Vasari Country Club Condo Just Listed

This beautiful Vasari Country Club Condo overlooks the golf course and expansive lake.  It is the only first floor unit available in Triestse!!  And, even better, this unit is being sold turnkey furnished. If you are looking for the perfect investment property in a bundled golf community in Bonita Springs, act quick because this one won’t be around long.

Vasari Country Club Condo List Price – $219,000

11081 Corsia Trieste Way #102, Bonita Springs FL 34135

More About This Vasari Country Club Condo:

This fantastic Vasari Country Club Condo has 2 bedrooms and 2 bathrooms under 1,524 square feet and was build in 2013.  Additionally, a new AC system was recently installed.  The unit is move in ready has a brilliant Southern Rear Exposure. Some of the features include tiled floors, walk-in closets, dual sinks in the master bath, breakfast nook, tons of cabinet space, laundry room and screened lanai.

More about Vasari Country Club:

Vasari has a phenomenal clubhouse and an impressive amenity package. The community is home to one of the best bundled courses in town, visually stunning and a course you could “play every day”. The golf course was designed by Gordon Lewis and provides multiple tee boxes catering to any golfer regardless of your skill level. 

In addition to golf, the club offers a wide variety of amenities to support a healthy lifestyle. From golf, to tennis, bocce ball, fitness center or resort style community pool, Vasari’s lifestyle has something for everyone!

More Articles About Southwest Florida Real Estate:

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Bonita Springs Real Estate Update

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A Buyers Market in the Making

Are we in the beginning stages of a buyers market?  Nationwide, we’ve seen buyers pulling back.  At the same time, home prices are on the rise.  In fact, since 2011, the U.S. median home price has risen 55 percent. During the same time period, wages only rose 18 percent.

Additionally, the Federal Reserve has become more aggressive to prevent inflation. They’ve increased short-term interest rates  multiple times over the past year which has resulted in mortgage rates increasing slightly during the past couple of months.  The Fed is expected to continue to raise rates 3 or 4 more times over the next 12 months due to the hot economy. Job openings are at record highs and the number of people applying for unemployment is at historic lows.

Ultimately, as long as the economy remains strong, home sale will continue their upward trend, despite interest rate increases.  And, if you consider the current mortgage rates, they are still at historic lows.

Also, contrary to popular belief, mortgage rate increases don’t always result in a reduction in home sales.  In 1984, 1994 and 1999, interest rates rose approximately two percentage points per year. However, home sales remained flat or increased.

Finally, with home buyers taking more time, existing home inventory has stabilized.  At the same time, new construction homes have increased.  In fact, a recent survey conducted by the National Association of Realtors (NAR), showed 50 percent of consumers feel now is a good time to sell.  Where as two years ago, only 28 percent of consumers felt it was a good time to sell.  And, most home sellers are also home buyers.  As inventory increases, prices will stop increasing and prices may actually start to decrease.

So, if you are considering buying your dream home, it is time to resume your search for your own slice of paradise!

Begin Your Own Property Search:

2 Myths Holding Back Home Buyers

There are a couple of myths floating around about home buyers. Have you been wondering what might be holding buyers back from buying your home? Many individuals think they need to put 20 percent down to buy a home. Others think they have to have a perfect FICO score.  That’s just not true.

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that,

“Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters believe that more than 20% is needed for a down payment and many renters are unaware of low–down payment programs.”

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report:

“Most potential homebuyers are largely unaware that there are low-down payment and no-down payment assistance programs available at the local, state, and federal levels to help eligible borrowers secure an affordable down payment.”  

These numbers do not differ much between non-owners and homeowners. For example, “30% of homeowners and 39% of renters believe that you need more than 20 percent for a down payment.”

While many believe that they need at least 20% down to buy their dream homes, they do not realize that there are programs available which allow them to put down as little as 3%. Many renters may actually be able to enter the housing market sooner than they ever imagined with programs that have emerged allowing less cash out of pocket.

Myth #2: “I Need a 780 FICO® Score or Higher to Buy”

Similar to the down payment, many either don’t know or are misinformed about what FICO® score is necessary to qualify.

Many Americans believe a ‘good’ credit score is 780 or higher.

To help debunk this myth, let’s take a look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans.

As you can see in the chart above, 51.7% of approved mortgages had a credit score of 600-749. This  clearly shows a requirement of a 20 percent down payment is one of those myths which is just not true!

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach.

November 5, 2018 Posted by Matt

October South Florida Weekly Real Estate Report

Based on the latest October South Florida Real Estate Report, for the week of October 13th in the Southern Ft. Myers, Estero and Bonita Springs area, there were 87 properties sold. This is down from 122 properties sold during the prior week.

Unlike the previous week, Bonita Springs led the market with the most real estate sales. In all, there were 34 properties sold, down from 63 the prior week.  Southern Ft. Myers fell to second position with 31 real estate transactions which is the same as the prior week. Estero remained in third position with 22 real estate transactions compared to 28 properties sold the week before.

