Archive for October, 2009

Home prices stay about the same in Lee

By Dick Hogan  News Press
Search properties in Bonita Springs & Estero
ome prices stayed almost the same in September in Lee County while the pace of sales picked up, according to statistics released Friday by the Florida Association of Realtors.  The median price of a single-family-home resale in September in Lee County was $89,700 — less [...]

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Mediterra members reach agreement with Bonita Bay Group to buy golf club

Naples News By Laura Laydan
Rich Schmidt acted Friday like he’d hit a hole-in-one.  The chairman of the Mediterra Advisory Board announced that a deal finally had been struck for members to buy their golf club from the financially strapped Bonita Bay Group.  “It’s a good day,” he said.  The agreement comes after months of negotiations [...]

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Historic Naples building about to receive a makeover

A cheese shop once called the building home.
So did a movie theater, a library and some even say it’s the original home of Naples City Hall.
Now the historic building, 1148 Third St. S., sits empty, filled with dust, dirt and memories of years gone by.
That could change soon, as contractors begin work on renovating the [...]

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U.S. home sales beat forecast, rise 9.4 percent in September

Home resales rose in September to the highest level in more than two years, beating expectations, as buyers scrambled to complete their purchases before a tax credit for first-time owners expires.
The National Association of Realtors said Friday that sales rose 9.4 percent to a seasonally adjusted annual rate of 5.57 million in September, from a [...]

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Report: Naples’ home values will continue to drop (26 percent projection)

By LAURA LAYDEN  Naples News
NAPLES — Local Realtors are questioning a national report that predicts home prices will drop nearly 27 percent in the Naples-Marco Island market by June.
A forecast by Fiserv, a financial information firm, shows home values dropping in 342 out of 381 markets around the country, according to a story posted on CNNMoney.com.
The story [...]

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Lee median home price drops to $89K, sales soar in September

The median price of a single-family-home resale in September in Lee County was $89,700 in Lee County — 37 percent off $141,400 a year earlier, according to statistics released today by the Florida Association of Realtors.  Meanwhile, the number of homes sold increased 77 percent in the same period from 746 to 1,321.
In Charlotte County, [...]

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Feds to help finance mortgages

he Obama administration on Monday unveiled a new program to help state and local housing finance agencies make more home loans, but some Lee County experts say the program should proceed with caution.  The plan will help the agencies finance mortgages for first-time homebuyers and develop rental housing.
The agencies have had a hard time raising [...]

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Housing booming: Naples area Realtors report large increase in home sales from July to September

It just keeps getting better.
The Naples Area Board of Realtors released its third-quarter statistics today, and the figures suggest the local real estate market continues to rebound. For the months of July, August and September, overall closed sales numbered 1,821 units, an increase of 55 percent over the third quarter of 2008.
Overall pending sales numbered [...]

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Fort Myers area home resales up 120 percent

Naples News
Homes resales are up nearly 120 percent year-to-date in the Fort Myers area.
From January to September, 12,526 single-family homes sold. In the same months last year, there were 5,727 sales, according to the Realtor Association of Greater Fort Myers and the Beach Inc.
In September, sales rose 56.7 percent. There were 1,185 homes sold. [...]

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House smells due to Chinese drywall? Not a problem, say some investors

Naples News By Tara McLaughlin
Investors have discovered a new market in the latest blow to homeowners and the building industry — houses built with Chinese drywall.
About 30 homes disclosed to contain the noxious drywall sold in Lee County this year.
Experts say the trend is likely to continue as sales close for about half their [...]

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