Naples Florida Real Estate and Other Buzz

Bayfront2404d320b04 3415 45c8 ae2b 2bbadbadccb3

2012-01-19T08:49:00.000-05:00

Thought You'd be Interested

2011-10-02T13:57:00.000-04:00

Thought You'd be Interested

2011-06-16T09:49:00.000-04:00

Thought You'd be Interested

2011-06-15T16:02:00.009-04:00

BAYFRONT DOWNTOWN NAPLES

4 EXCEPTIONAL NEW LISTINGS

STELLAR AMENITIES

CLOSE TO BEACH

WATERFRONT LOCATION

ONSITE DINING, WATERFRONT CABANA BAR, ART GALLERIES, & BOUTIQUES

Please click on the links below to view an exciting visual presentation of each property highlighting interior features and resident amenities. Enjoy!

Bayfront Residence #5403
Bayfront Residence #5404
Bayfront Residence #4403
Bayfront Residence #5501

For more information, email or call me!

7 Ways to Buy and Sell Property At Market Value

2011-01-22T15:58:00.009-05:00

These are challenging times for buyers and sellers in southwest Florida.

Since I'm primarily a listing agent, I've had the challenge of advising homeowners how to price their property for an expedient sale. The information below can benefit both buyers and sellers as a guideline when negotiating the real estate market.

When buying and selling in today's market, here is the criteria to consider:

1. Assessed Value - In the past, assessed values assigned to properties may have been a little skewed. Now, however, when I look at assessed values and compare them to market value, they are in line a majority of the time.

2. Comparable Sales - Buyers in today's market want to know what the sales prices have been on comparable properties within the last 3 to 6 months. Since we can easily find similar properties in most cases, it is not rocket science to determine a fair market value.

3. Appraised Value - when an appraiser is assigned a property to evaluate, he or she will search out comparable sales, contact the listing agent for details such as upgrades, etc., and will basically determine the market value the same way a Realtor would. Having spoken with a multitude of appraisers who have contacted me for information, we are almost always on the same page.

4. Condition of Property - Although there may be several comparable sales, not all interiors and/or exteriors may be the same. If a residence was updated with new kitchens or baths, granite, stainless, hardwood floors, crown molding, etc. versus a comparable that is in original condition, a buyer and seller must add value for these improvements. Many times buyers do not consider these upgrades as having a monetary value. Buy they should.

5. View - within a given community, some properties have many different views: gulf , bay, lake, preserve , golf course, a parking lot or no view. Buyers need to consider added value for view. Properties with superior views sell for more. If you're looking for a bargain - sacrifice view.

6. Floor Location - the higher the floor, the more value added. In low and mid-rise buildings, top floors warrant more than lower floors. They generally have higher ceilings, no noise from upstairs neighbors and better views. In a high-rise building, being too high gives you a view of the sky. Consider extra value for a middle location where you can still see what's happening down below.

6. Sun Exposure - This is a personal preference in most cases and I refer to rear exposure only. Southern exposure provides year round sun, northern exposure no sun, western provides fabulous sunsets and glorious skies, eastern afternoon shade. Personally, I don't believe this adds or subtracts too much value since it so subjective. However, seller's with southern exposure always think that it does.

7. Location - why is location last? Because I'm using comparable sales. A good location is always a good location. You should always compare apples to apples. So, in Naples for example, being on the beach is a superior location than being west of 41. Even if you have an identical property, you can rest assured the one on the beach will warrant much more money. The same goes to proximity to downtown, the beach, dining, shopping, etc. The further north or east, the less the value.

In conclusion:

When selling, use the above information to list at an appropriate price to obtain a sale. You can hire the best Realtor on the planet but they cannot perform miracles. If a Realtor does take an overpriced listing they have themselves to blame when they don't meet your expectations. If you're unrealistic, plan on keeping your property until the market rises to meet you - and that will happen at some time is the distant future.

If you're a buyer, offer a price that is within reason. Most successful sales result from reasonable offers being presented to reasonable sellers.

Naples Florida 8th Best Place to Retire

2010-08-02T10:39:00.002-04:00

I just came across this article naming Naples Florida as the eight best place to retire.

http://www.walletpop.com/retirement/retirement-dream-areas

Thinking of Naples as your destination? I'm already here and ready to assist. Call or email me and I'll find your dream retirement home for you.

Bayfront - Affordable Downtown Naples

2010-07-18T09:20:00.005-04:00

You've probably seen this unique, waterfront community located in the heart of downtown Naples while driving over the bay bridge located on 5th Ave. S. and Goodlette Rd.

Offering a unique Mediterranean architectural design, Bayfront offers a variety of floor plans that include 1, 2 and 3 bedrooms. Bayfront is surprisingly affordable when compared to similar properties and is worth a look with prices starting at $299,000.

Another advantage is it's unique waterfront location with onsite shopping and dining and it's just a short walk to all 5th Ave. S offers.

If boating is your passion, there are boat docks that can be leased or purchased onsite. Resident amenities include 2 pools, 2 spas, tennis courts, fitness room and a covered, gated garage.

For a list of available properties or a personal tour, call or email me or visit my website: barbarajmorley.com.

Naples Florida Real Estate Market Reports

2010-07-17T11:29:00.003-04:00

Second quarter closed sales units increased 20% over first quarter, and 18% ahead of second quarter 2009. This makes it the third highest quarter in the past 10 years, exceeded only by second quarters 2004 and 2005. Properties priced under $250,000 comprised a smaller percentage of the market than in the past several quarters, and represented only 59% of all closed sales versus well over 60% over the prior six quarters.

Inventory continued to decline with the number of available properties decreasing by 14% from second quarter 2009 to second quarter 2010. The two-year supply of product available at the end of Q2 2009 now stands at less than one year, and indicates a balanced market at the current time.

View Complete Report: Market Report 2nd QTR 2010

NABOR: Monthly home sales up 51 percent from a year ago » Naples Daily News

2010-02-13T09:08:00.002-05:00

Finally, some good news about Naples, Florida Real Estate Market

Nabor reported a 51% increase in sales in January 2010 compared to January 2009. There is no doubt that attractive pricing has peaked the interest of buyers who think now is the time to take advantage of some of the best deals they've seen in years.

If you're interested in finding your best buy, subscribe to my "free" home search site where you can search for available properties like a pro. Just click on the Listingbook.com logo.

NABOR: Monthly home sales up 51 percent from a year ago » Naples Daily News

Park Shore Landings New Listing

2009-10-28T15:57:00.003-04:00

Please take a look at my new listing located in Park Shore Landings, Park Shore, Naples, FL. This waterfront 2 bedroom, 2 bath residence has a postcard perfect view of Venetian Bay and is just steps to the Park Shore owner's beach and shopping and dining at Venetian Village.

Review Listing(s) For an appointment, call me at 239-269-6966 or email me.

Make a Smilebox slideshow.

Naples Florida Real Estate News

2009-07-18T12:25:00.004-04:00

It's hard to believe it's already July. Being in Naples, FL in the summer is something I look forward to every year. Some say it's too hot, for me it's when things cool off. Lighter traffic, no waiting for a table, time for friends and family. And, unlike past real estate selling years, summer is sometimes just as active, if not more so, than season. Savvy buyers looking to cherry pick make it their business to scout out the summer deals.

If you're interested in how the market it moving, take a look at the links below. Inventory continues to decrease, pending sales have increased and days on market have decreased. Overall, things are looking a lot better than last June.

To read the NABOR June market information press release: http://nabor.com/zzdwnlds/news/press_release(8).pdf

To review the June market stats: http://nabor.com/zzdwnlds/news/june_2009_data.pdf

To review the 2009 2nd quarter market stats: http://nabor.com/zzdwnlds/news/2nd_quarter_data.pdf

For information on current listings that meet your criteria, please call or email me. Naples Florida Real Estate IS my business.

New Listing - Bayfront Downtown Naples, FL

2009-06-27T18:52:00.002-04:00

Excellent downtown location on Naples Bay. Waterview, impeccable neutral interior, attractive decor. Attractively priced in today's market. Take a look at the slide show below and call for your personal appointment. Open Sunday, June 28th from 1 until 4 pm.

Make a Smilebox slideshow

How to Find Out Who OWNS Your Loan and Why It Is Important

2009-05-15T18:44:00.010-04:00

A simple question but can you answer it? I couldn't so I decided to find the answer to that question today. Not really knowing where to begin, I started by calling my lender. Surprisingly, I got two different answers from two loan originators who work in different local offices of the bank that services my loan. One said Fannie Mae owns it, the other said it was definitely not Fannie Mae but she didn't know the answer beyond that. She gave me an 800 number. I thanked her, hung up and laughed out loud. I don't have that kind of time.

So, not satisfied, I started to research online just how someone can find this information.

I found two ways but this will only tell you whether they do or do not own the loan:

If your loan is owned by Fannie Mae, you can find out by going to: www.fanniemae.com/homeaffordable

If Freddie Mac owns it go to: www.freddiemac.com/avoidforeclosure

Fill out your address exactly as it appears on you loan statement and, voila, you will know if they own it or not.

