Tuesday, July 31, 2018

Let's Talk... Hot Off the Press!!!

The Highlights is an exclusive monthly series from SunTrust Mortgage, Inc., 
dedicated to providing you with breaking industry news, trends and other 
helpful tips for your business and clients! If there's ever a topic you'd like 
to discuss further, just reach out to your dedicated Loan Officer.
Owning a home is part of the American dream and is an exciting time 
for your clients. But as your clients are preparing to get the keys to 
their new home, hackers and cyber thieves are looking to turn your 
clients dream into a nightmare. Wire fraud scams are a growing problem 
that can cost your clients a huge financial loss.
According to American Land Title Association, here are some best 
practices to help protect your clients:
Call, don’t email: Ask your clients to confirm all wiring instructions 
by phone before transferring funds. Use the phone number from the 
title company’s website or a business card.
Be suspicious: It’s not common for title companies to change wiring 
instructions and payment information.
Confirm it all: Ask the recipient to confirm not just the account 
number but also the name on the account before sending a wire.
Verify immediately: Have your client call you or the title company 
to validate that the funds were received. If your client detects that 
the money was sent to the wrong account within 24 hours, it gives 
them the best chance of recovering their money.
Forward, don’t reply: When responding to an email, hit forward 
instead of reply and then start typing in the person’s email address. 
Criminals use email addresses that are very similar to the real one for 
a company. By typing in email addresses makes it easier to discover if 
someone is trying to commit fraud.
If your client feels like they have been a victim of wire fraud, have 
them call their bank immediately and issue a recall notice for the wire 
transfer and report the crime to www.IC3.gov.
For more information, contact me today.
Steve Somsen
Mortgage Loan Officer
NMLSR# 657351
SunTrust Mortgage, Inc.

Wednesday, July 18, 2018

Let's Talk Hot Off the Press...
Luxury Home Sales Lead to a Strong Second Quarter Finish

Naples, Fla. (July 13, 2018) - Activity in the Naples area 

housing market during the Second Quarter of 2018 remained 
steady in comparison to activity during the Second Quarter 
of 2017. 
According to the 2Q 2018 Market Report released by the Naples 
Area Board of REALTORS® (NABOR®), which tracks home listings 
and sales within Collier County (excluding Marco Island), overall 
closed sales increased 2 percent to 2,926 properties in the 2Q of 2018 
from 2,880 in the 2Q of 2017. But in the $2 million and above single-family 
home market, closed sales rose 25 percent in the 2Q of 2018, which-along 
with other market indicators-leads many broker analysts to believe that 
interest in luxury homes will remain in high demand.

Available inventory at the end of the 2Q of 2018 was 5,165 properties, 
just 24 units behind the inventory level at the end of the 2Q of 2017 (
5,189 properties). "This tells me that homes are coming onto the market 
at the same rate we are selling them," said Mike Hughes, Vice President 
and General Manager for Downing-Frye Realty, Inc. 

Inventory rose 15 percent in the $2 million and above condominium 
market during the 2Q of 2018, which may be a factor in the uptick of 
pending sales in the luxury condominium market as it rose 32 percent 
during the 2Q of 2018. 

"Inventory in other parts of the state and nation are stretched thin, 
hovering between 3 and 4 months of inventory, but Naples enjoys almost 
7 months of inventory," said Budge Huskey, President, Premier Sotheby's 
International Realty. "What's even more impressive is that we have such a 
great selection of homes for buyers despite the recent increase in sales 
and still having some undergoing repairs from Hurricane Irma."

"We are seeing a very different sales environment locally from that 
of 10 years ago when home sales in northern states stalled," said 
Coco Amar, a managing broker at John R. Wood Properties. "But now 
that homes are moving fast up north, sales of high-end single-family 
homes in Naples are stronger than ever." 

"It's hard to ignore the increase in interest for ultra-luxury properties," 
said Huskey. "A $48.8 million sale for a home in Naples is impressive, but 
when you learn there was a second potential buyer who was considering 
the property you know what type of buyers are in the market." 

