Naples Real Estate Blog

Naples Condos for Sale – September

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 09 Sep 2009 13:42:45 -0500

The condominium market for the Naples real estate area at the start of September 2009 declined down to 4095 units for sale. In the year over year comparison the number of unit declined 580 or about 12 percent from the 4675 condominiums on the market in September 2008.

The September 2009 was also a decline from the August 2009 4248 condominiums on the market. The decline represents a about 3.6 percent reduction.

The composition of various types of possible real estate transactions of the September condos for sale are broken down as follows:
Traditional condos for sale – 3482
Potential short sales – 533
Foreclosed condos – 80

In August the breakdown of condos for sale was as follows:
Traditional sales – 3629
Potential short sale – 542
Foreclosed condos – 77

Naples Homes for Sale - September

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Mon, 07 Sep 2009 05:08:40 -0500

In the Naples real estate market the month of September has started with a total of 3777 homes for sale. In a year over year comparison the number of homes have declined from 5247 in September 2008. This represent a drop of about 28 percent. The number of homes for sale is taken from the close of business on August 31st.

At the start of August there were a total of 3923 homes for sale. The number of homes for sale has declined 146 homes or approximately 3.7 percent.

The composition of Naples homes for sale is shown by the pie-chart below:

Estero Foreclosure Condos

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Mon, 27 Jul 2009 05:11:51 -0500

During the month of June a total of 4 Estero foreclosure condos were sold. During the month of June a total of 20 condos were sold. The foreclosure condos represents about 22 percent of the total sales.

In the month of June a total of 82 condos were placed under awaiting closing in the Bonita Springs area. Of the 82 condos pending sale, 7 condos were foreclosures. This represents approximately 9 percent of the total condos awaiting closing - pended sales. At the beginning of July, 3 condos were active listings for sale or about 1 percent of the 265 condos for sale. Based upon the activity in June there is less than 1 month of condo inventory for sale. Search for foreclosed condos for sale in Bonita Springs.

Estero Foreclosure Homes

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Mon, 27 Jul 2009 05:00:20 -0500

On July 1st there were 8 Estero foreclosure homes on the market or roughly 3 percent of the total number of active listing with the Estero area.

During the month of June a total of 13 homes offers were presented to either banks, lenders, or REO companies which were accepted, thus pending sale. The number of Estero foreclosures which pended equated to approximately 10 percent of the 109 homes which had offers accepted.

During the month of June a total of 5 foreclosed homes were sold, which represents about 27 percent of 36 homes sold.

Search for foreclosure homes for sale in Estero.

Bonita Springs Foreclosure Homes

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Sun, 26 Jul 2009 10:23:36 -0500

On July 1st there were a total of 28 Bonita Springs foreclosure homes on the market or roughly 3 percent of the total number of active listing with the Bonita Springs area. During the month of June a total of 161 homes offers were presented to either banks, lenders, or REO companies which were accepted, thus pending sale. The number of Naples foreclosures which pended equated to approximately 24 percent of the 126 homes which had offers accepted. During the month of June a total of 12 foreclosed homes were sold, which represents about 23 percent of 47 homes sold. Search for foreclosure homes for sale in Bonita Springs.

Bonita Springs Foreclosure Condos

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Sun, 26 Jul 2009 10:20:34 -0500

During the month of June a total of 14 Bonita Springs foreclosure condos were sold. During the month of June a total of 46 condos were sold. The foreclosure condos represents about 33 percent of the total sales.

In the month of June a total of 115 condos were placed under awaiting closing in the Bonita Springs area. Of the 115 condos pending sale, 13 condos were foreclosures. This represents approximately 15 percent of the total condos awaiting closing - pended sales. At the beginning of July 20 condos were active listings for sale or about 2 percent of the 1105 condos for sale. Based upon the activity in June there is less than two months of condo inventory for sale. Search for foreclosed condos for sale in Bonita Springs.

