Naples Area is Famous for It’s Golf

Screen Shot 2015-10-05 at 9.00.58 AMNaples Area Golf 

The Naples area is famous for its golf, and that point is definitely not lost on the professional tour players. Many of the pros have a primary or secondary home in the Marco/Naples/Bonita area, including Peter Jacobsen, Rocco Mediate, Scott Hoch, Chip Beck, John Harris, Wayne Levi, Mark Lye, Fuzzy Zoeller, Kris Tamulis, and others.

Each year, more pros purchase homes after experiencing Naples by playing in the Champion’s Tour Ace Classic and The Shark Shootout, hosted by Greg Norman. They then come home to work on their game with their instructors. Top 100 teachers such as David Leadbetter, Rick Smith, Dr. Jim Suttie, and Tom Patri have academies in the Naples area.

Other sports celebrities have also found their home in paradise, such as Larry Bird, Mike Ditka, Dr. Jack Ramsey, Ara Parseghian, Dave Wannstedt, Chuck Noll, Mary Carillo, and Johan Kriek. This is by no means ALL of them, but it shows the desirability of Southwest Florida for celebrities who can choose to live anywhere.

For the most informative golf site in SW Florida with extensive info on golf club communities as well as golf course statistics visit TeeUpFlorida.com.  Here you will find

  • The Perfect Course for You
  • Membership Fees and Alternatives
  • Course Yardage, Slope & Rating
  • Course Architects and Descriptions
  • Information for Buying in a Golf Community
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TeeUpFlorida.com

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Housing Outlook for 2016: Expect Change

Housing Outlook for 2016: Expect Change   While change is coming to the mortgage market, Freddie Mac says in its 2016 housing forecast that it’s too soon to tell whether marketplace lending is the next Uber or just another flash in the pan.

Home in Quail West
Quail West CC. Home,  Naples FL

“The current generation of marketplace lenders all may fail in the next economic downturn,” says Sean Becketti, Freddie Mac’s chief economist. “Regulators may impose higher standards on marketplace lenders. The cost advantages of marketplace lending may not extend to mortgage lending.”

But Becketti says the new year will undoubtedly bring changes: “Innovation is difficult to stop. New startups will look for ways to improve upon current marketplace lending business models. Large bank lenders may incorporate the most successful of the marketplace lending innovations. It’s difficult to say where all this will lead, but one prediction is indisputable. Expect change.”

Here are five more predictions for 2016 from the mortgage giant:

  1. The 30-year fixed-rate mortgage will likely average below 4.5 percent for 2016 on an annualized basis.
  2. Mortgage rates will gradually move higher posing an affordability challenge. But expect a strengthening labor market and pent-up demand to carry momentum into 2016.
  3. Home prices will likely moderate slightly to 4.4 percent in 2016, driven in part by the reduction in home buyer affordability and reduced demand as a result of Fed tightening.
  4. But industry activity will grow in 2016 despite monetary tightening. Expect total housing starts to increase 16 percent year-over-year and total home sales to increase 3 percent.
  5. While home purchases will increase next year, higher interest rates will reduce the refinance volume pushing overall mortgage originations lower in 2016 than in 2015.

Source: Freddie Mac

 

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Fine Arts & Culture

Artis – Naples, Fl

Fine Arts & Culture –

 

 

Over the past decade, the arts have transformed Southwest Florida into one of the state’s most cosmopolitan areas.  Audiences delight in our performing arts scene where talented actors, dancers and musicians bring life to Broadway favorites and new plays at Artis-Naples,, the Barbara B. Mann Hall, and intimate community playhouses.  Fine arts lovers will enjoy a host of exceptional galleries and studios.  The galleries are bursting with brilliant renderings of the picturesque local environment, unique wildlife, and breathtaking sunsets.  In addition to the natural selections, you’ll find a wide variety of modernism, cubism, impressionism, and abstract arts.

