Thursday, February 26, 2015

Friday, February 20, 2015

Let's Talk... Hot off the Press!!!
REALTORS® Complete 1,100 Written Contracts 
and 600 Closed Sales in January
 
Naples, Fla. (February 20, 2015) - The Naples area housing market is off to a solid start according to broker analysts who evaluated the January 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Inventory declined a moderate 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015, and overall closed sales in every price category above $300,000 increased by double digits in the 12-months ending January 2015. Overall median closed price increased 13 percent to $273,000 in the 12-months ending January 2015 from $242,000 in the 12-months ending January 2014. 
 
"We're not seeing as dramatic a decrease in inventory this January as in last January," said Mike Hughes, NABOR® president and Vice President/General Manager of Downing-Frye Realty. Inventory decreased only 5 percent from January 2014 over January 2015, compared to a decrease in inventory of 15 percent from January 2013 over January 2014. Hughes believes this slowing of inventory decline may be a good sign and remarked that "we should expect another tremendous season for home sales." 
 
As typically seen during the first three months of the year, cash sales are also on the rise. In January, the 394 cash sales reported accounted for 70 percent of home sales transactions in the Naples area. The report also showed sales of foreclosed homes in January were at their lowest - 64 - since NABOR® began reporting home sales activity in July 2009 when foreclosures numbered 240.
 
"Activity in the luxury home market continues to be the most impressive," said Coco Waldenmayer, a managing broker at John R. Wood Properties. According to the report, pending sales, based on signed real estate contracts, for single family homes in the $1 to $2 million category increased 53 percent from 36 pending sales in January 2014 to 55 in January 2015, while in the same price category in the condominium market, pending sales decreased 22 percent from 36 in January 2014 to 28 pending sales in January 2015. Not surprisingly, the inventory for condominiums in this $1 million to $2 million category had the largest decline too at 26 percent.
 
As pointed out by several broker analysts during NABOR®'s 2014 annual media conference on January 16th, buyers looking for single family homes in 2015 will be pleased. In fact, according to Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., affordable single-family homes are not appreciating out of control, as often speculated. "The median closed price for single-family homes in the $300,000 and below category increased 16 percent from January 2013 to January 2014. Yet the January report showed an increase of only 8 percent from $178,000 in January 2014 to $193,000 in January 2015."
 
"The key is to work with a REALTOR® that knows the Naples market," said Pat Pitocchi, NABOR® media relations chairperson and corporate trainer at Downing-Frye Realty. "Regardless of whether you are in the market to purchase a starter home or a seasonal residence, a REALTOR® can simplify the process and help you find exactly what you want."
 
The NABOR® January 2015 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® January 2015 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 
  • Overall pending sales decreased 1 percent from 1,117 in January 2014 to 1,103 in January 2015.
  • Pending sales for single-family homes increased 5 percent from 510 in January 2014 to 536 in January 2015.
  • Pending sales for condominiums in the $300,000 to $500,000 category increased 51 percent from 82 in January 2014 to 124 in January 2015.
  • Overall closed sales decreased 1 percent from 9,835 in the 12-months ending January 2014 to 9,759 in the 12-months ending January 2015.
  • Overall closed sales for single-family homes in the $2 million and above category increased 37 percent from 213 in the 12-months ending January 2014 to 292 in the 12-months ending January 2015.
  • Overall median closed price increased 13 percent from $242,000 in the 12-months ending January 2014 to $273,000 in the 12-months ending January 2015.
  • Overall inventory decreased 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015.
  • Average days on market for January 2015 were 85. 
According to the report, the inventory of homes for sale in the $300,000 and below category in January 2015 encompassed about 33 percent of the market at 1,479 units. And while overall inventory fell 5 percent from 4,776 in January 2014 to 4,515 in January 2015, the $300,000 and below category experienced the largest drop in inventory (-24%) from 1,938 in January 2014 to 1,479 in January 2015. Despite a sinking of inventory in the $300,000 and below price category, there were increases in inventory in three other price categories: $330,000 to $500,000 increased 15 percent; $500,000 to $1 million increased 8 percent; and $2 million and above increased 12 percent from January 2014 to January 2015.
 
The greater Naples area housing market has had dramatic changes in inventory, price, availability and demand over the past year; more so in some neighborhoods than in others. It is because of those changes and the increasingly complex documentation involved in buying and selling homes that buyers and sellers are working closely with a REALTOR®. When you work with a REALTOR® who understands the diverse tapestry of the Naples area real estate market, you are partnering with a professional who has the experience you need to buy or sell with confidence in either the new home or resale markets.


