Posts Tagged ‘Naples Florida real estate sales’

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Naples, FL Real Estate – February 2012 Market Stats are here

Tuesday, March 20th, 2012

Closed Sales are up in February 2012; March activity shows no signs of slowing down

In this month’s John R. Wood Market Report, closed sales priced above $1,000,000 continue to rise with 49 closings in Feb compared to 42 closings this same time last year. During the first two months of 2012, median sales prices are at the
highest level for the same period since 2008. Additionally, properties priced between $500,000 and $750,000 posted the biggest gains over prior year with a 30% increase over year-to-date 2011.

Regarding pended sales, February 2012 is the third highest on record for the month. The number of pended sales
between $500,000 and $1,000,000 is up 31% over first two months of 2011; the largest increase of any segment.  The
number of new listings taken in February is the lowest for the month since 2005. On March 1, 2012, available inventory in the combined Naples, Bonita Springs and Estero market stands at 8,059 units (4,336 condominiums and 3,723
single family homes). This represents a 9.2 month supply based on the number of closings in the past 12 months.

To see the full John R. Wood Realtors February 2012 Market Report including a detailed analysis, click HERE.

Don’t forget to look at the Neighborhood Snapshot Report for February 2012 as well!
To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

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Naples, FL is #7 on the list with a year-over-year increase: 15.67%

Monday, March 19th, 2012

Median list prices nationwide increased 6.82 percent in February compared to February 2011, according to the latest data from Realtor.com, tracking 146 markets.  “The nation’s housing market as a whole are in better shape
today than at any time since the 2009-2010 tax credits,” according to Realtor.com’s monthly housing summary. “While higher list prices do not always translate into higher sales prices, they may signal a growing optimism on the part of sellers that the market has begun to turn around.”

Florida continues to be the market seeing some of the biggest increases to median list prices in the last year. The following 10 markets posted the biggest rise in median list prices year-over-year, according to February housing data from Realtor.com.

Naples, FL is #7 on the list with a year-over-year increase: 15.67%

Median list price: $369,000

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

 

 

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96% percent of American’s think now is a good time to buy a house

Friday, March 16th, 2012

96% percent of American’s think now is a good time to buy a house according to recent survey

According to a recent national survey, Americans are significantly more optimistic about homeownership than they were a year ago.  According to the survey, 60% of Americans have favorable views toward the real estate market.

That’s up from 52% from last year. The survey shows other signs of increased consumer optimism as well:

  • Americans are gaining confidence in stability of home prices
  • 70% think it is a good time to buy a house
  • 62% percent of Americans think now is a good time to buy a home

Now that you’re ready to buy in Southwest Florida,  contact your John R. Wood Realtor today!

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

 

 

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Is the Southwest Forida housing market recovering?

Wednesday, March 14th, 2012

Is the housing market coming back? We are reading conflicting reports in the media every day. Some say yes and some say no. How can we determine the real answer to this question?

Two factors must be reviewed upon answering that question accurately: house sales and house prices. As we’ve seen in the Southwest Florida sales are already increasing, while prices are holding steady in some price points while showing small increases in others.

Home Sales

The National Association of Realtors (NAR) issues a Pending Home Sales Report each month. According to that
report, sales have been increasing over the last twelve months. Real estate professionals across the country are reporting that activity has increased as compared to last year. We know that sales in the Southwest Florida market have increases
over winter season last year considerably. The sales side of the recovery is starting to show great promise in this market and in many others.

Home Prices

Many price studies have shown that national home prices are continuing to stumble. Even with demand increasing, we
must look at where the supply of housing stock stands today. Though ‘visible’ inventory (homes currently on the market) is shrinking, there is still a large overhang of ‘shadow’ inventory (foreclosures about to come to market as a
result of the National Mortgage Settlement). This increase in inventory will outpace the increase in demand and thereby cause prices to continue to soften in many parts of the country. However, in Southwest Florida, we’ve seen some pricing
hold steady mostly, with a small increase in homes priced below $600K.

 

What is the verdict?

It is obvious that housing is coming back as we’ve seen from sales increases. However, sales will come back before prices. In most markets, we will not see prices greatly appreciate until we work through the oversupply of homes on the market.

To search for real estate in Naples,Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

 

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Homebuyers in Southwest Florida and nationally are motivated by lifestyle needs…

Monday, March 12th, 2012

In a recent survey conducted, real estate agents across North America revealed that home buyers are motivated by
lifestyle needs and are more willing to buy homes with updated kitchens and open floor plans than homes with “trendy” media rooms.

