Thursday, June 6, 2019



Let's Talk... 
Hot Off The Press in June :0)

NAPLES NEWS BRIEFS...
 

Summer's no sweat for Collier music lovers 
with cool concerts planned ...
 

Terry Sylvester, former of The Hollies, brings his hits and 
more to the Center for the Arts Bonita Springs 
(Photo: Submitted photo)
Clip this page to your fridge and prepare to shake your hips. 
Or sing your lungs parched. Or at least tap your foot and smile.
Five music series turn Collier County and Bonita Springs a 
summer music mecca with a more relaxed, but still high-power, 
vibe. Stars range from Rock 'n' Roll Hall of Famer Terry 
Sylvester of The Hollies ("Bus Stop," "Carrie Anne,
" "The Air that I Breathe") to the international bronze 
medalist in the last International Chopin Competition, 
American Kate Liu. 
Read More...
 
_________________________

Michelle's May Featured Listing...
 
Wilderness Country Club
105 Clubhouse Drive  #D-156

Naples, FL 


Michelle’s Featured Listing
Make Your Appointment Today 
To View Our Listing... 
You will be glade you opened the door to your 
next HomeSweetHome!

Now offered at $223,900
 
Now offering...Best Priced Renovated Unit!
Furniture Negotiable with a 
price modification...


  • 1st Floor Condominium Home with Spectacular View
  • 2 Bed,  2 Bath,  1,846 sq ft
  • Private Golf Cart Garage with Golf Cart and additional storage area
  • Furniture Negotiable
  • The Wilderness CC & Audubon Cooperative Sanctuary

Wednesday, June 5, 2019

Let's Talk Hot Off The Press...
April Report Shows Market 
Resurgence Continues

















Naples, Fla. (May 24, 2019) - Closed sales during April in the Naples housing market increased 12.8 percent to 1,158 properties in April 2019 from 1,027 properties in April 2018. Broker analysts reviewing the April 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), reported that April was a solid month with strong sales activity in both the single-family and condominium markets.

"I believe we have reason to be optimistic going into the summer," said Bill Coffey, Broker Manager of Amerivest Realty Naples who added, "The report showed overall sales were up 17 percent in April over March, and March's sales were higher than February."
 
According to Kathy Zorn, broker/owner, Better Homes and Gardens Real Estate Pristine, who analyzed April's Market Report and showing activity provided by ShowingTime, a REALTOR® resource that tracks agent listing appointments with potential buyers, it took an average of 15 showings for a property to secure a contract in April. 
 
"The uptick in showings during the last few months are a positive indicator of continued buyer interest in our area," said Zorn. And while April's overall median closed price decreased 5.6 percent to $340,000 in April 2019 from $360,000 in April 2018, April 2019's median closed price was higher than both January and February's median closed prices.
 
The Report also showed nearly 1,000 properties went from active to either terminated, expired, or withdrawn in the Southwest Florida MLS during April, which directly impacted April's ending inventory level as seen in an 11.1 percent decrease to 6,435 properties in April 2019 from 7,239 properties in April 2018. But Zorn also pointed out that April saw the number of new condominium listings increase by 9.2 percent; whereas there was a decrease of 3.2 percent for new listings in the single-family homes market. 
 
"Despite old-fashioned beliefs that our area is predominately seasonal, the last few years of home sales activity after Easter are proof that this is just not the case anymore," said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. 
 
In agreement, Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, added that "April and May have always been our strongest months for closings historically. But unlike last year, April's Report this year shows signs of a possible new trend: more closed sales for homes on the lower end of the price spectrum versus last year which had more closed sales in higher price points."
 
The Report supports Fioretti's theory as closed sales of single-family homes in April 2019 increased 4.4 percent, but closed sales of condominiums increased 20.1 percent in April 2019 compared to April 2018 market statistics. Further, the trend toward more sales of lower priced properties Fioretti mentioned is also visible in activity tracked over the last 12 months where there was a 4.3 percent increase or 2,727 closed sales of condominiums in the under $300,000 price category compared to a .8 percent decrease in this same price category for single-family homes (1,037 closed sales). The increase in condominium inventory Zorn mentioned is also a contributing factor to this new trend.
 
