condominiums: Deciphering Statistics ~ It's Like Counting Champagne Bubbles
- 06/15/15 11:36 PM
To set the mood where our Jupiter housing market is going CLICK HERE and enjoy Don Ho singing "Tiny Bubbles". Once it opens come back and you can review yesterdays post regarding Inventory right HERE, You don't need to read too far into the graphs to find the direction. Some viewers would rather look at a picture than read the numbers, whichever one you prefer the trends are plainly seen on both posts. Supply is diminishing and demand is increasing amid the result of dramatically rising prices. Are you enjoying the sing along with Don? From a sales associate persperctive we undoubtedly … (6 comments)
condominiums: GET 'EM WHILE THEY'RE HOT! It Could Become Unbearable Soon!
- 06/14/15 11:44 PM
The fact of the matter remains that we're running out of homes. The Jupiter area can't build them quick enough and even though it's not as if construction is slowing all good things take time to grow. The single family home numbers are under half of where they were a year ago and the condominium and townhome market aren't too much further behind. We have about 40 days of homes left as our temperatures creep into the 90's. The steady decline isn't a bad thing, however, if you've been wanting to make your move and don't have your airline reservation or … (11 comments)
condominiums: Condominiums vs. Single Family Homes, It Pays To Be Choosy!
- 01/30/14 09:26 PM
The type of home you prefer is a matter of choice although looking at them from an investment perspective brings a tighter focus. There are similarities to a Gaussian Bell when analyzed. Lopping off the extremes within your search can save both time & money. The idea that Naples is a 2nd home market is true although there has been a shift to more permanency here in recent years. Investors sometimes have trouble with real estate due to its liquidity or lack thereof but most major "players" have real property in their portfolios. They may not have earned their wealth … (6 comments)
condominiums: Park Shore, Our Land of the Giants - The Naples High Rise Communities
- 07/19/13 05:37 AM
The Sunshine MLS defines a High Rise as having 8 floors or more and the highest percentage of these are located in Park Shore. There are 73 high rise homes available. They'll range from $695,000 to $6,900,000 in price and are sized from 1,271 SF to 8,256 SF. The most popular residences are 2bedroom and 3 bedroom units, choose from 25 each. A den is a popular choice also and 22 Sky Homes have that option, 12 two bedrooms, 6 three bedrooms and four 4 bedroom residences fill that bill. The Naples skyline is relatively low when compared to a lot … (0 comments)
condominiums: Condominium Sales Record New Highs, But Not Necessarily in Price
- 07/04/13 11:44 PM
It took almost a decade to return to the number of sales we achieved before The Bubble. What is easily grasped is that the pricing has not exactly following suit. As REALTORS, we know how the climb rose so drastically however many may be unaware. Whereas the rise and fall between '03 and '05 was essentially spurred by Buyers able to jump into the housing market through unbelievable terms and a glut of new construction made available by the many Builders riding the same bandwagon. Our nearly meteoric rise from the HOLE in '08 to 2010 came about by a flood … (4 comments)
condominiums: Can You Figure Out Who's Liking These Stats? Naples, FL Sale Prices!
- 07/03/13 06:23 AM
Waiting to BUY at the perfect time has already come and gone. Are there still values out there? Yes, of course, but don't put it off. I've made these trend lines as large as I can so that their direction is unmistakable. While our market begins the seasonal respite there's plenty of time to be a part of this growth. How much time is anyone's guess, although if you've been following my posts about Naples real estate activity or have been watching our trends for any length of time you'll have a reasonable idea of when you'll need to BUY. The … (5 comments)
condominiums: Whether You Like Singles or Condominiums, Your Time is NOW!
- 03/20/13 10:49 PM
The Real Estate Business in Naples Florida is definitely on the rise and if you've been on the fence about BUYING or SELLING, it's time to jump off. Legislation, inventory, foreclosures and short sales may have you sitting pretty high on that fence right now but you're going to be able to make the leap safely. The only criteria we ask is that you be the end user of the property and things will work out. Previously I commented about interest rates. If you feel that there's more downside to them than please don't stress yourself out trying to wait for a … (0 comments)
condominiums: Number of Sold Properties by Quarter in Naples, FL - On The UP Move!