So, of the 34 properties sold in Bonita Springs, 35 percent were single family homes, 35 percent were condos and 24 percent were vacant lots. The remaining properties sold in Bonita were multi-family units and mobile homes.

Also, of the 31 closings in S. Ft. Myers, 16 percent were condos, 16 percent were vacant lots and 61 percent were single family homes. The remaining South Fort Myers properties sold were multi-family units.

Lastly, Estero finished the week with 22 properties sold. The Estero real estate transactions consisted of 14 percent vacant lots, 27 percent were condos and 59 percent were single family homes.

In review, based on the October South Florida Real Estate Report for the second week of the month, transactions are broken down by the following property types:  44 single family homes, 23 condos, 17 vacant lots, 2 multi-family units and 1 mobile home sold during the week.

October South Florida Real Estate Report – Organized by zip code

Bonita Springs

• 34134 – 7 properties sold (1 multi-family unit, 1 vacant lot, 2 single family homes and 3 condos)
• 34135 – 27 properties sold (1 mobile home, 7 vacant lots, 10 single family homes and 9 condos)

Southern Fort Myers

• 33912 – 10 properties sold (1 vacant lot, 6 single family homes and 3 condos)
• 33913 – 9 properties sold (2 vacant lots, 6 single family homes and 1 condo)
• 33967 – 12 properties sold (1 multi-family unit, 3 vacant lots, 7 single family homes and 1 condo)

Estero

• 33928 – 17 properties sold (3 vacant lots, 11 single family homes and 3 condos)
• 33967 – 1 property sold (1 condo)
• 34134 – 1 property sold (1 condo)
• 34135 – 3 properties sold (2 single family homes and 1 condo)

October South Florida (Lee County) Real Estate Transactions Week of the 13th

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Quail Creek Country Club announces major renovation project

A luxury golf community in Naples, Quail Creek Country Club, announced plans to move forward with a major renovation project designed to enhance the lifestyle of both current and future members.

The $18.5 million capital improvement project was approved by club members in March. Initially, the renovation project will include rebuilding the current clubhouse, tennis and fitness building and cart barn.  The new plans include an 18,000 square Sports Center with a golf shop, tennis shop, a Blue Zone certified fitness center, wellness center and spa.

The club aspires to offer amenities to meet the growing retirement market which is seeking a healthy lifestyle.

The new tennis facility will include 10 tennis courts, four pickleball courts, 3 bocce ball courts and a croquet court.

Additionally, the existing 56,000-square-foot clubhouse at Quail Creek Country Club will also be updated both inside and outside.  In addition to expanding the Greenside Grill, a new Creekside Café will be added to provide food and bevarage concessions to serve golfers making the turn, as well as the bocce ball and croquet players. Finally, a new wine room will be added for a more luxury experience in the private dining area.

Quail Creek CC is home to two Arthur Hills 18-hole championship golf courses which have already undergone extensive renovations over the past six years.

More About Quail Creek Country Club Golf Membership:

Golf Membership is capped at 480 members between the two golf courses which means you will have no problem getting a tee time.  Renovations to the current practice facilities, including the driving range are almost complete.  The golf courses themselves will not be impacted during the renovation project.

The club allows both resident and non-resident memberships. See more about golf club membership fees…

Quail Creek Real Estate:

This Naples Luxury golf community includes single family homes starting at $825,000.

View all available properties for sale in Quail Creek

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Begin Your Own Property Search:

So, if you’re ready to begin your search for your Quail Creek Luxury Home or another Luxury Single Family Home in Naples or perhaps your dream home or condo in SWFL, I encourage you to explore my website to find information about communities in Southwest Florida.  If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area.  If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.

November 3, 2018 Posted by Matt

Are We Heading Towards Another Housing Bubble? NO!

One of the causes of the housing bubble 10 years ago was the increase of housing inventory to a 10-12 month supply. This over supply caused prices to fall. Today we have a 4.4 month supply of homes for sale nationwide, nowhere near the amount we had pre-bubble! Let’s chat about what that means in our market!

Although nationwide the housing market only has a 4.4 month supply of inventory, Naples is actually in a more balanced and healthy state with more inventory than the national average. Most importantly, we are no where near a housing bubble.  However, each community is different.  Contact me today for more information about a specific neighborhood.

More Articles About Southwest Florida Estate:

Naples Golf Guy Monthly Market Report

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Begin Your Own Property Search:

So, if you’re ready to begin your search for your own Luxury Home or another Luxury Single Family Home in Naples or perhaps your dream home or condo in SWFL, I encourage you to explore my website to find information about communities in Southwest Florida.  If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area.  If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.

November 3, 2018 Posted by Matt

The Difference an Hour Will Make This Fall

How many extra homes will be sold due to the extra hour we get back this weekend due to daylight savings?

