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Naples Area News, Real Estate & Trends

Real Estate Agent with Premiere Plus Realty Co.

December 23, 2010 04:09 AM

Naples Area News, Real Estate & Trends

MERRY CHRISTMAS & HAPPY HOLIDAYS

Newsletter-December 2010

FOR IMMEDIATE RELEASE

Contacts: Brenda Fioretti, NABOR President, (239) 595-6219 Marcia Albert, NABOR, Manager of Events & Marketing, (239) 216-4148

PENDING SALES UP 13 PERCENT

Naples Area Real Estate Transactions Released NAPLES, Fla.-December 17, 2010

Home sales continue to increase in the Naples area 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).

In November, overall pending sales increased 13 percent while closed sales for the 12 months ending November 2010 grew 14 percent to 7,863 from 6,884 for the same 12 months last year.

"The 12 months ending statistics reveal year-to-year trends resulting in improved market conditions in pending sales, closed sales and median closed prices,” said John Steinwand, President of Naples Realty Services.

Pending sales continue their strong trend. Overall pending sales for the 12 months ending November 2010 increased 7 percent.

The median closed price for the 12 months ending November 2010 increased 3 percent for properties over $300,000. The median closed price in this price segment increased to $540,000 up from $525,000.

“Overall condo sales for the 12 months ending November 2010 continue to be strong.

Closed sales are up 24 percent overall and in the $500,000 to $1 million price point, closed sales increased 31 percent,” said Steve Barker, Managing Broker of Amerivest Realty.

“The summer sales reflected the oil spill in the Gulf, the end of the homebuyer tax credit, and the traditional slower season in Naples. We are now seeing sales increase as expected,” said Phil Wood, President of John R. Wood REALTORS®.

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:

Single-family closed sales increased 6 percent with 3,975 sales for the 12 months ending November 2010 compared to 3,756 sales for the same 12 months last year.

Single-family pending sales in the $1 to $2 million category increased 49 percent for the 12 months ending November 2010 with 263 contracts compared to 176 contracts for the 12 months ending November 2009.

Overall condo pending sales for the 12 months ending November 2010 increased 16 percent with 4,466 contracts compared to 3,849 contracts for the 12 months ending November 2009.

“We are coming to an end of a strong year in sales and are upbeat about the coming season,” said Mike Hughes, Vice President of Downing-Frye Realty.

To view the report, go to www.NapleAarea.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 4,000 plus member-customers. NABOR is a member of Florida 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.

Average Days On Market: November 2009=173 November 2010=171

(Search For Naples Properties Now)

The Old Collier Golf Club was recently named as one of America’s most important golf courses of the decade by Golf Digest magazine. The course received the honor for pioneering the use of Paspalum, an environmentally friendly salt-tolerant turf grass, from tee to green. Paspalum was developed by Collier Enterprises’ affiliate company Turf Ecosystems and has now been adopted by golf courses worldwide.

ALLEGIANT ADDS THREE LOW-COST, NONSTOP FLIGHTS TO FORT MYERS (www.allegiant.com) now offers low-cost, nonstop travel service between several different locations and the Fort Myers area. The new flights include nonstop travel to Greensboro, N.C.; Grand Rapids, Mich.; and Lexington, Ky.

During November, 652,783 passengers traveled through Southwest Florida International Airport www.flylcpa.com), an increase of 9.1 percent compared with November 2009. Year-to-date, passenger traffic is up 1.2 percent from the same period last year. The traffic leader in November was Delta with 128,840 passengers traveling to and from Fort Myers. Rounding out the top five airlines were AirTran, 122,808; JetBlue, 86,396; Southwest, 70,559; and US Airways, 59,235.

NONSTOP SERVICE BETWEEN LANSING, MI. AND FORT MYERS Sun Country Airlines will inaugurate service to Lansing, Mich., on Thursday. The flights between Southwest Florida International Airport (RSW) (www.flylcpa.com) and Capital Region International Airport (LAN) (www.suncountry.com), will operate three to four days a week during the winter and spring. This is the first time RSW will have nonstop scheduled service to Lansing.

FEATURED COMMUNITY-Grey Oaks Country Club

The Club at Grey Oaks welcomes you to a unique world that combines unsurpassed social opportunities with the finest traditions of championship golf. Grey Oaks' members enjoy three of the most exciting courses in Southwest Florida and two clubhouses complete with full-service golf shops offering the latest in golf apparel and equipment. Designed by Clifton, Ezell & Clifton,

The Pine Course and The Palm Course at Grey Oaks combine natural beauty with breathtaking challenges for players of all skill levels. The Estuary Course, designed by the internationally renowned Bob Cupp, was also designed to the same discriminating standards. Grey Oaks also offers members the unique pleasures of an 18-hole putting course built to USGA specifications with the finest greens and maintenance.

Awards & Honors

•Named "Florida Course of the Year," by National Golf Course Owners Association (NGCOA), 2005

•Named a "Top 5 Toughest Private Golf Course," by Florida Trend magazine

•Named a "Top 50 Most Distinctive Course in Southwest Florida," by Golfweek magazine

•Named a "Best of the Gulf Shore Golf Course,” by Gulfshore magazine

New Retail

Book Warehouse (www.book-warehouse.com) is now open at Miromar Outlets in time to coincide with the holiday shopping season. For readers on your list, find the titles you are looking for at Book Warehouse at 50 – 80 percent off retail prices every day. The new store at Miromar Outlets is the first Southwest Florida location for Book Warehouse, located in Suite 181, next to Nike at Miromar Outlets.

Lowe’s has opened at 12730 U.S. 41 East (corner of U.S. 41 East and Collier Blvd.)

PetSuperMarket has opened in the WalMart complex at Davis Blvd. & Collier Blvd. at 9985 Business Circle. Call 239-304-1500.

Purely You Spa, a certified organic spa, opened at 3066 U.S. 41 N, Suite 302 in Naples. The spa offers 15 different types of therapeutic massage, 12 different facials, a waterless manicure and pedicure, organic waxing, LED light therapy and eminence organic skin care products. Information 239-331-8266

New Restaurants

Dunkin Donuts has opened near Lowe’s at 6685 Collier Blvd.

Citrus opened at 455 Fifth Avenue South between Bellini Bar and Paddy Murphy’s Iris Pub. The seafood restaurant with a citrus flair is open for lunch and dinner.

French American Bistro opened in Piper’s Crossing, 1201 Piper Blvd. in North Naples. Open daily 11 a.m. to 9 p.m. The co-owners are truly French-Americans. Update on Listings,

Pending Contracts, and Closed Sales for November, 2010 vs. November 2009:

Bonita Springs & Estero Areas:

Year 2009 vs. 2010

2009 Listings 2,383 vs. 2010 Listings 2,341

Pending Contracts 156 178 +22

Closed Sales 139 135 -5

Naples Area:

Year 2009 2010

2009 Listings 8,186 vs. 2010 Listings 8,347

Pending Contracts 498 523 +25

Closed Sales 532 479 -53

Average Days On Market: November 2009=173 November 2010=171