ARTIS – NAPLES
(239) 597-1900
5833 Pelican Bay Boulevard, Naples
ArtisNaples.org
Artis-Naples is the premier performing arts hall in Southwest Florida.  It is the home to the Naples Philharmonic, an 85-piece chamber rochester; The Naples Philharmonic Chorus, and The Baker Museum.  It hosts more than 400 events a year including world-class dance, opera, classic and popular music, and Broadway musicals.

BARBARA B. MANN
(239) 481-4849
8099 College Pkwy., Fort Myers
BBMannPAH.com
The Barbara B. Mann Performaning Arts Hall offers Broadway touring theater, dance, and musical performances.  IT is located on the campus at Edison Community College.  It offers entertainment of all kinds, from Broadway plays to comedians and musicians.  The Hall is perfect for weddings and receptions!

CALUSA NATURE CENTER AND PLAANETARIUM
(239) 275-3435
3450 Ortiz Avenue, Fort Myers
CalusaNature.org
Calusa Nature Center and Planetarium offers visitors keen insight on Southwest Florida’s natural history. Daily educational programs allow visitors an up0close and personal view of some of the area’s wildlife.e  The stars are always in line for an adventure to the only planetarium south of Bradenton and west of Miami.

CENTER FOR THE ARTS OF BONITA SPRINGS
(239) 495-8989
26100 Old 41 Road, Bonita Springs
ArtCenterBonita.org
The Center for the Arts provides year round programs in many disciplines for all who wish to learn, study or simply appreciate a wide variety of art and cultural events.

COLLIER COUNTY MUSEUM
(239) 252-8476
3301 Tamiami Trail E., Naples
CollierMuseums.com
Learn about mastodons an fierce saber cats, Calusa and Seminole Indians, and the rugged pioneers who settled one of America’s last frontiers at the Collier County Museum.  Visitors will enjoy five acres of native gardens, two early Naples cottages, swamp buggies, and a logging locomotive.

EDISON & FORD WINTER ESTATES
(239) 334-7419
2350 McGregor Blvd., Fort Myers
EdisonFord/WinterEstates.org
In Fort Myers is the winter home of Thomas A. Edison, the inventor of the lightbulb.  He called this home the “Seminole Lodge” and he used it as his winter retreat and workshop.  This site includes the original rubber laboratory and lush botanical gardens containing over a thousand varieties of plants imported from all over th world.  Edison’s close friend, Henry Ford, joined him in Florida, and they soon became next door neighbors.  These two winter estates encompass 17 acres of riverfront, and visitors can enjoy touring the homes and grounds

HOLOCAUST MUSEUM OF SOUTHWEST FLORIDA
(239) 263-9200
4760 Tamiami Trail N., Naples
HolocaustMuseumSWFL.org
To promote respect and understanding by teaching then history and lessons of the Holocaust through collecting artifacts, providing educational programs and activities to students and presenting general public programs highlighting elements of our collection and stories related dot the Holocaust and other genocides.

NAPLES PLAYERS AT SUGDEN COMMUNITY THEATRE
(239) 263-7990
5th Avenue South, Naples
NaplesPlayers.org
This long running community theater troupe presents an average of eight productions a year in one of Florida’s finest community theater facilities.

PALM COTTAGE
(239) 261-8164
137 12th Avenue South, Naples
NaplesHistoricalSociety.org
Palm Cottage in Old Naples is a prime example of a 19th-century south Florida home.  The historically accurate interior contains the simple furnishings of the period.

SOUTHWEST FLORIDA MUSEUM OF HISTORY
(239) 321-7430
2031 Jackson Street, Fort Myers
SWFLMuseumOfHistory.com
The Southwest Florida Museum is one block north of Martin Luther King Jr. Blvd. in historical downtown Fort Myers.  Here you will find the history of the Southwest Florida Palio-Indians, Calusa, Seminoles, Spanish explorers, and early settlers.  An authentic replica of a pioneer “cracker” home in on display as well as an extensive artifacts collection.

