NAPLES GOLF GUY BLOG

December Homes Sold Report

December Homes Sold Report – Week of Dec. 16th

According to the latest December Homes Sold report, Naples real estate sales continued to show very strong sales activity! During the week of the 16th there were 357 Naples Properties Sold compared to 362 the prior week.

Both North Naples and East Naples ended the week with the same number of real estate transactions. North Naples ended the week with 84 properties sold compared to 105 transactions during the previous week. Of the 84 sales, 6 percent were vacant lots, 50 percent single family homes and 44 percent were condos.

East Naples also had 84 property sales compared to 68 the week of the 9th. East Naples home sales consisted of 15 percent vacant lots, 26 percent single family homes and 57 percent were condos. The remaining property sold was a mobile home.

And finally, the City of Naples had 40 homes sold, down 1 sale from the prior week. Real estate transactions were made up of 34 percent single family home sales and 66 percent condos.

In summary, December home sales were very strong in the Naples area. Ultimately, real estate transactions for the week of December 16th show properties sold were broken down as follows: 158 condos, 128 single family homes, 68 vacant lots and 3 mobile homes sold throughout Collier County.

Naples Luxury Home Sales Report

Twenty-nine luxury homes sold during the week. Luxury home prices ranged from $1,050,000 to $8,050,000.

$1,000,000 – $2,999,999 price range – 22 homes sold
$3,000,000 – $4,999,999 price range – 4 homes sold
$5,999,000 – $9,999,999 price range – 3 homes sold
10,000,000 plus – 0 homes sold

Naples December Homes Sold Report for the week of the 16th Organized by zip code:

City of Naples

34102 – 15 properties sold (6 single family homes and 9 condos)
34103 – 12 properties sold (3 single family homes and 9 condos)
34105 – 14 properties sold (5 single family homes and 9 condos)

North Naples

34109 – 25 properties sold (14 single family homes and 11 condos)
34110 – 28 properties sold (11 single family homes and 17 condos)
34119 – 31 properties sold (5 vacant lots, 17 single family homes and 9 condos)

East Naples

34104 – 30 properties sold (3 vacant lots, 9 single family homes and 18 condos)
34112 – 25 properties sold (1 mobile home, 4 vacant lots, 5 single family homes and 15 condos)
34113 – 29 properties sold (6 vacant lots, 8 single family homes and 15 condos)

Ave Maria and Immokalee

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

Barefoot Beach

34134 – 1 property sold (1 condo)

Big Cypress

34117 – 11 properties sold (4 vacant lots and 7 single family homes)

Coco River

34108 – 19 properties sold (1 vacant lot, 8 single family homes and 10 condos)

Chokoloskee

34138 – 2 properties sold (1 vacant lot and 1 condo)

Corkscrew

34120 – 36 properties sold (1 mobile home, 24 vacant lots, 8 single family homes and 3 condos)

Eastern Collier County

34114 – 30 properties sold (1 mobile home, 9 vacant lots, 9 single family homes and 11 condos)
34116 – 12 properties sold (10 single family homes and 2 condos)

Marco Island

34145 – 31 properties sold (8 vacant lots, 5 single family homes and 18 condos)

More Information About Naples Real Real Estate Trends:

Collier County Real Estate Transactions Week of Dec. 16th 2019

Naples Golf Guy Report

Luxury Golf Community Trends

Begin Your Naples Property Search

So, if you’re ready to begin your search for your Naples home, or a southwest Florida Luxury home or condo, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the more than 150 different golf communities in our area. If you prefer a more direct approach, we will provide a list of properties that meet your criteria and/or communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Considering Selling your home?

Since home sales remain strong in Southwest Florida, now is a good time to consider selling your property. If you are looking to sell a home in Bonita Springs, Estero or Naples, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. 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.

Bottom Line:

If you’re looking for a focused and goal-oriented real estate representative in Naples, Bonita Springs, Estero or Fort Myers who will help you achieve your Real Estate needs, please reach out to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, vacation home, golf home or dream home, call us or text us at 239-370-0892 or email Matt at Matt@NaplesGolfGuy.com

About Naples Golf Guy

Contact Matt: Matt@NaplesGolfGuy.com

or at 239-370-0892

February 16th, 2020, Posted by NaplesGolfGuy

Housing Market Benefits

How the Housing Market Benefits with Uncertainty in the World

Although there is uncertainty surrounding global markets, ultimately the housing market benefits from the uneasiness. Experts say the lack of clarity may actually mean good news for real estate:

Mark Fleming, Chief Economist at First American, discussed the situation in a recent report,

“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense increased uncertainty, there is a ‘flight to safety’ in U.S. Treasury bonds, which causes their price to go up, and their yield to go down.”

Last week, in a HousingWire article, Kathleen Howley reaffirmed Fleming’s point,

“The death toll from the coronavirus already has passed Severe Acute Respiratory Syndrome, or SARS, that bruised the world’s economy in 2003…That’s making investors around the world anxious, and when they get anxious, they tend to sell off stocks and seek the safe haven of U.S. bonds. An increase in competition for bonds means investors, including the people who buy mortgage-backed bonds, have to take lower yields. That translates into lower mortgage rates.”

The yield from treasury bonds is the rate investors receive when they purchase the bond. Historically, when the treasury rate moves up or down, the 30-year mortgage rate follows. Here’s a powerful graph showing the relationship between the two over the last 48 years:

How might concerns about global challenges impact the housing market in 2020? Fleming explains,

“Even a small change in the 10-year Treasury due to increased uncertainty, let’s say a slight drop to 1.6 percent, would imply a 30-year, fixed mortgage rate as low as 3.3 percent. Assuming no change in household income, that would mean a house-buying power gain of $21,000, a five percent increase.”

So, for a multitude of reasons, 2020 could be a challenging year. It seems, however, real estate will do just fine. As Fleming concluded in his report:

“Amid uncertainty, the house-buying power of U.S. consumers can benefit significantly.”

Bottom Line:

If you’re looking for a focused and goal-oriented real estate representative in Naples, Bonita Springs, Estero or Fort Myers who will help you achieve your Real Estate needs, please reach hou to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, vacation home, golf home or dream home, call us or text us at 239-370-0892 or email Matt at Matt@NaplesGolfGuy.com.

About Naples Golf Guy

Contact Matt: Matt@NaplesGolfGuy.com

or at 239-370-0892

February 15th, 2020, Posted by NaplesGolfGuy

Home Prices Rising

Experts Agree Home Prices Rising This Year

According to experts in the real estate and lending industry, we will see home prices rising this year and they’re forecasted to continue doing so through the next few years. Let’s connect to see if now is a great time to make your next move.

What Do The Experts Say About Home Prices for This Year?

Corelogic – 5.2 percent increase
Fannie Mae – 4.6 percent increase
National Association of Realtors (NAR) – 4.3 percent increase
Z Report – 3.9 percent increase
MBA – 3.1 percent increase
Freddie Mac – 2.8 percent increase

This is great news for homeownership, as prices are expected to continue appreciating over the new few years as well.