NAPLES, Fla.-October 16, 2009-Summer was an unusually strong selling period, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
The Naples area housing market continues to show steady increases in both pending and closed sales in the third quarter of 2009. Pending sales increased to 2,570 contracts in the third quarter of 2009 compared to 1,314 contracts in the third quarter of 2008.
"In the third quarter of 2009, the Naples area is seeing an overall increase of pending sales in all geographic areas. Showings continue to remain strong, as buyers take advantage of the unique opportunities in today's market," acknowledged Mike Hughes, Vice-President of Downing-Frye Realty.
The available inventory decreased 14 percent in the third quarter of 2009 to 9,209 compared to 10,658 in the third quarter of 2008.
The third quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis: Overall pending sales under $300,000 saw a 126 percent increase with 1,917 contracts in the third quarter of 2009 compared to 849 contracts in the third quarter of 2008.
Single-family homes sales increased 87 percent with 1,488 sales in the third quarter of 2009 compared to 795 sales in the third quarter of 2008.
The overall median closed price decreased 30 percent to $176,000 in the third quarter of 2009 from $250,000 in the third quarter of 2008.
The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
In the September report, compiled by NABOR, overall condo pending and closed sales increased in all geographic areas.
"Condo sales continue a steady climb, as pending sales increased 159 percent with 350 contracts in September 2009 compared to 135 contracts in September 2008. Closed sales also saw a double digit increase in September, as sales rose 60 percent compared to the same month last year," stated Jo Carter, President of Jo Cater & Associates.
"September marks the sixth consecutive month of an increase in pending sales in the $500,000 to $1 million category," stated Bill Coffey, Managing Broker of Coldwell Banker. "This indicates that the high end market is returning."
The median closed price for properties excluding the under $300,000 section of the market decreased only 6 percent to $525,000 in September 2009 from $557,000 in September 2008.
The September report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis: Overall pending home sales saw a 107 percent increase with 848 contracts in September 2009 compared to 410 contracts in September 2008. Properties under $300,000 saw a 142 percent increase in pending sales with 645 contracts in September 2009 compared to 266 contracts in September 2008.
Single-family pending sales saw an 82 percent increase with 497 contracts in September 2009 compared to 273 contracts in September 2008.
To view the entire September and third quarter report, go to www.Naplesarea.com
The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.
•· Naplesarea.com/ is the new website designed to make buying and selling real estate in the Naples area much easier. No other consumer real estate site offers real-time information like Naplesarea.com does. This new website also contains tax records to school addresses. Try it today!
•· Naples police reports 9 percent decrease in crime.
•· COLLIER COUNTY: The final phase of work is underway on the Interstate 75 widening project as crews have begun laying the final layer of asphalt. The project is nearly a year ahead of schedule. Drivers can expect smooth rides on the newly laid asphalt. The final portion of the project is expected to come to an end by the holidays.
•· Naples realtor pleads guilty to an $11 million dollar, multi-state mortgage fraud. She will be sentenced in January 2010. Finding an honest realtor is important if you are buying or selling real estate. Referrals from your family or friends is one of the best ways to protect you from a realtor whose priority are themselves first and their clients second.
•· Want to come to Naples? LaPlaya Beach & Golf Resorts is offering rates starting at $219 per night that include a resort credit, deluxe accommodations and complimentary resort fee and valet parking through December 17th. The hotel is located on the ocean at 9891 Gulf Shore Drive. Information and reservations: 800-237-6883.
•· The Ritz-Carlton Golf Resort has received Golf Digest's top rating among Florida golf resorts in the magazine's seventh annual survey. The resort was ranked by Golf Digest as the No. 1 golf resort in Florida, and No. 32 out of the top 75 golf resort in North American and the Caribbean. It has been named one of the "Top 75 Golf Resorts" every year since opening in 2002. Information: (239) 593-2000 or www.ritzcarlton.com/
•· Stone Crab season opened October 15th! Who doesn't love them? In order to assure the continued survival of the species: Only one claw may be removed so the crab can defend itself. Egg bearing females are not allowed to be declawed. The crabs are captured in baited traps. No spears or hooks are allowed. Four inches from the first joint to the tip is the minimum legal size, that's about two ounces. A colossal can weigh 25 ounces or more. The season runs from October 15th to May 15. The claws make up half the weight of the whole crab, they are removed by carefully grabbing from the rear and twisting. The crab is returned to water and the claw regenerates. It takes between 12 to 24 months to reach legal size again. In 1963 stone crabs cost 30 cents a dozen wholesale.
•· The Marco Island Marriott Resort bar has received an amazing makeover. The hotel has dropped $2.5 million into the effort, soaring ceiling beams, an internally lit onyx bar top, and a floor-to-ceiling fish tank stocked with live jellyfish. There are motorized sun shades and a 36-foot diameter, 10-foot tall jellyfish tank!