According to Adam Vellano, West Coast Sales Manager, BEX Realty - 
Florida, there were four property sales over $10 million during the 2Q. 
"It's possible the new tax laws are impacting people's minds about residency 
and we're benefiting from it."

Brokers analyzing the market report agreed that multiple offers on luxury 
properties have risen. But whatever factor(s) is driving the increased interest, 
closed sales of luxury homes over $2 million are positioned to rise again as 
the stage has been set in the 2Q where pending sales in this price category 
increased 22 percent for single-family homes and 32 percent for condominiums.

The NABOR® Second Quarter 2018 Market Report provides comparisons 
of single-family home and condominium sales (via the Southwest Florida MLS), 
price ranges, and geographic segmentation and includes an overall market summary. 
The NABOR® Second Quarter 2018 sales statistics are presented in chart format, 
including these overall (single-family and condominium) findings: 

View 2Q Market Statistics

The real estate market's stability during the 2Q also extended to its 
median closed prices which increased only 1 percent to $345,000 in
the 2Q of 2018 from $340,000 in the 2Q of 2017. However, despite 
increased sales in nearly every price category for properties priced 
above $300,000 during the 2Q of 2018, the median closed prices for 
properties above $300,000 decreased 5 percent! 
As pointed out by Vellano, sales of single-family homes near Naples 
Beach and in the expanding North Naples area saw the greatest increase 
during the 2Q, and condominium sales in Central Naples outpaced all 
other home type sales during the 2Q. "According to the report, we 
averaged 30 transactions a day during the 2Q," said Vellano. "That's 
good news for REALTORS® as we move into the summer months."
As always if you are looking for additional information please 
feel free to contact me by e-mail or by calling 239.404.7787.
I am looking forward to working with you!

Michelle J. DeNomme, REALTOR, GRI
Cellular Phone I  239.404.7787
Berkshire Hathaway HomeServices Florida Realty
Office: 239.659.2400
E-Fax Number: 239.236.5550
Website:  www.NaplesHomeSweetHome.com        
Twitter: DeNommeRealtor

Office Address: 621 Fifth Avenue South Naples, Florida 34102

Member Of Naples Board Of REALTORS 
Member Of Florida REALTORS 
Member Of National Association Of REALTORS 
Graduate Of REALTOR Institute (GRI)

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 6,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

