Archive for

May, 2017

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Photo: City Docks, Naples

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City Docks, Olde Naples

City Docks, Olde Naples. Now closed for repairs and upgrades until early 2018.

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Photo: Affordable golf

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Photo: Community School of Naples

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A new administration and dining facility adorns the CSN campus on Livingston Road.

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Photo: Park Shore, still at the pinnacle of prestige and luxury!

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Atrium at the Savoy in Park Shore

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Fact: Is Naples huge or small?

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The term “Naples” applies to two vastly different areas. Legally, Naples is a small incorporated city in the very south-western part of Collier County. Its population was estimated last year to be 20,600. It’s what we locally call “downtown” and includes some very luxurious waterfront communities such as Port Royal, Aqualane Shores, Park Shore, and The Moorings. Naples is but 14.4 of the 2025.5 square miles of Collier County — about 7 tenths of one percent!  More: Read the rest of this entry…

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Photo: Live downtown, walk to shops, dining, and cultural events.

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The perfect pied-å-terre in downtown Naples: 1 Bed / 1½ Bath upper floor unit.

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Photo: resort-sized amenity!

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The club at Fiddler’s Creek.

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Trending: larger garages.

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I’ve heard estimates of up to one hundred as the number of new communities, assisted care facilities, and rentals coming out of the ground here in Naples. Driving by and through those that feature new home construction, one trend is apparent: more three-car garages than ever before. About one in four new houses offer more than two spaces.

Is that because families own more cars today than in the past? Statistics seem to refute that: fewer than one in five homes have to deal with three or more cars, only a small increase over 25 years ago.

One in three buyers now shop for listings with three-car garages, while half prefer two spaces. The one car garage is the choice of only one in 10 buyers.

Reasons are many, but one factor locally is the increasing number of multi-generational homes with either a young person returning home after college or children taking care of aging parents.

Source: “America Is Building More Three-Car Garages Than One-Bedroom Apartments,” Bloomberg (Oct. 26, 2016) and “Garages in New Homes: 2015 Data,” National Association of Home Builders (Oct. 21, 2016)
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Off-season delight: shorter lines at trendy eating places!

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Just north of the County Park at the end of Vanderbilt Beach Road.

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Photo: WAVV 101 — Naples’ top rated station for over 20 years.

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One thousand feet of antennas broadcasting entertainment and critical communications from the geographic center of Collier County.

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Nature: South Florida’s spectacular National Parks

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We are so blessed with natural beauty, abundant sunshine, and solid infrastructure that its easy to forget we are surrounded by three National Parks and one National Preserve: Everglades, Biscayne, Dry Tortugas, and Big Cypress, in that order.

All four facilities come under the management umbrella of the South Florida National Parks Trust — and they have a new website they’d love to have you visit:

http://www.southfloridaparks.org/parks/

Be sure to check each of the parks’ features and offerings — and sign up for the newsletter.

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Photo: It’s a buyer’s market for spectacular water views.

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With views like this, who needs television?

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Photo: Luxury living, downtown.

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Meeting/Party Room — one of the many amenities at Naples Square. There are some real bargains here. Call me to find the right connections.

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Info: time needed to sell a home

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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.”

 

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Photo: The legendary “Green Flash” sunset

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Digital simulation of "The Green Flash"

Digital simulation of “The Green Flash”

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Info: Uncrowded beaches!

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7th Ave South Beach Access at 3pm on November 28!

7th Ave South Beach Access.

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Info: Boomers retiring in record numbers!

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According a report from CRE (Councilors of Real Estate,) baby boomers are retiring at the rate of 10,000 per day! Talk about demand for second homes or a shift in one’s choice of a legal residence!

The study also predicts continued societal shifts to what has become known as the “shared economy,” changing business paradigms as pioneered by airBNB, Uber, and Lyft. More: Read the rest of this entry…

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Photo: An urban horticulturist’s delight — on-site greenhouse!

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Walk to all the best downtown Naples has to offer.

Walk to all the best downtown Naples has to offer.

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Photo: Sunset made right.

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Doc's Beach House - Barefoot Beach

Doc’s Beach House – Barefoot Beach

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Info: changes in credit score math

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When people talk about their credit score in the context of a home loan, they generally are referring to the number provided by the Fair Isaac Corporation — known as FICO. That index isn’t changing.

However, three other credit tracking entities, Equifax, Experian, and Trans-Union, together operate VantageScore — and that is the one that is being tweaked in at least two important areas. One relates to closing inactive accounts — which had been at least informally known to affect credit scores negatively because one’s rating was based on current debt as a ratio of the total credit available. In the future, closing unused credit lines may affect credit scores positively or not at all.

In a more important way, the new formulas will assess ‘trending’ on the total debt — meaning one will be rated at least partially on whether the amounts owed are collectively going up or down. Those who are paying debt down will likely be looked upon as less risky than people who are still piling it on.

Read more here or here.

 

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