The NABOR® April 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 

Geographically, closed sales skyrocketed in April for the Naples Beach area (34102, 34103, 34108), which had a 44.6 percent increase in closed sales for its single-family homes market and a 12.5 percent increase in closed sales for its condominium market. Also remarkable, the Central Naples area (34104, 34105, 34116) had a 22 percent increase in closed sales of condominiums while the East Naples area had a 36.4 percent increase in condominium sales and the South Naples area (34112, 34113) topped them all with an impressive 49 percent increase in closed sales of condominiums during April.
 
Hughes added that - from a buyer's perspective - "the late spring and summer months are a great time to buy because there has always been a good selection of homes in all price ranges."
 
One trend that continues to be applauded by broker analysts is the adoption by sellers to price their homes appropriately - based on actual comparisons of recently sold homes - in order to gauge their home's estimated value rather than pricing their homes based on unvalidated values.

As always if you have any questions about our South West Florida Real Estate Market please feel free to reach out to me by calling 239.404.7787 or by e-mail at Michelle@NaplesHomeSweetHome.com

To view the full report please click here... 
View the April 2019 Market Statistics

I hope you have a fantastic week.
Michelle :0)

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

Congress extends flood insurance 

through September...

 
WASHINGTON – June 4, 2019 – The National Flood Insurance Program (NFIP) that millions of people rely on has gotten another temporary extension, as members of Congress renew efforts to work out a long-term proposal.
The NFIP extension through the end of September was tucked into a $19 billion disaster aid package the U.S. House approved in a 354-58 vote Monday evening. It now heads to President Donald Trump, who is expected to sign it.
This is the 12th temporary extension in two years. U.S. Sen. Bill Cassidy has led a bipartisan group of senators in calling for a long-term solution, rather than the piecemeal approach Congress has taken since September 2017, when the last major authorization ended.
"This ridiculous process has created significant uncertainty and anxiety for homeowners, renters, and small business owners in our states," the senators wrote in a joint letter last month.
House and Senate leaders from both parties have expressed optimism about the long-term talks. U.S. House Minority Whip Steve Scalise, R-Jefferson, said he believes a five-year agreement can be hashed out in the coming months before the program faces its next deadline.
In Cassidy's letter, senators called for a broader overhaul that factors in more accurate risk assessments, affordability components, mitigation funding and other improvements, including addressing "repetitive loss properties" through buyouts, elevations and other flood-proofing measures.
Repetitive loss properties are those for which NFIP has paid at least two claims of more than $1,000 in any 10-year period since 1978. At 7,223 properties, Louisiana has significantly more than any other state with damages totaling $1.22 billion between 1978 and 2015, according to an analysis from the nonpartisan Natural Resource Defense Council.
The program provides flood coverage to more than 5 million policy holders across the country, but it also faces resistance among lawmakers who question its costs and efficiency.
The Government Accountability Office has included the NFIP on its "high risk list" because it hasn't struck a sustainable balance between keeping insurance affordable and maintaining the program's solvency, leading to premium rates that "in many cases do not reflect the full risk of loss and produce insufficient premiums to pay for claims."
The NFIP had to borrow money from the Treasury to help cover major disasters, after the program became mired in debt following Hurricane Katrina in 2005.
The disaster aid package, which includes funding for more than three-dozen states that have experienced floods, wildfires, hurricanes and other disasters in the past year, was blocked from passing three times while Congress was on a week-long recess. Three Republicans who acted to block the legislation said they wanted a recorded voice vote in the Democrat-controlled chamber.

© 2019 The Advocate, Baton Rouge, La., Elizabeth Crisp. Distributed by Tribune Content Agency, LLC.

Let's Talk...

This Is the Best Place to Retire in Florida?

