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Be the comp, or be the victim of the comp... - 07/31/07 11:53 AM
The title of this BLOG article is actually attributed to Joe Belz, co-owner of Prestige Properties in Naples, FL. He mentioned it a few weeks back as we were talking about the declining prices, sellers' reluctance to lower prices, and buyers' reluctance to buy waiting for "the bottom". I've been thinking about this a lot, a truism in my opinion. One strategy when advising buyers in a market like this is to find a property they like, determine the price that seems fair for the market and make an offer. The offer is likely to be very much below the asking price. (2 comments)
We've hit the bottom (in FL) and the housing market is turning around... - 07/26/07 08:44 PM
According to Hank Fishkind, noted Orlando based economist. His comments seem to be supported by the data I've reviewed here that housing sales have been increasing steadily over the past twelve months in Collier and parts of Lee county that I reviewed. During his radio talk show Fishkind stated that the Miami condo market is clearly over built and price drops will continue. There is no reason to believe that this holds true for the rest of FL. In fact he states that the bottom occured months ago and while he's not predicting a wild upswing he believes that the worst is (1 comments)
Short Sales...some useful information - 07/21/07 01:34 PM
Recently I attended a seminar at the local Board with regard to short sales and foreclosures. The focus was on short sales for the most part driven largely by the number of questions. The presentation and discussions were by a local title company, a real estate attorney, and a CPA who is also a member of the Board. I broke down the subject covered into three categories: 1) protecting yourself as a REALTOR, 2) protecting your buyer, and 3) working with and protecting sellers. 1) With regard to protecting yourself there are issues of liability to protect against and there is protecting your (2 comments)
Naples, FL Home for Sale- Park Shore; 3bed; 2700 sq ft +/- ranch; Whispering Pine Way - 07/15/07 09:23 PM
Now you can live in Naples, FL on one of Park Shore's most desirable streets and start building your equity. Enjoy being surrounded by new luxury homes that have recently been built on your street. Your options are endless with this 3 bedroom 2 bath home. Tile roof and exterior paint are only a few years old. Enjoy the beautiful back yard and fruit trees from the huge screened in lanai. The family room has a stone fireplace and wood floors that extend into the kitchen. Walk to Seagate School or Waterside shops. Join the Park Shore beach association for easy beach (0 comments)
Smart buyers are buying and they're spending more money... Part II - 07/12/07 09:28 AM
Be sure read the previous post for some background. Not having as much time to analyze and plot month-by-month...I had a quick look at single family home sales in Bonita Springs and Estero. All the trends seem to be the same. The average selling price in July of 2006 was just over $550,000The lowest average was in September of 2006 at just over $500,000 and it is all upward for the rest of the 12 month periodIn June of 2007 the average selling price was approximately $700,000.A trend line on the data indicates a 28% increase in selling prices.As for volume, the 12 (0 comments)
Smart buyers are buying and they're spending more money... - 07/10/07 09:53 PM
Let me be clear. I've looked at the data for single family homes sold in Naples, FL month-by-month, for the past twelve months and the dollar amount that homes are selling for, on average, are going up. Here's the summary: $821,965 was the average selling price for a home in July of 2006.The lowest average selling price occurred the following month in August and it was $661,669 - big drop, 19.5%!In July of 2007, however, the average selling price for a home was $1,215,408.A straight trend line on the data indicates, approximately, a whopping 50%+ increase!But how many units sold, you ask? (0 comments)
REALTORS, do we ever stop... - 07/08/07 10:33 PM
thinking about real estate? I think not. For me at least, whenever I'm awake I'm always thinking about what I should be doing to better attract listings, market listings better, drive traffic to web sites and open houses, and help buyers and sellers realize their goals just to name a few. That is what we do, right? All this to the benefit for whom we work, our clients. Then finding the time to implement all these, when do we sleep? I guess...we don't. That's OK though, when there is something drives you every minute of the day, every day of the week, and (1 comments)
Southwest Florida I-75 Expansion - 07/02/07 10:17 AM
I recently attended a meeting to learn about the I-75 expansion project along with the proposed tolls for I-75. The first thing that all residents of Collier and Lee County should do is go to the Southwest Florida Expressway Authority (SWFEA) web site and register your opinion (click here). The SWFEA is actively soliciting input. In 2003 the Florida Department of Transportation (FDOT) approved a plan to widen I-75 to ten lanes in portions of Lee and Collier Counties. The current plans and budget call for one additional lane to be added in each direction. Construction is to begin later this year (1 comments)
Author Bio: Bob Pisa moved to the Naples area after spending 30 years in the Boston area. He was raised in the metro-NYC area and
graduated from the Rochester Institute of Technology (Rochester, NY) in 1974. His career has been primarily in high-technology
manufacturing and enterprise software for multi-national companies. Bob was also a successful small business entrepreneur and
ultimately sold his start up business after six years of operation to a major corporation. He is the former Vice President for the Grandezza
Master Homeowner's Association (two terms) and former President of the Santa Lucia Homeowner's Association (three terms.) Bob attained
his real estate license in 2005, and is working in commercial and residential real estate. He is a member of Naples Area Board of Realtors®,
NAR, and Florida REALTORS.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.