square footage may seem daunting to some, until they get here and begin to recognize the lifestyle that outdoor living provides throughout most of the year. Here in Naples people decorate their outside living areas with outdoor wicker & teak and other moisture resistant materials and create wonderful entertainment areas with 'summer' kitchens and bars, dining areas, TVs with comfortable seating arrangements as well as open air patio areas that incorporate the landscaping and lighting. Most rooms in a home open up to the outside and even in private yards, those without views, an outside environment can be created to incorporate the inside out and the outside in. Chip and I have coffee on our lanai almost every morning...we love to sit outside at the end of a long day and enjoy our evening meal together...we cook outside, watch TV outside...much of our home life revolves around our backyard.

So, the next time your real estate agent tells you that you cannot get a 3,000 square foot home in your price range, don't consider it "settling" for less--consider it opening up the possibilities to the true Naples lifestyle of outdoor living--Sometimes less really is more!

Please let us know if we can help you find a pretty lanai in Naples Florida where you can have your coffee each morning! 239.370.0574

Make it a great day,

The Naples Real Estate Blogger

Fun Summer Activities in Naples Florida

Well, here it is again already...the first day of summer, and I am about to write what has become my most popular annual blog post: Cool things to do in Naples Florida during your Summer vacation! But, whether you are here on vacation or not, the locals also love this time of year--less crowds, great sales, amazing restaurant specials...May I suggest a few activities that will surely make the long summer days and nights a bit 'cooler'!

How about summer golf? For 17 years, the South Florida PGA Golf Pass program has been providing golfers the opportunity to play on hundreds of local courses at discounted rates....only $48 per individual! Look for GOLFPASS on the menu bar on their home page.

Do you want to be entertained? The Naples Beach Hotel's 26th Annual Summer Jazz on The Gulf concert series kicks off on Saturday June 25th from 7-10PM on the resort's scenic Watkins Lawn (see photo inset) with a local favorite group, Pocket Change. Circle the dates for the other concerts on July 16th, August 20th and September 17th. Also, don't forget the Evenings On Fifth as they continue all summer on the 2nd Thursday of every month. There you will find a wide variety of musical entertainment, side walk sales and excellent restaurant promotions. Or, click on this link to see what is happening at The Phil.

If Art & Culture is your thing, how about a day wandering through the 15 exhibit halls at The Jay and Patty Baker Naples Museum of Art, or perhaps the beautiful von Liebig Center downtown? Peruse the galleries on Fifth Avenue, or gallery Row off Third. Another hidden treasure are the working studios and galleries of The North Naples Arts Alliance in the Pine Ridge Industrial Park....my personal favorites are The Rosen Gallery and Studio, and The Sweet Art Gallery.

Maybe getting closer to nature is what you are hoping to do...Did you know that Naples residents can go to the Naples Zoo for free on the first Saturday of every month? If you haven't been there lately, the bear exhibit is wonderful, as are the giraffes--but I absolutely love Monkey Islands (probably as much as my grandkids)! A favorite way to spend a morning this time of year is wandering the trails and boardwalks at The Corkscrew Swamp Sanctuary. Maintained by The Audubon Society, it is alive with color during the summer months...you might just get lucky enough to view the rare and breathtaking ghost orchids. Why not rent a jet ski or a boat for the day? The backwaters in Naples lead directly to The Ten Thousand Islands and some of the most pristine beaches and mangrove islands in the world. It's the Summer of Sharks at Rookery Bay. Kids 12 and younger get in free on Fridays when accompanied by an adult, for stories, crafts, live animals and much more. Call ahead for more details: 239.417.6310.

Don't miss the Fourth of July Parade from 10:00 a.m. to noon. The parade begins at Broad Avenue South to Third Street then marches down Fifth Avenue South. Get a good spot early...there's always a nice crowd in front of The Coldwell Banker Previews office at 550! Later that same day, the downtown fireworks is a show not to be missed. This tradition begins at 9 p.m. when a remarkable pyrotechnics display appears off the Naples Pier...set to patriotic music, it is one of the best shows I've ever seen...and what better setting than watching it from the beach as the rockets soar over the gulf waters! Call 213.7120 if you are interested in parking and shuttle info.

