Moraya Blog

2014
01.06

Great Year!

http://eepurl.com/LPEG9

2013
06.14

Graph Going UpNaples, FL (June 14, 2013) – Pending sales, closed sales and median closed prices increased while inventory and average days on the market decreased for the 12-month period ending May 2013. The Naples Area Board of REALTORS® (NABOR®), tracks residential listings and sales within Collier County (excluding Marco Island) and releases a monthly and quarterly report of activity.

“May 2013 compared to May 2012 was a very big month for the local real estate market,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty. “For many REALTORS the activity didn’t slow down. Buyers are afraid to miss out on opportunities with interest rates and inventory low so they are making purchase decisions now.”

Kathy Zorn, Broker/Owner of Florida Home Realty stated, “There is no shortage of buyers in the area right now. This may be an opportune time for sellers to list their homes.”

The NABOR® May report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an Overall Market summary. The NABOR® May sales statistics are presented in chart format, with these overall (single family and condominium units) specifics:

 - The overall median closed price increased 16 percent from $190,000 at the end of May 2012 to $220,000 for the 12-month period ending May 2013.

 - Overall pending sales increased 5 percent from 10,235 units to 10,723 units for the 12-month period ending May 2013. Overall pending sales increased 28 percent in the $300,000 to $500,000 category from 1,417 units to 1,816 units and 13 percent in the $500,000 to $1million category, from 1,087 units to 1,223 units, and increased 23 percent in the $1 million to $2 million category, from 451 units to 556 units, respectively for the 12-month period ending May 2013.

 - The average DOM (Days on the Market) decreased 16 percent overall from 191 days in May 2012 to 161 days in May 2013.

 - Overall pending sales in the Naples coastal area increased 9 percent from 1,943 units to 2,122 units, and closed sales increased 10 percent, from 1,741 units to 1,921 units, for the 12-month period ending May 2013.

“The lack of inventory is creating multiple offers in many situations,” said Wes Kunkle, NABOR President and Managing Broker of Weichert Realtors on the Gulf.

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949)whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 4,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.

The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

2012
12.14

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NATIONAL MARKET
A combination of rising sales and the lowest inventory in six years helped existing-home prices post annual gains for the eighth month in a row in October, the National Association of Realtors said today.
Sales of existing homes were up 2.1 percent from September to October and 10.9 percent from a year ago, to a seasonally adjusted annual rate of 4.79 million.

Pending Sales in Naples Beach in November went up 20% over this time last year!
Closed Sales in Naples Beach in November went up 37%
Inventory DECREASES 18% from last year!
Condo’s in the $2million+ category pending sales were up 19%

The NABOR® November report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an Overall Market summary. The NABOR® November sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics: 
 
 - The overall median closed price increased 14 percent from $175,000 at the end of November 2011 to $200,000 for the 12-month period ending November 2012.
 
- Overall pending sales increased 6 percent from 10,057 units to 10,667 units for the 12-month period ending November 2012. Overall pending sales increased 20 percent in the $500,000 to $1 million category, from 960 units to 1,153 units, and increased 11 percent in the $1 million to $2 million category, from 429 units to 478 units, for the 12-month period ending November 2012.
 
- Pending sales increased 100 percent in the $2 million plus category from 16 units in November 2011 to 32 units in November 2012.
 
- Overall inventory decreased by 15 percent, from 7,625 listed properties in November 2011 to 6,518 in November 2012. Pending sales with contingent contracts are included in the overall inventory number.
 
- The average DOM (Days on the Market) increased overall from 168 days in November 2011 to 181 days in November 2012. 
 
- Overall pending sales in the Naples coastal area increased 14 percent from 1,801 units to 2,045 units, and closed sales increased 10 percent, from 1,640 units to 1,804 units, for the 12-month period ending November 2012

2012
08.22

Hot Summer!!!

Summer Sales Remain Strong!

Pending Sales are up, Closed Sales are up, and the Median Closed Price increased 9% overall.  The only area that is down is the inventory!!!!