Saturday, June 2, 2018

The Best Donuts in Every State

                   The Best of the Best in Naples, Florida is... 
             Trackside Donuts and Cafe
Map of United States with Donuts
June 1st may have beenNational Donut Day!
The Full Story...   The Best Donuts in Every State http://www.travelandleisure.com/food-drink/best-donuts-in-every-stateutm_source=twitter.com&utm_medium=social&utm_campaign=social-button-sharing via @TravelLeisure 
Photo Illustration by Mariah Tyler 
(Images via Getty Images) 
Alabama: The Donut King, Eufaula
Arizona: Novel Ice Cream, Phoenix
Arkansas: Mark's DO-Nut Shop, North Little Rock
California: BJ Cinnamon, Folsom
Colorado: Sweet Coloradough, Glenwood Springs
Connecticut: Neil's Donuts and Bake Shop, Wallingford
Delaware: Sandy Pony Donuts, Bethany Beach
Florida: Mojo Donuts, Pembroke Pines
Georgia: Scream'n Nuts, Alpharetta
Hawaii: Donut Dynamite, Wailuku 
Idaho: Sweet Sensation Donuts, Meridian
Illinois: Country Donuts, Crystal Lake
Indiana: Long's Bakery, Indianapolis
Kansas: Mr D's Donut Shop, Overland Park
Kentucky: Nord's Bakery, Louisville
Louisiana: District Donuts Sliders Brew, New Orleans
Maine: The Holy Donut, Portland
Maryland: 202 Donuts, Bethesda
Massachusetts: Donut Shack, Lowell
Michigan: Avon Donuts Inc, Pontiac
Minnesota: Cardigan Donuts, Minneapolis
Mississippi: Fantasy Donuts, Biloxi
Missouri: Pharoah's Donuts, Saint Louis
Montana: Granny's Gourmet Donuts, Bozeman
Nebraska: Olsen Bake Shop, Omaha
Nevada: Doughboys Donuts, Reno
New Hampshire: White Mountain Cider, Glen
New Jersey: Purple Glaze Donuts, Asbury Park
New Mexico: Rebel Donut, Albuquerque
New York: Stax Ice Cream, New York City
North Carolina: Wake N Bake Donuts, Carolina Beach
North Dakota: Sandy's Donuts, West Fargo
Ohio: Bill's Donut Shop, Centerville
Oklahoma: Sweet Mini's Donut Company, Oklahoma City
Oregon: Pip's Original Doughnuts & Chai, Portland
Pennsylvania: Beiler's Bakery, Philadelphia
Rhode Island: Knead Doughnuts, Providence
South Carolina: Rainbow Donuts, York
South Dakota: Baker's Bakery & Cafe, Custer
Tennessee: Donut Palace, Murfreesboro
Texas: Round Rock Donuts, Round Rock
Utah: Create Donuts, Sandy
Vermont: Cold Hollow Cider Mill, Waterbury Center
Virginia: Texas Donuts, Centreville
Washington: Daddy's Donuts, Kenmore
Washington, D.C.: District Doughnut and Coffee, Capitol Hill
West Virginia: Peace Love and Donuts, Huntington
Wisconsin: Cranky Al's Bakery and Pizza, Wauwatosa
Wyoming: Delish Donuts & Coffee, Alpine

Friday, June 1, 2018

Let's Talk... 
Open House This Weekend At 
Wilderness Country Club

Wilderness Country Club
105 Clubhouse Drive  #D-156
Naples, Florida

Reduced $254,000
With a $400 Buyer Incentive at Closing
  • The Wilderness CC & Audubon Cooperative Sanctuary
  • 1st Floor Home with eastern exposure
  • 2 Bed,  2 Bath,  1,846 sq ft
  • Private Golf Cart Garage with Golf Cart
  • Furnished
Open House
Sunday, June 9th
2 - 4 PM

 Details             Floor Plan

Berkshire Hathaway HomeServices Florida Realty
Visit me on Twitter

Sunday, May 27, 2018

Let's Talk... Hot Off The Press...
Inventory Keeping Spring Market Active!

A correction has been made to the table 
graph reflecting April's market statistics below. 
Please notice, 
closed sales of single-family homes did not 
decrease 11 percent; it INCREASED 11 percent in April.  

Inventory Keeping Spring Market Active

Naples, Fla. (May 25, 2018) - According to the April 2018 Market 

Report released by the Naples Area Board of REALTORS® (NABOR®), 
which tracks home listings and sales within Collier County (excluding 
Marco Island), Collier County enjoys a 7.76 month supply of inventory 
compared to a 4-month supply nationally. This is great news for Naples 
REALTORS® as they transition from a very busy high season to what 
broker analysts believe will be a very strong summer.

