There is no additional cost to you for having a Realtor represent your interests. In fact, the buyer will usually save a substantial amount of money.
A builder usually includes a sales commission reserve in the marketing budget. This is because the majority of buyers are introduced to the builder by Realtors. If a buyer does not use the independent services of a Realtor, the builder will usually credit their salesperson with a higher commission or retain the savings.
- The builder salesperson is paid by the builder and represents the builder.
- A Realtor represents the buyer independently as the buyer advocate.
- Usually the builder salesperson will say that certain pricing is firm.
- A Realtor with experience can help the buyer negotiate better terms by using current market data.
- A Realtor can provide the buyer with objective and independent sources of information pertaining to contract review, construction, inspections, insurance, financing, title closing, etc.
FIDDLER’S CREEK
Stock Construction has announced they will be building single family homes in the three neighborhoods of Isla del Sol, Mahogany Bend, and Majorca. Isla del Sol will have 34 homes in a French Riviera theme with prices starting at $one million +. Mahogany Bend will have 53 homes with prices starting at $714,990. Majorca will have 19 homes and prices starting at $599,990. Fiddler’s Creek is located in Naples minutes from Marco Island and offers amenities comprised of a 54,000 sq. ft. Club & Spa, resort pools, tennis, golf, marina, restaurants, and beach access. ***Contact David at (239) 285-1086 for floor plans, a private tour, and community/membership fees.
THE COLONY GOLF & BAY CLUB
WCI Communities has began construction of Terzetto at the Colony. Terzetto consists of three condominiums per building, with 2,100 – 2,624 sq. ft. of living area. Prices start at the high $400,000s. The Colony Golf & Bay Club is located in Bonita Springs with amenities that include a 34-acre island beach park, The Bay Club restaurant overlooking Estero Bay, a Sports Club, and championship golf. ***Contact David at (239) 285-1086 for floor plans, a private tour, and community/membership fees.
QUAIL WEST
Stock Development has purchased the remaining 100 + lots in Quail West and is offering five neighborhoods. Escala is a villa community, built by Stock Construction, with prices from the lower $600s. La Caille is comprised of villas by McGarvey Custom Homes with prices from the lower $800s. Tamworth is being built by Stock Construction, Castle Harbour, and Florida Lifestyle Homes of Fort Myers. Prices begin at the high $600s. Newlands is also being built by Stock Construction, Castle Harbour, and Florida Lifestyle Homes of Fort Myers with prices starting at the high $600s. Custom Estate Homes with pricing from $1.8 million – $7 million+ are available from Robert D’ Angelo Jr. Custom Homes, Stock Construction, Diamond Homes, London Bay, McGarvey Custom Homes, Imperial Homes, and Fox Custom Homes. Quail West of Naples is comprised of 2 Arthur Hills designed championship golf courses, 70,000 sq. ft. clubhouse with spa and fitness center, and beach club. ***Contact David at (239) 285-1086 for floor plans, a private tour, and community/membership fees.
BONITA LAKES
Toll Brothers has just opened Bonita Lakes. Floor plans from 2,058 – 4,354 sq. ft. are available. Single-family homes include impact glass, natural gas, stainless steel appliances, and screened lanai. Pricing begins in the low $300,000s – $500,000s. Amenities offered are tennis courts, pools, and community clubhouse with a fitness center. Bonita Lakes is located in the Bonita Springs/Estero market area. ***Contact David at (239) 285-1086 for floor plans, a private tour, and community fees.
Moorings beachfront condos
PENDING HOME SALES INCREASE 12 PERCENT THIRD QUARTER
Naples, FL (October 19, 2012) – A 12 percent jump in overall pending sales marked the third quarter of Naples Area real estate, as compared to the third quarter 2011. In addition, overall pending sales for September 2012 increased 22 percent compared to September 2011, 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 Naples area has just moved from a buyers’ market to a buyers’ and sellers’ market with tremendous opportunities for both,” stated Brenda Fioretti, NABOR Media Relations Chairman and Managing Broker of Prudential Florida Realty.
Cindy Carroll, Vice President of Carroll & Carroll Real Estate Appraisers & Consultants stated, “More inventory would be helpful to the market. Resale inventory continues to decline despite the fact that new home building has returned.”
John Steinwand, President of Naples Realty Services commented, “The single family home market is very hot. Pending sales of single family homes in the $500,000 to $ 1million category had a rousing increase of 15 percent from third quarter 2011 to third quarter 2012, and closed sales were up 4 percent for the same time period. The strong activity contributes to the inventory levels falling below 3,000 for single family homes.”
