Real Estate Market Trends

Local Real Estate Brokers Predict Strong Season

Consistent with historic activity in Southwest Florida, pending and closed sales in the greater Naples housing market continue to increase as the winter season approaches. The November 2016 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), showed a median closed price of $303,000 during November 2016; a 5 percent decrease from the November 2015 median closed price of $318,000. More sellers also entered the market in November, which resulted in a 40 percent increase in inventory to 5,733 properties in November 2016 from 4,095 properties in November 2015 (300 more properties than October 2016). Yet according to several broker analysts who examined the November 2016 Market Report, one obstacle agents continue to face is a market with pockets of improper valuations. Continue reading >>

UP AND TO THE RIGHT MARKET GAINS FOR MAY 2015

May, not typically referred to as an “on fire” month for closed home sales but, that’s exactly what occurred in the $300,000 to $500,000 home price category this past May. A 30% jump month Continue reading >>

NOW IS THE TIME TO COZY UP WITH YOUR FAVORITE SOUTH BAY REALTY PROFESSIONAL

Having an increasingly difficult time finding that perfect Naples vacation rental for the family? With rental inventory at a premium, you’re not alone. So, what do you do about it? If you’re trending like most serial renters these days, you’re taking a hard look at the incredibly attractive mortgage rates spawned by Fannie Mae and Freddie Mac’s new lending guidelines. Since the guidelines first hit the street last December, more and more first-time home buyers are finding it easier to secure that mortgage that had previously eluded them. 2015 quarter-to-date has already seen many home buyers taking advantage of these lower rates. As we all know, in-season around these parts means opportunity for both sellers and buyers to make hay while the sun shines… literally! With the 10-year Treasury bond market hovering around 2.00 (a mortgage market indicator), even the cash-advantaged home buyers are quick to put 2 + 2 together and hold on to their cash. Current mortgage funds are easier to get and exceedingly affordable. More here…...

The Time for Canadians to ride the Florida tide is now!

As Canadian spring-breakers flock south to keep warm, they should be investment portfolio-mindful of the affordable housing that awaits them. In particular, residential investment in Southwest Florida is continuing its up-and-to-the-right trajectory despite a stronger US dollar. Continue reading >>

Inventory’s status-quo moniker is no barrier to a double digit “up-market” sales increase

Naples, Fla. (March 9, 2015) – Although the 2015 Naples housing market is off to a robust start in both listing and sales transactions (Naples Area Board of REALTORS® (NABOR®)), the continuing concern over a static inventory base remains front and center in the mind of the competitive agent, albeit, only a 5% decline rather than 15% at the start of 2014. Nonetheless and as usual, those same agents found the silver-lining to turn out a double digit hike in up-market closings in 2014. Were you one of them?

So, what does this mean for South Bay agents, its buyers and sellers as we look exceed that in the coming year. That’s easy; another chart-busting season for home sales! With foreclosure sales at a record low, post 08-09 market downturn, and cash sales making up 70% of all Naples transactions this January, continued growth in sales activity is inevitable. In particular, the highly sought after tip of the luxury single family home market ($1 to $2 million) which, based on 2015 pending sales contracts to date, will increase by more than 50% over the same time last year. Conversely, due to an increase in demand leading to a larger segment-lag in inventory, pending condominiums contracts in the same price range have decreased.

No matter which residential market category you’re interested in, whether you’re buying, selling or renting, soliciting the assistance of a neighborhood-savvy South Bay Realty Agent will streamline the transaction process, timing and cost associated with successfully closing. Make the connection now!

Naples Real Estate: Luxury Market Gains Momentum in 2014

Naples, Fla. (January 16, 2015) – Overall closed sales for homes in every price category above $300,000 saw double digit increases in 2014. As a result, broker analysts contend that 2014 was one of the best years in Naples real estate history for closed sales. According to the Annual 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), inventory increased 16 percent for homes in the $2 million and above price category from 394 in 2013 to 457 in 2014. The report also showed that overall closed sales in this luxury market price category increased 33 percent from 299 homes in 2013 to 399 homes in 2014, yet the overall median home price in this price category held steady year over year at $2,950,000. Continue reading >>

Buyers Rush Luxury Market in November

Naples, Fla. (December 19, 2014) – Sellers in the luxury market can expect a very good buyer turnout in the coming months according to a consensus among Naples’ top brokers after they analyzed the November 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Their prediction was based on several factors including overall pending sales activity, which rose 11 percent for homes priced over $1 million; overall closed sales activity, which increased 17 percent for homes priced over $1 million; and that the majority of homes sold in the $2 million and above category were cash sales. Continue reading >>

Tight Inventory – the phrase of the day in Naples real estate

Overall pending and closed sales are down since last August but prices are up about 14 percent. What’s going on? Inventory is very low. “We can’t sell what’s not there” was the consensus among brokers as they analyzed the most recent report released by the Naples Area Board of REALTORS®. Continue reading >>

Naples Area Real Estate Market Report July 2014

The market is still being described as “stable” by real estate professionals after the July stats have come in. The overall median sales price has increased about 16 percent over last year. Inventory is still tight in all categories, but particularly in the under $300,000 category which had a 25% reduction in inventory over last year. Continue reading >>

Second Quarter Naples Real Estate Stats: Stable Market

NABOR released their analysis of 2nd quarter 2014 Naples real estate market activity compared to 2nd quarter 2013.

They are calling it a stable market because overall there were no significant gains or losses compared to 2nd quarter 2013.  However here are some positive changes that are noteworthy.

The luxury market saw significant improvement over 2nd quarter 2013 with 42% more closed sales in the over $2 million category.   There was significant improvement in both luxury condos and single family homes.  High end buyers are showing confidence in our market. Continue reading >>