NAR SENIOR ECONOMIST SPEAKS TO REALTORS IN NAPLES, FLORIDA

NAR SENIOR ECONOMIST SPEAKS TO REALTORS IN NAPLES, FLORIDA


On Thursday, September 13, 2007 I was privileged to hear Dr. Lawrence Yun, Senior Economist and Vice President of Research from the National Association of REALTORS speak to REALTORS, agents and brokers in Naples, Florida.

Dr. Yun stated that the real estate market in Southwest Florida will start reversing itself by early 2008. However, it will not return to the peak levels that the Naples, Marco Island area experienced in recent years. The recovery will not be robust, but will be an improvement.
He stated that there is a pent-up demand accumulating by individuals to purchase real estate but the lack of confidence has dwindled due to the media's affect on people. The job growth and wealth is there but the confidence is missing.

According to Dr. Yun's statistics vacation home sales have not dropped. Second home purchases are still on the rise. This is good news for the Naples, Marco Island area that is primarily a vacation and retirement destination.

With all things told, we have not been experiencing a correction in the real estate market but only a minor adjustment. As Dr. Yun stated, "What people experienced during the real estate boom was a once-in a lifetime situation".

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Carolyn A. Rzaca, Broker/Owner

EliteOneFineProperties.com

Your Source for Naples Homes, Naples Condos and The Golf Course Communities of Fiddler’s Creek, Hammock Bay, Lely Resort and Treviso Bay

(239) 393-0100

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FIDDLER'S CREEK MARKET UPDATE OF RESALE PROPERTIES

FIDDLER' CREEK MARKET UPDATE OF RESALE PROPERTIES

As Of July 5, 2007

With being half way through 2007 it looks as if our number of units sold is in line with the 2004 number, but our average sale price is much higher.

2007 (as of 7/5/2007)
Number of Units Sold: 30
Average List Price of Sold: $733,767
Average Sold Price: $655,366
Sold Days on Market: 215

2006
Number of Units Sold: 38
Average List Price of Sold: $694,842
Average Sold Price: $651,901
Sold Days on Market: 141

2005
Number of Units Sold: 151
Average List Price of Sold: $530,765
Average Sold Price: $515,944
Sold Days on Market: 115

2004
Number of Units Sold: 67
Average List Price of Sold: $358,686
Average Sold Price: $352,178
Sold Days on Market: 213

More Naples Real Estate News You Can Use From

Carolyn A. Rzaca, Broker/Owner

EliteOneFineProperties.com

Your Source for Naples Homes, Naples Condos and The Golf Course Communities of Fiddler’s Creek, Hammock Bay, Lely Resort and Treviso Bay

(239) 393-0100

About Fiddler's Creek About Naples About Marco Island
Search all Florida Properties Buying Your Next Home Selling Your Home
About 1031 Exchange International Property Search Naples Florida Golf Courses

Based on information from the Naples Area Board of REALTORS and the Association of Real Estate Professionals, Inc. These properties were not all listed or sold by EliteOne Fine Properties, LLC REALTORS and are listed by various MLS participating offices, or were the subject of recent sales transactions and were sold by various MLS participating offices. This infomration is deemed to be accurate, but not warranted. Non-MLS properties are not reflected. Carolyn A. Rzaca and EliteOne Fine Properties are independent real estate brokers and are in no way affiliated with, sponsored by, or endorsed by GB 500 Inc., Distinctive Realty of Naples, or the developers of the Fiddler's Creek community.

AVE MARIA, FLORIDA'S NEWEST TOWN IN SOUTHWEST FLORIDA

With so much controversy the Town of Ave Maria, Florida has had its first residents move in and is now opening it's doors to the public with TownFest Open House on Saturday, July 21st. Visitors can view the first stage of the town center, model homes and the university.

The town of Ave Maria, with the nation's first major Catholic university in four decades, was the dream of Domino's Pizza founder, Tom Monaghan and with the partnership of the Barron Collier Companies his dream has come true. The town will not only consist of the university but also will incorporate retail, commercial space, housing and public schools.

Ave Maria, Florida is located 30 miles east of Naples, Florida with an expected population of around 30,000 people within this 5,000 acre, master planned community. Approximately 8,000 homes will be built by Pulte Homes, DiVosta Homes and Del Webb with prices ranging from $200,000 to $400,000. Additionally the town will offer various recreational areas for the residents, which will include a community center, parks, water park, fitness center, tennis center and golf course.

What a great new addition to Southwest Florida!

More Naples Real Estate News You Can Use From

Carolyn A. Rzaca, Broker/Owner

EliteOneFineProperties.com

Your Source for Naples Homes, Naples Condos and The Golf Course Communities of Fiddler’s Creek, Hammock Bay, Lely Resort and Treviso Bay

(239) 393-0100

About Fiddler's Creek About Naples About Marco Island
Search all Florida Properties Buying Your Next Home Selling Your Home
About 1031 Exchange International Property Search Naples Florida Golf Courses