Friday, June 10, 2022

 

Let's Talk Market Report... April 2022




 





Contact me today for the full report by e-mail at Michelle@NaplesHomeSweetHome.com.

Naples, FL (May 23, 2022) – Overall inventory in Naples during April increased 16.5 percent to 1,668 properties from 1,432 properties in April 2021. Fueled by a swell of new single-family home listings, up 5.7 percent over last year, broker analysts reviewing the April 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are confident the Naples area housing market has reached a crossroad and is making its turn toward a balanced and healthy market.“It’s been thirty months since we’ve seen this many single-family home sellers enter our market in one month,” said Bill Coffey, Broker Manager of Amerivest Realty Naples. Coffey, along with several top brokers in Naples, say the shift indicates the Naples area housing market is redefining itself. Another major factor that signified the market was self-correcting to a new normal in April were the 549 price reductions (33 percent of the inventory) during the month.

“What we are seeing today are more sellers setting realistic list prices from the start and more buyers less willing to settle for homes that don’t meet their exact needs and desires,” said Brenda Fioretti, Broker Associate at Berkshire Hathaway HomeServices Florida Realty, who added that the report showed “we now have 1.5 months of inventory, the highest level since March 2021.”
 
Demand for the Naples lifestyle remains strong. Days on market for April was 16 days, considerably less than the historic 90-day average. As inventory begins to rise, days on market may increase and list prices in some neighborhoods may shift down slightly; but broker analysts agree that we should not expect home prices to drop to anywhere near pre-pandemic levels.
 
“There is virtually no data in the MLS for home sales below $300,000,” said Molly Lane, Senior Vice President at William Raveis Real Estate. 

Coffey remarked that the $300,000 and below market was once the biggest category for closed sales in Naples. But rapid sales during the last 18 months severely depleted inventory in this price category. As such, there were only 96 properties below $300,000 in April’s inventory.


The overall median closed price in April increased 39.2 percent to $599,000 from $440,000 in April 2021. The uptick reflects the low number of sales in the $300 and below price category. Median closed prices continue to rise in the single-family home market, up 8.7 percent from March, but median closed prices during April in the condominium market decreased 1.1 percent from March.

The NABOR® April 2022 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. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2022: 

Contact me today for the full report by e-mail at Michelle@NaplesHomeSweetHome.com.

 Let's Talk... Hot Off the Press


ESTIA GREEK RESTAURANT REPLACING 

BOKAMPER’S IN NORTH NAPLES

An upscale restaurant coming to North Naples next year intends to transport diners to a stunning Mediterranean home in the Greek islands. 

Estia, planning to transform the recently shuttered space of Bokamper’s Sports Bar & Grill, will be the first in Florida for the Pashalis family, which operates a restaurant group that includes three Estia Greek-Mediterranean restaurants in the Philadelphia and South Jersey area. Siblings Anastasia and Gus Pashalis are part of the Greek family involved in the Naples expansion. “My brother and I are first generation," Anastasia Pashalis said. “My parents and uncle immigrated to the United States in the 1970s.”  

“We are very excited and look forward to serving everyone in the Naples area," she said. “The d├ęcor and food will make you feel like you are at a Greek island. The interior will be light and airy. We will offer whole fish simply grilled along with lamb, which is eaten often in Greece.” 

From Gulfshore Business Daily

Monday, April 11, 2022

 

Let's Talk... Did You Know!

HOFFMANN BUYS OLD CORKSCREW GOLF CLUB, COTTAGES FOR $19 MILLION

Naples-based Hoffmann Family of Companies closed this month on the Old Corkscrew Golf Club and the adjacent Cottages at Old Corkscrew in two real estate transactions totaling $19 million. 

“We officially closed on Old Corkscrew," said Naples billionaire David Hoffmann, founder of Hoffmann Family of Companies. “We also bought the adjoining land next to Old Corkscrew, about 20 acres where we’re going to develop.” 

Hoffmann Old Corkscrew Golf Club LLC acquired Old Corkscrew Golf Club in Estero for $14.5 million from Old Corkscrew Development Group LLC, the recorded deed shows. Although Hoffmann announced the sale last fall, it didn’t actually close until last Friday. 

