Carlton Lakes Naples Fl, Real Estate Blog

Sales Trends for 2007 & 2008

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Sun, 04 Jan 2009 11:41:24 PST

Carlton Lakes resale property market volume and prices for 2007 & 2008 continue to show a decrease in single family homes sold but the good news is that the decrease is less than the rest of the Naples property market as a whole.

The figures from the whole of naples shows a terrific increase in the number of properties sold during 2008 compared to 2007 but the median price for those same solds properties shows a large decline in price. This is largely due to the large volume of foreclosed properties being sold by the banks during the last year. Here are the single family home sales and values for Naples as a whole for comparison. There is no doubt that for anyone with some cash to invest, now is a great time to by property.

You can see the volume of sales is going up but the prices are coming down due to the high volume of foreclosed properties.

Carlton lakes fortunatly is not effected by anywhere near the same level of foreclosures and so does mirror the same sales volume or pricing. The amount of single family sold volume remains fairly constant with less of an overall reduction

Carlton Lakes Condos shows increased activity on actual units sold with and actual rise in prices in the last 3 months, which is very different to the overall results of Naples condos in general.

Carlton Lakes Villas show no real change in the number of units sold in the last two years and the prices have remained consistant, which is extreamly good compareed to Naples market in general

Hopefully, this information is usefull to anyone wanting to know about Carlton Lakes property sales, wether they are living there now or wanting to move into this wonderful gated community. Feel free to me, Steve Barker on 239-293-4327 if you would like further information on any of the properties for sale in Carlton Lakes or anywhere else in Naples.

Mortgage help is on the way for many!!

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Sun, 12 Oct 2008 15:38:41 PDT

As the publicized Real Estate and banking problems in the States ripple across the country and even across the world, banks are saying they are prepared to help customers in dire trouble with their current loans.

There is no doubt that for anyone wanting to pick up a bargain property, now is a good time with the current prices so low and for people with good credit and history of repayments, there is still money available.

But for the many that have already purchased and are now having difficulty paying their mortgage, managing what they have is their major concern. Until recently, many owners have reported the banks have been unwilling to discuss changing their mortgage. However, some help may be soon at hand for some homeowners as pressure is coming to bare on the banking system for all directions.

Mike Fields, Tallahassee area president of Bank of America told Florida governor Charlie Crist this week that Bank of America, the new owners of Countrywide Home Loans, is prepared to restructure 80,000 sub prime and other loans to avoid foreclosure. He said they would start in Dec 08 to look to rewriting these loans to fixed rates, possibly with reduced interest rates while writing down the principle. Details have yet to be finalized and fully publicized but it follows a lawsuit over deceptive mortgage practices in which the bank agreed to pay Florida and other states $220 Million to help people caught up in the foreclosure problem.

While this help may come too late for some, it is a significant step forward to hopefully helping many people on the verge of foreclosure to restructure and retain their home for the future.

LATEST REAL ESTATE OUTLOOK FOR THE REBOUND!

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Mon, 15 Sep 2008 11:46:12 PDT

Dr Lawrence Yun, Chief Economist for NAR said that housing market shows all the signs of stabilization but the remaining factor that continues to plague the market is still confidence. While foreclosures are always in the news and reducing confidence, to put it into perspective, of 100 homes people living in homes today, 68 are owners, of which 46 have a mortgage,3 are delinquent, 2 work it out and only 1 in a 100 is actually foreclosed on. This is still not good but the belief is that it is much higher and it is affecting buyer’s confidence. He said that there are other positive indicators; corporate profits are up, exports are up, and GDP is up, the dollar is strengthening. What we don’t have yet is the house buyer confidence but that will come when consumers are convinced that things are stabilizing.To view the 30 min video of Dr Yun’s presentation, click this linkSearch for Naples Properties or visit my web site at http://www.sebarker.com/Posted by Steve Barker, Amerivest Realty, Broker Associate

Carlton Lakes Property Sales First Half Year 2008

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Sun, 06 Jul 2008 13:06:34 PDT

Before we look at first half year Carlton Lakes sales and sold prices, here are the avg's for Naples, looking at the same property types. (Single family, Condos, attahced and detached villa's)
This shows the number of properties sold in Naples for the last 3 months has exceeded the months of the previous year of 2007.

