Naples Real Estate News 02/25/08
FLORIDA HOME SALES - The mortgage credit crunch and a sluggish economy continued to affect the sales pace of existing homes and condos in Florida in January, with a total of 6,737 existing single-family homes sold statewide, a decrease of 28 percent from January 2007, according to the Florida Association of REALTORS. The statewide median sales price for existing single-family homes was $208,600.
For comparison purposes the sale of existing single-family homes in Naples was 111, a decrease of 20 percent, with a median sales price of $450,000. In Bonita Springs 26 homes were sold, a decrease of 16 percent, the median price was $802,500. Estero single-family homes sold were 16, an increase of 23 percent, with a median price of $463,750.
The areas of Naples, Bonita Springs and Estero are performing stronger than the statewide sales volumes.
HOMEOWNERS INSURANCE - State Farm Insurance, Florida’s largest private property insurer, plans to essentially shut the door to the Sunshine State. State Farm Insurance officials told the state last week that the company would essentially stop selling new homeowners policies in Florida.
HOME TRENDS - Because of their style, relative affordability and durability, metal roofs are becoming a popular alternative to asphalt-shingle roofs. Architectural metal roofs in new-home construction reached a projected 30 percent of the market in 2007, up from 23 percent in 2004, according to the National Roofing Contractors Association.
Comments
Got something to say?