Highlights from the survey include:

  • 94% say their sellers are getting rid of clutter and making cosmetic updates, such as fresh paint and minor repairs.
  • 76% of respondents agree that clients are willing to “de-personalize” the home.
  • 59% of respondents say sellers are even bringing in new home decorations or furniture to help make the home more appealing.
  • 33% of agents surveyed say that a new or updated kitchen is the most important feature to homebuyers.
  • 14% say the most important feature to homebuyers is an open floor plan, while 12% say it is a new or updated bathroom.
  • Only 1% of the real estate professionals surveyed say they believe that entertainment rooms or finished basements are the most important feature.

The survey shows growing families are currently the biggest lifestyle driver for home buyers. 70% of real estate professionals surveyed say a new baby or growing family is the most common or a very common lifestyle reason that North American buyers search for a new home.

Other key motivators include:

◦Marriage –59%

◦Divorce –48%

◦Retirement –37%

Now is a great time to consider buying in Southwest Florida! Whether you’re a family just starting out, ready
to retire or just looking for the Southwest Florida lifestyle, Naples, Bonita Springs and Estero, Florida has it all – condos on the beach, family-friendly neighborhoods, and world-class golf communities galore!

Now that you’re ready to buy, contact your John R. Wood Realtor today!

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

 

 

 

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Home prices up in one of every 4 markets

Friday, March 9th, 2012

CoreLogic, a leading provider of real estate market information released its March CoreLogic MarketPulse report today. The report indicated that 25 percent of all markets are experiencing increases in home prices. During the housing bust, 96 percent of all markets saw home prices fall.

Here are some highlights of the report:

  • The real estate market is showing positive signs with upward trending sales activity and a healthy month’s supply of homes for sale.
  • The mortgage market is slowly growing on the strength of refinance activity that may fade over the coming year as interest rates rise, but may be replaced by increased home sales and resulting purchase loans.
  • Shows an improving housing market that is geographically diverse, ranging from markets that were not as hard hit by the housing market depression to some of those that were hardest hit.
  • Highlights the importance of uncongested foreclosure pipelines and the ability of a market to clear its distressed
    properties as critical to long-term improvement in home prices.
  • Provides a chart focusing on months’ supply for a low, medium and high ranking market from the CoreLogic top 100 Core-Based Statistical Area (CBSA) improvement rankings. The chart shows varying peaks in months’ supply and the different recovery rates for three cities, suggesting that the housing crisis had a different impact on each market.

Here in Southwest Florida, we are seeing inventory decrease from Naples to Estero markets, and many foreign
buyers from Canada and South America. If you’re thinking of buying in Southwest Florida, you need to make your move now!

To find a John R. Wood Agent, click HERE.

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.
John R. Wood Realtors – The Symbol of Local Knowledge.

Source: CoreLogic MarketPulse March 2012

 

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Optimistic about housing and the economy? You’re not alone.

Thursday, March 8th, 2012

Americans’ concerns over housing and the economy are subsiding, according to Fannie Mae’s National Housing Survey from February.

An improving job market is a big part of what’s behind Americans feeling more confident about the housing market and the direction of the economy, according to the survey.

“The pickup in the pace of hiring over the past few months has helped soothe consumer concerns, lifting their moods regarding their personal finances, the direction of the economy, and their views on the housing market,” says Doug Duncan, chief economist of Fannie Mae. “As a result, we’ve seen more potential for economic upside, creating a more balanced near-term outlook.”

The survey found that 28 percent of Americans expect home prices to increase over the next 12 months while 53 percent say prices will likely stay the same. Fifteen percent say they expect home prices to decline.

Meanwhile, the majority of those surveyed see rental prices continuing to increase over the next year.

Sixty-five percent of those surveyed say that if they were going to move they’d buy their next home; 29 percent say they would rent.

With low mortgage rates and falling home prices, 70 percent of those surveyed say now is a good time to purchase a home. Also, more Americans surveyed say now is a good time to sell, rising to 13 percent in February, which is the highest level in more than a year but still low by historic standards.
Overall, Americans expressed more confidence about their personal financial situation, with only 12 percent saying they expected their personal financial situation to worsen in the next 12 months — which is the lowest number in more than a year.

To find a John R. Wood Agent, click HERE.

To search for real estate in Naples,Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood Realtors – The Symbol of Local Knowledge.

