Homes are Selling Faster:
According to an article on FloridaReatlors.org “Inventories of for-sale homes aren’t the only thing dropping. The amount of time homes stay on the market is growing shorter as well – down 11 percent in the last year – according to the latest Realtor.com data.”
Homes have been listed for an average of 95 days, compared to 107 days a year ago.
“As the median age of the inventory is falling, inventories of for-sale homes continue to hover at record lows too, dropping 18 percent last month compared to a year ago.”
To read more of this article go to: http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=4&id=282671
Home Prices Rebound
We received a great article from EverBankMortgage.com/Bboleyn talking about Home Prices Rebounding to 2003 levels.
Good news—According to S&P/Case-Shiller, in July 2012 the average home price rose to the same level as those seen during summer 2003, when the housing boom first started its journey toward the 2006 peak.
While this report may not signify that we are currently standing on the cusp of a market boom, it does show a significant turnaround and perhaps hints at a definite end to real estate’s bleak streak.
The recent S&P/Case-Shiller national home price index showed that in July, prices increased by 1.5% for the 10-City Composite and by 1.6% for the 20-City Composite.
This improvement marks the third straight month that prices rose in all 20 major markets followed by the index, which covers more than 80% of the U.S. housing market.
When compared to a year earlier, the index proved to be up 1.2%, an improvement from the year-over-year change reported for June. This marked the first month that prices were higher than they were the previous year.
And, real estate professionals located outside of the top metros are seeing movement inside their markets, too.
Upcoming Events in and around the Naples area:
8th Annual Halloween Costume Party at Noodles
October 25, 2012
This great party event will be held at the Nooshi Lounge inside Noodles Café. Up for grabs during the event will be $1,000 in cash and prizes, and DJ Rifik, Hands Up Music Official DJ with Slip ‘N’ Slide Records, will provide live music all night long. Cash and prize winners will be announced at midnight. The entire Noodles team is excited to be presenting the latest incarnation of this Naples Halloween tradition. The staff always looks forward to throwing the best costume party in Southwest Florida as well as seeing all of the customers’ creative and unique outfits. VIP bottle service is available, and reservations for the event are suggested but not required.
Stone Crab Festival
10 am – 4pm
An action-packed weekend at various locations on the historic Old Naples Waterfront! Plenty of fresh stone crab claws, live music, events of all kinds, art and a ton of fun activities.
Admission: Free admission. $5 parking at the former Grand Central site and Port O’ Call marina.
Haunted Gross Nights at Collier County Fairgrounds
7pm to 11pm each night (closed October 29)
Come out to the Collier County Fairground for a Halloween to remember! Each night, except Monday, there will be rides, food, games and a Haunted House where Hollywood Horrors abound! There will be 14 rooms of terror to get through! On Halloween night, there will be a Trunk or Treat at 8pm and a Costume contest at 9pm too!
Admission: $15 per person for unlimited rides and one walk through the Gross House
Halloween Celebrations at Blue Martini
8pm to close
Celebrate Halloween at Blue Martini! Be there on four separate nights, as they are holding four Costume Contests – October 26, 27, 28 and 31. Come dressed to impress as they will be giving away prizes in abundance every night including $500 cash and lots of other great giveaways. Drink specials all night!
Brew-Ha-Ha Craft Beer Festival
1 – 4pm, advanced ticketholders get in at Noon
Enjoy yourself at the 1st Annual Brew-Ha-Ha Craft Beer Festival at Mercato. Sample over thirty domestic and craft beers, listen to live music by the Wholetones, test your skills with fun games, while munching on tasty fare from Mercato restaurants. 100% of the proceeds will benefit Shy Wolf Sanctuary, which recently had to close. This event will help them to feed and care for more than the 50 animals they care for, while they await moving to their new facility. Go to http://www.shywolfsanctuary.com/events.html to purchase your advanced tickets today and get in an hour early before the crowd!
Admission: $30 in advance; $35 at the door
Halloween Spooktacular at The Phil
The Phil presents an amazing evening of Music and Mime! To enhance the wonderful Philharmonic Symphony orchestra, The Magic Circle Mime Company will present their most ghoulish creatures! Come in your most startling outfit too, and win a prize! Music from Jaws, Phantom of the Opera, and Psycho amongst others will thrill and scare the audience!!
Admission: Call for ticket details
Coastland Center/Monster Mash Dance Party & Trick or Treating
4pm to 7pm
Come with the kids and enjoy a great, safe Halloween event. Throughout Coastland Center there will be lots of things for the kids to enjoy, including a DJ, kids games, crafts, face painting, and trick or treating for kids ages 2-12. Everything is free of charge.
Monster Mash – Halloween at Village on Venetian Bay
2pm to 5pm
Bring the whole family and have fun at this great Halloween event! Dress in costume and enjoy sweet treats, face painting, crafts, pumpkin decorating and complimentary photo opportunities, along with live entertainment.
Southwest Florida Yard and Garden Show
9am to 4pm
Don’t miss the annual SW Florida yard and flower show! The two days will include both educational programs and demonstrations. There will also be a multitude of flora for purchase too, including orchids, tropicals, bromeliads, palms and native plants.
Admission: $3 adults; children under 13 free
Spooktacular Halloween on Fifth
Kids Trick or Treat-4:30 to 7pm; Street Party goes on till 9pm
Kids and adults will find Fifth Avenue South the place to be on Halloween! Join in the fun with Kid’s trick or treating, pet costume contest sponsored by Pucci and Catana Luxury Pet Boutique, Adult costume contest, magicians, ventriloquists, pumpkin patch activities for kids and adults; a street party with live bands and entertainment and much, much more–a spooktacular fun time for all ages!