Let's Talk... Real Estate In Southwest Florida Berkshire Hathaway HomeServices Florida Realty!

Wednesday, April 9, 2014

Let's Talk About Your Interest in the Naples Real Estate Market...

If you or someone you know is looking for the most current data on our Real Estate Market in the Collier or Lee County Market you have found the right REALTOR, GRI to help you through the web of information that is confusing and sometimes misleading! I and my team have put together information for our Buyers and Sellers that is in real time and provides my customers with the correct information to make an informed decision when Buying or Selling their home. Contact me today so that we can guide you through each step of the way in your next Real Estate decision! My Mission is to exceed expectations using the highest standards of discretion and confidentiality, while tirelessly pursuing my customers best interest. Utilizing talent, competency and an unwavering work ethic to achieve the best results in every Real Estate Transaction.
Let's Talk Today, feel free to contact me by e-mail or by calling 239.659.2400.

Let's Talk about Your Move to Serafina at Tiburon Today!!!

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 3rd 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!

Berkshire Hathaway HomeServices Florida Realty

Michelle@NaplesHomeSweetHome.com

Cellular Phone 239.404.7787

www.NaplesHomeSweetHome.com

Michelle J. DeNomme, REALTOR, GRI

Office: 239.659.2400

E-Fax Number: 239.236.5550

Blog Page: http://michelledenomme.blogspot.com

Twitter Me: DeNommeRealtor

Positive Signs Crop Up Heading into Spring Homebuying Season

By Pete Bakel

RISMEDIA, Wednesday, April 09, 2014— Recent month-to-month volatility in the housing market has softened the ongoing recovery. However, the majority of the Fannie Mae National Housing Survey indicators on consumer attitudes have continued to move in a positive direction during the past year, which may portend a pick-up in homebuying and selling activity this spring. According to Fannie Mae’s March 2014 National Housing Survey results, the share of survey respondents who say it is a good time to sell a home climbed to 38 percent last month, compared to 26 percent at the same time last year. In addition, the share who believe it would be easy to get a mortgage today increased to 52 percent, compared to 47 a year ago, and tying the all-time survey high. Americans' attitudes regarding their personal finances have also improved – those who expect their financial situation to worsen during the next 12 months decreased to 12 percent, a significant drop from 21 percent at the same time last year, and the share who say their personal financial situation improved during the past year reached an all-time survey high of 40 percent.

"The housing recovery continues to proceed in fits and starts. Rising mortgage rates and a lack of supply have dampened housing market momentum," says Doug Duncan, senior vice president and chief economist at Fannie Mae. "However, we see several positive signs going into this year's spring homebuying season, compared with last year. For example, consumers are less pessimistic about their personal finances, and more optimistic about the current selling environment and their ability to get a mortgage. Still, those who are pessimistic about buying or selling a home today tend to point to economic conditions as the primary issue, and most consumers continue to say the economy is on the wrong track. Looking forward, we expect to see a pick-up in economic growth later in the year, and this may boost the confidence of prospective buyers and sellers."

Homeownership and Renting

• The average 12-month home price change expectation decreased from last month, to 2.7 percent.
• The share of respondents who say home prices will go up in the next 12 months decreased slightly to 48 percent, while the share who say home prices will go down decreased to 5 percent, an all-time survey low.
• The share of respondents who say mortgage rates will go up in the next 12 months decreased to 54 percent, and those who say they will go down fell to 3 percent, tying the all-time survey low.
• Those who say it is a good time to buy a house increased slightly from last month to 69 percent and those who say it is a good time to sell a house increased 4 percentage points from last month to 38 percent.
• The average 12-month rental price change expectation decreased slightly from last month to 4.2 percent.
• Fifty-two percent of those surveyed say home rental prices will go up in the next 12 months, a slight increase from last month.
• Fifty-two percent of respondents thought it would be easy for them to get a home mortgage today, tying the all-time survey high first reached in January.
• The share who say they would buy if they were going to move increased 2 percentage points to 68 percent.

The Economy and Household Finances

• The share of respondents who say the economy is on the right track continued on a downward trend – decreasing 2 percentage points from last month to 33 percent.
• The percentage of respondents who expect their personal financial situation to stay the same over the next 12 months increased 4 percentage points to 45 percent, tying a survey all-time high.
• The share of respondents who say their household income is significantly higher than it was 12 months ago decreased 3 percentage points, to 21 percent.
• The share of respondents who say their household expenses are significantly lower than they were 12 months ago fell one percentage point to 8 percent, tying the all-time survey low.

For more information, visit http://www.fanniemae.com/progress.

Friday, March 14, 2014

Let's Talk Hot Off the Press... February Real Estate Outlook in Collier County, Florida

Let's Talk Hot Off The Press...

February Market Activity Strong,

Seasonal Outlook Good!

Naples, Fla. (March 14, 2014) - Over 40 contracts were initiated every day on average in February making it a busy month for Collier County REALTORS® according to the February 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Overall pending and closed sales increased 5 percent each from 10,629 pending sales in the 12-months ending February 2013 to 11,151 in the 12-months ending February 2014, and 9,308 closed sales in the 12-months ending February 2013 to 9,735 in the 12-months ending February 2014.

