Building Permits have increased 30% in Collier County

NORTH NAPLES —A new resort-style gated community will soon sprout in North Naples, sprawling over nearly 1,800 acres. 

This project alone is expected to create and support an estimated 600 to 800 jobs per year.

The turnaround doesn't just help construction workers. It means work for machine operators, engineers, surveyors, landscapers, interior designers and others whose business is tied to new development.

Building permits have increased 30% in Collier County.  There has been significant increases in single family homes being built in Marco Island as well.

Marco Island Real Estate Statistics for August 2012

Marco Island Sales Statistics for August 2012

                                 Year 2012 vs 2011

NEW LISTINGS:

Single Family        47     32
Condominiums      56     55
Lots                       20   22 

                  

ACTIVE LISTINGS:

Single Family       290    382
Condominiums     512     652
Lots                     262   332

PENDING SALES:

Single Family       39   29

Condominiums     38   40

Lots                     17   8

SOLD:

Single Family      33     21

Condominiums    44   33

Lots                     24   9

AVERAGE SALE PRICE:

Single Family         $605,012     $526,609

Condominiums       $439,025   $383,824

Lots                       $259,942  $238,278

Vacant lots are making the most changes at this time.  We are seeing an increase in interest and view lots are simply not available in the lower price points as they were 6 months ago.  For more information, please give me a call at 239-404-7471 or visit my website.

Marco Island Real Estate Statistics for July 2012

Marco Island Sales Statistics for July 2012

                 Year 2012 vs 2011

NEW LISTINGS:

Single Family       26     45
Condominiums     55     54   
Lots                    23     15   

                 

ACTIVE LISTINGS:

Single Family        299    398
Condominiums      517     665
Lots                   273     328

PENDING SALES:

Single Family       30     22

Condominiums     38     28

Lots                   18     10

SOLD:

Single Family       27     31

Condominiums     37  23

Lots                    19  10

AVERAGE SALE PRICE:

Single Family       $684,352     $681,032

Condominiums       $440,092   $325,935

Lots                   $189,369     $443,750

Inventory continues to decline with in time will provide for a strong selling market. For more information, please give me a call at 239-404-7471 or visit my website.

Marco Island Real Estate sales Statistics for June 2012

Marco Island Sales Statistics for June 2012

                             Year 2012 vs 2011

NEW LISTINGS:

Single Family        33    28
Condominiums      52    64 
Lots                 13    11
                      

ACTIVE LISTINGS:

Single Family        319    404
Condominiums      532     679
Lots           280     333
 

PENDING SALES:

Single Family        33    23

Condominiums      39     31

Lots          9     8
 

SOLD:

Single Family       33     36

Condominiums      53   43

Lots        13     7
 

AVERAGE SALE PRICE:

Single Family       $710,123     $697,625

Condominiums      $406,774   $378,765

Lots         $305,538     $191,000

Lot prices have shown the most improvement.  There has been a steady increase of construction in the past 4 months.  For more information regarding beachfront or waterfront homes on Marco Island, please give me a call at 239-404-7471 or visit my website.

Homebuyers Frustrated by Low Inventories

                 HOMEBUYERS FRUSTRATED BY LOW INVENTORIES

ORLANDO, Fla. – Oct. 8, 2012 – Low inventories of for-sale homes are becoming a problem for homebuyers. Almost every major market in the U.S. has posted double-digit decreases in available listings.

“The buyers tend to become a little frustrated as they are seeing homes that they want to ‘think about’ – and before they can even get home to discuss it, there are already multiple offers on the property,” Sheri Moritz, a real estate broker with Keller Williams’ Wake Home Team in Raleigh, N.C., told Inman News. In Raleigh, inventories have fallen 21 percent in the past year, according to Realtor.com data.

Multiple-bid situations are common in many markets. But surveys show that homebuyers lose their enthusiasm when faced with competition for a property, according to a recent survey by Redfin. Seven in 10 of homebuyers reported that they’ve faced competition on at least one of their offers recently, but 31 percent say they would back off when faced with a multiple-offer situation for a home.

Charles Roberts, a director at the Denver Board of Realtors® and co-owner of Your Castle Real Estate, says that “urgency” is the new landscape greeting homebuyers.

“Gone are the days of looking at 50 homes and taking months to make a decision,” Roberts says. “If there’s a good property on the market, buyers need to act quickly, and yes, sometimes bid above asking price. The educated, thoughtful clients are getting great deals with astoundingly low interest rates. The clients that are still insisting on putting offers at 80 cents on the dollar are getting shut out of the market. They either learn that that strategy doesn’t work anymore or they keep on renting. Our job as real estate agents is to teach them what the market looks like and guide them in their decision-making.”

Source: “Low Inventories Thwarting Buyers,” Inman News (Oct. 1, 2012)

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