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Archive for November, 2012

Another reason that NOW is the time to buy. Not only is inventory very low, now Naples Florida has been selected in the top 10 “Best Real Estate Housing Markets”.

Online real estate and news provider, Housing Predictor, has just released its Best Real Estate Housing Markets Through 2016 report. The 10 cities on this report  are projected by Housing Predictor to have the highest probability of appreciating the most for all cities in the nation through 2016.  Naples, Florida makes the list at #8.

Best Housing Markets Next 5 years
   Rank    City   Forecast
Appreciation
    1.    Miami, FL      18.7%
    2.    San Francisco, CA      15.9%
    3.    Los Altos, CA      15.5%
    4.    Seattle, WA      14.9%
    5.    Medford, OR      13.9%
    6.    Eugene, OR      12.8%
    7.    Napa, CA      12.7%
    8.    Naples, FL      12.5%
    9.    Austin, TX      11.6%
  10.    Tucson, AZ      10.5%

See full article from Housing Predictor here

Thinking about buying or selling in Naples, FL contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

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Sourced from KCMBlog

Thinking about buying or selling in Naples, FL contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

 

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The Talis Park Golf Club

Opened: 2004
Par/Holes: 72/18
Course Length: 7025
Course Rating: 75
Course Slope: 140
Architect: Pete Dye and Greg Norman
Private Club
Gated Entrance
Golfing Country Club
Membership Fees
Golf Fee: $35,000
Golf Dues: $9,540

Once called Tuscany Reserve is now being branded as Talis Park.

Golf Digest ranked Talis Park Golf Course number 2 in all of Naples, FL.

Designed by Greg Norman and Pete Dye, the acclaimed course is one of only two in the world created by this distinguished partnership.

Ranked by Golf Digest as one of Florida’s top twenty courses, and praised for its  flawlessly designed SeaDwarf® Paspalum fairways and greens, the Talis Park course is universally regarded as one of the nation’s premier golf experiences

For more info on Talis Park Real Estate contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

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Trends: More cash sales, shrinking time on the market.

Recently at the 2012 Realtors Conference and Expo, speaker Lawrence Yun, chief economist of the National Association of Realtors (NAR)  said “tremendous increase in cash buyers since the housing downturn that we haven’t seen before in history”.

The typical amount of time is now shrinking to sell a home changing dynamics of today’s home buyers and sellers. Cash home purchases were less than 10 percent of the market, but they’ve increased steadily since 2008 – up to 30 percent of sales.

Yun said the increase in cash buyers results from tight lending conditions and an increase in investor sales, which make up the bulk of cash purchases. Increases in the number of international buyers, who often have financing difficulties when purchasing a home in the U.S., are also adding to the cash sale rise; 62 percent of international purchases were all cash, a percentage that has increased since 2007.

A large portion of buyers may also be the downsizing boomers who may have enough equity left from their home sale to pay all cash for their next purchase. Yun also noted that one in 10 buyers rely on proceeds from the sale of stocks or 401K disbursements for down payments. Those with stable jobs and who had investment gains in recent years may use those cash funds to buy a home outright rather than financing the purchase.
“Many of those sales are occurring within the first 60 days that the home is on the market, and more than half sold within the first 120 days.”

I suspect our season in Naples 2013 will be a very good selling season-already our inventory is lower than expected and home prices are gaining momentum, Cash is King!

Call for the opportunity of listing your home in Naples now – get ready for season, call me your real estate Trusted Advisor; at 239 216-1388, call Judy V. Richardson, of the Gold Team. 

For more information about Naples Real Estate Market contact Judy or Dennis
www.JudySellNaples.com | Judy@JudySellsNaples.com

 

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Bonita Isles, new homes coming to  Bonita Springs, Florida a planned community of 220 single family homes and paired villas is presently under construction by the Canadian builder Minto Communities LLC., Bonita Isles will be a gated community with two large lakes and preserves. Homes will be energy-efficient and include high ceilings, granite counter tops and other value added features.

Homes will start in the low $200,000s at first and will top out about $350,000. Reservations are not being taken yet, but you can call me and put yourself on a list of folks looking to be among the first to receive their buyer’s packages. Please give me a call at 239-216-1388 or email me at jrichrdson@johnrwood.com.

Yesterday I took several pictures of the construction site and will constantly keep you posted  as the construction continues.

For more information about Naples Real Estate Market contact Judy or Dennis
www.JudySellNaples.com | Judy@JudySellsNaples.com

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Naples_Florida_Neighboorhood_Graph

Each month, John R. Wood Realtors publishes their Neighborhood Snapshot Report which shows the number of closed sales over the last 12 months, as well as the available inventory in some of Naples’ and Bonita Springs’ most popular neighborhoods.  This report is divided by single-family homes and condominiums, and gives residents insight into how active their neighborhood is, as well as surrounding neighborhoods.

The latest report dated November 1, 2012 shows that single-family home and condominium inventories have increased slightly in many neighborhoods. This may be due to winter residents listing their homes upon their arrival back into the market. However, there are some key neighborhoods still experiencing low inventory for single-family homes, such as Aqualane Shores, Barefoot Beach, Mediterra, Pelican Bay, Port Royal and The Vineyards. For condominiums, inventory has decreased in Grey Oaks, Mediterra, Pelican Landing at The Colony, and Pine Ridge.

Closings for the past 12 months have increased in several neighborhoods in the Naples, Bonita Springs and Estero Market areas. For single-family homes, closings have increased in Aqualane Shores, The Brooks, Coquina Sands Non-Waterfront/Park Shore/Moorings/Seagate areas, The Crossings, Grey Oaks, Kensington, Lely Resort, Palmira, Pelican Sound, Pine Ridge, Port Royal and The Vineyards. For condominium closings in the past 12 months, Barefoot Beach, Bonita Bay, The Brooks, Coquina Sands Non-Waterfront and Waterfront/Park Shore/Moorings/Seagate areas, Mediterra, Palmira, Pelican Bay, Pelican Landing at The Colony, Pine Ridge, Tiburon and The Vineyards have seen increases as well.

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FHA Revises Condo Rules; Potential good news for the Naples, Bonita Springs, and Estero area in Southwest Florida, an area with thousands of condominiums, is that FHA on September 13, has eased new guidelines that eases its rules for condo financing, as reported by an article in the National Association of Realtors by Robert Freedman. Several of the announced financing changes included that single investors could buy up to half the units in a project, up from 10 percent previously.

Other changes touch on delinquent home owner association dues and condo board certification. The FHA says it will OK loans on projects in which 15 percent of the home owners are 60 days late on their HOA dues. That represents an easing from the previous 30-day delinquency limit.

In Southwest Florida we have many condominiums that are held as short-term vacation rentals, which under present FHA rules the complex must have at least half the units be owner-occupied. National Association of Realtors, analysts say these rules may also be eased come early next year. In our area here condo financing rules are the No.1 complaint for getting properties sold.

All cash condominium purchases have been the major type of purchase in the Naples area. Speaking with a mortgage company here in town I was told that although these changes may help on some of the condominium communities it takes several weeks to receive a FHA approval, as much as 6 weeks; so this needs to be taken into consideration when making the offer. Each FHA offer must also include a questionnaire from the condominium management company which has a cost of $100 -$250 range paid by the Buyer usually.

For a up to date list of condominiums in the Naples area give Judy or Dennis a call.  (Call Judy at 239-216-1388)

For more information about Naples Real Estate Market contact Judy or Dennis
www.JudySellNaples.com | Judy@JudySellsNaples.com

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