We crunched the numbers so you don’t have to.
BY MARISA SPYKER / COASTALLIVING.COM  JUNE 06, 2018
Travel & Leisure
The charming Gulf Coast town on the southwest corner of Florida has long been a paradise for... read on to find out just where in Florida!?
Michelle J. DeNomme‏ @DeNommeRealtor

https://www.travelandleisure.com/syndication/best-retirement-city-florida?utm_source=twitter.com&utm_medium=social&utm_campaign=social-share-article&utm_term=689569 …


Sunday, May 5, 2019

Wilderness Country Club...
Talk about Naples Best Kept Secret!

I have just what you have been looking for in Naples all along!!!

WCC has Amenities to fit your criteria and I have 
the BEST Listing waiting for you! 

First Floor, Two Bedroom/Two Bath Condo 
with 1,846 sq. ft. of living area!

Magnificent view from you private walk out living area to the outdoors!

For the reasonable price of $230,000.00!

WCC Golf Membership Fee ... $65,000.00

One Pet is welcome per each residence...:0)

Take a tour and give me a call today :0)

https://tours.napleskenny.com/916499?a=1

The BEST part is that this unit has been renovated... 
Quick Close Toothbrush Ready To Move Into!

Sunday, April 21, 2019


Let's Talk... Hot Off the Press!
Realistic Home Values Led to Strong Sales in March...

Naples, Fla. (April 18, 2019) - According to the March 2019 
Market Report released by the Naples Area Board of REALTORS® 
(NABOR®), which tracks home listings and sales within Collier 
County (excluding Marco Island), the median closed price of homes
decreased 5.6 percent to $340,000 in March 2019 from $360,000 in 
March 2018. Broker analysts reviewing the report clarified that the 
median closed price decrease was due, in part, to an increase in the
 number of closed sales of homes priced under $500,000 during 
the last year.

Another reason for the decrease in median home price 
is due to sellers pricing their homes appropriately - based 
on actual comparisons of recently sold homes - to gauge 
their home's estimated value rather than pricing their homes
based on unvalidated values.


Geographically, the median closed price for condominiums 
in the Naples Beach area (34102, 34103, 34108) increased 
13 percent to $805,0000 in March 2019 compared to $711,500 
in March 2018, the highest increase of all areas reported. The 
median closed price for single-family homes increased the most 
in South Naples (34112, 34113) by 2.6 percent to $410,000 in March 
2019 compared to $400,000 in March 2018. Inventory during March 
increased in only one segment and place: single-family homes in 
the Naples Beach area. This area's inventory increased by 4.1 percent 
and is where a large majority of "spec" home building is taking place. 


Brokers reviewing the March report also discussed their concern 
about how water quality issues and short-term rental limits might 
impact the Naples housing market moving forward. Adam Vellano, 
West Coast Sales Manager, BEX Realty - Florida, and a member 
of the NABOR® Water Quality Task Force, remarked that actions 
by the new Governor to fast-track many delayed water-quality 
projects, appoint a new South Florida Water Management Board, 
and request the Army Corps of Engineers modify Lake Okeechobee's 
scheduled releases so there are fewer in the summer, is already 
being met with positive response.

"If the county puts limits on rentals we may see a spike in 
inventory," said Mike Hughes, Vice President and General 
Manager for Downing-Frye Realty, Inc., who added that a
limit would be bad news for a good portion of our seasonal 
residents and the homeowners and investors who benefit 
from a healthy rental market. Huskey responded that "a 
move to restrict rental lengths to the term suggested could 
significantly impact sales in some areas of unincorporated 
Collier County." As it stands, his company already has an 
85 percent rental reservation rate for next season which 
shows confidence in the market.

The March 2019 Market Report showed overall closed 
sales decreased 1.7 percent to 973 in March 2019 compared
 to 990 in March 2018. This decrease was isolated to the 
single-family home market, whose sales in March 2019 fell 
by just 17 total sales compared to March 2018. The condominium 
market in March ended with 499 closed sales, the same number 
reported in March 2018. 

However, as Bill Coffey, Broker Manager of Amerivest Realty
Naples pointed out, the report also showed closed sales in
March increased 64 percent compared to February 2019,
which reported 595 closed sales; and it increased 65 percent
compared to January 2019, which reported 588 closed sales.

