Saturday, September 29, 2012

Let's Talk...
Amendment 4 would revive housing market!?
TALLAHASSEE, Fla. – Sept. 28, 2012 – Leticia Adams, director of Infrastructure and Governance Policy for the Florida Chamber of Commerce, wrote the following editorial that appeared in today’s Sunshine State News:

When Floridians head to the polls in November, they should vote yes on Amendment 4, giving homeowners and small businesses across the Sunshine State a chance to rein in property tax hikes.

Florida’s economy has traditionally been dependent on a strong housing market, but this important sector was impacted hard by the Great Recession that the Sunshine State is still recovering from. Florida voters can give this core component of our economy a needed boost and lead the way to new growth and opportunities by supporting Amendment 4 on the November ballot.

Amendment 4 will untie the Legislature’s hands so it can put an end to the unfair state “recapture” law. Under the recapture law, property taxes can increase on homes even as their property values plummet. Asking Floridians to pay more taxes on homes that are declining in value is simply wrong and Amendment 4 will let the Legislature end this injustice.

Amendment 4 reduces the cap on assessment hikes for non-homestead properties from 10 percent to 5 percent each year. This will be a boon to small businesses, which are the backbone of Florida’s economy. Small businesses create four out of five new jobs in our state and Amendment 4 will help them continue to remain an essential part of our economy. Amendment 4 will give small businesses across Florida needed tax savings that can be used to reinvest in our communities by creating new jobs, lowering prices for consumers, and increasing salaries for employees.

By lowering the cap on assessment increases, Amendment 4 will help recruit more companies to invest in Florida. These new investments will provide more economic growth and new jobs. Florida TaxWatch, a nonpartisan watchdog that was instrumental in launching Amendment 4, found that it will increase Florida’s GDP by almost $929 million and create more than 19,000 new jobs in the Sunshine State over a 10-year period.

Studies from Florida TaxWatch show that Amendment 4 will lead to an increase in new home sales across the state. Some estimates find that Amendment 4 could generate as many as 384,000 new home sales over a 10-year period. In addition to the tremendous boost to Florida’s struggling housing market, Amendment 4 will help lower the number of abandoned foreclosures that drag down property values in neighborhoods all across the state, and add more cash to the pockets of Floridians – more than $5.3 billion.

While housing has traditionally been one of the cornerstones of Florida’s economy, now it is a major factor in why our economy continues to lag behind the rest of the nation. Amendment 4 will help move the housing market back on track leading to more sales, increased property values and personal wealth, and more jobs. By supporting Amendment 4, voters will help lead Florida to a growing and vibrant economy and continue to make the Sunshine State a great place to live and do business.

© 2012 Florida Realtors®

Thursday, September 20, 2012

Let's Talk... Rental rates rise in South Florida: report

September 20, 2012 11:15AM
The mean rental rate in South Florida’s coastal markets rose 11 percent in the second quarter compared to the same period in 2011, according to a new report from brokerage and consultancy Condo Vultures. The mean rental rate stood at $1.60 per square foot, according to the report, up from $1.44 in the second quarter of 2011. Leasing activity also increased by 2 percent in the same timeframe. The rate represents a significant increase from the $1.35-per-square-foot mean rate in the same markets in 2009. — Alexander Britell

Wednesday, September 19, 2012

Let's Talk... How to have FUN in Naples!!!

2012 Naples International Film Festival
Our Festival Program and lineup will be announced in early October.

Join us November 1-4, 2012 for the 4th annual Naples International Film Festival!
November 1, 2012 - Red carpet Opening Night Film and Party at the Philharmonic Center for the Arts
November 2-4, 2012 - Films, Panels, and Special Events
Documentary, Feature and Short films from all over the world play at the Silverspot Luxury Cinema at Mercato from Friday, November 2 - Sunday, November 4, 2012. Watch films you can't see anywhere else and meet the filmmakers for intimate question and answer sessions following the screenings. http://www.naplesfilmfest.com/2012-naples-film-festival.html 

November 3, 2012 - Saturday Night Party at The Bay House
After the movies end, the party begins!

Monday, September 17, 2012

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

JFK Medical Center expands in Boynton Beach

September 17, 2012 10:30AM
Atlantis’ cardiovascular-specializing JFK Medical Center will expand its 460-bed acute care medical/surgical facility with a new emergency treatment and diagnostic center, the Sun Sentinel reported following an announcement from Business Development Board of Palm Beach County on Friday. The new 12,600-square-foot facility will be located at 10921 South Jog Road in western Boynton Beach and will employ some 40 workers at an average annual wage of $59,342. The center will operate 24 hours a day and seven days a week on both emergency and non-emergency cases — JFK sees nearly 70,000 emergency room visits each year. [Sun Sentinel]Christopher Cameron
Let's Talk... Hot News going on in Miami!!!
Reality show stars Kim and Kourtney Kardashian are eyeing a $5.8 million Miami mansion, the Daily Mail reported. The celebrity sisters will be moving to Miami for approximately three months while filming their reality spin-off “Kim and Kourtney Take Miami.” The six-bedroom, six-and-a-half-bathroom house sits on over 5,000 square feet of land and features a pool and 100-foot yacht dock – the address is not listed.
The Kardashian are looking for a home rather than a hotel for their short stay because of the recent birth of Kourtney’s second child, Penelope Scotland. However, the Kardashian have yet to close a deal on the property and are currently still shopping around Miami, according to the Daily Mail. [Daily Mail]Christopher Cameron

