October 21, 2014

Naples Real Estate Market Update: Limited Inventory & Decreased Sales

Naples Real Estate Market Update: Limited Inventory & Decreased Sales 

Limited inventory of existing homes continues to be the issue in the Naples market. Inventory decreased 9% in the 3rd quarter of 2014 compared to the 3rd quarter of 2013. This low inventory led to a 10 percent decrease in pending sales and an 11% decrease in closed sales compared to last year. 
This statistic is misleading because the amount of closed and pending sales in properties above $300,000 has increased. 
In fact, the overall closed sales in the $1 million to $2 million category increased 14 percent from 91 in 3rd quarter 2013 to 104 in 3rd quarter 2014.

There is an influx of new construction inventory in the area as new communities are popping up all around town. Although this may help fill the void caused by the lack of resale properties, the resale market is still the most desirable due to location being such an important factor to most buyers. 

The overall median home price increased 13% from $234,000 in 3rd quarter 2013 to $265,000 in 3rd quarter 2014.  

October 16, 2014

Bonita National Golf & Country Club: A New Bundled Golf Community In Bonita Springs

Bonita National is a new bundled golf community (golf included) under construction in Bonita Springs, just North of Naples, Florida.
Bonita National Golf & Country Club offers a 18-hole championship golf course designed by Gordon Lewis.

Bonita National will offers Terrace Condominiums, Veranda Condominiums, Coach homes, Executive, Manor & Estate Homes.
Only coach homes and single-family homes have been released as of today.
View complete info on Bonita National Golf & Country Club...

Bent Creek Preserve, Naples - Homes Availability

Bent Creek Preserve, Naples Florida - Update:
21 homes scheduled to be completed between December 2014 and March 2015 are available at Bent Creek Preserve, a new community of single-family homes under development in North Naples.
As of today, there are some intensive offered with these homes.
Bent Creek Preserve is located of Immokalee Rd and offer two collection of homes: The Floresta Collection on 52'-wide lots and the Sanctuary Collection on 65'-width lots.
Prices start in the low $400s at Bent Creek Preserve. Please Contact Us for these opportunities.
View Full Info on Bent Creek Preserve...
View All New communities...

September 23, 2014

Award For The Club At Mediterra

ACCOLADE FOR THE CLUB AT MEDITERRA

The Club at Mediterra was recently recognized among the top 4 percent of private U.S. country clubs, receiving its designation from the Club Leaders Forum as a 2014-2016 Platinum Clubs of America. The peer-awarded honor is determined by club managers, presidents and owners. The Club at Mediterra has received triennial Platinum Club status since 2006. ©Gulfshore Business Daily.

September 21, 2014

Naples Real Estate Market Update: Low Inventory & Overall Median Closed Price Up 14%.

Overall inventory of homes in the Naples area dropped 20% in the $300,000 and below category  in August 2014 compared to August 2013.
The median price rose 13% in that same category. 

The low inventory lead to a decrease of pending and closed sales in August in the Naples Beach area (West of US 41).
For example the inventory of condominiums for sale in the Naples Beach area ( Olde Naples, Coquina Sands, The Moorings, Park Shore & Pelican Bay) dropped 28, from 571 condos in 8/2013 to 409 condos for sale in 8/2014.
The median close price increased 7% to $530,000 in that same area.
Here are other important points of this real estate market report in Naples just released by NABOR (Naples Association Boards of Realtors):

  • Overall pending sales decreased 11% in August 2014 compared to August 2013 by lack of inventory.
  • Overall inventory decreased 8% from 3,875 to 3,579 in the same period.
  • Average days on market: 83 in August 2014. 
The inventory of new constructions increased but few are available under $300,000. 

September 20, 2014

South Shore Estates: A New Gated Enclave in The Quarry, Naples

South Shore Estates At The Quarry is one of the last opportunity to buy a new home at The Quarry.
South Shore Estates is unique in The Quarry by its situation close to the Beach Club and its amenities and by the long lake views offered buy these home sites.
South Shore Estates is a gated enclave with 14 lakefront lots on the south shore of Stone Lake in The Quarry.
The home sites are from 73' to 77' wide and offer a long lake view.
16 private boat slips will be also available. There are 4 different floor plans to choose from: 2,547 to 3,999 sq.ft.
Packages lot + home start in the low $900s.
View South Shore Estates At The Quarry...
View All Properties for sale in The Quarry Naples...

Marbella Isles, Naples FL: Floor Plans & Pricing Have been released!

Floor Plans have been released for Marbella Isles, a new gated community developed on 500 acres and located off Livingstone Rd in Naples, between Vanderbilt Beach rd and Pine Ridge Rd.
Marbella Isles will offer three collections of attached villas and single-family homes.
1,800 to over 4,200 sq.ft under A/C.

Marbella Isles will offer a 9,500 sq.ft clubhouse with resort-style pool, 3 Tennis courts, 4 pickle ball courts and 2 bocce courts.
Pricing & Site Map  have just been released on 9/25. 
Prices starting at $346,900 for Attached Villas & $424,900 for single-family homes. 
View complete information and floor plans for Marbella Isles...
View new communities in the Naples area...

September 16, 2014

Housing Trends in Naples Area - August 2014

How is the Naples Real Estate Market doing in the second quarter of 2014?
  • Median Home Price: $405,000.
  • Year Change: 16.8%
Naples is now in a seller's market with low inventory. With a median price increase of 16.8% in the past year, there is no reason to wait anymore.
View complete trends and statistics:
Latest Real Estate Market Report - August 2014
Browse all available properties on the market.


September 1, 2014

Bonita Springs and Estero now definitively in a Seller's Market

Bonita Springs & Estero in SW Florida are now definitively in a Seller's Market for real estate.
Inventory for properties for sale is really low and continues to decrease steadily.
Bonita Springs-Estero Association of Realtors (BEAR) just published interesting figures about the state of the real estate market.

  • Inventory decreased 40% in July 2014 compared to same period in 2013.
  • 60% decrease of inventory for single-family homes for the same period.
  • Average sale price increased 7% for single-family homes.
  • Average sale price for condos increased 5.6%.
Read more details...
Properties for sale in Estero...
Properties for sale on Bonita Beach...
New communities in Bonita Springs & Estero...

August 20, 2014

Esplanade Golf & Country Club - Price increase.

Esplanade Golf & Country Club, Naples FL.
Prices have been increased in three collections of homes in Esplanade Golf & Country Club, a new bundled golf community under development in North Naples.
Prices on Novelli, La Palma & Torino collections have been increased up to $10,000.

The construction of the coach homes has also started in Esplanade and pricing and floor plans will be released next month.
Esplanade will feature almost 1,200 homes when completed.


View all floor plans & pricing for Esplanade Golf & Country Club...