November Real Estate Started a Little Slower

Overall, November real estate started a little slower than the end of October.  The latest market report for the week of November 5th shows there were 212 Naples Properties Sold during the week of the 5th which was down from the week before when 331 units sold. Similar to the prior week, East Naples remained in the top spot with a total of 50 real estate transactions which was down from 82 homes sold the prior week.  North Naples came in a close second with 44 properties sold compared to 70 the previous week. And finally, the city of Naples had 25 property sales which was down from 39 units sold the week before.

So, of the 50 real estate sales in East Naples, 6 percent were mobile homes, 38 percent were single family homes and 54 percent were condos. The remaining property sold in E. Naples was a vacant lot. Also, in North Naples, of the 44 transactions closed, 25 percent were vacant lots, 41 percent were condos and 34 percent were single family homes. Last but not least, of the 25 sales in the City of Naples, 48 percent were single family homes and 52 percent were condos.

In review, Naples real estate started November with a similar mix of properties sold compared to the end of the previous month. Transactions for the week of the 5th show sales were broken down as follows: 86 single family homes, 75 condos, 47 vacant lots and 4 mobile homes sold in Collier County.

November Naples Real Estate Transactions Review for Nov. 5th shows transactions by zip code:

City of Naples

• 34102 – 8 properties sold (4 single family homes and 4 condos)
• 34103 – 10 properties sold (3 single family homes and 7 condos)
• 34105 – 7 properties sold (5 single family homes and 2 condos)

North Naples

• 34109 – 13 properties sold (7 single family homes and 6 condos)
• 34110 – 8 properties sold (1 single family home and 7 condos)
• 34119 – 23 properties sold (11 vacant lots, 7 single family homes and 5 condos)

East Naples

• 34104 – 22 properties sold (11 single family homes and 11 condos)
• 34112 – 20 properties sold (1 vacant lot, 3 mobile homes, 4 single family homes and 12 condos)
• 34113 – 8 properties sold (4 single family homes and 4 condos)

Ave Maria and Immokalee

• 34142 – 11 properties sold (7 vacant lots and 4 single family homes)

Big Cypress

• 34117 – 11 properties sold (5 vacant lots and 6 single family homes)

Coco River

• 34108 – 9 properties sold (5 single family homes and 4 condos)

Corkscrew

• 34120 –  27 properties sold (1 mobile home, 13 vacant lots, 12 single family homes and 1 condo)

Eastern Collier County

• 34114 – 14 properties sold (7 vacant lots, 2 single family homes and 5 condos)

Golden Gate

• 34116 – 6 properties sold (4 single family homes and 2 condos)

Marco Island

• 34145 – 15 properties sold (3 vacant lots, 7 single family homes and 5 condos)

Collier County Real Estate Transactions week of Nov. 5th 2018

Excited About Buying A Home This Year? Here’s What to Watch

Are you considering buying a Naples home this year? If you are thinking about buying your dream home or a vacation home in Southwest Florida there are a couple key areas you should talk to a real estate professional about: Inventory and Supply. If you are using a mortgage, you should also take into account interest rates and their impact on your purchasing power.

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need …

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Just Went to Contract on a Luxury Quarry Condo!

A wonderful couple I’ve been working with just went to contract on this beautiful Quarry Condo in Naples, Florida! A fantastic three bedroom and three bathroom condo located on one of the best streets in The Quarry Golf Club.

Quarry Condo on Quartz Lane – List Price – $434,900

More About The Quarry Golf Club:

The Quarry is a private golf club located in Naples, Florida.  A truly remarkable par 72 golf course, The Quarry, will wind its way around neighborhoods, lakes and more than 800 acres of pristine native preserves. The focal point of the community in Stone Lake.  Created from the remnants of an old limestone quarry.  The communities lakes are vast and there are ample opportunities for water activities including water skiing!  Unlike most of the other Naples golf communities, The Quarry has its own beach club on an expansive lake in the center of the community.

More About Real Estate in The Quarry:

This community consists of a variety of single family homes and condos.  There are 11 different home designs ranging from 1,600 to 4,400 square feet to choose from.  Golf course views are available at a premium.  Both resale golf properties as well as new construction being built by Pulte homes are available.

The Quarry’s full golf membership starts at $45,000, plus annual dues.

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Southwest Florida New Years Celebration

What are your plans for New Years? Are you looking for something to do?  You can’t beat the New Years Fireworks in Downtown Naples. Here’s everything you need to know if you’re going downtown. Continue reading…

If you’re looking for other options for celebrating new years in southwest Florida, check out these suggestions.
Continue Reading…

New Year’s Eve Fireworks
7:30 PM – 8:00 PM
Naples Pier
More Info call (239) 213-1000

December 31st, 2018 Posted by Matt

New Year New Golf Rules for 2019

The USGA has made major changes to Golf Rules which go into effect on Jan. 1, 2019. Several changes are expected to make it easier for players and improve the pace of play. Make sure you’re up to speed before tomorrow!

