Naples Florida Real Estate Blog

Stonebridge Country Club - Condos - Median Sold Price

2014-08-25T12:46:00.000-04:00

Below is a graphical presentation of the median price paid for condominiums in Stonebridge Country Club in Naples, Florida for the years 2004 thru July 2014.

In 2006, the median sold price peaked at $455,000.

The low point was in 2011 with the median sold price at $186,000.

You learn more about Stonebridge Country Club and view currently available condos for sale by clicking on the link above.

Naples Homes Market Update for July

2014-08-25T12:23:00.001-04:00

Naples real estate market update for homes – July.

Naples homes sold during 2014 have a median sold price of $335,000. Last year the median sold price was $280,000.

The median sold price increased 19.6%.
(The median sold price is the middle price, where half of the sales are of lower value and half are of higher value.)

Naples homes for sale was 1,909; down from the previous month’s 1,975.

Read the rest of the story - Naples Real Estate Blog

Pelican Bay - North Entrance

2011-03-26T11:12:00.001-04:00

Pelican Bay - North Entrance, a photo by naplesrealestate on Flickr.

The north entrance to Pelican Bay on a bright sunny day in March.

Sunset in Lely Resort

2011-03-19T09:22:00.002-04:00

Sunset in Naples a photo by naplesrealestate on Flickr.

There is nothing like seeing a sunset while sitting by your pool in the Naples area.

Shrinking Inventory of Naples Condos

2010-05-13T07:44:00.003-04:00

The Naples condos available for sale has seen dramatic reductions in the number of units since January 2008.

The graph below depicts the reduction from January 2008 to April 2010 on a month to month basis.

Learn more about Naples Florida real estate and condos.

Median Sold Prices for Naples Condos

2010-05-13T07:36:00.005-04:00

Below is a graphical presentation of the median sold prices for Naples condos from January 2008 to April 2010.

The median sold price has been increasing for the 4 months of 2010. The prices were stable during 2009.

Learn more about Naples condos for sale.

April 2010 Naples Condo Real Estate Statistics

2010-05-13T07:23:00.003-04:00

The Naples condo market during the month of April showed significant improvement in a year over year comparison. The median sold price increased 9 percent, closed sales increased 76 percent, pending sales increased 76 percent, and the number of condos for sale declined 22 percent. Still a buyer’s market, but much weaker than last year.
Median [read more]
Click here to learn about Naples real estate.

Naples Condos for Sale – March

2010-03-09T18:21:00.001-05:00

The condominiums for sale in Naples continue to show signs of improvement. While still a buyer’s market, the number of condos available for sale increased slightly while the months declined from the previous month.
The month of March started with 4155 condos available for sale in the Naples area. Last March 5207 condos were for sale [read more]
Click here to learn about Naples condos for sale.

Naples Condos Market Report

2009-12-05T10:14:00.007-05:00

The Naples condominium real estate continues to show improvement.

The year over year analysis shows:

Last November 705 condos were listed for sale. During November of this year 615 condos were listed for sale. The reduction is 90 less condos coming on the market.
In November 2007 a total of 93 condos were sold. This year in November 214 condos were sold - an increase of 121 units! A percentage increase of an outstanding 130 percent.
The pending sales increased from last November's 144 to 392 pending sales in November 2009. This represents an increase 172 percent!
This November the median sold price declined from last year's $195,000 to $155,000. The decline was about 21 percent.

November 2009 ended with 4115 Naples condos for sale versus last year's 5,079. These figures represent 17.9 and 30.1, respectively, months of inventory to be sold

Naples Real Estate Market

2009-12-05T10:11:00.002-05:00

Quick overview of the Naples real estate market:
1) New listings for November were 653 down from last year’s figure of 819 or roughly 20% fewer homes coming on the market.
2) Pending sales for November were 483 up from last year’s figure of 255 or roughly 89% more homes going under contract.
3) Closed sales for November were 273 up from last year’s figure of 211 or roughly 29% more homes sold.
4) Median sold price for November was $210,000 – surprisingly up from last year’s $204,000 or roughly an increase of 3%. This could be a very positive sign of the market having achieved the bottom.
5) Months of inventory as of November 30th was 11.5 months, down from last year’s 25.7 months or roughly a decrease of 55% in months of inventory to be sold.

Summary – the real estate market remains a buyer’s market with positive signs of the market improving greatly over last year, therefore, it is a weaker buyer’s market than last year.

