Monday, September 4, 2017
Let's Talk...
Bayshore Art District... Updates!
The Bayshore Arts District is a lively community off the East Trail in Naples, Florida. Over the past few years, the area has been in redevelopment and more and more businesses have moved to the area.
On November 18th, Green Door Nursery is hosting their “Art Among the Blossoms” Art/Craft Show. They are still looking for more vendors, so please reach out to Joel if you are interested! They have been in the Bayshore Arts District for 10 years now and are very supportive of local artists! Keep an eye out for our upcoming blog post about them in October. In the meantime, be sure to follow them on Facebook greendoornurserynaples
A Jaron Fine Jewelry...has been on fire lately (figuratively speaking, of course)! If you’ve been around the Bayshore Arts District lately, I’m sure you’ve seen the mermaid mural on Amanda Jaron’s new studio. Amanda won a Naples Daily News 2017 Choice Award for SWFL’s favorite Fine Jewelry. She hosted a party and was a sponsor for the PACE Center for Girls, Collier and she is a title sponsor for the upcoming Scene to be Seen: A Runway Art Show to benefit the Naples Art Association on November 2nd (tickets available here). Between her many charity endeavors, A Jaron Fine Jewelry is also participating with Green Door nursery in their biannual Art Show coming up on November 18th from 10am-3pm where Artists will be showcasing their work in tents outside her studio. Contact Information: #BeMermazing (ajaron.com or 239-596-8610)
The Naples Botanical Garden always has a great line up of Fall and Winter events. September 8th at 1pm there will be a Chamber Music Concert. They have their annual fundraising event, Hats in the Garden, coming up on November 8th. This event is currently sold out, however, you may email Erin Wolfe to be added to the wait list (ewolfe@naplesgarden.org). One of our favorite events, Night Lights in the Garden, will return again in December with dates on December 8th-23rd, December 26th-30th, and January 1st – 3rd. Mark your calendars to buy tickets as this is a very popular event! Member pre-sale begins October 24th – November 13th and tickets will be available for the public to purchase on November 14th. Lastly, don’t forget, the garden has many volunteer opportunities if you are looking to get involved in the community.
Three60 Market... Is closed for their Summer Vacation the month of September. They will reopen on Tuesday, October 3rd at 8:00AM
Bayshore Food Truck Park could open by December 2017, site owner says
People who travel to Bayshore Drive in East Naples won’t be heading to see just the Botanical Gardens, or just the new brew house opening or Three60 Market. They’ll be coming to Bayshore to make a day of it!!!
Let's Talk... Hot Off The Press...
Looking for outdoor adventure?
Naples might be just what you have been looking for!!!
Naples isn't just a place to eat, shop and sit on the beach. It's also a great place for adventure, according to the U.S. Tourism Quality Index. The index ranks Naples No. 9 on this year's list of the top U.S. Sports & Adventure Vacation Destinations. Read more here.
Wednesday, August 30, 2017
Let's Talk Hot Off The Press...
July Home Sales Hit the Sweet Spot...
Naples, Fla. (August 25, 2017) – REALTORS® in Naples sold more existing homes in July (682) than they did in January (603) or February (613), a statistical reality that busts an old myth that home sales stall in the summer. In fact, overall closed sales in the market’s sweet spot (homes priced between $300,000 and $500,000) increased 32 percent in July. Broker analysts reviewing the July 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which track home listings and sales within Collier County
(excluding Marco Island), said a 9 percent increase in closed sales during July was very good, but the continued reduction of inventory, especially in the single-family home market, is cause for concern as it limits choices for buyers.
One segment of the market that brokers are watching closely is the $300,000 and below single-family home market, which saw pending sales decrease 24 percent, closed sales decrease 19 percent, and inventory decrease 2 percent in July. In fact, the entire single-family home market is getting stretched thin as inventory tightens. In July, inventory rose just 3 percent overall, but single family home inventory decreased 1 percent.
Bill Coffey, Broker Manager of Amerivest Realty Naples, pointed out, “The July report showed the median closed price for homes under $300,000 was the highest since 2008. However, the median closed price for homes over $300,000 was the lowest reported in 9 years!”
According to the report, overall median closed prices in July increased 6 percent to $319,000 from $300,000 in July 2016. For homes in the $300,000 and below price category, the median closed price increased only 3 percent to $225,000 from $219,000 in July 2016. And for homes above $300,000, the median closed price decreased 7 percent to $485,000 from $524,000 in July 2016.
