The Naples Board of Realtors® released statistics for the 12 month period ending June 2010 and the second quarter 2010. Both time periods saw 66% of all closed sales under $300,000.00! The second quarter 2010 figures saw an increase in the median sale price from $175,000.00 to $200,000.00. The number of closed sales increased in all price categories and the inventory decreased by 9%. There is currently an inventory that could last 12.98 months.
People keep asking me if the oil has had an impact on the Naples real estate market. I'd like to state right off the bat that there is no oil on Naples' beaches.
Summertime is usually a slower real estate market in Naples. Buyers that I have worked with over the last few weeks seemed to want to wait to make a buying decision until they knew if the oil could be stopped. Since the oil leak has been capped. I am cautiously optimistic that buyers will start writing contracts.
I recently came back from a trip to Chicago for my youngest brother's retirement party. You can read about my summer vacation here. Where do you intend to spend your summer vacation this year?
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 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
The Naples Florida May 2010 real estate statistics provided a bit of good news for single family owners. The overall market saw a 9% increase in the median price range comparing May 2009 to May 2010. This increase was driven by the single family segment of the market. The 12 month period ending May 2010 still saw a decrease in the median prices compared to the 12 month period ending May 2009.
Oil is on the mind of everyone living near the Gulf. I can report that the beaches in Naples are free of oil. Here is a video I took last evening showing how the water is crystal clear.
There is a good site for all sorts of information and maps of the spills at: http://www.volunteerfloridadisaster.org/volunteer.html
An article appeared in the Naples Daily News the other day that reported the Naples seasonal rental market for 2011 seems to be lagging because of the oil spill. Potential tenants seem to be waiting to see what will happen with the spill. I am afraid that this disaster will have consequences that will last for a long time. My heart aches every time I think about this catastrophe. If you are interested in volunteering to help with the oil spill, here is a good site with volunteer information: http://www.volunteerfloridadisaster.org/volunteer.html
You'll also find information for links to resources for the State of Florida here: http://www.napleswave.com/gulfoilspill.
Hopefully his diaster will end soon.
Want to subscribe to this blog? Just click on Subscribe or the Subscribe link at the bottom of this blog entry.
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
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:
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!
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!
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!
At the end of this post you will see a blue square with an F Share in it. If you are a member of FaceBook and would like to share this blog post with your friends, you can just click on this FaceBook share button.
I'm sorry that it has been a while since I posted. January through the end of March is my busiest time of year. I have had a great season and hope the rest of the year will continue to be good.
The Naples Board of Realtors® released the first quarter of 2010 home sales reports and the March 2010 home sales reports. While 71.19% of all closed sales in the overall market still continue to be under $300,000.00 and price have still declined, there is still some good news.
While I am excited that the above price ranges have shown a increase in pending sales, I also want to see if they actually turn into closed sales. Tighter lending policies are definitely playing a huge part trying to keep a sale together. I would caution any buyer to speak with a lender BEFORE they start looking at homes. Buyers are suprised to find larger downpayments are needed for second home purchases.
Think Lynn Wilber when buying or selling in SW Florida !!!
Why Choose Me | Radon Information | Contact Us | Insurance Closing Costs | Free Home Valuation | Find A Home! | Short Sales | Beach Cam | 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 | Lynn's YouTube | Foreclosure Help | FaceBook | Gulf Oil Spill | 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 | Search Area Homes | 9 Steps to Owning | ARM Calc | Fixed Rate Mtg Calc | Mortgage Points Calc | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | ARM vs Fixed Rate Calc | Mortgage Qualifier Calc | Required Income Calc | Maximum Mortgage Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Refi Interest Savings 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 | Win $1000 | Naples Buyers | Naples Sellers
Copyright © 2010 Downing Frye Realty, Inc.Portions Copyright © 2010 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site MapAll rate, payment, and area information are estimates and approximations only.
