The psyche of buyers in Naples has changed.
So say local Realtors, who report having one of their busiest winter seasons in years.
A year ago, house hunters in the Naples area had more of a wait-and-see attitude. Now, they’re more determined to buy.
“With the sales going up and with the inventory decreasing at the same time, [...]

A satellite-irrigation system that has reduced water use by half at Mediterra will get four times bigger, according to plans.  An 18-month pilot study at the Naples community showed Toro’s IntelliSense system cut water use in half, compared to equivalent properties with traditional timed systems, according to Dennis Cafaro, general manager of Resource Conservation Systems.

The financially troubled developer of Fiddler’s Creek has filed for Chapter 11 bankruptcy, hoping to reorganize with the help of a new $25 million loan.
On Tuesday, Fiddler’s Creek LLC and its affiliates filed for bankruptcy protection in U.S. District Court in Fort Myers. They have $160 million in mortgage debt. On top of that they [...]

Naples Bay Resort is facing foreclosure.
Regions Bank, headquartered in Alabama, has filed to foreclose on a $36 million mortgage for the 20-acre resort development near Tin City in downtown Naples. The action was filed Feb. 18 in Collier County Circuit Court against Basil Street Partners LLC, a partnership that includes well-known Naples developer Jack Antaramian [...]

Naples Area 2010 annual report shows rising sales and declining inventory.
Click to view 2010 annual report
Courtesy of Naplesarea.com

NAPLES — Last week, the Naples Area Board of Realtors reported that the sales of high-end homes are picking up.  Friday, there was more evidence of this when a 6,406-square-foot, waterfront single-family home in Port Royal sold for $9,560,000.  Mark Weber, real estate broker and owner of Whitesands Realty, said the home sold for about [...]

The Club at Mediterra is now officially owned by and under the control of its members, according to a Bonita Bay Group release issued today.  Mediterra is a 1,697-acre community on the border of Lee and Collier counties. It was developed by Bonita Springs-based Bonita Bay Group.
Bonita Bay Group and the Mediterra Members’ Advisory Board [...]

A private buyer has paid $3.2 million in cash for 72 Naples condominium units that had once been apartments, which some real estate agents believe is a bottoming out of prices in a slow market.
The 72 units in The Reserve at Naples, a 300-unit development near Pine Ridge Road and Interstate 75, went for about [...]

Leaves may be falling, but home resales are rising.
In what has traditionally been a slow time for sales, local Realtors say they are writing more contracts and showings are up.
“We are seeing year-round residents purchasing, perhaps those who have not been able to purchase a home before, and we are also seeing seasonal buyers starting [...]

Experts navigating through Collier County’s foreclosure crisis painted a picture Wednesday of a long road ahead with a few signs of relief.
“We’re looking at record foreclosures,” said Jeffrey Ahren, one of the founders of Collier County Foreclosure Task Force. “I don’t know that the number is going to decrease any time soon. We’re maybe not [...]