The USGA has outlined the new Golf Rules for 2019 in detail.

A couple of highlights include:

• Embedded Ball Rule – The rule now applies from tee to green instead of just the fairway
• Lost Ball – You now have 3 minutes instead of 5 minutes to find a lost ball
• Ready Golf – Players are now allowed to play when they are ready instead of waiting for the player farthest from the hole to play
• New Procedure for Dropping a Ball – You now drop the ball from knee height instead of shoulder height
• Repairing Damage on the Putting Green – Tap down those spike marks!
• Unplayable Ball in a Bunker – You can now take relief outside the bunker with a 2 stroke penalty

View all changes…

So before you head out to the golf course, whether it is tomorrow or next spring, make sure you are up to speed on all the golf rules going into effect starting January 1st, 2019!

December 31st, 2018 Posted by Matt

Southwest Florida December Real Estate Sales

Based on the latest Southwest Florida December Real Estate trends for the week of the 8th in the Southern Ft. Myers, Estero and Bonita Springs area, there were 332 properties sold. This is slightly higher than the number of sales from the prior week when 317 units sold.

Similar to the previous week, Bonita Springs led the market with the most real estate sales. There were 145 properties sold compared to 129 homes sold during the week of December 1st.  Southern Fort Myers remained in the second position with 120 properties sold versus 124 the week before.  And, Estero was once again in the third position with 66 real estate transactions which was up from the previous week when there were 60 properties sold.

For the 129 real estate sales in Bonita Springs, 32 percent were condos, 32 percent were vacant lots and 31 percent were single family homes. The remaining transactions were commercial units, mobile homes, and multi-family homes.

Also, of the 120 real estate transactions in South Ft. Myers, 29 percent were condos, 31 percent were vacant lots and 38 percent were single family homes. The other property sales in the area were mobile homes, multi-family units, and commercial units.

Lastly, of the 66 closings in Estero, 23 percent were condos, 33 percent were vacant lots and 42 percent were single family homes. Also, there was 1 commercial unit sold in Estero.

In review, based on the Southwest Florida December real estate transactions report for the week of Dec. 8th, transactions were broken down by the following property types:  119 single family homes, 97 condos, 105 vacant lots, 5 commercial units, 4 mobile homes, and 2 multi-family units sold during the week.

Southwest Florida December Real Estate Sales for the Week of the 8th – Organized by zip code

Bonita Springs

• 34134 – 57 properties sold (1 multi-family unit, 1 commercial unit, 31 vacant lots, 9 single family homes and 15 condos)
• 34135 – 88 properties sold (1 commercial unit, 4 mobile homes, 15 vacant lots, 36 single family homes and 32 condos)

Southern Fort Myers

• 33912 – 26 properties sold (1 commercial unit, 6 single family homes and 19 condos)
• 33913 – 76 properties sold (34 vacant lots, 26 single family homes and 16 condos)
• 33967 – 18 properties sold (1 multi-family unit, 1 mobile home, 3 vacant lots and 13 single family homes)

Estero

• 33928 – 49 properties sold (22 vacant lots, 20 single family homes and 7 condos)
• 33967 – 5 properties sold (4 single family homes and 1 condo)
• 34134 – 3 properties sold (1 commercial unit and 2 condos)
• 34135 – 9 properties sold (4 single family homes and 5 condos)

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24 Hours that Suddenly Improved the Market

What’s the latest with the real estate market? Nationally, we’ve seen a few changes in the past week.

This year (2018) started strong for real estate, but then the market began to soften. Home inventory in the starter and move-up categories dwindled to almost nothing, mortgage rates were projected to rise, and home sales have now decreased for several months in a row. To many, the outlook heading into 2019 appeared dim… at best. …

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Overall, the end of October Naples real estate market report showed strong activity for the week of October 29th. The latest report available shows there were 331 Naples Properties Sold during the week of the 29th which was up 61 percent from the week before when 206 units sold. East Naples moved into the top spot for the week with a total of 82 real estate transactions which was up from 32 homes sold the prior week.  North Naples came in a close second with 70 properties sold compared to 42 the previous week. Next, was the Corkscrew area which showed significant activity for the month with a total of 40 real estate transactions. And finally, the city of Naples had 39 property sales which was up from 25 units sold the week before.

