Featured ListingPelican Bay – St. TropezBeautifully upgraded 2BR/2BA plus Den unit with sunset views of the Gulf of Mexico and Clam pass. Gorgeous new kitchen cabinets with granite countertops and granite bath vanities and hardwood flooring! Enjoy all the amenities of Pelican Bay with its private beach, tennis, fitness and steps from the boardwalk tram to beach restaurants! Close to Waterside Shops & the famous Mercato shopping center!Offered at $585,000Bed/BA: 2BR/2BAYear Built: 1988Building Design: High Rise (8+)2013 Taxes: $3,025MLS #: 214018001Master HOA: $416 quarterlyHOA Fees: $1974 quarterlyLiving Area: 1,290Total Area: 1,415Water/Sewer: CentralLiving/Dining: 24 x 16 x 13Kitchen: 12.6 x 9Den: 11 x 9.6Master Bedroom: 14.6 x 12.42nd Bedroom: 12 x 10Porch: 16.6 x 11.8Terrace: 15.6 x 6Construction: Concrete Block/Stucco
Housing Market shows rising prices in FebruaryAn article from FloridaRealtors.org reported that, “higher median prices, more new listings, fewer days on the market and a stable level of inventory in February, according to the the latest housing data released by Florida Realtors.” A total of 15,826 were closed sales for single-family homes statewide, up 1.5 percent from February 2013.Distressed properties listed for sale are diminishing with a return of more of a traditional housing market. New listings for single-family homes in February rose 11.6 percent, while new townhome-condo listings rose 4.6 percent.“The statewide median sales prices for single-family existing homes last month was $165,000, up 10 percent from the previous year, according to data from Florida Realtors Industry Data & Analysis department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in February was $132,500, up 15.2 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.”Also, according to the National Association of Realtors (NAR), “the national median sales prices for existing single-family homes in January 2014 was $188,900, up 10.4 percent from the previous year; the national median existing condo price was $188,700.”Study: U.S. housing recovery uneven across markets“Over the next five years, the median price of single-family homes will approach the peach reached before the housing market tanked in 2006, predicts the Demand Institute, a nonprofit think tank run by The Conference Board and Nielsen.”The institute predicts that some local markets will rebound faster than others, creating an unbalanced recovery.The national median price is expected to grow at an annual rate of 2.1 percent from 2015 to 2018 driven primarily by new-household formation, according to the study.
Average 30-year mortgage rate falls to 4.32%The average U.S. rates on fixed mortgages declined, getting closer to historically low levels. Freddie Mac said that the average rate for the 30-year loan fell to 4.32 percent from 4.37 percent. The average for the 15-year mortgage ease to 3.32 percent from 3.38 percent.“This increase was driven by speculation that the Federal Reserve would reduce its $85 billion-a-month bond purchases, which have helped keep long-term interest rates low. “The National Association of Realtors reported, “that sales of U.S. existing homes slipped in February, the sixth decline in seven months as severe winter weather, rising prices and a tight supply of homes discouraged buyers.”There are still some signs that the market could pick up in the coming months. Sales improved in the South and West, where weather was less of a factor.
Senate Passes Flood Insurance With House AmendmentsOn March 13, 2014, the United States Senate voted 72-22 to approve the Homeowner Flood Insurance Affordability Act (H.R. 3370). “The Senate acted quickly to pass the bill as amended by the House to avoid the need for a conference committee to reconcile any differences. The new bill further reins in and holds the Federal Emergency Management Agency (FEMA) accountable for the Biggert-Waters implementation issues.”“As passed, the bill repeals FEMA’s authority to increase premium rates at time of sale or new flood map, and refunds the excessive premium to those who bought a property before FEMA warned them of the rate increase. The bill limits premium increases to 18% annually on newer properties and 25% for some older ones. Additionally, the bill adds a small assessment on policies until everyone is paying full cost for flood insurance. President Obama signed the bill into law on March 21, 2014. NAR had urged a swift vote in the Senate.”To view the video click here.This article was referenced from the realtor.org.April Events in NaplesApril 2nd — Dancing Under The Stars at MercatoApril 4th — First Friday Arts Day at Waterside ShopsApril 6th — Naples Music Festival, located on Third Street South. 239-434-6533April 5th-6th — Marco Island Festival of the Arts, located at Veteran’s Park off North Collier Boulevard in Marco IslandApril 10th — Evening on Fifth. Enjoy live music, shopping, dining, dancing on Fifth Avenue South.April 19th — Easter Egg Hunt at Naples Botanical, 9am to noon. Located at 4820 Bayshore Drive. 877-433-1874