Source: Fannie Mae

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John R Wood Realtors’ CEO featured in Canadian Capital Magazine

Friday, February 24th, 2012

John R. Wood President and CEO, Phil Wood, was featured in an online article by Canadian Capital Magazine.  The article entitled, Buying a Southern Home?For an investment property, look no further than the Southeastern U.S., ran online on February 22. In the article Wood discusses where in the SE United States should you be looking to buy an investment, vacation or retirement property. The markets topping the list Naples, FL, Savannah, GA, and Gulf Shores, AL. These markets are well-known for their financial advantages and luxurious lifestyle attributes in the Southern United States.

Read the full article HERE:

To find a John R. Wood Agent, click HERE.

To search for real estate in Naples, Bonita Springs, Estero or Marco Island, Florida, click HERE.

John R. Wood – The Symbol for Local Knowledge.

 

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Mid-priced homes surge 29% in Naples, Florida

Monday, February 20th, 2012

Pending sales of all single-family homes and condos increased!

 According to the Naples Area Board of Realtors’ (NABOR) most recent market report, pending home sales of Naples area mid-priced single-family homes and condos (between $300,000 and $ 1 million) surged 29 percent in January 2012. The report tracks home listings and sales within Collier County (excluding Marco Island).

According to Phil Wood, President and CEO of John R. Wood Realtors, “Pending sales were very strong in January, plus some of the transactions were new development projects.”

Naples Area Board of REALTORS® data shows that the overall market experienced 8,295 closed sales for the 12 months ending January 2012, a 5 percent increase over the 12-month period ending January 2011 (7,879 closed sales).

NABOR® data shows:  

  • Overall pending sales in the $300,000 to $500,000 category increased 34 percent from 115 in January 2011 to 154 in January 2012.  
  • Closed sales in the $1 million to $2 million category increased 13 percent from 336 to 379 for the 12- month period ending January 2012.
  • Inventory dropped 19 percent from 9,388 in January 2011 and remains at a low level with 7,860 available properties in January 2012.
  • Average days on the market (DOM) in the $500,000 to $1 million category decreased 10 percent from 213 in January 2011 to 192 in January 2012.
  • Overall sales of homes and condos between $1million and $2 million increased 53 percent, January 2012 compared to January 2011.

“The $500,000 to $1 million category has been historically a leading market indicator, and that category experienced a 23 percent rise in pending sales from 100 in January 2011 to 123 in January 2012, a positive sign,” remarked Dr. Shelton Weeks, Director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University.

 ”A good report from developers, along with positive comments of an overall healthy market, may bring more buyers off the side-lines,” said Mike Hughes, General Manager of Downing-Fry Realty. “The strong activity in pending sales brings a sense of urgency that if they wait too long to make a purchase, the property may not be there.”

“We are now seeing multiple buyers competing for the same property,” said Brenda Fioretti, NABOR® Media Relations Committee Chairman and Managing Broker of Prudential Florida Realty.

To view the entire report, visit www.NaplesArea.com 

See the John R. Wood January 2012 Market Reports below:

Market Report January 2012

Neighborhood Snapshot January 2012

To search for homes for sale in Naples, Bonita Springs and Estero, FL click HERE!

John R. Wood Realtors – The Symbol of Local Knowledge

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Naples, Florida Real Estate – John R. Wood’s Jan 2012 Market Report

Friday, February 17th, 2012

In this month’s John R. Wood Market Report, closed sales units are up 5% during the prior 12 months (2/1/11 – 1/31/12).  Additionally, sales volume is up 7.5% during this same period.

In the luxury home market, units priced at $1,000,000 and above, closings are up 10% over the past 12 months.  January 2012 pended sales priced below $250,000 have dropped 14% from this time last year.  Pended sales remained brisk in January with almost 1,400 units, the highest level since April 2011.

 

The number of properties placed on the market in January was the lowest for the month since 2005. Available inventory on February 1, 2012 stands at 8,181 units (4,404 condominiums and 3,777 single family homes). Additionally, more neighborhoods are experiencing less than a one-year supply of homes for sale. Overall, available inventory represents a 22% decrease from February 1, 2011 and is approximately a nine-month supply.

 

To see the full Market Report including a detailed analysis, click HERE.

Don’t forget to look at the Neighborhood Snapshot Report for January 2012 as well!

 

To find homes for sale in Naples, Bonita Springs, Estero or Marco Island, click HERE!

 

John R. Wood Realtors – The Symbol for Local Knowledge

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