NAPLES GOLF GUY BLOG

Naples first quarter market report 2017

NAPLES FIRST QUARTER MARKET REPORT 2017

Naples First QuarterNaples first quarter real estate sales show solid results based on the latest statistics released by the Naples Area Board of REALTORS® (NABOR®).

As analysts predicted,  sellers  are starting to adjust prices downward.  As a result, buyers are seeing more reasonable list prices and therefore are making more solid offers. Overall, statistics show increases in pending and closed sales, making the first quarter of 2017 as solid as expected.

Although the beginning of the year started slower than anticipated, the first quarter of 2017 showed more activity than last year due to a strong March.  Additionally, buyers are scheduling return trips to Naples during May, June and July to take advantage of the lower priced properties.

Quarter Over Quarter

Talis Park Homes for Sale in Naples FloridaOverall, the report showed median closed prices increased only 2 percent.  The increase was primarily due to a 3 percent increase in the $300,000 and below price category. Most price categories showed slight decreases or no change at all.

However, one exception was single family homes priced between $300,000 to $500,000 which jumped 14 percent. Thus, the median closed price for single family homes increased from $339,000 in the first quarter of last year up to $387,000 in the 1st quarter of 2017.

First Quarter Highlights

The Naples FL real estate activity in the condo market during the first quarter of 2017 was impressive. In fact, both condominium closed sales and pending sales increased 19 percent.  Additionally, the medial sales price rose 3 percent from $260,000 to $270,000 when comparing Q1 of 2017 versus 2016.  Finally, inventory of condos continued to increase as it has the past several months.  In all, we have an 8.89 months worth of inventory on the market.

Geographically, the market had some hot areas of action during the first quarter of 2017. Of note was Central Naples (34104, 34105, 34116), which saw a 74 percent increase in single-family home inventory to 634 single-family homes in the 1st quarter of 2017 from 364 single-family homes in the 1st quarter of 2016. And the median closed prices for single-family homes in South Naples (34112, 34113) increased 22 percent in the 1st quarter of 2017 to $386,000 from $317,000 in the 1st quarter of 2016.

So if you are considering buying a home in Naples, now is the time.  We’ve seen a decrease in prices and an increase in inventory giving buyers more to chose from.

 First Quarter 2017 Market Report

CATEGORIES 1Q 2016 1Q 2017 CHANGE
Total homes under contract (pending sales) 2,786 3,097 11%
Total closed sales 518 613 14%
Median closed price $323,000 $333,000 2%
Median closed price >$300K $545,000 $510,000 -6
Total active listings (inventory) 5,577 6,466 13%
Average days on market 79 99 23%
Single-family closed sales 261 294 8%
Single-family median closed price $425,000 $402,000 -1%
Single-family inventory 2,978 3,259 8%
Condominium closed sales 257 319 19%
Condominium median closed price $260,000 $270,000 3%
Condominium inventory 2,599 3,204 19%

 

View Naples First Quarter 2017 Market Statistics

Is Cash Still King?

The March Market Report also indicated a trend in how buyers are purchasing homes in Southwest Florida.  Although a majority of buyers are still paying cash for their home purchases in our area, it’s not quite as high as it’s been in the past few years.

  • In March 2014, cash sales comprised 74 percent of all sales for the month.
  • In March 2015 cash sales represented 73 percent of all sales for the month
  • In March 2016 cash sales fell to 67 percent of all sales for the month.
  • In March 2017 cash sales accounted for 64 percent of all sales made in the month

Ultimately, more buyers are using financing to purchase homes in our area.

View March 2017 Market Statistics

Buying a Home?

Finally, when you are ready to buy a condo or home in Naples, you will find it is more complex than a typical home purchase. Many communities have various fees and assessments that are not always obvious when you begin your property search.  Also, if you have pets, there often restrictions on what type of pets and how big your pet can be. Lastly, demographics vary significantly in each community.

So when you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you.  I can help provide the market information and more importantly, provide insights to help ensure you select the best community to match your needs.

Most importantly, I will manage all of your contract negotiations to ensure your real estate transaction is effortless from the first offer to closing!

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 23, 2017 Posted by Matt

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Naples Area Events

Naples Area Events

We have plenty of Naples area events to chose from this weekend.  The highlight of the weekend will be the U.S. Open Pickle Ball Championships at east Naples Community Park.  Additionally there are multiple farmers markets to attend or you can head to the Conservancy of SWFL for their annual Earth Day Festival.