Featured Listing2389 Turnberry Court, Pelican MarshLocated in one of North Naples upscale neighborhoods and close to Mercato with fine restaurants and great shopping. Absolutely stunning private Lakefront views overlooking fountain from the extra-large lanai with heated pool & spa. Custom built in 2000 and beautifully maintained with open floor plan including summer kitchen–perfect for entertaining.Offered at $1,250,000BED/BA . . . . . . . . . . . . . . . 4BR/3.5BALIVING AREA . . . . . . . . . . . . . . . 3,397YEAR BUILT . . . . . . . . . . . . . . . .2000MASTER BEDROOM . . . . . . . . . . . 20 x 15TOTAL AREA . . . . . . . . . . . . . . . 4,943 2nd BEDROOM . . . . . . . . . . . . . . 16 x 12BUILDING DESIGN . . . . . . . Single Family 3rd BEDROOM. . . . . . . . . . . . . . .16 x 12WATER/SEWER . . . . . . . . . . . . Central4th BEDROOM. . . . . . . . . . . . . . 15 x 172012 TAXES . . . . . . . . . . . . . . $11,442LIVING ROOM . . . . . . . . . . . . . 17 x 76MLS # . . . . . . . . . . . . . . . . 214009358DINING ROOM . . . . . . . . . . . . . 21 x 12DEN . . . . . . . . . . . . . . . . . . . . 15 x 12KITCHEN . . . . . . . . . . . . . . . . 15 x 14LANAI . . . . . . . . . . . . . . . . . . . 30 x 61FAMILY ROOM. . . . . . . . . . . . . .19 x 16GARAGE . . . . . . . . . . . . . . . . . 25 x 22
January 2014 data points to homebuying season early startAn article from Realtor.com, posed that 2014 homebuying season has begun on a positive note despite all of the sever weather conditions across the country. Data reveals that the median list price for January 2014 is 8.3 percent above levels from January 2013. The number of properties for sale is up 3.1 percent and the median age of inventory is unchanged, indicating a transition to a less frenzied market compared to January 2013.“January’s start compared to year-ago levels is an encouraging sign of sellers’ interest, particularly given the adverse conditions brought on by the polar vortex,” said Errol Samuelson, president of Realtor.com. “We saw the tight-supply market of last fall carry all the way into November – later than is typically expected – and this early rise in inventory is a welcome trend. The sustained median list price growth supports the gains we saw last year, and sellers are responding with confidence in that consistency. We will continue to watch inventory movement in the coming months as we move further into typical seasonal patterns, but anticipate a more balanced buying market.”
The national median existing home price is projected to rise 5 to 6 percent in 2014, according to the National Association of Reatlors (NAR).To read more of this article please visit www.floridarealtors.org
Freshen Up Your Home, Spring has SprungMarch is a great place to begin to get a fresh start around the house. Here is a checklist to get your house for Spring.1. Clear the Kitchen. Completely declutter the kitchen surfaces and then scrub the countertops and walls. After this has been done, step back and admire how beautiful your kitchen looks without all the extra appliances and random clutter. Consider putting back only the items you use daily, and store the rest in your pantry or in your cabinets.2. Clean out the pantry. If you have a fairly large pantry this task could take a few days. Break it down and do one shelf at a time. Toss expired food and purging of things you know you will never use or even donate them to a local food pantry. Consolidate! Pour the last few grains of rice into a new container and toss out the empty packages to make more room.3. Beautify your command center. The place in your kitchen or entryway is often the hub of all of your household activities and tends to be swamped with piles of paper and random clutter. Take time to clear the decks, file papers, log upcoming events in the calendar and put things away. Add something beautiful, a pretty cloth covered box to keep your papers tidy, a few small framed prints and or a potted plant.4. Launder and mend soft furnishings. Early spring is a great time to clean soft furnishings, such as, slipcovers, pillow covers, curtains, shower curtains, etc. Either launder the smaller items at home or bring the larger pieces to a pro.5. Spring clean your wardrobe. Take the time to your through your entire wardrobe. Purge of the ill-fitting and unworn, and setting aside winter clothes that are ready to be cleaned and stored. If clothes have been stored away and are a bit stale, fluff them in the dryer before putting or hanging them up.6. Clear clutter in the mudroom. Go through every shelf, cubby and drawer, and put away the things you are no longer using. Pull out that umbrella for spring showers!7. Spiff up the porch. Make it look more inviting. Inspect the floor and repaint if needed. Sweep away cobwebs, wipe down the mailbox and porch light. Freshen it up with a new doormat and put out a few plants.8. Swap out storm windows for screens. This pertains to those who use storm windows in the winter and the worst weather has passed. Swap them out for screen doors and put up screens on all the windows.9. Inspect the exterior. Inspect the roof, siding, gutters and yard. Call in a professional to repair any openings or for any needed repairs.Have any tips that we forgot? Feel free to share them with us.
Tips are from Houzz.com
February 2nd — Groundhog Day
Small Steps for Keeping Your Housekeeping Resolutions
January sometimes bring the mere thought of a huge drum of worry and stress. Instead of making resolutions that seem so grandor and impossible, what if we made things simple and took them slowly? How do we do this and maintain them, permanently?
Here are a few suggestions:
Remember that you’re not the only one.
Determine your fitness level. “It’s easy to compare ourselves and our homes to others and their homes, but that’s not really helpful. Figuring out your level of fitness is just another way of facing reality. And it’s important to do so without judgement. The goal is to become stronger and move to the next level, rather than bemoan what is. This applies to every sort of fitness, whether it’s physical, emotional, relational, organizational–you name it,” says Alison Hodgson, Houzz Contributor.
