Posts Tagged ‘Bonita Springs real estate’

Naples FL Real Estate: NABOR Report 2014 off to a Strong Start

Wednesday, April 23rd, 2014

 

NABOR reported on April 17th that million dollar home sales in Naples continue to skyrocket with the $2 million and above single family home market increasing 83 percent from 48 sales in the first quarter of 2013 to 88 sales in the first quarter of 2014. The report tracks home listings and sales within Collier County (excluding Marco Island). Overall closed sales increased 5 percent from 2,237 in the first quarter of 2013 to 2,352 in the first quarter of 2014. However, closed sales in all price categories above $300,000 increased by double digits with the $2 million and above price category experiencing the highest increase of 80 percent from 61 sales in the first quarter of 2013 to 110 sales in the first quarter of 2014.

Overall, homes in the $300,000 and below price category realized the biggest median closed price adjustment from $159,000 in the first quarter of 2013 to $173,000 in the first quarter of 2014, which reflected a 9 percent increase.

NABOR reported statistics based on activity in the Southwest Florida MLS [multiple listing system. However, the system does not compile all commercial real estate activity or new construction activity.

Activity has increased in commercial real estate for the first quarter as well. Activity was also impressive in the new home construction market during the first quarter.

In the first quarter of 2014, a total of 270 homes with a median closed price of $1 million and above exchanged hands in Collier County (excluding Marco Island), up 65 percent from 176 closed sales in that category during the first quarter of 2013, according to the report.

Inventory in all price ranges has continued to decline. In the first quarter of 2014 there were 4,405 available properties, a 14 percent decrease from the 5,136 available during the same quarter last year.

As reflected in the statistics, the tight supply and high demand of homes is not triggering dramatic price increases. The median closed price in the price segments above $300,000 increased 9 percent from $540,000 in the first quarter of 2013 to $590,000 in the first quarter 2014.

The NABOR® 2014 First Quarter 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® First Quarter 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

  • Overall closed sales increased 5 percent from 2,237 sales in the first quarter 2013 to 2,352 sales in the first quarter of 2014.
  • The overall median closed price increased 15 percent from $230,000 in the first quarter 2013 to $265,000 in the first quarter 2014. The overall median closed price of homes $300,000 and under increased 9 percent from $159,000 in the first quarter 2013 to $173,000 in the first quarter 2014.
  • The overall average days on market are at 95 for the first quarter of 2014.
  • Overall pending sales increased 45 percent for homes $2 million and above from 120 contracts in the first quarter of 2013 to 174 contracts in the first quarter of 2014.
  • Inventory for condominiums decreased 23 percent from 2,758 units in the first quarter of 2013 to 2,110 units in the first quarter of 2014, while inventory for single-family homes decreased only 3 percent from 2,378 units in the first quarter of 2013 to 2,295 units in the first quarter of 2014.

The NABOR® March 2014 Report reflects sales statistics presented in chart format, with these overall single-family and condominium statistics:

  • Overall closed sales increased 42 percent in the $2 million and above price category from 245 sales in the 12-months ending March 2013 to 348 sales in the 12-months ending March 2014.
  • Overall pending sales increased 4 percent from 10,633 contracts in the 12-months ending March 2013 to 11,083 contracts in the 12-months ending March 2014.
  • Overall median closed price increased 15 percent from $215,000 in the 12-months ending March 2013 to $248,000 in the 12-months ending March 2014, with the under $300,000 price segment experiencing the largest increase of 11 percent from $148,000 in the 12-months ending March 2013 to $165,000 in the 12-months ending March 2014.
  • Closed sales for condominiums increased 10 percent from 4,694 sales in the 12-months ending March 2013 to 5,140 sales in the 12-months ending March 2014.
  • The median closed price of single-family homes increased 25 percent from $248,000 in the 12-months ending March 2013 to $310,000 in the 12-months ending March 2014.

According to the report, distressed sales – foreclosures and short sales – now account for only one in ten transactions.

For more detailed reports for March 2014, click HERE!

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

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SWFL Real Estate: March 2014 Neighborhood Snapshot Report is Now Available!

Tuesday, April 22nd, 2014

Each month, John R. Wood Properties publishes their Neighborhood Snapshot Report which shows the number of closed sales over the last 12 months, as well as the available inventory in some of Naples’ and Bonita Springs’ most popular neighborhoods.  This report is divided by single-family homes and condominiums, and gives residents insight into how active their neighborhood is, as well as surrounding neighborhoods.