Many broker analysts reviewing the July report agreed that an increase in conventional sales (homes purchased with financing) is a good sign that first-time homebuyers are gaining a foothold in the market. As such, the July Market Report showed total closed sales were split almost equally between cash sales and conventional sales.
Kathy Zorn, broker/owner, Better Homes and Gardens Real Estate Pristine, said she is optimistic that the third quarter closed sales will finish ahead of the second quarter, and pointed to activity in the $500,000 to $1 million price category, which saw the overall pending sales increase 44 percent in July from July 2016. “The median
closed price went down 16 percent for condos in this $500,000 to $1 million price category.
I believe this is a reflection of smart pricing strategies finally taking hold.”
For months, broker analysts and NABOR® have warned against setting unrealistic pricing, a strategy that Dominic Pallini, NABOR® President and Broker at Vanderbilt Realty, said can “hurt a homebuyer because a home is often overlooked if it’s overpriced.”
High prices are a strategy that can work in an accelerating market, but it’s risky. A home might sit for months without an offer and sellers typically end up marking the price down, perhaps lower than it should have sold for in the first place. A licensed REALTOR® uses real-time MLS data that can help a seller hit the sweet spot when setting the listing price: a price that’s high enough to reflect the home’s value, but attractive enough to gain
buyer attention and get it sold quickly.
Another segment that brokers are watching closely is the number of days on the market it takes for a property to sell, which is on the rise and hit 105 days in July. One reason for this could be cosmetic. According to Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, “Many homebuyers are looking for a coastal, contemporary look, not the Mediterranean or Tuscan look that dominates much of the
existing home market and appears dated. Sellers must either consider making renovations to meet the light, coastal look buyers want or reducing the home’s price in order to stay competitive with the new construction product that reflects this new coastal, contemporary style.”
The NABOR® July 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® July 2017 sales statistics are presented in chart format, including these overall (singlefamily
and condominium) findings:
Please contact me by e-mail for the Full Report at... Michelle@NaplesHomeSweetHome.com.
Wednesday, August 2, 2017
Let's Talk...
Study: Best U.S. cities to flip homes
NEW YORK – Aug. 1, 2017 – More than 126,000 U.S. homes were flipped last year – the
highest rate since 2007, according to a study by WalletHub. The average gross profit on
a single home flip? Nearly $63,000.
Overall, Florida metro areas ranked in the top 25 percent for home flipping, with only cities
in South Florida ranked below 50 percent. Miami ranked lowest out of Florida metros for home
flipping, but at No. 110 it still ranked better than about 25 percent of all U.S. metro areas.
WalletHub looked at three broad categories to create its "Best & Worst Places to Flip Houses" study:
- Market Potential: ROI, purchase price, share of home flips, average days to flip and more
- Renovation & Remodeling Costs: Average costs for kitchens, bathrooms, full homes and more
- Quality of Life: Crime rates, schools, walkable park access, job growth and more
Tampa was the only Florida city to make the top 10, though Orlando followed closely behind at No. 16.
Florida ranking of top flipping metro areas out of 150 in U.S.
6. Tampa (Market potential 8; remodeling costs 19; quality of life: 66)
16. Orlando (Market potential 29; remodeling costs 23; quality of life: 70)
24. Pembroke Pines (Market potential 33; remodeling costs 63; quality of life: 25)
36. St. Petersburg (Market potential 6; remodeling costs 79; quality of life: 79)
51. Cape Coral (Market potential 98; remodeling costs 71; quality of life: 18)
55. Jacksonville (Market potential 14; remodeling costs 69; quality of life: 111)
58. Tallahassee (Market potential 42; remodeling costs 34; quality of life: 128)
69. Port St. Lucie (Market potential 83; remodeling costs 85; quality of life: 24)
84. Fort Lauderdale (Market potential 49; remodeling costs 58; quality of life: 134)
90. Hialeah (Market potential 24; remodeling costs 83; quality of life: 121)
110. Miami (Market potential 91; remodeling costs 87; quality of life: 116)
Florida cities also ranked in the top five in some of WalletHub's secondary reports. Orlando,
for example, is third nationwide for the number of real estate agents per capita. Only Seattle
and Atlanta have more.
for example, is third nationwide for the number of real estate agents per capita. Only Seattle
and Atlanta have more.
Tampa (No. 2) and Orlando (No. 3) made the top five for the percentage of home flips. Only
Memphis, Tenn., had more.
Memphis, Tenn., had more.
For a complete ranking of all 150 U.S. cities and more, visit WalletHub's website.
© 2017 Florida Realtors
Monday, July 31, 2017
Let's Talk...
Let's Talk...Vote "YES" to the parking garage at 4th and 4th in Naples, Florida Sign the Petition! https://www.change.org/p/vote-yes-to-the-parking-garage-at-4th-and-4th-in-naples-florida?recruiter=752009452&utm_source=share_petition&utm_medium=twitter&utm_campaign=share_petition&pt=AVBldGl0aW9uAIuntQAAAAAAWX%2BPk6eO2YthNWQxZmQ2OQ%3D%3D … via @Change
Monday, July 24, 2017
Let's Talk...
Local Events In Naples This Summer
http://homeactions.net/calendar/#/34102/all/today?radius_miles=100
Local Events In Naples This Summer
http://homeactions.net/calendar/#/34102/all/today?radius_miles=100
Monday, July 3, 2017
Let'sTalk...
It's a Fantastic Time to Buy in South West Florida.
What a Great opportunity this summer to check out
all that Naples has to offer… We have just what you have
been looking for with in our current Listing Inventory to
New Construction! Let me show you how you can Live
and Play the day away here in Naples, I have sent along
below in my News letter some great ideas for your next
visit from Foodie Pick’s to Calendar Of Events at all of
our major attractions, shopping and dinning areas.
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The Naples Real Estate Market at a Glance
presented by Michelle DeNomme,
Your South West Florida REALTOR, GRI
Click below to view the NABOR Report
NABOR Report:
As always if you have any questions please feel
free to contact me by calling 239.404.7787 or by
e-mail at Michelle@NaplesHomeSweetHome.com.
__________________________________
Michelle's July Reminders...
SOUTHWEST FLORIDA FIREWORKS SHOWS.... See you there!
Naples!
What: July 4th Parade
Where: Downtown Naples
When: 10 a.m.
Admission: Free
The parade route will be from Broad Avenue S. to Third Street S.
proceeding north to 5th Avenue S., east on 5th Avenue S., and
South on 8th Street S. past City Hall, ending at 8th Avenue S.
and 8th Street S. For more info, go to naplesgov.com/index.aspx?NID=550
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What: 4th of July Celebration
Where: off the Naples Pier
When: 9 p.m.
Admission: Free
***
Marco Island
What: 4th of July Celebration and Fireworks
When: 9 p.m.
Fort Myers Beach
What: 11th Annual Fort Myers Beach Parade and Patriotic Event
Where: Along Estero Boulevard between School St. and Time Square
When: 10 a.m.-3 p.m.
Admission: Free
The annual 4th of July Parade will run along Estero Blvd.
between School St. and the Time Square area. The
Matanzas Pass Bridge will be closed from approximately
9:30 a.m. to noon. The parade starts at 10 a.m. From 1-3 p.m.,
enjoy patriotic crafts, a watermelon eating competition, and
American themed trivia.
For more info, go to chamber.fortmyersbeach.org.
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What: Fireworks
Where: Off the Fort Myers Beach pier
When: 8:45 p.m.-10 p.m.
Admission: Free
The Matanzas Pass Bridge will be closed to incoming traffic
from 9:30 p.m.-11 p.m.
***
Bonita Springs
What: Star Spangled Bonita
Where: Riverside Park, 10451 Old 41
When: Begins at 4 p.m. (parade at 9 a.m.)
Admission: Free
The Annual Star Spangled Bonita event features live music, food, and
vendors, with fireworks and a laser light show at dusk.
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The Fourth of July—variously known as or Independence
Day or July 4th—has been a federal holiday in the United
States since 1941, but the tradition of Independence
Day celebrations goes back to the 18th century
and the American Revolution. On July 2nd,1776, the
Continental Congress voted in favor of independence,
and two days later delegates from the 13 colonies adopted
the Declaration of Independence, a historic document drafted
by Thomas Jefferson. From 1776 until the present day,
July 4th has been celebrated as the birth of American
independence, with festivities ranging from fireworks,
parades and concerts to more casual family gatherings
nd barbecues.
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