THE BAKER MUSEUM
(239) 254-2620
5833 Pelican Bay Boulevard, Naples
ArtisNaples.org
The visual arts center providing in-depth exhibitions of world-class artwork,, includes a three0story 30,000-square foot museum with 15 galleries, a glass dome conservatory, entrance gates by renowned metal artist Albert Paley, spectacular chandeliers, and a Persian ceiling by acclaimed glass artist Dale Chihuly.

VON LIEBIG ARTS CENTER
(239) 262-6517
585 Park Street, Naples
NaplesArt.org
Located adjacent to Cambier Park in Old Naples, the Center features American art from the 1950s forward with various exhibitions, classes, lectures, and special exhibits.  Look for ongoing special events.

 

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How Will Higher Rates Affect Housing?

Naples, FL Home
Naples, FL Home

Time is ticking: The Federal Open Market Committee is less than a week away from what most analysts predict will be a vote to raise the federal funds rate for the first time since June 2006. An uptick in the federal funds rate would then prompt interest rates to move higher.

Some housing analysts say just the anticipation of the rate hike is already affecting the housing market.

“The housing market’s capacity for existing-home sales is declining with the expectation of a Fed rate increase pre-adjusting mortgage rates and causing a slowdown in house price appreciation,” notes Mark Fleming, chief economist at First American Financial, in a new report on the fourth quarter Real Estate Sentiment Index. “Market capacity remains modestly in excess of actual sales due to leverage-assisted housing asset inflation, which is home price appreciation fueled by low mortgage rates. Rising mortgage interest rates and moderation in house price appreciation were the most important market fundamentals that reduced market capacity this month. Now that interest rates are pre-adjusting in response to signals from the Fed for a highly expected increase in December, demand is also declining.”

A 25-basis point rise in the 30-year fixed-rate mortgage, for example (which was at 3.93 percent for the week ending Dec. 3), would likely slow home appreciation by 1 percent more than expected without the rate increase, Fleming says. He also predicts that existing-home sales would then slow by about 2.5 percent on annualized and seasonally adjusted basis, a decline of less than 150,000 sales a year.

“The housing market isn’t doomed by a Fed rate increase, but demand would fall modestly,” Fleming maintains.

Just how big of an impact could it have to potential home shoppers’ wallets? Forbes.com cites an example of a 30-year fixed-rate mortgage with a 10 percent down payment on a $350,000 home at 4 percent will cost home purchasers about $1,503.86 per month plus taxes, home owner’s insurance and Private Mortgage Insurance. That same 30-year fixed-rate mortgage with a 4.5 percent interest rate will cost a home buyer $1,596.06 per month – an extra $92.20 per month or $33,191.54 over the 30-year life of a mortgage. If rates rise to 5 percent the costs will jump to an extra $184.40 per month and $66,383 over the 30 year life of the loan.

Despite the uptick in rates, “expectations for future home ownership demand remain positive, despite changing market conditions,” Fleming notes.

The First American report showed that interest rates would need to reach 5.1 percent before significantly influencing the volume of residential transactions.

Source: “What Will the Looming Fed Rate Hike Do to Housing?” HousingWire (Dec. 9, 2015) and “How Much House Will a Rate Hike Cost You?” Forbes (Nov. 8, 2015)

 

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Naples Area Farmers Markets

With the arrival of season comes the offerings of the Naples Area Farmers Markets.  Following are some of our best markets for shopping locally grown goods.

 

Swiss Chard - fresh produce at Naples area green and farmers' markets

Third Street South Farmers Market

As far as fresh markets go, the Third Street South Farmer’s Market is one of the best. From the fab location – Third and Gordon Dr. – to the collection of vendors, the Third Street South Farmer’s Market has become the standard bearer: the market fosters a closer sense of community all the while supporting local growers, cooks and crafters, and healthy lifestyles – you can’t get much better than that.

