Friday, February 20, 2015

Let's Talk... Hot off the Press!!!
REALTORS® Complete 1,100 Written Contracts 
and 600 Closed Sales in January
 
Naples, Fla. (February 20, 2015) - The Naples area housing market is off to a solid start according to broker analysts who evaluated the January 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Inventory declined a moderate 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015, and overall closed sales in every price category above $300,000 increased by double digits in the 12-months ending January 2015. Overall median closed price increased 13 percent to $273,000 in the 12-months ending January 2015 from $242,000 in the 12-months ending January 2014. 
 
"We're not seeing as dramatic a decrease in inventory this January as in last January," said Mike Hughes, NABOR® president and Vice President/General Manager of Downing-Frye Realty. Inventory decreased only 5 percent from January 2014 over January 2015, compared to a decrease in inventory of 15 percent from January 2013 over January 2014. Hughes believes this slowing of inventory decline may be a good sign and remarked that "we should expect another tremendous season for home sales." 
 
As typically seen during the first three months of the year, cash sales are also on the rise. In January, the 394 cash sales reported accounted for 70 percent of home sales transactions in the Naples area. The report also showed sales of foreclosed homes in January were at their lowest - 64 - since NABOR® began reporting home sales activity in July 2009 when foreclosures numbered 240.
 
"Activity in the luxury home market continues to be the most impressive," said Coco Waldenmayer, a managing broker at John R. Wood Properties. According to the report, pending sales, based on signed real estate contracts, for single family homes in the $1 to $2 million category increased 53 percent from 36 pending sales in January 2014 to 55 in January 2015, while in the same price category in the condominium market, pending sales decreased 22 percent from 36 in January 2014 to 28 pending sales in January 2015. Not surprisingly, the inventory for condominiums in this $1 million to $2 million category had the largest decline too at 26 percent.
 
As pointed out by several broker analysts during NABOR®'s 2014 annual media conference on January 16th, buyers looking for single family homes in 2015 will be pleased. In fact, according to Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., affordable single-family homes are not appreciating out of control, as often speculated. "The median closed price for single-family homes in the $300,000 and below category increased 16 percent from January 2013 to January 2014. Yet the January report showed an increase of only 8 percent from $178,000 in January 2014 to $193,000 in January 2015."
 
"The key is to work with a REALTOR® that knows the Naples market," said Pat Pitocchi, NABOR® media relations chairperson and corporate trainer at Downing-Frye Realty. "Regardless of whether you are in the market to purchase a starter home or a seasonal residence, a REALTOR® can simplify the process and help you find exactly what you want."
 
The NABOR® January 2015 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. The NABOR® January 2015 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 
  • Overall pending sales decreased 1 percent from 1,117 in January 2014 to 1,103 in January 2015.
  • Pending sales for single-family homes increased 5 percent from 510 in January 2014 to 536 in January 2015.
  • Pending sales for condominiums in the $300,000 to $500,000 category increased 51 percent from 82 in January 2014 to 124 in January 2015.
  • Overall closed sales decreased 1 percent from 9,835 in the 12-months ending January 2014 to 9,759 in the 12-months ending January 2015.
  • Overall closed sales for single-family homes in the $2 million and above category increased 37 percent from 213 in the 12-months ending January 2014 to 292 in the 12-months ending January 2015.
  • Overall median closed price increased 13 percent from $242,000 in the 12-months ending January 2014 to $273,000 in the 12-months ending January 2015.
  • Overall inventory decreased 5 percent from 4,776 homes in January 2014 to 4,515 homes in January 2015.
  • Average days on market for January 2015 were 85. 
According to the report, the inventory of homes for sale in the $300,000 and below category in January 2015 encompassed about 33 percent of the market at 1,479 units. And while overall inventory fell 5 percent from 4,776 in January 2014 to 4,515 in January 2015, the $300,000 and below category experienced the largest drop in inventory (-24%) from 1,938 in January 2014 to 1,479 in January 2015. Despite a sinking of inventory in the $300,000 and below price category, there were increases in inventory in three other price categories: $330,000 to $500,000 increased 15 percent; $500,000 to $1 million increased 8 percent; and $2 million and above increased 12 percent from January 2014 to January 2015.
 
The greater Naples area housing market has had dramatic changes in inventory, price, availability and demand over the past year; more so in some neighborhoods than in others. It is because of those changes and the increasingly complex documentation involved in buying and selling homes that buyers and sellers are working closely with a REALTOR®. When you work with a REALTOR® who understands the diverse tapestry of the Naples area real estate market, you are partnering with a professional who has the experience you need to buy or sell with confidence in either the new home or resale markets.