And it’s not just in Naples!
Moraya Bay new listing!
Fully Furnished at $3,490,000. Direct Beachfront 4500 sq ft
Moraya 801 Living 2
2012
05.23

It’s all abuzz……

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Everywhere you go you here agents talking about the great year they’ve had!!! Normally slow in the last quarter of the year agents wait till “season” the high time when the Snowbirds fly south and enjoy our slice of paradise here in Southwest Florida.  This year there wasn’t a “down time”  last quarter was busy, 1st quarter of 2012 was on FIRE!!!!!  Here at Moraya Bay we have 9 closed and contracted sales for the first part of 2012.  Totaling over $32 million dollars.  In 2011 we did 10 sales!

Here is the US market reports from Real Trends Housing Market.

The April 2012 report shows that rate of housing sales for April 2012 increased strongly on an annualized basis over a year ago.  Overall, April 2012 new and existing unit sales were up 11.2 percent from a year ago.  The annual rate for April of 2012 was 4.86 million up from 4.374 million in March of 2012.

The average price of homes sold increased significantly rising 3.6 percent from April 2011 to April 2012.

THe May 10th REAL Trends Housing Market Report showed that the combination of new and existing home sales in April 2012 continued to strengthen from the prior year.  The annualized rate of the combination of new and existing home sales increased to 4.86 million from the 4.37 million recorded in April 2011.

The average price of homes sold in April 2012 was up 3.6 percent from the average price of homes sold in April 2011 marking the best price results on home sales in the last nine months.

Housing unit sales for April 2012 were up 20.0 percent in the Midwest, the strongest showing in the country for the third consecutive month.  The next highest region was the South where unit sales were up 12.4 percent, the Northeast increased by 12.1 percent and the West region saw an increase of 3.0 percent for the same period.

Here are some interesting links about the Naples Market!

http://moneyland.time.com/2012/05/22/real-estate-jumps-as-number-of-foreclosures-drops/

http://money.cnn.com/galleries/2012/real_estate/1201/gallery.turnaround-housing-markets/7.html

Top turn around towns

http://money.cnn.com/2012/05/17/real_estate/foreclosures/index.htm

Foreclosures lowest since 2007

http://www.forbes.com/sites/morganbrennan/2012/04/28/two-naples-mansions-sell-for-more-than-40-million-apiece-breaking-records/

Two homes more than 40 million

http://www.forbes.com/sites/trulia/2012/05/03/rising-home-prices-coming-to-a-market-near-you/

Rising home prices

http://www.forbes.com/sites/morganbrennan/2012/05/09/home-prices-stabilizing-signifying-a-housing-market-bottom/

Home prices are stabilizing signigyin a housing market bottom

2012
03.18

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INCREASED HOME SALES REDUCE INVENTORY

Report Shows Mid-priced Market Activity up 55%

Naples, Fla. –   Overall pending home sales and closed home sales have increased five percent each in the 12-months ending February 2012 , according to data from the Naples Area Board of REALTORS® (NABOR®) which tracks home listings and sales within Collier County (excluding Marco Island).

The rise in home sales is a positive sign and increased sales lead to less housing inventory in the Naples area. Overall inventory decreased 17 percent, from 9,213 in February 2011 to 7,888 in February 2012.

“Pricing is extremely important right now. The good news carries through for single family and condos, as less days on the market, coupled with the price increases is leading to less inventory,” said Gerald Murphy, Manager of Caldwell Banker.

“One of the biggest gains is a 55 percent increase in pending sales from February 2011 to February 2012 for Naples area homes priced from $500,000 to $1 million,” stated Phil Wood, President & CEO of John R. Wood Realtors. “In February, homes in that price range took off like rockets.”

The overall market experienced 8,349 closed sales for the 12 months ending February 2012, compared to 7,929 closed sales for the 12-month period ending February 2011, according to NABOR® data.

“Price increases in certain categories of the market and falling inventory sets the stage for increased valuation,” remarked Dr. Shelton Weeks, Director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University.