A year-round affair, the farmers market sets up shop behind Tommy Bahama every Saturday from 7:30-11:30 a.m. with more than 50 vendors on hand, offering an array of goods.

Offerings: Co-op of small growers and farmers with assorted vegetables and fruits, Florida grass-fed beef, dog treats, prepared foods (pastas, cheeses, cured meats, guacamole, baked goods, pastries and more), sauces and preserves, fresh-roasted coffee, raw honey, beauty products, fresh cut flowers, fresh seafood, handmade crafts and goods.

Details:

  • Year round, every Saturday from 7:30-11:30 a.m.
  • Location: Third Street South – Behind Tommy Bahama (intersection of Third Street South and Gordon Dr.), Naples
  • For more information, visit thirdstreetsouth.com/farmersmarket.

 

Produce from Inyoni Farms, Naples
A selection of produce from Inyoni Farm at the Third Street South Farmers Market. Photo courtesy of Inyoni Farm.

 


 

 

Pine Ridge Road Farmers Market - Paradise Coast fresh and green markets

Pine Ridge Road Farmers Market

For those prefer to save their shopping for a leisurely Sundays, then the Pine Ridge Road Farmers Market is the place for you. Beginning October 12, the Marquesa Plaza (intersection of Pine Ridge Rd. and Livingston Rd.) will become a bustling center of local commerce from 9 a.m. to 2 p.m. through May 17.

The Sunday market time allows some of the bigger growers and purveyors to pull double duty on the weekend, attending Third Street South and/or Shoppes on Vanderbilt on Satruday, and heading to Pine Ridge on Sunday. All this means is that the bounty is that much better for you, the savvy sustainable shopper.

Offerings include: fresh, locally grown vegetables, organic produce and fruit; fresh-cut flowers, orchids, fruit trees and plants; baked goods; fresh seafood; prepared foods (salsa, dips, jams and jellies, preserves and pickles); bath and beauty products (handmade soaps, candles and lotions); home goods and artisan wares.

Details:

  • Runs 9 a.m.-2 p.m. every Sunday, October 12-May 17.
  • Location: The Marquesa Plaza – 3370 Pine Ridge Rd., Naples
  • For more information, visit naplesmarketplace.net.

 

Shoppes at Vanderbilt Farmer’s Market

Dodging the hot, humid weather is a primary goal of Naples residents and visitors during the summer and early fall. The Shoppes at Vanderbilt Farmer’s Marketprovides a bit of cool escapism during the stickiest months of the year by moving indoors. The emporium’s vendors set up shop in air-conditioned comfort at the Shoppes location each Saturday from 8 a.m. until 1 p.m. through December 27.

“Most of our vendors are seasonal, but a few wanted to be able to operate all year,” says Market Manager Laura Sloat. “We saw the need and decided to make that possible.”

A wide mix of prepared and organic foods, candles, coffee and crafts, all local, are sold by the 40-plus vendors participating in the market. What’s new this season? Lehigh Acres-based Maverick Meats and Neighborhood Organics, Naples, are joining the market, selling grass-fed beef and organic produce, respectively. —Isaac Espinosa

Shoppes at Vanderbilt Farmer's Market

And the indoor market is not all that’s on tap for the Shoppes at Vanderbilt. Beginning October 18 through May 9, the outdoor farmers market will run concurrently as the indoor version, giving the market an expanded footprints, allowing for even more vendors to take part and sell their wares.

Neighborhood Organics - Shoppes at Vanderbilt Farmer's Market

The newest addition, Neighborhood Organics, takes the co-op idea to a new level, creating a brick and mortar location for local growers and purveyors. Open during farmers market hours, the specialty grocery store will offer and array of goods, including organic vegetables and produce, fresh herbs and plants, handmade goods, and more – essentially all the goods that are normally available at the market, but on a curated and store-like setting. It’s the perfect place for vendors that might not have a full tent worth of goods to offer, but still wants to get their wares to market. It also allows for larger variety of vendors to bring their goods to the Shoppes – the self-contained and staffed Neighborhood Organics runs the shop, with vendors needing just drop off the goods and pick up their cash.

