Is Your House an Oasis in an Inventory Desert

Could your house be the oasis in an Inventory Desert? Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates.

Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in an inventory desert.

Naples Mid March Home Sales Report for Week of March 15th

The Naples Mid March Home Sales Report shows 497 Homes Sold during the week of the 15th. The highest priced home sold for $12,600,000 in Olde Naples.

East Naples moved into the first position with 91 property sales. Home sales consisted of 10 percent vacant lots, 29 percent single family homes and 60 percent were condos. The remaining sale in the area was a mobile home.

The City of Naples with 88 properties sold. Naples homes sales were made up of 5 percent vacant lots, 34 percent single family homes and 61 percent condos.

Finally, North Naples rounded out the week with 75 real estate transactions for the week. Of the 75 property sales, 41 percent were single family homes, 55 percent were condos and 4 percent were vacant lots.

In summary, the latest real estate transactions review for the week of March 15th shows Naples homes sold were broken down as follows: 230 condos, 188 single family homes, 76 vacant lots and 3 mobile homes sold throughout Collier County.

Naples Luxury Home Sales Report

Seventy-One Naples luxury homes sold during the week. Luxury home prices ranged from $1,025,000 to $12,600,000.

• $1,000,000 – $1,999,999 price range – 36 homes sold
• $2,000,000 – $2,999,999 price range – 16 homes sold
• $3,000,000 – $4,999,999 price range – 9 homes sold
• $5,999,000 – $9,999,999 price range – 9 homes sold
• 10,000,000 plus – 1 home sold

Naples Mid March Home Sales Report – Organized by zip code:

City of Naples

• 34102 – 41 properties sold (3 vacant lots, 20 single family homes and 18 condos)
• 34103 – 27 properties sold (3 single family homes and 24 condos)
• 34105 – 20 properties sold (1 vacant lot, 7 single family homes and 12 condos)

North Naples

• 34109 – 21 properties sold (8 single family homes and 13 condos)
• 34110 – 24 properties sold (1 vacant lot, 8 single family homes and 15 condos)
• 34119 – 30 properties sold (2 vacant lots, 15 single family homes and 13 condos)

East Naples

• 34104 – 25 properties sold (2 vacant lots, 13 single family homes and 10 condos)
• 34112 – 35 properties sold (1 mobile home, 2 vacant lots, 5 single family homes and 27 condos)
• 34113 – 31 properties sold (5 vacant lots, 8 single family homes and 18 condos)

Ave Maria and Immokalee

• 34142 – 14 properties sold (6 vacant lots and 8 single family homes)

Barefoot Beach

• 34134 – 4 properties sold (1 vacant lot, 1 single family home and 2 condos)

Big Cypress

• 34117 – 21 properties sold (11 vacant lots and 10 single family homes)

Chokoloskee

• 34138 – 3 properties sold (3 condos)

Coco River

• 34108 – 32 properties sold (13 single family homes and 19 condos)

Corkscrew

• 34120 – 63 properties sold (30 vacant lots, 26 single family homes and 7 condos)

Eastern Collier County

• 34114 – 48 properties sold (2 mobile homes, 6 vacant lots, 19 single family homes and 21 condos)
• 34116 – 8 properties sold (2 vacant lots, 4 single family homes and 2 condos)

Everglades City

• 34139 – 5 properties sold (3 single family homes and 2 condos)

Marco Island

• 34145 – 45 properties sold (4 vacant lots, 17 single family homes and 24 condos)

Southwest Florida April Home Sales Review

The latest Florida April Home Sales review for Bonita Springs, Estero and Southern Fort Myers for the week of the 10th showed there were 289 properties sold.

Southern Fort Myers moved back into the first position with 112 real estate transactions. Sales were as follows: 29 percent vacant lots, 24 percent were condos and 46 percent were single family homes. The remaining Fort Myers properties sold were mobile home and an agricultural lot.

Bonita Springs rounded out the week in the second position with 85 real estate transactions. Of the 85 real estate sales, 5 percent were multi-family units, 11 percent were vacant lots, 52 percent were condos and 27 percent were single family homes. The other property sales were a vacant lot and mobile homes.

Finally, Estero slid to the third spot with 82 property sales. Home sales were split between multiple property types. Of the 82 home sales, 9 percent were mobile homes, 12 percent were vacant lots, 44 percent were condos and 35 percent were single family homes.