The bar has twin flat screen TVs that descend from the ceiling and pivot to show the big game, then retract back into recessed niches so as not to detract from the modernistic, freeform wooden ceiling beams designed to evoke mangrove roots.
Just behind the glowing onyx bar surface, a stainless steel ice trough will be chilled to the point where snow forms on it, the better to keep the customers' drinks cold. Even the floor is high tech, consisting of 47,000 individual pieces of end-grain hardwood coated with four coats of sealer. Expanded seating - they went from 55 seats to 119 -includes several "communal tables," six-tops at bar height, to give more customers the feel of being at the bar. Wi-fi and outlets for your laptop are available too.
Called Korals, the lobby bar is just upstairs from the kitchen of the hotel's premier dining room, Kurrents. Selections include grilled Gulf shrimp with peanut Asian slaw and tomato-ginger chutney, crab cakes with grain mustard sauce, leeks, roasted corn and peppers, and flatbread pizza from the brick oven at Kurrents.
In addition, the lobby bar will offer a complete lineup of sushi, including sashimi, nigiri and rolls, prepared right at Korals' new sushi bar.
Specialty drinks will include the X-rated martini, with blood orange and mango-infused vodka, and the classic whiskey sour, with Maker's Mark, fresh lemon and simple syrup.
In one more gee-whiz touch, all the liquor bottles disappear behind a screen when Korals is not open for business. Hours are from 4 p.m. to midnight, seven days a week.
Korals joins Kurrents, Tropiks, Quinn's on the Beach, Pazzi's, the Tiki Bar, and the Café San Marco coffee shop to provide a variety of options for eating and drinking at the Marco Island Marriott Resort.
•· Freedom Park has opened at the corner of Golden Gate Parkway & Goodlette-Frank Rd. on the north side of Orion Bank. Freedom Park is a $31.5 million dollar park sitting on approximately 50-acre natural water quality treatment site that provides flooding relief and advanced treatment of storm water runoff from the Gordon River basin. It has a boardwalk for visitors to amble through the park while seeing many varieties of flora and fauna indigenous to Florida. The park also has a 4,500 square foot park center for learning, etc . The park is the future site of the Collier County Freedom Memorial, which will pay tribute to the men and women who have sacrificed their lives in service to our country and the victims of 9/11.
•· John Mariani, food and travel correspondent for Esquire Magazine has chosen Sea Salt as one of the 20 best new restaurants of 2009. The restaurant is at 1186 Third Street South. Information and reservations: 239-643-7258.
New Retail
Attention golfers! The PGA Superstore will open across the street from the Coastland Center mall on U.S. 41, in the coming months. It will be located in the form Linens & Things store. According to the National Golf Foundation, the Naples area is consistently among the top places to play with more holes per capita than any other Florida location.
Beyond Motion is Naples' first eco-friendly, integrated movement studio. Beyond Motion is designed to incorporate mind and body based fitness, into the world of sports and athletic performance. Classes include pilates mat and equipment, yoga, zumba, and nia, as well as sports conditioning and strength conditioning. Private or semi-private sessions are available. It is located at 11985 U.S. 41, Suite A. Information: 239-254-9300. www.go2beyondmotion.com/
Want a really nice place to kennel your dog? Well, why not try the Wigglebutt Inn? It is new and is located at 5400 Jaeger Road, Naples. It is a cage less daycare and a place to board that is not only safe, clean and comfortable, but fun for your pet! 239-592-9664 or www.Wigglebuttinn.com
Spectacles, a locally owned family business, made its debut in approximately 1,000 square feet located adjacent to GiGi's at the Mercato.
New Restaurants
Falafel Grill has opened at 2075 Pine Ridge Road. Yes, you guessed it: a kabob and Middle Eastern place that's perfect for lunch or dinner.
Bravo Cucina Italiana has opened at the Mercato. Their concept is positioned between fine dining and causal chains. For information call 239-514-0042.
Update on Listings, Pending Contracts, and Closed Sales for September, 2009 vs. 2008:
Bonita Springs & Estero Areas:
Year
2008
2009
Difference
Listings
3,000
2,371
-629
Pending Contracts
82
455
+373
Closed Sales
84
150
+66
Naples Area:
Year
2008
2009
Difference
Listings
10,668
8,044
-2,624
Pending Contracts
141
518
+377
Closed Sales
284
565
+281
Source: Naples Area Board of Realtors Multiple Listing Service
CHECK OUT THIS COMMUNITY
Pelican Bay, one of Southwest Florida's most heralded residential communities, represents the ultimate Naples lifestyle in a gorgeous setting of beaches, lakes, parks, golf courses and nature preserves. Located along an almost three-mile stretch of one of the finest beaches in the world, this Gulf of Mexico community is home to approximately 85 distinct and luxurious residential enclaves, totaling approximately 14,000 residences.
