Posts Tagged ‘Naples Florida real estate’

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.

 

 

 






Naples, FL Real Estate – Housing Affordability Now at Record High

Wednesday, March 7th, 2012

According to the latest housing affordability index by the National Association of REALTORS® (NAR), low mortgage rates and falling home values have brought housing within reach to more families than ever before.

“This is the first time the housing affordability index has broken the 200 mark, meaning the typical family has roughly double the income needed to purchase a median-priced home,” says Moe Veissi, 2012 NAR president. “For buyers who can qualify for a mortgage, now is a very good time to become a home owner.”

An index of 100 means that median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, also accounting for a 20 percent down payment and 25 percent of gross income devoted to the mortgage principle and interest payments.

NAR projects that affordability will remain high for the remainder of the 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: National Association of REALTORS®





Estate Lifestyles Weekly March 4th Digital Edition now available!

Friday, March 2nd, 2012

Don’t forget to look at John R. Wood’s Estate Lifestyles Weekly to see open houses and luxury homes for sale Naples, Bonita Springs and Estero Florida! Click the image below for the digital edition or see our insert in this  Sunday’s Naples Daily News!

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.






Existing home sales and prices increase in January 2012

Thursday, February 23rd, 2012

The most recent existing home sales report released today from the National Association of REALTORS® (NAR) shows existing home sales in January were at a seasonally adjusted-annual rate of 4.57 million units, which is an increase of 4.3 % from the month before and an increase of 0.7% from a year ago. The actual number of homes sold in January was 257,000 which is 26.4% less than the month before and 4.0% more than a year ago when there were 246,000 homes sold.

The median home price in the U.S. in January was $154,700,a decrease of 4.6 % from the month before and a decrease of 2.0 % from a year ago when the median price was $157,900.

Supply and Inventory of homes for sale drop for sixth consecutive month. The number of existing homes on the market decreased in January by 0.4 % from the previous month to 2.31 million homes, and is down 20.6% from a year ago when there were 2.91 million homes for sale. The month’s supply of homes on the market decreased by 4.7 % to 6.1 months from 6.4 months the month before and is down 20.8 % from a year ago when the supply was 7.7 months.

The following are the ACTUAL Existing Home sales for January 2012 reported by.

  •  There were 257,000 existing homes sold during the month which is a decrease of 26.4 % from the month before and a 4 % increase from a year ago.
  • In the South, 101,000 homes sold, which is a decrease of 25.7 % from the prior month and an increase of 4.1 % from the year before.

 Other highlights from the NAR Report for January 2012: 

  • Distressed sales (short sales and foreclosures) accounted for 35 % of all home sales for the month (22% were foreclosures and 13 % short sales), up from 32 % the month before.
  • First-time homebuyers accounted for 33 % of the home sales for the month, up from 31% the month before.
  • Investors were the buyers of 23% of the homes for the month, up from 21 % the month before.
  • Repeat home buyers were responsible for approximately 44 % of the month’s sales, down from 48 % the month before.
  • Cash buyers were 31 % of all sales for the month, same as the prior month.

 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.






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






Foreclosures decrease in Collier County

Thursday, February 16th, 2012

In a report released by RealtyTrac, foreclosure activity in Lee County fell in January by 15.32% compared with December 2011, ranking it 19th in the state.

The analysis also showed that Collier County’s January 2012 foreclosures dropped to 257 housing units (one in every 768), down 28.21% from 358 in December 2011, and down 5.17%  from 271 units during January 2011.

In Lee County, 945 housing units were in foreclosure last month (one in every 393), down from 1,116 in December 2011. However, compared year over year, foreclosures have increased nearly 11 percent, up from 854, comparing January 2011 to January 2012.

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

John R. Wood Realtors – The Symbol of Local Knowledge






Nothing says “Be Mine” like a condo on the beach in Naples, Florida!

Tuesday, February 14th, 2012

It’s Valentine’s Day and, YES, we’re totally serious! Just imagine your significant other opening the small velvet box you’ve just handed over, knowing that what he or she is expecting is NOT in that box! What actually is in that box is a key…but not just ANY key! It’s a key to a luxurious condominium on the beach!