Naples Area EventsThird Street South Farmers Market – 22nd
7:30 AM – 11:30 AM
Behind Tommy Bahamas
More Info call (239) 434-6533
www.thirdstreetsouth.com/

Earth Day Festival – 22nd
10:00 AM – 4:00 AM
The Conservancy of Southwest Florida
More Info call (239) 262-0304
www.conservancy.org/

Naples Concert Band – 22nd
2:00 PM – 4:00 PM
Cambier Park Bandshell
More Info call (239) 877-6090

Farmers Market – 23rd
8:00 AM – 12:00 PM
Venetian Village
More Info call (239) 961-2975
www.venetianvillage.com/

US Open Pickleball Champtionships – 23rd-30th
7:30 AM – 11:30 AM
East Naples Community Park
More Info call (239) 793-4414
www.usopenpickleballchampionship.com/

View All Naples Area Events

Bottom Line:

Naples is a great place to retire or relocate.  If you are looking for a wide variety of activities, Naples has something to match everyone’s lifestyle.

When you are ready to purchase a single family home or condo in Naples, let me be your guide. With more than 15 years of experience I can help provide the market information and more importantly, provide insights into individual communities to help ensure you select the best property to match your needs.

Lastly, I will manage all of your contract negotiations to ensure your real estate transaction is effortless from the first offer to closing.

About Matt Klinowski


Naples Golf GuyMatt Klinowski has lived in Naples for more than 15 years.  He is an expert on the local Naples, Bonita Springs and Estero real estate market and specializes in real estate within golf communities.  Matt enjoys the laid back lifestyle in Naples with his wife Michele. (More about Matt…).
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 22, 2017 Posted by Matt

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Lely Resort Open House Sunday

Lely Resort Open House Sunday 1-4 PM April 23rd

Stop by and visit my Lely Resort open house Sunday from 1 to 4 pm!  And, I’d be happy to give you a tour of this single-family home in the Caldecott Neighborhood of Lely Resort.

Lely Resort Single Family Home Located at 6485 Caldecott Naples 34113

Lely Resort Open House Sunday

$519,000 and Fully Furnished

Conveniently located near 951, this condo is perfect for someone looking to relocate or buy a vacation home.  Also, it’s an easy commute to the airport so you can fly in and out for a quick weekend getaway.

If you are in Naples, stop by and see me for a private tour of this home in the Caldecott neighborhood of Lely Resort.

Buying a Home?

Finally, when you are ready to buy a condo or home in Naples, you will find it is more complex than a typical home purchase. Condos have various fees and assessments that are not always obvious when you begin your property search.  Also, if you have pets, there often restrictions on what type of pets and how big your pet can be. Lastly, demographics vary significantly in each community.

So when you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you.  I can help provide the market information and more importantly, provide insights to help ensure you select the best community to match your needs.

Most importantly, I will manage all of your contract negotiations to ensure your real estate transaction is effortless from the first offer to closing!

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 20, 2017 Posted by Matt

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Recent Collier real estate transactions

Recent Collier Real Estate Transactions

February 20th through 26th 2017

Recent Collier real estate transactionsOverall, during the week of February 20th through the 26th, 266 real estate transactions closed in Collier County.  East Naples had the most sales with a total of 57 sales.

Further, of the 57 properties sold in East Naples,there were 21 real estate transactions with 37 percent of them being single family homes. And 58 percent of them were condos.  In addition, in Marco Island, there were 25 sales, 53 percent of which were condo sales.

In summary, 110 condos, 103 single family homes, 51 vacant lots and 2 mobile homes sold during the week.

Collier Real Estate Transactions by zip code

City of Naples

  • 34102 – 10 properties sold (1 vacant lot, 2 single family homes and 7 condos)

Naples Florida

  • 34103 – 15 properties sold (7 single family homes and 8 condos)
  • 34105 – 11 properties sold (3 single family homes and 8 condos)

North Naples

  • 34109 – 15 properties sold (2 vacant lots, 5 single family homes and 8 condos)
  • 34110 – 14 properties sold (6 single family homes and 8 condos)
  • 34119 – 19 properties sold (3 vacant lots, 10 single family homes and 6 condos)