For those who love the active Florida lifestyle, Pelican Bay is sure to please. Residents can enjoy a wide array of organized activities, classes, and sports, both indoors and outdoors.
The new state-of-the-art Pelican Bay Community Center on Hammock Oak Drive offers a variety of organized activities. Select from computer, bridge, or art classes; enjoy lectures, social or educational programs; Residents can also rent the various sized meeting rooms for catered meals or community organization events, using the large modern adjacent kitchen.
The Pelican Bay Men's Club meets weekly for breakfast during season, and the Pelican Bay Women's League offers many events, and a variety of interest groups.
The state-of-the-art fitness center conducts indoor fitness classes for those who prefer group exercise indoors rather than outdoors at the two fitness decks on the beach. Certified trainers conduct classes in yoga, Pilates, spinning, step aerobics and zumba. For those who like to exercise alone, state-of-the-art equipment and personal trainers can speed your desired results.
The new Pelican Bay Wellness Studio offers, by appointment, massage, facials, wraps and peels for the ultimate in pampering, in a beautiful new and relaxing studio.
The Commons is located in the heart of Pelican Bay just south of Gulf Park Drive. The Pelican Bay Foundation administrative offices, one of three tram stations with vehicle parking, and the South Tennis Center are located here. This is one of many easy access points to the berm, where walkers, joggers, bikers and rollerbladers have miles of paths. Both of the 2 private beach boardwalks are accessed from the berm.
The 85 communities that comprise Pelican Bay have a price range for most everybody.
•· Low-Rise condominiums are priced between $325,000 to $1,150,000.
•· Single Family Homes are priced between $890,000 to $$6,300,000.
•· High-Rise condominiums range in price from $429,000 to $9.5 million.
Pelican Bay is west of U.S. 41, lying between Pine Ridge Rd. and Vanderbilt Beach Rd. in North Naples. Shopping, dining, Naples Art Museum and the Philharmonic Hall for the Performing Arts are all located nearby.
If you are interested in buying in Pelican Bay, please give me a call at 239-248-6690.
THANK YOU
Thank you Dr. Jay Lang for referring his friends to me. Thank you to Flora Schultz for referring her friends to me too.
SOUTHWEST FLORIDA TRIVA:
Before Naples beaches were packed with tourists, Naples Hotel was the place to be. The 20-room hotel was built in 1888 by the Naples Company, of native pine. (It was located in the parking lot area of Tommy Bahamas'.) For $3 per day for room and board, you stayed on the second floor in one of 14 bedrooms, complete with chamber pot, and washstand, bureau and small table. (The third floor was the servant's quarters.) On the ground floor, there was an office where the manager, Mr. Brockman, would greet you, a large parlor, dining room and card room. When the grand opening was held on January 22, 1889, 20 guests attended, including Rose Cleveland, sister of President Grover Cleveland, who signed the register first. The register recorded not only guests, but also the daily temperature, birthdays, and the type and number of fish caught.
Marcia Albert, NABOR, Manager of Events & Marketing, 239/216-4148
SUMMER BUYERS BUYING BARGAINS
Report Shows Strong Pending Sales
NAPLES, Fla.-August 14, 2009- Summer home sales are off to a great start, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
Statistics compiled by NABOR show overall home sales have increased 67 percent and inventory has decreased 12 percent in July 2009 compared to July 2008, a positive sign that the "buy now" message is being heard.
"Every geographic area experienced an increase in both pending and closed sales, which is encouraging when looking at the bigger picture in Southwest Florida," acknowledged Tom Bringardner, President of Premier Properties.
Pending sales for properties under $300,000 saw a 165 percent increase, with 682 pending sales in July 2009 compared to 257 in July 2008.
"Overall, this is shaping up to be one of our best summers; interest is extending past the traditional buying season," stated Mike Hughes, Vice-President of Downing-Frye Realty.
Bill Coffey, Managing Broker of Coldwell Banker agrees, "The activity level is remaining steady as summer buyers are finding value in Naples."
The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall, pending sales saw a 121 percent increase with 924 in July 2009 compared to 419 in July 2008.
Single-family pending sales increased 117 percent with 543 in July 2009 compared to 250 in July 2008.
Condo sales increased 61 percent with 283 in July 2009 compared to 176 in July 2008.
The average days on the market decreased 13 percent to 166 compared to 191 in July 2008.
Activity in condo sales increased in July 2009. "The condo market is improving. Overall condo pending sales increased 125 percent and the 2 million and over category increased 33 percent from July 2008 compared to July 2009," stated Jo Carter, President of Jo Carter & Associates.