Click on the link below to see the full March 2014 Neighborhood Snapshot Report!

Neighborhood-Snapshot-March-2014

 

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

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Naples FL Real Estate: If You Want to Sell, Don’t Overprice it!

Monday, April 14th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

On a national level, the housing market recovery is moving at a stable pace. Home prices have increased nationally by double digits over the last twelve months.  While we still have some challenges  we know the Southwest Florida market is also recovering well too.  So, now may be the perfect time to sell your home and move to your new home in paradise!

However, it’s easy to get excited by a recovering market and, as a result, some sellers are making the mistake of overpricing their homes. There would be one piece of advice to give to anyone preparing to list their home in the Southwest Florida market: Don’t overprice your home!

Even though prices have increased, the acceleration of appreciation has slowed dramatically over the last few months.  As an example, in the April Home Price Index Report, CoreLogic revealed that home prices actually depreciated by .08% this month as compared to last month’s report, even though it was just reported by Trulia that asking prices are still continuing to increase.

Because investor purchases are declining and there are more listings coming onto the market, we believe that sellers should be very cautious when they price their house. The alternative might be that you could lose money by overpricing your home at the start as explained by numerous reports out there on the matter.

It IS a great time to sell your house in Southwest Florida, but pricing it right is critical! Get guidance from a John R. Wood agent to to ensure you price your home RIGHT and get the best offer possible.

Contact a John R. Wood agent HERE!

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Adapted from KCMBlog.com





Southwest FL Real Estate and More: Consumer Confidence High This Spring

Wednesday, April 9th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

According to the recent Fannie Mae’s March 2014 National Housing Survey, consumer attitudes are reflecting optimism in the housing market heading into real estate’s traditionally strong spring selling season.

In the survey, 1,000 people said it’s a good time to sell a home, up from 26 percent a year ago. The survey also shows that 69 percent of those surveyed say it’s a good time to buy, and 52 percent say it’s easier today to get financing for a home.

Americans also feel more confident about their personal finances: An all-time survey high of 40 percent say their personal financial situation has improved during the past year.

Doug Duncan, Fannie Mae’s chief economist says:

“The housing recovery continues to proceed in fits and starts. Rising mortgage rates and a lack of supply have dampened housing market momentum. However, we see several positive signs going into this year’s spring home-buying season, compared with last year. For example, consumers are less pessimistic about their personal finances and more optimistic about the current selling environment and their ability to get a mortgage. Still, those who are pessimistic about buying or selling a home today tend to point to economic conditions as the primary issue, and most consumers continue to say the economy is on the wrong track. Looking forward, we expect to see a pickup in economic growth later in the year, and this may boost the confidence of prospective buyers and sellers.”

However, consumers’ home-price expectations softened a bit in the latest survey. The average 12-month home-price-change expectation fell from last month, reaching 2.7 percent, the survey shows. Also, slightly fewer respondents — 48 percent — said they thought home prices would rise in the next 12 months.

Read the full article right HERE!

Are you ready to buy in Bonita Springs, Estero or Naples FL this spring? Start NOW by seeing what’s for sale! Click HERE to search for homes for sale in Southwest Florida!

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Southwest Florida Real Estate: Affluent Buyers Look for Location in SW FL

Tuesday, April 8th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

According to an April 6th article in the News-Press, affluent real estate buyers in Southwest Florida focused mainly on location in 2013.  The highest sales in 2013 were located in exclusive waterfront neighborhoods in Collier County and the Barrier Islands in Lee County.

At $16.46 million, a 6,360-square-foot Gulf-front house on Gulf Shore Boulevard took the No. 1 spot. But that paled in comparison with the $47.2 million commanded by a 4-acre beachfront compound on Gordon Drive.

In Lee County, the top sale was $8 million for a four-bedroom, six-bath, Gulf-front home on West Gulf Drive on Sanibel. That wasn’t enough though to beat the $8.3 million paid the year before for a 20-acre estate on the Caloosahatchee River in Alva.

Trae Zipperer of John R. Wood Island Real Estate commented in the article, stating that the overall the million-dollar-plus market’s been holding up. He states:

I have one pending at $1.25 million; I just sold one for $1.4 million. In Fort Myers, there’s a very small inventory right now of houses. There are about eight properties on the market from $2.7 million to $3.2 million.”

