Info: Summer in Florida

Summer conditions in Southwest Florida may be the best kept secret among the “locals.” Yes, temperatures reach into the 90s every day, there is humidity, and it is “the rainy season.” So what’s there to love?

Well, first of all summer is barely 10 degrees warmer than in the winter months when temperatures only  climb into the 80s (but with admittedly lower levels of humidity — most of the time.) However those quick afternoon downpours are likely to take the thermometer down 10 to 15 degrees for the rest of the day!  Continue reading Info: Summer in Florida

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: 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.”

 

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