Raymond Cabral, GRI

Newsletter

NAPLES TOTAL PENDING SALES INCREASE 47 PERCENT

July 2010 - The Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island), issued findings recently indicating that all locations within the greater Naples area experienced significant increases in both pending and closed sales in the month of May 2010.

"It's no wonder that May's activity was so strong. The whole year has been strong, at least for our company," said Mike Hughes, General Manager and Vice President of Downing-Frye Realty, Inc. "We had well over 3,000 showings booked through our receptionists during May and we've averaged nine closings a day for the last five months. We haven't seen activity like this since the 2004-2005 bubble years."

All geographic areas of Naples experienced an increase in pending and overall sales for the 12-month period from April 2009 through May 2010 as compared to the previous 12-month period. Ranging from a 33 percent increase in East Naples to a 56 percent increase in South Naples, overall pending sales for the most recent 12-month period increased by an average of 47 percent. (Closed sales alone accounted for a 48 percent increase with 8,152 closed sales compared to 5,495 closed sales for the previous 12-month period.)

During May 2010, the number of overall pending sales increased nine percent to 887 contracts compared to 812 contracts for May 2009.

Single-family pending sales for May 2010 increased by 10 percent compared to 433 contracts in May 2009.

Closed sales of condominiums in Naples increased by 25 percent in May 2010 compared with 318 closed sales in May 2009. Pending sales of condominiums for the 12-month period ending May 2010 priced under $300,000 increased by 69 percent with 3,573 contracts compared to 2,117 contracts for the previous 12-month period.

The available inventory of single-family and condominiums decreased by 10 percent to 9,006 listings in May 2010 compared to 10,046 listings during the same month last year.

Source: Naples Area Board of REALTORS®

BONITA SPRINGS - ESTERO:

SINGLE-FAMILY LUXURY HOME SALES STRONG

The Bonita Springs and Estero real estate markets saw less listings and less sales in May 2010. There were 191 single-family homes that came on the market (similar to the previous month), but there were only 78 closed sales (down 25 percent from the previous month.)

There were 206 condominiums listed in May 2010 compared with 302 listed in January 2010. Condominium closed sales showed their lowest unit numbers in May 2010 with 84 closed sales compared to 74 for the previous month.

Closed sales of single-family homes priced under $200,000 remained consistent with 43 closed sales, compared with 49 closed sales for each of the previous two months. Closed sales of condominiums priced under $200,000 were less than previous months with 64 closed sales compared with 104 and 99 closed sales for April and March 2010.

At the other end of the market in the million-plus price range, there was one condominium closed sale compared with three closed sales in April and three in March. Single-family homes in the million-plus price range continued to sell with nine closed sales in April 2010 for a total of 34 million dollar-plus single-family closed sales year-to-date.

Communities that experienced the most luxury sales were the Brooks, West Bay Club, Palmira and along Bonita Beach. The average million dollar-plus sale was $1,438,500.

Source: The Bonita Springs-Estero Assoc. of REALTORS®

JULY 2010

How investors can use real estate to rebuild their portfolio

By Raymond Cabral, Realtor
Downing Fyre Realty, Inc.

Naples Florida - A new report has just been released detailing two ways investors can leverage one in-expensive income property into long-term savings or monthly income. A common mistake investors make with real estate is investing for appreciation. Appreciation isn't guaranteed, as we have found over the last few years.
However, if investors invest for with a long-term perspective and focus on cash-flow, they can easily setup their own automatic investment fund. In this new report, you'll learn exactly how to turn one home into an automatic savings machine for your family.

Investors have an incredible opportunity to pick up amazing income properties below value. More importantly, interest rates are at a 40-year low. Just one income property can yield $500 a month of positive cash-flow, if not more. The best part of the strategy revealed in this new report is that it's automatic income.
To have this new report shipped to you, call 239-293-8571 or visit www.naplespropertylist.com Please note this report is only available while supplies last.

The credit for the FTHB thru the Federal government might be over. But in the State of Florida this program is alive and helping families buy their first home. This program offers a 30-years fixed low interest rate mortgage loan to FTHB through a network of participating lenders. And check this out if you're not a First Time Homebuyer, you may still be able to qualify for this program if you're buying a home in a Go zone county. These are 13 counties throughout South Florida that have been designated targeted area by the Federal Government. To qualify for this program the person or persons must also, complete a 6-8 hours face to face homebuyer education program and have a minimun of 600 FICO score.

The First Mortgage Income limits: It varies according to the county you live in, examples in Collier county the current maximun household incomes is 1-2 person HH $ 84,960.00 3+ person HH is $99,120.00. Also, in collier/Naples area the current sales price limit is $ 567,364 allowing a potential buyers to purchase a house in the high end market.

This program also offer a down payment assistance in conjunction with FTHB program. The florida Housing program offer two dowm payment closing cost assistance. The Florida Assist can offer up to $ 7,500 in assistance. the second program the Homeownership Assistance For Moderate Income loan (HAMI) offer buyers up to $5,000 to assist with down payment and closing cost.

This tax credit is still available for members of the Military and other Federal employees that have served outside of the US for 90 days or more anytime from December 2008 to May 2010. Very few people and Realtors realize this. The IRS Says: • Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual's spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.

Heritage Bay Real Estate

Heritage Bay is located on 718 acres bounded on the south by two huge quarry lakes, on the north and west by an 1800 acre Cypress preserve and on the East by a premier 36 hole stand alone course (Bonita Bay East). The entry bridge spans the two quarry lakes and the turn to the clubhouse is marked by a huge water feature. The golf course is absolutely one of the most beautiful in the area with ample landing areas for occasional players and strategic hazards in place for the lower handicap player. The greens are large and undulating, averaging 7,000 square feet and with Eagle grass offer the best putting surfaces.
With the course architecture, course condition, landscaping and the topography, Heritage Bay is one of the most desired places to play in the area. The clubhouse was completed in April '09 and this magnificent facility adds to the amenity package with pro shop and administrative office, grille room, card room, billiards, full locker rooms with sauna and fine dining room. The tennis facility, fitness, resort pool and Chikee bar restaurant gives the community a full service operation. Here is a list of what happening in Heritage Bay Golf & Country Club

26- ACTIVE LISTINGS 4 ACTIVE BANK OWNED PROPERTIES

11 ACTIVE W/ CONTINGENCY

7 PENDING

RECENT SALES 2009

Price Address BR BA L/area year date

	$127,500	10285 HERITAGE BAY BLVD, #815	TERRACE	2 Bed	2	0	1,194	2006	11/4/2009
	$176,000	10317 HERITAGE BAY BLVD, #1418	HERITAGE BAY	2+Den	2	0	1,408	2008	11/16/2009
	$275,000	10490 SMOKEHOUSE BAY DR, #102	HERITAGE BAY	3 Bed	2	0	1,883	2007	11/19/2009
	$275,000	10494 SMOKEHOUSE BAY, #101	COACH HOMES AT HERITAGE BAY	3 Bed	2	0	1,883	2008	11/20/2009
	$150,000	10285 HERITAGE BAY BLVD, #831	HERITAGE BAY	2+Den	2	0	1,408	2006	12/14 /2009

Raymond Cabral, Realtor^®, GRI, MPA

DOWNING-FRYE REALTY

Property Marketing Expert^®

Cell: 239-293-8571
www.NaplesPropertyList.com
raymond@naplespropertylist.com