On June 19th I wrote about the possibility of Collier county commissioners voting in mandatory code inspections for foreclosed homes. You can read about the past post here. Needless to say, there was a standing room only turnout for that meeting with 37 people scheduled to debate the proposed ordinance. Not only were Realtors present but members of the Collier Building Industry Association were there as well.
The good news is the commissioners are allowing NABOR and CBIA to come back in September with a proposed solution because they did not vote in the current proposal.
This should also be considered as a nice little window of opportunity for banks and investors who are dragging their heels about accepting offers on foreclosed properties. I firmly believe some sort of ordinance will pass which will ultimately mean more cost to those banks and investors when selling. Now, they've all been fair warned and have real time to resolve their issues, get those properties moved before the ordinance goes in place. If they still snooze...well...I don't think they're going to get much sympathy now that they this extra time.
The concept behind the ordinance is great...how the ordinance was written and feared to be passed was horrible. You can read more about the details here.
Best Regards,
Your Naples Smart Girl
Big decisions may be determined regarding Clam Bay, the body of water one might describe as the inter-coastal shared between Pelican Bay and Seagate:

While Pelican Bay has been a huge advocate for protecting and preserving the natural sanctuary of Clam Bay and touting tranquil kayaking and canoeing to their members as part of the membership amenities offered through Pelican Bay, the neighboring community, Seagate, has different interests...which are pretty easy to understand after taking a closer look:

Seagate is home to nearly 80 home-sites offering waterfront but really no navigability to the Gulf of Mexico...BUT...
If Seagate gets their wish on Tuesday, not only will those new navigational markers go up but they are also crossing fingers for dredging a four foot deep channel in Outer Clam Bay which could open those waters up and allow those properties to appreciate almost over night since they'll then be able to market and sell those homes as true Gulf access properties. This wouldn't necessarily be a bad thing either considering some of the homes in this little area need some attention.

Seagate isn't the only neighborhood who could benefit. 8 condo and villa communities in Naples Cay may also see some benefit. Those are:
I could be all wrong here but what County Commissioner is going to turn down a project that is going to ultimately bring more tax dollars to the table? We all know when property values go up, taxable dollars go up and in a county where they're trying to creatively figure out how to meet budget demands...
If you're interested in learning more about Pelican Bay, Seagate or Naples Cay, contact me direct!
Best Regards,
Your Naples Smart Girl!
If you're up to speed on Naples real estate you may already know Collier County Commissioners are preparing to vote/pass a mandatory inspection requirement on foreclosed properties. You can read more about the possible Mandatory Inspection Ordinance if you're unfamiliar. Although I don't quite agree with the position the Naples Areal Board of REALTORS holds, I do suggest the commissioners take their time on this possible ordinance.
There's rumors the commissioners may expand the ordinance to include all properties and other alarming attributes. A few concerns I have regarding this issue is the fact that the inspection ordinance will only cover a few points about the property and buyers will mistakenly assume that they're getting a full inspection which is incorrect. The second thing that bothers me is although they may create a few government inspector jobs...with the perceived value of the new inspection they could also be screwing over the other inspectors in the area. The other factor is that they are in no way shape or form prepared to handle the amount of inspections that need to be done which will cause delays and ultimately kill some deals...we really don't need any additional help with that.
There are some good aspects to this possible ordinance if done correctly. First and foremost...we have several lenders, investors and end user sellers who are dragging their feet about getting deals done and while time lapses the condition of the real estate deteriorates. If an ordinace passes with any sort of a grace period...those folks better wake up and wake up fast to get their properties moved or many of them could face additional costs to unload that real estate. I think it's an absolute sin how delayed some of these sales are and it just might put a little gig in their giddy up! :)
I have to admit I do enjoy some of the more astringent ordinances and codes that were passed in Collier County somewhere along the road. It's one of the reasons why our town is as beautiful as it is and why we've been so fortunate to not have the same amount of damage from storms as some of our neighboring areas. Naples has never been the least expensive place to purchase and I seriously doubt it ever will be. I've had lots of potential customers choose other areas for that reason just as I've had a quite a few who purchased in Naples Florida for that reason as well. We are not a "this area fits all" community but we hopefully are a "this area fits you well if you understand the value" community.
If you're interested in attending the commissioners meeting it takes place at 1:30pm on the 3rd floor of the administrative building next to the Court House. If you can't make the meeting you can send your commissioner an email!
Best Regards,
Your Naples Smart Girl!
Naples area schools get an A rating from Florida! This is exciting news for the Collier County school district and the parents who send their kids to school here! Here's the breakdown for Collier County:

In fact there's only one school in Collier County who received a non-passing grade. Eden Park Elementary is located in Immokalee, Florida where 73% of the kids don't even speak English...in fact almost the entire town of Immokalee doesn't speak English. This is where most of the migrant workers from the orange groves etc. work so anything other than a failing grade I would imagine is a COLOSAL achievement! Since we're talking about achievement and Immokalee...Immokalee High received a "D" and Immokalee Middle got a "C"...69% of that school is non-English...that's pretty impressive!
For more information regarding Naples area schools, you can refer to the Collier County School District website. They have great zoning maps there so if you're considering a move to the Naples Florida area, you can check out the school's grade card and then also see what district you want to narrow your search for your home.
If you're more interested in private schooling for your children, you might consider these Naples Florida private schools.
Best Regards,
Your Naples Smart Girl!
(oh...and no, I'm not a byproduct of Naples Florida schools...I grew up in Kansas...ok...enough with the ruby slipper jokes) :)
It's been awhile since you've seen a Pelican Bay Naples Florida real estate update out of me so let's not dally any longer!
There are a whopping 378 active listings in Pelican Bay right now with the lowest priced property currently priced at only $285,000 located in Laurel Oaks at Pelican Bay (that is a steal) and the highest priced property priced at $14,900,000 located in the Strand at Bay Colony
Of the 378 Pelican Bay properties for sale there are:
There are currently 35 Pelican Bay properties pending with the lowest listed priced pending sale property listed at $270,000 (no brainer) located in Glencove at Pelican Bay and the highest priced pending sale rolling in at $5,795,000 in Bay Colony Shores
Of the 35 Pelican Bay properties currently pending there are:
So far this year there have been a total of 105 Pelican Bay Sales with lowest priced sale selling for only $249,999 located in Laurel Oaks at Pelican Bay and the highest priced sale rolling in at a whopping $16,400,000 located in the Strand at Bay Colony once again!
Of the 105 Pelican Bay Sales there are:
Obviously some segments of Pelican Bay are doing better than others with Pelican Bay villas leading the way in sales. In fact there's barely a year of Pelican Bay villa inventory on the market right now! Low rise condos aren't doing bad either but the biggest glut of inventory clearly falls in the high rise product in Pelican Bay.
Sellers: If you're thinking about selling...choose your pricing very carefully. Properties listed over $500,000 are not seeing near the traffic compared to properties priced below $500,000. Be sure your properties are in the best possible condition as well. Pelican Bay properties that are updated, clean and are priced well are clear winners while anything less can sit for a LONG time. Most importantly, if you really don't care if you sell right now, either take your place off the market or wait a bit...
Buyers: Your best negotiation will probably occur in the price ranges above the $500,000 price range but don't expect a heavy discount guarantee. Market times on many of these listings will prove that sellers can and will hold out for their price. There are already some great deal listed but do not expect to realize huge discounts off fair market value and rule but more of an exception.
For more information regarding Pelican Bay, contact me direct!
Best Regards,
Your Naples Smart Girl!
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