Let's Talk New Developments 
in Naples, Florida...
Be sure to visit my web-site to view the New Developments Map and Index.
Contact me today for all the details by calling 239.404.7787 or by e-mail at Michelle@NaplesHomeSweetHome.com

Deerwood Naples is comprised of 155 acres and only 28 custom homes. Build your luxury custom home with our highly respected builder, M Development. This limited community offers two sparkling lakes with viewing docks where you can enjoy the gentle surroundings of nature. Enjoy watching the sunset fall over the lake from your backyard!

There are only 6 premium lots still available, each on an expansive .75 acres and surrounded by lush preserve for the privacy you desire. Build your custom home with luxurious interiors and finishes designed for the way you live and entertain.

Deerwood is a gated upscale community located on Collier Boulevard (adjacent to Naples National Golf Course). With convenience to downtown, shopping, dining and the beaches.

This weekend In Naples... 
You won't want to miss out on one if not the BEST Art Show of the Year in Naples!!!

Naples’ National – This weekend!

Saturday & Sunday, February 18 & 19

10AM to 5PM

Cambier Park
http://www.artswfl.com/art-festivals/festivals/naples-national-art-festival/naples-national-art-festival 

This two-day event in Cambier Park & on 8^th Street (from the alley to 7^th) 

Let's Talk Hot Off the Press...

Naples, Florida  

(February 17, 2017) -

 The new year rebounded with a strong gust of activity in the Collier County real estate market. Increases in overall pending sales (homes under contract), overall closed sales and overall inventory indicate a strong season ahead. Broker analysts who reviewed the January 2017 Market Report, which tracks home listings and sales within Collier County (excluding Marco Island) using the Southwest Florida MLS, are confident that market indicators are favorable to support momentum through season.

"We are definitely in a buyer's market now, and home sales were strong in January," said Phil Wood, President & CEO of John R. Wood Properties, who pointed out that the 6 percent increase in overall closed sales for January was driven by an impressive 14 percent increase in closed sales of condominiums. He remarked, "Properties that are selling rapidly are those that are priced at true market value."

According to the January Market Report, overall pending sales increased 9 percent to 924 pending sales in January 2017 from 847 pending sales in January 2016. Broker analysts said they are most encouraged by pending sales activity in the middle range of the market; namely, homes between $300,000 and $2 million, which all experienced double digit increases in January.

 

Overall closed sales increased 6 percent to 603 closed sales in January 2017 from 571 closed sales in January 2016. Interestingly, January was the first time both overall pending sales and overall closed sales were on the upswing simultaneously since March 2015.

 

The report also showed that overall inventory for all price segments increased by double digits in January too. Comparatively, condominium inventory in the $2 million and above category had the highest gain with a 44 percent increase to 135 condominiums in January 2017 from 94 condominiums in January 2016.

 

"Increases in inventory typically drive prices down," said Kathy Zorn, broker/owner, Florida Home Realty. "And yet, with a 28 percent increase in inventory in the $500,000 to $1,000,000 condominium price range, we show an increase in the median price of 9 percent compared to last year." 

 

Zorn added that geographic proximity to the beach remains a driving force in the Naples real estate market. As such, properties located in the Naples Beach area experienced a 15 percent increase in overall median closed price to $784,000 in January 2017 from $680,000 in January 2016. Pending sales for the Naples Beach condo market for January 2017 increased by almost 40 percent compared to last year and closings were up 16 percent. This was mostly driven by a somewhat limited condominium market in the Naples Beach area, where inventory increased 34 percent and pending sales shot up 39 percent in January.  

 

"Today, buyers have more choices," Zorn said.