"Sales activity in the first two months of the quarter was down 
compared to last year, but the March report showed a sales 
resurgence which I think will continue into April," said Budge 
Huskey, President, Premier Sotheby's International Realty. 
"Once a seller finds their realistic list price, the home tends 
to sell. The proof is in the report, which showed that sellers 
received 95.3 percent of the final list price in March." 

Many brokers have reported an increase in contracts 
(pending sales) during March, which they feel contributed 
to the 10 percent decrease in overall inventory for March. 
It is important to remember that inventory during the first quarter 
of 2018 included many homes that were put back on the market 
after having been taken off the market for repairs following Hurricane 
Irma during the last quarter of 2017. As such, the report showed 
8.7 months of inventory for March 2019, down 11 percent compared 
to March 2018.

"When inventory was tight, there was more urgency to buy," said 
Wes Kunkle, President and Managing Broker at Kunkle International 
Realty. "But so far this year buyers have been spending time looking 
around more and at new construction too." Kunkle added that the 
Southwest Florida MLS showed "about 19 percent of the single-family 
closed sales in March were new construction." 

The NABOR® March 2019 Market Reports provide comparisons 
of single-family home and condominium sales (via the Southwest 
Florida MLS), price ranges, and geographic segmentation and 
includes an overall market summary. NABOR® sales statistics 
are presented in chart format, including these overall (single-family 
and condominium) findings: 

As always if you have any questions please feel free to reach 
out to me.
I hope you have a fantastic day!
Michelle

Tuesday, April 16, 2019

Let's Talk...

The Bayshore Gateway Triangle 
Community Redevelopment Agency 

The Full Storyhttp://bayshorecra.com

The (CRA) meets on the 1st Tuesday of each month 
in the FGCU building at the Botanical Gardens to 
discuss all of the exciting things taking place or 
about to take place, and to also discuss where we 
(the CRA) want to go from here. At the last meeting 
earlier this month, the conversation was exciting and 
energizing. Our dreams are beginning to come true. 
This is what we have been hoping for and working for! 
We have worked for years and years to create a community centered around the Arts with many pleasures surrounding it. 

Monday, April 15, 2019

Let's Talk...

Pickleball is coming soon! 
Yes, the U.S. Open Pickleball World Championship 
games are coming to the 
East Naples Community Park 
on Thomasson Drive. 

This part of our county has become the 
Pickleball Capital of the WORLD! 

The games and increasing number of quality 
players get better each year. 

They begin withKid’s Day on Friday April 26th from 11am to 3pm. Saturday April 27th begins early bird check in, with practice courts open. Watch thePro’s warm up and attend the Margaritaville Party in the Park from 9am to 3pm. Sunday April 28th begins the All Singles Events from 8am to 8pm. Monday April 29th from 8am to 7:30pm are the Men’s & Women’s Age DoublesEvents. Tuesday April 30th brings the Mixed Age Doubles Events from 8am to 6pm.


A few fun facts about this exciting tournament:
● Number of registered players: 2,161● Youngest Player is 8, Oldest Player is 86● Players from 48 States will be participating● 16 Countries are represented● There will be 4283 matches played● $50,000 Prize Money to Players● The volunteers number over 250

Sunday, April 14, 2019

Let's Talk... Open House Today!

Stop on over to our Open House this Sunday, April 14th
Wilderness Country Club
105 Clubhouse Drive  #D-156
from 1:00 to 4:00PM
Hosted By BHHS Florida Realty
REALTOR, Idalia Fabregas
Cellular Phone: 239.370.6611

 
Listing Agent: Michelle DeNomme, REALTOR, GRI 
Cellular Phone: 239.404.7787


Now offering...Furniture Negotiable at $230,000
Take a tour...

  • Best Priced Renovated Unit!

  • 1st Floor Condominium Home with Spectacular View!

  • 2 Bed,  2 Bath,  1,846 sq ft

  • Private Golf Cart Garage with Golf Cart and additional storage area


  • The Wilderness CC & Audubon Cooperative Sanctuary