It is especially important to know who owns your loan if you want to pursue a loan modification. Part of the recently enacted stimulus package is a program to allow homeowners whose loans are owned by Fannie Mae or Freddie Mac to refinance into lower cost loans. There are two criteria. The program is limited to Fannie and Freddie borrowers who are current on their payments and who's loans are between 80% and 105% of the current value of the property.

Learn more about the Homeowner Affordability Stimulus Package (HASP) and if this is a program that can benefit you.

Stay tuned, I'll be elaborating on how the stimulus package may benefit you in future blogs.

4 Things You Should Know before Buying a condo in Naples Florida

2009-05-11T11:46:00.009-04:00

According to Florida Realtor magazine's April issue, as of January 15, 2009, Fannie Mae has tightened its restrictions that will effect the condominium loans it will buy.

1. Fannie Mae will conduct eligibility, not the lender, for buyers who want a mortgage on new and newly converted condo projects in the state of Florida.

2. At least 70% of the total units in a newly converted condo project must be conveyed or under contract for purchase as a primary or second home residence.

3. No more than 15% of the total units can be 30 days past due with condominium association fees.

4. As of April 1, 2009, Fannie Mae plans to add a 0.75% fee of the total loan amount on certain mortgages secured by a condo. The fee will be paid by the borrower unless there is a down payment of at least 25% of the purchase price.

Condominium Conversions are basically apartment buildings that were converted to individual condominium ownership. At the height of the market, flippers bought multiple units and, after the bust, were caught holding quickly depreciating assets. As a result, short sale and foreclosures followed bringing down market values, delinquent association fees and vacant condos. Thus, the new Fannie Mae requirements.

What's the upside of this? Plenty. You can currently buy a very nice 3 bedroom condo for under $100,000. These communities are generally gated and have upscale amenities such as pools, spas, fitness, tennis and indoor racketball courts. They are conveniently located close to I-75 and a quick drive to downtown Naples in some cases.

If you are a seasonal user (second home) or someone looking for affordable housing with great perks, a condo conversion may be for you. If financing your purchase, be sure to use an informed lender and have your Realtor ask all the right questions.

For current availability or more information on Naples Florida real estate, contact me.

Long Sales = Short Sales

2009-04-18T09:56:00.002-04:00

I've posted blogs in the past regarding short sales. Recently I came across this article in Realty Times and thought it worth passing along. If you're thinking about buying a short sale, you may get a great buy, get one more property off the market and be in for a long wait before the lender responds, if ever. This article explains why low ball offers may be ignored by the lender. If thinking about buying a short sale, get recent comparable sale information and make a reasonable offer. There can be success as long as you understand the process and are realistic with your expectations.

Realty Times - Top 10 Home Buying Tips For Short Sales – A Guide To Understanding Short Sale Foreclosure Real Estate

Kind of about real estate but not really

2009-02-17T18:44:00.004-05:00

Instead of writing about real estate, today I'd like to share a little piece of me. Last year, I was lucky enough to reconnect with one of my high school girlfriends. Back in the 60's, life was a lot different than it is today. We attended a private parochial school where the girls were segregated from the boys. We wore uniforms that were about as unsexy as they could be and we could not have cared less. Speaking for myself, I loved wearing a uniform and not having to look attractive. I could roll out of bed, brush my teeth, run a comb through my hair and throw on that steel gray wool box pleated skirt, white blouse, blazer, navy blue knee high socks, my hush puppies and be off. At school, we didn't have the distraction of impressing the boys. We focused on our education, each other and whatever fun could be had. And fun we did have. Oh, by the way, the boys still noticed us.
In that environment, our friendships were formed. My friend, Mary Lou, who was kind enough to drive today from St. Pete's to Punta Gorda to meet me, and I agreed that after over 3 hours of talking, we had barely put a dent into our conversation. Almost forty years after we'd last seen each other, it was like we hadn't missed a day. She brought me a mini bouquet of lavender from her Maine garden that I carefully put into my tiniest glass vase and placed it exactly where it was meant to be. When I see it, or smell it, I will think of Mary Lou.
I guess the point of this little stroll down memory lane (since this is a real estate blog) is this. Mary Lou said that in a couple of years, all the girls who still work should be retired. At that point, many of them will be spending at least part of the year in Florida so we should make plans to all get back together. Really...............the baby boomers will be coming to Florida. Well, of course they will. Florida is the place to be during the winter months, if not all the months of the year. They all have done fairly well financially and would like to finally relax and reap the rewards of their hard work.
I look forward to it. Not because I'm a Realtor, but because I see us having as much fun at 60 (say what??) as we did at 16, maybe more - ok, for sure more.

January Sold Properties in NA05 - Crayton Road Area

2009-02-07T13:56:00.009-05:00

I've decided to do something different with sold properties. Instead of lumping them all together, I thought it would be more interesting to show a specific area and give some details about the property with the highest monthly sale price.

Also, I'm going to show the sale price and the sale price/sq.ft. for each.

To view Click Here

In January, the honor goes to Aria #902 with a sale price of $3,375,000. It has 4,777 square feet, 4 bedrooms and 4.5 baths.

Located on Park Shore Beach, Aria was built in 2006, is the last tower to be constructed on Gulf Shore Blvd. N. and offers a very unique design that joins two separate towers. One tower has two residences per floor and the other three residences per floor. There are 18 floors and 52 elegantly appointed luxury residences ranging from 3,173 to 4,777 square feet and 13 penthouse residences ranging from 4,011 to 5,088 square feet.

Resident amenities are second to none and include:

A Porte Cochere Entry, 24-Hour Manned Security Desk and Grand Two Story Lobby Entrance On Second Level
24-Hour Manned Security Plus Monitored Electronic Entry System
On-Site Residence Manager
Club Room
A large Swimming Pool and Pool Deck
Two Guest Suites
Billiard Room
Fitness Room
Board Room
Two Guest Suites
Private Parking

Aria is just a short walk to The Village on Venetian Bay, where you'll find a unique variety of shopping and dining experiences. You can even take a romantic ride in an authentic gondola.

For a complete list of all available residences in Aria or anywhere in the Crayton Road geo area (west of 41, north of Old Naples and South of Pelican Bay), I am available to assist you.

Caveat Emptor - Especially if you're getting a mortgage

2009-02-04T17:23:00.004-05:00

Now that you've found that great deal, will you be able to get financing? If buying a condominium, there are some new rules in the mortgage game.
If new to condominium buying in Southwest Florida, you may find that the process can differ from your real estate market elsewhere.
The process of buying a condominium is a little more involved than purchasing a single family home. It should be more involved. A buyer is becoming part of a community and will have to live closely with others, share common areas and count on others to pay their quarterly assessments for the upkeep of the association.
The upkeep and management of the association, the common elements and the cash reserves are crucial. After the sales contract is executed buyers of resale condominiums have three days to review condominium documents, budgets, frequently asked questions and rules and regulations. Basically, buyers get to verify the quarterly assessment, look for any recent or upcoming special assessment and see where the money is spent that is collected in the quarterly fees.
Before the downturn in the real estate market a simple review was enough. If the budget looked good and their dog met the pet weight restrictions, the buyers moved ahead with the purchase. Buyers and sellers never thought twice about buying or selling a condominium and wondering how it would get financed.
There are some fantastic deals on condominiums in Naples. Everyone probably knows of a community with an abundant supply of condos for sale; short sales and even a few bank owned units. They’re usually very attractive to investors and folks who had once been priced out of the market and can now back get in for pennies on the dollar.
There’s a little know wrinkle that’s starting to show itself in condo financing. Whether you’re an owner in a community with growing pains or you’ve flown down to buy a great deal, if you’re financing a purchase in a high risk area, you run the possibility of being denied a mortgage. Yes, even with a ready, willing, qualified buyer a mortgage can be turned down in underwriting.
Have you ever heard of a condo questionnaire? Not many people have because it’s part of the process done behind the scenes. It’s not subterfuge, its just one of the many facets of a transaction that usually goes unnoticed.
A lender sends a condo questionnaire to the condominium management company as part of the underwriting process. The questionnaire asks dozens of questions about the association, the stability of the finances, insurance and more. A good many of the associations charge as much as $150.00 to complete one of these questionnaires.
There are a couple of crucial questions on the condo questionnaire that are now a fly in the ointment.
■ What are the total number of units that are occupied as primary or second homes and what are the total number of units that are tenant occupied?
■ Provide the total number of unit owners that are 30 days delinquent on unit dues and/or special assessments.
Current underwriting conditions require 60 percent or more of the units to be primary or second homes. That only leaves a maximum 40 percent of units or less permitted to be investor owned or tenant occupied to still meet the guidelines.
A condominium association that is inundated with tenants and/or foreclosures runs the risk of not qualifying for a mortgage. Yes, foreclosures count, too. Those foreclosures are considered investment properties since they are no longer a primary residence or second home.
Anyone that thought special assessments to make up the difference for delinquent owners was merely a one time inconvenience or just part of having “growing pains” needs to know that it is becoming so much more. Typical underwriting guidelines state that if 15 percent of owners are in default, that mortgage is a no go.
Who would have thought that after researching and looking for a home, qualifying for a mortgage, paying for the inspections, appraising for purchase price and making every deadline the transaction could flat line because of the condo questionnaire?
If you’re a seller of real estate in a troubled area you need to pay attention to what is going on in your community. The 2009 budgets should be in your clutches or on the way by the end of this month. You might want to scrutinize the budget and last set of association meeting minutes to see where you stand, especially if you are trying to sell.
Marketing and finding a buyer is only part of the struggle for anxious condo sellers. It would be a shame to find out the hard way, after having your condo under contract for weeks, that the mortgage won’t fund due to the occupancy ratios or delinquencies.
Condo buyers who are preparing to pick up one of the steals and deals in a community chock full of investors and tenants may want to do a little homework and ask a few questions prior to contract, especially if they’re counting on getting a mortgage to pay for the purchase. After all, that great deal isn’t a great deal if you’ve invested time and travel expenses to find it and can’t get the financing that you’re counting on to pay for it.

