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
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
The Naples Area Board of Realtors® recently crunched the numbers on nearly 56,000 residential real estate transactions, taking a look at the original list price/final sale price ratios in each of the 12 months of 2016.
While these averages of averages rarely produce conclusive information on specific future transactions, this report did show significant patterns that are worth passing on.
From a buyer’s perspective, the months of January, February, March, October, and November seem to offer the best chance of getting a favorable offer accepted: with homes selling for close to 80% of list. The study shows that in the seven other months of 2016, the final price on listed properties was closer to 90% of the original price point.
The MLS shows 1,312 homes for sale at one million dollars and over. That’s about a 16 month inventory, given that there were 952 sales in the same price grouping in all of 2016.
That’s a decent buyer’s market, especially going into a three-month period in which the lowest priced offers have the best chance of going to closing. Call me if you’d like the inside word on a particular property or neighborhood.
With the 2017-18 season well underway, the rental market is once again ‘very tight.’ A search of the local MLS-controlled public access sites for a January and February rental at a rate of between $2,000 and $4,000 per month in Naples, Marco, Ft Myers Beach, and Bonita-Estero — reveals only about 100 properties.
Is that all there is? Well, no. Continue reading Rentals: what to expect.
“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!
We don’t have seasons here — such as warm, cold, snowy, or nice. It’s nice all year ’round.
We do have wet and dry — with the latter more famously called “season.” That means when snowbirds and winter residents are here. Continue reading Language: What is a “season?”
At the end of 2016, the population of Florida had crossed the 20 million mark. In 1980, the people who were here marveled at how the state’s population had reached 10 million.
One thousand people per day are relocating to Florida — which means it only takes three years to add a million residents! Montana has one million residents total, and seven other states have smaller populations.
How much of the in-migration is happening in Southwest Florida? I’d venture a guess of about 100 per day — based on the fact that there were 107 house closings yesterday (12/20/17.) Now, not all those home sales were to newly-arrived people. However, most people purchasing a different home will be selling or have sold their prior residence.
If you are or will someday be joining that hundred per day club, call me. I can put my 20 years of local experience to work saving you time, effort, and maybe an expensive mistake or two!
Can it occasionally be difficult to find parking reasonably close to a stretch of white sand beach and aqua-colored water? Sure, but mostly at predictable times such as high season holiday weekends.
Both Florida state law and local ordinances are heavily tilted toward easy access for all residents and visitors — assuring the global treasure that is our coastline is enjoyed universally.
Our beaches can also be enjoyed in air-conditioned comfort. I invite anyone to challenge my claim that the stretch of road from Bonita Springs to Ft Myers Beach — through a series of keys and over tropical toned passes — is one of the most visually appealing in the entire country.
Need a little ‘insider’ information on where to find beach parking on any day of the year? Contact me!
My user name is rl and the account is @naples.net