Lighting of the Christmas Tree
on Fifth Avenue in Naples

Please enjoy photos from this year's traditional
Old Naples event!

  

  

  

Posted by Linda Loomis, Realtor

Certified International Property Specialist
John R. Wood Realtors
Naples FL

Click here to view all the properties in Southwest Florida

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

Expert Sees Scarcity of Naples Housing Inventory Key
to Significant Local Upswing

Michael Timmerman, economist with Hank Fishkind and Associates who has studied the SW Florida real estate market for 17 years, sees the current scarcity of inventory and stable sales prices as indicators that the Naples market will begin to move to higher prices.  He points to a huge amount of redevelopment slated for the next few years "ultimately making certain existing communities even more desirable because they simply cannot be duplicated in their locations."


Posted by Linda Loomis, Realtor

Certified International Property Specialist
John R. Wood Realtors
Naples FL

Click here to view all the properties in Southwest Florida

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

OCTOBER 2011 MARKET REPORT

CLOSED SALES

- The number of closed sales year-to-date are up 6% over the same period 2010 and at its highest level since 2005.

- Volume of sales year-to-date is up 8% over same period last year and comparable to 2006 levels.

- Median sales price is up is up 5.5% from its 2009 low, but well below the highs of 2007 and 2008.

PENDED SALES
            
- Pended sales for the month of October were the third highest for the month in the past 12 years.

- October 2011 sales showed a 10% increase over September.

- Pended sales above $1 million are up 7% through October, with the $2 - $5 million segment up 11%, and over $5 million approximately the same as 2010.

NEW LISTINGS

- The number of new properties placed on the market in October is down 24% from October 2010 and the lowest for the month since 2005.

- Available inventory in the Naples, Bonita Springs, Estero market represents a 24% decline from November 1, 2010.

- Current inventory stands at approximately a nine month supply.


Posted by Linda Loomis, Realtor

Certified International Property Specialist
John R. Wood Realtors
Naples FL
Click here to view all the properties in Southwest Florida


To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

"The source of this real property information is the copyrighted and propietary database compilation of Sunshine MLS, LLC.  Copyright 2011 Sunshine MLS, LLC.  All rights reserved. The accuracy of this information is not warranted or guaranteed.  This information should be independently verified if any person intends to engage in a transaction tn reliance upon it."

Cindy Carroll, with more than 25 years of appraisal experience in the local market, sees remarkable signs of improvement and is optimistic about the future.  Her research reflects supply and demand over a 13-year period (1998-present) and charts patterns in particular communities.  She states that a one-year supply is considerd a "balanced market" and that many areas are now seeing a shortage.  Cindy points out that 70% of our current buyers are cash purchasers and she foresees an 8-10% long-term return on investment. 



Posted by Linda Loomis, Realtor
Certified International Property Specialist
John R. Wood Realtors
Naples FL

Click here to view all the properties in Southwest Florida 

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

Available inventory represents approximately an eight month supply, based on the number of closed sales during the past 12 months. Due to the fact that a "stable market" is considered a twelve month inventory, many areas of Naples are now considered to have a shortage of properties on the market.




Posted by Linda Loomis, Realtor
Certified International Property Specialist
John R. Wood Realtors
Naples FL

Click here to view all the properties in Southwest Florida 

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

The August real estate report for Naples, Florida shows that inventory decreased by 19%. Prices have remained relatively stable for over the past year.




Posted by Linda Loomis, Realtor

Certified International Property Specialist
John R. Wood Realtors
Naples FL
Click here to view all the properties in Southwest Florida 

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

The annual 4th of July Parade in Naples was well-attended and festive. Third Steet and Fifth Avenue were lined with patriotic Americans.

 

     

 

  
Posted by Linda Loomis, Realtor
Certified International Property Specialist
John R. Wood Realtors
Naples FL
Click here to view all the properties in Southwest Florida 

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

From the Wall Street Journal:
Naples Ranks #7 for American Cities Most Coveted by International Buyers

http://blogs.wsj.com/developments/2011/06/15/the-markets-most-coveted-by-international-buyers/



Posted by Linda Loomis, Realtor
Certified International Property Specialist
John R. Wood Realtors
Naples FL
Click here to view all the properties in Southwest Florida 

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

May sales continued at a brisk pace, as they have each month in 2011. In fact, my 5th Avenue office alone had its best month for written sales since June 2005... ($53.9 million!) We have seen a significant reduction in inventory, with many neighborhoods reaching a stable 10-month to 1-year supply. The diminishing supply is also reflected in the overall inventory in the Naples, Bonita Springs, Estero market, which has dropped 17% from its June 2010 level.

Only 1 in every 701 housing units sold in Collier County in May was a foreclosure. This was a  decrease of almost 23% over the previous month and 78% compared with May 2010.

Click here to view the complete May2011 Report

Posted by Linda Loomis, Realtor
John R. Wood Realtors
Naples FL
Click here to view all the properties in Southwest Florida 

To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and click "older entries."

*  "The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2010 Sunshine MLS, LLC.  All rights reserved.  The accuracy of this information is not warranted or guaranteed.  This information should be independently verified if any person intends to engage in a transaction in reliance upon it.."

Thousands packed the downtown area yesterday for one of the largest St. Patrick's Day celebration on record.  Marching in the parade were local bands, dance troupes, bagpipe players, local and NYPD firefighters, as well as numerous alumni groups from the Northeast and Midwest.  A sea of green-clad revelers enjoyed the festivities while only the babies and dogs seemed to sleep in oblivious comfort. Enjoy the following photos!