As always if you have any questions about our Market here in South West Florida feel free to contact me by calling 239.404.7787 or by e-mail at Michelle@NaplesHomeSweetHome.com . You can always visit my web-site and become my VIP Customer to view all of our market Active, Pending and Closed Sales. I also have placed a NEW Naples Development Map to help navigate you through our New Construction here in Naples; with over 35 new Development to learn about. I can help you discover endless possibilities with your next transaction.
Let's Talk about your next move today!
Michelle
 
 
To view the entire report, visit www.NaplesArea.com
 
We are the OneGroupNaples!  
Michelle J. DeNomme, REALTOR, GRI
Cellular Phone:  239.404.7787
Berkshire Hathaway HomeServices Florida Realty
Office: 239.659.2400
E-Fax Number:  239.236.5550
Website:  www.NaplesHomeSweetHome.com        
Twitter Me: DeNommeRealtor
 
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Tuesday, February 10, 2015



 
Let's Talk... Naples New Developments together today!
I am your New Development Specialist with over 35 New Developments here in Collier County
to offer you! I can represent you throughout the entire process!
I have outlined some of the key reasons that working together will benefit you below…

Let's Talk today about your next move!
Buying a new home in a New Development is exciting. You get to build your dream from the ground up, choosing your lot, your model, interior finishes and upgrades. But like any home purchase, buying new construction is serious business, an expensive transaction with many financial implications. That’s why it’s a good idea to contact me to represent you to navigate through the entire process...
 
Here’s why:
Builder sales reps represent the builder.
Often builders have their own agents on site to answer questions, assist people who walk in, and ultimately help with a purchase. Builder reps provide a valuable service: They can explain differences between models and floor plans and share information about financing options, upgrades and specials. But it’s important to remember that builder reps represent the builder, as they are contractually obligated to do. “Realtors® are trusted resources for real estate information and can help home buyers navigate the increasingly complex home-buying process,” said National Association of Realtors® President Gary Thomas. “The buyer agency agreement ensures the buyer that his or her Realtor® will represent the interests of the buyer alone and not the seller.”
 
Fiduciary responsibility…
One of the most important considerations for any buyer is fiduciary responsibility. When you retain the services of a Realtor®, their responsibility is to you. That means you have an expert who is looking out for your best financial interests, an expert who’s contractually obligated to protect you. A Realtor® can help you navigate the new-construction contract; help you understand how specific clauses, riders and upgrade options affect you; and make sure you know what you need to before you sign on the dotted line.
 
Negotiating a better deal…
Finding the right model and picking your upgrades is the fun part. Once you’re ready to sign the contract, a Realtor® can work on your behalf to negotiate the terms, from upgrade options to financing and closing costs. In addition, a Realtor® can present other options for financing or might be able to work with the builder’s lender directly to get you a better rate for your mortgage.
 
Shepherding your new home to closing…
Signing a contract with a builder is just the beginning. You must also line up financing, work with title companies and attend numerous inspections throughout the construction. A Realtor® can manage that process and can accompany you on inspections to ensure you’re not missing anything at each construction milestone.
 
Let me guide you throughout the process, contact me today before you decide to visit any New Home Site Development/Community so that I can provide you with all you need to know in making an informed decision!  

Your New Development Specialist...
Michelle DeNomme, REALTOR, GRI
Cellular Phone:  239.404.7787
Berkshire Hathaway HomeServices Florida Realty
Office: 239.659.2400
E-Fax Number: 239.236.5550
Twitter Me: DeNommeRealtor

 
 
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Wednesday, February 4, 2015




Let's Talk... Bolero at Tiburon!!! This “Valencia” Model Floor Plan with the most Breathtaking Views in all of “Bolero.” Once you enter the Private Gated Community of Bolero you will be Enchanted by an Enclave of 20 low rise buildings each with three floors. Enter through the Exquisite,  First Floor Entrance and step into over 1700 Square Feet of Living Area, plus a Fantastic  Screened Lanai. This Condominium features a Magnificently Designed Floor Plan with a Living Room which leads to your Private Lanai Area.  While living and playing you will enjoy basking in another Glorious Day with Views of the Naturally Preserved Surroundings, such as the Tiburon Greg Norman Designed Golf Course with its Tranquil Water Features.  This home features Two Bedrooms with Den, Two full Bathrooms and a Gourmet Kitchen.  Celebrate entertaining with your family and friends in your comfortable and cozy setting. Come and take a look at this Pristine First Floor home that is highly sought after in the enclave that only Bolero has to offer! Make this home your next Home Sweet Home! Let's Talk today about your Buyer Incentive!