To view the entire report, go to www.Naplesarea.com
The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.
Going from local to statewide in real estate sales:
Florida's existing home sales rose in July - the 11th month in a row that sales activity increased in the year-to-year comparison.
Existing home sales rose 37 percent last month with a total of 15,882 homes sold statewide compared to 11,595 homes sold in July 2008, according to FAR.
Statewide existing home sales in July increased 0.2 percent over June's statewide activity. Florida Realtors also reported a 48 percent rise in statewide sales of existing condos in July.
Go Cubs! Go Cubs! For all you Cubs fans! Collier County's Tourist Development Council is looking into the possibility of luring the Chicago Cubs to Naples for their spring training! A special committee would be formed to look at the potential for attracting the team to Naples and how it would be done. More news to follow.
New Retailers:
Pandora, a fashion jewelry and accessory store has opened at the Mercato. Create your own custom necklace or bracelet with interchangeable charms. Information 239-431-5520.
NEW RESTAURANTS:
•· Blue Martini at the Mercato has opened. The Mercato is at the corner of U.S. 41 North & Vanderbilt Beach Blvd. They specialize in martinis and also have wines, champagnes, small plates and signature dishes. Information call 239-591-BLUE
•· Casa Mia Italian Steakhouse opened Lakeside Inn on Marco Lake, at 155 First Avenue, Marco Island. The owners are Italian and their signature dish is five-plate pasta, a combination of five different pastas and sauces with sausage and meatballs.
Update on Listings, Pending Contracts, and Closed Sales for July, 2009 vs. 2008:
Bonita Springs & Estero Areas:
Year
2008
2009
Difference
Listings
3,368
2,437
-937
Pending Contracts
85
142
+57
Closed Sales
133
162
+29
Naples Area:
Year
2008
2009
Difference
Listings
10,817
8,141
-2,676
Pending Contracts
155
564
+409
Closed Sales
269
655
+386
Source: Naples Area Board of Realtors Multiple Listing Service
NEW FEATURES FOR YOU ON MY WEBSITE
Are you looking for a condo in Park Shore or Pelican Bay? On my home page it's as easy as clicking on a photo and all the current Listings will appear for your review.
Or maybe you want a place in an equity golf course community or a bundled golf course community? Click on the Buyers navigation button and you can look at all the current Listings!
SOUTHWEST FLORIDA TRIVA:
Everglades National Park is the largest subtropical wilderness in the continental United States. The 1.5 million-acre park has numerous fresh and saltwater areas, open prairies, and forests. It is the only place in the world where alligators and crocodiles exist together, say park officials.
UNTIL NEXT MONTH:
The Internal Revenue Code is about 10 times the size of the Bible and, unlike the Bible, contains no good news. - Don Rickles
Marcia Albert, NABOR, Manager of Events & Marketing, 239/216-4148
SUMMER CONTINUES TO BE STRONG
Report Shows 15-Month Inventory Trend Line Continuing To Decrease
NAPLES, Fla.-July 17, 2009- Naples area market activity continued to improve in June, closing out the second quarter of 2009 with encouraging signs for a good summer of housing sales, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
Inventory decreased 14 percent to 9,681 in the second quarter of 2009 compared to 11,211 in the first quarter of 2009. "Inventory and the average days on the market continue to decline as the Naples housing market continues to show signs of improvement," acknowledged John Steinwand, President of Naples Realty Services.
The average days on the market decreased 19 percent to 161 in the second quarter of 2009 compared to 198 in the second quarter of 2008.
"Pending and closed sales increased in every geographic area in the second quarter of 2009 as homebuyers see the value in all of Naples areas and are taking advantage of the favorable environment," stated Bill Poteet, President of Poteet Properties.
The second quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall, pending sales saw a 92 percent increase with 2,989 in the second quarter of 2009 compared to 1,558 in the second quarter of 2008. Properties under $300,000 saw a 179 percent increase, with 2,193 pending sales in the second quarter of 2009 compared to 785 in the second quarter of 2008.
Single-family homes sales increased 48 percent with 1,093 in the second quarter of 2009 compared to 737 in the second quarter of 2008.
Condo sales increased 26 percent with 942 in the second quarter of 2009 compared to 747 in the second quarter of 2008.
Statistics for June 2009 also showed large increases in sales. "Overall pending sales in the 2 million and over category increased 85 percent from June 2008 compared to June 2009," stated Jo Carter, President of Jo Cater & Associates.
"This indicates that not only properties under $300,000 are selling, but significant increases in the higher end of home sales are also being seen."
According to Bill Coffey, Branch Manager of Coldwell Banker Residential Real Estate, "Pending sales for properties over $300,000 increased 37 percent over last year. This marks month-to-month gains in pending sales over $300,000, for the last two months respectively, showing that the high end market is returning."
