Naples Real Estate News and Market Condition Reports

Estero Homes for Sale Inventory

Mon, 20 Oct 2008 08:00:50 PDT

The actual number of Estero homes for sale increased from August to September, with homes for sale increasing by 19 homes. The total available homes was 456 in August versus 476 at the end of September. However, due to the level of closed sales the months of inventory for Estero homes for sale has remained [...]Click here to learn about Naples real estate.

Bonita Springs Condos for Sale Inventory

Mon, 20 Oct 2008 06:59:26 PDT

Before making a decision to selling or buy a condo in Bonita Springs it is important to know and understand the months of inventory available for sale within Bonita Springs. As a seller you want to know how many condos are competing with you for the prospective buyers looking at homes, as well as how [...]Click here to learn about Naples FL real estate.

Bonita Springs Homes for Sale Inventory

Mon, 20 Oct 2008 06:08:57 PDT

Before making a decision to selling or buy a home in Bonita Springs it is important to know and understand the months of inventory available for sale within Bonita Springs. As a seller you want to know how many properties are competing with you for the prospective buyers looking at homes, as well as how [...]Click here to learn about Estero real estate.

Naples Condo Inventory

glenn ginsburg — Mon, 20 Oct 2008 06:31:42 PDT

The number of Naples condominiums available for sale at the beginning of October was 4716. The absolute number of listings increased by 41 condos over the 4675 listings at the beginning of September. Therefore, the months of inventory remained stable at 29 months. Viewing the months of inventory for the 12 month moving average trend [...]Click here to learn about Naples Florida real estate.

Naples Homes Inventory

Thu, 16 Oct 2008 13:00:20 PDT

The actual number of Naples homes for sale remained level from September to October, with fewer homes for sale by 3. The total available homes was 5247 in September versus 5244 in October. However, due to the level of closed sales the months of inventory for Naples homes for sale has decreased one month from [...]Click here to learn about Naples FL real estate.

Fed Rate Drops .5 Percent

Thu, 16 Oct 2008 13:00:40 PDT

In a surprise move, the Fed slashes rates by 50 basis points today. How will this effect interest rates on mortgages? Federal Reserve cuts in the federal funds rate have an unpredictable impact on long-term mortgage rates. So it�s impossible to know for sure when � or even if � rates will fall as a result of [...]Click here to learn about Pelican Bay in Naples Florida.

Bonita Springs Condo Market Update

glenn ginsburg — Mon, 06 Oct 2008 06:48:22 PDT

August Activity: Listings: During the month of August 94 Bonita Springs condominiums were listed for sale. For the same month in 2007, 121 condominiums were listed for sale; this represents a decrease of 22.3 percent. The decrease from 2006 was 36.1 percent from the 147 new listings. In July 2008 there were a total of 132 condominiums listed [...]Click here to learn about Estero real estate.

Bonita Springs Market Update Homes

Glenn Ginsburg — Mon, 06 Oct 2008 06:51:56 PDT

August Activity: Listings: During the month of August 117 Bonita Springs homes were listed for sale. For the same month in 2007, 149 homes were listed for sale; this represents a decrease of 21.5 percent. The increase from 2006 was 10.7 percent from the 131 new listings. In July 2008 there were a total of 110 homes [...]Click here to learn about Naples FL real estate.

Estero Condo Market Update

glenn@glennginsburg.com — Thu, 02 Oct 2008 08:25:00 PDT

August Activity: Listings: During the month of August 31 Estero condos were listed for sale. For the same month in 2007, 43 condos were listed for sale; this represents a decrease of 27.9 percent. The decrease from 2006 was 50 percent from the 62 new listings. In July 2008 a total 43 condos were listed for sale. In [...]Click here to learn about Pelican Marsh in Naples Florida.

Estero Home Market Update for August

Thu, 11 Sep 2008 07:44:50 PDT

August Activity for Homes in Estero: Listings: During the month of August 73 Estero homes were listed for sale. For the same month in 2007, 59 homes were listed for sale; this represents an increase of 23.7 percent. The increase from 2006 was 17.7 percent from the 62 new listings. In July 2008 there were a total [...]Click here to learn about Naples Florida real estate.

Naples Condo Market Update

Thu, 11 Sep 2008 05:24:55 PDT

August Naples Condo Activity: Listings: During the month of August 458 Naples condominiums were listed for sale. For the same month in 2007, 560 condominiums were listed for sale; this represents a decrease of 18.2 percent. The decrease from 2006 was 32.7 percent from the 680 new listings. In July 2008 there were a total of 499 condominiums [...]Click here to learn about Bonita Springs real estate.

