Coco Plum in Wyndemere

Coco Plum is one of sixteen neighborhoods within Wyndemere Country Club.  This collection of single-family golf homes have a New England-style exterior architecture.  These homes are often referred to as Golf Cottages.  Their interior is spacious and contemporary.  The majority of golf homes in Coco Plum have a golf course view.  There are a total of 26 homes from 1,900 to 2,500 square feet in this neighborhood.  For more information about Wyndemere click HERE.

Coco Plum in Wyndemere Market Review – Closed Sales (July 1, 2014 – June 30, 2015)

Coco Plum Golf Homes for Sale in Wyndemere Country Club

Other neighborhoods in Wyndemere:

• Amblewood
• Courtside Commons
• Cypress Commons
• Edgewood
• Estates
• Glen Meadow
• Glendevon
• Grasmere
• Mahogany Bend
• Mahogany Run
• Pond Apple Reserve
• Rosemeade
• Villa Floresta
• Villages
• Water Oaks

July 7th, 2015, Posted by Matt

July 7, 2015 Posted by Matt

I think I might have gone a little too far.  I hate to sleep on the couch, how long do you think it’ll be before she let’s me back in?

Investors leave Southwest Florida

Big-money home investors leave Southwest Florida according to a report released by RealyTrac.  This trend of investors leaving the market is consistent with national trends for both single-family and multifamily homes.  Nationwide, investor purchases were at their lowest level since the Irvine, California-based research firm began tracking the metric 15 years ago.  Institutional buyers — defined as those who bought at least 10 properties in a calendar year — purchased 2.4 percent of all residential properties in May, compared with 5 percent in May 2014.

Rising home price have made Southwest Florida less attractive to institutional investors, who typically are looking to scoop up bargain-priced properties, and then hold them for a period of years both for rental income and eventual appreciation. In the Naples-Marco Island metro area, institutional investors bought only one property in May, but 20 during May 2014. In Cape Coral-Fort Myers, sales to big investors dropped to 16 from 104 during the same period. Throughout Florida, they bought 572 homes in May, less than a third of the 1,736 they bought a year earlier.

July 2, 2015 Posted by Matt

July 1, 2015 Posted by Matt

NABOR®’s May 2015 Market Report indicated closed sales for single family homes in the $300,000 to $500,000 price category, while impressive at an increase of 25 percent from 102 single family homes in May 2014 to 127 single family homes in May 2015, was not actually the highest performing price segment. It was closed sales for single family homes in the $1M to $2M price category that experienced the highest increase – 38 percent – from 32 single family homes in May 2014 to 44 single family homes in May 2015. Interestingly, closed sales in the $300,000 to $500,000 condominium market in May were also impressive with an increase of 38 percent from 79 condominiums in the 12-months ending May 2014 to 109 condominiums in the 12-months ending May 2015.

The NABOR® May 2015 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® May 2015 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

• Overall pending sales decreased 11 percent from 1,096 in May 2014 to 977 in May 2015.
• Overall closed sales remained flat for a second month with no increase or decrease reported on a 12-months ending basis.
• Closed sales for single family homes in the $300,000 to $500,000 price category increased 22 percent from 1,075 homes in the 12-months ending May 2014 to 1,316 homes in the 12-months ending May 2015.
• Closed sales for condominiums in the $300,000 to $500,000 price category increased 33 percent from 691 condominiums in the 12-months ending May 2014 to 922 condominiums in the 12-months ending May 2015
• Overall median closed price increased 15 percent from $252,000 in the 12-months ending May 2014 to $289,000 in the 12-months ending May 2015.
• Overall inventory decreased 3 percent from 3,919 homes in May 2014 to 3,800 homes in May 2015.
• Inventory for single-family homes in the under $300,000 price category decreased 34 percent from 465 single-family homes in May 2014 to 307 single-family homes in May 2015.
• Inventory for condominiums in the $2M and above price category increased 83 percent from 30 condominiums in May 2014 to 55 condominiums in May 2015.
• Average days on market decreased 21 percent from 95 days in May 2014 to 75 days in May 2015.
• There is only a 1.85-month supply of homes under $300,000.

VIEW FULL REPORT

July 1, 2015 Posted by Matt

Van Emmerik Custom Homes has completed Talis Park’s largest home.  The custom home is just under 24,000-square-feet.  With about 17,400 square feet of living space, the home features accents, materials and design elements inspired by the homeowners’ extensive world travels, including many water features throughout and surrounding the home. The house has six bedrooms, seven full baths, two half baths and a three-bedroom guesthouse. The 40-by-60-foot swimming pool features a spa and stepping stone walk and tiled beach entry. The home took 21 months to build.  View available properties in Talis Park.

Are you interested in purchasing a home in Talis Park?  Or perhaps another Naples golf community? Let me be your guide!

About Matt Klinowski
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June 30, 2015 Posted by Matt

I really don’t feel well, I truly am a sick golfer. Do you think she’s buying it? Brings back memories of Ferris Buehler’s Day Off!

June 29, 2015 Posted by Matt

Do I Need Perfect Credit to Buy a Home?  The short answer is “no”.  Many first-time home buyers believe that they have to have a perfect credit score and a large down payment.  There are several programs designed for first time home buyers that are available to individuals with poor credit.  Also, you can purchase a home with as little as 3 percent down.

Some Highlights:
•The average FICO score of Approved Conventional Loans was 757 in May
•The average FICO score of Approved FHA Loans was 688 in May
•Since April 2013, the ability of Americans to obtain a mortgage has increased substantially!

June 29, 2015 Posted by Matt

Tight supply of housing means both home prices and rents will increase this year and next according to a economists.  CoreLogic chief economist Frank Nothaft expects national home prices to match the levels they reached at the peak of the housing boon in 2006 by the end of 2017.  Lawrence Yun, chief economist of the National Association of Realtors, expects median home prices to grow 7 percent this year and 4 percent the next.  Chief economist at Zillow, Stan Humphries, quoted May statistics that showed rents rising 4.3 percent year over year.  Home prices rose only 3.3 percent.

June 28, 2015 Posted by Matt

Golf or bowling?  It’s not a good sign if your wife thinks you went bowling instead of golfing when you tell her you shot ninety nine!

Pelican Preserve Golf Course is a gated golf community located in South Fort Myers.  Pelican Preserve is a 55 plus community with both golf homes and golf condos from $150,000 to $499,000.  Previously known as Solana Golf Club, this semi-private club has an 18-hole championship golf course designed by architect Chip Powell.

Learn more about Pelican Preserve Golf Course and the community…

Are you considering purchasing a home in a golf community? Not sure if you should buy in Fort Myers, Estero, Bonita Springs or Estero?  Let me be your guide!

June 28, 2015 Posted by Matt