Posts Tagged ‘Naples luxury real estate’
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
Tags: bonita springs foreclosures, Bonita Springs real estate, Buying a Southwest Florida home, collier county foreclosures, Collier County Real estate, estero real estate, lee county forclosures, lee county real estate, naples fl foreclosures, Naples Fl real estate, Naples Florida real estate, Naples luxury real estate, Naples real estate, Real estate Naples Fl, Southwest Florida real estate
Posted in Collier County Real Estate Market Report | No Comments »
Monday, February 13th, 2012
Besides the obvious reasons that include great prices and low mortgage rates, there are some other reasons people want to buy homes. According to Inman’s Tara-Nicholle Nelson, increased conversations are taking place that center around people who want to buy and are defending reason to buy. Here are the most popular reasons she sites in her article:
I just want to own the place I live. The desire to be a homeowner seems to be the most popular reason. It may include a bunch of motivations, like tax considerations, the ability to gain equity over time, own the home and furnish as you desire. This popular reason may demonstrate that in the debate about whether a home is an investment or a place to live, the emotions around owning the place you live trump investment.
I want to buy now and move later. Warren Buffet’s assistant just famously bought a retirement home, years in advance, publicly stating that she did so on her boss’s advice to buy now and move later. This is a partially market-based sentiment, of course, as the rationale for buying right now is that prices and interest rates are low. But it’s also partially lifestyle-based, as this is a motive for buying that you’re much more likely to hear from those who have diligently saved and are currently well-employed, but look forward to moving to a locale with a lower cost of living in the years to come, when they change career paths or retire.
I don’t want to have to move anymore. The truth that living in a home you don’t own may mean moving when you don’t want to is a big emotional driver for home buying these days. It helps that rates and prices are low, and that many of these renters have been saving aggressively over the past few years.
Whatever your reason may be for buying a home, it’s hard to deny both the great value and lifestyle that you get by purchasing a property in Southwest Florida!
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
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Florida, Naples luxury real estate, Naples real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying a home in Southwest Florida | No Comments »
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
Tags: Bonita Springs homes, Bonita Springs open houses, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, homes for sale in Bonita, Homes for sale in Bonita springs, homes for sale in Estero FL, homes for sale in Marco Island, Homes for sale in Naples fl, Luxury golf homes in Naples Florida, Naples Florida, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate, real estate Bonita, real estate Bonita Springs, real estate naples, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida | No Comments »
Monday, February 6th, 2012
You know we had to do it! With everyone still discussing the Superbowl today, we had to come up with something clever to blog about today and integrate the Superbowl somehow!
Well, we cannot take all the credit! Some of the credit must go to the KCMBlog, where this original idea came from. We love the correlation between the job of the players and your relationship with those individuals that make your real estate transaction a successful one!
Thanks to the KCMBlog and their accurate opinion of how the team works best:
- Head Coach (Your Loan Officer) – Your loan officer should be the Head Coach. After careful analysis of your income, credit and assets, this is the person in the best position to make sure you are playing to your strengths and minimizing your weaknesses. Your loan officer can discuss the economic realities of homeownership, while listening to your quality of life concerns. The loan officer can set up the game plan.
- Offensive Coordinator (Your Real Estate Agent) – Your real estate agent is your offensive coordinator. Armed with the game plan. the agent calls the plays, counseling you on the geography, the competition, the best ways to negotiate your way to your personal touchdown. Agents know the playing field (the inventory and the market). If you hire them to represent you, they can disclose the weaknesses of your competition (the seller).
- Offensive Line (Your Attorney, Accountant and Financial Advisors) – Your attorney, accountant and financial advisors are your offensive line. They are there to protect you from the blitzes that come from outside (sellers, title issues, tax consequences, and protecting your assets). Not the glamour positions, but vital to any success you are going to have.
- Running Backs and Wide Receivers (Your Friends and Family) – Your friends and family are the running backs and wide receivers. They often receive the glory and attention, but honestly, if everyone else doesn’t do their job, they rarely ever see success. Bad game plans, weak play calling, poor execution on the offensive line or by you, as quarterback, leave them merely as names on the roster.