The third quarter report provides quarterly 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 for third quarter 2012 compared to third quarter 2011:
- Overall inventory decreased 12 percent from 7,069 for the third quarter 2011 compared to 6,195 in the third quarter 2012.
- The overall average DOM (Days on the Market) increased 1 percent from 171 days in the third quarter 2011 to 173 days in the third quarter 2012.
- Overall pending sales increased 12 percent from 2,103 pending sales in the third quarter 2011 to 2,362 pending sales in the third quarter 2012.
- The median closed price increased 10 percent from $175,000 in the third quarter 2011 to $192,000 in the third quarter 2012.
- Naples coastal area overall pending sales increased 17 percent reflecting 388 pending sales in the third quarter 2012 compared to 331 pending sales in the third quarter 2011.
The NABOR® September sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:
- Overall pending sales increased 96 percent in the $300,000 to $500,000 category from 67 pending sales in September 2011 to 131 pending sales in September 2012.
- Overall inventory decreased by 12 percent from 7,069 in September 2011 compared to 6,195 in September 2012. Pending sales with contingent contracts are included in the overall inventory number.
- Overall pending sales in the Naples coastal area increased 12 percent from 1,776 pending sales to 1,985 pending sales, and closed sales increased 9 percent from 1,601 closed sales to 1,748 closed sales for the 12-month period ending September 2012.
“In the $500,000 to $2 million price categories for the third quarter, there was an increase in pending and closed sales. The robust third quarter in these price categories is very encouraging,” said Steve Barker, Advising Broker for Naples Realty LLC.
As Brenda Fioretti stated, “Now is the time for sellers and buyers to take action. With interest rates at an all time low and with Naples values increasing, it is a perfect opportunity for sellers and buyers to achieve their real estate goals. Whether you are a seller, first-time homebuyer, investor, second or vacation homebuyer, move-up buyer or someone who has decided that it is time to downsize, it is the time to take advantage of current market conditions and the American Dream of Homeownership.”
To view the entire report, visit www.NaplesArea.com or download the PDF here.
In southwest Florida warm, rainy summer days give way to cooler, drier autumn days. The lovely fall and winter weather makes Florida an ideal place to escape the cold. If you are thinking about buying a home in the Naples/Marco/Sanibel area and wondering about weather patterns, the chart below shows average high temperatures in the high 70s. For more info, see the attached PDF.
Naples Area Weather – Average Temperatures
CNNMoney reported that home prices have been rising, second quarter 2012 showed the first increase in prices since 2007. Stan Humphries, chief economist for Zillow said “The housing recovery is holding together despite lower-than-expected job growth, indicating that it has some organic strength of its own.” In his opinion markets like Phoenix, Las Vegas and many Florida cities, which were hardest hit by the home price decline may show above average gains in the next year. Read the full article at http://money.cnn.com/2012/07/24/real_estate/home-values/index.htm
(As of October 2012)
A basic method used in evaluating home prices is to study total inventory of listings in relation to home sales for the past 12 months. The theory is that if the sum total of homes for sale exceeds the most recent 12 month sales, a Buyers Market exists. On the other hand, if the total listing inventory is below the recent 12 month sales, a Sellers Market is indicated. A one year (12 month supply) is considered to be “equilibrium”.
Basic supply & demand theory suggests a Sellers Market = escalating prices and a Buyers Market = declining prices.
The October 2012 report “Market Statistics as a Reflection of Supply and Demand” by Carroll & Carroll appraisers indicates the Naples/Bonita Springs area market is becoming a Sellers Market. Of the approximately 45 communities studied, many showed listing inventory has declined to a supply of less than 12 months (increasing prices).
A sampling of communities with less than one year supply of listing inventory:
- Aqualane Shores – houses.
- Olde Naples – houses & condominiums.
- Pelican Bay – houses & condominiums.
- Moorings/Park – houses & condominiums.
- Lakewood – houses.
- Pelican Landing – houses.
- Royal Harbor – houses.
- Saturnia Lakes – houses.
- Imperial Golf Estates.
- Copperleaf at the Brooks – houses & condominiums.
- Shadow Wood at the Brooks – houses & condominiums.
- Spring Run at the Brooks – houses.
- Pelican Sound – houses.
- Lighthouse Bay at the Brooks – condominiums.
Contact me at (239) 285-1086 or David@DavidFlorida.com for a copy of the complete report.