Closed Sales 12/3-12/9/2008

2008-12-11T06:51:00.002-05:00

The highest sale price was $4,500,000 for a new single family home located in Pratolino in Mediterra. Affordable deals abound at the lower end because bank foreclosure opportunities are still available. At Fairway Preserve, closed sales are under $100,000 for properties that owners paid over $300,000 to buy at the height of the market. My follow up story will talk about an article stating that Naples Florida properties are almost 20% undervalued.
To view closed sales: Click Here

Closed Sales 12/2 - 12/4/2008

2008-12-04T08:09:00.001-05:00

To view closed sales Click Here .

Casa Mar by the Sea

2008-12-02T14:55:00.008-05:00

22 Casa Mar Lane

Naples, Florida

This has to be one of the most inviting villas being offered in Park Shore. The price has just been reduced from $3,395,000 to $2,975,000.
Your sunset view alone is worth every penny.

If you walk fifty paces, you will find treasure. The beach is that close to your door. How many beaches look like this one? If you enjoy privacy, you'll love it here.

A private heated pool and spa are located just outside the 1300 SF screened lanai complete with kitchen and full bath. Entertain in style.
Seen on the upper right is the spacious master bedroom terrace where sunning and watching sunsets is a real pleasure.

To see more photos and details, please Click Here . For a private showing of one of Park Shore's best buys, call or email me. It is one of my exclusive offerings.

Naples Florida October Market

2008-12-01T18:50:00.003-05:00

This report is for the greater Naples, Bonita Springs and Estero market areas. For specific locations as they relate to you, contact me for information.

Closed Sales
 YTD October closed sales units are up 18% over same period 2007. Volume is down 8%.
 YTD October sales in the under $250,000 price segment show an increase of 116% over prior year. All other price segments are down,
although the $500,000 - $750,000 category is almost the same as 2007.
 Closed sales for the month of October are up 25% over October 2007 and comparable to October 2002 levels.
 Median sales price continues to decline as the impact of lower priced closings affects this number. Median sales price is down 21% from YTD October 2007.
Pended Sales
 438 of the 699 sales pended in October were under $250,000, representing 63% of all sales for the month.
 YTD pended sales under $250,000 are up 212% over YTD October 2007. All other price segments are down with the over $5,000,000 category showing
the largest decrease at 35%.
 Month of October pended sales are up 66% over October 2007. Again, most of the increase in the under $250,000 segment which jumped 317% over October 2007.
Listings
 New listings taken in October are down 10% from October 2007.
 Active listing inventory on November 1, 2008 stands at 13,411 in the combined Naples, Bonita Springs, Estero markets (6,978 single-family homes
and 6,433 condominiums). This represents a 5% decrease over inventory levels in October 2007.
 Largest inventory decreases are condominiums in the $250,000 - $500,000 segment (down 30%) and single family homes between $500,000 and $750,000 (down 33%).
This report represents the combined Naples, Bonita Springs, Estero market. Numbers may vary among various neighborhoods so to be sure to research
individual market segments carefully.
Disclaimer: All information from Sunshine MLS. Accuracy is deemed correct but not warranted.

New Listing at Bayfront

2008-12-01T08:33:00.005-05:00

401 Bayfront Place #3507

1344 SF

2 Bedrooms/2Baths plus den

To view detailed information, click here

Preferred penthouse level location with private terrace, bamboo flooring, and terrific resident amenities.

Bayfront is a downtown Naples landmark with onsite art galleries, shopping and dining and is within walking distance to 5th Ave.

Oops - Sorry

2008-12-01T08:17:00.002-05:00

As my granddaughter Coral used to say - oops, sorry. Seems like I've been away for awhile and have so much to say. I'd like to start by catching up with the closed sales since November 5th. Enjoy.
Nov. 6th - 13th Click Here
Nov. 14th-20th Click Here
Nov. 21th-Dec. 1st Click Here
Hope you had a great Thanksgiving.

Top 10 reasons to downsize or a trend of things to come?

2008-11-11T18:41:00.005-05:00

This past weekend, I held a property open in Mediterra, an upscale gated golf course community that is revered as a golfer's paradise. Why? Because there are two absolutely fabulous Tom Fazio designed 18 hole courses that meander through the nature preserve and are more than a pleasure to play. In fact, they are the first two 18 hole courses to be awarded the Audubon International Silver Signature Sanctuary Award. It is the only course I've played in Naples where there are only sounds of silence and nature.

As each visitor viewed the residence, a 2665 SF, 3 bedroom/den/3 bath coach home, I asked if they were familiar with the community and its amenities. "Yes, we live here." Great! "Are you looking for friends or family?" "We're looking for ourselves, we want to "downsize". I had at least 5 visitors who were there for the same reason.

My first reaction (silently) is why! Here are some of the reasons I heard on Sunday:

1. Our house is 8,000 square feet and we only use it during season. It seems that we really would be just as happy with something smaller. This has all the upgrades and amenities we'd want. Most of our time is playing golf, at the beach club or out with friends.

2. Do you have any idea how much it costs me for utilities per month? Too much. ($1300 was the amount quoted).

3. Our family just doesn't come to visit as often as they used to so we just don't need the space.

4. We love our golf membership so much and have made so many friends here we really want to stay in the community.

5. Why pay over $50,000 in taxes if we don't have to?

6. A coach home with 3 bedrooms and a den serve our needs very well and it really lives like a house.

7. I only come here for 3 or 4 days at a time to golf. I basically need a space for my car and golf clubs.

8. We have a huge house up north and really don't need another one here.

9. How much space do two people need?

10. We're just looking for something with less maintenance. It's a worry when we're not here not to mention the expense.

There you have it. Of course, not everyone feels this way. Many residents cherish their spacious homes. But it's nice to have options.

One of the reasons I love selling real estate is meeting people and keeping up with current trends. I'm guessing that as Meis Van der Rohe, one of the father's of modern architecture said, "Less is More".

For more information on Mediterra, please email or call me.

Closed Sales 11/1 - 11/5/2008

2008-11-06T09:48:00.004-05:00

For the Naples geo areas NA01 - NA18

Review Listing: Click Here

The top sale was a Port Royal property that has 243 feet of water frontage on Morgan's Cove. For a mere $7,300,000 you too can have deep water, direct Gulf of Mexico access.

Closed Sales 10/27-10/30/2008

2008-11-06T09:18:00.003-05:00

Closed Sales in geo areas NA01 to NA18 from October 27 to October 30, 2008.

There were 34 properties closed during the last 3 days of October ranging in price from $99,900 in Bermuda Palms to $1,750,000 for a pre-construction condo in Old Naples.

Park Shore, Moorings, Coquina Sands Short Sales

2008-11-04T11:55:00.004-05:00

I've recently been asked for short sale information in the NA05 geo area in Naples. After searching in MLS, I've located 14 results that range in price from $149,000 to $1,200,000. These include both single family homes and condominiums. Since there are 647 total listings, short sales represent only 2.1% and not all of them will be approved by the lender, if any.

In September, I posted a newsletter, written by attorney Ron Webster, where he shares his experience with short sales. If you have an interest in making an attempt at buying one, you may want to read it.

For specific short sale listings, feel free to contact me.

Closed Sales 10/19-10/26/2008

2008-10-26T08:59:00.001-04:00

For Naples geo areas NA01-NA17.
10/19 - 10/22 Click Here
10/23 - 10/26 Click Here

Bayfront - New Listings

2008-10-26T08:37:00.008-04:00

During the past week, I have had the opportunity to list two properties at Bayfront (see post below about the community).

The first is located at 451 Bayfront Place #5204. It is a two bedroom/2bath being offered furnished and has a great location in building 5 close to the amenities level. List Price $599,000.

Review Listing: Click Here

The photo was taken from the terrace.

The second listing is located at 450 Bayfront Place #4204. It is a two bedroom/2bath being offered unfurnished and has a sweeping water

view. List Price: $624,000

Review Listing: Click Here

The photo was taken from the terrace.

I currently have listings at Bayfront from $379,900. For more information or an appointment to view, please email or call me.