READ MORE HERE 

Published in Gulfshore Business Daily

Let's Talk...

Did You Know!

NAPLES AIRPORT AUTHORITY LAUNCHES A LIVE FLIGHT TRACKING SYSTEM FOR PUBLIC USE 
The Naples Airport Authority launched a new flight tracking system on its website where the public can watch time-delayed movement of aircraft arriving, departing and flying over Naples Airport and Southwest Florida. The new system also allows users to submit a written comment regarding aircraft operations on the tracking system website while noise comment information is documented, time-stamped, and submitted to the NAA to be included as part of the noise comment report which is reviewed and submitted to the NAA Board of Commissioners and the Noise Compatibility Committee. 

From Gulfshore Business Daily

Friday, April 1, 2022

 Let's Talk... HOT Off The Press...

SKYSAIL OPENS FOR PRESALE IN GOLDEN GATE ESTATES by Neal Communities 

The new SkySail community, a 642-acre parcel that includes 246 acres of lakes, on Oil Well Road in Golden Gate Estates opened for presale with a variety of homesites within three sections. With presales by appointment only until after the community’s grand opening, SkySail homes offering 1,500 to 3,5000 square feet with up to five bedrooms and two- and three-car garages will begin in the $500,000s. Neal Communities plans to build up to 1,500 single-family and multifamily homes in the community. 

News provided by newsletters@gulfshorebusiness.com

Thursday, March 24, 2022

Let's Talk! 

HOT Off The Press... 


NAPLES HOUSING INVENTORY DROPS IN FEBRUARY
Overall housing inventory in Naples dropped 72% to 1,176 in February compared to February 2021, according to the Naples Area Board of Realtors, which tracks home listings and sales within Collier County, excluding Marco Island. Overall pending sales declined 36% to 1,480, while new listings dropped by 14% to 1,261. There were 804 closed sales in February, down 40% from February of last year, with an average of 23 days on the market, down 69%. The median closed price increased 38% to $550,000. 

The full report will be out on Friday , March 25th, 2022.

Tuesday, March 22, 2022

 Let's Talk... HOT Off the Press...

AGREEMENT REACHED REGARDING NOISE ISSUES AT CELEBRATION PARK 


An agreement has been reached regarding noise complaints about the amplified music at Celebration Park, the food truck park on Bayshore Drive in East Naples. Some of the details of the agreement include limiting bands to two singers and one drum set, having two speakers for amplification but having them face down and toward the street, sound barriers must be installed, and the music has to end by 9 p.m. during the week and by 9:30 p.m. on weekends. Rebecca Maddox, the owner of Celebration Park, and the residents who live in the area are happy with a resolution after a three-year battle. "I'm going to continue every day to try to make everyone happy. That's hard," Maddox said. The case will be closed once the permit is finalized and fines are paid, 
WINK News reports



Sunday, March 20, 2022

Let's Talk... 

Guess Who Moved Locations!?

Shannon Green FIine  Jewelry Moves To Crayton Cove in the Olde Naples area...


Shannon Green Fine Jewelry has opened a new location in Crayton Cove in Naples, next to Bleu Provence. The jewelry shop has a series of trunk shows scheduled through May. Shannon Green Long is the proprietor of the namesake business, which was formerly located in the Naples Design District for 10 years.

Wednesday, March 16, 2022

Let's Talk... Did You Know!?

Naples Fashion Week funds go to New Haven :0)

Naples Fashion Week celebration will host dozens of events at their bi-annual fashion show with proceeds going to Youth Haven. The event will be a week-long celebration from April 4 to April 11 with its, “Designers Show” on April 11 at the Gulfshore Playhouse where it will feature many of the fashion show’s designers. 

The event will be catered by a chef and include wine and champagne along with a silent auction where attendees can bid on exclusive items 

“BRINGING HAPPINESS TO YOUNG CHILDREN AND PREPARING TEENS FOR ADULTHOOD IS THE ENERGY THAT DRIVES OUR PASSION FOR MAKING THIS FASHION WEEK A HUGE SUCCESS. YOUTH HAVEN WILL BE AN INTRICATE PART OF MAKING FASHION WEEK HAPPEN, SOME OF THE CHILDREN WILL MODEL IN THE MAIN FASHION EVENT AND WILL WORK PART-TIME FOR OUR ORGANIZATION.” 