Lely Resort Luxury Home Price Reduction

This incredible Lely Resort Luxury Home is now available for $50,000 less! A fantastic Luxury Single Family Dream Home is located in one of the most luxurious Naples Golf Communities around.  Nestled within the Classics Plantation Estates, this  home is positioned on a premium lot within the community! Ultimately, this 4 bedroom plus Den home with 4.5 bathrooms offers a luxury lifestyle that is impossible to beat!

7405 Byrons Way, Naples, FL 34113 – $1,149,000 (New Price!)

View Virtual Tour

More About This Lely Resort Luxury Home

This luxury Naples Home in Lely Resort is one of the few Brilliant Riviera II floor plans with a Southwest rear exposure. Most importantly, the fabulous golf course view provides the perfect setting to experience the ultimate luxury lifestyle right in your own home!

Picture yourself on the lanai with sun on the pool and spa all day every day, at the same time, there is plenty of shade to relax in on a huge lanai.

This home features upgraded kitchen cabinets, granite counters throughout and stainless appliances.  Additionally, soaring tray ceilings, tile on the diagonal, three car garage, storm rated windows, pocketing sliders for indoor-outdoor living and walk in shower in the master bathroom.  Also, all bedrooms have their own private bathrooms!  And, this Naples Luxury Home sits on a 1/3 acre providing plenty of space between you and your neighbors. Overall, the floor plan is perfectly laid out to suit your lifestyle. To see this home in person, contact me today!

More about Lely Resort

Lely Resort is conveniently located close to access to Marco Island and downtown 5th Avenue South.  Most notably, this luxury golf community was named Community of the Year in 2017 and offers its residents an amenity package like no other via The Player’s Club.  And, it is one of two clubs in Naples with three championship golf courses! Live like you’re on vacation with two resort style pools and lap pool, Tiki bar and grill, formal dining as well, state of the art exercise facilities, full service spa, pickle ball, bocce ball, 13 Har-tru tennis courts and most other things you could imagine! Oh wait, it’s one of the only communities in Naples with it’s very own dog park! Words can’t describe, but there’s a reason they call it Lely Resort!  Read more about Lely Resort…

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October 29, 2018 Posted by Matt

Southwest Florida October Real Estate Report

Based on the latest Southwest Florida October Real Estate Report, for the week of October 6th in the Southern Ft. Myers, Estero and Bonita Springs area, there were 122 properties sold. This is down from 199 properties sold during the prior week.

Similar to last week, southern Ft. Myers led the market with the most real estate sales. In all, there were 63 properties sold, down from 76 the prior week.  Bonita Springs remained in second position with 31 real estate transactions compared to 62 the prior week. Estero was in third position with 28 real estate transactions compared to 59 properties sold the week before.

So, of the 63 properties sold in South Ft. Myers, 41 percent were single family homes, 11 percent were condos and 43 percent were vacant lots. The remaining properties sold in S. Ft. Myers were agricultural lots and commercial units.

Also, of the 31 closings in Bonita Springs, 26 percent were condos, 16 percent were vacant lots and 48 percent were single family homes. The remaining Bonita properties sold were mobile homes and multi-family units.

Lastly, Estero finished the week with 28 properties sold. The Estero real estate transactions consisted of 21 percent  vacant lots, 25 percent were condos and 46 percent were single family homes. Thus, the remaining transactions in Estero were mobile homes.

In review, based on the October Southwest Florida Real Estate Report for the first week of the month, transactions are broken down by the following property types:  54 single family homes, 22 condos, 38 vacant lots, 3 mobile homes, 2 multi-family units, 2 commercial units and 1 multi-family unit sold during the week.

Southwest October Florida Real Estate Report – Organized by zip code

Bonita Springs

• 34134 – 6 properties sold (5 single family homes and 1 condo)
• 34135 – 25 properties sold (1 mobile home, 2 multi-family units, 5 vacant lots, 10 single family homes and 7 condos)

Southern Fort Myers

• 33912 – 10 properties sold (1 agricultural lot, 1 commercial unit, 2 vacant lots,  3 single family homes and 3 condos)
• 33913 – 39 properties sold (1 commercial unit, 22 vacant lots, 12 single family homes and 4 condos)
• 33967 – 14 properties sold (3 vacant lots and 11 single family homes)

Estero

• 33928 – 18 properties sold (2 mobile homes, 6 vacant lots, 8 single family homes and 2 condos)
• 33967 – 2 properties sold (2 Single Family Homes)
• 34134 – 2 properties sold (2 condos)
• 34135 – 6 properties sold (3 single family homes and 3 condos)

 October Real Estate transactions Week of Oct. 6th 2018

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Don’t Be Spooked by the Real Estate Market

Starting your journey to buy or sell a home can be scary if you aren’t familiar with everything that needs to happen! That’s why you need a trusted advisor to lead you through the whole process. One that will educate you, help you get the best price for your home or make the best offer, and will lead you through the process with confidence! Let’s get together today!

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