Come and take a tour with me... http://tours.napleskenny.com/286207


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Friday, January 16, 2015



Let’s Talk… Luxury Market Gains Momentum in 2014!!!
 
Naples, Fla. (January 16, 2015) - Overall closed sales for homes in every price category above $300,000 saw double digit increases in 2014. As a result, broker analysts contend that 2014 was one of the best years in Naples real estate history for closed sales. According to the Annual 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), inventory increased 16 percent for homes in the $2 million and above price category from 394 in 2013 to 457 in 2014. The report also showed that overall closed sales in this luxury market price category increased 33 percent from 299 homes in 2013 to 399 homes in 2014, yet the overall median home price in this price category held steady year over year at $2,950,000.

"Even though the report shows that the overall inventory decreased 6 percent in 2014, it increased in several price categories including the very high end. Interestingly however, and as indicated by the report, prices for luxury homes held steady. There appears to be clear indication of price stabilization," said Coco Waldenmayer, managing broker at John R. Wood Properties.

"Yes. That's true," commented Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc. "The market in general is trending toward a balance of supply and demand and value stabilization. Some market sectors may have reached their peak for this economic cycle in the fall of 2014 while other areas will demonstrate continued value growth in 2015."



Buyers looking for single family homes in 2015 will be pleased, as the report indicated a 3 percent increase in inventory of single family homes from 2,260 in 2013 to 2,321 in 2014. As noted by Rick Fioretti, NABOR® President Elect and Broker Associate with Berkshire Hathaway Home Services Florida Realty, this may be due to what the industry calls a "sleeping inventory," or sellers who were unaware of the market's improvement and upon exploring their options with a REALTOR® decided to place their home on the market for sale.



While closed sales stood firm at a 3 percent increase for condominiums in 2014, inventory in the condominium market did not fare as well as single family home inventory in 2014. The report indicated a 14 percent decrease in condominium inventory from 2,354 in 2013 to 2,030 in 2014. The only price category that experienced an increase in inventory was the $300,000 to $500,000 price category. It increased 13 percent from 408 condominiums in 2013 to 462 condominiums in 2014. Broker analysts indicate that this increase in inventory may be due, in part, to bracket creep, which is what happens when a home's value increases to a point that it surpasses its current category's threshold and advances into the price category above it. The fact that inventory for condominiums in the $300,000 and below price category decreased 23 percent is further evidence of the bracket creep.



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

  • Overall pending sales decreased 5 percent from 11,065 in 2013 to 10,494 in 2014.
  • Pending sales for single family homes in the $2 million and above price category increased 28 percent from 249 in 2013 to 319 in 2014.
  • Pending sales for condominiums in the $1 million to $2 million category increased 11 percent from 262 in 2013 to 292 in 2014.
  • Overall closed sales increased 1 percent from 9,723 in 2013 to 9,826 in 2014.
  • Overall closed sales for homes in the $1 million to $2 million category increased 21 percent from 516 in 2013 to 623 in 2014.
  • Overall closed sales for homes in the $2 million and above category increased 33 percent from 299 in 2013 to 399 in 2014.
  • Overall median closed price increased 13 percent from $240,000 in 2013 to $270,000 in 2014.
  • Overall inventory decreased 6 percent from 4,614 homes in 2013 to 4,351 homes in 2014.
  • Average days on market for 2014 was at 82.

As noted by Bill Coffey, Broker Manager of Amerivest Realty Naples, the gain in Naples housing market's momentum is evident when you compare quarterly sales activity for 2014. Closed sales increased 5 percent in the first quarter, but then fell 4 and 11 percent respectively during the second and third quarters. But in the fourth quarter, sales jumped 9 percent. This increase is a welcome sign and indicates consumer confidence in the Naples area housing market.



Industry predictions of a self-correcting housing market have come true. A return to a balanced housing market can be seen in the NABOR® Annual 2014 Market Report because, even though sales increased by double digits for homes above $300,000, the median home price did not shift substantially.



The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.

As always if you have any questions please feel free to contact me by calling 239.404.7787 or by e-mail. I have place the Market Stats below for your review.

I hope you have a fantastic day!

Michelle



View December 2014 Market Statistics



View 4Q 2014 Market Statistics



View Annual 2014 Market Statistics


We are the OneGroupNaples!  

