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Natalie Kirstein

Marco Island: Best Sales in 6 Years for Third Quarter


Car Carrier Season Jump Starts Real Estate
This is the time of year in Southwest Florida, known as "fall" to many around the country, but affectionately termed "Car Carrier Season" in Southwest Florida. As the weather deteriorates from a brutally hot summer into cold and rain in many parts up north, we see many Northerners transition to the Florida sunshine. That transition brings with it many friends and family members interested in the Florida lifestyle especially for the following reasons.
  • The wonderful Florida lifestyle offers sunshine, beaches, boating, golfing, and other outdoor activities which can all be enjoyed without the need for winter jackets in the winter months.
  • For those able to capitalize on Florida's no state income tax rule, they start the transition for the six months and a day requirement around this time of year. For more information on how to establish residency in Florida and escape state income taxes, don't hesitate to contact me for some resources.
  • Uncertainty in the stock market and European markets has some investment publications writing that now is the time to invest in real estate. In certain market segments, the market trends support the talk that Buyers are actually buying, not just looking. Of course, there is "hyperlocalism" in today's market; therefore, one market or community might be stronger than another.
Marco Island

On Marco Island, we are experiencing overall improvement in the market.Consider the charts which show the following:

·Third quarter of 2011 is comparable in closed sales to the third quarter of 2005.

·Inventory levels for first quarter of 2005 and third quarter 2011 are comparable.

We anticipate further improvements to the inventory levels and sales with the upcoming season.

Marco Island Quarterly SALES Trends
Marco Island Quarterly Sales Trends
Marco Island Quarterly Sales Trends
Quarterly Inventory Trends
Quarterly Inventory Trends
Quarterly Inventory Trends
Marco Island - Single Family Homes

On Marco Island, Cindy Carroll, Carroll & Carroll Appraisers, did a recent presentation to a group of Realtors at one of my listings.Below reflects the market statistics for September 2010 to September 2011 for single family homes on Marco Island.

Properties for Sale

Pending Sales

Closed Sales

Inland Homes

86

19

105

Water Indirect Homes

111

28

132

Water Direct Homes

152

17

126

Note: Data taken from Cindy Carroll's presentation "Market Statistics As A Reflection of Supply and Demand."

At that presentation, Ms. Carroll stated that water indirect and inland homes are showing a "balanced" market.This means that Closed Sales for the past year are the same or higher than the amount of properties currently for sale.In a "balanced" market, the historical trends show that you should not experience any further price depreciation and possibly experience some price appreciation. For water direct homes, the market is nearing a "balanced" market.

Naples, Bonita, & Estero Market Update
Closed sales units for the third quarter increased slightly over the third quarter 2010. Closed sales above $2,000,000 remained strong and posted a 26% increase over third quarter 2010.

Inventory is down in every price segment for both condominiums and homes, with the exception of condominiums priced above $5,000,000, which is level with the third quarter 2010. The largest decrease occurred in condominiums priced between $2,000,000 and $5,000,000, which decreased by 27%, and homes priced above $5,000,000, which posted a 24% decline.

For more detailed information, reference the following link:
Overall Positive News in Real Estate

While the overall news is positive for the real estate market, the current market conditions show "hyperlocalism" which means there are different aspects which are much stronger than other areas. This means sales may differ within "stacks" in a condominium, product type in a community, and/or price points.

Before embarking on a real estate transaction, be sure to find a Realtor knowledgeable about how different factors impact your property search or sale.

Information for your consideration

Click Here for Natalie's Featured Listings

Recommendation by Natalie's Customer

Natalie demonstrated a superb knowledge of the local real estate market; and via e-mail, fax, and phone calls, she provided us with market comparisons and kept us abreast of activities regarding marketing, open houses, and interest in the home in the Estates of Marco Island. Natalie was "hands on" with every aspect from listing the home over the Labor Day weekend to the closing during the second week of December. Because of her honesty, personal integrity, and expertise, we highly recommend Natalie Kirstein to anyone who is in the market to buy or sell property in the Marco area.

