Naples MLS Stats for September 2006

For those who have been reading my stats report, I'm pleased to bring you a brand new format! Thanks to the skillful work of the SunshineMLS development team, I bring you more relevant accurate information in graphical format.

So What's The Difference?

Previous numbers were based on Naples MLS users activity regardless of where the property was located. Therefore the previous numbers and the stats provided through FAR & NAR were not truly representative of Naples. These graphs are based on properties that are located in Naples, specifically all areas in Collier County excluding Marco Island and other outlying areas.

This graph depicts that new listings coming on to the market has come down to normal levels, the trend of increased inventory has been broken.

As reported for the last 12 months the number of sales has slowed. This is mostly due to the short term investors/flippers leaving the market. Their exit has created temporary uncertainty in all buyers which exaggerated the drop off. We believe that buyers will come back slowly over the next few months and start a trend upward again.

Even though the number of sales slowed, sale prices have showed a steady trend upward. However, it should be noted that most of the increase in the average price over the last twelve months was due to less lower end properties selling while higher end properties continue to move.

Inventory: 10,119 (approx. a 16 month supply, calculate by dividing the inventory by the average # of sales per quarter) - Active (active and active with contract status) residential inventory in all Naples areas as retrieved from SunshineMLS today.

Prior Reports: Sep 2005 - Oct 2005 - Nov 2005 - Dec 2005 - Jan 2006 - Feb 2006 - Mar 2006 - Apr 2006 - May 2006 - Jun 2006 - Jul 2006 - Aug 2006

Reported By: Joe Ballarino, Broker
Amerivest Realty, Naples Florida

Marco Island Homes for Sales

Marco Island Homes for Sales

As of 10/16/2006

The following shows price range for the various categories of condos and homes on Marco Island as of the date above.

Condos
Beachfront from $365,000 to $11,900,000
Gulffront from $495,000 to $6,250,000
Golf Course Community from $795,000 to $1,100,000
Water Direct from $247,500 to $2,000,000
Water Indirect from $497,500 to $850,000
Inland from $149,900 to $4,250,000

Single Family
Beachfront from $10,500,000 to $10,500,000
Golf Course Community from $539,000 to $5,100,000
Water Direct from $879,000 to $12,900,000
Water Indirect from $599,000 to $5,950,000
Inland from $349,000 to $3,050,000

Lots
Beachfront from $795,000 to $6,000,000
Gulffront from $1,299,000 to $1,895,000
Golf Course Community from $549,000 to $650,000
Water Direct from $599,000 to $4,950,000
Water Indirect from $498,500 to $1,950,000
Inland from $149,900 to $5,250,000

Active Listings on Marco Island
618 Single Family Homes
886 Condos
445 Lots

Want to know more about buying or selling on Marco Island?

Contact Joe Bartos at (239) 404-5068 or email at info@BartosGroup.com
The Bartos Group
Amerivest Realty
www.Marco-Naples-Homes.com
www.Naples-Marco-Homes.com

Information derived from the Marco Island MLS. Deemed Accurate but not guaranteed.

Old Naples Ground Breaking

A ground breaking event was held by Amerivest Realty in celebration of the start of construction of its newest office location in Old Naples. Construction has begun on Amerivest Realty’s second Naples Florida location at 180 9th Street South (Next to Lemon Tree Inn, US41). This new facility, slated to open in the fall of 2007 will service residents and Realtors in the city of Naples and surrounding areas.



Over 40 people including Amerivest Realty’s President and Founder Joe Ballarino attended the event. “We gathered for a photograph as the batter boards for the foundation footing were being assembled. Smiles were on everyone faces as we anticipate utilizing what will be a state of the art real estate facility.” - said Joe Ballarino. Also on hand were representatives of WBDC, Inc. the builder and developer of the new location.

The new building will contain 12,000 square feet of office area and will feature an oval lobby with reception, 6 showcase offices, 2 waterfalls and a refreshment area. Professional conference facilities complete the first floor. The second floor will offer executive suites and the third floor a mix of private and bullpen offices; in total some 60 workspaces will be created.

The site fronts US41 with an address of 180 9th street south directly across the street from Bellasera. “This unique location will allow us to capture visitors in route to the Old Naples shopping districts. It will allow for easy access and parking.” - said Joe Ballarino. He continued - “It is the next natural step in the growth of our business. Our North Naples office now has over 240 Realtors. This second location should allow us to double in size over the next 2 years. We expect to become the leading brand for real estate services in Naples Florida by offering superior facilities, technology and customer service”.

Reduction in avg house prices -Is this time to Panic? If think not and here's why.

Written by Steve Barker of Amerivest Realty.

There have been many articles and reports in the last few weeks on the published Aug housing price reduction statistics and many are painting a very dark picture for sellers and the housing market.

Few have effectively put into perspective this first monthly avg reduction against the large gains home owners will still most likely achieve on their sale following around 5 years of double digit appreciation.

The investors and speculators still hoping to "flip" for a large quick profit may well see little profit or even a slight loss but they are not the bulk of home owners either and as investors/speculators, a loss is part of the "game". The unfortunate thing is that not all the speculators are "professional" investors who appreciated and accepted the risks. Some of these "try to get rich quick" speculators are now beginning to understand the risks much better.

Truth is that for the home owner wanting to move right now who and owned through these years of appreciation, it is not a bad time to sell. It takes longer of course and prices have to be realistic but by selling and also buying as part of their move, they are not at a price/gain disadvantage as some would have us believe. With the right real estate guidance, a move now can work to their advantage. There is still money to be made from their sale and an experienced real estate professional can help to maximize that gain while negotiating a great price on the new home they wish to buy.

And for the "Serious Investors" who understand the risks, this is perhaps one of the best time they could buy while some "try to get rich quick" money speculators "need" to sell their property.


Steve Barker is a very serious real estate professional and Certified International Property Specialist. He also holds the coveted CIPS, GRI & ABR designations and can help you with all you real estate transaction needs.
Contact sebarker@AmerivestRealty.com
Cell #(239)293-4327
http://www.sebarker.com/