Well October is upon us and so now begins my Naples Real Estate newsletter. Incidentally let it be noted that the weather is beautiful today. When I went to my 5:30 to 6:30 a.m. Boot Camp this morning, I didn't feel like I'd lost five pounds of water weight. Oh and yes, I am crazy to get up so early, but with this season expected to be quite busy, gotta be in shape ... right?
September felt a bit slow in terms of sales, but it was busy from our perspective in terms of showings. I would expect that several of the folks I showed around in the past two months or so will buy within the next 30 to 60 days.
In June during a two-week period, I sold three beachfront condos ranging in price from the 800s to over a million and already two of those three parties have bought and/or are looking to buy a second place. One person from London is buying a "bundled golf" property under $200,000 (previously over $400,000) as an investment. The other person is looking to upgrade ... already!
Incidentally of those specific three customers mentioned above, one is from Chile, one fromLondon, and the third from Maryland. Overall, though, it seems as though most of the people we have been working with are from Canada. The fact that their money has been playing with par, and our prices are still down, is apparently more than tempting!
My most recent sales have been single family homes and coach homes in the communities of Lely and Verona Walk (new construction) and resales in the golf communities of Cedar Hammock and Forest Glen. These four neighborhoods have spectacular opportunities starting as low as the mid-100s. The trick is to weed through and find the best deals which is of course a job in which I take great pride. : )
And lately I've been getting quite a few inquiries on Olde Naples, newer or redone under a million. These are the multifamily units I like. There is one in the list above a million -- The Spellbinder -- but you never know where it could end up once the negotiation is done. I really love that unit. (Again and unbiased opinion since it is not my listing.) You can see them by clicking the link below:
There are also some good deals on the beach. And one of the best deals I like (not my listing) is across from the beach. An older 2/2 condo that I think is a fabulous opportunity. You can see the gulf from the kitchen and a second bedroom. But I'm guessing it would go for just under $300,000.
SEPTEMBER 2010 REPORT FROM OUR BROKER:
"The pending sales for the month of September 2010 were UP over last September. Last September, we had 180 pending sales contracts. This September, we had 190 pending sales. As I had reported earlier, the $500,000 - $750,000 market was up quite a bit. In this price range, we had 8 pending sales in September of 2009. In the same price range, this September, we had 17 pending sales. The market above $1,000,000 is typically soft at this time of year. We had 10 pending sales in the market above $1,000,000 this September compared to 7 pending sales in this range last September. The other price ranges were very close to last year's numbers for September. The market below $250,000 produced 114 pending sales in September compared to 111 last September. The Market from $250,000 - $500,000 produced 45 pending sales this September compared to 48 last September. "
NAPLES IN THE NEWS. Some recent articles on Naples Real Estate you might have missed:
Fortunately with our prices right now, you can join in with the wealthy without being wealthy!
USA TODAY ARTICLE ABOUT INVESTORS IN THE ECONOMY
This is a general real estate article in USA Today, but I was quoted in it.
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Marlene Graham
TROPICS REAL ESTATE
539 5th Avenue South
Naples FL 34102
(239) 821-9046