Overall closed sales decreased 5 percent in the $300,000 and below price segment, which encompasses almost two-thirds of the existing home sales market, from 6,149 in the 12-months ending February 2013 to 5,823 in the 12-months ending February 2014. Conversely, the February report showed a 20 percent increase in closed sales for all homes over $300,000 from 3,159 closed sales in the 12-months ending February 2013 to 3,912 for the 12-months ending February 2014. The largest decrease in inventory continues to be in the $300,000 and below price segment which saw a 20 percent decrease versus a 12 percent decrease in inventory for all other price segments combined.

"Homes under $300,000 made up 66 percent of the market in 2013 but we are starting to see that figure decline in 2014," said Pat Pitocchi, NABOR® president and corporate trainer at Downing-Frye Realty. "Two factors are driving this change: median closed prices are going up and pushing these homes into a higher price category; and non-traditional sales [short sales and foreclosures] are disappearing."

As the report demonstrated, of the 670 homes that closed in February 2014, only 82 were non-traditional sales. That's a 10 percent decrease from a year ago when 687 homes closed in February 2013, of which 152 were non-traditional.

The report continued to show the majority of activity occurred on either end of the market with the middle market showing stability. Overall median closed prices for homes $300,000 and below increased 14 percent from $145,000 in the 12-months ending February 2013 to $165,000 for the 12-months ending February 2014, while overall median closed prices for homes $2 million and above increased 7 percent from $2,805,000 in the 12-months ending February 2013 to $3,000,000 in the 12-months ending February 2014. Yet for homes priced in between these two price categories (i.e., $300,000 - $2 million) the report shows virtually no change in overall median closed prices from the 12-months ending February 2013 to the 12-months ending February 2014.

The NABOR® 2014 February 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® February 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

Closed sales for condominiums in the $2 million and above price category increased 102 percent from 55 in the 12-months ending February 2013 to 111 in the 12-months ending February 2014.
Median home prices in the under $300,000 single-family home market rose 15 percent from $155,000 in the 12-months ending February 2013 to $179,000 in the 12-months ending February 2014.
Overall Days on Market is at 94 for February 2014.
Overall median closed price increased 17 percent from $210,000 in the 12-months ending February 2013 to $245,000 in the 12-months ending February 2014.
Overall inventory decreased by 15 percent from 5,443 properties in February 2013 to 4,633 properties in February 2014.
Pending sales in the condominium market rose 6 percent from 5,356 properties in the 12-months ending February 2013 to 5,696 properties in the 12-months ending February 2014.

Steve Barker, Advising Broker for Equity Realty, and Carmen Vasquez, owner/broker of US Prime Realty, agree and contend that the 2014 season has been one of the busiest ever.

"We are experiencing multiple offer situations for homes priced on either end of the market," said Vasquez. Barker added, "People are not getting a second chance to take a second look at homes for sale in the lower and upper price ranges because that's where the majority of sales activity is happening right now. Buyers must make quick decisions to avoid losing the home they want."

Mike Hughes, Vice President and General Manager of Downing-Frye Realty summed up real estate activity by stating, "This season is turning out to be good for both buyers and sellers. Basically what the report is telling us is that inventory remains tight and pricing steady. As a result, buyers must act fast. The home you look at today may likely be gone tomorrow, so it's important to have a professional REALTOR® partner on your side to help you identify value; negotiate a fair price, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment; and avoid missing a great opportunity."

As always if you have any questions regarding the Collier County Market please feel free to contact me by calling 239.404.7787 or by e-mail.

I hope you have a fantastic weekend!

Michelle

View February 2014 Market Statistics

To view the entire report, visit www.NaplesArea.com

Berkshire Hathaway HomeServices Florida Realty

Michelle@NaplesHomeSweetHome.com

Cellular Phone 239.404.7787

www.NaplesHomeSweetHome.com

Michelle J. DeNomme, REALTOR, GRI

Office: 239.659.2400

E-Fax Number: 239.236.5550

Blog Page: http://michelledenomme.blogspot.com

Twitter Me: DeNommeRealtor

Tuesday, February 25, 2014

Let's Talk about your next move...
135 Colonade Circle!

           Take a tour with me of 135 Colonade Circle!
                               http://tours.napleskenny.com/164863

Let’s talk…Talk about the hidden treasure of Park Shore, The Colonade is what you have been looking for! This private enclave of only 128 units, private clubhouse with pool and gym! This spectacular 2nd floor residence has a wonderful south westerly view of the Park Shore skyline! The spacious living area has a private elevator, tile floors on the diagonal with marble inlays, art niches, plant shelves adding volume, formal dining with a built-in mirror and glass dry bar. With 3 bedrooms and 2 1/2 bathrooms overall. The kitchen overlooks the breakfast nook with a bay window with landscaped views. The Colonade is one of the most beautifully maintained communities in all of Park Shore with lush landscaping. You’ll enjoy living within walking distance to Venetian Village and the private access Park Shore beach. This residence is perfect for year round living or your very own seasonal retreat. Let’s talk about your move to The Colonade today!