Naples Foreclosure Homes

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Sun, 26 Jul 2009 10:15:46 -0500

On July 1st there were a total of 144 Naples foreclosure homes on the market or roughly 3 percent of the total number of active listing with the Naples area. During the month of June a total of 263 homes offers were presented to either banks, lenders, or REO companies which were accepted, thus pending sale. The number of Naples foreclosures which pended equated to approximately 26 percent of the 1126 homes which had offers accepted. During the month of June a total of 164 foreclosed homes were sold, which represents about 43 percent of 43 percent of total of 377 homes sold. Search for foreclosed homes for sale in Naples.

Naples Foreclosure Condos

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Sun, 26 Jul 2009 10:13:09 -0500

During the month of June a total of 65 Naples foreclosure condos were sold. During the month of June a total of 290 condos were sold. The foreclosure condos represents about 23 percent of the total sales. In the month of June a total of 662 condos were placed under awaiting closing in the Naples area. Of the 662 condos pending sale, 83 condos were foreclosures. This represents approximately 13 percent of the total condos awaiting closing - pended sales. At the beginning of July 64 condos were active listings for sale or about 2 percent of the 4416 condos for sale. Based upon the activity in June there is less than one month of condo inventory for sale. Search for foreclosed condos for sale in Naples.

Naples Real Estate Home Market Update - May

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Fri, 03 Jul 2009 09:00:40 -0500

The Naples real estate market for homes is starting to show signs of strengthening in many aspects and prospective buyers should be aware of the positive changes. The statistics presented and discussed below are global in nature for the Naples area and do not represent the more important micro-market views which can vary greatly between the North Naples, Naples West, Naples Central, Naples South, Pelican Bay, Pelican Marsh, The Vineyards and Golden Gate Estates areas.

Listings:

During the month of May a total of 689 homes were listed for sale. In May 2008, the number of homes listed for sale in the Naples area was 840. In addition the 689 homes listed for sale was less than the 852 homes in May 2007. The downward trend of new listings is continuing.

The listed homes in May 2009 was the lowest number of homes listed since October 2005. The noteworthy item about this fact, is that in October 2005, was the start of the real estate erosion even though the median sold price of homes peaked in January 2007 with January 2006 as the next highest median sold price month.

Naples Homes Inventory

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 15 Oct 2008 16:17:09 -0500

While the volume of Naples homes on the market remained stable, the months of inventory (time needed to sell all the homes based upon closed sales) did drop one month between September and October. At the beginning of September the months of inventory was 29 while at the beginning of October it was 28 months.

For explanation of the meaning of the various moving averages you can read more on my Naples Real Estate Blog.

Glenn Ginsburg serves the developments of Pelican Bay, Pelican Marsh and The Vineyards in Naples.

Arielle at Pelican Marsh - Quarterly Average Prices Paid

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Mon, 13 Oct 2008 14:23:54 -0500

Below is a graphical representation of the average prices paid for condos in Arielle at Pelican Marsh over the past 4 years.

The highest average quarterly price was $493,000 during the third calendar quarter of 2005. The average price paid during the third quarter of 2008 was $306,666. A reduction of $186,334 or about 37.8 percent.

Active Listings Remain Stable

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Fri, 03 Oct 2008 14:05:47 -0500

A measure of the real estate market is the number of active listings shown on the MLS service for an area.

For Naples after several of months of the active listings dropping as of October 1st there shows signs of stability - single family homes was 5244 active listings versus 5247 as of September 1st.

Condo listings in Naples as of October 1st showed 4716 up 41 units from September 1st.

Summary market conditions provided by the Glenn Ginsburg. The summary market stats are just a summary of the market conditions in Naples Florida. If you would like more details about the current conditions or information on specific developments including Pelican Bay, Pelican Marsh, The Vineyards, Stonebridge Golf and Country Club, Grey Oaks, Windstar on Naples Bay, Tiburon, Mediterra, or Twin Eagles feel free to contact me.

