Posts Tagged ‘Naples Florida’

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Naples FL Real Estate and More: Things to Do This Weekend May 18-19, 2013

Friday, May 17th, 2013

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

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It’s Friday and it’s time to plan your weekend here in Southwest Florida! Here’s your Top 5 Things to Do This Weekend courtesy of Gulfshore Life!

  1. Perhaps not since The Who unleashed Tommy has a band with a substantial following created a rock opera. But Green Day accomplished the feat with American Idiot, which was an album, then a hit on Broadway. Now the show is coming to the Barbara B. Mann for one night—tonight. www.bbmannpah.com.
  2. Pablo Francisco has a knack for impressions. Be it Jackie Chan, Michael J. Fox or even Kermit the Frog, he’ll have you in stitches as he puts some of your favorite celebrities in less than celebrated situations during his four-night stand at Off the Hook Comedy Club on Marco Island starting tonight. www.offthehookcomedy.com
  3. See the aspiring dancers of Naples Ballet as they take on the classic Swan Lake at the Sugden Community Theatre on Saturday and Sunday at 5 p.m. www.naplesacademyofballet.com
  4. Take a trip back in time, and a literal trip across Pine Island Sound, for Cayo Costa Heritage Day. On Saturday, explore the island that was once a hub of commerce for the Calusa Indian tribe and early Spanish settlers with demonstrations, guided tours and more. The $35 admission fee includes a ferry ride from Pine Island, Punta Gorda, Captiva or Boca Grande, plus lunch. www.floridastateparks.org/cayocosta
  5. Take the whole family to Artis—Naples from noon to 4 p.m. Sunday for a free community day. Explore the museum, hear the orchestra rehearse, get your kids’ faces painted and enjoy some bilingual folk tales. Plus, the first 200 attendees get a free Artis—Naples shirt. www.artisnaples.org.

It’s also Homelook Magazine weekend! See this Sunday’s Naples Daily News for the May 19th issue of John R. Wood Realtors’ signature Open House Magazine, HomeLook®.  Use this easy-to-carry and organized real estate guide to visit open houses this weekend and homes for sale in Naples, Bonita Springs and Estero FL!

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

 

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Naples FL Real Estate and More: What is the Economical Impact of a Home Sale?

Wednesday, May 15th, 2013

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

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Have you ever wondered what the economical impact of a home sale is on the U.S. economy? Well, wonder no more! The folks at KCM Blog were kind enough to break it down for us with interesting results!

Recently, the National Association of Realtors (NAR) looked at studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard.

After reviewing the data, they determined the total economic impact of a typical home sale in the United States is $56,464!

How does this number break down?

Economic Contributions are derived from:

  • Home construction
  • Real estate brokerage
  • Mortgage lending
  • Title insurance
  • Rental and Leasing
  • Home appraisal
  • Moving truck service
  • Other related activities

When a home is sold in the U.S. …

  • $14,958 is income generated from real estate related industries
  • $5,647 for additional expenditures on consumer items such as on furniture, appliances, and paint service
  • $3,509 for expenditures on remodeling within 2 years of purchase

A home sale generates an economic multiplier impact as well. There is a greater spending at restaurants, sports games, and charity events. The size of this “multiplier” effect is estimated to be at$11,575.

Additional home sales also induce additional home production. Typically, one new home is constructed for every 8 existing home sales. Therefore, for each existing home sale, 1/8 of new home value is added to the economy which is estimated in the U.S. to be $20,775.

Add up the numbers and it totals over $56,000! Very interesting!

For more information about homes for sale in the Naples, Bonita Springs and Estero market, contact a John R. Wood Realtor today!

