Naples Real Estate Info

Sales of existing condominiums in Florida rose 10 percent in September, with a total of 5,675 condos sold statewide compared to 5,140 units sold in September 2009, according to the latest housing data released by Florida Realtors. The national median sales price for existing single-family homes in August was $179,300, up 1.2 percent from a…

Oct. 15, 2010: Rates on 30-year mortgages fell this week to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields. As a result, the average rate for 30-year fixed loans dropped to the lowest level on records dating back to 1971, mortgage buyer Freddie Mac said Thursday. It’s…

The Naples beach area leads the way to market recovery with strong summer sales according to the recent report from the Naples Area Board of Realtors. Overall pending sales in the Naples beach area increased 13 percent with 112 contracts in July this year, compared to 99 contracts in July 2009. The Median Closed price…

If you lined up all of the boats in Collier County in 2009 along I-75, it would stretch from Naples to Port Charlotte. That is over 70 miles. For class 1 vessels 16 feet and larger, the number registered in Collier County is 15,235. That is more than three-fourths the amount of those in the…

Pending home sales have increased for the second consecutive month, according to the National Association of Realtors® (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 4.3 percent to 82.3 based on contracts signed in August. Lawrence Yun, NAR chief economist, says the latest data is consistent with a gradual improvement in home…

Sales of existing homes in Florida rose 1 percent in August, with a total of 13,997 homes sold statewide compared to 13,908 homes sold in August 2009. Statewide existing home sales in August increased 3 percent over statewide sales activity in July. In Florida’s year-to-year comparison for condos, 5,706 units sold statewide last month compared…

A new restrooms facility has been approved for the Park Shore Beach Park. This addition will add convenience and further luxury to the already outstanding Park Shore Beach Park. The permits are already in place, and construction will begin the week of September 20, 2010. The project is expected to be completed in 4-5 months,…

30-year mortgage rates have hit 4.35% and the competition for homes on the market is higher than it has been in many years. These are two huge factors make it a great time to buy a home versus renting. If you have been putting off buying a home, read these 5 advantages to owning a…

Now is a great time for Canadian home-buyers to purchase their vacation or retirement home. New financial incentives due to stagnant US home prices and the rising Canadian Dollar make it an opportune time for Canadian buyers to purchase real estate in the United States. If you would like to know more about the current…

It’s a great time to buy a home thanks to low mortgage rates and motivated sellers. 1. Low mortgage rates serve as an equity shock absorber. When buyers borrow at today’s record-low rates, they start building equity as soon as they close. That means they can absorb a few ups and downs as the still-recovering…