Friday, September 14, 2012


Let's Talk!!!
NABOR Reports August 2012 Real Estate Transactions

DWINDLING INVENTORY DRIVES HOME PRICES UP

Release Date: Friday, September 14, 2012

  • Pending Sales: Increased 16% in the $500K-$1M category and 10% in the $1M-$2M category 12-month ending
  • Closed Sales: Increased 16% in the $500K-$1M category and 12% in the $1M-$2M categories 12-month ending
  • Median Closed Price: Increased 10% overall 12-month ending
  • Inventory: Decreased 13% AUG 2011 - AUG 2012
  • Average DOM: Decreased 55% in the in the $2M+ category AUG 2011 - AUG 2012
  • Naples Beach area Pending Sales increased 10% and Closed Sales increased 9% 12-month ending
View the 2012 August Market Statistics Charts
View the report (Print the Article)
Let's Talk... Hot Off the Press!!!
 

 
DWINDLING INVENTORY DRIVES HOME PRICES UP
Naples, FL (September 14, 2012) - The Naples area real estate median closed price increased a remarkable 10 percent for the 12-month period ending August 2012, according to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island).
Brenda Fioretti, NABOR Media Relations Chairman and Managing Broker of Prudential Florida Realty said, "At the NABOR Economic Summit held this past April, Dr. Lawrence Yun, chief economist of the National Association of REALTORS® predicted that he 'would not be surprised to see a 10 percent increase in home prices in southwest Florida by December.' Well, the Naples area median home price just reached a 10 percent increase in less than four short months, just as Dr. Yun predicted."
Cindy Carroll, Vice President of Carroll & Carroll Real Estate Appraisers & Consultants in Naples stated, "We are beginning to see the results of the inventory decline coupled with the increased median closed price. Looking at the inventory statistics it is interesting to note that in less than eight months, we reached an overall inventory of 6,043 in August 2012 from 7,860 in January 2012. The last time we saw the inventory this low was in 2005."
The NABOR® August report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an overall market summary.
The August sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:
  • The overall median closed price increased 10 percent, from $176,000 to $194,000, for the 12-month period ending August 2012.
  • Overall pending sales increased 16 percent in the $500,000 to $1 million category, from 939 units to 1,091 units, for the 12-month period ending August 2012. Overall pending sales increased 10 percent in the $1 million to $2 million category, from 424 units to 466 units, for the 12-month period ending August 2012.
  • Overall inventory decreased by 13 percent, from 6,930 in August 2011 compared to 6,043 in August 2012. Pending sales with contingent contracts are included in the overall inventory number.
  • The average DOM (Days on the Market) decreased by six percent, from 178 days on the market in August 2011 to 167 days on the market in August 2012.
  • Overall pending sales in the Naples coastal area increased 10 percent from 1,779 units to 1,950 units, and closed sales increased 9 percent, from 1,586 units to 1,732 units, for the 12-month period ending August 2012.
"The strong numbers clearly reflect the economic model of Supply and Demand. As inventory decreases and demand for homes remains high, we are observing an increase in prices. The statistics from the last three months have capped off a strong summer. The Naples area is no longer as seasonal as it used to be," said Mike Hughes, Vice President and General Manager of Downing-Frye Realty.
"It is important to remember that the increase in prices can vary from zip code to zip code and neighborhood to neighborhood, so it very beneficial for people to consult a REALTOR®," said Coco Waldenmayer, Managing Broker of Engel & Völkers.
"The market is shifting to higher priced properties," commented Ernesto Velasquez of United Real Estate. "The number of sales under $300,000 decreased which indicates increased values of real estate and market advancement."
 
As always if you have any questions about our South West Florida Market, feel free to contact me by e-mail or by calling 239.40.7787.
Talk with you soon and I hope you have a fantastic weekend!
Michelle
To view the entire report, visit http://www.NaplesArea.com
 
 
Prudential Florida Realty


Cellular Phone 239.404.7787


Michelle J. DeNomme, REALTOR, GRI

Office: 239.659.2400

E-Fax Number:  239.236.5550                      


Twitter Me: DeNommeRealtor

Wednesday, September 12, 2012

Let's Talk... Serafina at Tiburon!