Beth Catizone, founder of Naples Fashion Week 

Beth Catizone, founder of Naples Fashion Week 

Events throughout the fashion week will include a runway fashion show at Casanova Boutique, Dillard’s, and The Club Room, sip & shop at stores, and other music and dance performances. 

The show is said to feature a broad range of haute couture for all ages and sizes; certain events will be free and some will need pre-purchased tickets ; prices will range from $20 to $399 depending on the event.

Information Provided by... https://brightgram.com/naples-fl

Let's Talk...

3 workforce/affordable housing projects break 

ground in East Naples area...

Read All About It With Gulf Shore Life Today!
www.gulfshorebusiness.com    

 Let's Talk Hot Off The Press...

APARTMENTS UNDER CONSTRUCTION ON VANDERBILT BEACH ROAD IN NAPLES

Construction on another Naples-area apartment community recently began in Vanderbilt Commons on Vanderbilt Beach Road west of Collier Boulevard.

FL Star broke recently ground on the 48-unit Vanderbilt Apartments, a three-story, 60,000-square-foot building on 2.5 acres. The building’s site and foundation work will be completed this week and vertical construction should take about a year, said Gary M. Hains of FL Star. 

Vanderbilt Apartments is being developed by an affiliate of FL Star, a conglomerate of real estate entities led by Hains and David E. Torres. FL Star purchased vacant commercial lots 5 and 6 of Vanderbilt Commons in July 2021 for 1.8 million.

Read All About It With Gulf Shore Life Today!
www.gulfshorebusiness.com    

Sunday, March 13, 2022

 Let's Talk Did You Know...

Nutty Nickel

The Friday File: With the price of nickel recently quintupling in value to $100,000/metric ton, a nickel is now worth about 16 cents in metal or “melt” value. Each nickel weighs five grams and contains 1.25 grams of nickel, worth 12.50 cents and 3.75 grams of copper, which at $10,000/metric ton is worth 3.75 cents. Note, as of 4/16/07 the mint has prohibited the melting of pennies and nickels.
Econ70 - Home of GraphsandLaughs
Elliot F. Eisenberg, Ph.D.
elliot@graphsandlaughs.net
(202) 306 2731
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Let's Talk Hot Off The Press...

PHELAN FAMILY LAUNCHES TWO FILLETS DINING 

CONCEPT IN NORTH NAPLES!

Phelan Family Brands launched a new brand this week with the opening of Two Fillets, a seafood and steak restaurant and market in North Naples. 

Two Fillets, promoted as “where coastal charm and Florida flavor meet,” refreshes the former site of Randy’s Fishmarket Restaurant and Deep Lagoon Seafood. It’s the 20th restaurant for Phelan Family Brands, which also includes Pinchers, The Bay House, Deep Lagoon, Texas Tony’s Rib & Brewhouse, Phuzzy’s Boat Shack and Island Crab Co.

READ MORE HERE 

Tuesday, March 8, 2022

Let's Talk... Did You Know!?

HELP AVAILABLE FOR COLLIER COUNTY RESIDENTS FACING FORECLOSURE, EVICTION, HOUSING INSTABILITY ... News Provided by Gulfshore Business Daily


Collier County is expanding its scope to help more residents who are struggling to pay rent, mortgage or utilities. The county has allocated $7 million of the American Rescue Plan Act funds toward lessening the housing affordability issue. Qualifications include proof of income between 81% and 140% area median income (AMI), Collier County residency and financial strain during COVID-19. Each qualified applicant may receive a maximum of $25,000 that will be paid directly to the landlord, mortgage provider or utility company. The county also is accepting Emergency Rental Assistance Program applications from those who need similar assistance and whose income is at or below 80% AMI. Interested individuals can apply online at CollierFLAssistance.com. The county also has entered into agreements with Legal Aid, which provides legal services for those facing foreclosure and eviction; and HELP, which provides financial counseling services.  


If you have News Contact...

