Living: at the junction of luxury and privacy

Naples abounds in luxurious living potential: from Gulfside mansions in Port Royal and Aqualane Shores to high-rise condos with spectacular views, the choices are vast.

Search the MLS and you’ll find over 150 active listings with prices north of $5M — with 4 over $40M! And that doesn’t count the so-called ‘pocket listings’ that many firms keep out of the online sites. Continue reading Living: at the junction of luxury and privacy

Info: time needed to sell a home

According to the National Association of Realtors®, the average time a listing remains on the market is just over one month. That’s down significantly from a year ago.

The report also reveals the average time to close on a home loan was a bit longer — about 8 weeks. That figure is also a bit shorter than in the recent past.

However, one statistic is heading upward: the median price of a home is up nearly 7% from a year ago. All in all, a very healthy market — except perhaps for those who are “sitting it out.”

 

Info: More on the rental market

Attempting to put a number on the cost of renting is akin to establishing the length of a piece of string. However, there are generalized conclusions available from poking around the MLS, speaking with agents who specialize in the rental market, and becoming familiar with the numerous large apartment complexes coming out of the ground and opening for business.

Some of the latter are offering large (up to 2,000 square feet,) well-equipped units at about $1.35 per foot per month for a full year lease. (Longer leases are not legal in Florida.) The supply of brand new units, plus the attractive rates offered to get the occupancy rate up quickly, will likely put downward pressure on existing rentals of all types, private and commercial alike. I would expect to find a dollar a foot or even less for some newly-vacated properties. Continue reading Info: More on the rental market

Info: a “green flash” sighting helper

“The Green Flash” is a worldwide phenomenon — but lots of people learn about it in Naples. That’s because watching sunsets is in Southwest Florida second only to golf as a favorite sport.

Only a handful of folks I chat with on the green flash topic claim to having seen one. That, I believe, is because of two factors.

(1) The name. It’s not really a flash — more like a blip. A very brief one, like a half a second. Don’t look for a bolt of green lightning. The disc of the sun, seconds before slipping beneath the water line, turns from yellow to green for that brief moment.

(2) Weather. It takes a very clear mass of air and a sharp horizon to create the optical  conditions necessary for seeing ‘the green flash.’ We don’t get much cool, dry air here other than in the winter. If you’re not wearing a sweater — it’s probably not going to be a good evening for experiencing your first green flash.

It’s however worth the effort. Legend has it that those who have seen a green flash at sunset (or sunrise) will henceforth never go wrong in matters of the heart.

Works for me!

Info: The co$t of entry in this resort town

As a certified Resort and Second Home Property Specialist, I’m in daily contact with some component of the new home industry because, frankly, I truly believe there can be significant upside to brand new construction over that associated with the resale market. Now, blanket statements never apply universally and I readily admit one should weigh both options as part of the due diligence associated with any sizable transaction. The new construction market does have some very attractive aspects that most buyers of second home properties should at the least seek to have weighed and evaluated by qualified professional advisors. Continue reading Info: The co$t of entry in this resort town