Last but not least, summer is a great time to buy Naples Real Estate...In fact, I think that might be the coolest idea of all! Please call The Harris Peppe Team today to get a list of some of the areas very best buys and excellent values. We would be happy to prepare a list specific to your needs and wants. We've been selling the Naples lifestyle since 1981 and we would consider it a privilege to assist you or someone you now with a Summer Sale in Naples.

Thank you and have a great summer! The Naples Real Estate Blogger

The Real Estate Industry is Pro-Consumer

As a follow-up to my most recent post about how the real estate industry is so "pro-consumer", I'd like to share some ideas about the other occupations directly effected by a home sale from start to finish. I have thought about this a lot since Ron Phipp's talk here in Naples last week, and the idea that an average of 147 entities are involved in each and every real estate transaction is a pretty amazing fact! I started to piece together the timeline from the point of taking a listing through to closing...Here are a few of the people and businesses that benefit from this economically:

In addition to the support staff on my team, and at my office...I then make keys, call the sign company, photographer, virtual tour company--sometimes a carpet cleaner is called in, a house cleaner, a painter, a landscaper, a stager...the person who draws the floorplan, the printer, the advertising outlets and all their staff members...Contracts are accepted then the file gets turned over to inspection companies: pest inspection, mold inspection, radon, structural inspector and his or her assistants, airconditioner, roofer, pool inspector, seawall & dock contractor...a mortgage rep, a title company or attorney and their support staff and underwriters...wind mitigator, insurance agents and their staff, home watch services, furniture stores, movers...not to mention the closing gifts and the shops where they are purchased and their staff, the client appreciation dinners and those that cater and serve...the gift certificates and thank you notes...Is it any wonder at all that REAL ESTATE and housing is indeed the driving force behind a successful and flourishing economy?

I would love to hear from you if you are an individual whose job benefits from the real estate industry. Please comment on this blog post, or email me directly at michele@naplesrealestate.com. Your input is very important to me, especially if you live in Southwest Florida and think that The Harris Peppe Team should consider your services to assist our customers. Currently we have a 'Select Vendor' list featured on the menu bar on the home page of our website at www.NaplesRealEstate.com as well as a concierge list on our Naples Previews Luxury Website.

Thank you, and make it a great day!

The Naples Real Estate Blogger

Who is Ron Phipps?

"You don't do anything by yourself...."

~Ron Phipps

Ron Phipps. That name may not mean a lot to a lot of people, but to those of us actively participating in the real estate industry today, it's a familiar name. Ron is the current President of The National Association of Realtors. He was the guest speaker at The President's Luncheon yesterday at The Naples Area Board of Realtors, and I was one of the fortunate attendees.

Here are some of the highlights of Ron's address that struck me as being important, and note worthy:

First of all, Ron's passion for the real estate industry was very evident. He was inspirational as well as informative. Each of his stories related to a personal experience, assuring all of us he knows what we do, because he is an active real estate agent. He faces the same challenges and obstacles...he celebrates the same successes, too.

Ron shared with us that The NAR Team has been to Washington and met with members of congress, and "the banks" to discuss and offer suggestions to solve underwriting challenges and appraisal problems. He talked about how the current mortgage requirements have 'over-corrected' and he mentioned the term QRM [Quantitative Risk Management], also known by many as "skin in the game.". He is urging underwriting standards to take into consideration the entire person/family/entity when making loan approvals: reserves, assets, credit...the whole picture. He told us they are taking great measures to protect the mortgage interest deduction. This law has been in effect since 1913. Over 75 million people will be impacted if tax payers lose this deduction. 65% of the people who take this deduction earn less than $100,000! [91% earn less than $200,000.] The 2nd home mortgage interest deduction is also in jeopardy, which could greatly effect an area like Naples Florida, which has a much higher percentage of 2nd homeowners than the national average. I found this to be an interesting fact: the average net worth of a homeowner is $180,000. while the average net worth of a family that rents is $4,700.