Let's Talk!!! Serafina at Tiburon... Best Priced Serafina with Buyer Incentives...This BEAUTIFUL MEDITERRANEAN Style Single family home located in the Prestigious Community of "Serafina" at Tiburon. This exquisite 4 bedroom, 5 full bath, 1half bath home contains a gourmet kitchen with custom maple cabinetry, stainless steel appliances and a professional grade gas range. Beautiful pool & spa under a screened lanai. Great view of the 1st fairway of the greg Norman-designed "Gold" golf course. This home features Owner Enhancements such as Custom Painting-Faux finishes with Artisan Detailing... Interior/Exterior multi-channel stereo system with Dolby Digital Surround Sound System with Mulitiple Speakers in the Family Room. All Window and Door Treatments, Featuring Real Wood Plantation Shutters. Custom Pantry that has been Handcrafted to make storage a breez there are MANY MORE "Owner Enhancements"!!! Includes Guest "Casita"which is separate from the from the main house. Contact me today!

211514332
ML# 211514332
 
Let's Talk... Hot Off the Press!
NBA basketball player James Posey has listed his tri-level Coconut Grove townhouse for $2.19 million, according to Realtor.com data cited by the Huffington Post. Despite Miami’s hot luxury market, Posey’s asking price for the 5,090-square-foot Mediterranean-style house is only $25,000 over the $2.17 million he paid back in 2005 when he played for the Heat. The three-bedroom, three-bathroom house is located in the Cloisters, at 3471 Main Highway, unit 515, and boast a private elevator. [Huffington Post]Christopher Cameron

Tuesday, September 11, 2012

Let's Talk!!!

Florida looks to increase freight business; Southwest Florida wants piece of the action
Whether the shipment is going by air, land, sea or rail, it may get easier to move freight in Southwest Florida. "We need industries. We need factories. We need something," said Lisa Selenke, co-owner of Immokalee-based P&S Express Freight Brokers LLC. And that's exactly what the Florida Department of Transportation (DOT) wants to address. Although Southwest Florida International Airport doesn't carry much freight today, compared to the Miami airport, Victoria Moreland, spokeswoman for the Fort Myers airport, said there are opportunities in the future. And the state believes there are, too. "As part of our ongoing partnership with all of the carriers at RSW, we are always promoting the benefits of moving air cargo/freight through Southwest Florida," Moreland

@ Source: Naples Daily News | Posted: 09/11/12 at 1622 EDST

Saturday, September 8, 2012

Let's Talk!
As I always say... Real Estate Is Local!!!

The Market Data Reports in your area is Your Friend!
Check this out!

http://therealdeal.com/miami/blog/2012/09/07/power-broker-dolly-lenz-warns-housing-data-trackers-video/ 

If you need current information within Collier or Lee County please feel free to contact me for your
comprehensive Report.
Talk to you soon!
Let's Talk... In the News!
Naples apartment complex sells for $22M
The Miami-based Fifteen Group has sold Naples' Meadow Brook Preserve apartment community for $22 million, the company announced this week. The 268-unit property, which was built in 1997 as the Turtle Creek Apartments, was purchased by Fifteen Group in October 2010 for $12 million from the Florida Housing Finance Corporation, which had acquired it in a foreclosure. The buyer was not disclosed. -- Alexander Britell

Friday, September 7, 2012

Let's Talk... Marsala at Tiburon!!!

Let's talk... Marsala at Tiburon! Distinctive Communities has designed this most popular Single Family home the "Renoir" with over 4,240 square foot custom home with 4 bedrooms, distinguished study, four bathrooms, 2 half baths, exceptional outdoor living with breathtaking views of Marsala. Talk about one of the most incredible locations in all of Marsala!!! Come and view Marsala and this custom home designed that will meet your every desire when it comes to quality, design and location! Let's talk... about your move to this private gated community Marsala at Tiburon today!

212011257
 

Let's Talk... Real Estate!

U.S. homes selling more quickly: report

September 06, 2012 11:15AM
Homes across the United States are beginning to sell more quickly, according to a report from the National Association of Realtors released Wednesday. The average home transacted within 69 days of being listed last month, a 29.6 percent drop from the same period in 2011. “As inventory has tightened, homes have been selling more quickly,” said Lawrence Yun, chief economist at the National Association of Realtors. That increased sales pace could lead to a median existing home price increase of between 4.5 and 5 percent this year, according to the latest NAR forecast. — Alexander Britell

Thursday, September 6, 2012





Let's Talk... Fun Facts about Autumn and
                     What's New and To Do In Naples!!!

