Real Estate Vu

Naples Real Estate November 2014 Market Report

Ron Abboud 45 General Real Estate, Markets/Economy, New Trends, Real Estate News 3:32 PM

<h2 style="text-align: center;">
<a href="http://www.realestate-vu.com/2014/12/naples-real-estate-november-2014-market.html" target="_blank">Naples Real Estate November 2014 Market Report</a></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSXvkQpMaqel8mTRq5N-IW3sASYNTVAsCF9UaYApivilFipzJ6NTcYGdUyENVCK1uXGy2LtZ2-d7kEsTmMOe_XUMTSXzq08i84l1qZ5TFLgfZhfQj0YqM3OaZoojwyGoiwemtHc4a0diY/s1600/5060+kensington.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgSXvkQpMaqel8mTRq5N-IW3sASYNTVAsCF9UaYApivilFipzJ6NTcYGdUyENVCK1uXGy2LtZ2-d7kEsTmMOe_XUMTSXzq08i84l1qZ5TFLgfZhfQj0YqM3OaZoojwyGoiwemtHc4a0diY/s1600/5060+kensington.png" width="320" /></a>A consensus was reached among Naples’ top brokers after they analyzed the November 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island): Sellers in the luxury market can expect a very good buyer turnout in the coming months. This decision was based on several factors including overall pending sales activity, which rose 11 percent for homes priced over $1 million; overall closed sales activity, which increased 17 percent increase for homes priced over $1 million; and the realization that the majority of homes sold in the $2 million and above category were cash sales.<br />
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“Pending and closed sales activity in all price categories above $300,000 was up over the past 12-month period ending in November,” said a local Broker.<br />
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“Activity in the high end market is remarkable coming into season,” said another local Broker. “The report indicated that a greater number of homes in the $2 million and above price category were sold 21 as compared to what sold in the same month last year <br />
14. This is a good sign for sellers in our market because people who have the resources to pay cash for million dollar homes are smart and careful investors. They are not going to make a poor investment decision, which speaks volumes for the value of our market.”<br />
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The November 2014 report showed heightened activity in several areas of the luxury market including a 40 percent increase in overall closed sales for single family homes priced $2 million and above from 202 in the 12-months ending November 2013 to 282 in the 12-months ending November 2014; an 11 percent increase in closed sales for condominiums priced $1 million - $2 million from 234 in the 12-months ending November 2013 to 260 in the 12-months ending November 2014; and a 35 percent increase in single family median home prices in the Naples Beach area from $739,000 in the 12-months ending November 2013 to $1,000,000 in the 12-months ending November 2014.<br />
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“Median price in the Naples Beach area single family home market can not continue to increase at the current rate indefinitely,” said Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., who added that, despite aggressive activity in new construction, the report indicates that inventory in the resale market continues to decline.<br />
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The NABOR® November 2014 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® November 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:<br />
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Overall pending sales decreased 2 percent from 840 in November 2013 to 825 in November 2014.<br />
Pending sales for single family homes in the $300,000-$500,000 price category increased 32 percent from 99 in November 2013 to 131 in November 2014.<br />
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Pending sales for single family homes in the $2 million and above category increased 24% from 25 in November 2013 to 31 in November 2014.<br />
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Overall closed sales decreased 2 percent from 9,878 in the 12-months ending November 2013 to 9,635 in the 12-months ending November 2014.<br />
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Median closed price increased 12 percent from $236,000 in the 12-months ending November 2013 to $265,000 in the 12-months ending November 2014.<br />
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Median closed price for single family homes in the $2 million and above price category increased 50 percent month over month from $2,600,000 in November 2013 to $3,900,000 in November 2014.<br />
Overall inventory decreased 10 percent from 4,584 homes in November 2013 compared to 4,136 homes in November 2014.<br />
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Average days on market for November is at 79.<br />
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According to Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, the market’s median closed price has gone up 62 percent in the last four years from when it was $169,000 in November 2010. And inventory is down 63 percent from one of its highest points of 11,116 in November 2008.<br />
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“Traditionally, the soft part of the year for real estate is September, October and parts of November,” said a local Broker. “But this year, the soft wasn’t soft; it was strong.”<br />
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Despite a double-digit drop in overall inventory, the Naples area real estate market continued to see positive growth in various price points, home styles and neighborhoods for both pending and closed sales activity in November. With tougher lending regulations on the horizon in 2015 and luxury homes at a premium, homeowners that decide to sell in Naples now may begin to encounter more cash offers. Navigating the complexity of these real estate transactions can be made easier with guidance from a Naples REALTOR®.<br />
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Naples Real Estate November 2014 Market Report

Naples Real Estate November 2014 Market Report A consensus was reached among Naples’ top brokers after they analyzed the November 2014 Ma...