Offerings: organic vegetables and produce; fresh fruit; herbs; plants; just-cut flowers; baked goods and pastries; prepared foods –pickles, jerky, lunch, dinner, breakfast, you name it; fresh-roasted coffee; fresh, local seafood; preserves and jams; jewelry and fashion accessories; handmade bath and beauty products; artisanal home accessories.

Details:

  • The indoor market is open year-round on Saturday from 8 a.m.-1 p.m. The outdoor market will open Saturday, 8 a.m.-1 p.m., from October 18 through May 9.
  • Location: Shoppes at Vanderbilt – 2355 Vanderbilt Beach Rd., Naples
  • For more information, visit farmersmarketswfla.com.

 

Lee County Rockstars

When it comes to Lee County, the farmers/green market mavens behind Local Roots, Jean Baer and Betsy Ventura, are the people to see for fresh, local goods. Operators of the five largest farmers markets in Lee County, Local Roots sole mission it to connect consumers and shoppers with growers and producers directly, fostering a sense of community while keeping money within the local economy. It’s a tall task, but one they pull off with aplomb.

Of the five markets Local Roots operates, two are fall within our area of coverage: the Coconut Point Farmers Market and the Bonita Springs Farmers Market. If shoppers are up for a drive, the Sanibel Island Farmers Market, also a Local Roots gig, is one of the best fresh markets in Southwest Florida.

Local Roots - Lee County Farmers Markets - Coconut Point Farmers Market - Bonita Springs Farmers Market

Coconut Point Farmers Market

Located at the Coconut Point Mall, this farmers market runs every Thursday at 9 a.m.-2 p.m. from October 2 through April 23. Vendor offerings include: fresh produce, just-caught seafood, locally raised meat, local raw honey, baked goods, and an assortment of artisan products (handmade soaps and candles, hand-woven basket and hats).

Bonita Springs Farmers Market

Situated at The Promenade at Bonita Bay, the Bonita Springs Farmers Market is Local Roots’ Saturday market place for southern Lee County. Operating every Saturday from 8 a.m. to 1 p.m., beginning October 4through April 25, the market offers an array of goods, including: fresh fruits, vegetables, cut flowers, plants, baked goods, seafood, honey, jams, and artisanal goods. As for prepared foods, this is one of the better shopping spots, with a diverse variety of breakfast and lunch options to choose from.

 

Farmers Market at Collier County Government Complex

With a focus on encouraging a healthy lifestyle, the Farmers Market at the Collier County Government Complex literally brings the shopping to you. Situated on the ground floor covered parking garage, a variety of vendors flock to the shade, selling natural and organic produce, as well as specialty ready-made foodstuffs on Fridays from 11 a.m. to 2 p.m. Reduce your weekend produce shopping to a lunch break grab and go. Vendors include Eldridge’s Produce, Dining by Design and Radical Rations to name a few. For those looking for a lunch treat, a number of food trucks are on hand for a quick bite, The Nosh Truck is always on the scene, serving up its famous Pad Thai burger, Nosh burrito and much more.

  • Location: Collier County Government Complex – 3299 Tamiami Trail East, Naples
  • For more information, call 239-252-8999.
The Nosh Truck's Pad Thai Burger - Naples
The Nosh Truck‘s Pad Thai Burger, available at the Farmers Market at Collier County Government Complex. Photo courtesy of The Nosh Truck.

 

 

The City of Marco Island Farmers Market

The seasonal Marco Island Farmers Market will open November 12 and run every Wednesday from 7:30 a.m. to 1 p.m. through April 22. During the week of Christmas and New Year’s Eve, the market will be open Tuesday, December 23 and Tuesday, December 30.

