Enjoy tropical views of the Gulf of Mexico, beach and stunning sunsets from this two-bedroom corner residence in Carriage Club in The Moorings. Neutral finishes complement the backdrop and create a casual sophistication throughout this stylishly updated and meticulously maintained residence. Read more>>>
WHAT’S TRENDING IN NAPLES REAL ESTATE
The Naples Area Board of REALTORS® held its fourth annual Economic Summit in early April to discuss factors influencing the future of real estate. Cindy Carroll, John Tuccillo and Dr. Elliott Eisenberg shared their viewpoints.
Real estate appraiser Cindy Carroll Naples reported home prices are going up and stabilizing nearly across the board and in certain cases have surpassed peak 2005 levels.
“Neighborhoods broken down by zip codes seem to make a lot more sense than when it’s broken down by price range,” she said. “It’s about location, not price range, it’s how close you are to the beach, which drives your value.” (Go to my website Cherylturner.com and sign up to receive your report by zip code.)
Dr. John Tuccillo, chief economist for Florida Realtors® introduced new key indicators affecting real estate in Florida including natural and in-migration population growth, employment growth and a healthy stock market, which is helping fuel second-home purchases, especially retirees. “There is a very close correlation, between million-dollar-plus home sales in Florida and the Dow so it’s kind of an indicator on where home sales are going.” Read more>>>
From our company Award Ceremony for the Top 50 associates of 2014. Pictured from left to right, Philip White, President and CEO, Sotheby’s International Realty; Cheryl Turner, Broker Associate, Premier Sotheby’s International Realty; and Judy Green, President and CEO, Premier Sotheby’s International Realty.
Nelsons Walk is a quiet byway in Naples, but the 26 homeowners there are actually living on Easy Street.
That’s because Nelsons, with a median home value of $10.5 million, is No. 12 on Zillow.com’s list of the country’s wealthiest streets.
No. 1 on the list is Indian Creek Island Road on Indian Creek Island in Biscayne Bay. The median home value there is $21.5 million and residents include Denzel Washington and Eddie Murphy.
Nelsons Walk has its share of celebrities too: Residents include best-selling mystery author Janet Evanovich and pest control king Truly Nolen, chairman and president of Truly Nolen Inc.
The street gets a boost right off the bat by being part of Port Royal, the most expensive community in Naples.
Cheryl Turner, a real estate agent with Premier Properties Sotheby’s International Realty in Naples, said Nelsons is “a wonderful street, fabulous,” but that its Port Royal location likely was responsible for pushing it on the national list.
“You’ve got wider water views, no bridges, the Gulf, the most exclusive neighborhood in town,” she said. “The prices are just continuing to go up.”
People are often shocked at how expensive a house in Port Royal can be, Turner said. “I had a client call on a house and the asking price was $23 million — he had thought maybe $11 million.”
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What’s trending in Naples Real Estate
As we head into the second quarter of the year, the pulse of the Naples’ area real estate market has a healthy beat according to the latest report from the Naples Area Board of REALTORS® (NABOR).
NABOR President, Mike Hughes said, “We saw year-over-year growth in our overall median closed prices throughout 2014; and with February getting off to a similar start, we expect that trend will continue.” Although inventory remains down as compared to other seasons, February ended with 1,280 sales pending indicating the market is in good condition. Read more of my April Newsletter.
What’s trending in Naples Real Estate
Sales are up and so are prices.
A recent article in the Business Observer, a newspaper that covers the Florida Gulf Coast from Tampa to Naples, reported that both sales and prices of existing single-family homes and condominiums are seeing gains as high as 15% statewide. President of Florida Realtors®, Andrew Barbar, commented that the positive fundamentals of Florida’s housing sector were sustained in the fourth quarter of 2014. “Our population continues to increase at a rate of approximately 800 people per day moving into the state. Florida’s growing economy is creating new jobs and putting residents back to work.”
The greater Tampa metro area was a hot market to purchase condominiums with sales jumping nearly 18%; Collier county saw a 14% increase in the number of condominium sales and a 10% rise in median prices.
Florida Realtors® reported that those who are currently renting a condominium in Southwest Florida may soon have a more difficult time, as owners are putting their properties back on the market now that prices are increasing. With financing more readily available, down payments as little as 3.5 percent, and some restrictions on condo loans easing, qualifying for a mortgage and owning a home is becoming more appealing. Contact me for the latest real estate market news. Click here for the full newsletter.