pricing: 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)
pricing: Have NO Fear Neapolitans, Looks Can Be Deceiving - Market Trends
- 01/03/14 12:40 AM
The use of graphs and statistics is a great way to show consumers where we've been and offer guidance to a sense of future direction. Beauty is not necessarily in the eyes of the beholder though. A quick glance at this graph might lead you to believe that our Naples real estate market is ready to implode once again. A key to avoid this trap is to have as much historical data as possible to allay those fears. Here is a slice of 2013 in all of its visual graphic glory:
Oh my, this looks horrible! The sales prices are … (0 comments)
pricing: The Pricing Pinwheel of Sold Property in Naples .FL Phis Past Year
- 07/17/13 11:04 PM
As of today we've marched through 9,376 sales, more than any year in our history. All segments of the pie continue to sweeten for the Sellers. Reduced inventory continues to bring the Buyers and their competitive spirit to the forefront. These "Pinwheel' reports started as a curiosity and this is it's 4th SOLD's edition. If you aren't familiar with what you're seeing, each segment represents approximately one quarter of the whole. In this instance, it's as close to 2,344 units per section as the statistics will allow. The extremes haven't changed and include a $7,000.00 2/1 condominium having 720 square feet. The vintage 4,300+ square foot 1920's … (0 comments)
pricing: Old Naples, Remnants of the Past We Cherish and Were Able to Survive
- 07/14/13 05:26 AM
The Town of Naples was recognized in Florida by the 1880's. Little more than a hundred years ago the population was a scant 34 full time residents and would blossom to over 80 in the winter months. There began our vacation destination for the masses albeit to a much lesser degree than today.
I so wish I had a Time Machine and visited during the first Florida real estate boom in the early 1900's. Lots in Old Naples (new Naples then) were going for $10 a piece. It astounds me that the survey was completed by 1886 and platted … (0 comments)
pricing: Single Family Home Sales in Naples, FL ~ Still Some Equity to Be Had!
- 07/04/13 11:44 PM
Here we have a decade plus of activity to demonstrate how Naples survived and thrives since The Bubble. What is easily grasped is that the SFH is more affordable here than expected. We have much more possibilities in the under $500,000 range than before. New Construction continues to drive sales in many locations and established neighborhoods remain desirable. Investor activity is down somewhat but know that without them playing the game previously we would not be looking at this recovery the same way. I believe a new baseline was established after they had taken their profits. It's fair to say that wherever … (0 comments)
pricing: Aqualane Shores ~ After a Long Reprieve, It's Springing Back to Life
- 07/02/13 05:40 AM
Aqualane Shores is the Heartbeat of Naples boating community. One of several neighborhoods which enjoy the center of our attention, Naples Bay! This is a small and close knit neighborhood of 357 sungle family homes. Most are on waterfront lots and some have a desirable "cut-in" boat slip. My favorite ones have roofs covering them and give the appearance of an open sided garages for your boat. Keeping the sun off of the gelcoat adds years to the life of your vessel. Sales year over year in July '11 almost disappeared here with only 20 being recorded. July '11 through July … (2 comments)
Each segment represents roughly one quarter of our market and averages out to be 1,367 units per price point. We have 5,468 properties for sale and add about 1,120 new homes to the inventory each month.
If you've been following my other Pricing Pinwheels there's no need for alarm. Those statistical pies were for the SOLD properties and activity there captures 715 homes off the market every month for the past year.
You're probably asking yourself, if this is true then why is inventory going away if we list more than we sell. You must realize … (4 comments)
pricing: Limited Inventory, Yes, However All Price Points Are Being Represented
- 12/18/12 04:37 AM
Much more than half of our entire inventory is under $500,000 now. We are looking at the low-side of availablity which we have not experienced in many, many years. There are 5,452 residences currently on the market which represents about 1 for each of our REALTOR members here. We'll soon be turning a corner and hope to exceed last years January surge of about 1,700 units added into our inventory. It appears that most of the country is running out of it's store of nrew properties to be sold also. My builder friends are reconciled to the best business they've seen … (5 comments)
pricing: INTEREST RATES, The Primary Ingredient of the Witches Brew
- 10/18/12 05:01 AM
Not long ago a passbook savings account was yielding 5.5% with a relatively secure feeling attached behind it. The latest return we see is at about .8%. That's a tough number to garner any excitement about isn't it. I laugh now when I see "high" yield IRA rates at 1.6% however there is some grimacing involved too. What promulgates these pitiful rates? The Federal Reserve is the culprit, and they're not really in the best position to be making sound business propositions for us. One look at the history of government earnings and expenditures will tell you that. Strike that and look … (8 comments)
pricing: Emeril Lagasse always kicks it up a notch, right! Well BAM! We're ratcheting down and Naples is becoming much more affordable.
- 07/22/11 05:22 AM
This is pretty consistent behavior except for that $3,000,000+ range. Somewhat like getting to the edge of the cliff and discovering you've mysteriously contracted acrophobia, you know, fear of heights, and in this case price. There's probably a sticker shock phobia too. When you identify the proper term for that please let me know? Step back if you're uncomfortble there or leap to the highest level. You need to know that the $3M and higher points will be in a state of flux through Summer. It typically sees most of it's activity during season which returns wholeheartedly in December then runs through May. It's recommended that you reserve … (4 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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