However, the actial price paid continues to fall as shown on the graph below but does seem to be finding an level

Now, we have seen before that Carlton Lake doesn't always follow the same trend and this shos with the nuber of condos sold that has increased over the prievios years half year. (Shown below)

The attached villas (Below) dont really show a trend except there is not much of a demand

Single family and detached villas sales are slow and the same as last year (Below)

Carlton Lakes sold prices show a differing story however, with the prices continuing their steady decline although a couple of months did show higer than normal prices compared tot he trend.
(below)

The single sale of a detached villa in May did sell for a better price than the trend would project however.

and the avg sales price of single family and detached villas did show an improvement. (Below)

There are a number of short sale properties available however, and once these do sell, it will only frustrate this better trend and push the single family home prices lower again.

It is unfortunate that owners involved in a short sale have no incentive at all to get a fair market value for the property and many of the banks are simply writing off the loan as a bad debt so a few extra $1,000's off the price give no incentive for the bank to hold on, they are simply wanting to unload the inventory for what they can get quickly. This benifits the buyer but not the owner, the bank or all the other property owners in the community that see the values declining as a result.

Naples pending and closed Home sales improve

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Sat, 14 Jun 2008 08:26:13 PDT

The Naples Daily News reported continuing higher property sales in the Naples area. While other parts of the country and Florida State still struggle to recover from the housing slump of the last two years, Naples has continued to show positive signs of continued improved sales. While many wonder if we have reached the bottom of the housing market, Naples has now shown 4 months of continued improvement in sales. One month doesn’t make a trend but 4 months is certainly looking good!

In May, there were 476 sales, compared to 451 last year, a 6 percent increase, according to a monthly report by the Naples Area Board of Realtors.Meanwhile, pending sales spiked 37 percent to 578, from 421 a year ago.

To read the full article in Naples Daily News, click on the link below.
read more

Carlton Lakes 2007 sales charts

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Fri, 18 Jan 2008 12:51:20 PST

CARLTON LAKES Naples Fl, 2007 Real Estate Sales Trends

Single Family & detached Villa's

2007 Sales of single family homes in Naples Fl were down compared to the previous year of 2006. Howver, the number sold in the final quarter was more than the previous year and also an improvement over 2007 Q3 sales units.

The actual price paid for the single family units on the other hand continued to fall which is sad news for any seller

Condo's Units sold also improved in the numbe of units sold over 2006

Again, the sales price of the condo units trended down even though it did recover a little from the extreamly low Oct avg.

Attached Villas Units Sold in 2007 was better than 2006 of course as no villa's were sold in 2006.

Attached Villas Avg Sold Price of villa's held better than either the condo's or single family homes.

If you are looking to buy a home in Carlton lakes, now is a good time and I can help find the one that suits you or if you would like a market analysis of what may be the appropriate listing price to market your home, please give me a call on 239- 293-4327or go to my web site at http://www.sebarker.com/

Existing Home Sale Projected To Improve In 2008

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Fri, 14 Dec 2007 07:37:14 PST

An increase in sales of existing homes is forecast during 2008, according to the latest projection from Dr Lawrence Yun, Chief Economist and the head of research for NAR. The increase is unlikely to be large but it he is confident it will break the recent downward trend now that the past months mortgage problems are being worked out and stabilized.

He reported in December "Now that mortgage conditions have improved, some postponed activity should turn up in existing-home sales over the next couple of months, and I expect sales at fairly stable to slightly higher levels.”

"The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump, and the gain in the West indicates some easing of interest rates for jumbo loans,” Yun said.

Dr Yun constantly has access to study a wealth of actual past and present sales data to formulate and project sales trends before publishing any conclusion.

Of course, there are many factors that are hard to estimate and work into any such prediction, such as the effect on buyers confidence to purchase while being constantly told by the media that things will get worse. Lets hope the media soon realise that while the cause can be attributed to such things as the unhealthy and frenzied buying in 2005 along with the sub prime mortgage market, the continuation of the decline now is directly related to the media's drive to report everything negative, at every opportunity and in any form available. If the positive predictions where promoted with such determination and emthusiasm, there would be a much quicker recovery.

To read DR Yun's full article, Click Here

Foreclosure Tax Relief while Florida grows !!

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Sat, 06 Oct 2007 12:01:58 PDT

Relief bill for homeowners advances

With many home owners facing financial hardship following the changes in the housing market, including some people in Carlton Lakes, some relief may be on the way and has the backing of the President, reports Florida's Association of Realtors.

WASHINGTON – Oct. 5, 2007 – Financial relief for homeowners facing foreclosure or in bankruptcy advanced in the House Thursday when the House approved legislation to help financially strapped homeowners.

The bill, passed by a 386-to-27 vote, would give a tax break to homeowners who have mortgage debt forgiven as part of a foreclosure or renegotiation of a loan. No taxes would be owed on the value of any debt forgiven or written off. Currently such debt forgiveness is taxable income.

President Bush praised the House action.“I urge the Senate to swiftly consider this legislation and make it temporary,” Bush said in a statement.