So, of the 82 real estate sales in East Naples, 16 percent were vacant lots, 41 percent were single family homes and 43 percent were condos. Also, in North Naples, of the 70 transactions closed, 23.5 percent were vacant lots, 28.5 percent were condos and 48.5 percent were single family homes. For the Corkscrew area, of the 40 properties closed, 12.5 percent were condos, 40 percent were single family homes and 47.5 percent were vacant lots.  Last but not least, of the 39 sales in the City of Naples, 41 percent were single family homes and 59 percent were condos.

In Summary, a review of the end of October Naples real estate transactions for the week of the 29th show sales were broken down as follows: 138 single family homes, 113 condos, 77 vacant lots and 3 mobile homes sold in Collier County.

End of October Naples Real Estate Transactions Review for Oct. 29th shows transactions by zip code:

City of Naples

• 34102 – 11 properties sold (5 single family home and 6 condos)
• 34103 – 18 properties sold (6 single family homes and 12 condos)
• 34105 – 10 properties sold (5 single family homes and 5 condos)

North Naples

• 34109 – 13 properties sold (8 single family homes and 5 condos)
• 34110 – 19 properties sold (1 vacant lot, 7 single family homes and 11 condos)
• 34119 – 38 properties sold (15 vacant lots, 19 single family homes and 4 condos)

East Naples

• 34104 – 27 properties sold (1 vacant lot, 13 single family homes and 13 condos)
• 34112 – 29 properties sold (9 vacant lots, 6 single family homes and 14 condos)
• 34113 – 26 properties sold (3 vacant lots, 15 single family homes and 8 condos)

Ave Maria and Immokalee

• 34142 – 12 properties sold (9 vacant lots and 3 single family homes)

Barefoot Beach

• 34134 – 3 properties sold (1 single family home and 2 condos)

Big Cypress

• 34117 – 7 properties sold (2 vacant lots and 5 single family homes)

Coco River

• 34108 – 23 properties sold (10 single family homes and 13 condos)

Corkscrew

• 34120 –  40 properties sold (19 vacant lots, 16 single family homes and 5 condos)

Eastern Collier County

• 34114 – 32 properties sold (3 mobile homes, 14 vacant lots, 7 single family homes and 8 condos)

Golden Gate

• 34116 – 6 properties sold (5 single family homes and 1 condo)

Marco Island

• 34145 – 17 properties sold (4 vacant lots, 7 single family homes and 6 condos)

Collier County Real Estate Transactions Week of Oct. 29th 2018

5 Reasons to Resolve to Use a Real Estate Professional in 2019

Should you work with a real estate professional? Whether you’re buying or selling a home, the transaction can be a bit overwhelming. Working with a real estate professional who understands your market can make your life that much easier! Let’s get together to discuss your plans to buy or sell in 2019!

5 Reasons to Use a Real Estate Professional

1. Expert Negotiator
2. Understand today’s real estate values
3. Assist with contracts, disclosures, and inspections
4. Knowledge of current market conditions
5. Experience with the entire sales process

Begin Your Own Property Search:

November 29th, 2018 Posted by Matt

Southwest Florida November 2018 Real Estate Statistics

For November 2018, according to the Estero and Bonita Springs Florida Realtors Associaiton® (BEAR), both single family homes sales and condo sales increased compared to November of last year. Additionally, inventory of condos increased double digits up 14.6 percent compared to November 2018.  Most importantly, the amount of inventory on the market is just over a 6 month supply of homes for sale.  This is considered a balanced and stable market.

Estero and Bonita Springs Florida Single Family Home Statistics – November 2018

November 2018 Single Family Home Highlights:

• Closed sales increased from 73 in November 2018 up to 80 this year which is a 9.6 percent increase
• Pending sales decreased 17.9 percent from 106 down to 87 compared to last November
• Inventory of active listings went up to 614 from 566 which is an 8.5 percent increase versus last year
• Supply of Inventory decreased from 6.6 months down to 6.1 months

Estero and Bonita Springs Florida Condo Statistics – November 2018

November 2018 Condo Highlights:

• Closed sales increased slightly from 60 in November 2018 up to 61 this year which is a 1.7 percent increase
• Pending sales decreased 34.6 percent from 104 down to 68 compared to last November
• Inventory of active listings increased to 577 from 502 which is a 14.9 percent increase versus last year
• Supply of Inventory decreased from 6.7 months down to 6.5 months

If you are considering purchasing a home in Estero or Bonita Springs Florida, the latest real estate statistics reinforce now is a good time to move forward as residential real estate prices continue to remain steady and availability of homes on the market is plentiful as we head into the new year.

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November 27th, 2018 Posted by Matt