Originally started in 2005 at St. Mark’s Church to raise money for the Guadalupe Center in Immokalee for needy migrant worker families, the market quickly became a local favorite and was taken over by the Marco Island Park and Recreation Department to serve as a seasonal event.

Offerings: fresh fruits, garden vegetables, herbs, just-cut flowers, fresh seafood, baked goods, raw honey, sauces and preserves, kettle popcorn, chcoclates, handmade soaps, jewelry and crafts from local artisans.

Details:

  • The market will be open every Wednesday, 7:30 a.m.-1 p.m., beginning November 12 through April 22.
  • Location: Veteran’s Community Park – 901 Park Avenue, Marco Island
  • For more information, visit cityofmarcoisland.com.

Naples and the Paradise Coast's farmers markets

Farm Fresh Market

The Bonita Springs Lions Club will once again present its Farm Fresh Market every Saturday from 7:30 a.m. to 12 p.m. beginning October 18 and running through May 2. The quaint market will showcase four fully stocked vegetable vendors as well as vendors selling fresh cut flowers, baked goods, seafood and more. Proceeds from vendors fees help support the Lions Club programs, including an eye clinic for the poor.

Details:

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Market Report for October 2015

NAPLES / BONITA SPRINGS / ESTERO MARKET AREA

 

Click for Full Report
Click for Full Report

CLOSED SALES

  •   Closed sales through October remained approximately the same as the first 10 months of 2014 (11,220 in 2015 vs. 11,327 in 2014).
  •   The number of closings priced at $2 million and above continued at a brisk pace, up 8% year-to-date over the same period 2014, and up 13% over the past 12 months.

 

NEW LISTINGS/INVENTORY

  •   Available inventory in the combined Naples, Bonita Springs, Estero market on November 1, 2015 consisted of 4,637 units (2,666 single family homes and 1,971 condominiums). Available condominium supply declined by 26% from prior year while the supply of single family homes remained approximately the same.
  •   Current inventory represents approximately 4.2 months of supply based on closings for the past 12 months.

 

AVERAGE AND MEDIAN SALES PRICE

    •   The average price of closed sales year-to-date is up 10.5% over the same period in 2014 and median price is up 15%.
    •   Average sale price for properties priced above $2 million increased almost 8% over the past 12 months, driven by high demand in this segment along with an increase in the number of closings above $5 million.

 

12- MONTH COMPARISONS

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Click for full report

 

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“The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.”

 

 

Market Report for August 2015

NAPLES / BONITA SPRINGS / ESTERO MARKET AREA

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Click image for full report.

CLOSED SALES

  The number of closed sales through August is down 4.4% from the same period in 2014 (9,223 vs. 9,649). Sales pace is driven by inventory, demand and pricing.

  Closed sales during the month of August are down 10% from August 2014, but remain the fourth highest on record for the month (2000 – 2015). The consistent number of sales over the past several months indicates the market is enjoying solid demand.

  During the past 12 months, closings for properties priced above $2 million are up 13% (459 vs. 407). This category continues to be in high demand with year-to-date closings up 5.1% over the first eight months of 2014.

NEW LISTINGS/INVENTORY

  Available inventory on September 1, 2015 consisted of 4,198 units, down 6.9% from prior year.

  Average list price for the past 12 months is $614,842, up 15.1% from the 12 months ending September 1, 2014. Median list price increased17.5% during the 12 months ending September 1, 2015.AVERAGE AND MEDIAN SALES PRICE

AVERAGE AND MEDIAN SALES PRICE

  Average price of closed sales during the month of August increased 11.4% year-over-year, while median closed price increased 12.8%.

  Average price of sales above $2 million increased 11.8% over the past 12 months, from $3,537,716 to $3,956,725. Median price in this category is up 12.8% from $2,800,000 to $3,157,000.

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