The House vote was the latest congressional reaction to a mortgage crisis touched off this spring by a blowup in high-priced home loans for risky borrowers, throwing a pall over the economy. Foreclosures are at record highs and late payments are spiking. Lenders have been forced out of business and investors have taken huge financial hits.

Read the FAR full Story, Click Here

Growth, stability and opportunity in the Sunshine State

Florida Association of Realtors also reports in ORLANDO, Fla. – Oct. 4, 2007 –The Milken Institute/Greenstreet Partners 2007 Best Performing Cities Index – 200 Largest Metros, along with its complementary study of the best 200 small metro areas, ranks cities on their ability to create and sustain jobs, which translates into employment opportunities and salary growth.

For the third consecutive year, Florida metropolitan areas scored high on the 200 Largest Metros index, taking three of the top six spots – including this year’s top-ranked metro, Ocala.

The Orlando-Kissimmee MSA ranked No. 5, followed by Naples-Marco Island at No. 6. According to the research, Ocala, as well as the Orlando-Kissimmee and Naples-Marco Island metro areas in Florida, scored well in the index because of their tourism and tech-based manufacturing.

Read the FAR full Story. Click Here

2007 First Half Year Sales Statistics

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Thu, 26 Jul 2007 18:58:40 PDT

2007 is proving to be as difficult as 2006 in many ways but there are signs of improvement and balancing in the general Naples market but it isn't showing in Carlton Lakes as yet.

Prices continue to come under pressure from Buyers, who still have plenty of choice available and Sellers, who are in some cases are forced to sell for what they can manage to get.

Condo's sales have increased but at a heavy cost reduction in terms of the actual selling prices reducing by around a 1/3rd, compared to June of 2006.

Half Duplex have also been hit hard with no sales at all for 16 months from Dec 2005 until two sold in May 2007 for around 40% reduction on the sales price, compared to the begining of that period. Condo's reduced by around 35% and Single family homes reduced by around 24% for that same 16 months.

Single Family Homes
The number of Single family homes sold in the first 6 months has reduced in quanity compared to 2006 but sales prices have only reduced by around 12% compared to June of 2006.

Single Family Homes units sold to end June 2007

Single Family Homes sale price to end June 2007

Single Family Homes pending to June 2007

Condo's

The number of Condo units sold in first 6 months this year almost doubled, compared to last year.

However, when you compare the prices in June 07, Sellers were accepting around 66% of the previous years June sold prices in order to get them moved

Condo's Number of sold units to end June 2007 (below)

Condo's Median Sales price to end June 2007 (below)

Condo's Number of pending sales (below)
Half Duples Homes

Half Duplex Sold units to end June 2007 (below)Half Duplex Mediun Sold Price to end June 2007 (below)

Half Duplex Pending sales to end June 2007 (below)

2007 Pending Sales Trend for Carlton Lakes

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Wed, 11 Apr 2007 12:59:10 PDT

Here are the 2007 "Pending" Sales for Carlton Lakes, Naples Florida.
You can see all the current homes still listed for sale in Carlton Lakes by clicking the link below.
www.CarltonLakesProperty.com

Pending sales give one of the best indications of the current market trend and an indication of the next few months projected closed sales.

All property types "Pending" sales

Single family home "Pending" sales

Condos "pending " sales

Steve Barker

ABR, CIPS, GRI

Amerivest Realty

239-293-4327

www.sebarker.com

Carlton Lakes Trends & Sales History

sebarker@AmerivestRealty.com (Steve Barker ABR, GRI, CIPS) — Wed, 11 Apr 2007 12:27:31 PDT

Real estate sales and avg price trends for Carlton lakes in Naples Florida can be seen in the graphs below. They are very typical of the overall trend in Naples over the 2last 3 years.

First graph shows the total sales for the community over the last 3 years and then splits the data into the building types of Condos and others. (Which include the Single family homes, villas and coach homes)

All Property Types Sold

Single Family, Villas, Coach homes sold

Condos sold

Through the 2005, prices went up dramatically buy this was not a normal, balance market because of the "Buying frenzy" that was going on at that time.

During 2006, prices showed a decline from these inflated prices which is expected to continue through to the latter part of 2007 or until the normal supply and demand through Naples balances out.

Single Family, villas & Coach homes

Avg Sold price trend for Condos

If you would like further information on Carlton Lakes properties for sale, visit

www.Carltonlakesproperty.com

or would like a free analysis to help determine your sales price, feel free to call me at any time.

Steve Barker

ABR, CIPS, GRI

Amerivest Realty

239-293-4327

http://www.sebarker.com/