Resort Properties in the Naples & Bonita Springs area are in fact selling fast! Here is proof http://shar.es/b0M7c #NaplesFL #Estero #SWFL
Take a look at this and some of my other properties on YouTube
Showing posts with label information on Naples and Bonita Springs. Show all posts
Showing posts with label information on Naples and Bonita Springs. Show all posts
Tuesday, October 4, 2011
Tuesday, August 19, 2008
Tropical Fay Went Away... Thankfully not a Hurricane!
Tuesday, August 19, 2008, 12 noon EST - Tropical storm Fay never reached hurricane strength, and is now past Collier County, currently in the Lee and Hendry County areas. In general, the storm was not a major event. 
Damage is very light in most areas----tree limbs and a very occasional downed tree. Structural damage to buildings was very light in most of the Naples/Bonita/Ft. Myers area, although we did hear of some problems toward the central part of the state, around Clewiston.
Winds were lighter than predicted, usually in the 20mph to 40mph range, with some gusts as high as 70mph near Immokalee. Storm surge was lighter than predicted, and even rain was lighter than predicted, although we will likely continue to have rain for the rest of today. Flooding was also lighter than expected. Most businesses in the area were closed today, but some grocery stores, pharmacies, and even Burger King and Dunkin Doughnuts remained open.
The biggest problem is loss of power for a number of homes, with the last report saying 28,000 homes in Collier County. Power is expected to be restored much faster this time as compared to Wilma in Collier County, and Charlie in Lee County from years past. So in summary, there was very minor damage, despite the efforts of some media to over dramatize the storm. Things are expected to be back to normal by the end of the week.
Despite reports to the contrary Fay has been a bleesing and there was very minimal damage and no tornados in the Collier or Lee county area. Tropical Storm Fay actually has and will have an added benefit of bringing some much needed rain to all of the southeast. Florida and Georgia have been battling Alabama to release water from a reervoir that supplies drinking water to 3 million people. The 4-10 inches will substantially help refill reservoirs and raise lake levels on Lake Okeechobee and surrounding lakes as well as help curb the 2 year drought that has been the 2 driest back to back years on record. Lake Okeechobee as of a month ago was a little more than 4ft below it's average level.
Lake Okeechobee, which is second largest freshwater lake in the contiguous United States and is also the liquid heart of the Everglades. South Florida depends on the 730-square-mile lake during dry periods, when it can be used as a reservoir.
See more on Fay's drought relief at Southwest Florida News
Garren Grup, REALTOR ®...
Noteworty Results in Naples, Bonita Springs & Estero!
Damage is very light in most areas----tree limbs and a very occasional downed tree. Structural damage to buildings was very light in most of the Naples/Bonita/Ft. Myers area, although we did hear of some problems toward the central part of the state, around Clewiston.
Winds were lighter than predicted, usually in the 20mph to 40mph range, with some gusts as high as 70mph near Immokalee. Storm surge was lighter than predicted, and even rain was lighter than predicted, although we will likely continue to have rain for the rest of today. Flooding was also lighter than expected. Most businesses in the area were closed today, but some grocery stores, pharmacies, and even Burger King and Dunkin Doughnuts remained open.
The biggest problem is loss of power for a number of homes, with the last report saying 28,000 homes in Collier County. Power is expected to be restored much faster this time as compared to Wilma in Collier County, and Charlie in Lee County from years past. So in summary, there was very minor damage, despite the efforts of some media to over dramatize the storm. Things are expected to be back to normal by the end of the week.
Despite reports to the contrary Fay has been a bleesing and there was very minimal damage and no tornados in the Collier or Lee county area. Tropical Storm Fay actually has and will have an added benefit of bringing some much needed rain to all of the southeast. Florida and Georgia have been battling Alabama to release water from a reervoir that supplies drinking water to 3 million people. The 4-10 inches will substantially help refill reservoirs and raise lake levels on Lake Okeechobee and surrounding lakes as well as help curb the 2 year drought that has been the 2 driest back to back years on record. Lake Okeechobee as of a month ago was a little more than 4ft below it's average level.
Lake Okeechobee, which is second largest freshwater lake in the contiguous United States and is also the liquid heart of the Everglades. South Florida depends on the 730-square-mile lake during dry periods, when it can be used as a reservoir.