Real Estate Brokers Business Philosophy

Ron Abboud 0 Real Estate Brokers Business Philosophy 8:05 PM

<h2 style="text-align: center;">
<a href="http://www.realestate-vu.com/2014/11/real-estate-brokers-business-philosophy.html">Real Estate Brokers Business Philosophy</a></h2>
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The real estate brokers business philosophy is very important, but most often neglected, ignored and misunderstood.<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEFOY5bu8AABY2rMf4HGOXwYnOZF27E96JtylPEsFwreH595hWhQsHZ9JzAXgu28ewCfIRzYRM0r2U_1y_CoV7Ag4zXt-ui_PhonCQXTlpLn5qZ7WAEgJmHnet6Xbqnhmre7ytwRFyVng/s1600/Real+Estate+Brokers+Business+Philosophy.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="171" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEFOY5bu8AABY2rMf4HGOXwYnOZF27E96JtylPEsFwreH595hWhQsHZ9JzAXgu28ewCfIRzYRM0r2U_1y_CoV7Ag4zXt-ui_PhonCQXTlpLn5qZ7WAEgJmHnet6Xbqnhmre7ytwRFyVng/s1600/Real+Estate+Brokers+Business+Philosophy.png" width="200" /></a></div>
Business philosophies are given little to no attention there is no absolute right or wrong business philosophies but you must integrate flexibility and there must be awareness of different and changing markets as well as different changing personas and goals. If you maintain constant vigilance in your effort to ensure flexibility in your business philosophy you will essentially guarantee your own success as a real estate professional.<br />
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Many people entering the real estate business or even those who are currently in business have given little time or effort to developing a personal business philosophy.<br />
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Business philosophies are a function of experience and perceived methods of facilitating sales and earnings and often times are based on hearsay observation and the interpretation of life experience.<br />
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<b>If you need to find out about a <a href="https://plus.google.com/+RealEstateMLsNaples/about" target="_blank">Naples real estate agent</a> you can contact the Naples Area Board Of Realtors for more information.</b></h4>
In the beginning we have limited perceptions of the real estate business. It is said that developing a sound philosophy is the most critical factor for success as in any business.<br />
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Successful people are those who do the things other people choose not to do, structuring your business philosophy is such an activity. Success in the real estate business is predicated on these basic premises.<br />
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It should be noted that there are more technical areas that are possibly more complex and difficult to master. Take for instance an internal rate of return calculation for a shopping center and the after tax effect of a sale as opposed to a 1031 exchange, these examples are often complex and rather difficult calculations to master. These of course are much easier tasks to achieve than developing a business philosophy that is profitable, satisfying and successful.<br />
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In the end a well-developed business philosophy that is constantly updated reviewed and modified will be the foundation for continuous success that is sustainable.<br />
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Take the time to consider your business philosophy and develop thoughts based on your unique goals and expectations.<br />
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Of course what works in one area may not work in another, have you ever wondered why 20% of the people in the real estate business make the bulk of the commissions?<br />
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Do you ever wonder why there are so many failures, it would seems to boil down to one basic underlying problem, the sales person has not taken the time to develop his personal business strategic philosophy.<br />
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Developing ones own business philosophy must be your focus at all times and the way you conduct yourself from day-to-day activities, always being mindful and working ethically, controlled and smart.<br />
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<a href="http://www.realestate-vu.com/2014/09/naples-real-estate-inventory-is.html" target="_blank"><span style="font-family: Times, Times New Roman, serif;">Naples Real Estate Inventory Is Declining</span></a></div>
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Real Estate Brokers Business Philosophy The real estate brokers business philosophy is very important, but most often neglected, ignored ...

