2016 Year-In-Review – Naples Florida Real Estate Blog

Source: 2016 Year-In-Review – Naples Florida Real Estate Blog

 

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Holiday Events in Southwest Florida

From new parties to annual parades, Naples and the surrounding area hosts a variety of local holiday events and traditions every year. Whether you’re looking for an entire evening dedicated to Christmas shopping or the best time to bring your children to meet Santa, we’ve rounded up dozens of events to serve as your guide to celebrating the holiday season.


Holiday Lights

Fifth Avenue South - Annual Christmas Walk & Tree Lighting Ceremony - Naples Holiday Events and festivals

On December 1, guests can enjoy the 42nd annual Christmas Walk and Tree Lighting Ceremony on Fifth Avenue, while the Evening on Fifth: Rockin’ & Shoppin’ for the Holidays event features live music, shopping, dining, and dancing on December 8.

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The Naples Botanical Garden’s Night Lights in the Gardenevent will run from December 15-23 and December 26-30and will include live musical performances, family activities, thousands of twinkling lights, and the garden’s newest seasonal exhibit, Origami in the Garden, lit especially for the evening events until 9 p.m.


Holiday Tea

Make-A-Wish Southern Florida’s annual holiday tradition, Tea at The Ritz, will be December 3 at The Ritz-Carlton, Naples, decked out in holiday decor.

Brambles Tea Room will host a special Tales and Tea event on December 8 featuring a storyteller sharing a wonderful story as well as a seasonal tea complete with sandwiches, scones, and pastries including Christmas cookies and a red velvet yule log.

The Marco Island Center for the Arts will host its Beaux Art Holiday Tea, an annual holiday tea party featuring a special performance by Jackie Pierce, on December 15.

Cultural Performances

The Miami City Ballet brings to life George Balanchine’s The Nutcracker December 3 and 4 on stage at Artis—Naples. After winning an epic battle against the dastardly Rat King, Marie and her nutcracker prince set off on an adventure to the Land of Sweets, where they’re treated to majestic balletic sequences set to Tchaikovsky’s iconic score.

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The Florida Everblades Figure Skating Club will present their annual holiday show on December 11 at the Germain Arena. This year’s theme is “Holiday Playlist,” and more than 35 young skaters will perform to medleys from favorite holiday movies.

The Holiday Pops concerts at Artis-Naples are part of an all-new program of holiday classics featuring the Naples Philharmonic Chorus and Youth Chorus. Multiple performances will run from December 15-18.

Shopping

The Corkscrew Swamp Sanctuary’s third annual holiday market on December 12 encourages shoppers to browse for gifts while enjoying demonstrations by local specialty artists featuring paintings, pottery, natural jewelry, nature photography, and more. Guests are also invited to walk the boardwalk and visit the Blair Audubon Visitor Center Tea Room Café for refreshments.

On Christmas Eve, enjoy a festive snow show, complimentary photos with Santa, stories with Mrs. Claus, and strolling holiday carolers while shopping at the Village on Venetian Bay.

For Animal Lovers

istock-185327249Celebrate Christmas Marco Island-style with activities ranging from the Holiday Pets on Parade party on December 6 at CJ’s on the Bay to enjoying cookies and milk with Santain Mackle Park on December 17. The annual street parade on San Marco Road is scheduled for December 17 as well, while guests can enjoy ice-skating at Veteran’s Community Park on December 19. Visit christmasislandstyle.com for more activities.

The Naples Preserve’s annual holiday celebration will take place December 9-11, with each evening featuring musical entertainment, light refreshments, sunset boardwalk tours, and special animal guests.

Meet adoptable pets at the Humane Society’s Santa Paws event on December 13 at the Village on Venetian Bay, or bring your own pups out to meet and take holiday photos with Santa.

During the Winter Fest at the Naples Zoo at Caribbean Gardens from December 16-18, guests can watch as Naples zoo staff deliver gifts to the animals including beautifully wrapped presents and holiday-related delicacies.

On the Water

Southwest Florida’s coast offers plenty of chances to show off merrily decorated watercraft in parades on pleasant tropical evenings.

Naples Bay Christmas Boat Parade, December 10: Best views from Pinchers Crab Shack, Riverwalk Restaurant, Kelly’s Fish House, The Boat House Restaurant, Naples City Dock, and Naples Landings Park. Sponsored by the Marine Industries Association of Collier County, the event’s proceeds benefit the Ricky King Foundation.

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Marco Island Christmas Island Style Boat Parade, December 10: Best views from The Esplanade on Smokehouse Bay and Snook Inn on the Marco River.

Village on Venetian Bay Boat Parade, Naples, December 13: Best views from Bayside Seafood Grill, Fish restaurant, The Pub, M Waterfront Grille, and MiraMare. T-Michael’s has views from indoors. Bonus: Enjoy live entertainment, face-painting, a snow show, and Santa Claus.