Michelle J. DeNomme, REALTOR, GRI

Cellular Phone:  239.404.7787


Berkshire Hathaway HomeServices Florida Realty

Office: 239.659.2400

E-Fax Number:  239.236.5550

Website:  www.NaplesHomeSweetHome.com        


Twitter Me: DeNommeRealtor

 

The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.
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Tuesday, December 30, 2014




OneGroupNaples is bringing in the New Year together with you…

Start your Celebration with us on New Year’s Eve at our 5th Avenue Office!
Stop by 621 Fifth Avenue, South from 6:00 to 8:00PM and toast to the
New Year with OneGroupNaples … your southwest florida real estate partners.

Please RSVP to EbenMoran@HotMail.com  by Midnight on December 30th, 2014


We are OneGroupNaples !
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

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Sunday, December 21, 2014

Let's Talk Hot off the Press...
Buyers Rush Luxury Market in November!!!
 
Naples, Fla. (December 19, 2014) - Sellers in the luxury market can expect a very good buyer turnout in the coming months according to a consensus among Naples' top brokers after they analyzed the November 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Their prediction was based on several factors including overall pending sales activity, which rose 11 percent for homes priced over $1 million; overall closed sales activity, which increased 17 percent for homes priced over $1 million; and that the majority of homes sold in the $2 million and above category were cash sales.
 
"Pending and closed sales activity in all price categories above $300,000 was up over the past 12-month period ending in November," said Tom Bringardner, Jr., President/CEO of Premier Commercial.
 
"Activity in the high end market is remarkable coming into season," said Steve Barker, Advising Broker for Equity Realty. "The report indicated that a greater number of homes in the $2 million and above price category were sold [21] as compared to what sold in the same month last year [14]. This is a good sign for sellers in our market because people who have the resources to pay cash for million dollar homes are smart and careful investors. They are not going to make a poor investment decision, which speaks volumes for the value of our market."  
 
The November 2014 report showed heightened activity in several areas of the luxury market including a 40 percent increase in overall closed sales for single family homes priced $2 million and above from 202 in the 12-months ending November 2013 to 282 in the 12-months ending November 2014; an 11 percent increase in closed sales for condominiums priced $1 million - $2 million from 234 in the 12-months ending November 2013 to 260 in the 12-months ending November 2014; and a 35 percent increase in single family median home prices in the Naples Beach area from $739,000 in the 12-months ending November 2013 to $1,000,000 in the 12-months ending November 2014.
 
"Median price in the Naples Beach area single family home market can not continue to increase at the current rate indefinitely," said Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., who added that, despite aggressive activity in new construction, the report indicated that inventory in the resale market continued to decline.
 
The NABOR® November 2014 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. The NABOR® November 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 
  • Overall pending sales decreased 2 percent from 840 in November 2013 to 825 in November 2014.
  • Pending sales for single family homes in the $300,000-$500,000 price category increased 32 percent from 99 in November 2013 to 131 in November 2014.
  • Pending sales for single family homes in the $2 million and above category increased 24 percent from 25 in November 2013 to 31 in November 2014.
  • Overall closed sales decreased 2 percent from 9,878 in the 12-months ending November 2013 to 9,635 in the 12-months ending November 2014.
  • Median closed price increased 12 percent from $236,000 in the 12-months ending November 2013 to $265,000 in the 12-months ending November 2014.
  • Median closed price for single family homes in the $2 million and above price category increased 50 percent month over month from $2,600,000 in November 2013 to $3,900,000 in November 2014.
  • Overall inventory decreased 10 percent from 4,584 homes in November 2013 compared to 4,136 homes in November 2014.
  • Average days on market for November is at 79. 
    According to Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, the market's median closed price has gone up 62 percent in the last four years from when it was $169,000 in November 2010 to $272,000 in November 2014. And inventory is down 63 percent from one of its highest points of 11,116 in November 2008 to 4,136 homes in November 2014.
     
    "Traditionally, the soft part of the year for real estate is September, October and parts of November," said NABOR President Mike Hughes, Vice President and General Manager of Downing-Frye Realty. "But this year, the soft wasn't soft; it was strong."
     
    Despite a double-digit drop in overall inventory, the Naples area real estate market continued to see positive growth in various price points, categories, home styles and neighborhoods for both pending and closed sales activity in November. With luxury homes at a premium, homeowners that decide to sell in Naples now may begin to encounter more cash offers. Navigating the complexity of these real estate transactions can be made easier with guidance from a Naples REALTOR®. 
As always feel free to contact me with any questions you may have by e-mail Michelle@NaplesHomeSweetHome.com or by calling 239.404.7787.
I have attached the full report for you at well... View November 2014 Market Statistics
I hope you have a fantastic week,
Michelle
 
Berkshire Hathaway HomeServices 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
 
The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
  
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.
 
 
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