Closed Sales 10/10-10/18/2008

2008-10-18T14:30:00.001-04:00

For the Naples geo areas NA01-NA18. After viewing the closed sales, scroll down and read about Bayfront!
Closed sales: 10/10-10/14 Click Here 10/15-10/18 Click Here

Bayfront - Downtown Naples Florida

2008-10-18T13:56:00.005-04:00

Whenever someone asks me about property that has great resident amenities, onsite activities, close to 5th and has good seasonal rental potential, one place comes to mind - Bayfront.

In my opinion, it has a unique location because it is on the water, in the heart of downtown Naples, close to tony 5th Avenue, 3rd Street, Tin City and the beach. For tourists, these areas are a must see.

Naples residents also enjoy these locations. They like 5th Ave. for shopping, weekend art shows, theater, fine and casual dining, night life and people watching. A little more casual and "Old Naples" is Tin City where there are a number of fun shops and waterfront restaurants. Additionally, 3rd Street has great upscale shopping, art galleries and really unique restaurants like Tommy Bahamas and Handsome Harry's.

As far as onsite activities, Bayfront has impressive art galleries, unique boutiques, restaurants and a waterfront cabana bar right outside the resident's door. There are also tennis courts, pools and spas, a clubhouse and fitness studio. There is nothing else like it.

Put superb location, great amenities, onsite activities together with property that can be rented 12 times a year, I think you've found the one downtown property that does have it all. Currently, there are 1, 2 and 3 bedroom residences on the market that are extremely well priced at Bayfront. If you'd like to see them, just click on the link to the right.

Bayfront was built in 2000 and has already become a landmark. For rental and sale information, email or call me.

Jobs, housing prices, and who is getting thrown under the bus

2008-10-12T10:41:00.004-04:00

Well...............

What is the answer to our current economic mudslide? More political mudslinging prior to November 4th?

I'm watching Meet the Press and everyone has an opinion. Here's mine. Let's get to the point! I want to hear what our Presidential nominees OWN OPINIONS are about our economy, how this meltdown happened and what they are planning TO DO to move us in the right direction. Not what the voters want to hear. And stop with the scare tactics. I'm scared enough already. It seems every other day each of them changes what they have to say based on where they are campaigning. One of these men are going to be our next President.

Let's move forward, let's have change, we need reform, blah blah blah.

Let's do ourselves a service and go to their respective websites to read exactly what they plan to accomplish, what measures they will take and how they will be funded. Obviously, that may be the only place to find out and hopefully it isn't a regurgitation of the boring and uninformative last debate (snooze fest). McCain Website Obama Website

Still not decided? Take this test. It is surprisingly helpful.

Our economy is in the tank. We need to expand, not contract. More jobs, increasing home values and throwing those who created this debacle under the bus instead of us.

Market Report for September 2008

2008-10-12T10:33:00.007-04:00

Naples Area September Market Report

New Listings

2007: 1313

2008: 1264

change -.037
Pending Sales

2007: 234

2008: 484

change: +106.6
Closed Sales

2007: 240

2008: 360

change: + 50.0

Average Sale Price

2007: $609,686

2008: $457,136

change: - 25.0

Naples Area 3rd Quarter Market Report

New Listings

2007: 4225

2008: 3908

change: -7.50
Pending Sales

2007: 782

2008: 1418

change: +81.32
Closed Sales

2007: 1225

2008: 1696

change: +38.44

Average Sale Price

2007: $622,593

2008: $467,589

change: -24.89

The percent increase in pended and closed sales is very encouraging, especially at this time of year.
New listings have decreased slightly and, as anticipated, price continues to decline.

With recent economic volatility both here and worldwide, time will tell if the rescue plans being offered by various governments will turn the financial and real estate markets around.

It is unfortunate that we are all paying the price for irresponsible economic decisions made by our representatives involving Freddie Mac and Fannie Mae.

Community and geographic area average sale prices may vary depending on short sale and foreclosure activity. Feel free to email or call me if you’d like to know how your location fared.

Disclaimer: All information from Sunshine MLS. Accuracy is deemed correct but not guaranteed.

Closed Sales 10/4 - 10/9/2008

2008-10-12T10:33:00.001-04:00

For Naples geo area NA01 - NA18 Click Here

Closed Sales 10/1 - 10/3/2008

2008-10-12T10:30:00.000-04:00

For Naples geo area NA01 - NA18 Click Here

Closed Sales 9/26 - 9/30/2008

2008-10-12T10:26:00.001-04:00

For the Naples geo area NA01 - NA18 Click Here

Closed Sales 9/21 - 9/25/2008

2008-10-12T10:22:00.002-04:00

Closed sales for the geo areas from NA 01 to NA18 Click Here

7th Most Secure Mid Sized City - Naples, Florida

2008-09-27T10:30:00.004-04:00

First - here are the most recent closed sales: Click Here

Naples - Marco Island received 7th place as one of the Most secure cities in America.

Things just keep looking better and better for our little corner of Southwest Florida. I also noticed while looking at today's MLS update that the nice little jewel deals are disappearing (being bought) thus making prices start to float ever so slightly upward in desirable locations.

I believe this season will be our best since 2006.

Let's keep a sharp eye on our Congressional leaders. They work for us. When searching to see if the bail out proposal is anywhere online to review, I couldn't find it. I did find a website called "The Sunlight Foundation" where they are working on it. If anyone knows of another source, please post a comment. Since we will be "footing the bill" (no pun intended) and the outcome will have a direct impact on all of us, I'd like to know exactly what it entails.

Closed Sales

2008-09-19T18:56:00.003-04:00

Sorry - I've been under the weather. Here are the closed sales since the last post. Enjoy!
How about that crazy stock market? Any thoughts would be welcome.

Click Here
Click Here
Click Here
Click Here

Market Analysts Say that Naples Florida housing market is a "ray of sunshine"

2008-09-19T16:56:00.004-04:00

I'm always most delighted to pass along stories that report good news about the Naples Florida real estate market. In my last two market updates, I provided statistical information that supported that sales were increasing each month in 2008. The prices, as I always emphasize, were still down in certain geo locations. Again, if you buy or own property in what I refer to as the "it" locations, you may have already seen the bottom

Today, the Naples Daily News (story below) cites an interview on CNBC where Naples is said to be slightly undervalued. Enjoy the story and, take heart, for some, the bottom may be here at last. A word to buyers - if you're intent is to buy in the market over $300,000, west of 41, waterfront, downtown Naples or certain gated golf course communities, giddy up.

NAPLES — In one economist’s eyes, the Naples real estate market is now seen as “slightly undervalued.”
In an interview with CNBC Wednesday night, Richard Dekaser, a senior vice president and chief economist at National City Corp., singled out Naples in talking about the “first rays of sunshine on a possible end to the housing crisis.”
“Three years ago, the poster child for excess valuation in America was Naples, Florida,” he said.
Not anymore. Through the second quarter of this year, prices have dropped 33 percent, he said, leading him to judge the market as “slightly undervalued.” That means home prices are actually lower than where they should be.
“Now it could become even more undervalued and I suspect it will,” he said in the interview. “But I think we have to appreciate the adjustment that has already occurred.”
He said prices could hit bottom within six months as foreclosure rates begin to fall.
“I don’t want to overstate the case,” he said. “The housing bust is not over. But we are in a later stage of stabilization,” he said.
Dekaser is the same analyst who labeled Naples the most overpriced market in the U.S. a few years ago.
At the end of the first quarter of 2006, National City judged that with a median home price of $383,000, prices were more than double what they should be in Naples.
Prices continue to fall.
In August, the median home price — the price at which half of the homes sell for more and half for less — dropped to $238,000 in the Naples area. That was down from $375,000 a year ago, according to a monthly report by the Naples Area Board of Realtors.
For seven straight months, sales have picked up.
It was nice to see Naples shown in a positive light in the media, especially with so much bad news going on in the banking and financial markets, said Brett Brown, president-elect for the Naples Area Board of Realtors.
He said if you took out the under-$300,000 market, where most of the foreclosures and short sales are happening, the median price would have been up 5 percent in August. Short sales are sales made for less than the bank is owed to avoid foreclosure.
Naples was the only market mentioned in the interview with CNBC.
“It shows we haven’t fallen off a cliff,” Brown said. “We are here. Properties are selling.”

Story By: Laura Layden

Ooops - I did it again.

2008-09-11T09:40:00.002-04:00

A little change has to take place that you may not like. I have been posting new listings on my blogsite so that my valued customers could check in to see what is new and exciting in the Naples real estate market. Yesterday, I was told that I can no longer do this.

However................there is another way you can still receive updates. Just go to my website and fill in the information with your criteria. This is a great feature of John R. Wood Realtors. They have it all. If you'd rather, ask me to do it for you.

If it's not one thing it's another. Rules are rules and I must comply. I apologize for the inconvenience. I still can post "Closed Sales" so come back to see those.

Naples Florida Real Estate Market Report

2008-09-11T09:09:00.002-04:00

Closed Sales: Click Here

Market Report for August 2008

Although August is historically among the slowest months for sales in the Naples, Bonita Springs, Estero real estate markets, August 2008 actually had more sales than January, March or June 2008. The average number of sales for August, using the past nine years to compute the average, is 649. In August 2008, the number of pended sales is 729, well above the historical average, and the highest August recorded for the past three years.