As with any team, communication is the most important component to getting the desired results. Being the center of the action, the quarterback (you) talks honestly with the coaches and coordinators, so they can help direct you on the proper play calling.
Simultaneously, you need to heed the feedback from your offensive line, running backs, and receivers to filter wise advice from emotion.
Let John R. Wood assist you in being the “quarterback” of your home-buying process! We are ready to be your “Offensive Coordinator” and find you the right vacation or home-away-from-home property!
To find a John R. Wood Agent today, click HERE!
To see homes for sale in Naples, Bonita Springs and Estero, FL, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge.
Tags: Bonita Springs real estate, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Fl real estate, Naples Florida, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida | No Comments »
Tuesday, January 31st, 2012
Last week, according to an article found on CNNMoney, “rates on both the 30-year and 15-year fixed loans fell to new records, at 3.89 percent and 3.16 percent, respectively, according to Freddie Mac.” The question remains: how long will prospective buyers enjoy such low rates?
Potential buyers sitting on the fence waiting for the rates to go lower may be getting their reason to act: a recent action by Congress may be pushing those rates higher shortly. According to CNNMoney, “to pay for the extension of payroll tax cuts, Congress mandated an increase in fees for Fannie Mae and Freddie Mac loans. That could mean an increase in upfront costs for borrowers of about half a point, starting April 1. The new fee would add $500 for every $100,000 in principal.” Instead of an additional upfront fee, borrowers could pay the fee as a higher interest rate, [adding] an additional one-eighth of a point to their rate. That amount might seem inconsequential, but when added to a $250,000 mortgage, the mortgagee could be paying approximately $225 more per year.
With a market filled with desirable listings, interest rates at historic lows, and a threat of rising rates, prospective buyers would benefit from getting off the fence and jumping into the present day ‘buyers’ market.
So, what are you waiting for? Click HERE to find a John R. Wood Agent today!
Click HERE to search for homes for sale in Naples, Estero, and Bonita Springs, Florida!
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Posted in Buying real estate in Naples Florida | No Comments »
Monday, January 30th, 2012
Looking for a property on Gulf Shore Blvd. Now is a GREAT time to buy or sell in this popular area! For properties for sale in this desirable area, days-on-market times are shrinking as the inventory continues to decline. Buyers will benefit from prices which have remained relatively stable for the past three years, but which may be poised to begin increasing.
Read the full report HERE!
Search for homes for sale in Naples HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: Buying a Naples home, Buying a Southwest Florida home, Condos for sale on Gulf shore blvd, Gulf Shore blvd, Gulf Shore Blvd Naples FL, Homes for sale in Naples fl, homes for sale on Gulf Shore blvd, luxury condos for sale in naples fl, Luxury Condos in Naples Fl, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Gulf Shore Blvd Naples FL Real Estate | No Comments »
Thursday, January 26th, 2012
According to the Research Institute for Housing America, all age groups think that now is a good time to buy. Positive home buying sentiment is measured by the % of households who agree that now is a good time to buy. See the chart to the left…
Is now a good time for you to buy in Southwest Florida? You bet it is!
To search for homes for sale in Naples, Bonita Springs or Estero, FL, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge
Tags: bonita real estate market, Bonita Springs real estate, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a house now, Buying a Southwest Florida home, estero FL real estate market, Luxury golf homes in Naples Florida, Naples FL real estate market, Naples FL real estate sales, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida, Southwest Florida Market Updates | No Comments »
Wednesday, January 25th, 2012
The John R. Wood Realtors’ 2011 year-end market report is now available for your review! Get a comprehensive review of the 2011 Naples, Bonita Springs and Estero real estate markets. In summary, the number of closed sales in 2011 increased 5% over 2010, making it the fourth consecutive year to show an increase and confirming that the market recovery is well underway. Properties priced below $250,000 comprised 62% of the total market, a percentage that has remained consistent since 2009. Properties priced above $1,000,000 reached its highest level since 2007, with 706 closings, up 42% from the 2009 low with 498 closed sales.
Click on the image below for the full Report!
To search for homes for sale in Naples, Bonita Springs and Estero, Florida, click HERE!
John R. Wood Realtors – The Symbol of Local Knowledge!
