Why You Shouldn’t Go the For Sale By Owner Route

If you’re thinking about trying to save money by going the For Sale by Owner (FSBO) route, consider the following information before you list your home for sale.

Why You Shouldn’t FSBO

Where do 93 percent of buyers find their home? Through the internet or a real estate agent. Most real estate agents have an internet strategy. For example, NaplesGolfGuy.com receives more than 1 million visitors to our website per year. Additionally, all of our listings are included in the traditional large real estate industry websites like Zillow and Realtor.com.

Additionally, since the mid 1980’s the percentage of people selling by owner has dropped from 19 percent down to 8 percent. Also, statistics show homes sold with an agent sell for 6 percent more than FSBOs. There are over 100 steps involved in real estate transactions. Are you ready to take on all the steps involved on your end to sell a home including market analysis, professional photos, coordinating showings and inspections, negotiations, talking with attorneys, taking phone calls, talking to agents, advertising, social media and the list goes on? What’s your time worth?

A professional real estate agent has a process, the people and the tools in place to handle all the steps required from the day you agree to move forward with selling your home to the close and everything in between, making your entire real estate transaction effortless and stress-free. So, before you go the “For Sale by Owner” route, let’s connect to make sure you know all the reasons why you need a real estate professional securely in your corner.

December 28th, 2019, Posted by NaplesGolfGuy

Working with a Local Real Estate Professional Makes All the Difference

What are the benefits of working with a local real estate professional? A local agent will know the market conditions which vary from community to community in Southwest Florida. 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. It can be a challenge to analyze the various membership fees, golf courses, amenities, demographics, best location and much more. Whether you’re just beginning your search or you are ready to buy, let us be your guide.

More Information About Naples Real Real Estate Trends:

Naples Real Estate Activity for November

Luxury Golf Community Real Estate Trends

Naples Ends October Really Strong with 300 Plus Real Estate Transactions

Naples Ends October with strong real estate activity according to the latest real estate transactions report. During the week of October 28th, there were 320 Naples Properties Sold up from 237 the previous week.

East Naples led the way with the most real estate transactions with 76 sales compared to 47 property sales the previous week. East Naples home sales consisted of 11 percent vacant lots, 29 percent were single family homes and 59 percent were condos.

North Naples was a close second with 74 properties sold with 14 percent vacant lots, 43 percent single family homes and 43 percent were condos.

And finally, the City of Naples had 34 homes sold for the week of the 28th up from 22 properties sold the prior week. Real estate transactions were made up of  44 percent single family home sales and 66 percent condos.

In summary, the end of October continued with strong activity based on the increased property sales in the Naples area. Ultimately, real estate transactions for the week of October 28th show properties sold were broken down as follows: 138 condos, 117 single family homes, 64 vacant lots and 1 mobile home sold throughout Collier County.

Naples Real Estate Sales for the week of the 28th Organized by zip code:

City of Naples

• 34102 – 11 properties sold (5 single family homes and 6 condos)
• 34103 – 12 properties sold (4 single family homes and 8 condos)
• 34105 – 11 properties sold (6 single family homes and 5 condos)

North Naples

• 34109 – 26 properties sold (1 vacant lot, 10 single family homes and 15 condos)
• 34110 – 15 properties sold (1 vacant lot, 6 single family homes and 8 condos)
• 34119 – 33 properties sold  (8 vacant lots, 16 single family homes and 9 condos)

East Naples

• 34104 – 22 properties sold (2 vacant lots, 5 single family homes and 15 condos)
• 34112 – 27 properties sold (4 vacant lots, 9 single family homes and 14 condos)
• 34113 – 27 properties sold (3 vacant lots, 8 single family homes and 16 condos)

Ave Maria and Immokalee

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

Big Cypress

• 34117 – 12 properties sold (4 vacant lots and 8 single family homes)

Barefoot Beach

• 34134 – 2 properties sold (2 condos)

Coco River

• 34108 – 19 properties sold (7 single family homes and 12 condos)

Chokoloskee

• 34138 – 1 property sold (1 condo)

Corkscrew

• 34120 –  43 properties sold (23 vacant lots, 17 single family homes and 3 condos)

Eastern Collier County

• 34114 – 29 properties sold (1 mobile home, 10 vacant lots, 8 single family homes and 10 condos)
• 34116 – 6 properties sold (5 single family homes and 1 condo)

Everglades

• 34139 – 1 property sold (1 condo)

Marco Island

• 34145 – 14 properties sold (5 vacant lots, 5 single family homes and 4 condos)

Year-Over-Year Rental Prices Rising

Are rental prices rising or falling? Let’s take a look at what’s happened to rental rates since 2012. The median rental rates have increased by approximately $300 per month compared to 8 years ago. At the same time, interest rates remain near historic lows.

Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast,

Naples Housing Inventory

Naples November Real Estate Activity Year-Over-Year

Bottom Line

November Real Estate Transactions end Month Strong

The November real estate transactions report for the week of the 30th for Southern Lee County showed there were 216 properties sold for the week in the Southern Ft. Myers, Estero and Bonita Springs area.

Southern Fort Myers remained in the top position with 96 real estate transactions. Of the 96 properties sold, 5 percent were commercial units, 24 percent were vacant lots, 26 percent were condos and 43 percent were single family homes. The other properties sold were multi-family units.

Bonita Springs was in the second position 68 homes sold. Of the 68 real estate sales, 9 percent were commercial units, 15 percent were vacant lots, 41 percent were condos and 26 percent were single family homes. The other properties sold were multi-family units and mobile homes.

Finally, Estero finished the week in the third position with 52 property sales. Home sales consisted of: 27 percent vacant lots, 19 percent condos and 46 percent were single family homes. The remaining properties sold in Estero were mobile homes.

In review, based on the November real estate transactions report for the end of the month, property sales were broken down by the following types in Southwest Florida:  63 condos, 83 single family homes, 47 vacant lots, 12 commercial units, 6 mobile homes and 5 multi-family units.

Weekly November Transactions Report for the Week of the 30th – Organized by zip code

Bonita Springs

• 34134 – 12 properties sold (1 multi-family unit, 1 single family home and 10 condos)
• 34135 – 56 properties sold (2 multi-family units, 3 mobile homes, 6 commercial units, 10 vacant lots, 17 single family homes and 18 condos)

Southern Fort Myers

• 33912 – 16 properties sold (3 commercial units, 8 single family homes and 5 condos)
• 33913 – 61 properties sold (1 multi-family unit, 2 commercial units, 18 vacant lots, 20 single family homes and 20 condos)
• 33967 – 19 properties sold (1 multi-family unit, 5 vacant lots and 13 single family homes)

Estero

• 33928 – 42 properties sold (1 commercial unit, 3 mobile homes, 14 vacant lots, 19 single family homes and 5 condos)
• 33967 – 2 properties sold (1 single family home and 1 condo)
• 34134 – 2 properties sold (1 single family home and 1 condo)
• 34135 – 6 properties sold (3 single family homes and 3 condos)

November Transactions Detail:

Lee County Real Estate Transactions Week of Nov. 30th 2019

When Does a House Become a Happy Home?

We talk a lot about why it makes financial sense to buy a home, but more often than not we’re drawn to the emotional reasons for homeownership.

2020 Forecast Shows Continued Home Price Appreciation

Are you wondering what the experts are saying about the 2020 forecast for home values? According to a recent study by CoreLogic you should see your home continue to increase in value. Or if you are considering buying a home, now’s your chance to purchase your dream home before home prices rise even further.

Real Estate Trends in Luxury Private Golf Communities

Looking for the latest real estate trends in Luxury Private Golf Communities in Naples, Bonita Springs or Estero? If so, you have found the right source of information.  There are over 150 golf communities in the area, 90 percent of which have a private golf course within the community. With all of the various membership options, course designs, amenities and a wide area of home types available, it can be a challenge to pick the right one.

So, if you are searching for information on one of the top private golf course communities in Naples, Bonita Springs or Estero, below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in multiple southwest Florida luxury golf communities.

Luxury Private Golf Communities – Single Family Home Real Estate Trends

Audubon Country Club – 23 properties for sale, 22 properties closed over the past 12 months and average sales price $1,100,000

Bonita Bay – 51 properties for sale, 66 properties closed over the past 12 months and average sales price $1,007,181

Collier’s Reserve – 11 properties for sale, 14 properties closed over the past 13 months and average sales price $1,430,714

Grey Oaks – 48 properties for sale, 38 properties closed over the past 12 months and average sales price $2,606,829

Kensington – 12 properties for sale, 18 properties closed over the past 12 months and average sales price $904,194

Lely Resort – 99 properties for sale, 100 properties closed over the past 12 months and average sales price $619,122

Mediterra – 53 properties for sale, 36 properties closed over the past 12 months and average sales price $2,323,374

Olde Cypress – 27 properties for sale, 33 properties closed over the past 12 months and average sales price $809,921

Palmira – 23 properties for sale, 45 properties closed over the past 12 months and average sales price $574,164

Pelican Bay – 27 properties for sale, 42 properties closed over the past 12 months and average sales price $1,802,643

Pelican Bay (Bay Colony) –  12 properties for sale, 2 properties closed over the past 12 months and average sales price $2,300,018

Pelican Landing – 39 properties for sale, 56 properties closed over the past 12 months and average sales price $814,435