While pended sales have increased over prior year in 6 of the 8 months in 2008, CLOSED SALES (due to some corrections in MLS numbers) now reflect increases over prior year in all 8 months.

Median and average sales prices continue to decrease, reflective of the fact that 71% of all closed sales are under $500,000, (with 36% under $250,000).

John R. Wood Realtors continues to lead the local market recovery with over 1100 closed sales in 2008. This places us well ahead of any other broker in the area.

Several of the neighborhoods in our sample tracking now have less than a one year inventory of available product, based on recent absorption rates.

As winter residents begin returning in October, we will undoubtedly see the seasonal increase in available properties for sale. We will also see a greater number of buyers in the market, likely resulting in greater competition for properties that are well positioned relative to price, condition and location. Price will remain the key to successful selling as the market continues to stabilize.

New Listing Bayfront - Downtown Naples Florida

2008-09-10T11:41:00.007-04:00

Closed Sales: Click Here

I have a fabulous new listing in downtown Naples at Bayfront. To view photos and listing details, please click here.
It is a 2 bedroom, 2 bath condominium listed at $599,000. For specific information on this, and my other Bayfront listings, you can email me or visit my website.

I have been representing buyers and sellers at Bayfront since 2000 and am proud to say that I have been involved in over 30 transactions there. Call or email me for additional information.

Short Sales or Long Sales?

2008-09-09T09:01:00.006-04:00

New listings 9/7 and 9/8/08: Click Here
Closed sales 9/7 and 9/8/08: Click Here

Attorney Ron Webster is very familiar with the process and, as he writes below, they can be a very frustrating experience. With his permission, I'm passing along his newsletter.

Short Sales Should be Called Long Sales

I am frequently contacted by Real Estate Agents as well as buyers and sellers who get frustrated half way through the short sale process. Negative comments start to emerge that only one out of five short sales are successful. The truth is short sales require the determination of an olympic athlete. With hard work and perseverance, I have seen banks approve virtually every short sale that has been submitted within reason.
The truth is, no matter how much you discourage a buyer from submitting a short sale offer and no matter how much you hold the seller's hand, short sales become an emotional roller coaster for both the buyer and the seller.
One of the biggest problems I have encountered with short sales is misguided expectation factors, particularly on the part of the buyer. In most instances, the agent should insist and find a non-short sale property for the majority of the buyers.
However, if you have an insistent buyer it is important they understand the concept of one strong contract offer in order to make a short sale closing successful. Agents should pre-qualify short sale buyers by pointing out key facts:
Are you willing to wait up to 150 days to close?
Typically speaking, most short sale approvals have been taking approximately 120 days to approved. I previously was under the mistaken belief that banks were given a shorter time to approve the short sale the bank would act quicker. After all, Parkinson's law stands for the axiom "work expands as time allows." In reality, banks are overwhelmed, short sale departments are unorganized and it is unrealistic to believe that a bank will make a decision in less then 90 days.
Are you willing to obtain home inspections shortly after the offer is accepted?
The buyer should recognize that even if the seller accepts the contract, it is still gamble and certain out of pocket expenses will be at risk. In my experience, it is far better to discover problems up front through an inspection and immediately walk away prior to being tied into a property for 90 to 120 days and than discovering unanticipated problems.
· Are you aware that backup offers may be submitted at any time up until the bank approval?
In this instance, neither the seller or the banker are obligated to allow the initial buyer an opportunity to counter a subsequent offer, in other instances, the bank may make a counter offer depending on the appraisal. If a buyer is unwilling to increase his offer at that time, the short sale again will fail.
Success in any endeavor is discipline. If buyers have a proper understanding they must first have the patience of Job (the dude from the Bible) then the vast majority of short sales, provided they are realistically priced, will be approved. There is nothing short about short sales as they are labor intensive and time consuming. If buyers are unwilling to stay in for the duration they should be weeded out up front. It is unfair for buyers to tie up the properties, generate an avalanche of paperwork and phone calls and then walk away because of a lack of patience.
In an effort to educate buyers I am putting together a brochure in a PDF format, a document entitled "Buyer Beware......What Every Buyer Should Know Prior to Placing and Offer on a Short Sale or Foreclosed Property." If you would like a copy of this to pass along to perspective purchasers, please don't hesitate to contact me. I will be glad to provide you a copy.
If you have questions on short sales or any subject relating to a purchase or sale or the tax implications of titling of real property please don't hesitate to e-mail me.

Visit Our Website
Sincerely,
Ronald Webster
Law Offices of Ronald S. Webster
email: ronwebster@earthlink.net
phone: 239-394-8999

Naples Florida Real Estate

2008-09-06T09:44:00.004-04:00

New listings 9/4/08: Click Here 9/5/08: Click Here

Closed sales 9/4/08: Click Here 9/5/08: Click Here

Hurricane Update: Ike

I know a lot of you who read this blog do not live in Naples full time but own property here. I always receive phone calls asking me about the weather when storms are approaching. We lucked out with A thru H with Hannah taking a turn north east and missing south Florida. As always, we have to wait it out for days to see where Ike is headed. With a nice high pressure system in place, it looks like he'll head southwest and miss us. Good news so far. We'll know in about 36 hours what the most likely track will be.

Again, we'll be on the eastern side, like Gustav, so we may get some wind and rain. I'll update again on Monday.

Naples Florida Real Estate

2008-09-04T08:54:00.001-04:00

9/4/08
New listings: Click Here
Closed sales: Click Here

Naples Florida Real Estate

2008-09-04T08:45:00.004-04:00

9/2/ - 9/3/08
New listings: Click Here
Click Here page 2
Closed sales: Click Here

If you need additional information, please email or call me.

Naples FLorida Real Estate

2008-09-02T09:42:00.002-04:00

I hope everyone had a great weekend. Here is what happened in the real estate world.
New Listings 8/30-9/1/08: Click Here
Closed Sales 8/30-9/1/08: Click Here

Labor Day - a trip down memory lane

2008-09-01T11:29:00.005-04:00

Labor Day is one of the holidays Americans like to celebrate with parades and picnics. Featured fare usually consists of hot dogs, corn on the cob, potato salad, and apple pie.

It is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.

While I was doing a little research, I came across this poster of Rosie the Riveter, a cultural icon of the United States representing the six million women who worked in manufacturing plants that produced munitions and material during World War II while many American men were away fighting in Pacific and European theaters. This got me thinking about my mother because while my father marched across Europe through England, France and Germany, my mother was a real life Rosie. For me, this poster is a tribute to the strength of American women who sacrificed and did their part here at home.

This is my small way to say thanks to all who came before me who labored tirelessly to make this nation great. I didn't go anywhere over labor day weekend but I sure did enjoy my trip down memory lane.

My thoughts and prayers are with everyone affected by Gustav.

It's a Lovely Day - in Naples Florida

2008-08-30T09:43:00.004-04:00

New Listings 8/29/08: Click Here

Closed Sales 8/29/08: Click Here

I'm going to be dropping the Title: Naples Florida - New Listings and Closed Sales since it makes my blog look uninspiring (boring).

Instead, the title will reflect my daily ramblings. Today may be the last pretty day of the labor day weekend because we'll be on the dirty (east) side of Gustav as he makes his way to Louisiana. The hurricane won't have any impact on us other than bringing some isolated rain showers and clouds from the extreme outer bands. It will be business as usual.

September is usally a pretty quiet month for Realtors. Personally, I have two buyers coming to town. We'll be looking at the best buys in the downtown, Old Naples, west of 41 locations. A few gems that I had been keeping an eye on have been scooped up. If you want to see my top 5 picks in any Naples area, all you have to do is email me. I like phone calls too.

I'm off to look at video cameras.

Naples Florida New Listings and Closed Sales 8/28/08

2008-08-29T17:05:00.003-04:00

New Listings: Click Here
Closed Sales: Click Here
Sorry for the delay in posting today. Busy day. Things are definitely picking up in Naples. If you're planning on listing your property, even if not until November, give me a call so we can get a head start on advertising. We have a one to two month lag time for major publications.
Open this weekend Sunday 1-4 pm - Downtown Naples: 450 Bayfront Place #5301, 410 Bayfront Place #2404 and 15539 Monterosso Lane #202 in Mediterra.
Thanks for your business - have a great labor day weekend!

Naples Florida New Listings and Sold Properties 8/27/08

2008-08-28T15:33:00.001-04:00

New Listings: Click Here
Closed Sales: Click Here

Now may be the time for Europeans to buy. The dollar is gaining strength and lenders are requiring more down from foreign nationals. Call or email me.

Real Estate Value Trends My What?