 

The NABOR® January 2017 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 2017 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 

CATEGORIES	Jan 2016	Jan 2017	CHANGE
Total homes under contract (pending sales)	847	924	9%
Total closed sales	571	603	6%
Median closed price	$340,000	$314,000	-8%
Total active listings (inventory)	5,091	6,393	26%
Average days on market	75	91	21%
Single-family closed sales	291	284	-2%
Single-family median closed price	$425,000	$397,000	-7%
Single-family inventory	2,715	3,219	19%
Condominium closed sales	280	319	14%
Condominium median closed price	$278,000	$265,000	-5%
Condominium inventory	2,376	3,174	34%

"We are in a different market than we were a year ago," said Jeff Jones. "The stock market is now performing very well, home sales are now very strong in northern states, and winter came early up north so people fled to Florida's warm weather early too." 

 

Nationally, a balanced market (balanced equally between buyers and sellers) is considered to be six months of inventory. Yet, as observed by Adam Vellano, West Coast Sales Manager, BEX Realty - Florida, "Our report shows 8.91 months of inventory for January. The last time we had a supply of inventory like this was five years ago. I think it's time to remind sellers that 'price sells a home'." 

 

Many broker analysts including Zorn, Vellano, and Wes Kunkle, President and Managing Broker at Kunkle International Realty, said they have observed a large increase in investor held single-family homes being added to the inventory mix in recent weeks. Zorn pointed to signs of bracket creep in the report, such as a 23 percent increase in inventory for single family homes in the $300,000 to $500,000 price category, while its median closed price fell 4 percent. Jones also cited that days on market for single-family homes in the $500,000 to $1 million price category had doubled in January, while this price category's median closed price actually rose 4 percent.

 

Responding to these observations, Cindy Carroll, SRA, with the real estate appraisal and consultancy firm Carroll & Carroll, Inc., warned that sellers who are testing the market with high list prices may be disappointed in a few months as "these sellers see a reduction in list price as a reduction in value, when this is not the case at all. Working with a REALTOR® who closely monitors comparable listings will help them avoid months of waiting for a sale."

 

Zorn agreed and added that the cost of holding out for a higher price in many cases - especially for investors - could result in a loss of revenue from both rental income and unavoidable costs like taxes and insurance. 

 

Ready to embark on a journey to buy a home in Collier County? Let me help you find properties that best suit your needs and budget or if you wish to enter the our Real Estate Market to Sell Your Home I will be happy to send you a market comparison and recommend a list price that is realistic and fair to get the best possible price for your home along with the BEST Marketing that I along with BHHS has to offer in our market!

Please feel free to contact me today with any questions you may have by e-mail or by calling 239.404.7787.

I look forward to hearing from you soon. 

I hope you have a fantastic weekend!

Michelle

 

View January 2017 Market Statistics

  

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

E-Fax Number: 239.236.5550

Website:  www.NaplesHomeSweetHome.com        

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

Twitter: DeNommeRealtor

Homesnap: http://www.homesnap.com/Michelle-DeNomme 

Let's Talk... Miami Boat Show this week! 
February 16th - 20th
http://www.miamiboatshow.com  

Let's Talk...
It's that Time Again...

Naples Reserve kicks off the 2017 Single-Site Parade of Homes tomorrow with 16 spectacular models 

Come experience Naples’ most unique lifestyle tomorrow, when the Collier Building Industry Association’s 2017 single-site Parade of Homes kicks off at Naples Reserve. Sixteen stunning model homes, as well as the resort-inspired Island Club, will be open for tours Friday through Sunday, Feb. 17-19 and Feb. 24-26, from 10 a.m. to 5 p.m.

Whether you fancy yourself a connoisseur of lakefront sunsets from your private boat dock, a top tennis player or a (chaise) lounge lizard who understands pools are best enjoyed with an umbrella drink, you’ll find your perfect lifestyle – and home – at Naples Reserve.

The fully furnished homes, created by the area’s best builders, feature gourmet kitchens, sweeping scenic views, custom pools and spas, and special places and spaces – inside and out – to entertain friends and family, relax by a cozy fireplace and more.