Overall home sales for the 12 months ending June 2009, increased 40 percent year-over-year to 5,675 from 4,067.
The June report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
The average days on the market decreased 18 percent to 161 compared to 196 in June 2008.
Overall pending home sales for properties under $300,000 saw a 187 percent increase with 755 in June 2009 compared to 263 in June 2008.
Overall single-family pending sales saw a 135 percent increase, with 615 in June 2009 compared to 262 in June 2008.
Condo sales saw a 52 percent increase with 329 in June 2009 compared to 216 in June 2008.
The overall median closed price for properties over $300,000 decreased only 2 percent to $548,000 for the 12 months ending June 2009, from $557,000 for the 12 month ending June 2008.
The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
To view the entire June and second quarter report, go to www.Naplesarea.com
The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.
•· The San Francisco-based real estate research company Trulia, Inc. reported last week that 24.6 percent of homes on the market in the United States as of July 1, have had at least one price cut, totaling $27.1 billion in reductions.
•· The company says the average price-reduced home has seen its listing price slashed by 10.4 percent, a moderate decrease from 10.6 percent as of June 1.
•· According to Trulia's market data, the top-10 cities with the largest percentage of price reductions, as of July 1, include:
•· AirTran will offer nonstop service between Akron-Canton Airport in Ohio and Fort Myers beginning in November. These flights fly five times per week initially and then daily.
•· The Naples Beach Hotel & Golf Club received the Pinnacle Award from Successful Meetings magazine. This marks the sixth consecutive year the resort has captured this award, which is determined from corporate and association meeting planners.
•· FAC Wealth Management, LLC named top wealth manager for the fourth year! The Goldine Research as one of the leading Wealth Managers of the Southeast U.S.
•· The Sports Council of Collier County, a non-profit that works in partnership with hoteliers, the Collier County Parks and Recreation Department and the county's tourism bureau scores big for Naples! The fiscal year, business is up more than 60 percent, from October to June. The direct economic impact from sports events was estimated at more than $2.2 million. The Sports Council has brought in every kind of sporting event from beach volleyball tournament, soccer, softball and little leagues, lacrosse, to a Formula One boat challenge. More than 100 sporting events have been held.
•· Bicycle-friendly Naples. The Pathway Advisory Committee for the Collier County Metropolitan Planning Organization has applied for the designation of Bicycle-Friendly Community. The designation is awarded by the League of American Bicyclists would be good for Naples. Marco Island and Lee County are also applying for this same designation. The committee says receiving this designation would possibly increase property values, help businesses and increase tourism and transportation benefits.
•· Both Ritz-Carlton resorts in Naples have achieved the Two Palm designation under Florida's Green Lodging program. The voluntary program recognizes environmentally conscious hotels and resorts. These two resorts are the first Ritz-Carlton's in Florida to achieve the Two Palm designation. The Florida Green Lodging program was launched in March 2004. For information visit: www.dep.state.fl.us/greenlodging.
•· There's a new animal taking the stage at the Naples Zoo. It's a baby Cape porcupine from sub-Saharan Africa, born a few months ago at the zoo. She can be seen at the Planet Predator show daily at noon. She is the first porcupine to be born at the zoo in 30 years.
•· Lely Resort Golf and Country Club has been named by "Where to Retire Magazine" as one of America's 100 Best Master-Planned Communities. Lely Resort has been selected among several hundred candidates across the country due to its superior building quality, outstanding architecture and unsurpassed lifestyle. Lely offers 13 neighborhoods and a variety of new home products ranging in price from $100,000 to more than $1 million. Please let me know if you are interested in more information on Lely Resort.
JIM'S EDITORIAL
Golf is a big deal in Southwest Florida. The real estate recession has taken its toll on some new golf course communities down here. Negative press has brought to light several of the problems the developers are facing and how it impacts their equity golf members.
Important information for you to know is the problem has been confined to new, equity golf communities and not in bundled golf communities. Southwest Florida has both of these types to choose from.
So if you are interested in buying in a golf course community it is my advice to ask is it equity or bundled golf?
New Retailers:
•· Deck the Halls event planning firm has a new studio located at 1998 Trade Center Way. They coordinate individual and corporate events, as well as weddings, galas, and holiday décor in Naples and Washington D.C. Information: www.DecktheHallsNaples.com/ or call 239-594-9358.
•· Lowe's is planning on opening an 116,000 square foot store at the shops at Eagle Creek. The shopping center is on the SW corner of U.S. 41 East & Collier Blvd. The new store will employ approximately 175 and will be their second store in Collier County. Plans are to open in the fourth quarter of 2010.