2008-08-28T15:30:00.001-04:00

I just read the 2nd quarter Real Estate Market Trends in Naples, Florida that is posted on Zillow that states:
"According to the latest Zillow Real Estate Market Report, home values in Naples decreased 19.90%% in the second quarter of 2008, compared to the second quarter of 2007. Nationally, home values decreased 9.9% during this same period."
Actually, when I did the calculation, I came up with a 22.56% decrease. Why? Maybe I'm not good at math or maybe it's because Zillow used Naples and Marco Island and I used only Naples average values provided by our local MLS. Using only Naples is reason enough to say - please stop using all of Naples to calculate market trends - especially value! There - I said it. It's not only Zillow, it's our local and national newspapers and television.
The reason is obvious to Realtors in Naples but maybe not to a buyer from Wisconsin. Our local market varies tremendously even within a geo area. Our MLS includes everything from mansions on the beach to rural properties on septic and well. Just to illustrate this point, I used NA11 - the geo area where I live. If I use single family homes only, the values have increased 10.8% in the 2nd quarter of 2008 compared to the same quarter in 2007. However, if I use only one community within NA 11, I get an entirely different result. In Mediterra, again where I live, single family home values increased by 13%.
Now that paints an entirely different picture doesn't it? So if a buyer is considering moving to Naples and wants to buy a single family home, they may decide it's not the right time to buy. They may think that if they wait, the prices will be even lower. Maybe they or maybe not. I would say that buyer just may miscalculate when to buy in NA11.
Whether a buyer, seller or fellow Realtor, we should not rely on statistics that are generic in nature and not reflective of a geo area in a regional market. This holds true for all areas nationally. We can all add value to the service we provide, especially if working with a buyer who wants to buy outside our area of expertise, by consulting with a fellow rainer.

Naples Florida New Listings and Closed Sales 8/26/08

2008-08-27T07:56:00.003-04:00

New Listings: Click Here
Closed Sales: Click Here

This morning, Phil Wood of John R. Wood Realtors, sent an email saying that he was interviewed yesterday and did some research on foreclosures that included Naples/Bonita/Estero. The following statistics were included and I wanted to share them with you.

· Thru July of this year, there have been 3,754 closings in Sunshine (our MLS), in the specified areas. (a few more than our previous stats since some closings have now been added to the system).

· Only 163 of these were foreclosures, which is a very small number as compared to what media reports would lead one to believe. (4.3%)

· 45% of the foreclosures were in Golden Gate City and Golden Gate Estates, so there are only 90 closed foreclosure sales in ALL other areas.

· 84% of the 163 foreclosures sold at $300,000 or less, so it is primarily confined to the lower price ranges.

If I can add my two cents, when I conducted my own research a few weeks ago, I also found that many of the foreclosures were also taking place in what we call condo conversions - another market under $300,000 . This is another good reason to check specific locations within Naples so you get the real buzz on the real estate market. When the media reports, they sometimes use national statistics or lump local statistics together skewing the numbers. You can request information on any Naples geo area by emailing or calling me.

I'll be writing a follow-up blog later about a new federally insured mortgage program that will certainly benefit first time home buyers when they find a bargain in our market.

Naples Florida New Listings and Closed Sales 8/24-8/25/08

2008-08-26T10:32:00.005-04:00

New Listings: Click Here and Click Here

Closed Sales: Click Here

I just spoke at length with an appraiser in the local Naples Florida real estate market and he indicated that "in some local markets" prices have stabilized. More good news to back up the data from the Naples Area Board of Realtors (NABOR). As I have reported in a previous blogs, July 2008 Market Report and Market Rebounding, it appears that, at least in certain geo areas, we have seen prices bottom out. I will report the August market figures once they become available and hope that this trend continues. Stats on specific Naples locations are available upon request.

Mediterra - Parque Celestial

2008-08-25T08:54:00.013-04:00

Natural wetlands and gardens surround astrological elements borrowed from the Renaissance.
The Elements: The Stargazing Pavilion and Water Gardens, The Sun Clock, The Solstice Pathway, The Lunar Terrace, The Zodiac Terrace and The Labyrinth.

Climb up a few stairs to The Stargazing Pavilion that sits atop a low knoll and overlooks the nature preserve. To better see the evening skies, the site has limited artificial light. The pavilion’s dome is open metalwork that is made up of circle, star and moon motifs. Flanking the pavillion are Water Gardens containing soothing fountains and tropical plants.

The Sun Clock is an interactive sundial measuring the daily movement of the sun. If you stand on the monthly marker in the center, your shadow will mark the time of day. I've tried it and it really is accurate.

Radiating out from the sun clock is The Solstice Pathway. It is aligned with sun's path on the brightest night of the year, the summer solstice. This path leads east and west to two special places.

The Lunar Terrace to the east contains images of the phases of the moon in its perimeter. An Armillary Sphere is actually a sundial. The shadow cast by the center bar strikes a band that indicates the time in Roman numerals. Developed by early astronomers as a way of studying the heavens, the sphere modeled the movement of planets with the earth as the center of the universe. This sphere combines the concepts of time, history and the changing universe.

The Zodiac Terrace to the west has representations of the twelve signs of the year according to the Greeks. Each sign is associated with the constellation through which the earth passes at that time of year. At the center of this terrace is a Compass Rose showing the orientation of east, west, north and south.

The Labyrinth is an ancient form of walking meditation using one well-defined path winding inward to a center and then outward again on the same path.

Labyrinths blend visual symbolism with the process of walking to increase awareness. The labyrinth leads, and we follow. It is designed to keep the mind focused on the path itself. The center is a place of reflection and illumination. The path outward is preparation for re-entering the world, transformed by knowledge gained while in the labyrinth.

A visit to the parque can be a peaceful escape from the everyday. Choose a different element each time and enjoy.

Naples Florida New Listings and Closed Sales 8/22/08

2008-08-23T09:10:00.004-04:00

New listings: Click Here
Closed Sales: Click Here

Tonight, The Naples Beach Hotel and Golf Club will host another “Summer Jazz on the Gulf” event. This will mark the 23rd consecutive year of the fun, free concert series, which combines the smooth sounds of Jazz with beautiful views of the Gulf, exquisite sunsets, refreshing breezes, and a relaxing atmosphere. Featured this evening are "Women’s Blues Revue" made up of 8 of Florida's best blues, jazz, R&B and rock musicians who come together a few times a year to perform. http://www.womensbluesrevue.com/
Tonight, August 23rd from 7-10 pm - free. Bring a beach chair or blanket.

Mediterra - Calusa Play Park

2008-08-22T11:41:00.006-04:00

Living in Mediterra certainly has its advantages. Not only have its golf courses been certified as the world's first 36 hole Audubon International Silver Signature Sanctuary, its parks were also created with the same emphasis on nature and design.

Having lived here since 2002, I have enjoyed walking the community taking photos along the way. So you can get an up close and personal look around, I'd like to share some of them with you.

Mediterra offers three outstanding park themes. The first one I'd like to feature is the Calusa Play Park that honors Florida's first inhabitants, the

Calusa Indians. It even has its own "chickee hut".

The park is adjacent to Mediterra's expansive nature preserve and wetland prairie. Designed for children of all ages, it's a place to climb rock walls, swing high into the sky, run up and down grassy knolls, or gather around the fire pit to toast marshmallows and tell stories. There is even a half basketball court.

Even if you don't want to play, just being there is like a visit to the Everglades. Quiet, peaceful, relaxing and home to Bald Eagles, Osprey and Kites.

The next park I'll write about is Parque Celestial featuring astrological elements popular during the Renaissance.
Prices for Mediterra property start in the $700's to over $7 million.

Naples Florida New Listings and Sold Properties 8/21/08

2008-08-22T10:00:00.004-04:00

New Listings: Click Here

Sold Properties: Click Here

If you're taking a look at new listings and solds, would you let me know if you find me posting them helpful?

For those of you not in Naples, here's a little update. Tropical Storm Fay is in her 5th day in Florida. She first stopped in Naples, then made her way to Immokalee, hung out at Disney World for days, headed out to the Atlantic a couple of times, changed her mind and came back to see the home of the Florida Gators at U of F in Gainsville. Where will she go next?

She is just the fourth storm to make landfall in Florida three separate times, and the first in nearly 50 years. Before it crosses the Panhandle by the weekend, she could bring buckets of rain and power outages.

In Naples, we are still getting outter bands of rain passing through. The good news is that our lakes are filled and look fabulous, the grass is green and we no longer have a water shortage.

All in all, in Naples, it was little more than a day of wind and rain but a good excuse to stay home to watch the Olympics.

Naples Florida New Listings and Sold Properties 8/20/08

2008-08-21T11:26:00.004-04:00

For the greater Naples geo areas NA01-NA18
New listings: Click Here
Sold properties: Click Here

Since the Olympics are being held in Bejing, China, I thought it would be interesting to watch the development of a baby panda. It's amazing how tiny they are when they are born.

Naples Florida New Listings and Sold Properties 8/19/08

2008-08-20T08:40:00.002-04:00

For the greater Naples geo areas NA01-NA18
New listings: Click Here
Sold properties: Click Here
Despite Tropical Storm Fay, there were some new listings and closed sales. I stayed at home and updated my data base.

Naples Florida New Listings and Sold Properties 8/18/08

2008-08-19T15:12:00.002-04:00

For the greater Naples geo area NA01-NA18
New listings: Click Here
Sold properties: Click Here

For additional information, please email or call me.

Naples Florida New Listings and Sold Properties 8/15 -8/17/08

2008-08-18T08:10:00.003-04:00

For the greater Naples geo area NA01-NA18
New Listings: Click Here
Sold Properties: Click Here

What a great weekend watching the USA win medals in the Olympics. I'm thrilled that Michael Phelps took 8 for 8. What an inspiration.

Naples Florida New Listings and Sold Properties 8/14/08

2008-08-15T14:50:00.002-04:00

For the greater Naples geo area NA01-NA18
New Listings: Click Here
Sold Properties: Click Here

For additional information, email or call me.

Naples Florida New Listings and Sold Properties 8/13/08

2008-08-14T07:44:00.001-04:00

For Naples Forida geo areas NA01-NA-18
New Listings: Click Here
Sold Properties: Click Here
For more information email or call me.

Naples Florida New Listings and Sold Properties 8/12/08

2008-08-13T08:16:00.002-04:00

For Naples Florida geo areas NA01-NA18
New Listings: Click Here
Sold Properties: Click Here

Congratulations again to Michael Phelps 5 of 5 and 11 total golds. Go USA!

Naples Florida New Listings and Sold Properties 8/11/08

2008-08-12T08:43:00.003-04:00

For the greater Naples geo areas NA01-NA18.
New Listings: Click Here
Sold Properties: Click Here
Congratulations again to Michael Phelps on winning his 3rd gold medal for the United States. He now holds 9 total gold medals and is tied as holding the most Olympic gold medals ever. Also to Natalie Coughlin for taking the gold from Coventry last night. Wow. GO U.S.A.

Naples Florida New Listings and Sold Properties 8/9 & 8/10/08

2008-08-11T07:46:00.002-04:00

For the greater Naples geo areas NA01-NA18
New Listings: Click Here
No closed sales over the weekend.

Congratulations to the United States relay swim team for taking the gold from France last night. The finish was incredible. What a difference eight one hundredths of a second make! Go U.S. and good luck to Michael Phelps. Two golds down, six to go.

Naples Florida New Listings and Sold Properties 8/8/08

2008-08-09T07:38:00.001-04:00

For the greater Naples geo areas NA01-NA18
New listings: Click Here
Sold Properties: Click Here
For additional information, email or call me!

Naples Florida Real Estate Market Rebounding

2008-08-08T16:09:00.005-04:00

As indicated in my market report post dated 8/3/08 for July 2008 stats, the number of pended and closed sales are showing healthy improvement along with declining new listings.

A front page article in the Naples Daily News has drawn the same conclusion. In fact they cite a 15% decrease in inventory and an increase in pended sales of 16%. This was for the first six months of the year. July's numbers were even better. Also no surprise was that almost half the number of sales were in the price range below $300,000.

The ongoing price correction was bound to appeal, especially to the most savvy buyers. The chart below shows the average sold price over the last 12 months and include the month on July 2008 versus the first 6 months of 2008 as reported by The Naples Daily News. The average sale price is $612,629.

As indicated by the blue trend line, prices are still correcting and only time will tell when the bottom will hit. That will vary from one geo area to the next within the "All Naples Areas"based on what? Location. Certainly, there are still bargains to be had for condo conversions, now completed 2004 and 2005 pre-construction, short sales and foreclosure opportunities. Since I cannot include a chart for each and every geo area, if you'd like to see something specific, it can be provided upon request.
To sellers I say, make the best deal you can right now and to buyers, if you see something you think is well priced, is in the right location for you and in the best condition of the properties you've looked at, buy it because if you don't, someone else will.

Naples Florida New Listings and Sold Properties 8/7/08

2008-08-08T14:58:00.003-04:00

For the Naples greater geo areas NA01-NA18
New Listings: Click Here
Sold Properties: Click Here
As always, feel free to email or call for more information.

Naples Florida New Listings and Sold Properties 8/6/08

2008-08-07T07:51:00.002-04:00

For the Naples Florida greater area geo NA01-NA18
New Listings: Click Here
Sold Properties: Click Here

Naples Florida New Listings and Sold Properties 8/5/08

2008-08-06T08:36:00.002-04:00

For the greater Naples geo areas NA01-NA18

New Listings - Click Here
Sold Listings - Click Here

For additional information, contact me.

Naples Florida New Listings and Sold Properties

2008-08-05T11:05:00.002-04:00

For greater Naples geo areas NA01- NA18

New Listings 8/4/08 Click Here
Sold Properties 8/4/08 Click Here
For additional information or an appointment to view, email or call me.

Naples Florida New Listings and Sold Properties

2008-08-04T08:04:00.003-04:00

Information includes NA01 to NA19 covering the greater Naples area.
New Listings 8/1/08 - 8/3/08 Click Here
Sold Properties 7/16/08-8/3/08 Click Here

For more specific information, please contact me.

Naples Florida July 2008 Market Report

2008-08-03T09:20:00.010-04:00

Florida Fun Fact: Did you know that one third of the world's loggerhead turtle live in Florida? Loggerhead Sea Turtle

Market Report: As prefaced in previous postings, providing a market report encompassing all Naples properties can be a little misleading. Naples consists of a vast variety of style, location and price range. Comparing single family homes to condos, gated communities to waterfront, bundled golf to private membership, etc. Thus, we can never compare apples to apples. Those of you who already own property here are familiar with this disparity.

In any event, the momentum of increased sales is continuing through July as evidenced below.

July 2008 new listings: 1498 +4%
July 2007 new listings: 1438

July 2008 pended sales: 563 +73.2%
July 2007 pended sales: 325

July 2008 closed sales: 407 +36.1
July 2007 closed sales: 299

Average Sale Price July 2008: $560,808 -23.4%
Average Sale Price July 2007: $731,983

Although new listings were slightly higher, pended sales showed a stellar increase of 73.2% and closed transactions were also up an impressive 36.1%. What is driving the market? Price correction has everything to do with buyers starting to jump off the fence. Even the most driven bargain hunters know a great deal when they see one. Timing is another critical factor and most experts agree that there is no way to time a market. I have personally shown properties that I believed were in the best condition, the best location and at the best price. Without exception, those properties were either purchased by a buyer I was working with or someone else. As these are absorbed, number of new listings decrease, and pended and sold properties increase, prices will stabilize.

In NA 05 (Coquina Sands, The Moorings and Park Shore)

New listings were down 8.4% from 62 in '07 to 52 in '08, pended sales were up from 17 in '07 to 29 in '08 and closed transactions up from 20 in '07 to 25 in '08. Prime property in a prime location offering Gulf, Bay, boating and beach opportunities.

Summer months in the Naples real estate market are traditionally much slower than seasonal sales. If this trend is an indication of things to come, I am truly looking forward to a terrific 2009 season.

I am able to provide more detailed information upon request.

Just when you think no one is looking - someone is!

2008-08-02T18:41:00.001-04:00

No, nothing that exciting. I just received an email from a long time friend and Bayfront owner who noticed that I haven't posted since July 11th. Quite frankly, I didn't think anyone would notice. I have to say, Douglas you made my day!! It now occurs to me that friends, clients, other Realtors, and people I don't even know, may actually be reading my blog and looking for a new post.

Is this information intimidating or empowering? I have to think a little bit of both. We owe it to ourselves, and our readers, to give this fabulous opportunity for exposure our best effort. Sharing our experience, knowledge, professionalism and opinion feels a little like baring our souls - at least it does to me. I now have to rethink my responsibility when writing my blog and give it 100% each and every time I hit "post blog entry".

Park Shore, Moorings, Coquina Sands Market Report

2008-07-20T08:43:00.011-04:00

NA 05 - Crayton Road is the geographical area that includes the highly desirable, west of 41 real estate known as Coquina Sands, The Moorings and Park Shore. It is located north of Old Naples and South of Pelican Bay. Purchase prices can range from the high $100's for a small, older condo in need of renovations to over $6,000,000 for a sumptuous castle in the clouds.

The highest June 2008 sale price honors go to a 7,481 SF property located in Regent. Sale Price: $6,450,000.

The following are the June 2008 statistics versus the June 2007 real estate market.

New Listings:
6/2008 - 71 (-10.12%)
6/2007 - 90

Pended Sales:
6/2008 - 25 (+56.25%)
6/2007 - 16

Closed Sales:
6/2008 - 42 (+13.5%)
6/2007 - 37

Average Sale Price:
6/2008 - $1,313,535 (-6.4%)
6/2007 - $1,403,675

Average Days on Market:
6/2008 - 185 (-18.5%)
6/2007 - 227

Looking at the above data, it appears that the market is improving. New inventory numbers are down, pended sales and closings up. The average price is down slightly and even this can be seen as an improvement because the percentage decrease is low.

Because this area of Naples is one of the "it" locations, buyers who wish to live on or near the beach, have a boat dock and be close to downtown, will continue to buy here. If you are looking for a solid, long term invenstment to use and enjoy, now is a great time to buy in Park Shore, Moorings and Coquina Sands.

To view Naples Florida listed properties, click here. Feel free to email or call me for more specific information.