Estero Condominium Market Update - June

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Thu, 31 Jul 2008 17:45:40 -0500

June Activity:

Listings:

During the month of June 60 Estero condos were listed for sale. For the same month in 2007, 53 condos were listed for sale; this represents an increase of 5.7 percent. The decrease from 2006 was 17.8 percent from the 73 new listings. In May 2008 a total 40 condos were listed for sale. The increase in the number of new listings has a negative impact on the number of months of supply for available condos in the Estero area, along with the lower volume of closed sales and stable pending sales volume. A graphic presentation showing the number of months supply for condominiums in Estero will be posted shortly.

Closed Sales:

A total of 8 condos were sold during June 2008. Comparing the same month in 2007 there were a total of 10 condos sold, the reduction of 2 condos represents a decrease of . . . Read more...

To learn more about the West Bay Club neighborhood.

Estero Home Market Update - June

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Thu, 31 Jul 2008 17:16:17 -0500

June Activity:
Listings:

During the month of June 69 Estero homes were listed for sale. For the same month in 2007, 86 homes were listed for sale; this represents a decrease of 19.8 percent. The decrease from 2006 was 22.5 percent from the 89 new listings. In May 2008 there were a total of 48 homes listed for sale.

Closed Sales:

A total of 25 homes were sold during June 2008. Comparing the same month in 2007 there were a total of 26 homes sold, represents . . . Read more. . .

Learn more about the neighborhood of Wildcat Run in Estero.

Bonita Springs Home Market Update

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 30 Jul 2008 17:07:17 -0500

June Activity:
Listings:

During the month of June 123 Bonita Springs homes were listed for sale. For the same month in 2007, 170 homes were listed for sale; this represents a decrease of 27.7 percent. The decrease from 2006 was 24.5 percent from the 165 new listings. In May 2008 there were a total of 135 homes ... read more about Bonita Springs Home Market Update.

Click here to learn about The Brooks in Bonita Springs.

Bonita Springs Condo Market Update

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 30 Jul 2008 16:58:01 -0500

June Activity: Listings: During the month of June 115 Bonita Springs condos were listed for sale. For the same month in 2007, 145 condos were listed for sale; this represents a decrease of 20.7 percent. The decrease from 2006 was 32.8 percent from the 171 new listings. In May 2008 there were a total of 128 condos ... Read the rest of Bonita Springs Condo Market Update.

Click here to learn about Bonita Bay in Bonita Springs Florida.

Naples Condo Market Update - June and 2nd Quarter 2008

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Tue, 29 Jul 2008 08:25:07 -0500

June Analysis:
Listings:

During the month of June 490 Naples condos were listed for sale. For the same month in 2007, 654 condos were listed for sale; this represents a decrease of 25.1 percent. The decrease from 2006 was 38.4 percent from the 795 new listings. In May 2008 there were a total of 556 condos listed ... Read more about the June and second quarter analysis for the Naples condominium market.

Click here to learn about Pelican Marsh in Naples Florida.

Naples Home Market Update - June and 2nd Quarter 2008

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Tue, 29 Jul 2008 08:15:37 -0500

June Analysis:
Listings: During the month of June 696 Naples homes were listed for sale. For the same month in 2007, 779 homes were listed for sale; this represents a decrease of 10.6 percent. The decrease from 2006 was 15.7 percent from the 826 new listings. In May 2008 there were a total of 771 homes listed ... Read more analysis of June and the second quarter of 2008.

Click here to learn about Pelican Bay real estate.

Naples Condos Absorption Rate

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Tue, 29 Jul 2008 07:57:00 -0500

The number of months of inventory for Naples condominiums for sale has been significantly reduced since February 2008. Using the four time frames of 12, 9, 6 and 3 month moving averages. The 12 month moving average in February was calculated to be 37 months of Naples condos for sale. As of the end of ... continue reading.

Click here to learn about Pelican Marsh in Naples Florida.

Absorption Rate for Naples Homes

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Tue, 29 Jul 2008 07:52:14 -0500

The absorption rate for Naples homes reflects an improving market for the 4 specific time frames - 3 months, 6 months, 9 months and 12 twelve months ending June 30, 2008 for active listings as of July 1, 2008. The 3 month time frame reflects an inventory of 22 months significantly down from the 44 months ... continue reading.

