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.”
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
Even with the 2017-18 season well past, the rental market is still ‘very tight.’ A search of the local MLS-controlled public access sites for a 2019 season 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?”
The population of Florida crossed the 20 million mark a year and a half ago. 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 on a recent weekday. 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!
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
I know someone who can make that happen. Call me: Two-Three-Nine-Eight-Two-Five-Five-Six-Three-Five. A deep insider specialist will get back to you and the arrangements will be wrapped up in a heartbeat.