Naples Florida New Listings and Sold Properties 7/14-7/15/08

2008-07-16T08:03:00.002-04:00

To view new listings: Click Here
To view sold properties: Click Here
Visit my website at: www.askbabs.com and www.barbarajmorley.com for what's going on and more real estate information on Naples Florida.

Naples Florida Closed Properties 7/11/08

2008-07-12T08:53:00.000-04:00

Naples Florida Geo area NA01-NA18
To view closed property: Click Here

Naples Florida Listed Properties 7/11/08

2008-07-12T08:50:00.001-04:00

Naples Florida Geo area NA01-NA18
To View New Listings: Click Here

Naples Florida Listed Properties 7/10/08

2008-07-11T08:35:00.001-04:00

Naples Florida NA01-NA18

Review Listing: Click Here

Naples Florida Closed Properties 7/10/08

2008-07-11T08:30:00.002-04:00

Naples Florida area NA01-NA18

Closed Properties: Click Here

Naples Florida Listed Properties 7/4/08 - 7/09/08

2008-07-10T08:43:00.003-04:00

Naples Florida New Listings NA01 - NA -18

Review Listing: Click Here

For additional information, contact me.

Naples Florida Closed Properties 7/4/08-7/9/2008

2008-07-10T08:32:00.003-04:00

Naples Florida closed properties from 7/4/08 - 7/09/08

For NA01 - NA18

To View Closed Properties: Click Here

Contact me for additional information.

Naples Florida Closed Properties 7/2/08-7/3/2008

2008-07-04T09:26:00.000-04:00

Happy 4th of July!

Closed properties in Naples Florida from NA01-NA18

View Closed Properties: Click Here

Bayfront - Downtown Naples Florida

2008-07-02T09:44:00.004-04:00

BAYFRONT - DOWNTOWN NAPLES FLORIDA

I've been selling property at Bayfront since 2000 when the buildings were first completed. Since then, I have participated in over 30 transactions either listing or introducing buyers to this vibrant, waterfront, "live and play" concept located in the heart of downtown Naples.

The ground level consists of art galleries, restaurants, specialty boutiques and a quaint cabana bar that overlooks the harbor. It is picture perfect and reminiscent of Mediterranean seaside villas.

There are a variety of floorplans with locations on the second to fifth floors. Currently, I have two listings available a one bedroom and a two bedroom offering 9' ceilings, terraces and a secure parking garage.

Bayfront is conveniently located with walking distance to 5th Avenue, 3rd Street and the beach. For more information, please email or call me.

Naples Florida Closed Properties 7/1/08

2008-07-02T08:02:00.002-04:00

Naples Florida Closed Properties 7/1/08
NA01-NA19

Review Closed Properties: Click Here

For additional information, call or email me.

Naples Florida Sold Properties 6/26/08-6/30/08 page 2

2008-07-01T11:07:00.002-04:00

Page 2 of sold properties in Naples Florida

Sold Properties: Click Here

Naples Florida Sold Properties 6/26/08-6/30/08

2008-07-01T10:58:00.002-04:00

Sold Properties: Click Here

Once opened you can view details by clicking on the MLS number. For information on Naples Florida Real Estate, email or call me.

Naples Florida Sold Properties 6/25/08

2008-06-26T08:51:00.001-04:00

To Review Listings: Click Here

If you would like information on Naples Florida Real Estate, please email or call me.

View Naples Florida Sold Properties 6/24/08

2008-06-25T12:29:00.003-04:00

To see the complete list click here.

For more information on Naples Florida Real Estate please email me or visit my website.

Mediterra Listing

2008-06-25T09:39:00.003-04:00

15539 Monterosso Lane #202

3 Bedroom plus Den

3 Bath

2665 SF

2 Car Garage

Community Pool and Spa

Lake View

Peaceful, serene location in Mediterra's "flagship" coach home community - Monteroso.
Tastefully decorated, upgraded throughout.

For more listings in Mediterra, please contact me.

To View Listing and Photos

Naples Florida

2007-12-11T08:28:00.000-05:00

MEDITERRA

15528 MONTEROSSO LANE #101

Offered at $775,000

For a Visual Tour go to
http://www.barbarajmorley.com/

Living in Mediterra is an exceptional experience for exceptional people with all the amenities an active lifestyle demands. Mediterra is truly one of a kind and this maintenace free residence is perfect for freedom loving retirees or the multi-location traveling homeowner. Location, location, location! You can change the decor but you can't change a GREAT location. Expansive lot only steps to the Monterosso pool and spa offers extra privacy between units and substantial additional space to turnaround your vehicle. This unit looks onto the undulating putting green of the par-five hole #7 on the South Fazio course. Exceptional Upgrades Include custom wood plantation shutters in all bedrooms, crown molding throughout, great chandeliers, natural granite counter tops, raised panel wood cabinetry, designer seagrass wall coverings and oversized Italian ceramic set on the diagonal. One year home warranty included with purchase.

Private Membership to 36 Hole Tom Fazio Designed Golf Course, Sport and Beach Club available with membership capped at 550.

Shop, Compare, Buy

2007-11-28T14:14:00.000-05:00

I was just checking our Naples Area Board of Realtors Multiple Listings for a downtown, waterfront destination called Bayfront. It's a mixed use, "work, live, play" community that consists of 156 condominiums. One of the owners had emailed me about the current market because she was thinking of listing her condominium. In establishing pricing in a buyer's market, one thing that seller's need to seriously consider is their competition, and, believe me, there is plenty of competition. Until the amount of inventory shrinks, the basic law of economics will prevail. Supply and Demand. My college economics professor, taught us that when there is an oversupply of a particular product, pricing must come down until the demand is equal to the supply. Once supply depletes to below the demand level, prices can then go up. This has been a hard pill for sellers to swallow.

Whether a buyer or seller, look at the price per square foot for comparable sales. When deciding to buy or sell, base your target price at, or slightly below, the last comparable sale. If a seller is willing to price their product at "market", a savvy buyer will recognize this and make an offer knowing they will not overpay.

If you are not willing to work within this economic model, it is probably best to take your property off the market until it stablizes.

Bayfront Cabana Bar Update

2007-11-08T08:14:00.000-05:00

Naples FLorida Real Estate

For Bayfront residents, boaters, tourists and anyone else who enjoys a cocktail by the water, Shane's Cabana Bar will now be expanded to two stories. The new building will be an improvement for Bayfront according to Kevin Stoneburner. Drawing more people into Bayfront will help businesses located on the ground level.
Bayfront was the first of its kind in Naples. It is mixed use with commercial on the ground floor with 4 levels of residential space above. It is an upscale urban setting that appeals to people who like living in downtown Naples within an easy walk to 5th Ave. There are also boat slips onsite that can be leased or purchased.
For the complete story with photos of the approved new waterfront bar, see the Cabana Bar Update Article in the Naples Daily News.
I've been selling property at Bayfront since it's inception in 2000. If you are looking for "the" professional realtor at Bayfront, call me. I can answer all of your questions and provide up to the minute information. Bayfront is still a bargain and smart buyers should be looking to purchase before the market turns around.

I-75 Widening Project

2007-11-06T15:54:00.000-05:00

Finally, the road expansion project for I-75 from Golden Gate Parkway to Colonial is underway. Many full time residents as well as seasonal will appreciate having an extra lane to help ease the trip from Naples to Fort Myers and vice versa. Many of us like to visit Coconut Point to shop and dine and visit Miromar Outlet stores so this will make our trip a lot faster in future. With the new Golden Gate Parkway overpass and exit from I-75, coming to downtown Naples is also a breeze for Bonita and Estero residents. Enjoy!

Naples Florida Prime Real Estate

2007-10-28T16:31:00.001-04:00

Casa Mar $3,600,000 furnished

Living in a luxury beachfront villa just west of Gulf Shore Blvd. North and within walking distance to Venetian Village is now within reach. This rarely available 4 bedroom, 4.5 bath residence has every amenity. The ground level offers a private heated pool and spa located just outside the wonderful screen leisure room complete with full bath and kitchen. The main living areas blend tropical with classic decor for a comfortable yet impressive interior. To see the complete photo layout and magazine article visit http://www.estatelifestyles.com/ where Casa Mar is the cover story. You can also visit my website and click on featured properties. If you have an interest in this fabulous opportunity or have a property that you would like marketed professionally, please email or call me. I can assist with any purchase or sale in Southwest Florida.

Ouch! Have we hit bottom?

2007-10-21T08:11:00.000-04:00

The Naples Daily News ran an article reporting on the "state of the area" at Southwest Florida Regional Economic Outlook Conference in Fort Myers on Thursday afternoon. According to economist Henry Fishkind, Southwest Florida's real estate housing market is at the bottom of its slump as indicated by a leveling of real estate transactions. Although the absorption of the 12 month inventory in Collier may take time, if Fishkind is correct, maybe the time to jump off the fence is now. In Naples, there are some bargains to be had in quality locations such as waterfront, west of 41, downtown and select gated private golf course communities. Since most sellers in highly desirable locations have the ability to hang on forever, although prices have adjusted, there are fewer opportunities and these will be the first to go. Think of your real estate purchase as you would an equity - buy the best quality within your price range. And, buy at the bottom.