Low Inventory Impacts Market Naples Florida

Unknown 0 Low Inventory Impacts Market Naples Florida 6:50 AM

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<a href="http://www.realestate-vu.com/2014/10/low-inventory-impacts-market-naples.html">Low Inventory Impacts Market Naples Florida</a></h2>
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<b style="font-family: TimesNewRomanPS-BoldMT; font-size: large;">FOR IMMEDIATE RELEASE</b></div>
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<i><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;">Contacts: </span></span><span style="font-family: TimesNewRomanPS-ItalicMT;">Pat Pitocchi, NABOR</span></i><span style="font-family: TimesNewRomanPSMT;">® </span><i><span style="font-family: TimesNewRomanPS-ItalicMT;">President & Media Relations Committee Chairman, (239) 398-8650, </span></i><i><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;">Marcia Albert, NABOR Director of Marketing, (239) 597-1666</span></span></i></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGiicHth1hN4O7Puq2aPg6SKmr6jOH-ZgOVhLN0vGEib8ksq0Txpud9L2ZSiG04DPLuGFmFhSBYsiUcYdIq0ZkeEiE9sKOTIWdrcGI7O9d2A2bDiFS_G7t-d-8ppStAJKVYjsT1lKTkfo/s1600/Naples+Area+Board+Of+REALTORS.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="255" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGiicHth1hN4O7Puq2aPg6SKmr6jOH-ZgOVhLN0vGEib8ksq0Txpud9L2ZSiG04DPLuGFmFhSBYsiUcYdIq0ZkeEiE9sKOTIWdrcGI7O9d2A2bDiFS_G7t-d-8ppStAJKVYjsT1lKTkfo/s1600/Naples+Area+Board+Of+REALTORS.jpg" width="320" /></a></div>
<span style="font-family: TimesNewRomanPS-BoldMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-BoldMT; font-size: xx-small;"><b>Naples, Fla. </b></span></span><span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">(September 19, 2014) – “We can’t sell what’s not there,” was a phrase repeated among several </span></span><span style="font-family: TimesNewRomanPSMT;">brokers as they analyzed a recent report tracking August home sales activity released by the Naples Area Board </span><span style="font-family: TimesNewRomanPSMT;">of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco </span><span style="font-family: TimesNewRomanPSMT;">Island). Overall inventory dropped 20 percent in the $300,000 and below price category in August 2014 </span><span style="font-family: TimesNewRomanPSMT;">compared to August 2013. The median price in this price category rose 13 percent as a result. The pending and </span><span style="font-family: TimesNewRomanPSMT;">closed sales dropped double digits in the same price segment August 2014 compared to August 2013, factors </span><span style="font-family: TimesNewRomanPSMT;">that illustrate the economic law of supply and demand.</span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">Low inventory was also a strong factor in the decrease of pending and closed sales activity in the Naples Beach area condominium market. This much-sought after location experienced a 28 percent decrease in available inventory from 571 condominiums to 409 condominiums in August 2014 compared to August 2013. The low inventory contributed to the 31 percent decrease in pending sales and 23 percent decrease in closed sales of condominiums in this area. And, the median closed price in this area increased 7 percent from $495,000 in the 12-months ending August 2013 to $530,000 in the 12-month ending August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">“I thought we had seen the top of this economic cycle a year ago,” said Cindy Carroll, SRA, with the real estate appraisal and consultancy firm Carroll & Carroll, Inc., referring to unpredictable activity in certain areas within Collier County. “Our local market is extremely diverse. For example, in Pelican Bay there is a three month inventory of single family homes for sale, but if you are looking to buy a Crayton Road area condo in the $2 to $3 million price range, you'd better be ready with a checkbook because there are only two listings.”</span></span></div>
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<b>If you need to find out about a <a href="https://plus.google.com/+RealEstateMLsNaples/about" target="_blank">Naples real estate agent</a> you can contact the Naples Area Board Of Realtors for more information.</b></h4>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, pointed out that the report also showed financed sales had increased 30 percent since NABOR® starting tracking overall cash versus conventional (financed) sales in January 2013. “We are starting to see an increase in the number of homes being financed by qualified buyers.”</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">The NABOR® </span></span><b><span style="font-family: TimesNewRomanPS-BoldMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-BoldMT; font-size: xx-small;">August 2014 Report </span></span></b><span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">provides comparisons of single-family home and condominium sales (via </span></span><span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market </span></span><span style="font-family: TimesNewRomanPSMT;">summary. The NABOR® August 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:</span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• Overall pending sales decreased 11 percent from 890 homes in August 2013 to 795 homes in August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• Overall closed sales decreased 2 percent from 9,798 homes in the 12-months ending August 2013 to 9,613 homes in the 12-months ending August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• The overall median closed price increased 14 percent from $228,000 in 12-months ending August 2013 to $260,000 in the 12-months ending August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• Overall inventory decreased 8 percent from 3,875 in August 2013 to 3,579 in August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• Average days on market were 83 for August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• Inventory for single family homes increased 1 percent from 1,894 homes in August 2013 to 1,904 homes in August 2014. The largest increase was in the $300,000 - $500,000 price category, which saw a 12 percent increase.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">• Closed sales for condominiums decreased 1 percent from 5,137 condominiums in August 2013 to 5,066 condominiums in August 2014.</span></span></div>
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<span style="font-family: TimesNewRomanPSMT; font-size: small;"><span style="font-family: TimesNewRomanPSMT; font-size: small;">Several brokers agreed with Phil Wood, President & CEO of John R. Wood Realtors, who said, “We’ll have to see if the low inventory will continue to be a trend in the coming months.”</span></span></div>
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The August report reflects inconsistent activity across all geographic areas making it difficult to predict whether the low inventory will continue to affect pending and closed sales moving forward. Additionally, another factor not tracked in the report but one that impacts pending homes sales is new construction, which continues to swell in the area. However, the rising inventory of newly constructed homes will not help those buyers looking forhomes in the under $300,000 price category because there are few available.</div>
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“This is a very diverse market with a diminishing inventory in the reasonably priced housing sector,” said NABOR® President and Corporate Trainer at Downing-Frye Realty Pat Pitocchi. “The increase in median closed price continues to be driven by the under $300,000 market, which comprises nearly 65 percent of existing home inventory. In August, the under $300,000 price segment’s overall median closed price increased 13 percent, while all other price categories moved slightly up or down. It’s the only area of the market whose median closed price behavior is predictable.”</div>
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With the complexity of real estate transactions today, compounded by varying price pockets within the diverse Naples geographic areas and the speed at which you need to be ready to make a move, using a Naples REALTOR® to buy or sell a home is the best way to know you have a guide that understands what’s best for you. A Naples REALTOR® has the expertise and professionalism to help you make the smartest move at the right time.</div>
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<span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;">The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949</span></span><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;">) </span></span><i></i><br />
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whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS®  </div>
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<i><i><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;">and real estate professionals with a legacy of nearly 60 years serving 4,700 plus members. NABOR® is a member of the </span></span></i></i></div>
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<span style="font-family: TimesNewRomanPS-ItalicMT;"><span style="font-family: TimesNewRomanPS-ItalicMT;">The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a <i><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;"><span style="font-family: TimesNewRomanPS-ItalicMT; font-size: xx-small;">member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.</span></span></i></span></span></div>
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<span style="font-family: TimesNewRomanPS-ItalicMT;"><span style="font-family: TimesNewRomanPS-ItalicMT;">Source Article: <a href="http://www.naplesarea.com/real-estate-news.asp" rel="nofollow" style="background-color: white; color: #1155cc; font-family: Arial, sans-serif; font-size: 15px;" target="_blank">http://www.naplesarea.com/<wbr></wbr>real-estate-news.asp</a></span></span><br />
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Low Inventory Impacts Market Naples Florida

