Naples FL Blog

City Fest Naples Florida
May 2nd, 2010 4:06 PM

If you are planning a trip to Naples Florida any time between today through May 15th, plan to have some fun each day at City Fest.  I was sorry that I had to work today and missed out on the events!

The Florida Association of Realtors released the statistics for March 2010 Florida Sales Reports for existing condos and single family homes.  The good news is that the number of sales across the State are up for both condos and single family homes.  Ft. Myers-Cape Coral area showed a slight increase in the median sale prices!

Help protect our turtles. Don't disturbe their nests!

Turtle Season started yesterday.  It's lights out on the beaches until November.  Seriously, light can not shine on the beaches or the hatchlings will be confused on their path to the Gulf of Mexico.  Should you vacation in Naples and visit our beaches, please be aware of the turtle nests.  These nests will be staked off with what appears to be yellow crime scene tape.  Do not disturb the turtle nests. 

Where ever you are today, I hope that you are enjoying spring weather!

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Would you like to own a home in Naples?  Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.

Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation.  Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Care to share a comment with us?  Just click on the post a comment link at the bottom of this blog entry.  Comments are always welcome.

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Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Naples.  Her 31 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers.  For more information, please contact Lynn Wilber or call 239-594-2780.

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Posted in:General
Posted by Lynn H. Wilber on May 2nd, 2010 4:06 PMPost a Comment

The Naples Board of Realtors recently release the home sales report for April 2010.  The good news is that in the overall Naples Market, the inventory of available properties has decreased 12.62% in comparing April 2009 to April 2010.  Comparing this same time period the median sale prices of properties increased 22.35%.  Don't get too excited because comparing the 12-month period of April 2009 to April 2010 showed a decrease in the median price range of 18.01%.

The 12-month period of April 2009 to April 2010 showed a whopping 52.73% increase in the number of closed sales!  Based on the inventory that is available, it would take 13.76 months to deplete the inventory.  A "normal" market would take about 6 months to deplete its inventory.

The breakdown of the 8,052 sales during the above time by price range is as follows:

  • $000K - $300K        70.53%
  • $300K - $500K        13.79%
  • $500K - $1M             9.48%
  • $1M - $2M                 3.83%
  • $2M+                          2.39%

It would please me to report that I am cautiously optimistic about these numbers; however I am too guarded. While other price ranges have seen increases in the number of closed sales, 70.53% of all these sales are still under $300,000.00.  The market is still going to take some time to get back to "normal."

The summer sales period has me apprehensive.  While summer is usually a slower time for real estate sales in Naples, I have HUGE worry over the path of BP's oil spill.  I do not even want to wrap my head around what will happen to real estate prices if BP's oil comes to our beaches.

Volcanic ash limiting European travel and the devaluation of the Euro may find fewer European visitors in Naples this summer.  My advice to any Sellers in Naples is that if you really do not have to sell, take your home off the market.  If you are a Seller that wants to sell and has a home that is on the market over $300,000.00 look at every offer that comes to you very carefully as you only represent the 29.47% of the sales in this current market.

Okay, after all is said and done, Naples is a beautiful place to live.  The photo below was taken on a night in April that I saw the green flash!  I only wish I had a camera that was fast enough to capture the flash, so I could share it with you!

Sunset in Naples Florida

Would you like to own a home in Naples?  Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.

Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation.  Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Care to share a comment with us?  Just click on the post a comment link at the bottom of this blog entry.  Comments are always welcome.

Want to subscribe to this blog?  Just click on  Subscribe or the Subscribe link at the bottom of this blog entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Naples.  Her 31 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers.  For more information, please contact Lynn Wilber or call 239-594-2780.

YouTube | Linkedin | Google | Website | Twitter | Facebook  

 


Posted in:General
Posted by Lynn H. Wilber on May 17th, 2010 6:08 PMLeave a Comment

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