In review, based on the real estate transactions report for the week of April 10th, property sales were broken down by the following types in Southwest Florida: 111 condos, 107 single family homes, 53 vacant lots, 11 mobile homes, 4 multi-family units, 2 commercial unit and 1 agricultural lot.

Southwest Florida April Home Sales by zip code

Bonita Springs

• 34134 – 21 properties sold (1 vacant lot, 4 single family homes and 16 condos)
• 34135 – 64 properties sold (2 commercial units, 3 mobile homes, 4 multi-family units, 8 vacant lots, 19 single family homes and 28 condos)

Southern Fort Myers

• 33912 – 29 properties sold (1 agricultural lot, 1 vacant lot, 9 single family homes and 18 condos)
• 33913 – 67 properties sold (30 vacant lots, 28 single family homes and 9 condos)
• 33967 – 16 properties sold (1 mobile home, 1 vacant lot and 14 single family homes)

Estero

• 33928 – 64 properties sold (7 mobile homes, 10 vacant lots, 24 single family homes and 23 condos)
• 33967 – 4 properties sold (3 single family homes and 1 condo)
• 34134 – 2 properties sold (2 condos)
• 34135 – 12 properties sold (2 single family homes and 10 condos)

Miromar Lakes

• 33913 – 10 properties sold (2 vacant lots, 4 single family homes and 4 condos)

Southwest Florida Sales Reports:

Lee County Real Estate Transactions Week of April 10th 2021

Naples Golf Guy Monthly News Letter

Quail Creek Home Under Contract

Congratulations to our clients from Texas who have this fabulous Quail Creek Home under contract! Quail Creek is a Naples Gated Golf Community which offers two championship golf courses for members to enjoy.

Quail Creek Luxury Home – 12911 Coco Plum LN – List Price $2,500,000

More About This Luxury Golf Home Pending Sale

An absolutely stunning single family home with spectacular views of the golf course and expansive lake. The new owners will have the opportunity to sit on the lanai and enjoy the Florida sunsets from the comfort of their own home.

The moment you walkthrough the door you will appreciate this exceptional floor plan featuring the perfect kitchen space with an oversized island, walk in pantry, gorgeous quartz countertops, gas cook top, and double wall oven to cater to your inner chef!

• Four Bedrooms Plus a Den
• Four Full Bathrooms and One Half Bath
• 5,000 Square Feet Under Air
• Golf Course View
• Three Car Garage
• Built in 1986

More About the Quail Creek Country Club

Quail Creek Country Club has two exciting eighteen-hole courses to choose from. Both courses offer a challenging but rewarding golf experience. Water hazards come into play on many of their holes. The greens are well maintained, and the fairways afford generous landing areas. Both courses are similar in design, but the Creek Course has more length from the back tees. One of the best values for real estate and golf.

This luxury golf community recently completed an $18 million renovation project which included improvements to the existing clubhouse.  Additionally, the renovations included rebuilding the current clubhouse, tennis and fitness building and cart barn.  There is a brand new 18,000 square foot Sports Center with a golf shop, tennis shop, Blue Zone certified fitness center, wellness center, and a spa.

Conveniently located near I-75 and just a short drive away from downtown Naples or Fort Myers Airport.

Find Your Dream Home

Why Waiting to Buy a Home Could Cost You a Small Fortune

Will waiting to buy a home cost you a small fortune? Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs.

4 Big Incentives for Homeowners to Sell Now

If you are considering listing your home, there are multiple incentives for homeowners to sell now. The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale.

The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of 2020. The key to continued success in the residential housing market is for more listings to come on the market. However, many homeowners are concerned that selling their homes could be challenging for several reasons.

Naples March Homes Sold Report for Week of March 1st

The latest Naples March Homes Sold Report for the beginning of March shows 518 Homes Sold during the week. The highest priced home sold for $22,500,000 in Port Royal.

North Naples remained in the top spot with 102 real estate transactions for the week. Of the 102 property sales, 46 percent were single family homes, 47 percent were condos and 7 percent were vacant lots.

East Naples stayed in the second position with 97 property sales. Home sales consisted of 7 percent vacant lots, 28 percent single family homes and 64 percent were condos. The remaining sale in the area was a mobile home.

Finally, the City of Naples rounded out the week with 82 properties sold. Naples homes sales were made up of 6 percent vacant lots, 24 percent single family homes and 70 percent condos.