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

source: KCMblog.com

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Naples FL Real Estate and More: Investors Scooping Up Florida Real Estate

Monday, May 13th, 2013

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

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As reported in the Naples Daily news this past Saturday, investors seem to be scooping up real estate in Florida. Specifically Hedge funds, corporate buyers and large investors are picking up these buys and some are speculating that this could lead to higher prices and home rentals in some areas of Florida.  Some also say that while we may see some double-digit prices, it may be due to hedge funds and foreign investors. RealtyTrac officials are echoing the same opinion.  In the past, properties in Hillsborough, Miami-Dade, Broward and Palm Beach counties were targeted for acquisition by Hedge Funds, but now Tampa and the Southwest Florida markets are as well.  This activity has also contributed to the decline in inventory in Southwest Florida.  However, others speculate that properties in Collier County are not being bought up in such a flurry as in other areas because the typical criteria for purchase is a single-family home under $250,000 in a high-demand area for rentals. Due to a higher price point in the Naples market, this inventory is not so readily available.

To see the full article, click HERE.

For more information and data research in the Naples, Bonita Springs and Estero Market, please visit the John R. Wood Market Statistics Page or contact a John R. Wood Realtor today.

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

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This Weekend in Southwest FL: Dock Canoe Races, ArtsNaples World Festival and More

Friday, May 10th, 2013

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

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Guess what day it is? It’s Friday and time to make those weekend plans! There are many things taking place in Southwest Florida this weekend – it looks like there is something for everyone, including Mom in celebrating Mother’s Day on Sunday May 12th! Courtesy of Gulfshore Life, here’s your top 5 things to do in Southwest Florida this weekend!

  1. Stop calling him Hootie! Darius Rucker is on his own now, playing country rather than the Top 40 rock of his band’s early-’90s star-making run. But he’s still got that plaintive tenor, and a way with words that fits just about any genre. See him live tonight at Germain Arena. www.germainarena.com
  2. ArtsNaples World Festival returns for year two with a Latin flair. The cultural festival celebrates the heritage of Latin American with a series of performances, starting Friday when piano virtuoso Priscila Navarro kicks things off at The von Liebig Art Center. Performances continue through Tuesday’s big finale with trumpet legend Arturo Sandoval at Artis. www.Naplesartsnaplesworldfestival.org
  3.  A ladies book club meeting turns hilarious when they decide to read Fifty Shades of Grey in parody 50 Shades! The Musical at the Barbara B. Mann Performing Arts Hall on Friday. www.bbmannpah.com
  4. One of Naples’ most entertaining traditions continues for its 37th time as the Great Dock Canoe Race returns to Crayton Cove on Saturday. Come watch nearly professional racers, local VIPs and folks who just wanted to see how silly they can make a canoe look race around the Naples City Dock. www.greatdockcanoerace.com
  5. Southwest Florida’s newest professional sports team takes the field for the first time on Saturday as the Adrenaline soccer team host the squad from Fort Lauderdale’s Shulz Academy. The game will be played at Barron Collier High School at 6 p.m. www.swfladrenaline.com

Don’t forget to visit John R. Wood Realtors’ Open Houses this weekend! What a perfect gift for Mom – a beachfront condo on Gulf Shore Blvd!

See our Open House ad in this Sunday’s edition of Naples Daily News!  Do you want to contact a John R. Wood Agent now? Just click HERE!

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

 

 

 

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Naples FL Real Estate and Beyond: Pending Home Sales Increased in March 2013

Tuesday, May 7th, 2013

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

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According to the National Association of Realtors® (NAR), pending home sales increased in March 2013 and remain above year-ago levels, but contract activity in recent months shows only modest movement.

The Pending Home Sales Index (PHSI), which is a leading indicator for the housing sector, based on pending sales of existing homes based on contract signings, rose 1.5 percent to 105.7 in March from a downwardly revised 104.1 in February, and is 7.0 percent above March 2012 when it was 98.8. Pending sales have been above year-ago levels for the past 23 months; the data reflect contracts but not closings.

Lawrence Yun, NAR chief economist, said the market appears to be leveling off. “Contract activity has been in a narrow range in recent months, not from a pause in demand but because of limited supply. Little movement is expected in near-term sales closings, but they should edge up modestly as the year progresses,” he said. “Job additions and rising household wealth will continue to support housing demand.”