Ok, so this would take some amount of pre-planning, but any time of the year is perfect for purchasing a second or vacation home in beautiful Naples, Florida! Whether it’s a high-rise condo on the beach or a single-family home at a resort-style golf community, buying luxury property in Naples, Florida is always a great investment!

Aside from the fact that inventory is shrinking and home sales are increasing, Naples is second to none when it comes to the luxury beach and resort lifestyle! Enjoy miles of white sand beaches, incredible sunsets, lush preserves, dining and shopping, and world-class golf courses.

So, for your NEXT Valentine’s day why not start planning now! By this time next year, you and your sweetie could be admiring the ocean from your beachfront condo! WAY better than chocolate and flowers!!

Case in point, check out this amazing condo and the View!

Find a John R. Wood Agent now! 

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

John R. Wood Realtors – The Symbol of Local Knowledge






Foreign homebuyers keep Florida markets hot!

Friday, February 10th, 2012

Lured by some of the lowest housing prices in a decade, foreign-born residents and visitors are buying U.S. properties at a rapid rate. More than 8 percent of all real estate sales in 2010 were to foreign nationals, according to the National Association of Realtors (NAR).

Mortgage companies offer a variety of products to foreign nationals but the products’ accessibility and terms depend on the borrower’s immigration status and documentation of credit status in his or her home country.

International interest in U.S. properties is growing fast. Sales of real estate to foreigners increased from $66 billion in 2009 to $82 billion in 2010, according to NAR data.

In Florida, which accounts for 10 percent of the country’s immigrant population,  foreign buyers accounted for almost 31 percent of all real estate transactions. Other states popular with foreign homebuyers include California, Texas, Arizona, Illinois, Tennessee and New York.

Foreign nationals tend to buy homes in communities where they already have roots or where large immigrant populations exist. In Florida, Cubans, Haitians and Colombians account for the majority of foreign buyers while in most of the Southwest, Mexicans make up the majority. Canadians are buying heavily all across the country.

 To find homes for sale in beautiful Southwest Florida, click HERE!

To learn more about Naples, Estero, Bonita Springs and Marco Island, click HERE!

John R. Wood Realtors – The Symbol of Local Knowledge






Naples, Florida Real Estate – Will the Real Estate Market Heat Up This Spring?

Tuesday, February 7th, 2012

The spring season usually brings an increase in buying and selling to the Southwest Florida real estate market. Nationally speaking, housing experts are mostly optimistic that this spring will be even better than recent years. 

According to the National Association of REALTORS® (NAR), some signs are already there: Housing inventories are declining, housing affordability is at record highs, mortgage rates are at all-time lows, and the job market is improving. 

In Southwest Florida, home sales have been edging up in recent months, and available inventories as of January 1, 2012 in the combined Naples, Bonita Springs, Estero market was 7,896 units (4,264 condominiums and 3,632 single family homes). This represents a 23% decrease from January 1, 2011.

 Nationally, nearly 2.4 million units were available in December 2011, reaching its lowest point since 2005, according to National Association of REALTORS® data. 

NAR’s Chief Economist Lawrence Yun says home prices are beginning to stabilize in many markets.  Also, NAR’s Housing Affordability Index is at its highest level since the 1970s, which indicates that for the average family housing is very affordable. 

The National Association of Home Builders is also predicting an improvement this spring among the new-home sector. NAHB is predicting that home sales will increase 18 percent this year, that’s after facing their lowest on record in 2011. 

There is no better time to buy a luxury home right here in Marco Island, Naples, Bonita Springs or Estero, Florida.

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

John R. Wood Realtors – The Symbol of Local Knowledge






Naples Florida Real Estate – Homelook Weekly now available!

Friday, February 3rd, 2012

 Click HERE to read our latest issue of Homelook Weekly!

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

John R. Wood Realtors – The Symbol of Local Knowledge