Send news and information for Gulfshore Business Daily to info@gulfshorebusiness.com.

Friday, February 25, 2022

 Let's Talk Hot Off The Press...

     For the full report please contact me by e-mail...

     Michelle J. DeNomme, REALTOR, GRI 

    Cellular Phone I  239.404.7787

    E-Mail : Michelle@NaplesHomeSweetHome.com

    Berkshire Hathaway HomeServices Florida Realty
    Office: 239.659.2400

    Website:  www.NaplesHomeSweetHome.com        
    Blog Page:   http://michelledenomme.blogspot.com  
    Twitter: DeNommeRealtor

    Office Address: 621 Fifth Avenue South Naples, Florida 34102

Member Naples Board Of REALTORS 
Member Florida REALTORS 
Member National Association Of REALTORS 
Graduate REALTOR Institute (GRI)
Graduate (C2EX) NAR Commitment To Excellence

Sunday, February 13, 2022

Let's Talk...

Hot Off The Press...



Let's Talk!

Home Sellers Capitalized on Surging 

Buyer Demand in 2021

 For the Full Report Contact Me Today!

Michelle@NaplesHomeSweetHome.com 

Naples, FL (January 27, 2022) – Demand for the Naples lifestyle eclipsed all expectations and helped to break several home-sales records in 2021. The year ended with a 25.8 percent increase in overall closed sales and a 20.3 percent increase in median closed price (year over year). Broker analysts reviewing the December and Year End 2021 Market Reports released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), agree that the Naples housing market is going through a transformation and the last 18 months of record sales activity will not be sustainable in 2022. They strongly urge that sellers and buyers work with a local REALTOR® to help them navigate transactions smoothly with the least obstacles.

 Let's Talk...

UPDATE: County Commissioners Approve Oil Well Rd. Project 

Collier County commissioners Tuesday unanimously approved spending $39 million for the first phase of the project to widen Oil Well Rd. between Immokalee Rd. and Camp Keais Rd.

The board approved awardiing the contract to Mitchell & Stark Construction Co., which was the low bidder for the project at $34,977,999.18. The project was budgeted at $40 million and the county manager is recommending that the commissioners approve a reserve of $4,207,000 for "funding allowances." Residents of the Waterways development at Immokalee Rd. and Oil Well Rd. raised objections to the widening, but commissioners decided that it was too late to change course.

Barron Collier Cos. Vice President Tom Sansbury said in an interview that crews could be starting work in February. Some independent work has already begun to prepare the area from which fill will be dug. That work will eventually result in the creation of a recreational lake.

The first phase of the project is expected to take about 18 months and will complete widening of two parts of Oil Well Rd. -- from two lanes to four lanes from Immokalee Rd. to Everglades Blvd. and from two lanes to six lanes from Oil Well Grade Rd. to just east of Ave Maria Blvd.

Collier County Commissioner Jim Coletta would like to see the middle piece done as quickly as possible, as well as a widening of Camp Keais Rd.

"It's my dream that in the next two or three years people will be able to drive from Naples to Immokalee on four or six-lane roads all the way."

That could be achieved, he said, if a settlement is reached between the state of Florida and  Indian tribes that will determine a contribution to local governments from casino revenues. Mr. Coletta said that such a settlement would enable completion of a number of public works projects in Eastern Collier County without any increase in taxes.


Let's Talk Did You Know?

GULFSHORE BUSINESS READERS WANT PORTILLO’S, WHITE CASTLE IN SOUTHWEST FLORIDA 

Gulfshore Business readers are craving Portillo’s and White Castle. When asked what chain restaurant they’d want to see come to Southwest Florida in the latest reader poll, voters showed their support for Portillo’s, the Chicago-based fast-casual restaurant specializing in hotdogs, Maxwell Street Polish and Italian Beef. It led the way with 14.4% of the vote. The nearest Portillo’s location is in the Tampa area. White Castle, the regional hamburger chain restaurant that opened its largest store in Orlando last year, followed closely with 13.5% in the open-ended poll. In-N-Out Burger, which primarily operates in California and the Southwest, took home 10.6% of the vote. Texas-based Whataburger (4%), South Korea-based Bonchon Chicken (3.3%), North Carolina-based Bojangles (3%), Texas-based Chuy’s Tex-Mex (2.6%), Louisiana-based Raising Cane’s Chicken Fingers (2.6%), Texas-based Maggiano’s Little Italy (1.9%) and California-based Jack in the Box (1.9%) rounded out the top 10. 