Click here to learn about Naples real estate.

Do You Know Charles Richey? He Needs Your Help.

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Tue, 24 Jun 2008 13:45:02 -0500

I was informed this morning by Ken Smith, a member of the Active Rain community, that Charles Richey, has been in a Las Vegas hospital for a few days now in ICU. As most of you know, Charles is the Webmaster for his wife's Las Vegas real estate Web site, as well as, an active contributor to Active Rain.

He has been diagnosed with: Guillain-Barre Syndrome.

Charles is one of those people that goes out of his way to help anyone that asks for it. There are a number of people on Active Rain who he has helped over the years, not to mention the not-for-profit organization assistance in the area of animal rescue work he does. I hope that everyone can find it in their hearts to step up and help Charles in his time of need.

As most real estate agents today, income is not as plentiful, as it has been. Jacqui and Charles do not have any medical insurance at this time. Personally 5 years ago, I was admitted to the hospital for life threatening surgery. There were a multitude of bills from the hospital and various physicians. With Charles in the ICU, he and Jacqui will incur many expensive medical bills.

There are several members of Active Rain that are trying to assist Charles through 2 actions:

If you place a link from your blog profile to the web site http://www.lvrealty.net or from a post on your blog, it will help to drive traffic and give Jacqui opportunity to put some deals together. I have already added a link from by blog profile.
Please visit this web page http://www.ibsteam.net/blog/blogging/charles-richey-fundraise and if Charles helped you in some way, you can now help Charles in some small way.

Thank you and I sincerely hope that the administrators of Active Rain do not mind this post nor the above requests.

Is Your Economic Stimulus Check Right?

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Thu, 01 May 2008 12:59:59 -0500

Many recipients of their economic stimulus check is not what they expected! How could this happen? The economic stimulus check or rebate check is based upon two factors which were not fully discussed in most the literature disseminated to the public.

The factors are AGI (adjusted gross income - line 38 on form 1040) and the amount of income taxes you needed to pay in 2007 (sometimes called tax liability). The income taxes you need to pay is the total amount of income taxes and does not consider if you are receiving a refund or if you have to pay more money.

On the Internal Revenue Service's website - they have a calculator which is super easy to use where you can enter some basic information about yourself (spouse if filing jointly) and information from your income tax return. It will return the amount of your economic stimulus or rebate check.

Hope this proves helpful to you. :)

This is posted as a public service by Glenn Ginsburg, Naples real estate broker.

Real Estate News 04/30/08

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 30 Apr 2008 18:46:36 -0500

FEDS CUT INTEREST RATE
This afternoon the Federal Reserve cut the Fed Funds rate a quarter of one percent from 2.25% to 2.0%. The prime rate should follow with a drop of one-quarter percent from 5.25% to 5.0%. The rate cut will not affect fixed rate mortgages, however, those borrowers with home equity loans, a home [...]

Click here to learn about Naples Florida real estate.

Real Estate News 04/29/08

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 30 Apr 2008 18:42:36 -0500

FORECLOSURES
The number of homes in some stage of the foreclosure process rose again in the first quarter, according to RealtyTrac. And while Florida had a number of cities near the top of the list, California and Nevada landed the top spots. Stockton, Calif., ranked Number 1, with one out of every 30 homeowners in [...]

Click here to learn about Estero real estate.

Real Estate News 04/28/08

Glenn Ginsburg - Naples Florida Real Estate (A Delta Realty of Naples Florida) — Wed, 30 Apr 2008 18:39:03 -0500

COUNTRYWIDE
Consumer advocates claim Countrywide has not been responsive enough to homeowners struggling to make mortgage payments, and that Bank of America needs to do more when it takes over the troubled lender. The Fed is currently investigating the allegation, as it must do under the law, to make sure consumers wouldn’t be harmed by [...]

Click here to learn about Naples real estate.