Bonita Springs Christmas Boat Parade, December 10: Best views at Riverside Park along the Imperial River, the U.S. 41 Bridge, and the Imperial River Boat Ramp. Views from homes along the river are especially ideal.

More Celebrations

Christmas at Palm Cottage - The Naples Historical SocietyDon’t miss the quintessential Naples holiday experience—the annual Christmas at Palm Cottage. “This year’s tour reflects a more sincere presentation of what the holidays back in the day would look like,” says Naples Historical Society Executive Director Elaine Reed. The historic halls will be decked with charming, finely detailed decorations. Reed recommends booking tours online for $13 a person, as space is limited.

Naples’ 2016 Christmas Parade will be held December 6, and will line up on Broad Avenue. The floats will turn right onto Third Street South, right onto Fifth Avenue South, and end on Eighth Street South.

The Jewish Federation of Collier County will host their Seventh Annual Community-wide Chanukah and Menorah Lighting Celebration December 26 at Mercato. Preschool and Religious School children will perform and the Naples Klezmer Revival Band will provide live music.

The Seventh Annual Marco Island Community Chanukah Celebration will take place December 29 at the Jewish Congregation of Marco Island. This family-friendly event will feature Chanukah music, a candle lighting ceremony and lots of holiday spirit.

Source:  Naples Illustrated

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MONTHLY MARKET REPORT FOR SEPTEMBER 2016

Naples / Bonita Springs / Estero / Marco Island Market Area

Click for Full Report
Click for Full Market Report, September 2016

 

 

 

 

 

 

NAPLES, BONITA SPRINGS/ESTERO

Closed Sales

  •   During the 12 months ending September 30, 2016, the Naples/Bonita Springs and Estero market had a total of 11,578 closings, 14% lower than the prior 12-month period when there were 13,388. The largest sales declines were in the price segments below $250,000 (-25%) and above $5 million (-31%). (Ex 1a)
  •   Year-to-date closed sales for Naples/Bonita Springs and Estero were 8,928 at an average price of $522,404 vs. 10,443 at an average price of $527,022 YTD 2015. This represents a 15% sales pace reduction from last year, with pricing stable.
  • Closed sales priced above $2 million year-to-date fell 24% for the Naples/Bonita Springs and Estero market, when compared to the same period in 2015. Over the past 12 months, sales in this price category are down 17% (387 vs 469).New

Listings/Inventory

  •   Available inventory on October 1, 2016 for the Naples/Bonita Springs and Estero markets consisted of 6,081 units, up from 5,839 units last month and an increase of 43% over October 1, 2015.
  •   During the 12 months ending September 30, 2016, there were 19,974 new listings added to the Naples/Bonita Springs and Estero market which is 7.6% more than the same period in 2015. (Ex 1a)

Average and Median Sales Price

  •   Average price of closed sales in the Naples/Bonita Springs and Estero market during the month of September was slightly lower year-over-year, while median closed price is up 5%.
  •   Average price of sales above $2 million fell 3.6% over the past 12 months, from $3,876,415 to $3,736,205. The decrease in the number of sales above $5 million likely impacted this average.

 

MARCO ISLAND

Closed Sales

  •   During the 12 months ending September 30, 2016, the Marco Island area had 844 closings, down 15% from the same period last year where there were 994 closings. (Ex 1b)
  •   Year-to-date Marco Island recorded a total of 667 closed sales at an average price of $694,049 vs. 805 sales YTD 2015 at an average price of $707,234.

New Listings/Inventory

  •   Available inventory on October 1, 2016 for the Marco Island market consisted of a total of 640 units compared to 622 units last month.
  •   During the 12 months ending September 30, 2016, there were 1,513 new listings added to the Marco Island
    market. This represents a 10% increase over the same period last year when there were 1,372 new listings added. (Ex 1b)Average and Median Sales Price
  •  Average price of closed sales in the Marco Island market during the month of September showed no change year-over- year, while the median pricing was up 4% from the same period last year.*Marco Island statistics are obtained from the Marco Island MLS system and include only those sales and current listings on Marco Island and Key Marco.

Visit Naples.House for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island.

 

 

Saving to Buy a Home? Do You Know the Difference Between Cost & Price?

As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.

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Saving to Buy a Home

Many economists have pointed to Brexit (Britain’s exit from the European Union) as a reason that interest rates will remain low for the next few months. But Trulia’s Chief Economist Ralph McLaughlin warns that this will not always be the case in a recent post:

“While the departure of the UK from the European Union has driven down the 10-year bond, and thus mortgage rates, we expect them to rebound later in the year as uncertainty over the economic consequences of the departure lifts.”