Bear at Naples Zoo

2009-09-08T11:22:00.008-04:00

By: Naples real estate

Bear at Naples Zoo
Originally uploaded by naplesrealestate

Naples Zoo created Black Bear Hammock featuring two distinct habitats: a natural habitat and a backyard habitat. Both areas feature clear viewing through 2" zoo-grade glass. It is the largest Black bear exhibit at any Association of Zoos and Aquariums accredited zoo east of the Mississippi. Courtesy of A Delta Realty of Naples.

Naples Foreclosure Condos

2009-07-25T07:51:00.004-04:00

During the month of June a total of 65 Naples foreclosure condos were sold. During the month of June a total of 290 condos were sold. The foreclosure condos represents about 23 percent of the total sales.

In the month of June a total of 662 condos were placed under awaiting closing in the Naples area. Of the 662 condos pending sale, 83 condos were foreclosures. This represents approximately 13 percent of the total condos awaiting closing - pended sales.

At the beginning of July 64 condos were active listings for sale or about 2 percent of the 4416 condos for sale.

Based upon the activity in June there is less than one month of condo inventory for sale.

Search for foreclosed condos for sale in Naples.

Naples Foreclosure Homes

2009-07-25T07:39:00.004-04:00

On July 1st there were a total of 144 Naples foreclosure homes on the market or roughly 3 percent of the total number of active listing with the Naples area.

During the month of June a total of 263 homes offers were presented to either banks, lenders, or REO companies which were accepted, thus pending sale. The number of Naples foreclosures which pended equated to approximately 26 percent of the 1126 homes which had offers accepted.

During the month of June a total of 164 foreclosed homes were sold, which represents about 43 percent of 43 percent of total of 377 homes sold.

Search for foreclosed homes for sale in Naples.

Egrets Walk at Pelican Marsh

2008-10-13T14:52:00.005-04:00

Many prospective buyers over during the past several months have been monitoring the average prices paid for residences in various subdivisions within many of Naples developments.

Below is a graph showing the quarterly average prices paid for a condo in Egrets Walk at Pelican Marsh for the past 4 years.

During the first quarter of 2006 the average price paid was the highest at $520,000.

The average price paid in the most recent quarter ending September 30, 2008 was $330,000.

The difference represents a decline in value of $190,000 or about 36.5 percent.

Arielle at Pelican Marsh

2008-10-13T14:33:00.006-04:00

Below is a graphical representation of the average prices paid for condos in Arielle at Pelican Marsh over the past 4 years.

The highest average quarterly price was $493,000 during the third calendar quarter of 2005. The average price paid during the third quarter of 2008 was $306,666. A reduction of $186,334 or about 37.8 percent.

Augusta at Pelican Marsh

2008-10-03T15:14:00.002-04:00

A new customer service feature has been added to Augusta at Pelican Marsh which shows calendar quarterly market trends over the past four years for median sold price, new listings, number of sold listings and pending sales.

In the first quarter of 2007 the highest median price paid was $1.5 million.

Charles Richey A Great Guy In Need of Help

2008-06-25T13:20:00.002-04:00

Charles Richey is a friend of mine, that I met through the Internet and had the pleasure to meet in person a few years.

Today, thru the Internet we have the opportunity to meet many people, few we actually meet in person.

Charles is an individual whenever I had a problem with any of my web sites or even this blog, he was there for me. In some cases he actually did the coding for me. He was not only this way with me, but with other people. He has been extremely active in the animal rescue in his hometown of Las Vegas.

On Tuesday, I learned from another netizen that Charles was hospitalized with Guillain-Barre Syndrome. The unfortunate thing is that he and his wife do not have any health insurance and with the present economic situation that we are all facing, he and his family will be faced with very large medical bills as he is currently in the ICU.

If you care to offer some words of encouragement or make a contribution, please visit this site.

Thank you.

Laguna Royale at The Vineyards

2008-04-29T14:19:00.002-04:00

March 31st represents the end of the first calendar quarter, I have started to update community and neighborhood information showing the annual median sold prices since 1998. The neighborhood updated, for no particular reason was Laguna Royale at The Vineyards. It is interesting to note that in 1998 the median sold price was $257,500 and in 2007 it was $450,000 - an annual increase over the ten years - 6.40%.

Naples Real Estate Market Updates Completed

2008-02-06T10:11:00.001-05:00

Over the past few days the market updates for Naples and Bonita Springs have been updated and posted on my Naples Real Estate News and Market Updates blog.