Low Inventory Impacts Market Naples Florida FOR IMMEDIATE RELEASE Contacts: Pat Pitocchi, NABOR ® President & Media Relations Com...

Naples Real Estate Inventory Is Declining

Ron Abboud 0 Naples Real Estate Inventory Is Declining 8:37 PM

<h2 style="text-align: center;">
<a href="http://www.realestate-vu.com/2014/09/naples-real-estate-inventory-is.html">Naples Real Estate Inventory Is Declining</a></h2>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0ZrTgyOlJ0Jxs6Hcqtwg3nzmE0AZKo1Kd07qVTYoV0sKZIC0ZEhz84qMFgnELn2hcmDs28z3-BZGNROLAtolFjclSOu-YOktHnjWsdGCxZuHqYbnEHpZ22hYCztXRqAoX9eO_4AvszTc/s1600/ronabboudrealtor+80x120.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0ZrTgyOlJ0Jxs6Hcqtwg3nzmE0AZKo1Kd07qVTYoV0sKZIC0ZEhz84qMFgnELn2hcmDs28z3-BZGNROLAtolFjclSOu-YOktHnjWsdGCxZuHqYbnEHpZ22hYCztXRqAoX9eO_4AvszTc/s1600/ronabboudrealtor+80x120.jpg" /></a></div>
The Naples market inventory of resale homes continues to decline .  Currently there are only 3,579 residential properties for sale (which includes condominiums and single family homes) .  Compare this to the inventory high of 12,440 properties on the market in March of 2007!<br />
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The lack of inventory is causing prices to climb.   The median closed price of homes sold over the past 12 months in Naples is currently $260,000.  Compare that to July 2011, the median closed price was $175,000.  This represents a 49% increase from July 2011 to August 2014!<br />
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If you are considering selling your property, now would be an excellent time to allow me to market it for you because there is very little competition.  If you are considering buying in the Naples area, we should get started while prices are still relatively low and there are some great choices in the New Homes Communities currently building.<br />
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Either way, I would be honored to assist you with your real estate needs.  Please call me 239-659-2000 if I can help.<br />
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Sincerely,<br />
Ron Abboud<br />
REALTOR®<br />
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Naples Real Estate Inventory Is Declining

Naples Real Estate Inventory Is Declining The Naples market inventory of resale homes continues to decline . Currently there are only ...

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