See more on Fay's drought relief at Southwest Florida News
Garren Grup, REALTOR ®...
Noteworty Results in Naples, Bonita Springs & Estero!
Tuesday, July 1, 2008
2nd Quarter Update of Sales & Prices
I wanted to remind people with a photograph of what we all come to Southwest Florida for before providing some information on the market.
...Weather, Beaches, Boating & Sunsets!
This is just a hip shot of the make up of the BN/ES and NA MLS Inventory as of today, July 1st, 2008!
Very interesting numbers for both buyers & sellers!
Total number of listings as of this morning in Bonita/Estero and Naples, all residential types = 13,552
Total number of closed sales over the last 12 months in BN/ES, NA, resid. = 5,362
Current YRS/MNTHS of Inventory in BN/ES and NA, Residential = 2.52 yrs/30.3 mths
Market MakeUp Within Price Ranges BN/ES and NA, All Residential Types
0-250K 4,131 or 30% of the entire inventory
250-350 2,572 or 19% of the entire inventory
350-500 2,282 or 17% of the entire inventory
500-750 1,826 or 13% of the entire inventory
750-1M 992 or 7% of the entire inventory
1M-2M 1,135 or 8% of the entire inventory
2M-3M 442 or 3% of the entire inventory
3M-5M 219 or less than 2%
5M-10M 113 or less than 1%
10M 18 or not that much, in fact as a bonus if you are looking over 10 million we can do it all in a day or two.
Pending sales 2nd Qtr of 07 vs. 2nd Qtr of 08 are up 35%, that is BN/ES and NA, all residential areas.
So 66% of the inventory is below 500k, and a whopping 49% is below 350k.
These are some pretty interesting numbers for those that know the Naples & Bonita Springs market and think prices are still too high.
Hopefully these numbers provide an update on how we stand as of July 1st and further my commitment to providing the most up to date statistics and market news Naples, Bonita Springs & Estero southwest Florida market.
Delivering Noteworthy Results!
Garren Grup, REALTOR
Tuesday, June 3, 2008
Positive News or Media Hype?
Quite a bit of attention has been focused on the national real estate market in the last few years by both the news media and consumers as we saw prices run up and then come back down. Somewhere along the way, many of us, including those in the real estate business, lost sight of the most important fact. That is, “All Real Estate is local!”
Sure, you have heard that before and the national market certainly has some effect on local real estate. Tuning in to the right information and tuning out the information that really does not apply is increasingly difficult in today’s society when we are bombarded by sooooo many messages. There have been some positive articles both locally and nationally on the Naples real estate market lately. By no means is the market back to the way it was at the peak of the market, nor would any of us want it to be! Sure we want the economy to be better, our homes and vacation properties to be worth more and gas prices to be less.
During the run-up in prices many buyers in this market refused to buy because they couldn’t find what they wanted(lack of inventory) at the “right” price which really meant they wanted to spend less and get more. We all want more for less, it’s just human nature and of course “consumer behavior”. Many of those buyers waited and waited to purchase and watched prices climb out of reach over the past 6 years. Now that we have seen an average decline in prices of 10%-30% sales are on the upswing again as noted in the news (and my previous blogs below). What many don’t realize is that many of the prices in today’s market are actually below the construction cost while still being nearly 30% above where they were in 2002.
Let’s apply a little e logic in our decision making and consider the following. Even if you could duplicate the building today it would cost more than the current prices. Inflation and the growth of emerging economies has strained resources around the world as we’ve all witnessed first-hand at the grocery store and gas pump.
Just as we certainly overshot the prices on the way up, we have now overshot on the way down. Many buyers today refuse to accept that this is possible and waiting on prices to decline with the hope they will continue to defy market economics because of what they are hearing about national housing market. On the other hand many have realized that the abundance of opportunities in the market given that we have significantly more inventory than we did a few years ago. It’s now much easier to find the right property with a great view and location at a reasonable price.
Now back to my original reason for writing this blog. The Naples & Bonita Springs market is primarily a 2nd home market. Those with the desire and means to purchase should be entering the market over the next several months. Those that want a vacation home and are still sitting on the sidelines are making a big gamble with very poor odds. With interest rates expected to rise 1% over the next year due to inflation any further price decline (that some are waiting for) is almost certain to be wiped out by an increase in interest rates. For example the payment on a $300,000 property at 6% interest(30yr) is $1,800. If you were waiting for another $30,000 decrease (10% decline) but the interest rate went up even .5% you only saved $90 per month. Is the risk/reward of losing a property that you really want and is currently available worth the cost of waiting? Only the buyer can answer that question but in these terms it defies the logic of those that remain on the sidelines trying to time when the market has really bottomed out. You can’t time any market, just like the top or bottom of the stock market. All you can do is decide if you have the means and ability to pay for it and if the price is “fair”.
Let me bring some of the logic and statistics above to your real estate transaction and allow me to filter out some of the media hype that is designed to trigger emotions in all of us!
All good real estate consultants analyze the current market based on the past trends (which are the best indicators), what is currently happening in terms of price on comparable properties and what best represents your desires. My loyalty is in providing you with the hard numbers and statistics as well as their interpretation to best inform you so you can make the best decision possible.
I look forward to hearing from you when you’re ready to seek the services of a professional. I welcome any comments and thoughts you have below in the mean time.
Garren Grup, REALTOR
Achieving your real estate desires through technology with Noteworthy Results!
Sure, you have heard that before and the national market certainly has some effect on local real estate. Tuning in to the right information and tuning out the information that really does not apply is increasingly difficult in today’s society when we are bombarded by sooooo many messages. There have been some positive articles both locally and nationally on the Naples real estate market lately. By no means is the market back to the way it was at the peak of the market, nor would any of us want it to be! Sure we want the economy to be better, our homes and vacation properties to be worth more and gas prices to be less. During the run-up in prices many buyers in this market refused to buy because they couldn’t find what they wanted(lack of inventory) at the “right” price which really meant they wanted to spend less and get more. We all want more for less, it’s just human nature and of course “consumer behavior”. Many of those buyers waited and waited to purchase and watched prices climb out of reach over the past 6 years. Now that we have seen an average decline in prices of 10%-30% sales are on the upswing again as noted in the news (and my previous blogs below). What many don’t realize is that many of the prices in today’s market are actually below the construction cost while still being nearly 30% above where they were in 2002.
Let’s apply a little e logic in our decision making and consider the following. Even if you could duplicate the building today it would cost more than the current prices. Inflation and the growth of emerging economies has strained resources around the world as we’ve all witnessed first-hand at the grocery store and gas pump.
Just as we certainly overshot the prices on the way up, we have now overshot on the way down. Many buyers today refuse to accept that this is possible and waiting on prices to decline with the hope they will continue to defy market economics because of what they are hearing about national housing market. On the other hand many have realized that the abundance of opportunities in the market given that we have significantly more inventory than we did a few years ago. It’s now much easier to find the right property with a great view and location at a reasonable price.
Now back to my original reason for writing this blog. The Naples & Bonita Springs market is primarily a 2nd home market. Those with the desire and means to purchase should be entering the market over the next several months. Those that want a vacation home and are still sitting on the sidelines are making a big gamble with very poor odds. With interest rates expected to rise 1% over the next year due to inflation any further price decline (that some are waiting for) is almost certain to be wiped out by an increase in interest rates. For example the payment on a $300,000 property at 6% interest(30yr) is $1,800. If you were waiting for another $30,000 decrease (10% decline) but the interest rate went up even .5% you only saved $90 per month. Is the risk/reward of losing a property that you really want and is currently available worth the cost of waiting? Only the buyer can answer that question but in these terms it defies the logic of those that remain on the sidelines trying to time when the market has really bottomed out. You can’t time any market, just like the top or bottom of the stock market. All you can do is decide if you have the means and ability to pay for it and if the price is “fair”.
Let me bring some of the logic and statistics above to your real estate transaction and allow me to filter out some of the media hype that is designed to trigger emotions in all of us!
All good real estate consultants analyze the current market based on the past trends (which are the best indicators), what is currently happening in terms of price on comparable properties and what best represents your desires. My loyalty is in providing you with the hard numbers and statistics as well as their interpretation to best inform you so you can make the best decision possible.
I look forward to hearing from you when you’re ready to seek the services of a professional. I welcome any comments and thoughts you have below in the mean time.
Garren Grup, REALTOR
Achieving your real estate desires through technology with Noteworthy Results!
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