East Naples

  • 34104 – 15 properties sold (5 single family homes and 10 condos)
  • 34112 – 19 properties sold (2 mobile homes, 4 single family homes and 13 condos)
  • 34113 – 23 properties sold (1 vacant lot, 12 single family homes and 10 condos)

Eastern Collier County

  • 34114 – 16 properties sold (6 vacant lots and 10 singles family homes)

Golden Gate

  • 34116 – 4 properties sold (4 single family homes)

Barefoot Beach

  • 34134 – 1 properties sold (1 condo)

Big Cypress

  • 34117 – 18 properties sold (15 vacant lots and 3 singles family homes)

Chockoloskee

  • 34138 – 2 properties sold (2 condos)

Coco River

  • 34108 – 38 properties sold (17 vacant lots, 15 single family homes and 6 condos)

Corkscrew

  • 34120 – 26 properties sold (17 vacant lots and 9 single family homes)

Everglades City

  • 34139 – 1 property sold (1 Condo)

Immokalee and Ave Mariea

  • 34142 – 5 properties (4 vacant lots, 1 single family home)

Marco Island

  • 34145 – 25 properties (1 vacant lot, 10 single family homes and 14 condos)

Recent Collier Real Estate Transactions Feb. 20 to 26th

Begin Your Own Property Search:

When you are ready to begin your own property search click here. Or, I would be happy to help provide a list of properties that meet your criteria.

Bottom Line:

Finally, if you are buying a home in a golf community, you will find it is a more complex than a normal home purchase.  As you can probably imagine, there is a significant difference between golf courses.  Also, there are hidden fees, different membership fees, pet restrictions and very different demographics in each community.

So, if you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you.  Most importantly, I can provide the market information and insights to help make sure you select your dream home.

Lastly, I will handle all of the contract negotiations for your property from offer to close.

About Matt Klinowski


Naples Golf Guy
April 18 2017 Posted by Matt

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Lely Resort open house Saturday

LELY RESORT OPEN HOUSE

Saturday April 15th 1-4 PM

Single Family Home Located at 6485 Caldecott Naples FL 34113

Open House

$519,000 and Fully Furnished

Conveniently located near 951, this condo is perfect for someone looking to relocate or buy a vacation home.  Also, it’s an easy commute to the airport so you can fly in and out for a quick weekend getaway.

6485 Caldecott

View More about this Lely Resort Property

Bottom Line:

Finally, for a private tour of this home, stop by the open house this Saturday from 1-4 pm in Lely Resort. Or, when you are ready to buy a condo or home in a golf community in Naples, you will find it is more complex than a typical home purchase.  Condos have various fees and assessments that are not always obvious when you begin your property search.  Also, if you have pets, there often restrictions on what type of pets and how big your pet can be. Lastly, demographics vary significantly in each community.

So when you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you.  I can help provide the market information and more importantly, provide insights to help ensure you select the best community to match your needs.

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 12, 2017 Posted by Matt

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Lee County Permits Increased

LEE COUNTY PERMITS INCREASED FOR SINGLE-FAMILY HOMES IN MARCH 2017

lee county permits increasedDuring the month of March, the number of Lee County permits pulled for single family homes increased from 100 in 2016 up to 118 in 2017.  This represents an 18 percent increase over March of last year.  And, the total value of the permits pulled this March for Single Family homes was approximately $27.7 million.

On the other hand, builders pulled 48 condo permits last year versus 18 units this year.

Also, general commercial activity was valued at about $4.2 million for 30 permits, compared with about $5.2 million in February 2017 and about $8.1 million in March 2016.

Finally,  Lee County Community Development issued 4,599 permits of all kinds in March.

For more information visit Lee County Department of Community Development.

Bottom Line:

Finally, you will find buying a home in Lee County is more complex than a typical home transaction. Thus, when you are ready to buy or sell a golf condo or home in southwest Florida, I’m your guy. With more than 100-plus golf communities in Southwest Florida it can be a challenge to determine which one is right for you.  So, for information about a specific golf community, contact me for a list of properties that will meet your lifestyle criteria.

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 11, 2017 Posted by Matt

 

 

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Naples Golf Guy Report April 2017

Naples Golf Guy Market Report April 2017

Golf GuyThe Naples Golf Guy Market Report is for you if you are interested in the latest trends and statistics in real estate for Naples, Bonita Springs and Estero?