NEW RESTAURANTS:
•· Authentic French bistro opens in Miromar Outlets. Bon Appétit French Bistro serves sandwiches, salads, soups, quiches, tarts, pastries and changing entrees such as lobster bisque and boeuf Bourguignon. Sandwiches will be made on French baguettes with dough that comes directly from France and will be baked in the restaurant. For more information www.MiromarOutlets.com/
•· Carl's Classic Café house specialty is barbecue. The menu features pulled pork sandwiches, pork loin, and St. Louis style ribs. All BBQ is smoked on the premises. The daily specials include Southern home cooking featuring such items as fried chicken, meatloaf, chicken and dumplings, turkey and stuffing and beef stew. It is located at 5307 Shirley Street. Information 239-593-5006.
•· Blue Fish Japanese Sushi opened at 5425 Airport-Pulling Rd. They pride themselves in having the best salad dressing in town, one of a kind. Try their Hibachi bar for a fun experience. Fresh fish served daily. Information: www.BlueFishNaples.com/ or 239-596-6688.
Update on Listings, Pending Contracts, and Closed Sales for June, 2009 vs. 2008:
Bonita Springs & Estero Areas:
Year
2008
2009
Difference
Listings
3,049
2,614
-435
Pending Contracts
101
145
+45
Closed Sales
111
162
+51
Naples Area:
Year
2008
2009
Difference
Listings
10,468
8,580
-1,888
Pending Contracts
358
658
+300
Closed Sales
415
710
+295
Source: Naples Area Board of Realtors Multiple Listing Service
NEW FEATURES FOR YOU ON MY WEBSITE
Are you looking for a condo in Park Shore or Pelican Bay? On my home page it's as easy as clicking on a photo and all the current Listings will appear for your review.
Or maybe you want a place in an equity golf course community or a bundled golf course community? Click on the Buyers navigation button and you can look at all the current Listings!
THANK YOU:
Thank you to Dr. Jay Lang for referring his colleague to me. Thank you to Roger Hetrick for referring his neighbor to me. Thank you to Nancy Straub for referring her friend to me. And a thank you to Flora Schultz for referring her friends to me.
SOUTHWEST FLORIDA TRIVA:
The location of the Naples Chamber of Commerce has come full circle. In 1928, it was located in approximately the same spot as the Chamber's Visitors' Center of today.
UNTIL NEXT MONTH:
Our nation celebrated Independence Day this month. The signatures on the Declaration of Independence were men of vision and courage. As chronicled on www.history.com/ and many other places, the 56 men who signed the Declaration paid a huge price. "Nine died of wounds or hardships during the war. Five were captured and imprisoned, in each case with brutal treatment. Several lost wives, sons or entire families. One lost his 13 children. Two wives were brutally treated. All were at one time or another the victims of manhunts and driven from their homes. Twelve signers had their homes completely burned. Seventeen lost everything they owned. Yet not one defected or went back on his pledged word. Their honor, and the nation they sacrificed so much to create, is sti
Marcia Albert, NABOR, Manager of Events & Marketing, 239/216-4148
SALES UP IN ALL AREAS
Report Shows 10 Percent Inventory Reduction
NAPLES, Fla.-June 12, 2009- May home sales in all Naples geographic areas showed a substantial increase over 2008, according to a report released by the Naples Area Board of REALTORS® (NABOR). The report, tracks home listings and sales within Collier County (excluding Marco Island).
Overall pending home sales in the greater Naples Area, which includes Naples Beach, North Naples, Central Naples, South Naples, East Naples, Immokalee, and Ave Maria, saw an increase of 101 percent with 1,029 units in May 2009 compared to 511 in May 2008.
"Pending sales in all geographic areas increased at least 50 percent from May 2009 compared to May 2008," stated Jo Carter, President of Jo Carter & Associates. "This is encouraging as all areas are seeing conditions improve, not just a select few."
"The market continues to trend upward, with an increase in sales and a reduction in inventory. Home sales increased 36 percent to 5,446 for the 12 months ending May 2009, compared to 4,005 for the 12 months ending May 2008," stated John Steinwand, President of Naples Realty Services.
The available inventory decreased 10 percent to 10,046 in May 2009 compared to 11,175 in May 2008.
The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
-Overall pending home sales for properties under $300,000 saw a 177 percent increase, with 5,160 pending for the 12 months ending May 2009 compared to 1,860 for the 12 months ending May 2008.
-The average days on the market decreased 24 percent to 155 in May 2009 compared to 203 in May 2008.
-Single-family home sales increased 53 percent with 383 in May 2009 compared to 251 in May 2008; single-family pending home sales saw a 110 percent increase with 603 in May 2009 compared to 287 in May 2008.
-Condo sales saw a 24 percent increase with 313 in May 2009 compared to 253 in May 2008.