In summary, the latest real estate transactions review for the week of March 1st shows Naples homes sold were broken down as follows: 239 condos, 182 single family homes, 95 vacant lots and 2 mobile homes sold throughout Collier County.

Naples Luxury Home Sales Report

Ninety-Four Naples luxury homes sold during the week. Luxury home prices ranged from $1,050,000 to $22,500,000.

• $1,000,000 – $1,999,999 price range – 59 homes sold
• $2,000,000 – $2,999,999 price range – 17 homes sold
• $3,000,000 – $4,999,999 price range – 13 homes sold
• $5,999,000 – $9,999,999 price range – 4 homes sold
• 10,000,000 plus – 1 home sold

Naples March Homes Sold Report – Organized by zip code:

City of Naples

• 34102 – 27 properties sold (5 vacant lots, 8 single family homes and 14 condos)
• 34103 – 33 properties sold (5 single family homes and 28 condos)
• 34105 – 22 properties sold (7 single family homes and 15 condos)

North Naples

• 34109 – 29 properties sold (13 single family homes and 16 condos)
• 34110 – 40 properties sold (2 vacant lots, 14 single family homes and 24 condos)
• 34119 – 33 properties sold (5 vacant lots, 20 single family homes and 8 condos)

East Naples

• 34104 – 21 properties sold (2 vacant lots, 9 single family homes and 10 condos)
• 34112 – 42 properties sold (1 mobile home, 3 vacant lots, 7 single family homes and 31 condos)
• 34113 – 34 properties sold (2 vacant lots, 11 single family homes and 21 condos)

Ave Maria and Immokalee

• 34142 – 9 properties sold (3 vacant lots and 6 single family homes)

Barefoot Beach

• 34134 – 6 properties sold (1 vacant lot, 1 single family home and 4 condos)

Big Cypress

• 34117 – 18 properties sold (11 vacant lots and 7 single family homes)

Chokoloskee

• 34138 – 3 properties sold (1 vacant lot and 2 condos)

Coco River

• 34108 – 39 properties sold (2 vacant lots, 18 single family homes and 19 condos)

Corkscrew

• 34120 – 66 properties sold (33 vacant lots, 22 single family homes and 11 condos)

Eastern Collier County

• 34114 – 42 properties sold (1 mobile home, 11 vacant lots, 19 single family homes and 11 condos)
• 34116 – 7 properties sold (3 single family homes and 4 condos)

Everglades City

• 34139 – 4 properties sold (4 vacant lots)

Marco Island

• 34145 – 43 properties sold (1 vacant lots, 12 single family homes and 21 condos)

It’s a Great Time for Your House to Shine

Is now a great time for your house to go on the market? It’s a seller’s market so, today’s housing market makes it easy to win as a seller. Let’s connect if you’re ready to make a move this year.

Why Is It A Great Time For Your House To Sell

• 61 percent of consumers think it is a good time to sell
• Buyer demand is high
• Inventory is at a record low

Perhaps you are looking to upsize into your dream home or downsize into your forever home. Either way, if you’re considering selling, let’s connect to discuss your homes value in today’s market. It may be worth more than you think.

Maximize the Sale of Your House By Working with an Experienced Real Estate Agent

It is a seller’s market so why should you work with a realtor? Do you have the time? There are over 180 actions required to successfully complete a real estate transaction. From scheduling showings, evaluating multiple offers, contract negotiations, organizing inspectors, attorneys, title companies and a mountain of paperwork.

In today’s rapidly changing market, it’s you’ll want to be sure you have priced your home correctly to capture the largest return on your investment. You also need to be sure you have a digital game plan and an effective online marketing strategy when selling your home. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.

So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, we can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

• Virtual tour of the home
• Accurate and detailed listing information
• Detailed neighborhood information
• High-quality listing photos
• Agent-led video chat
• Paperless transactions

Now more than ever, an agents presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high end photography, e-mail marketing, social media marketing and much more.

Finally, if you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Should I Use a Realtor or Sell on My Own?

April 30th, 2021, Posted by NaplesGolfGuy

Is Home Appreciation Accelerating Again?

Is home appreciation accelerating once again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year.

The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize.

The National Association of Realtors (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year.

4 Tips to Maximize the Sale of Your House

How do you maximize the sale of your house? Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices.