Lots of new listings to check out in Naples.
9/4/08
Closed sales: Click Here
9/2/ - 9/3/08
Click Here page 2
Closed sales: Click Here
As always, let me know if you need additional information.
I hope everyone had a great weekend. Here is what happened in the real estate world.
Closed Sales 8/30-9/1/08: Click Here
Closed Sales: Click Here
Sorry for the delay in posting today. Busy day. Things are definitely picking up in Naples. If you're planning on listing your property, even if not until November, give me a call so we can get a head start on advertising. We have a one to two month lag time for major publications.
Open this weekend Sunday 1-4 pm - Downtown Naples: 450 Bayfront Place #5301, 410 Bayfront Place #2404 and 15539 Monterosso Lane #202 in Mediterra.
Thanks for your business - have a great labor day weekend!
Closed Sales: Click Here
This morning, Phil Wood of John R. Wood Realtors, sent an email saying that he was interviewed yesterday and did some research on foreclosures that included Naples/Bonita/Estero. The following statistics were included and I wanted to share them with you.
· Thru July of this year, there have been 3,754 closings in Sunshine (our MLS), in the specified areas. (a few more than our previous stats since some closings have now been added to the system).
· Only 163 of these were foreclosures, which is a very small number as compared to what media reports would lead one to believe. (4.3%)
· 45% of the foreclosures were in Golden Gate City and Golden Gate Estates, so there are only 90 closed foreclosure sales in ALL other areas.
· 84% of the 163 foreclosures sold at $300,000 or less, so it is primarily confined to the lower price ranges.
If I can add my two cents, when I conducted my own research a few weeks ago, I also found that many of the foreclosures were also taking place in what we call condo conversions - another market under $300,000 . This is another good reason to check specific locations within Naples so you get the real buzz on the real estate market. When the media reports, they sometimes use national statistics or lump local statistics together skewing the numbers. You can request information on any Naples geo area by emailing or calling me.
I'll be writing a follow-up blog later about a new federally insured mortgage program that will certainly benefit first time home buyers when they find a bargain in our market
Closed Sales: Click Here
I just spoke at length with an appraiser in the local Naples Florida real estate market and he indicated that "in some local markets" prices have stabilized. More good news to back up the data from the Naples Area Board of Realtors (NABOR). As I have reported in a previous blogs, July 2008 Market Report and Market Rebounding, it appears that, at least in certain geo areas, we have seen prices bottom out. I will report the August market figures once they become available and hope that this trend continues. Stats on specific Naples locations are available upon request.
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