Wednesday, January 26, 2022

Let's Talk New Developments 
In Collier County, Florida!



 

Let's Talk... Did You Know?

NOSH AT NAPLES BAY NOW OPEN FOR WATERFRONT DINING

Chef Todd Johnson and his wife and partner, Dana Johnson, have opened Nosh on Naples Bay, an upscale, modern dining experience at Naples Bay Resort, 1490 Fifth Ave. S., Suite 101, in Naples. Featuring a waterfront location with boat access and an open-kitchen concept, Nosh on Naples Bay seats 120 indoors, and will soon also seat 40 outdoors. Reservations are available for private event space for up to 32 guests. Johnson, a certified sommelier who curated the wine list for the restaurant, brings an extensive, award-winning culinary background to his newest concept. He has served as a celebrity chef for some of the area’s top charities, including the Southwest Florida Wine & Food Fest, and plans to host private wine dinners and local charitable events.

 Let's Talk...

COLLIER COUNTY RANKS AMONG MOST PAYCHECK-FRIENDLY PLACES IN FLORIDA
Collier County ranked No. 8 in SmartAsset’s study of “Most Paycheck Friendly Places” in Florida. The study compared income levels in counties across the country to determine where growth levels were the greatest. Collier County was listed with a semi-monthly paycheck of $1,676, 1.57 in purchasing power, 4.7% in unemployment rate, 4.4% in income growth and an income growth index of 58.03. The full methodology and results can be found on SmartAsset’s website.

Let's Talk Shrimp...

62ND SHRIMP FESTIVAL TO RETURN ON FORT MYERS BEACH

The Fort Myers Beach Lions Club will host its 62nd annual Shrimp Festival March 12 and 13. The festival was canceled for the past two years due to the pandemic. On Monday, the Fort Myers Beach Town Council approved the permit, WINK News reports. The former president and marketing chair for the Fort Myers Beach Lions Club, Shelby Stites, says five events will be spread out across the two days. The festival will be held outside, and there will be extra hand-washing stations throughout the whole parade and in the arts and crafts expo area, Stites says.

 Let's Talk HOT Of The Press... NABOR 2021 Year End Report!

Stay tuned for the News on January 27th, 2022










REPORT: 

NAPLES HOUSING INVENTORY DROPS 77% IN YEAR-END 2021

Overall inventory in the Naples housing market dropped 77% to 1,042 in year-end 2021 compared with year-end 2020, according to the Naples Area Board of Realtors Year-End 2021 Market Report. Overall pending sales increased by 15% to 18,664, and the median closed price also increased by 20% to $445,000. New listings decreased by 6% to 14,755, while overall closed sales increased by 26% to 15,523. The average number of days on the market declined 52% to 44. NABOR tracks home listings and sales within Collier County, excluding Marco Island.

Tuesday, January 4, 2022


 



Let's Talk Hot Off The Press...
Naples Lifestyle Continues to Fuel Demand!
      
Naples, FL (December 22, 2021) – Pre-season buyers 
descended on the Naples real estate market in November 
pushing the area’s overall inventory down 76.1 percent to 
1,198 homes from 5,006 homes in November 2020. 
Demand for the Naples lifestyle during November also 
influenced the median closed price which increased 31.3 
percent to $499,000 from $380,000 in November 2020. 
Broker analysts reviewing the November 2021 Market 
Report released by the Naples Area Board of REALTORS® 
(NABOR®), which tracks home listings and sales within 
Collier County (excluding Marco Island), predict buyer 
demand to continue as homeowners in Northern states 
seek lifestyles with fewer COVID-19 restrictions and 
international buyers seek investments in the U.S. 
real estate market.



To view the Market Stats please click below...

For the full report please e-mail me at...
Michelle@NaplesHomeSweetHome.com  
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