The PHSI in the Northeast was unchanged at 82.8 in March and is 6.3 percent higher than March 2012. In the Midwest the index increased 0.3 percent to 103.8 in March and is 13.7 percent above a year ago. Pending home sales in the South rose 2.7 percent to an index of 120.0 in March and are 10.4 percent higher than March 2012. In the West the index increased 1.5 percent in March to 102.9 but is 4.3 percent below a year ago.

Total existing-home sales are projected to increase 6.5 to 7 percent over 2012 to nearly 5 million sales this year, while the national median existing-home price is forecast to rise about 7.5 percent.

For more information, Click HERE to see the video where Lawrence Yun, NAR chief economist, explains the PHSI report in detail.

For information about pending home sales in Southwest Florida, visit the John R. Wood Realtors Market Data page HERE.

 

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

 

 

 

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Naples FL Real Estate and More: Gallup Says American Dream of Owning Home Lives On

Monday, May 6th, 2013

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

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Gallup just released its poll, American Dream of Owning Home Lives On.

What was the conclusion of this survey?

“Gallup data on homeownership provide strong support for the idea that the American Dream of owning a home continues to be alive and well. The majority of Americans who own a home plan on continuing to do so in the future, and most of those who don’t own a home plan on buying one.”

And, here is  a superb infographic courtesy of the KCMblog.com that shows the 5 Top Reasons people buy…

Top Reasons People Buy

Are you looking to buy in Southwest Florida? Whether you’re looking to buy a vacation or winter luxury home, your first home or a great investment, a John R. Wood Agent can help! Contact a John R. Wood agent today!

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Naples FL Real Estate: Experts Say Bank-Owned Homes Back on Market

Wednesday, May 1st, 2013

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

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The experts say that bank-owned homes are back on the Southwest Florida market. According to an article in the Naples Daily News published on April 29, 2013, banks are not holding on to foreclosed homes as they have in the past.

John Tuccillo, chief economist for Florida Realtors, told those attending the recent Naples Area Board of Realtors’ annual economic summit that banks aren’t holding on to foreclosed, bank-owned homes as some analysts are saying.  Banks began changing their approach late last year and have been selling homes primarily to high-net-worth investors, with the ability to pay cash rather than needing financing, says Jack McCabe, a Deerfield Beach real estate analyst. Local Real Estate agents are also seeing that banks are wanting to be rid of these properties as soon as they can and are not holding on to them.

In March, there were 162 new REOs in Collier County, up nearly 40 percent from the 116 in that month in 2012, RealtyTrac’s records show. In March 2009, there were 386 — the most seen in the county since the foreclosure crisis hit.  Lee County had 196 such real estate properties in March, down about 60 percent from 498 in 2012, according to RealtyTrac’s records. The most REOs seen in Lee since the foreclosure crisis hit were 1,539 in April 2009.

Brenda Fioretti, NABOR’s media relations committee member says that distressed property activity has declined tremendously. She states, “the foreclosure process sometimes can take a while, but once banks are able to sell property they seem to be doing it quickly. We would welcome any bank-owned inventory in our market. The market can absorb the available inventory.”

To read the full article, click HERE.

For more information about the local real estate market in Collier and Lee counties, please visit our market data research page or contact a John R. Wood Agent today!

Naples,Bonita Springs, Marco Island, Estero FL Real Estate

Naples, Bonita Springs, Marco Island, Estero FL Real Estate

 

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Naples FL Real Estate: The Gulf Shore Boulevard 1st Quarter 2013 Market Report is Now Available!

Tuesday, April 30th, 2013

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

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The Gulf Shore Boulevard 1st Quarter 2013 Market Report is now available!

Overall sales along Gulf Shore Boulevard are down when compared to Q1 2011, and approximately the same as Q1 2012. The number of available properties for sale on the beachfront is down 25%, and bayfront inventory decreased 20% from Q1 2012.

To see the FULL report, click on the image below!

COVER-Gulf-Shore-Blvd-1st-Qtr-2013-Market-Report-1

For more information and market data, please visit our Market Data Research Page!

