Welcome to our monthly e-newsletter which we have designed to coordinate with our website and blog at www.previewnaples.com. We hope that you find our sites interesting and we're excited to take real estate technology to the next level.
Please feel free to forward this e-newsletter on to anyone you feel might be interested in the Greater Naples Real Estate Market.
MARKET SNAPSHOT
The general state of the Greater Naples Real Estate Market continues to improve with home sales finally outpacing new listings, something not seen in many, many months.
Bank Foreclosures (REOs) continue to be the 'hot' commodity as investors jump back into the market as well as the lower end buyer looking for their first home. The under $300,000 price point remains hot as inventory levels in that arena continue their decline.
Aggressive seller pricing has helped to move inventory and we expect to see more and more of that attitude as we near the end of season and begin to head into the summer months. Despite the world recession, we are forecasting a busy summer as buyers continue to return to the market.
SALES NOW OUTPACE LISTINGS
NAPLES, Fla.-April 17, 2009- The first quarter of 2009 ends on a high note, as the real estate activity in the Naples area continues to increase, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). The increase in sales indicates that the Naples real estate market is making a comeback. An upward swing in the local market has boosted consumer confidence, attracting buyers who had been cautious due to watching national trends.
Look at the overall statistical data for March by price and area for the Naples Real Estate Market by clicking the link below.
The data is broken down by Overall Statistics, as well as Single Family Homes and Condominiums.
When you get your report, we would suggest increasing the percentage from 85% to 125% for best viewing results. You may save your own copy or print it out.
MORTGAGE MONITOR
TO EVERYTHING (EARN, EARN, EARN)...THERE IS A SEASON (EARN, EARN, EARN)... That's how Pete Seeger and The Byrd's famous 1962 hit, "Turn, Turn, Turn" could be rewritten for the financial markets of late - earnings season kicked off last week, with several reports delivering music to the economy's ears. The week began with the sweet sounds of investment banking giant Goldman Sachs reporting earnings that were much better than expected. More good news from the financial zone followed, with better than expected earnings from JP Morgan Chase and Citigroup. As you can see in the chart below, the financial sector has clearly been helped by the recent mark-to-market discussions and easing of the FASB ruling. In other sectors, big players Google and General Electric also reported earnings that were higher than anticipated.
GET MORTGAGE MONITOR HERE...
TODAY'S MORTGAGE RATES
Mortgage rates are a bargain compared to a few months ago and well worth looking at, whether buying your first home or entertaining refinancing.
TAKING STOCK OF YOUR STUFF
Imagine the nightmare of having your home damaged or destroyed-and then, to make matters worse, imagine trying to recreate and remember all of the contents of your home for insurance and replacement purposes. Many thousands of Americans find themselves in that situation every year. If it happens to you, will you be prepared?
Taking the time to list all of the contents in your home can seem like a very daunting process. But the Insurance Information Institute has now streamlined the process for creating a home inventory list by allowing consumers to download a FREE copy of the "Know Your Stuff" software by visiting www.knowyourstuf.org. The software is very user friendly, only takes a few minutes to download, and all the information entered will be saved on your local hard drive.
30 DAYS TO HURRICAN SEASON - TIME FOR FLOOD INSURANCE
The Atlantic hurricane season starts June 1 - 30 days from now. Since flood insurance takes 30 days to become effective after a homeowner applies, today marks Floridians last chance to get flood insurance by the June 1 debut.
READ THE FULL STORY...
FEATURED LISTING - Vanderbilt Waterfront HomeA boaters paradise in this fabulous new build boasting over 8600 total Sq. ft. You can enjoy a great lifestyle on the largest canal in Vanderbilt with access to the gulf of Mexico just minutes away.
You and your guest will enter the grand foyer, to a lifestyle of serenity that provides comfort and room to entertain family and friends. Catch the morning sun from your balcony, and enjoy the peacefulness and tranquility of the fresh gulf air. Take a morning dip in your private pool, before you pack your picnic lunch for a day of boating on the gulf of Mexico. After a relaxing day on the gulf, you can entertain your guest at the bar,or catch up with friends in your wonderful gathering room. This home offers all the upgrades to include impact glass throughout.
There is plenty of room to entertain your children or grand-children in your recreation room, and plenty of storage for all your toys. Don't miss the lifestyle of Florida's Gold Coast Beaches, Great shopping, and Fine Dining.
$3,950,000
FEATURED COMMUNITY - BAYFRONT
Treviso Bay, a V.K. Development Corporation project on the East Trail
Bayfront real estate is a high-rise development consisting of one, two and three bedroom villa-style condominiums in a mixed use atmosphere. Located directly on the Gordon River, Bayfront is one of the most unique communities in Naples and offers some of the best dining, shopping and and art galleries just an elevator ride away on the lower level.
Bayfront Marina has boating slips available for residents to purchase on a limited basis. The Gordon River gives you access to Naples Bay and the Gulf of Mexico by boat.
From Bayfront it's an easy walk to Tin City, 5th Avenue and all that Olde Naples has to offer.
