Posted on Thursday, April 03, 2014
We are again pleased to reach out to our more than 6,000 monthly followers and provide a look at Naples real estate this month. What a terrific winter here in Naples. Lots of fun activities, lots of visitors and lots of people buying property. The harsh winter up north, a strong 2013 financial market run up, more boomers retiring and a tax friendly state caused lots of folks to look into the benefits of our wonderful climate.
Welcome David!
We are excited to welcome our new addition to the Naples Best Addresses Team, our son David. Nearly a lifetime Naples visitor or resident with a deep knowledge of the area, David holds a bachelors degree from Ferris State University with experience in sales and retail banking. He and his fiancee, Megan, have moved to Naples from Chicago. With the addition of David we are better able to reach the younger, first time home buyers here in town as well as bring another, experienced sales professional to our team.
Market Update
We are seeing incredible real estate sales here as our local market is now in full recovery. Double digit gains in sales and prices in almost all market areas with a decreased supply of single homes and condominiums.
Our Naples Area Board of Realtors (NABOR) reported a 20 percent increase in closed sales for all homes over $300,000 from 3,159 closed sales in the 12-months ending February 2013 to 3,912 for the 12-months ending February 2014. The report goes on to say there is some decrease in the rate of sales for properties under $300,000 – we think this is due to reduced outside investor activity for smaller homes after a significant “buy up” during the down turn.
There also appears to be strong sales on the horizon. Pending sales, those properties under a contract but not yet a closed sale, increased 5 percent above our already hot pace.
All of this sales activity decreased our supply of properties and pushed prices higher – a lot higher. We have a bit of a bar bell market with prices up at the top and bottom of the market and stability in the middle. NABOR reported median closed prices for homes $300,000 and below increased 14 percent and median closed prices for homes $2 million and above increased 7 percent and virtually no price change in the middle.
The NABOR report also provides some interesting year over year data by market segment:
1) Closed sales for condominiums in the $2 million and above price category increased 102 percent from 55 in the 12-months ending February 2013 to 111 in the 12-months ending February 2014. You might read that again – a 100% increase year over year.
2) Median home prices in the under $300,000 single-family home market rose 15 percent from $155,000 in the 12-months ending February 2013 to $179,000 in the 12-months ending February 2014.
3) Overall Days on Market is at 94 for February 2014.
4) Overall median closed price increased 17 percent from $210,000 in the 12-months ending February 2013 to $245,000 in the 12-months ending February 2014.
5) Overall inventory decreased by 15 percent from 5,443 properties in February 2013 to 4,633 properties in February 2014.
6) Pending sales in the condominium market rose 6 percent from 5,356 properties in the 12-months ending February 2013 to 5,696 properties in the 12-months ending February 2014.
Naples Lifestyles … The Collier Car Museum Now Open To The Public
The Collier car museum, which was a solely private collection is now open to the public during selected times.
Two years ago while working on a non-profit project I was fortunate enough to receive a private invitation to Mr. Collier’s automobile collection and take a first hand look at Miles Collier’s efforts with the gentleman himself. I have toured a few auto museums and private collections before, like the Henry Ford museum in Detroit, but this one is special. The collection showcases the leading technology of the day as well as man’s spirit for the open road and the art of some remarkable designs. It is gasoline, love, art and dreams all rolled into one spectacular experience.
When I first entered Mr Collier’s collection my attention was drawn to the artwork hanging on the walls. Images of Florida in days gone by with many a stirring photo. Geronimo with members of the Collier family touring the back country in an automobile. In another image you will see Miles Collier’s father and uncle racing at Le Mans together. Or how about the black and white images of automobiles rolling out to the public for the first time. Images capture the soul of this incredible collection – even without the cars!
Oh yes there are cars of course. Over one hundred eye popping examples of man’s love affair with the open road and engineering. The Naples News recently reported the opening of the museum and offers details on admission. Please read the full article at http://www.naplesnews.com/news/2014/mar/24/collier-auto-collection-/?partner=popular. I highly recommend you take the tour!
Until Next Time
It was our great pleasure to see many of you here in Naples this season and we hope to see you again soon. If you would like to follow along with us during the month we recommend you “like” our facebook page at at https://www.facebook.com/pages/Naples-Best-Addresses/168137533202628 OR if Facebook is not your thing add a reading of our blog to your morning online news review at NaplesBestAddresses.com.
All the best,
Nan Goebel, PA, Mark Goebel, PA and David Goebel (soon to join Coldwell Banker)
Coldwell Banker 5th Avenue South, Naples, Florida
239.595.3920 (Nan) 239.595.3921 (Mark) 239-285-2038 (David)
fax 239-236-1468
www.naplesbestaddresses.com
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If you would you like to know more about Naples, Florida lifestyles, our festivals and some great things to do here just give us a call at 239.595.3921. If you want to rent, sell, buy or invest here one day you might download a copy of our eBook Understanding Naples Real Estate https://www.naplesbestaddresses.com/offer/.
Hope to meet and talk with you soon,
Mark Goebel PA & Nan Goebel PA
Co-Founders Naples Best Addresses Team
Coldwell Banker
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
NaplesBestAddresses.com
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No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival.
Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
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