When doing the market updates, certain criteria are applied as follows:
1)they are based upon ownership - single family home (fee simple) or condominium.
2)the statistics do not include Marco Island, since I service the Naples, Bonita Springs and Estero areas of southwest Florida, nor manufactured or mobile homes.
3)the statistics are taken from the Sunshine MLS, which is a combination of the Naples MLS, Bonita Springs MLS, and Estero MLS.

Real estate has always been know as being local and it is true when you look at the analysis and market updates.

It is expected that the real estate market update for the Estero area will be posted today, sometime.

Avalon at Pelican Bay in Naples

2008-01-09T09:16:00.000-05:00

Below is a graphical presentation of the quarterly median price paid for condominium in Avalon at Pelican Bay.

You can read more about Pelican Bay and Avalon at Pelican Bay, as well as, finding historical median sold prices from 1998.

Naples Foreclosures

2007-07-09T08:08:00.000-04:00

Collier County's Clerk of Courts office during the month of June recorded a couple hundred residential Naples real estate foreclosures. It was interesting to note where the majority of the foreclosure actions are taking place, as well as, the age of the lien. More details are found on Naples Florida real estate blog.

Naples Florida Condo Real Estate Updated

2007-05-01T08:05:00.000-04:00

Yesterday I updated information for the March Naples Florida condo real estate market. Overall, the Naples condo market remains weak for sellers and strong for buyers.

Berkshire Lakes Naples - New Feature

2007-02-26T15:14:00.000-05:00

A new feature has been to my Berkshire Lakes Naples real estate web page. The feature will enable visitors to view current homes and condos for sale on the market.

The benefit to my web site visitors will be they can select homes or condos that they are interested in and view more pictures and details about a particular property.

This solves the problem of insuring that accurate pricing for prospective buyers as well as prospective sellers seeing at what price competing properties are on the market.

New Blog Started

2006-11-05T08:06:00.000-05:00

I recently started a new blog called Naples Florida Real Estate Homes. The website is http://naplesfloridarealestatehomes.com The name refers to Naples, but the information also includes Bonita Springs and Estero.

On this blog I will be reporting real estate statistics and analysis of the market. Other useful information will also be posted there.

This blog will be used whenever I add new information to my website - Naples Real Estate

Please feel free to post your comments on either of these blog. I will be more than happy to answer any questions about the Naples, Bonita Springs or Estero real estate markets.

Increases in Condominium Insurance

2006-08-24T08:13:00.000-04:00

As the financial affects of the previous 2 hurricane seasons are felt by insurance companies, these are now being passed onto the consumer. Recently, condominium maintenance fees are increasing significantly, due to higher insurance premiums for liability coverage (building replacement, etc. - similar to homeowners insurance).

Another reason for the increases is the increase in building supply replacement costs, as well as, property value increases.

These represent a double edged sword for the significant increase in premiums.

In one case the condominium association which consists of 5 buildings with 8 units or a total of 40 units the budget called for an annual insurance premium of $23,000 for one year. This equates to about $575 per unit annually. The current year's renewal had a premium of $48,000, or about $1,200 per unit. Or, an increase of $625 per year.

The condominium units are generally 2 bedroom, 2 bath units which in January 2005 were selling for in the $160's and $170's. In today's real estate market the estimated values are in the $210,000 to $225,000 range. This equates to about a 32% increase in estimated value. This could explain part of the increase or about $184 or the $625. The remaining portion could be attributable to risk assigned and losses incurred by the insurance industry.

When purchasing a newly constructed condominium, where the developer is still in control, there maybe some relief found by the new purchasers. A careful review of the Declaration of Condominium may reveal a clause entitled "Statutory Assessment Guarantee; Liability of Developer for Common Expenses." Within this clause, it specifically states the developer's guarantees for common expenses on a per unit basis(insurance coverage is a common expense) for a period of three years from the date of recording the Declaration of Condominium or the "turnover date" (a majority of the condominium directors are elected by the unit owners), which ever is the earlier date. The guarantee is not based on a line item basis of the budgetted expenses, but by total common fees. A condominium buyer should check the "Statutory Assessment Guarantee; Liability of Developer for Common Expenses." to determine if any increase of the common maintenance fees falls within the guarantees stated.

Buyers of condominiums, often ask, "Will the maintenance fee increase significantly after they purchase?" The "Statutory Assessment Guarantee; Liability of Developer for Common Expenses." may give a prospective buyer an indication of what future maintenance fees could be, if the condominium association directors (elected by the unit owners), continues to maintain the property in the same manner as the developer. Note - the condominium association directors need to be conservative in their goals and objectives for common maintenance.