-"A traditional market recovery begins in the lower priced end of the market, and gradually works its way up to the higher price ranges. This trend is now occurring in the Naples area, as the volume of pending sales that are scheduled to close is rising in every price segment," acknowledged Phil Wood, President of John R. Wood REALTORS®.
-According to Tom Bringardner, President of Premier Properties, "Over the last several months, we have not seen a precipitous drop in the median price for properties over $300,000." For the 12 months ending May 2009, the median price for properties over $300,000 decreased only 1 percent to $550,000 compared to $555,000.
-The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case, prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
-To view the entire May report, go to www.Naplesarea.com
-The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.
-FIRST TIME HOMEBUYER'S $8,000 TAX CREDIT
•· It is available to first-time home buyers only, but that means people who have not owned a home in the past three years. The home must be the principal residence and there is a recapture provision if one moves out or sells before the end of three years.
•· It is limited by income and starts to phase out for individuals at $75,000 and couples filing jointly at $150,000. The credit completely phases out at $95,000 and $170,000 respectively.
•· It expires on November 30, 2009. For existing home buyers you must close by that date, for new construction buyers you must occupy by that date.
•· It is not available directly at the closing table, though a number of states are creating bridge loan programs. So far, Colorado, Idaho, Missouri, Nebraska, Ohio, Pennsylvania, South Dakota, Tennessee and Texas have or expect to have bridge loan programs up and running. There are other ways to leverage the credit at closing, but you must close before you can claim the credit.
•· One does not need to wait till 2010 to claim the credit. One can claim it on their 2008 taxes by filing an amended return after they close on their home. If one has not filed yet, they can claim it on their return due April 15th or file for an extension. The credit is 10% of the price of the home or $8,000, whichever is less. If more than one eligible person is making the purchase, the credit must be divided. In other words, it is up to $8,000 per home purchased, not per first-time home buyer. So if two eligible buyers buy a home together, they must split the credit. The same is true for a married couple filing separately. Best of all, the credit is refundable, which means even if one does not owe taxes or is entitled to a refund, the credit is added to the refund.
•· There aren't many restrictions on the type of home, even houseboats are included; however, one cannot purchase a home from a close relative.
Zillow Real Estate Market Reports
First Quarter: January-March 2009
•· U.S. home values continued to slide for the ninth consecutive quarter, declining 14.2 percent from a year ago, and falling 21.8 percent since the market peak in 2006. Additionally, one-fifth (21.9%) of all homeowners in the United States is in negative equity, and one in five homes sold in the past 12 months was a foreclosure.
Zillow Q1 Real Estate Market Reports track 161 metropolitan statistical areas (MSAs) throughout the U.S., identifying market trends including, but not limited to: five and 10-year annualized change, negative equity, short sales and foreclosure transactions.
•· The School District of Collier County is an "A" school district, so designated by the State of Florida Department of Education (DOE). "We invite the community to join us in celebrating our grade," says Superintendent Dennis L. Thompson. "The "A" gives us cause to rejoice," adds Chief Instructional Officer Martha Hayes. The district has maintained a "B" since district grades were first given in 2004, and last year was two points shy of receiving an "A."
•· Starting in July Northwest Airlines will provide nonstop service to New York's LaGuardia Airport from SW Florida International airport. Northwest Airlines plans to offer the service five days a week.
•· Collier Area Transit (CAT) will start testing a state-of-the-art hybrid bus for two weeks beginning June 15. Collier County commissioners approved the use of the 31-foot "Hybrid Ride." The test bus is a 2009 International 3200 diesel-electric bus built by Champion. The county is hoping to save hundreds of thousands of dollars a year on fuel savings with reduced emissions.
•· The new Collier County Emergency Services Center is a Category 5-resistant building with 100 percent back-up electrical power. It cost $56 million, $3.2 million of which was provided by federal and state grant money. It is located at 8075 Lely Cultural Parkway in East Naples. The new center is 17.5 feet above sea level and all critical components are at least 23 feet above sea level. The center will coordinate emergencies for hurricanes, wildfires, pandemics and other public safety emergencies. Some of the 130,000 square foot center's features include a 185-foot communications tower, a large room for tracking storms and planning human services, government and public safety responses; a media briefing room; break-out rooms for training; and the capability to add a fifth floor. Two generators are run by locomotive engines that can power the center for up to two weeks, if necessary.
•· All aboard! Join in the fun. It's a celebration of Naples. On the first Tuesday of each month you can hop on a Naples Trolley and be taken to places like Fleming's Steakhouse or Ruth's Chris will provide drink and appetizer specials while artwork from Alan Brown Gallery will be on display in each of the locations. Fleming's Steakhouse, Shula's Steakhouse and Ruth's Chris Steak House are among the stops for the first trolley hop. In celebration of the first Trolley Hop on June 2nd, all locations will be providing complimentary hors d'oeuvres for "hoppers" between 5 PM and 9 PM.