Dr. and Mrs. James Jarman, Murfreesboro, TN

John R. Wood Realtors is selling the priciest homes in Southwest Florida -

John R. Wood REALTORS
Consistently Ranks as one of the Top Real Estate Companies in the U.S. & Southwest Florida!
E-mail: NKirstein@JohnRWood.com Direct: 239-784-0491

For your comprehensive property search on Marco Island and Naples,
click on the following link:
www.MarcoIslandNaplesProperties.com
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Belize at Cape Marco - Market Update

Buyers in Belize at Cape Marco enjoy the stunning views out to the pristine 10,000 islands and possible views of Marco’s crescent shaped beach, all from this luxury condominium with one of the most beautiful lobbies located in Southwest Florida. Owners enjoy all of its world class amenities from the beach access, guest suites, media room, exquisite social rooms, tennis facility, to its gated, secured perimeter.

This quality condominium located in desirable Cape Marco is experiencing increased sales and decreased inventory. At a time when the news is reporting increased activity in the luxury real estate market overall and increased sales reported in Belize, this high-end condominium offers a great opportunity for continued growth as Marco Island's real estate season heats up.

Annual Closed Sales

11/1/09 to 11/1/10

6

9/19/10 to 9/19/11

9

Belize at Cape Marco - 2011 Closed Sales

The floors located in the 10th+ floor height, are highlighted in yellow to indicate the increased activity experienced at the higher floor heights.

Apt No

Bed

Total
Baths

SqFt
AC

List $

Sale $

Sell Dt

403

3

3

2,680

$1,180,000

$1,000,000

07/14/2011

1902

3

3

2,678

$1,299,900

$1,200,000

02/14/2011

706

3

3.1

3,603

$1,300,000

$1,350,000

01/05/2011

1908

4

4

4,020

$1,525,000

$1,425,000

09/09/2011

607

3

3.1

3,844

$1,595,000

$1,437,500

04/06/2011

1806

3

3.1

3,600

$1,629,000

$1,500,000

11/29/2010

2106

3

3.1

3,603

$1,799,000

$1,550,000

06/01/2011

1808

4

4

4,028

$2,250,000

$1,800,000

10/08/2010

2504

4

5.2

9,279

$4,500,000

$3,575,000

01/13/2011

Natalie Kirstein

Realtor, MBA, 2010 Platinum Sales Award – John R. Wood Realtors

“The Realtor who is Recommended by her Customers!”
Phone: (239)784-0491

E-mail: NKirstein@JohnRWood.com

Website: www.MarcoIslandNaplesProperties.com

Fiddler's Creek - Out of Bankrupcy to Doubled Sales & Growing

The Naples Daily News along with the community of Fiddler's Creek have been closely following the status of this luxury lifestyle community. This lushly landscaped, highly amenitized community, located close to Marco Island, and a short distance from Naples Fifth Avenue, has undergone several years of turmoil with its bankruptcy filing. Today, this community transforms in the news with the following:

1.Naples Daily News Article on June 29th, 2011, titled "Bankruptcy judge approves Fiddler's Creek reorganization plan."

2.Naples Daily News Article on September 16th, 2011, titled "Federal bankruptcy judge approves Chapter 11 reorganization plans for Fiddler's Creek."

Look at the positive changes that have started to occur in Fiddler's Creek since its bankruptcy approval:

· Closed Sales - 7/1/11 to 9/26/11: 25

    • Selling price range from $120,000 to $880,000

· Closed Sales - 7/1/10 to 9/26/10: 12

    • Selling price range from $120,000 to $762,000

· Closed sales have doubled in a year over year sales comparison.

· Pending Sales/Under Contract: 33

    • List price range from $129,000 to $1,277,7777

· Pending Sales/Under Contract at this time is close to the 35 closed sales in this community for 7/1/05 to 9/26/05.

For more information on the properties for sale in Fiddler’s Creek, contact Natalie Kirstein, 239-784-0491, NKirstein@JohnRWood.com, or go to www.MarcoIslandNaplesProperties.com.

Natalie Kirstein

Realtor, 2010 Platinum Sales Award - John R. Wood Realtors

“The Realtor who is Recommended by her Customers!”