As always if you have any questions about our Market here in South West Florida feel free to contact me by calling 239.404.7787 or by e-mail at Michelle@NaplesHomeSweetHome.com . You can always visit my web-site and become my VIP Customer to view all of our market Active, Pending and Closed Sales. I also have placed a NEW Naples Development Map to help navigate you through our New Construction here in Naples; with over 35 new Development to learn about. I can help you discover endless possibilities with your next transaction.
Let's Talk about your next move today!
Michelle
 
 
To view the entire report, visit www.NaplesArea.com
 
We are the OneGroupNaples!  
Michelle J. DeNomme, REALTOR, GRI
Cellular Phone:  239.404.7787
Berkshire Hathaway HomeServices Florida Realty
Office: 239.659.2400
E-Fax Number:  239.236.5550
Website:  www.NaplesHomeSweetHome.com        
Twitter Me: DeNommeRealtor
 

Tuesday, February 10, 2015



 
Let's Talk... Naples New Developments together today!
I am your New Development Specialist with over 35 New Developments here in Collier County
to offer you! I can represent you throughout the entire process!
I have outlined some of the key reasons that working together will benefit you below…

Let's Talk today about your next move!
Buying a new home in a New Development is exciting. You get to build your dream from the ground up, choosing your lot, your model, interior finishes and upgrades. But like any home purchase, buying new construction is serious business, an expensive transaction with many financial implications. That’s why it’s a good idea to contact me to represent you to navigate through the entire process...
 
Here’s why:
Builder sales reps represent the builder.
Often builders have their own agents on site to answer questions, assist people who walk in, and ultimately help with a purchase. Builder reps provide a valuable service: They can explain differences between models and floor plans and share information about financing options, upgrades and specials. But it’s important to remember that builder reps represent the builder, as they are contractually obligated to do. “Realtors® are trusted resources for real estate information and can help home buyers navigate the increasingly complex home-buying process,” said National Association of Realtors® President Gary Thomas. “The buyer agency agreement ensures the buyer that his or her Realtor® will represent the interests of the buyer alone and not the seller.”
 
Fiduciary responsibility…
One of the most important considerations for any buyer is fiduciary responsibility. When you retain the services of a Realtor®, their responsibility is to you. That means you have an expert who is looking out for your best financial interests, an expert who’s contractually obligated to protect you. A Realtor® can help you navigate the new-construction contract; help you understand how specific clauses, riders and upgrade options affect you; and make sure you know what you need to before you sign on the dotted line.
 
Negotiating a better deal…
Finding the right model and picking your upgrades is the fun part. Once you’re ready to sign the contract, a Realtor® can work on your behalf to negotiate the terms, from upgrade options to financing and closing costs. In addition, a Realtor® can present other options for financing or might be able to work with the builder’s lender directly to get you a better rate for your mortgage.
 
Shepherding your new home to closing…
Signing a contract with a builder is just the beginning. You must also line up financing, work with title companies and attend numerous inspections throughout the construction. A Realtor® can manage that process and can accompany you on inspections to ensure you’re not missing anything at each construction milestone.
 
Let me guide you throughout the process, contact me today before you decide to visit any New Home Site Development/Community so that I can provide you with all you need to know in making an informed decision!  

Your New Development Specialist...
Michelle DeNomme, REALTOR, GRI
Cellular Phone:  239.404.7787
Berkshire Hathaway HomeServices Florida Realty
Office: 239.659.2400
E-Fax Number: 239.236.5550
Twitter Me: DeNommeRealtor

 
 

Wednesday, February 4, 2015




Let's Talk... Bolero at Tiburon!!! This “Valencia” Model Floor Plan with the most Breathtaking Views in all of “Bolero.” Once you enter the Private Gated Community of Bolero you will be Enchanted by an Enclave of 20 low rise buildings each with three floors. Enter through the Exquisite,  First Floor Entrance and step into over 1700 Square Feet of Living Area, plus a Fantastic  Screened Lanai. This Condominium features a Magnificently Designed Floor Plan with a Living Room which leads to your Private Lanai Area.  While living and playing you will enjoy basking in another Glorious Day with Views of the Naturally Preserved Surroundings, such as the Tiburon Greg Norman Designed Golf Course with its Tranquil Water Features.  This home features Two Bedrooms with Den, Two full Bathrooms and a Gourmet Kitchen.  Celebrate entertaining with your family and friends in your comfortable and cozy setting. Come and take a look at this Pristine First Floor home that is highly sought after in the enclave that only Bolero has to offer! Make this home your next Home Sweet Home! Let's Talk today about your Buyer Incentive!

Come and take a tour with me... http://tours.napleskenny.com/286207