A little over two years ago, members took over their beach and golf clubs at Mediterra. A cloud of uncertainty lifted, as club ownership shifted from the financially strapped developer, Bonita Bay Group. It came at a price: Mediterra’s members paid $6.8 million in cash for their clubs and assumed $15 million in debt for a [...]
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Gloomy housing forecast challenged
The Naples area will see the sharpest decline in home prices in the nation next year, according to a report released recently by financial services company Fiserv Inc. That’s a conclusion that is drawing sharp disagreement from other analysts — but all concerned acknowledge that the area’s unusual demographics and diverse housing market make it [...]
Naples real estate market show stability in an uncertain economy
Key indicators such as pending sales, inventory and the median closed price show signs of real estate stability during challenging economic times, 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). Overall pending sales increased 2 percent with 775 [...]
February Real Estate Market Report for Naples, Bonita Springs & Estero Floria
Overall Market Report A Monthly Real Time Analysis of the Naples & Bonita Springs Real Estate Market Signs of recovery plus investors in the market – Sales of existing homes across the nation increased notably during the end of 2010, following an upward trend that had begun in early summer. Lawrence Yun, the chief economist [...]
More SW Fla. homes go for $1 million-plus
The number of luxury homes sold at more than $1 million has increased by 50 percent in south Lee and Collier counties in the first seven months of this year, according to the Sunshine Multiple Listing Service. A total of 443 homes have been sold through July, compared to 295 homes during the same period [...]