Additionally, Ron spoke of several other issues such as flood insurance, a universal approval for condo association projects regarding FHA requirements, international buyers, mortgage caps, short sales and foreclosures.

He closed the program by urging us to be proud of our profession, stating that there are few occupations as pro-consumer as being a real estate agent. There are on average 147 entities involved in the real estate transaction from start to finish....which goes back to Ron's quote at the beginning of this post. No wonder the housing market drives the economy!

As always, thank you for reading my blog. If you or anyone you know is interested in receiving information about The Naples Real Estate market, please call us today. We look forward to hearing from you, and we hope to earn your business. 239.370.0574

Make it a great day,

The Naples Real Estate Blogger

Is Season Really Over?

Where has the Naples Real Estate Blogger been?

It's been a busy couple of weeks at NaplesRealEstate.com. Chip and I have been showing homes to prospective Neapolitans almost everyday for the past 2 weeks. 'Season' might technically be over, but buyers looking for real values are coming back to town now that the crowds are gone to look hard at those listings that are still available...And the best buys are going quickly! Regardless of the price range, we are seeing the 'bottom' inventory across the board being bought up by shrewd investors, smart second home buyers, international visitors, and first time home owners alike.

Here are some interesting, recent Naples Statistics:

Current Naples inventory is at 6,341 active homes & condos for sale per our local MLS data. That is approximately a 10% decrease in inventory over the same time last year. Single family homes make up 2,576 of those listings. Of the homes presently listed, 15.9% are short sales and less than 2% are foreclosures. 26% of today's homes for sale in Naples are Previews Properties [those homes listed at or above $1 million dollars]. 30% are listed at or below $300,000. Of those homes listed under $300,000 over 35% are categorized as short sales! Total closed residential sales in Naples year-to-date comprised of 16.5% short sale properties.

Currently there are 67 single family homes for sale in Old Naples. Only 1 is listed as a short sale in the MLS, and only 1 is listed as a bank foreclosure. There have been 36 single family home closings in Old Naples year-to-date. 75% of the single family homes which have sold since January 1st, 2011 were listed at or above $1 million!

For an up-to-date analysis of any Naples area in which you have interest, please contact a member of The Harris Peppe Team today. We have served the Naples area since 1981, and I believe our knowledge and enthusiasm is unmatched in the industry today. Whether you are looking to buy or sell, we hope you will interview us to assist you with all your real estate needs. 239.370.0574

Thank you, and make it a great day!

The Naples Real Estate Blogger

It's Hurrican Season~Be Prepared!

Today is June 1st, which officially marks the first day of the 2011 hurricane season. This will run for six months, ending on November 30th. Here are a few facts, as well as a few 'links' to informative websites that I'd like to share with you!

Did you know that for hundreds of years hurricanes in the West Indies were named after the particular saint's day on which the storm made landfall? Using a woman's name became customary after a novel called "Storm" was written in 1941 by author George R. Stewart. In 1951 the United States adopted the plan to name the storms after the phonetic alphabet...Able, Baker, Charlie...But, then in 1953 the weather service returned to using only female names. This ended in 1978, when some believe was due in part to the feminist movement, when names from both genders were used to designate storms in the pacific. One year later, male and female names were included for the Atlantic Ocean storms, too. It has remained that was ever since. Once a system with a counterclockwise rotation is identified and a sustained wind of 39 mph is measured, the storm is named. A list of this year's names, as well as other good information for storm preparedness can be found on The National Hurricane Center's Website.

I am also including a link to Collier County's Emergency Management website for those of you reading this in the Naples area. This site offers important suggestions such as having a family plan, among other things. Keep in mind, this post was not written to alarm you. Hurricanes are a fact of nature. Consider this: We are notified days in advance of an upcoming storm. We are very fortunate to live in paradise...I just want you to be prepared!

If you would like additional information about how to best prepare your Naples home or condo for this storm season, by receiving a free Hurricane Preparedness brochure emailed to you directly, please contact The Harris Peppe Team by email at : harris-peppe@naplesrealestate.com

Thank you, and make it a great day!

The Naples Real Estate Blogger