Courtesy of Naples News
Naples News, Dave Osborne
View 4th quarter 2009 real estate statistics. Rising Sales & Declining Inventory.[...] Read More
The buying goes on. Home resales rose again in November in the Naples market. There were a total of 511 sales, up from 307 in the same month a year ago, according to a monthly report by the Naples Area Board of Realtors.
The report tracks sales made through the SunshineMLS, or multiple listing service, in Collier County, excluding Marco Island. The strongest sales continue to be in the under $300,000 market. There were 367 sales made in this category last month, up from 218 a year ago.
Naples News By Tara McLaughlin
Wall Street Journal By Nick Timiraos
New data suggest that foreclosures are rising in more expensive housing markets.
About 30% of foreclosures in June involved homes in the top third of local housing values, up from 16% when the foreclosure crisis began three years ago, according to new data from real-estate Web site Zillow.com. The bottom one-third of housing markets, by home value, now account for 35% of foreclosures, down from 55% in 2006.
Naples News By LAURA LAYDEN
News Press By Dick Hogan
Investors also help drive home sales
Mike Lashbrook and his wife, Denise, rented and watched for two years before finally buying a house at today’s bargain prices.
It was well worth it, said Lashbrook, 42, who moved here from Fort Lauderdale to take a job with Gartner Group in Gateway.
He’s one of many first-time buyers who are snapping up homes in Lee County and driving a sales pace close to twice what it was a year ago, experts say. The Florida Association of Realtors released statistics Thursday showing 1,252 existing single-family homes in the county were sold in August with the help of a Realtor — down from a record 1,570 in July but 83 percent more than the 684 in August 2008.
Wall Street Journal By William Bulkeley
Bonita Bay Group, once a premier developer of upper-crust golf communities in this upper-crust town, is on the verge of collapse. The company says it will be forced to file for bankruptcy if it has to refund $245 million in golf-club membership fees some homeowners are demanding, in a battle that’s pitting residents against each other and against the company that sold them lavish dream homes during the height of the boom.
BY NANCI THEORET Florida Weekly
Realtors and industry experts in Southwest Florida say we may be finally looking in the rear-view mirror as sales numbers rise in Collier, Lee and Charlotte counties and prices continue to plummet to a 10-year low.
H. Shelton Weeks, the Lucas Professor of Real Estate in the Lutgert College of Business at Florida Gulf Coast University, believes the bottom is near — give or take a few thousand dollars.
As the housing market shows signs of stabilization, home buyers are seeing their leverage over sellers dissipate, according to a new report from Zillow, a real estate information service. The report found that, nationally, buyers paid an average of 3.3 percent—or about $7,000—less than final listing prices in July, which is a substantially smaller bargain than the 4.6 percent—or $10,260—discounts they landed in January. “The strong summer selling season in 2009 has led to a decreasing difference between the last listing price and final sale price,” Stan Humphries, Zillow’s , said in a news release issued Wednesday. (more…)
Bill and Caryn Schuman requested one thing for their residence in Bay Colony. Sure, they were sold on 18th floor views of the rolling green of Pelican Bay Golf Course to the east and calm waters along the Gulf of Mexico to the west. The 3,500-square-foot-condo was dreamy and spacious.
What grounded the purchase and subsequent build-out, however, was a desire to link with the world beyond Southwest Florida.
“He’s an attorney, and he’s able to be here more because of his wired home office that keeps him in touch with his Chicago office and his clients,” says Jenny Carter, president and principal designer of K2 Design Group.
“One of Caryn’s top priorities was making sure that the study was a fully functional environment for getting down to business,” Ms. Carter adds. “And in the living room, she was as concerned with electronics as she was with décor.”