Naples FL Blog

Please remember that where ever you see highlighted text in this blog entry, you can double click on the highlighted text and be taken to more information.

The Naples Board of Realtors recently released the home sale statistics for February 2009.  Not surprisingly, the market is still being driven by sales under $300,000.00.  The overall market statistics show that in February 2009 there were 808 pending sales.  This is a HUGE increase from the 479 pending sales in February 2008!  Out of the 808 pending sales in Feb. 2009, a whopping 587 sales were under $300,000.00!

The overall market does show a slight dip in the average days on the market.  Even though the listing inventory has dropped a bit, there is still a 27.9 month backlog inventory of listings in the overall market.  Listing inventory for the overall market under $300,000.00 is at 20 months, while the overall market between $500,000.00 - $1,000,000.00 shows a 41.2 month inventory.  A normal market is said to be one that has a 6 month inventory of listing inventory.

On another note, back in January my brother, Patrick was in for a visit.  Patrick is the one in the white hat in this photo. My husband, Don is in the orange hat.

My brother Patrick and my husband Don enjoy the Florida Sunshine!

While Patrick and I were enjoying breakfast on the lanai and reading the paper together, I heard Pat say, "This is not going to be good."  He was referring to the article he read in the paper about Chinese drywall.  Well, Pat's words proved to be true.  Chinese drywall that was used in some new construction in SW Florida has caused corroding of air conditioner coils and other copper and metal surfaces.  This drywall is also known to emit a sulfur odor throughout the house. 

From what I have read, during the real estate boom hurricane Katrina struck and builders could not get enough drywall for their new construction.  Some builders made the decision to purchase drywall that had been made in China to make their deadlines.  The result of those decisions have now lead to a huge mess and no doubt many law suites.  The Naples Daily News published an article the other day by Tara McLaughlin, entitled Foul smell from Chinese drywall causing health problems, some say  What will happen to all the homes that were built with Chinese drywall?  I am sure it will take a while to sort out all this mess.

March 12th found Don and I taking a walk down to the beach for sunset.  I snapped this photo to share with you!

Sunset March 12, 2009 Naples Florida

It always amazes me how so many people are drawn to the beach for sunset.  The minute the sun sinks into the water, you can hear people applaud. While the Naples real estate market may take a while to come back to "normal", there are still some fantastic buys in all price ranges.  If you owned a home in Naples, you could be enjoying sunsets like this on the beach with your group of friends!

 


Posted by Lynn H. Wilber on March 14th, 2009 4:33 PMPost a Comment (0)

Archives:

My Favorite Blogs:

Sites That Link to This Blog:

ContactUs Think Lynn Wilber when buying or selling in SW Florida !!!

Downing-Frye Realty, Inc. is a Florida licensed real estate brokerage

3411 Tamiami TRL N #100 Naples, FL 34103
Phone: Fax:

Why Choose Me | Radon Information | Contact Us | Insurance Closing Costs | Free Home Valuation | Find A Home! | Lambiance Site | Sailing in Naples | OPEN HOUSES | Golf Courses | Shopping | Naples Sightseeing | Naples Weather | Airlines | Airports | The Arts | Naples Area Links | Seller's Closing Costs | News Updates | Informative Links | Short Sales | Beach Cam | Lynn's YouTube | Foreclosure Help | Naples Schools | FaceBook | Neighborhood Sales Info | Closing Costs | Download Adobe Acrobat | News | Real Estate Glossary | Our Homes | Looking to Sell? | Our Featured Homes | Home | Applying for a Loan | Document Your Assets | Living Trusts | Neighborhood Prices | Staging Checklist | 9 Steps to Owning | ARM Calc | Fixed Rate Mtg Calc | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | Mortgage Qualifier Calc | Maximum Mortgage Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Refi Breakeven Calc | Mortgage Calculators | Interest Only Calc | Request Industry Info | Your Dream Home | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | A holiday sale? | Holiday Saving | Be Accessible! | Buying Foreclosures/REO's | Types of Listing Contracts | The Listing Contract | Contingencies in Contracts | Listing Commissions | Should you paint? | Homeowner Warranties | Real vs. Personal Property | The Kitchen | Gated Communities | Improvements That Pay | Home Appreciation | Selling One, Buying Another | Naples FL Blog | Naples Buyers | Naples Sellers

Copyright © 2014 Downing Frye Realty, Inc.
Portions Copyright © 2014 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.