(239)784-0491 Direct
(239)280-2229 Fax

E-mail: NKirstein@JohnRWood.com

www.MarcoIslandNaplesProperties.com

Marco Island Real Estate: Madeira Market Update

Madeira - Pristine Beach and Elegant Poolside

Madeira on Marco Island

As we experience an uptick in the high-end market, Madeira the newest luxury, beachfront condominium to grace Marco Island's pristine beachfront, is reporting strong sales in 2011.

This luxury condominium boasts European elegance, the convenience of the Marriott Resort & Spa, and world class amenities.

Contact Natalie Kirstein for questions on Marco Island's beautiful beachfront or waterfront!

Phone: 239-784-0491 NKirstein@JohnRWood.com

For your extensive property search: www.MarcoIslandNaplesProperties.com

Closed Sales: 1/1/11 to 6/23/11

Apt No

Bed

Total
Baths

List $

Sale $

Sell Dt

206

2

2.1

$1,250,000

$1,150,000

02/10/2011

907

2

2.1

$1,450,000

$1,381,000

04/18/2011

708

3

3.1

$1,495,000

$1,375,000

05/06/2011

908

3

3.1

$1,900,000

$1,800,000

04/06/2011

602

3

3.1

$2,099,000

$1,800,000

02/11/2011

1005

3

3.1

$2,150,000

$1,800,000

02/08/2011

804

3

3.1

$2,499,000

$2,200,000

02/07/2011

1106

4

4.1

$3,495,000

$2,900,000

04/05/2011

Pending Sale/Under Contract -Madeira #706 - $1,299,000

For more information on Madeira on Marco Island or other properties on Marco Island, contact Natalie Kirstein, (239) 784-0491, NKirstein@JohnRWood.com, www.MarcoIslandNaplesProperties.com

Madeira photo provided by Advanced Photography.

Marco Island Real Estate: Veracruz at Cape Marco Update

Sales are showing improvement for beachfront condominiums and, more specifically, for high-end condominiums in Cape Marco and Madeira. Consider the following year over year sales comparisons:

  • For beachfront condominiums - YTD 2011 the best sales report since 2006.
  • For Cape Marco and Madeira - YTD 2011 the best sales report in 5 years.

Note: YTD = Year-to-date

Year over Year Comparisons for the time period of 1/1 to 6/23.

Currently, there are 5 pending sales (under contract).

  • Veracruz 2201 - List Price $3,050,000
  • Belize 1908 - List Price $1,525,000
  • Madeira 706 - List Price $1,299,000
  • Belize 403 - List Price $1,180,000
  • Monterrey 1103 - List Price $745,000

As we approach the 4th of July holiday, we look forward to increased showing activity and more pending sales.

Contact the "Realtor Recommended by her Customers" for all of your real estate needs.

Natalie Kirstein, 2010 Platinum Sales Award - John R. Wood Realtors

Veracruz at Cape Marco Update - Closed Sales - 1/1/11 - 6/23/11

Apt No

Bed

Total
Baths

List $

Sale $

Sell Dt

805

3

3.1

$1,400,000

$1,175,000

03/31/2011

1504

3

3.1

$1,549,000

$1,400,000

01/12/2011

2304

3

3.1

$1,575,000

$1,325,000

02/22/2011

1703

4

4

$1,949,000

$1,750,000

03/09/2011

1502

4

4

$1,995,000

$1,800,000

03/02/2011

501

4

4.1

$1,999,999

$1,700,000

03/14/2011

2102

4

4

$2,199,000

$1,885,000

02/18/2011

2303

4

4

$2,295,000

$2,000,000

01/28/2011

Pending Sale/Under Contract - Veracruz 2201 - $3,050,000

John R. Wood REALTORS

Consistently Ranks as one of the Top Real Estate Companies in the U.S. & Southwest Florida!

E-mail: NKirstein@JohnRWood.com Direct: 239-784-0491

For your comprehensive property search on Marco Island and Naples, click on the following link:
www.MarcoIslandNaplesProperties.com