Naples Home Market Update

Thu, 11 Sep 2008 05:24:55 PDT

Prior to presenting the analysis for August we need to reflect on the events which took place last August 15 - the sub-prime and liberal loan programs came to a screaming halt along with liquidity issues for lenders lasting for a couple of months. The result was a further weakening of already weak real estate [...]Click here to learn about Pelican Marsh in Naples Florida.

Hurricane Ike Update

glenn@glennginsburg.com — Thu, 11 Sep 2008 05:33:03 PDT

Hurricane Ike�s cone is still showing it is tracking to south and west. For the Naples, Bonita Springs and Estero areas of Florida it means the center of the storm may pass within about 200 miles of the coastline which disminishes the chances of the area feeling the full brunt of Ike. The track towards the [...]Click here to learn about Naples FL real estate.

Hurricane Ike

glenn@glennginsburg.com — Mon, 08 Sep 2008 04:29:27 PDT

Hurricane Ike�s projected path as of this morning shows the cone just south the Naples area. This is better positioning than yesterday mornings projected path and cone. The Naples area may not be affected by Hurricane Ike. With this cone it does appear that Bonita Springs or Estero areas will have any affects from the [...]Click here to learn about Pelican Marsh in Naples Florida.

Going Green Can Save You Money

Sun, 31 Aug 2008 07:08:05 PDT

Today many people are looking to conserve energy and “green” their homes. Did you know that Florida homes, air conditioning accounts for 40-50% or more of your electric bill? The top 9 items you can do to lower your monthly electrical bill as related to your air conditioning system’s electrical consumption. 1 - Keep your thermostat at 78 [...]Click here to learn about Naples FL real estate.

Estero Condominium Market Update

glenn@adeltarealty.net — Thu, 14 Aug 2008 12:17:41 PDT

June Activity: Listings: During the month of June 60 Estero condos were listed for sale. For the same month in 2007, 53 condos were listed for sale; this represents an increase of 5.7 percent. The decrease from 2006 was 17.8 percent from the 73 new listings. In May 2008 a total 40 condos were listed for sale. [...]Click here to learn about Bonita Springs real estate.

Estero Home Market Update

glenn@glennginsburg.com — Thu, 31 Jul 2008 14:30:49 PDT

June Activity: Listings: During the month of June 69 Estero homes were listed for sale. For the same month in 2007, 86 homes were listed for sale; this represents a decrease of 19.8 percent. The decrease from 2006 was 22.5 percent from the 89 new listings. In May 2008 there were a total of 48 homes listed [...]Click here to learn about Estero real estate.

Bonita Springs Condominium Market Update

glenn@glennginsburg.com — Wed, 30 Jul 2008 14:01:18 PDT

June Activity: Listings: During the month of June 115 Bonita Springs condos were listed for sale. For the same month in 2007, 145 condos were listed for sale; this represents a decrease of 20.7 percent. The decrease from 2006 was 32.8 percent from the 171 new listings. In May 2008 there were a total of 128 condos [...]Click here to learn about Pelican Bay in Naples Florida.

Bonita Springs Home Market Update

Wed, 30 Jul 2008 14:00:57 PDT

June Activity: Listings: During the month of June 123 Bonita Springs homes were listed for sale. For the same month in 2007, 170 homes were listed for sale; this represents a decrease of 27.7 percent. The decrease from 2006 was 24.5 percent from the 165 new listings. In May 2008 there were a total of 135 homes [...]Click here to learn about Bonita Springs real estate.

Naples Condo Market Update

glenn@glennginsburg.com — Wed, 30 Jul 2008 14:00:33 PDT

June Activity: Listings: During the month of June 490 Naples condos were listed for sale. For the same month in 2007, 654 condos were listed for sale; this represents a decrease of 25.1 percent. The decrease from 2006 was 38.4 percent from the 795 new listings. In May 2008 there were a total of 556 condos listed [...]Click here to learn about Estero real estate.

Naples Home Market Update

Wed, 30 Jul 2008 14:00:10 PDT

June Analysis: Listings: During the month of June 696 Naples homes were listed for sale. For the same month in 2007, 779 homes were listed for sale; this represents a decrease of 10.6 percent. The decrease from 2006 was 15.7 percent from the 826 new listings. In May 2008 there were a total of 771 homes listed [...]Click here to learn about Naples Florida real estate.

