Have a prosperous New Year, filled with Health, Wealth and Happiness


newyearsimage

Wishing you every happiness this Holiday Season and prosperity in the New year. I look
forward continuing our relationship in the coming year.

All the best to you and your family.

Kind Regards,

Karen Sweatlock

Karen Beach Headshot 2014 High Res

January Events 

January 3-5th: Downtown Naples New Year’s Art Fair, Fifth Avenue South, Naples A new year and new opportunities await at this well-established art festival, which draws more than 230 professional artists from around the country and is ranked as one of the 100 Best Fine Art Shows in the U.S. by Sunshine Artist Magazine.

January 7-25th: The Marco Island Players, Marco Island

In 2015, the Marco Island Players are celebrating 40 years of live performances! Kicking off their first theatre production of the New Year, “Becky’s New Car” will run from January 7-25, 2014. “Becky’s New Car” is a thoroughly original comedy with delicious deadpan humor and U-turn plot twists!  With evening and afternoon showings, please visit http://themarcoplayers.com/ for ticket pricing and information.
 
January 10-11th: National Art Festival, Bonita Springs
The Centers for the Arts Bonita Springs presents fine arts/fine crafts festivals each year in Bonita Springs.  Enjoy the artworks of 200 national and international artists on January 10-11, 2014 from 10am to 5pm, while supporting the many programs offered at the Centers for the Arts.  This show presents quality artwork resulting in the highest ratings by the National ranking services. View and buy artwork directly from the artists who produce the work! Festival proceeds go to support community art activities.  This event boasts the largest attendance of any event in Bonita Springs! For more information, please visit http://artinusa.com/bonita/
 
January 23-25th: The 2015 Naples Winter Wine Festival, Naples
Since 2004, the Winter Wine Festival has earned the distinction of being one of the most successful charity wine auctions in the nation according to Wine Spectator. The event brings many of the world’s finest vintners and chefs together with wine collectors and philanthropists for a three-day gala in Naples. Attendees fly in from all over the world to attend this amazing event! This year the event takes place on January 23-25, 2015. For a schedule of events and ticket inquiry, please visit http://www.napleswinefestival.com/
 
January 24-25th: Swamp Buggy Races, Florida Sports Park, Naples
Experience the world’s muddiest races as swamp buggy vehicles speed around the track known as the Mile O’ Mud. The Races, heralded as the World’s Muddiest, feature swamp buggies — which range from standard Jeeps with snorkels to giant monsters with NASCAR racing engines — navigating the famous Mile O’ Mud track. This figure-eight track is flooded with water, around 18 inches deep in most areas, but much deeper in the dreaded sippi holes, so as you can imagine it gets really messy.

Average Sales Price Up 10.5%; The Number of Available Properties Down

 
CLOSED SALES
On a rolling twelve month basis (not shown on the report), closings are up 7% and average sales price is up 10.5%. Year-to-date, the median sales price is up 8% over prior year, following a 12% increase from 2011 to 2012, and a 17% increase from 2012 to 2013. All price categories posted gains in the number of closed sales with the exception of properties priced under $250,000. The greatest increase was the segment priced above $1 million, which was up 27%
 
PENDED SALES
Pended sales above $2 million are up 38% year-to-date. Sales above $5 million almost doubled with 101 sales pended vs 52 in the same period 2013. Sales pended during the month of November are the highest on record for the month.
 
NEW LISTINGS/INVENTORY
On December 1, 2014, available inventory in the combined Naples, Bonita Springs and Estero market stands at 4,948 units (2,763 single family homes and 2,185 condominiums). This represents a 4.9 month supply based on the number of closings in the past 12 months. The number of available properties is down 12.5% from December 1, 2013.
 
Distributed by John R. Wood Properties’ 

Buyers Rush Luxury Market in November

 
Naples, Fla. (December 19, 2014) – Sellers in the luxury market can expect a very good buyer turnout in the coming months according to a consensus among Naples’ top brokers after they analyzed the November 2014 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales with Collier County (excluding Marco Island). Their prediction was based on several factors including overall pending sales activity, which rose 11 percent for homes priced over $1 million; overall closed sales activity, which increased 17 percent for homes priced over $1 million; and that the majority of homes sold in the $2 million and above category were cash sales.
 
“Pending and closed sales activity in all price categories above $300,000 was up over the past 12-month period ending in November,” said Tom Bringardner, Jr., President/CEO of Premier Commercial.
 
“Activity in the high end market is remarkable coming into season,” said Steve Barker, Advising Broker for Equity Realty. “The report indicated that a greater number of homes in the $2 million and above price category were sold [21] as compared to what sold in the same month last year [14]. This is a good sign for sellers in our market because people who have the resources to pay cash for million dollar homes are smart and careful investors. They are not going to make a poor investment decision, which speaks volumes for the value of our market.”
 
The November 2014 report showed heightened activity in several areas of the luxury market including a 40 percent increase in overall closed sales for single family homes priced $2 million and above from 202 in the 12-months ending November 2013 to 282 in the 12-months ending November 2014; an 11 percent increase in closed sales for condominiums priced $1 million- $2 million from 234 in the 12-months ending November 2013 to 260 in the 12-months ending November 2014; and a 35 percent increase in single family median home prices in the Naples Beach area from $739,000 in the 12-months ending November 2013 to $1,000,000 in the 12-months ending November 2014.
 
“Median price in the Naples Beach area single family home market can not continue to increase at the current rate indefinitely,” said Cindy Carroll, SRA, with the real estate appraisal and consultancy firm of Carroll & Carroll, Inc., who added that, despite aggressive activity in new construction, the report indicated that inventory in the resale market continued to decline. 
 
The NABOR® November 2014 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® November 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 
Overall pending sales decreased 2 percent from 840 in November 2013 to 825 in November 2014.
  • Pending sales for single family homes in the $300,000-$500,000 price category increased 32 percent from 99 in November 2013 to 131 in November 2014. 
  • Pending sales for single family homes in the $2 million and above category increased 24 percent from 25 in November 2013 to 31 in November 2014.
  • Overall closed sales decreased 2 percent from 9,878 in the 12-months ending November 2013 to 9,635 in the 12-months ending November 2014.
  • Median closed price increased 12 percent from $236,000 in the 12-months ending November 2013 to $265,000 in the 12-months ending November 2014.
  • Median closed price for single family homes in the $2 million and above price category increased 50 percent month over month from $2,600,000 in November 2013 to $3,900,000 in November 2014.
  • Overall inventory decreased 10 percent from 4,584 homes in November 2013 compared to 4,136 homes in November 2014.
  • Average day on market for November is at 79. 
To read the entire article please visit here

Featured Listing 

River Oaks of Palm River
$799,000
380Sharwood
Visit here to view more information on this property.

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About yournapleshome

Karen is originally from Cape May County, New Jersey but considers herself a Floridian due to the many years she has resided in this sunny state! She has two children, Kimberly and Jennifer. Kimberly graduated form the University of Florida in 2000 and resides in Naples with her husband and two children. She works in education . Jennifer graduated from the University of Florida in 2006 and resides with her husband in Raleigh, North Carolina. She currently works for the Sweatlock Team as a marketing executive. The Sweatlock Team provides top-notch personable and professional real estate services, custom marketing for listings, efficient and honest service, fair representation, and a team that is ready to work for you! All combined with great expertise and impeccable service- a combination that can't be beat! Our clients are clients for life.
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