The article also pointed out that it was a good year for those who built million-dollar homes in Southwest Florida. Popular neighborhoods for new high-end construction are Grey Oaks and Quail West in Naples. Additionally, buyers are now are more willing to build with luxury features, such as wine and media rooms, once again.  Feeling more comfortable spending money again, they’re building bigger and more expensive homes.

Additionally, being in proximity to the beach, club and social venues took precedence over the golf course in 2013.  How will the market fare in 2014?

See the full article HERE.

Are you looking for luxury homes for sale in Naples, Bonita Springs, Marco Island and Estero, FL? Click HERE to see what’s for sale right now!

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SW Florida Real Estate: Forbes Lists Bonita Springs as Great Place to Follow Passions in Retirement

Monday, April 7th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

On February 12th, Forbes Magazine published it’s national list of 25 Great Places to Follow Your Passions in Retirement.  Bonita Springs, FL has made this list. The metropolitan areas weren’t ranked, just listed alphabetically.

As opposed to economic factors, the magazine picked locales where retirees can follow “leisure time pursuits.” The seven categories that were evaluated were arts, fine dining, lifetime learning, volunteering, outdoor activities on water, outdoor activities on land, and the sub-category of golf.  It’s no surprise that Bonita Springs made this list, as it offers all of these opportunities for retirees, residents and winter visitors alike.

Bonita Springs Mayor Ben Nelson says, ““It’s really something that we’ve been working towards for a long time. Bonita is a place where people can be really active and enjoy the things that have been created here. … We want to actually become the place where people want to be, and it looks like we succeeded.”

Christine Ross, president and CEO of the Bonita Springs Area Chamber of Commerce also commented, “I think it means we are doing the right thing here in developing our community. It’s gratifying to get this kind of recognition from such a world magazine.”

You can see the full list right HERE.

If you’ve been thinking about buying or selling a home in Bonita Springs, now is clearly the time. Check in with our real estate team at our Bonita Springs location today! Call 239-498-9200 or click HERE!

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Southwest Florida Real Estate and more: Spring Fever Bring New Home Trends This Season

Wednesday, April 2nd, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

This season is all about eclectic design and personalized décor according to owner and founder of Jameson Lane Interiors, Christina Kaufmann.  Based on her write up in the Realty Times, home trends include more vibrant colors for furnishings paired with pastel and cool grey hues for wall color.

These colors and furnishings paired together give your space a modern feel and provide a neutral canvas to better showcase contrasting bold art, furniture and warm metals!

Trusted trendsetter, Pantone, has chosen Radiant Orchid as its “Color of the Year” for 2014. Described as an enchanting harmony of fuchsia, purple and pink undertones, Radiant Orchid is also grouped with purple and pale pink, which is making a comeback. Popular 1980′s blush-tones can be modernized this season by pairing them with masculine hues as well.

The “same as your neighbor look” is totally out. New style trends allow for much more personal expression! Designers are focused less on what “matches” and instead on creating inspiring spaces filled with pieces that actually have meaning to the dweller.

Wood elements are also making a comeback, but in a more sophisticated fashion. Sun-kissed wood is in for furniture, countertops, and flooring – a perfect pair to the soft natured paint colors trending this season. As opposed to the previously popular espresso flooring, lighter wood options show less dents and scratches.

As wood and wall colors are getting cooler, metallic trends are becoming warmer to contrast. Gold is back in full force! Everything, everywhere, which was once silver or steel- hardware, fixtures, furniture and décor- you will now see in gold.

As in the rest of the home, homeowners are favoring a more personalized kitchen design. Custom painted cabinetry allows for self-expression and open shelving turns your favorite serve ware into functional art. Homeowners are also choosing more durable materials in the kitchen. Granite is going out because it is expensive and more easily damaged. Like all natural stone, it is very unpredictable. By choosing a synthetic material you will not only have a more resilient surface, but can expect the color to be true to sample and won’t pay for waste.

The mid-century modern furniture trend has now reached the backyard- from wishbone chairs to tulip tables- the new outdoor furniture on the market is chic enough to double as indoor during the off-season.

The rebirth of the “Mad Men” series has put bars and beverage carts in high demand- think crystal decanter, gold rimmed glasses and a tray of fancy spirits!

This spring your home décor should be as bold as the change of weather! Lastly, Ms. Kaufmann says to go for out-of-the-box accessories to add color to your rooms, while keeping the walls cool and neutral. Showcase items that inspire you and don’t be afraid to try something new!

See some great image examples at HGTV right now!

Looking for the perfect home to express your spring décor desires? Look no further than Southwest Florida to find your place in paradise! Contact a John R. Wood Agent today!