Did you Know!?
September equinox and the season between sandals and skis, here are some facts to share by the fire:

  • The fall equinox usually happens around mid-September, typically on Sept. 22 and surrounding days. Equinoxes usually occur six hours later each year, but jump back a day during a leap year. Six months of darkness begin at the North Pole while six months of light begin at the South Pole.
  • The word equinox comes from the Latin words for "equal" and "night." Understandably then, many think there are equal hours of daylight and night at the equinox. This isn't quite correct. Daylight on the equinox is actually several minutes longer than the night. The days when there are 12 hours of day and 12 hours of night, called the equiluxes, are a few days closer to winter than the equinoxes and fall on different dates at different latitudes.
  • Jupiter is expected to glide bright across the sky this weekend, a treat that should last until Halloween.
  • The French Republican Calendar — used in France for 12 years in the late 18th and early 19th centuries, before Napoleon Bonaparte abolished it — used the autumn equinox as New Year's Day. The first day of the month was called VendĂ©miaire, or "wine harvest."
  • In Japan, both the spring and autumn equinox are national holidays.
  • In neopaganism, the spring and autumn equinoxes are called Ostara and Mabon, respectively, although these names are modern in origin and don't correspond to any ancient festivals.
  • Leaves change colour because they need a break, a winter of rest, after a summer of photosynthesizing (using sunlight to convert water and carbon dioxide into sugar). Sick trees often change colour and shed too early, which means they don't have long to live, according to arborist Jim McCready.
  • Pigments are responsible for the distinct colours of the leaves in the fall: chlorophyll for green; carotenoid for yellow, orange and brown; anthocyanins for red. As sunlight decreases, the tree stops producing chlorophyll and the carotenoid in the leaves shows through with yellows, oranges and soft browns.
As always if you are looking for any information regarding the South West Florida Market, please
feel free to contact me by e-mail or by calling 239.404.7787.


          What's New in Naples and well worth visiting!!!
 
 
    
 
   
Palm Cottage



 
Now here's how to have fun in Naples!!!
 
 

Have a fantastic day!
Michelle

Wednesday, September 5, 2012

Let's Talk!
What a fantastic way to finish my day! I attended the Commercial Committee Meeting at NABOR this evening and I must say this evenings Sponsor was VizMarket. You might be asking
why in the world is Michelle talking about VizMarket? VizMarket is yet another Communication Network, I know your sitting back saying... REALLY Michelle!
Trust me on this, go to www.vizmarket.com and check it out for yourself!
 
Let me know what you think?
Michelle
Let's Talk!...
Strong Summer For Home Sales!
 

STRONG SUMMER FOR HOME SALES
Naples, FL (August 17, 2012) -- Naples area real estate activity remains strong this summer, with an increase in pending sales, closed sales, and the median sales price. The figures represent the overall Naples housing market for the 12-month period ending July 2012.
 
"July was a good month for overall pending sales," stated Phil Wood, President & CEO of John R. Wood Realtors. "If we look at July 2012 compared with July 2011, we see an average increase of 30 percent in each of the over $500,000 price categories."
 
In addition, inventory continues to decline, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
 
"Single-family home inventory is down 14 percent and significantly below the 3,000 unit mark," said John Steinwand, President of Naples Realty Services. "Inventory dropped in every price segment for single-family homes, and as of July 2012 there were only 2,889 properties available for purchase. When we consider that pending sales with contingent contracts are included in the overall inventory number, it is clear that even fewer existing homes will actually be available in the market."
 
The NABOR® July report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an overall market summary.
 
The July sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:
  • The overall median closed price increased nine percent, from $175,000 to $190,000, for the 12-month period ending July 2012.
  • Overall pending sales increased 16 percent in the $500,000 to $1 million category, from 931 units to 1,078 units, for the 12-month period ending July 2012. Overall pending sales increased 12 percent in the $1 million to $2 million category, from 413 units to 462 units, for the 12-month period ending July 2012.
  • Overall inventory decreased by 12 percent, from 7,010 in July 2011 compared to 6,188 in July 2012. Pending sales with contingent contracts are included in the overall inventory number.
  • The average DOM (Days on the Market) increased slightly, by two percent, from 173 days on the market in July 2011 to 176 days on the market in July 2012.
  • Overall pending sales in the Naples coastal area increased 11 percent from 1,747 units to 1,940 units, and closed sales increased 11 percent, from 1,541 units to 1,718 units, for the 12-month period ending July 2012.
"Strong sales in the Naples coastal area are a contributing factor to the healthier real estate market this summer," said Bill Poteet, 2012 NABOR President and President of Poteet Properties. "We continue to see strong gains in the Naples coastal category."
 
As always if you have any questions please feel free to contact me by calling 239.404.7787 or by e-mail.
I hope you have a fantastic day!
Michelle
To view the entire report, visit http://www.NaplesArea.com
  

 

 

Prudential Florida Realty


Cellular Phone 239.404.7787


Michelle DeNomme, REALTOR, GRI

Office: 239.659.2400

E-Fax Number:  239.236.5550