We are at the end of season.  In Naples, there are more choices and better prices due to increasing inventory and more sellers are lowering prices.  In Bonita and Estero, both single-family home and condo closed sales and prices continue to increase. So, if you are considering buying property you can’t beat the current market conditions. Prices are just going to keep go up. And, if you are thinking about selling your home, there’s still time to put it on the market if you want to sell before season comes to an end.

Read more…

Naples Golf Guy Report

View Report

Bottom Line:

Finally, you will find it is more complex than a typical home transaction. Thus, when you are ready to buy or sell a golf condo or home in southwest Florida, I’m your guy. With more than 100-plus golf communities in Southwest Florida it can be a challenge to determine which one is right for you.  So, for information about a specific golf community, contact me for a list of properties that will meet your lifestyle criteria.

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 7, 2017 Posted by Matt

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Collier Real Estate Transactions

 

Collier Real Estate Transactions

February 2nd through 12th 2017

Collier Real Estate TransactionsThere was a total of 166 Collier real estate transactions closed during the week of February 2nd through the 12th.  Both North Naples and East Naples had the most transactions during this time period.

North Naples included 33 real estate transactions with 42 percent of them being single family homes. And 52 percent of them were condos.  And, in East Naples, there were 35 sales, 63 percent of which were condo sales.

Collier Real Estate Transactions by zip code

City of Naples

  • 34102 – 4 properties sold (1 vacant lot, 1 single family home and 2 condos)

Naples Florida

  • 34103 – 9 properties sold (1 vacant lot, 2 single family homes and 6 condos)
  • 34105 – 5 properties sold (2 single family homes and 3 condos)

North Naples

  • 34109 – 8 properties sold (4 single family homes and 4 condos)
  • 34110 – 14 properties sold (1 vacant lot, 4 single family homes and 9 condos)
  • 34119 – 11 properties sold (1 vacant lot, 6 single family homes and 4 condos)

East Naples

  • 34104 – 8 properties sold (2 single family homes and 6 condos)
  • 34112 – 18 properties sold (2 vacant lot, 3 single family homes and 13 condos)
  • 34113 – 9 properties sold (1 vacant lot, 2 single family homes and 6 condos)

Eastern Collier County

  • 34114 – 20 properties sold (2 vacant lots, 6 singles family homes, 3 mobile homes and 9 condos)

Golden Gate

  • 34116 – 11 properties sold (8 single family homes and 2 condos)

Big Cypress

  • 34117 – 10 properties sold (5 vacant lots and 5 singles family homes)

Coco River

  • 34108 – 10 properties sold (4 single family homes and 6 condos)

Corkscrew

  • 34120 – 26 properties sold (17 vacant lots and 9 single family homes)

Everglades City

  • 34139 – 1 property sold (1 Condo)

Goodland

  • 34140 – 2 properties sold ( 1 single family home and 1 condo)

Immokalee and Ave Mariea

  • 34142 – 6 properties (2 vacant lots, 2 single family homes and 2 condos)

Marco Island

  • 34145 – 22 properties (9 vacant lots, 5 single family homes and 8 condos)

Collier Real Estate Transactions February 6th to 12th

Begin Your Own Property Search:

When you are ready to begin your own property search click here. Or, I would be happy to help provide a list of properties that meet your criteria.

Bottom Line:

Finally, if you are buying a home in a golf community, you will find it is a more complex than a normal home purchase.  As you can probably imagine, there is a significant difference between golf courses.  Also, there are hidden fees, different membership fees, pet restrictions and very different demographics in each community.

So, if you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you.  Most importantly, I can provide the market information and insights to help make sure you select your dream home.

Lastly, I will handle all of the contract negotiations for your property from offer to close.

About Matt Klinowski


Naples Golf Guy
April 4 2017 Posted by Matt

Featured 2017 April Listings

Feature April Listings

FEATURED PROPERTIES IN NAPLES AND BONITA SPRINGS

The Colony – 23810 Tuscany Way – $2,499,000 (More about The Colony Lifestyle)

Single Family Home

4 Beds and 5.5 Baths

5,897 Sq. Ft.

Built 2002

Private Naples Golf Community – Equity Membership

(More about this property) – (More about The Colony) – (The Colony Single Family Homes) – (The Colony Condos)

Quail West –  6524 Highcroft Drive– $1,780,000 (Price Reduced)

Quail West PropertiesSingle Family Home

4 Beds + Den and 4.5 Baths

4,423 Sq. Ft.