Naples,Bonita Springs, marco Island, Estero FL Real Estate

Naples,Bonita Springs, marco Island, Estero FL Real Estate

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Naples Real Estate and More: Things to Do This Weekend April 27-28

Friday, April 26th, 2013

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

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TGIF! It’s time to make your weekend plans! Visit Open Houses on Sunday; get the John R. Wood Realtors’ Open House insert in this Sunday’s Naples Daily News and plan the rest of your weekend with the top 5 things to do in Southwest Florida, courtesy of Gulf Shore Life!

  1. Laugh out loud at Educating Rita, Florida Rep’s take on the wildly funny comedy about a hairdresser and the college professor she meets when she enrolls at a local university. Through May 5 at the Arcade Theatre in Fort Myers. www.floridarep.org
  2. Southwest Florida’s longest running film festival, the Fort Myers Beach Film Festival, kicks off its seventh year today through Sunday at the Beach Theater. Catch independent films from around the world, with a healthy helping of local work. www.fmbfilmfest.com
  3. The name might have changed but the programming is still what you expect; head to Artis—Naples tonight for the final All that Jazz performances of the year, featuring the Naples Philharmonic Jazz Orchestra playing the music of Jerome Kern. www.thephil.org
  4. Kick off the ArtsNaples World Festival a bit early with a look at the Latin America art exhibit opening Friday at The von Liebig Art Center. See pieces from the collection at the Patty & Jay Baker Naples Museum of Art, plus works from renowned local artists. www.naplesart.org
  5. One of Naples’ longest-running traditions is back as the Taste of Collier celebrates its 30th year of thanking locals for eating at area restaurants. So, head to Bayfront from noon to 4 p.m. on Sunday to sample food from more than 30 of Collier’s finest eateries. www.tasteofcollier.org

To find out more out Open Houses happening in Southwest Florida, contact a John R. Wood Realtors’ Agent today!

Naples,Bonita Springs, marco Island, Estero FL Real Estate
Naples, Bonita Springs, Marco Island, Estero FL Real Estate

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Naples FL Real Estate: Median Home Price Up by 17 Percent

Thursday, April 18th, 2013

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

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According to the latest announcement by the Naples Area Board of Realtors (NABOR) released on April 12, 2013, the median home price in the Naples market is up by 17 percent as compared to March 2012.

The median price increased from $184,000 in March 2012 to $215,000 for the 12-month period ending last month.  Overall, the total number of closed sales dropped in March compared to a year ago. However, overall pending sales increased 4 percent from 10,204 units to 10,633 units for the 12-month period ending in March 2013. Overall pending sales rose in all price categories in March compared to the 12-month period ending in March 2012, except in the under $300,000 category.

The report also stated that the average number of days on the market decreased by 8 percent, from 171 days on the market in March 2012 to 157 days on the market last month. Overall inventory dropped by 14 percent, from 7,599 in March 2012 to 6,565 last month as well.

NABOR also released its first quarter 2013 report…

The quarterly report said the overall median closed price increased 24 percent, from $190,000 in the first quarter of 2012 to $235,000 in the first quarter of 2013. In the $300,000 and under category, the median closed price increased 18 percent, from $135,000 in the first quarter of 2012 to $159,000 in the first quarter of 2013.

Overall closed sales decreased 2 percent, from 2,220 residences in the first quarter of 2012 to 2,167 in the first quarter of 2013. Overall closed sales increased 13 percent in the $300,000 to $500,000 category, from 309 residences to 350, and increased 15 percent in the $1 million to $2 million category, from 99 residences in the first quarter of 2012 to 114 in the first quarter of 2013, according to the report.

The also report said the average number of days on the market decreased 4 percent overall, from 169 days in the first quarter of 2012 to 162 days in the first quarter of 2013.

To read the full release by NABOR, visit www.NaplesArea.com

For additional market reports looking at the Naples, Bonita Springs and Estero areas, please visit the John R. Wood Realtors Market Data Research page.

Naples,Bonita Springs, marco Island, Estero FL Real Estate

Naples,Bonita Springs, marco Island, Estero FL Real Estate

 

 

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