Pelican Landing (The Colony) – 11 properties for sale, 5 properties closed over the past 12 months and average sales price $1,638,000

Pelican Marsh – 29 properties for sale, 44 properties closed over the past 12 months and average sales price $965,915

Pelican Sound –  1 property for sale, 5 properties closed over the past 12 months and average sales price $639,000

Quail Creek – 14 properties for sale, 22 properties closed over the past 12 months and average sales price $1,220,930

Quail West – 61 properties for sale, 54 properties closed over the past 12 months and average sales price $1,821,785

Shadow Wood – 40 properties for sale, 62 properties closed over the past 12 months and average sales price $812,767

Talis Park – 20 properties for sale, 9 properties closed over the past 12 months and average sales price $1,834,333

Tiburon – 8 properties for sale, 9 properties closed over the past 12 months and average sales price $1,295,444

Vineyards – 56 properties for sale, 66 properties closed over the past 12 months and average sales price $678,737

West Bay Club – 16 properties for sale, 12 properties closed over the past 12 months and average sales price $1,168,625

Luxury Private Golf Communities – Condo Real Estate Trends

Audubon Country Club – 3 properties for sale, 5 properties closed over the past 12 months and average sales price $651,900

Bonita Bay – 83 properties for sale, 114 properties closed over the past 12 months and average sales price $576,076

Grey Oaks – 10 properties for sale, 12 properties closed over the past 12 months and average sales price $885,000

Kensington – 12 properties for sale, 17 properties closed over the past 12 months and average sales price $469,941

Lely Resort – 119 properties for sale, 192 properties closed over the past 12 months and average sales price $313,127

Mediterra – 9 properties for sale, 13 properties closed over the past 12 months and average sales price $596,833

Palmira – 14 properties for sale, 20 properties closed over the past 12 months and average sales price $312,152

Pelican Bay – 125 properties for sale, 215 properties closed over the past 12 months and average sales price $1,049,483

Pelican Landing – 45 properties for sale, 83 properties closed over the past 12 months and average sales price $323,825

Pelican Landing (The Colony) – 62 properties for sale, 58 properties closed over the past 12 months and average sales price $896,353

Pelican Marsh – 53 properties for sale, 90 properties closed over the past 12 months and average sales price $367,546

Pelican Sound – 26 properties for sale, 66 properties closed over the past 12 months and average sales price $294,026

Shadow Wood – 19 properties for sale, 31 properties closed over the past 12 months and average sales price $363,735

Talis Park – 24 properties for sale, 26 properties closed over the past 12 months and average sales price $914,369

Tiburon – 17 properties for sale, 27 properties closed over the past 12 months and average sales price $868,157

Vineyards – 108 properties for sale, 124 properties closed the over past 12 months and average sales price $344,371

West Bay Club – 8 properties for sale, 17 properties closed over the past 12 months and average sales price $612,176

Overall, the latest real estate trends for the best Luxury private golf communities in Naples, Bonita Springs or Estero show the market for luxury properties has several golf communities with an oversupply of inventory and therefore are considered great buying opportunities. Whether you are considering a single-family home or a condo in a luxury golf community, inventory levels vary by community. A healthy level of inventory is between 6-7 months of supply of properties available. Since each community varies we recommend you use a real estate agent familiar with golf communities to navigate your way through your options.

Here are a couple of examples that show why it is important to have a good understanding of the community and whether the inventory levels are healthy, or have high or low supply. West Bay only has 8 condos for sale and a 5.65 months supply of inventory which makes condos in this community a seller’s market. On the flip side, if you were looking for a single family home in Mediterra, there’s over a 17 month supply of Naples homes for sale making it a buyer’s market.

Also, Bay Colony, The Colony at Pelican’s Landing, Mediterra, West Bay and Grey Oaks continue to be Luxury Golf Communities with more than 15 months’ supply of single-family home inventory. So, if your a luxury home buyer, now would be a great time to look at property in one of these communities since there is an oversupply of luxury homes for sale. As a result, there should be room for negotiating a great price. Contact us today to help you identify the best Southwest Florida golf community for you and your family and ensure the best return on your investment. At the same time, we will make your transaction as effortless as possible.

If you do not see a snapshot of the southwest Florida luxury private golf club community you are interested in, contact us for complete market analysis.

More Real Estate Trends:

Naples Area Market Report for November 2019

Bonita Springs Estero Market Report for November 2019

Begin Your Own Property Search for Luxury Dream Home in one of the Best Florida Luxury Golf Communities:

Where is the 2020 Housing Market Headed?

The 2020 Housing Market is just around the corner.  What are experts saying about where we’re headed?  All indications are showing it’s going to be an active year. If you are considering selling or buying a home, let’s chat!