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Southwest FL Real Estate: Feb 2014 Neighborhood Snapshot Report Now Available!

Tuesday, March 18th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

Each month, John R. Wood Properties publishes their Neighborhood Snapshot Report, which shows the number of closed sales over the last 12 months, as well as the available inventory in some of Naples’ and Bonita Springs’ most popular neighborhoods.  This report is divided by single-family homes and condominiums, and gives residents insight into how active their neighborhood is, as well as surrounding neighborhoods.

To see the full report, click on the report below!

Neighborhood-Snapshot-FEB-2014

For more information, visit our market data archives right now!

NaplesRealEstate






Naples FL Real Estate and More: Things to do in Southwest Florida this weekend March 8-9, 2014

Friday, March 7th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

The weekend is here in Southwest Florida! There are many wonderful events and activities this weekend! Here is your top 5 things to do in Southwest Florida this weekend courtesy of our friends at Gulfshore Life Magazine!

  1. The 77th annual Sanibel Shell Show kicks off today with three days of exhibits featuring the best scientific and artistic displays of shells found throughout the world. Special emphasis will be placed this year on shells found on Sanibel Island. www.sanibelcaptivashellclub.com
  2. Tonight through Saturday marks your final opportunity to catch the politically incorrect comedy The Altruists at Laboratory Theater in Fort Myers. The play centers on a group of do-gooders who will protest literally anything. www.laboratorytheaterflorida.com
  3. Immerse yourself in a lively educational experience—more than 100 historic re-enactors, craftsmen and living history presenters will take us back to a frontier past of cattle ranching, Calusa and Seminole life, Spanish conquistadors and more at the Old Florida Festival. On Saturday and Sunday at the Collier County Museum. www.oldfloridafestival.com
  4. Grammy-nominated bluegrass stars The Grascals play two shows Sunday, at 5:30 p.m. and 8 p.m., in the Daniels Pavilion at Artis—Naples. www.artisnaples.org
  5. Tour the home studios of nationally known visual artists working in Naples during the 19th annual Artist Studio tour hosted by The Baker Museum Friends of Art. The two-day event starts Sunday at 1 p.m. and continues Monday at 10 a.m. www.artisnaples.org

Don’t forget to check out the John R. Wood Properties  March 9th Edition of HomeLook Magazine inserted in this Sunday’s Naples Daily News!

To see the best collection of luxury homes for sale in Bonita Springs, Estero and Naples, FL, click HERE!

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Lee and Collier Home Prices Outpacing Major Cold Weather Markets

Wednesday, March 5th, 2014

To search for luxury homes for sale in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Properties – Bring Your Highest Expectations.

According to CoreLogic’s March 2014 Home Price Index report, the Naples-Immokalee-Marco Island and Cape Coral-Fort Myers areas are outpacing cold weather markets like New York, Minneapolis and Washington, D.C. for rising home prices.

Whether distressed sales are included or omitted, all three northern cities had single-digit appreciation in January compared with the same month a year earlier, but Naples-Immokalee-Marco Island and Cape Coral-Fort Myers each outperformed those cities during the same period.

Including distressed sales, Naples-Immokalee-Marco Island’s home prices rose 10 percent year-over year. Excluding distressed sales, prices were up 11.5 percent.

In Cape Coral-Fort Myers, prices jumped even further: up 13.3 percent including distressed sales, and 13.2 percent excluding them.

beach-pier

The Naples Pier, Naples FL

 

While investors are still a significant factor in home price appreciation nationally, their influence is waning in places like Southwest Florida, where they once dominated the market. Cold weather also was a factor in slower appreciation up North, though it froze relatively few markets.

The study noted that 97 of 100 metro regions tracked nationwide showed year-over-year price bumps during the month. The three that saw declines were Rochester, N.Y., New Haven-Milford, Conn., and Philadelphia.

Statewide, Florida was one of seven states where prices equaled or grew faster than the nation as a whole. The others were Nevada, California, Oregon, Michigan, Georgia and Arizona.

Nationwide, the research group said home prices including distressed sales were up 12 percent, while prices excluding these sales were up 9.8 percent.

CoreLogic’s proprietary pending home price index projects prices nationwide will be up 12.5 percent in February year-over-year including distressed sales, and 10.4 percent excluding them.

To see the full report, click HERE!  For more information about home prices in Bonita Springs, Estero and Naples, FL, visit the John R. Wood Properties market data archive page!

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