Built 1995

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Quail West) – (Quail West Single Family Homes)

Shadow Wood –  22280 Banyan  Hideaway Drive– $1,699,000

April ListingsSingle Family Home

4 Beds and 4.5 Baths

4,406 Sq. Ft.

Built 2002

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Shadow Wood) – (Shadow Wood Single Family Homes) – (Shadow Wood Condos)

Grey Oaks – 2165 Asti Court – $1,595,000

December Featured ListingsSingle Family Home

4 Beds and 3.5 Baths

4,311 Sq. Ft.

Built 2016

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Grey Oaks) – (Grey Oaks Single Family Homes) – (Grey Oaks Condos)

 

Pelican Bay – 811 Pine Village Lane – $1,149,999 (Price Reduced $50,000)

Pelican Bay HomeSingle Family Home

4 Beds and 4 Baths

2,424 Sq. Ft.

Built 1988

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Pelican Bay) – (Pelican Bay Single Family Homes) – (Pelican Bay Condos)

 

Palmira– 28560 Chianti Terrace – $983,000 (Sold for List Price)

Palmira Single Family HomesSingle Family Home

3 Beds and 3 Baths

3,139 Sq. Ft.

Built 2013

Private Naples Golf Community – Equity Membership

(More about Palmira) – (Palmira Single Family Homes) – (Palmira Condos)

 

Olde Cypress – 2753 Olde Cypress Dr. – $949,900 (Sold at List Price)

Featured July ListingsSingle Family Home

4 Beds, 3.5 Baths

3,400 Sq. Ft.

Built 2002

Private Naples Golf Community – Equity Membership

(More about Olde Cypress) – (Olde CypressSingle Family Homes)

 

Colliers Reserve – 1029 Barcarmil Way – $769,900 (Lowest Priced Property in Colliers)

Featured September ListingsSingle Family Home

5 Beds + Den, 4 Baths

3,438 Sq. Ft.

Built 1996

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Colliers Reserve) – (Colliers Reserve Single Family Homes)

 

Wyndemere Country Club – 171 Edgemere Way S. – $749,000 (Contract Pending)

Wyndemere HomesSingle Family Home

3 Beds plus Den, 3.5 Baths

2,969 Sq. Ft.

Built 1987

Private Naples Golf Community – Equity Membership

(More about Wyndemere) – (Wyndemere Single Family Homes) – (Wyndemere Condos)

 

Lely Resort – 6485 Caldecott Dr. – $519,000 (NOW Fully Furnished!!!)

Lely Resort HomeSingle Family Home

3 Beds, 2 Baths

1,958 Sq. Ft.

Built 2011

Private Naples Golf Community – Equity Membership or Pay as you Play

(More about this property) – (More about Lely Resort) – (Single Family Homes in Lely) – (Condos in Lely)

 

Sherwood – 385 Robin Hood Circle #101 – $229,000

SherwoodCoach Home

3 Beds, 2 Baths

1,630 Sq. Ft.

Built 2004

Gated Naples Community

(More about this property)

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
 
April 3, 2017 Posted by Matt

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Mortgage rates still low

Mortgage Rates Still Historically Low

mortgageMortgage rates for a 30 year fixed mortgage fell from 4.23 percent to 4.14 percent this week. A year ago, the mortgage rate was 3.71 percent.

And, if you compare today’s mortgage rates to the all time low of 3.31 percent in November of 2012, rates are still historically very low.

What was the all time high? Unbelievably, the all time high was 18.63 percent in October of 1981.

So, although rates are steadily rising, they are still historically low.  Frankly, it’s cheap to borrow money right now. If you are considering buying a home, now is a great time.

Bottom Line:

When you are ready to take advantage of the low interest rates and buy a golf condo or home in southwest Florida, let me be your guide.  You will find buying a home in our area is more complex than a typical home purchase.  For example, condos have multiple fees and assessments that are not always obvious.  Also, if you have pets, there are almost always restrictions on what type of pets you can have and how big your pet can be. Finally, demographics vary significantly in each community.

Not only will I help you find the home of your dreams, I’ll handle all the negotiations to make your real estate transaction as effortless as possible.

About Matt Klinowski


Naples Golf Guy
Contact Matt:  Matt@NaplesGolfGuy.com
or at 239-370-0892
April 1, 2017 Posted by Matt