Foreclosures Sales Price to List Price in Naples

March 11, 2009

A frequent question asked in today’s real estate market is “How much will a lender or bank discount the list price of a foreclosed single family home which they own in the Naples area?”
One individual stated that banks are selling these properties with a discount of 25% from the list price or 75% of the [...]

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Naples Home Market Update

March 10, 2009

During the month of February 2009 a total of 228 homes were sold with a median sold price of $211,300 for the Naples area.
The number of homes sold when compared with February 2008 shows an increase in sales volume of 85 homes or roughly 59.4 percent.
The February 2009 homes sold also represents an increase over [...]

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Why buy Naples real estate now

January 28, 2009

Jim Cramer: Florida Raises Hope for U.S. Real Estate
It appears that Jim Cramer thinks that Florida is the model for the nation’s real estate market. He thinks that Florida was the first state to feel impact of the real estate bubble and now after 2 years it has bottomed out with the rest of the [...]

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Why Naples Real Estate is Undervalued

October 20, 2008

On September 19, CNBC did a story on the “Finding Housing’s Market Basement” where Richard Dekaser, a senior vice president and chief economist at National City Corp., singled out Naples in talking about the “first rays of sunshine on a possible end to the housing crisis.”
“Three years ago, the poster child for excess valuation in [...]

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Naples Condo Inventory

October 17, 2008

The number of Naples condominiums available for sale at the beginning of October was 4716. The absolute number of listings increased by 41 condos over the 4675 listings at the beginning of September. Therefore, the months of inventory remained stable at 29 months. Viewing the months of inventory for the 12 month moving average trend [...]

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Naples Homes Inventory

October 15, 2008

The actual number of Naples homes for sale remained level from September to October, with fewer homes for sale by 3. The total available homes was 5247 in September versus 5244 in October. However, due to the level of closed sales the months of inventory for Naples homes for sale has decreased one month from [...]

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Fed Rate Drops .5 Percent

October 8, 2008

In a surprise move, the Fed slashes rates by 50 basis points today.
How will this effect interest rates on mortgages?
Federal Reserve cuts in the federal funds rate have an unpredictable impact on long-term mortgage rates. So it’s impossible to know for sure when — or even if — rates will fall as a result of [...]

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Naples Condo Market Update

September 10, 2008

August Naples Condo Activity:
Listings:
During the month of August 458 Naples condominiums were listed for sale. For the same month in 2007, 560 condominiums were listed for sale; this represents a decrease of 18.2 percent. The decrease from 2006 was 32.7 percent from the 680 new listings.
In July 2008 there were a total of 499 condominiums [...]

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Naples Home Market Update

September 10, 2008

Prior to presenting the analysis for August we need to reflect on the events which took place last August 15 – the sub-prime and liberal loan programs came to a screaming halt along with liquidity issues for lenders lasting for a couple of months. The result was a further weakening of already weak real estate [...]

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Hurricane Ike Update

September 7, 2008

Hurricane Ike’s cone is still showing it is tracking to south and west. For the Naples, Bonita Springs and Estero areas of Florida it means the center of the storm may pass within about 200 miles of the coastline which disminishes the chances of the area feeling the full brunt of Ike.
The track towards the [...]

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