"Summer buyers are going to be very happy this year because
there will be plenty of choices," said Mike Hughes, Vice President and 
General Manager for Downing-Frye Realty, Inc. "Inventory growth has 
been good across all price ranges and geographic territories."
According to Cindy Carroll, SRA, with the real estate appraisal
and consultancy firm Carroll & Carroll, Inc., the rate of inventory
loss is declining and she predicts the Collier housing market will
become even more stable before the end of the year. Carroll considers
a 12-month supply of inventory a stable market for Collier County.
Nationally, a stable market is reflected as having a 6-month supply
of inventory.
Even though April's inventory fell 2 percent to 5,793 from 5,920 in
April 2017, it's actually rebuilding from an annual low of 4,608
properties in inventory at the end of September 2017. 
"The reality is, the real estate market is doing much better this year
than in 2017," said Hughes, considering the 2018 statistics includes
the period of time when Hurricane Irma stalled home sales activity for
nearly six weeks starting in September (and as reflected in the
4Q 2017 Market Report).
Condominium inventory grew 2 percent in April to 3,003 units, over half
the entire market, from 2,934 units in April 2017. The $300,000 and below
price category experienced the highest increase in inventory (7 percent)
to 1,472 units from 1,378 units in April 2017. Pending and closed sales
of condominiums in this low-end price category were also strong, with
a 17 and 14 percent increase, respectively. Interestingly, the median
closed price of condominiums in April dropped 8 percent to $271,000
rom $296,000 in April 2017. 
"Sellers are pricing properties to sell and it shows," said Adam Vellano,
West Coast Sales Manager, BEX Realty - Florida. 
Carroll agreed and added, "The market for homes above $1 million
is hot. If we can maintain current inventory trend levels - and I think
we can - then sales of properties in this price point will be strong for 
at least a couple of years."
Overall closed sales increased 8 percent (month over month) in
April to 978 properties from 902 properties in April 2017. And just
like the first three months of the year, the high-end of the market
continued to outpace other price categories tracked by NABOR® in
April. As shown in the report, the number of closed sales of homes
between $1 and $2 million increased 34 percent, while closed sales
of homes over $2 million increased 15 percent in April.
"Closed sales of single-family homes in April were up 11 percent with
an increase in every price category except the $300,000 and below
range, where there are only 300 single-family homes on the market,"
said Brenda Fioretti, Managing Broker at Berkshire Hathaway
HomeServices Florida Realty.
The NABOR® April 2018 Market Report provides comparisons 
of single-family home and condominium sales (via the Southwest 
Florida MLS), price ranges, and geographic segmentation and 
includes an overall market summary. The NABOR® April 2018 
sales statistics are presented in chart format, including these overall 
(single-family and condominium) findings: 

April 2017April 2018CHANGE
Total homes under contract (pending sales) (month/month)
Total closed sales (month/month)902978+8%
Median closed price (month/month)$355,000$365,000+3%
Median closed price >$300K (month/month)$525,000$525,0000%
Total active listings (inventory)5,9205,793-2%
Average days on market 9795-2%
Single-family closed sales (month/month)404450-11%
Single-family median closed price (month/month)$419,000$455,000+9%
Single-family inventory2,9862,790-7%
Condominium closed sales (month/month)498528+6%
Condominium median closed price (month/month)$296,000$271,000-8%
Condominium inventory2,9343,003+2%
Geographically, real estate activity was strong across the entire
county, but closed sales of single-family homes in South Naples
were most remarkable with a 51 percent increase to 62 closed sales
in April 2018 from 41 in April 2017. 
"North Naples was also a shining star in April," said Fioretti. "Even
hough inventory was down 8 percent in this geographic area, its
year over year pending sales increased 9 percent, the highest of
all geographic areas tracked. And its closed sales increased 13
percent year over year too."
April's month over month activity was even more impressive in the
North Naples area, as reflected in a 26 percent increase in closed sales.
Similarly, the median closed price of condominiums in North Naples
dropped 14 percent in April to $258,000 from $300,000 in April 2017.

As always if you have any question about our Real Estate Market 
in South West Florida please reach out to me by e-mail or by calling 
239.404.7787. I look forward to working with you!
I have provided the full report below... 
Click Here: View April 2018 Market Statistics
I hope you have a fantastic weekend!

Michelle J. DeNomme, REALTOR, GRI
Cellular Phone I  239.404.7787
Berkshire Hathaway HomeServices Florida Realty
Office: 239.659.2400
E-Fax Number: 239.236.5550
Twitter: DeNommeRealtor

Office Address: 621 Fifth Avenue South Naples, Florida 34102

Member Of Naples Board Of REALTORS 
Member Of Florida REALTORS 
Member Of National Association Of REALTORS 
Graduate Of REALTOR Institute (GRI)