•· Bistro 821 at 821 Fifth Ave. South in Naples is now open from 11 AM to 3 PM for lunch. The bar will remain open and appetizers and burgers will be available until dinner. Information 239-261-5821.
New Retailers:
A new home decor specialty store has arrived in Bonita Springs. Art Etc. opened in Bonita Commons along U.S. 41, two miles north of Bonita Beach Rd in the space vacated by the Picture Factory. The 13,000 square foot store offers a wide variety of wall art, lamps, mirrors, accent furniture and accessories. For information call 239-390-0061 or email tgrace@artetcfla.com.
Woof Gang Bakery opens in Berkshire Commons. It is a one-stop shop for pet necessities as well as stylish accessories, including gourmet dog treats, premium pet foods, and collars, leads, toys, bowls and distinctive doggie spa products. It is located next door to First Watch restaurant. For information email cara@woorfangbakery.com or visit www.Woof-GandBakery.com
Brooks Village, a new retail center at the southwest corner of Pine Ridge Rd. & Collier Blvd. has opened. It offers Publix Supermarket, Walgreen's, Hair Cuttery, Lovely Nail, China Star, Bank of America, Mr. Cleaners and Golden Gate Chiropractic Center.
NEW RESTAURANT:
Piola at The Mercato in Naples has opened. Founded in Treviso, Italy, in 1986, Piola currently operates five pizzeria locations in the U.S. New York, Miami, Miami Beach, Hallandale Beach and Washington, D.C.-in addition to locations in Italy, Brazil, Argentina, Chile and Mexico. Their food is rigorously Italian specializing in thin-crust brick oven pizzas prepared with homemade dough and original combinations of the freshest ingredients. Piola also offers a selection of fresh made salads, Carpaccio and Italian pastas. Open for lunch and dinner. Information call 239-592-5056.
Update on Listings, Pending Contracts, and Closed Sales for May, 2009 vs. 2008:
Bonita Springs & Estero Areas:
Year
2008
2009
Difference
Listings
3,133
2,734
-399
Pending Contracts
98
226
+128
Closed Sales
174
151
-23
Naples Area:
Year
2008
2009
Difference
Listings
10,766
9,014
-1,752
Pending Contracts
310
906
+596
Closed Sales
420
652
+232
Source: Naples Area Board of Realtors Multiple Listing Service
NEW COMMUNITIES (PRE-CONSTRUCTION & PRE-DEVELOPMENT)
If you are looking for the preverbal "Steal," then let me assist you in buying a home/condo that has been built by a developer but not yet sold. Developers are offering unbelievable steals/deals. Call me at 239-248-6690 to discuss how you can plug-into one of these deals!
THANK YOU:
Thank you to Mr. & Mrs. Steve Michaels' for using my services to purchase their new condo in Pelican Bay. And thank you to Mr. & Mrs. Gustavson for using my services to purchase their new golf condo in Heritage Bay. Thank you to Dom Varricchio for referring another friend to me.
SOUTHWEST FLORIDA TRIVA:
Housed in the former Atlantic Coastline Railroad depot, the Museum is home to the history of Southwest Florida. Paleo Indians, the Calusa, the Seminoles, Spanish explorers, and early settlers are just a few of the people you will meet as you view our exhibits and displays. Come face-to-face with the 12 foot Giant Sloth, see what Fort Myers looked like and see how boating and fishing transformed Southwest Florida and more. Visitors can explore the museum in depth thanks to a new Audio Tour in both English and Spanish that includes oral histories from a Fort Myers native! Peek inside an authentic replica pioneer "Cracker" house, see a 1926 La France fire pumper, and step aboard a 1929 private Pullman rail car with three staterooms, a dining car for 8 and Cuban Mahogany and brass fixtures! Visitors to the museum will also be treated to a lovely stroll in front of the museum thanks to a new park planted by the city and a memorial to fallen comrades in arms by the Combat Infantryman's Association. In addition to an annual traveling exhibit, the museum also offers Escorted Day Trips to other cultural and historical sites around South Florida December - April and downtown Walking Tours of Ft. Myers January - April every Wednesday where people will learn about the legends and lore that built Fort Myers. Stop by the museum shop for souvenirs and one-of-a-kind items provided by local artisans and crafters. Located at 2031 Jackson Street, Fort Myers. Phone 239-321-7430.
UNTIL NEXT MONTH:
When everything's coming your way, you're in the wrong lane
Inventory is declining, pending contracts and sales are increasing.
Sales continue to be lead by foreclosures and short sales. However, signs of strength are beginning to be noticed with sales other than distressed sales.
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.
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