Naples Condos Absorption Rate

Sun, 27 Jul 2008 14:51:31 PDT

The number of months of inventory for Naples condominiums for sale has been significantly reduced since February 2008. Using the four time frames of 12, 9, 6 and 3 month moving averages. The 12 month moving average in February was calculated to be 37 months of Naples condos for sale. As of the end of [...]Click here to learn about Pelican Marsh in Naples Florida.

Naples Real Estate News 07/18/08

glenn@glennginsburg.com — Sun, 27 Jul 2008 14:48:11 PDT

MORTGAGE RATES As investors� fears that the Federal Reserve would soon tighten credit policy to stall inflation lessened, mortgage rates fell this week: 30-year mortgage rates averaged 6.26 percent, the lowest level in six weeks, according to Freddie Mac. COUNTRYWIDE A handful of states are suing Countrywide Financial Corp. for misleading borrowers, and Florida initiated its case on [...]Click here to learn about Naples FL real estate.

Naples Real Estate News 07/17/08

glenn@glennginsburg.com — Sat, 19 Jul 2008 06:00:06 PDT

FANNIE AND FREDDIE Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in �no danger of failing.� However, he says that �weakness of market confidence� is hurting the companies. STATE FARM State Farm, Florida�s largest private property insurer, asked the state for an average rate increase of 47.1 percent [...]Click here to learn about Naples real estate.

Naples Real Estate News 07/16/08

Fri, 18 Jul 2008 06:32:49 PDT

MORTGAGES Local banks in Naples, Bonita Springs, Estero, through-out Florida, and the nation are telling investors that they should relax - “We’re fine.” A general fear of bank failures has made consumers wary of all financial institutions, even though most banks have no liquidity problems and very little risk. HOMEBUYERS There’s a dilemma for the nation’s lawmakers and [...]Click here to learn about Pelican Marsh in Naples Florida.

Naples Real Estate News 07/15/08

glenn@glennginsburg.com — Thu, 17 Jul 2008 05:29:17 PDT

MORTGAGE REGULATIONS The Federal Reserve issued new guidelines, effective Oct. 1, to curb shady lending practices. �It seems clear that unfair or deceptive acts and practices by lenders resulted in the extension of many loans, particularly high-cost loans, that were inappropriate for or misled the borrower,� says Fed Chairman Ben Bernanke. HOUSING AID The Fannie Mae/Freddie Mac problem [...]Click here to learn about Naples real estate.

Naples Real Estate News 07/14/08

glenn@glennginsburg.com — Fri, 18 Jul 2008 06:08:08 PDT

HOMEOWNERS INSURANCE Start shopping around now for the best rates on homeowners insurance for your Naples, Bonita Springs or Estero residence. As the largest insurer of homes, condos and apartments in the state, Citizens Property Insurance has nearly 9,000 agents writing policies. But the insurance agents say that Citizens doesn�t pay them enough, especially in light [...]Click here to learn about Pelican Bay in Naples Florida.

Naples Real Estate News 07/11/08

Wed, 16 Jul 2008 10:33:22 PDT

NAPLES HOUSING MARKET The Naples home sales statistics don’t tell the whole story. In some areas, neighborhoods have not been hurt much by the housing slowdown, such as those close to business areas or good schools, while other neighborhoods have taken a greater hit. The same is true of the Bonita Springs and Estero areas. MORTGAGE RATES Rates [...]Click here to learn about Naples FL real estate.

Naples Real Estate News 07/10/08

glenn@glennginsburg.com — Wed, 16 Jul 2008 10:34:55 PDT

DEMOGRAPHICS Florida cities continue to grow, but at a slower pace than in previous years, according to the U.S. Census Bureau. New Orleans netted the top growth spot, but its population is still about half what it was before Hurricane Katrina hit. MY SAFE FLORIDA HOME Reports of the death of the My Safe Florida Home inspection program [...]Click here to learn about Naples FL real estate.

Naples Real Estate News 07/09/08

glenn — Mon, 14 Jul 2008 11:31:39 PDT

SHORT SALES Short sales sound like a dream: The seller escapes foreclosure. The buyer gets a bargain price. The bank holding the home loan eats the difference. But the deals can be incredibly cumbersome to negotiate, and in a recent survey, 94 percent of the real estate agents who have worked with a short sale say [...]Click here to learn about Naples Florida real estate.