Target a muscle group. If you want to organize your home, you need to start with one room, and even then narrow your focus.
Choose an exercise. If you decide your pantry is where you would like to start, you decide what you are doing first. Choose one small thing you can do every day and then just do it.
Don’t worry about the rest. Once you’ve tackled your one small thing, you’ll know what you want to work on next.
To read the entire article please go the following link below:
Naples January Events
January 1, 2014– New Year’s Day!
January 8, 2014 – Dancing Under the Stars’ at Mercato! 6pm-9pm, Mercato Shopping Center
January 11, 2014 – Paddleboard Fitness and Yoga, 8:30-10am, Beach 2nd Ave North. 239-591-3199
January 19, 2014 – Naples Daily News Half Marathon 2014, 7-9:45am. Race starts at 5th Avenue South, 239-434-9786.
January 20, 2014 – Martin Luther King Jr.
January 24-26, 2014 – Naples Winter Wine Festival. The Ritz-Carlton Golf Resort. 239-514-2239
January 25-26, 2014 – Swamp Buggy Races. 12:30-3:30pm Saturday, 12:30-4:30pm Sunday. 8250 Collier Blvd. Florida Sports Park.
Closed sales from January to October 2013 increased 10% from the same time period in 2012. YTD closed sales in the $250,000 – $500,000 price range and properties priced between 750,000 and $1,000,000 have posted the largest increases, up 31% in each category over prior year. In the luxury home market above $1,000,000, the average closed price for sales in October 2013 is $2,280,793, which is 13% higher than 2012. Sales greater than $5,000,000 almost doubled year to date with 41 sales this year vs. 21 for the same period 2012.
Pended sales through October 2013 are 10% higher than the same time period in 2012 and the highest on record during the past 10 years. The number of pended sales in all price segments increased over prior year with the exception of properties priced below $250,000, which decreased 4%.
The number of new listings placed on the market in October is down from prior year and 10% below the five year average for the month. On November 1, 2013, available inventory in the combined Naples, Bonita Springs and Estero market stands at 5,371 units (2,697 single family homes and 2,674 condominiums). This represents a 5.3 month supply based on the number of closings in the past 12 months, and is a 17% decline from October 2012 when there was a 7.2 month supply
7— Pearl Harbor Remembrance Day
15 — Bill of Rights Day
17— Full Moon
21 — Winter Solstice
25 — Christmas Day
31 — New Year’s Eve
Time is Running Out to Claim Energy Tax Credits!
The end is drawing near to 2013 so don’t miss your chance to claim your energy tax credits! The Federal Government has extended the $500 tax credits for energy-efficient home improvements through the end of this year. If you have made any recent improvements or upgraded certain systems you may be in luck! How do you know if you qualify? Check out HouseLogic’s article “How to Claim Your Energy Tax Credits” for more details!
And finally, as we enter the month of December, we hope you all have a very Merry Christmas and a Happy New Year!
Annual Holiday in the Park
A blizzard in the park marks a sunny December day one to remember each year! This magical free family-friendly event located in Riverside Park at 26740 Pine Avenue in Bonita Springs on December 3rd, includes a blizzard in the park, giant slow slide, a snow fall area for kids, live holiday music, a holiday train and horse drawn carriage rides, free apple cider and cookies, and more. All children fourteen and younger receive a toy and a chance to meet Mr. and Mrs. Claus!
For more information call (239) 949 -6262 or visit http://www.cityofbonitasprings.org/events/holiday-in-the-park-2/
Holiday Express Festival of Lights
Ready to celebrate the season with a festive ride through the train village? The Holiday Express Festival of Lights Event runs nightly from December 14th to Dec 30th, 2013. (However, is will be closed December 15th due to Lakeside Country Concert, Christmas Eve and Christmas Day.) Tickets are just $5.00 for ages 6+ and $2.00 for ages 1-5. Located at Lakes Regional Park at 7330 Gladiolus Drive in Fort Myers, the event’s hours of operation are nightly from 6PM to 8:45PM. For more information, call (239) 267-1905.
October has arrived and in our area that means the beginning of season, along with Fall Festivals, Football Games and the beautiful Florida weather!
More Homes are coming to the market. Most of the areas with the smallest inventory are seeing increases in the number of homes for sale between May & June; Naples being one of them. From the article, from MSN, ” The number of homes listed for sale grew 4.26% from May to June, with a total of 1.93 million listed for sale nationwide.”
With the lower inventory levels, it has become a seller’s market—is it your turn to sell? Are you curious about what the market is doing in your neighborhood? Do you want to know what your neighbor’s home sold for? Contact Karen Sweatlock today!
August & September Events:
Naples Beach Brewery Tour & Tasting, Tour starts at 3pm, 4110 Enterprise Ave, Suite 217
Outside Live Entertainment at CJ’s, 6pm-9pm, Marco Island
Farmer’s Market on Third Street South, 7:30am-11:30am
Summer Jazz On The Gulf at Naples Beach Hotel & Golf Club, 7pm-10pm
Evening on Fifth, Festive Sidewalk Entertainment. 7pm-10pm
Thursdays on Third, Live Music 6:30pm-9:30pm