Tags: 2011 real estate market report naples fl, 2011 real estate report estero, bonita 2011 real estate market report, Bonita Springs, Bonita Springs real estate, Bonita Springs real estate sales, Buying a Bonita Springs home, Buying a Naples home, Buying a Southwest Florida home, Estero, Estero Florida home sales, FLorida 2011 real estate market report, John R Wood Realtors, Naples Florida, Naples FLorida 2011 real estate market report, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Southwest Florida 2011 real estate market report, Southwest Florida real estate sales
Posted in Buying a Naples Florida Home, Naples real estate market, Southwest Florida Market Updates | No Comments »
Tuesday, January 24th, 2012
According to recent reports published by the Naples Area Board of Realtors (NABOR), Annual Pending and Closed Sales Rise
Statistics compiled by NABOR show an increase in overall sales with inventory diminishing in Collier County (excluding Marco Island).
The available inventory declined 17 percent in 2011 with 7,581 available properties compared to 9,145 available properties in 2010. In the under $300,000 market category, the available inventory declined 21 percent to 3,771 properties in 2011 compared to 4,763 properties in 2010.
Every market category showed sale increases in both pending and closed sales with the largest increase in the $1 million and above categories.
The 2011 report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. An overall summary combines the statistics for both single family and condominium properties. The statistics are presented in chart format, along with the following statistics:
- Single family pending sales increased 5 percent with 5,162 contracts in 2011 compared to 4,896 contracts in 2010.
- Condo pending sales increased 11 percent with 4,908 contracts in 2010 compared to 4,422 contracts in 2010.
- The overall median closed price over $300,000 increased 2 percent to $550,000 in 2011 from $540,000 in 2010.
- The 2011 fourth quarter report showed overall pending sales for the 12 months ending December 2011 increased 8 percent to 10,071contracts compared to 9,319 contracts for the same 12 months of 2010.
- Overall closed sales in the $1 million to $2 million category increased 38 percent with 76 sales in the fourth quarter of 2011 compared to 55 sales in the fourth quarter of 2010.
- Single-family home sales in the $500,000 to $1 million price range increased 13 percent with 90 sales in the fourth quarter of 2011 compared to 80 sales in the fourth quarter of 2010.
- Condo sales declined 2 percent to 793 sales in the fourth quarter of 2011 compared to 808 sales in the same quarter of 2010.
For additional real estate market statistics, click HERE!
John R. Wood Realtors – The Symbol for Local Knowledge
Tags: Buying a Naples home, Buying a Southwest Florida home, Estero Florida home sales, John R Wood Realtors, NABOR, NABOR Dec 2011 market reports, Naples Area Board of Realtors, Naples Florida, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Southwest Florida real estate sales
Posted in Buying real estate in Naples Florida, Market Updates | No Comments »
Monday, January 23rd, 2012
The John R. Wood Realtors’ December 2011 Market Reports are here! Our market reports cover Naples, Estero and Bonita Springs, Florida. As you’ll see from the reports, 2011 was a good year for Southwest Florida real estate! The number of closed sales increased in all price segments with the exception of those properties above $5 million, which remained stable.
To see the full reports, click on the links below! Don’t forget to look at our December 2011 Neighborhood Snapshot reports as well!
Market Report December 2011
Neighborhood Snapshot December 2011
The John R. Wood Realtors’ marketing research department brings Southwest Florida the most up-to-date research and real estate statistics available! Be sure to visit our site to see all of our archived market reports!
Tags: Bonita Bay homes for sale, Bonita Springs real estate, Bonita Springs real estate market report December 2011, Bonita Springs real estate sales, Buying a Southwest Florida home, Dec 2011 Real estate market report Naples, Estero FL market report December 2011, John R Wood Realtors, Luxury golf homes in Naples Florida, Naples Florida real estate, Naples Florida real estate sales, Naples luxury real estate, Naples real estate sales, Real Estate market report December 2011 Estero, Southwest Florida real estate Market report December 2011, Southwest Florida real estate sales
Posted in John R. Wood Realtors Inc. Real Estate Market Report, Naples Florida Real Estate Market Report, Southwest Florida Market Updates | No Comments »
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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.