- 03/19/13 10:26 PM
It appears we have a strong lead-in to the 2nd quarter. The singles are always strong but the condominiums are making a nice surge this year. Historically things begin to back off a but after Easter although I can't see the drop off being too extreme this year. We are really going to keep a close eye on this one. It's time for those in the marketplace to take an extra hard look at their 2nd or retirement home here. The cost of money is too darn cheap to overlook when considering a purchase, whether it's here or anywhere for that … (6 comments)
Now we'll check out the Single Family Home activity for the same period.
Did you take a deep breath? There's no need, you probably were thinking that the condo market wasn't doing so well here didn't you? Looking at the monthly averages we see that there were about 331 condominium sales to the slightly higher 362 average generated by the single family home market. About a 10% differential isn't too bad. It reflects the seasonality and demographic of being a second home mecca. The convenience of enjoying an … (5 comments)
condominiums: Pending Sales
- 12/09/11 07:41 AM
PENDING or Under Contract From the low of 257 units in December of '07 to the height shown of 1,258 in March of 2011 our peaks and valleys remain generally consistent in their timing no matter what circumstance surrounds the economy. The fringe of the season's beginning is already taking form and is expected to supersede the prior four years in units sold. I can attest that business has been brisk leading into this point and that's refreshing to see in direct correlation to the trend line.
Above is the past year of activity and it shows a fair amount of strength … (6 comments)
condominiums: There Was A Time When Condominiums Were "All the Rage", Today It's a Tad More Tough
- 09/24/11 05:17 AM
Naples is essentially a Second Home market and we currently have just under 6,000 residences available. Of that amount about 2,400 are Single Family Homes with the remainder being filled mostly with Condominiums or Towhhouses. The latter tend to be popular because they are more easily managed while you're away. The Associations generally make sure the exteriors are up to snuff and there are available services that look after the interiors while you're away. This reminds me of the Ron Popeil method of "Set It and Forget It" when leaving for the off season. Approximately 60% of our market is driven by Condominium Sales, therefore … (31 comments)
condominiums: The Case for Shadow Inventory - What has Sold?
- 01/30/11 03:40 AM
These three charts show the number of closed units in Collier County, Florida. A previous post is quite similar but shows the available "For Sale" inventory instead. Here we have single family homes in chart one, condominiums in chart two and the past three years of the bulk residential combined sold activity appearing in the bottom chart. The shaded lower portion of each column is representative of the Bank owned product. We hear a lot about the "Shadow" inventory affecting the markets everywhere and it is sometimes hard to grasp. Although the view depicted here is not as distinct as in … (5 comments)
condominiums: The Case for Shadow Inventory - What's for Sale?
- 01/30/11 01:45 AM
These three charts show available inventory in Collier County, Florida. The first chart represents the Single Family home market, the second Condominiums and the final is the combined Residential history for the past three years. Because Shadow Inventory is not tangible and is simply a belief made up of reasonable conjecture to support it's existence we have a difficult time substantiating it's reality. What you'll see here is the total numbers of units in RED then the Bank owned portion in the shaded area in each column. What strikes me as odd are the blatant consistencies of availability and the discrepancy of marketability … (0 comments)
condominiums: Naples Florida Condominium Market Not Out of the Woods Just Yet.............But
- 01/12/10 11:21 AM
Not only am I feeling the pain I can hear it also. The Condominium market in not just Florida, but throughout the US is reeling. Writhing may be an even better term. Half or more of our available real estate is condominiums. The prices are fairly flat-lining right now and there is good reason for that. The secondary home market is flooded with the "baby-boomers" ready to retire here andthere's also a contingent of buyers in the wings who realize this buying opportunity probably will not occur again in their lifetime. They're looking at retirement maybe 10 years out as of now and are saying to … (0 comments)
To set the mood where our Jupiter housing market is going CLICK HERE and enjoy Don Ho singing "Tiny Bubbles". Once it opens come back and you can review yesterdays post regarding Inventory right HERE, You don't need to read too far into the graphs to find the direction. Some viewers would rather look at a picture than read the numbers, whichever one you prefer the trends are plainly seen on both posts.
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