Model homes are now open in five of Naples Reserve’s 11 neighborhoods, woven into a tapestry of 688 natural acres and 22 freshwater lakes, one with its own private island. The community offers attached villas, single-family homes and custom estate homes by Ashton Woods, D.R. Horton, Florida Lifestyle Homes, KTS Homes, Lundstrom Development, Marvin Development, McGarvey Custom Homes and Stock Signature Homes.

Parade models represent nearly endless lifestyle options within 2,100 to more than 3,500 square feet and feature three and four bedrooms, swoon-worthy master suites, expansive outdoor living areas, and home-specific studies, dens, sunny kitchen nooks and second-floor lofts.

The essence of lakefront living is experienced throughout Naples Reserve, especially along the 125-acre Eagle Lake, where homebuyers have the opportunity to build a floating dock in their backyard. The lake is home to the destination Kontiki Island (tiki hut included) and offers a mile-long stretch along the 76,000-acre Picayune Strand State Forest for purposeful paddling and National Geographicmoments.

At Naples Reserve, each home is designed to fit into the natural waterfront setting and embrace the laid-back community spirit – think Key West and other old Floridabeach towns. Featuring Southern Coastal architecture and fully furnished interiors, the models capture Naples Reserve’s vacation-every-day lifestyle.

After finding your dream home – or two or three or 10 – visit the Island Club, Naples Reserve’s epicenter of awesomeness. The recently completed community building and separate fitness center channel island ambience with a sweeping stretch of beachfront for volleyball and sunning, bocce courts, plus plenty of spaces to relax, including the openair Chat ‘n Chill Tiki Bar, a waterfall pool and Latitudes Cafe.

Close to downtown Naples and the area’s Gulf of Mexico beaches, Naples Reserve was created by award-winning developer iStar to offer premier lakefront living and amenities on the water’s edge.

Naples Reserve’s Parade of Homes models are open Friday through Sunday, Feb. 17-19 and Feb. 24-26, from 10 a.m. to 5 p.m. Homes are priced from the high-$200s to more than $1 million. A $5 donation per visitor is suggested to benefit the CBIA’s scholarship fund.

Learn more about the Parade at www.naplesreserve.com/parade-of-homes. Visit Naples Reserve at 14885 Naples Reserve Circle, located off U.S. 41, 2 miles southeast of the Collier Boulevard/ CR 951intersection and 10 minutes from I-75, Exit 101. ¦ 

Let's Talk...

38th Annual Naples National Art Festival 

Feb 18, 2017 toFeb 19, 2017

Location: 5th Avenue South & Park Street

The 38th Annual Naples National Art Festival is held in scenic Cambier Park and along 8th Street South in downtown Naples, FL. Because of its national ranking and the beautiful weather in southwest Florida during this time of year, the Naples National draws some of the finest artists in the country. Sunshine Artist Magazine has ranked this art festival as high as the #9 art festival in the United States and has included The Naples National in its top ten national festival seven years running. This is a juried art festival with artists applying in eighteen categories including painting, jewelry, watercolor, ceramics, metal, sculpture and wood.

The local community counts Naples National among its premiere, must-see events thanks to the high quality of the art, the engaging personalities of the artists and the festive atmosphere. More than 20,000 residents and visitors flock to this outdoor weekend art festival to enjoy the art, live performances and our world-class restaurants in downtown Naples. Festival attendees take full advantage of the opportunity to meet artists from across the country and to learn about their inspiration and techniques.

Website: www.naplesart.org

Contact: Naples Art Association
Phone: 239-262-6517
Time: 10am to 5pm

Michelle DeNomme

 your southwest florida realtor^® 

Let’s Talk Today! 

Researching Real Estate on the World Wide Web can only take you so far… I am the Real Estate Professional that will provide you with the attention and communication you deserve. I have the depth of knowledge and expertise in today’s ever expanding South West Florida Real Estate market to provide you with the highest level of customer service. 

Whether Buying or Selling you Home, contact me to experience my “Complete Level of Service” today. 

Let’s Talk about your next move today!