Let's Talk…
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Let's Talk... It's a Fantastic Time to Buy in South West Florida!
Trust me you don't want to miss out on your opportunity!
Closed Sales...The median closed price for condominiums in this entry-level price category was $193,000. August also saw a 50 percent increase in inventory for condominiums in the $300,000 and below price category to 974 condominiums in August 2016 from 648 condominiums in August 2015.
New Listings/Inventory...Overall activity of properties in the $2 million and above price category failed to perform as well in August compared to other price categories. However, condominium inventory in this luxury segment of the market increased 84 percent to 81 condominiums in August 2016 from 44 condominiums in August 2015, while its overall median closed price fell 19 percent (year over year) to $2,537,000 in August 2016 from $3,132,000 in August 2015. This behavior of increased inventory and lower prices primes the luxury segment of the market for a season where the number of properties priced right can certainly meet demand.Overall inventory increased 36 percent for the second month in a row to 4,787 homes in August 2016 from 3,525 homes in August 2015. In fact, while inventory rose in all price categories for both home types, the overall median closed price remained flat in August, with the exception of homes in the $300,000 and below price category, which increased 9 percent to $210,000 in August 2016 from $192,000 in August 2015.
Average & Median Sales Price...The median closed price for condominiums in this entry-level price category was $193,000. August also saw a 50 percent increase in inventory for condominiums in the $300,000 and below price category to 974 condominiums in August 2016 from 648 condominiums in August 2015.
NABOR® broker analysts suspect some potential buyers of high-end properties may be reluctant to make big financial decisions because of the uncertainty of the economy after the Presidential election. However, as the report indicated, activity in this segment of the market is historically lower than it is during seasonal months. Brokers were quick to point out that this tapering is anticipated during the summer and expect sales in this segment to rise as we move into the next season.
Full Market Report for your review below.
Please feel free to contact me with any questions you may have by
contacting me by e-mail at Michelle@NaplesHomeSweetHome.com
or by calling 239.404.7787.
Southwest Florida Happenings:
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Summer Activity Indicates Promising Season
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The housing market’s momentum continues to remain strong heading into fall. Upon reviewing the August 2016 Market Report released by the Naples Area Board of REALTORS® (NABOR®), broker analysts cited several reasons why buyers and sellers can expect a promising winter season such as the inventory is continuing to increase and the median closed prices are remaining virtually unchanged.
Overall activity of properties in the $2 million and above price category failed to perform as well in August compared to other price categories. However, condominium inventory in this luxury segment of the market increased 84 percent to 81 condominiums in August 2016 from 44 condominiums in August 2015, while its overall median closed price fell 19 percent (year over year) to $2,537,000 in August 2016 from $3,132,000 in August 2015. This behavior of increased inventory and lower prices primes the luxury segment of the market for a season where the number of properties priced right can certainly meet demand. | ||
Real Estate Tidbits
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Around Naples
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Don't forget .... Turn Back Your Clocks!!!
November 6th
Michelle's Food Picks of the Month for the Naples area!!!
Thai Ubon Cafe 5th Avenue...
Fresh off of the success of our first restaurant, Thai Udon Cafe has created a beautiful new space on Naples' famous 5th Avenue, just 3 blocks from the Gulf of Mexico.
While we continue to serve a full complement of traditional and modern Thai and Japanese fare, we now offer a wide variety of a la carte sushi (nigiri) and scrumptious, unique maki rolls.
Enjoy meals inside or outside of the folding Euro doors accompanied by your choice of wine, sake, or draft and bottled beers.
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Jimmy P's Charred...
For generations, the men of the Pepper family have labored to become masters of all things meat. The knife of Jim Sr. has carved nearly 3 million cuts of meats, and the Pepper family's secret recipes for spice mixtures, techniques, sauces and smokehouse favorites have been guarded for more than three quarters of a century. When Jimmy Pepper Jr, came to the block, he left the cleaver to his dad and headed into the office. Jimmy crafted crowd pleasing menu items utilizing the finest products that his dad was producing and put together the business plan that has led to continuous growth and expansion for Jimmy P's Butcher Shop and Deli. The lunch business at Jimmy P's is bursting at the seams, so more space and the addition of dinner hours is how they plan to meet and exceed the expectations of their customers.
Staying true to who they are, “Charred”, the butcher shop's dining area, will serve the finest quality meats, expertly cut or smoked by Jim Sr. and his team. “We hope that our guests will enjoy the unique and exclusive opportunity of watching their personally selected, hand cut Wagyu steak traveling from the butcher block to the grill.”
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Pizza Fusion is a new take on America’s favorite food. We proudly serve up delicious, gourmet pizza in its purest form - untainted by artificial additives, like preservatives, growth hormones, pesticides, nitrates and trans fats (to name a few). While we’re famous for our pizza, our 75% organic menu features an eclectic variety of gourmet sandwiches, salads, desserts, beer and wine. Additionally, we proudly offer health conscious alternatives for our friends with selective diets and food allergies, such as our delicious gluten-free pizza, brownies and beer and our tasty vegan selections.
Born from a desire to make a difference, every detail of our operations is continuously evaluated from an environmental perspective in an effort to further minimize our ecological footprint. From delivering our food in company owned hybrid vehicles and offsetting 100% of our power consumption with the purchase of renewable wind energy certificates to building restaurants to LEED certified standards, we are committed to being a leader in not only the pizza industry, but in a better quality of life. Through our spirited philosophy and principled leadership, Pizza Fusion will redefine the fast casual restaurant industry.
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Mercato...
Anchored by Whole Foods Market, Nordstrom Rack and Silverspot Cinema, a 12-screen premier-style theater, Mercato offers 12 notable restaurants, over 20 upscale retailers and luxury residential condominiums. Mercato hosts a vibrant year-round event calendar with most events free and open to the public.
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My Featured Listings...
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Royal Harbor | Boating Community
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Castillo at Tiburon | Resort Style Development
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Castillo at Tiburon | Resort Style Development
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Aviano | Small Enclave Community
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Naples New Construction!
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Dining in Naples:
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Events Around Naples!
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Friday, October 7, 2016
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