NABOR® data shows:

  • Overall pending sales increased 55 percent in the $500,000 to $ 1 million category February 2011 to February 2012
  • Overall closed sales increased 70 percent in the $2 million plus category February 2011 to February 2012
  • Median closed prices overall are up 5 percent from February 2011 to February 2012
  • Overall inventory reduced 17 percent from February 2011 to February 2012
  • Overall average DOM (Days on the Market) decreased 4 percent from February 2011 to February 2012
  • Overall pending sales increased 11 percent in the $300,000 to $500,000 category and 17 percent in the $500,000 to $ 1 million category 12-month ending
  • Closed sales increased 13 percent in the $ 1 million to $2 million category 12-month ending
  • Naples Beach area pending sales increased 17 percent and closed sales increased 20 percent 12-month ending

“The pace of activity continues to rise as inventory lowers,” agreed Coco Waldenmayer, Managing Broker of Engel & Völkers. “Increased sales generally lead to shorter time on the market.”

Adds Steve Barker of Amerivest Realty: “With the reduction in inventory, properties are selling faster. There is a sense of urgency. Inventory is on the decline in the condo market, from 4,930 listings in February 2011 to 4,250 in February 2012.”

“The fact that 855 homes under $300,000 were pending for February 2012 is very promising,” said Ernesto Velasquez of Coldwell Banker.

“The market is on fire,” said Cindy Carroll, Principal of Carroll & Carroll, Inc. “Short sales and foreclosures are virtually disappearing.”

To view the entire report, visit www.NaplesArea.com

The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 4,000 plus member-customers. NABOR is a member of the Florida REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.

View the February 2012 Statistics

2012
01.24

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Buyers hunting for homes in the Naples Real Estate Market this season won’t find as many choices.

The housing inventory has hit a five-year low, according a report released Friday by the Naples Area Board of Realtors. NABOR’s reports track inventory and Realtor-assisted sales made through its multiple listing service, or MLS, in Collier County, excluding Marco Island.

There are now 7,581 Naples Homes and Naples Condos on the market. That’s down by 1,564, or 17 percent, from a year ago, when there were 9,145.

Nationally, home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled housing market improved at the end of last year.

Local Realtors thought they might see a jump in listings in December, ahead of the busiest months of season. But that didn’t happen.

One of the biggest surprises in 2011 was the jump in Million Dollar Home sales. In the over $2 million market, sales rose 12 percent over the previous year. There were 223 closed sales, up from 199 in 2010.

Meanwhile, the market saw 370 sales in the $1 million to $2 million market in 2011, up 9 percent from 338 in 2010. Sales in the market rose 38 percent in the fourth quarter of last year, traditionally a slower time for area Realtors. “That’s where the buyers are. These people are still out there looking and they have big checkbooks,” Barker said.

And They are buying in Moraya Bay!  Another Residence just went under Contract which would be 3 new sales in 2012 and it’s just January!


2011
12.13

It’s not just us saying it….Leading economists are predicting 2012 for recovery!

”Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”

You just have to look at the numbers to see what the Naples market is doing.

  • Closed sales between $2,000,000 and $5,000,000 are up 13% through November and show a 3.7% increase in median price.
  • In the month of November, the number of pended sales above $500,000 posted a 21% increase over 2010. The price segments of $500,000 – $750,000
    and $1 – $2 million were the most improved, each with a 25% increase over November 2010.

Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”

WE know they have! Moraya Bay had 2 more sales last month!

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2011
08.15

high-five-0808-lg-76258126 Some More Great News!!!The real estate industry in Collier County has shown signs of stabilizing in the last year, 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. The July report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. Overall pending sales for the 12 months ending July 2011 increased 3 percent with 10,030 contracts compared with 9,785 contracts for the 12 months ending July 2010. The median closed price for properties over $300,000 increased 2 percent to $550,000 for the 12 months ending July 2011 compared with $540,000 for the same period ending July 2010. According to Brenda Fioretti, NABOR president and managing broker of Prudential Florida Realty, “Inventory continues to drop at a rate of 19 percent for this period and we currently have less than nine months of inventory, which is the lowest we have seen since tracking the available inventory in April 2007.”

2011
07.07

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Moraya Bay sales jumped 80 percent over the time last year! When viewing properties on the beach in Naples buyers see Moraya Bay as the ultimate in direct beachfront living. Owners are provided with access to every conceivable resort living luxury. Whether it is the club on the beach or the state of the art fitness facility, when compared with other buildings Moraya Bay is an a category by itself. Congratulations to the sales team for a job well done. New models are on their way and should be ready for viewing in the next few weeks. Stop by for a personal tour.