The Mortgage Bankers Association (MBA), the National Association of Realtors (NAR) and Freddie Mac all project that mortgage interest rates will increase by close to a full percentage point over the next twelve months.

According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.3% over the next 12 months.

What Does This Mean as a Buyer?

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Cost of Waiting to Buy a Home

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.3% predicted by CoreLogic over the next twelve months:

 

 

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Labor Day Weekend in Southwest Florida

The lineup of things to do in Southwest Florida each week proves that we are an area offering a diverse cultural experience.  Contrary to popular belief, our community consists of more than retired seasonal residents and native full-timers.  We are an accumulation of well-traveled and successful young professionals, established businesses owners, CEO’s, growing families, foreigners, and yes the elite and rightfully retired, among many other types.   

This diversity in our population demands a sophisticated cultural experience along with a workforce willing to make it all possible.

Proving that we are a true paradise not just for the beaches, our calendar of events for Labor Day Weekend offers something unique and fun for everyone.  On Labor Day, we send our best to all the hard working folks that call Southwest Florida home whether for a week, a month, or year round.  It’s the contributions of everyone that makes this such a magical place to live and why we have such an entertaining schedule of things to do this Labor Day weekend in Southwest Florida.  Enjoy!

 

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Visit Naples.House for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island.

 

Courtesy of John R. Wood Realtors

Source: Labor Day Weekend in Southwest Florida

Downtown Bonita Springs & Longitude

Downtown Bonita Springs

This Week in Southwest Florida Real Estate we visit downtown Bonita Springs where $18.6 million in improvements and redevelopment are taking shape to become an industrial arts district with new commercial and residential spaces that include a new 48 unit condominium, Longitude.  Visit the link to learn more.

Source: Episode 9: Downtown Bonita Springs & Longitude

Longitude

 

Visit Naples.House for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island.

 

Video Courtesy of John R. Wood Properties

Lee Health Village

Lee Memorial Health System has revealed exterior design plans of its highly anticipated Lee Health Village at Coconut Point.  The 150,000-square-foot, free standing emergency facility and outpatient services center is being built on a 30 acre plot of land off of Coconut Road in Estero and is expected to open in 2018.

Lee Health Village
Lee Health Village

“We want to give the community an early look at our conceptual renderings as we  move into design development. We will continue to refine the exterior architectural developments and landscaping plans,” says Suzanne Bradach, System Director of Special Projects. The final design will be submitted to the Village of Estero Planning & Zoning Board and its Design Review Committee for approval.

Emergency care has become a growing concern for residents and visitors of South Lee County.  Lee Health Village at Coconut Point is a welcome solution to providing medical care close to home. For more information please visit www.leememorial.org or contact 239-343-4805.

Lee Health Village Screen Shot 2016-07-26 at 9.54.34 AM

 

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48 Ways to Speed a House Sale

Olde Naples Home for Sale
Olde Naples Home for Sale

                                                                  There are things a homeowner can do to help speed a house sale.  I advise my sellers on the following ways to assist me in the sale of their home.

[pdf-embedder url=”https://secureservercdn.net/166.62.110.90/d1c.d83.myftpupload.com/wp-content/uploads/2016/07/infographic_july2015-House-Sale.pdf”]

Info-Graph reprinted with permission Florida Realtors.  All rights reserved.

 

I would be pleased to assist you with the sale of your home, or visit Naples.House for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island!

Home Remodeling Projects with the Biggest Returns

Home Remodeling Projects with the Biggest Returns

The hot and slower summer months in Southwest Florida give many of us the opportunity to catch up on personal projects, revamp business models, and perhaps even tackle a few home remodeling projects.  If the latter is you, be sure to consider which renovations will give you the best bang for your buck, especially if you have any future plans to sell your home.

The following info-graphic offers a general idea of how much certain jobs may cost, and what you can expect in terms of return on investment at the time of sale.[pdf-embedder url=”https://secureservercdn.net/166.62.110.90/d1c.d83.myftpupload.com/wp-content/uploads/2016/06/RemodelInfographicIllustration.pdf”]

If you’ve thought about selling your home and just aren’t sure where to start, contact me for a home consultation.   I can prepare comparative home valuations which will show how your home stacks up in the current Southwest Florida real estate market.  Once you’re equipped with the approximate market value of your home – you can better assess what home improvements would be beneficial for creating a quicker and more profitable sale.

Reprinted with permission Florida Realtors. All rights reserved.

 

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Things to do in the Naples Area this Weekend

Things to do in the Naples Area this Weekend

Things to do in the Naples Area this Weekend

Things to do in the Naples Area this Weekend – The weekend is rolling in once again and – even more good news – there are plenty of  things to do in the Naples area this weekend.

 

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Visit Naples.House for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island!