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: Population update.

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!

Weather: lowest high temperature.

It’s a rare day in Naples during which the temperature fails to reach 70º.

However, it will struggle to top 60º today and Friday! Inland, overnight lows will dip down to near freezing. And there’s snow in the upper reaches of the state!

One has to go back to 2015 to find temperatures in the 30’s here in SWFL.

However, by the weekend, things will be back to normal — daytime highs will reach the mid-60s on Saturday, 75 or so on Sunday afternoon, and we’ll probably cross the magic 80º mark on Monday.

That might shed some light on why we don’t have LL Bean stores in Florida.

Wishing all a Happy, Healthy, and Prosperous 2018!

This blog is dedicated to providing a unique view — primarily in pictures — of a place everybody loves: Naples, Florida. Actually, it’s about all of Southwest Florida — close to a million people spread over three counties: Collier, Lee, and Charlotte.

Some of us are lucky enough to be year-round residents. Many have plans to move to the Naples area upon retirement; others are here regularly for “season” or visit as often as possible. My original blog offerings are for all of you.

I am a full-time commercial photographer and licensed real estate agent (MVP Realty Associates) with almost a quarter century of “insider” experience in the area. I’m here to provide information — so feel free to contact me with your questions, requests, or comments.

Great news for buyers as we usher in 2018. It’s the most favorable buyer’s market in recent memory. There is huge a huge inventory of both new construction and aggressively-priced resales in every segment of the market — and especially so in the luxury classes. So go ahead and do your preliminary shopping online.

Then contact me with questions that cannot be addressed in the listings. Insider stuff. Contacts. Connections. It’s what I do. And it will never cost you a penny.

RL Caron

To initiate contact, type my name (without the space) and add @gmail.com or send me a text via two-three-nine-eight-two-five-five-six-three-five

More unique photos of Naples at my website:

http://rlcaron.com

Info: Downtown Art Show January 6 & 7.

It’s a national and even an international event! This year’s New Year’s Art Show has drawn artists from 30 states and 4 countries. It’s the 22nd annual event.

The free admission show runs from 10am to 5pm on both Saturday, January 6th and Sunday, January 7th in one of the nation’s primo downtowns, Fifth Avenue South. The event is hosted, as always, by the Naples Art Association.

I know that’s over a week away — but you really don’t want to schedule anything that would prevent you from attending!

Weather: Chilly!

Well, that’s a relative thing. Temperatures dipped to 46º overnight — probably the coolest we’ve experienced since the first of the year. We ran the heat for a couple of hours this morning to bring the house back into the low 70s.

A young lady who cuts my hair — a Florida native — told me last week of a new word learned while visiting relatives in Pennsylvania.

“Furnace.”

Veteran’s Day, 2017

Please remember the real purpose of this holiday: to honor the many thousands who gave, ultimately, a life. Or one more limbs, or made other profound sacrifices so we could live in the most prosperous, free, and inclusive country in the history of the world. The United States of America.

Veteran’s Day 2017

Social: The Naples Digital Photography Club

Today (November 9th) is the second Thursday of the month — and for some 300+ photography fans that means reserving the evening for the monthly meeting of DPI-SIG, the Digital Photography and Imaging Special Interest Group of the Naples Free Net. Now you know way it has an a/k/a of The Naples Digital Photography Club. Many old-timers (the club was formed a decade ago) continue to refer to it, affectionately, as “Dippy Sig.”

To say that this is one of the best managed and successful clubs in the state would be an understatement. The monthly general membership meeting is only one of many regular get-togethers sponsored by the club. There are photo outings, special groups for Photoshop, Lightroom, Women (and guys too,) Lighting, and a Round Table gathering. All events are well attended — and many members enjoy the social aspects as much as the artistic, instructional, technical, and artistic events offered year-round.

Meetings are held on the campus of Florida Southwestern State College off Lely Parkway. Full information on the meetings and all the rest are here: http://dpi-sig.org.

Info: changes in credit score math

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.