Florida Real Estate

Naples Florida Real Estate Blog: Median Price Tumbles in Naples & Bonita Springs

2009-02-11T14:23:00.000-05:00

Naples Florida Real Estate Blog: Median Price Tumbles in Naples & Bonita Springs

Florida's existing home sales increase in 3Q

2008-12-07T10:14:00.000-05:00

Florida's existing home sales increase in 3Q
Florida Times-Union - Jacksonville,FL,USA
To gain insight into current trends, the University of Florida's Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives ...
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Rent Now, Buy Later

2008-12-06T12:21:00.001-05:00

New York Times

Rent Now, Buy Later
New York Times - United States
At the same time, real estate brokers have been revamping their approaches to marketing hard-to-move property to include renting with an option to buy (aka ...
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Headlines

2008-11-21T09:17:00.000-05:00

Signs of life for condo sales
MiamiHerald.com - Miami,FL,USA
But the question everyone wants answered amid the real estate downturn is: How many have actually sold? Seventy percent have found a buyer, according to a ...
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Profit in real estate is made when you buy, not when you sell
Asheville Citizen-Times - NC,USA
At the peak of the real estate boom, people were lining up in hot markets like Florida and Southern California to bid on preconstruction contracts for ...
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US homes attracting interest from foreign buyers
Dallas Morning News - Dallas,TX,USA
Texas ranks fourth in the country for foreign homebuyers, with about 7 percent of the total, behind Florida, California and Arizona. The real estate sold to ...
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Florida's real estate gains

2008-11-15T09:37:00.000-05:00

Florida’s real estate market shows gains:FAR releases September stats
Destin Log - Destin,FL,USA
Even as the nation’s economy churned in turmoil, Florida’s real estate market quietly — and some would say, amazingly — showed significant gains in ...
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NAR Recognized Realtor Mike Owen

2008-11-11T07:40:00.000-05:00

NAR Recognizes Realtor(R) Michael Owen of Delray Beach, Fla., for ...
MarketWatch - USA
... and commercial real estate. "I am honored to accept the Distinguished Service Award," said Owen. "Receiving the award here in my home state of Florida, ...
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Purchasing a home makes lots of sense

2008-10-31T10:21:00.001-04:00

Purchasing a home makes lots of sense
Atlanta Journal Constitution - GA, USA
Postponing the decision to own real estate was the wrong path then, and I believe it to be the wrong path now. For starters, there are at least five ...
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Home sales see biggest gain since July 2003

2008-10-25T10:37:00.000-04:00

By Patrick Rucker WASHINGTON (Reuters) - Sales of previously owned U.S. homes rose 5.5 percent last month, the biggest gain since July 2003, and the inventory of unsold homes fell, a hopeful sign for a housing market mired in a long slump. The...

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Florida Headlines

2008-10-18T09:49:00.001-04:00

Virtual home tours get fancier in declining market
Forbes - NY,USA
Real estate agents and individual homesellers are increasingly embracing their inner auteur and creating movie-like virtual tours of homes online. ...
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Annual Real Estate Trends and Strategies Conference to be held on ...
University of Florida - Gainesville,FL,USA
The annual Real Estate Trends and Strategies Conference will be held from 8:30 am to 7:30 pm on Nov. 14 in the University of Florida Hilton Hotel and ...
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ParkSouth Offers New Industrial, Office and Retail Real Estate ...
MarketWatch - USA
ParkSouth is being developed by A&H Commerce Park, LLC, which is comprised of a team of highly experienced South Florida real estate professionals. ...
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Consolidated-Tomoka Reports Third Quarter Earnings
MarketWatch - USA
... shareholder value both during this economic downturn and when the real estate market rebounds." Consolidated-Tomoka Land Co. is a Florida-based company ...
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Regions recruits commercial real estate VP from BOA
Charlotte Business Journal - Charlotte,NC,USA
... the Regions footprint -- he served as Bank of America’s Commercial Real Estate executive in Florida and as the National Home Builder’s division executive.
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BankAtlantic Bancorp Announces Capital and Credit Statistics for ...
MarketWatch - USA
Charge-offs are down, capital remains strong, and there has been no material increase in commercial real estate non-accrual loan balances. ...
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Examiner.com

Unemployment rate up in North Georgia: Impact on real estate?
Examiner.com - USA
At least North Georgia Real Estate has not been devasted as much as other areas like Florida, Nevada, Michigan and California to name a few. ...
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Downturn Presents Buying Opportunities
GlobeSt. com - New York,NY,USA
The RealShare Conference Series is produced by Incisive Media, which also publishes GlobeSt.com, Real Estate Florida and Real Estate Forum. ...
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Headlines

2008-10-13T08:23:00.000-04:00

Property Wire

US property market taking new hits
Property Wire - St. Albans,England,UK
... a financial services, mortgage, insurance and real estate firm in south Fort Myers, Florida, which has also been badly affected by the downturn. ...
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Housing market will rebound eventually, with a bang
The News-Press - Fort Myers,FL,USA
Luccisano, 52, started Edison in 1996, five years after he moved to Southwest Florida from Orlando. The company has 10 mortgage brokers and five real estate ...
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Real estate: Smaller selection, but more buyer incentives
Florida Today - Melbourne,FL,USA
BY ANNE STRAUB • FOR FLORIDA TODAY • October 12, 2008 This year's Fall Parade of Homes includes fewer entries but plenty of incentives for homebuyers. ...
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Headlines

2008-10-11T08:27:00.001-04:00

Cole Real Estate pays $180M for Florida retail center
CREFeed - Chicago,IL,USA
by Drew Smith An affiliate of Cole Real Estate Investments has purchased Winter Garden Village, a newly-built retail center in the Orlando suburb of Winter ...
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Fast and loose housing market is history
Dallas Morning News - Dallas,TX,USA
Along with the current financial turmoil, there's going to be a fundamental shift about how people look at residential real estate. ...
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istockAnalyst.com (press release)

Real Estate Has Changed From A Young Buyer To A Retiree Market
istockAnalyst.com (press release) - Salem,OR,USA
I’m not talking about condos in Florida… I’m talking about nice homes designed for a retired couple. The US housing market has shifted from a young buyer to ...
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Miami Daily Business Review

Real Estate
Miami Daily Business Review - Miami,FL,USA
iant real estate investor Hines Interests is in talks with the owners of a Coral Gables auto dealership property to expand the developer’s South Florida ...
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REAL ESTATE
Investor's Business Daily (subscription) - USA
However, optimists have started to stake a claim by buying homes — particularly in hard-hit hot spots throughout California, Nevada, Arizona and Florida, ...
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Is now the time to invest in real estate?

2008-09-29T10:06:00.001-04:00

Is now the time to invest in real estate?
The News-Press - Fort Myers,FL,USA
In past years, Southwest Florida experienced an unprecedented surge in the real estate market that paralleled the gold rush days of old. ...
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Today's headlines

2008-09-18T16:07:00.000-04:00

South Florida home to 16 of the richest Americans
Bizjournals.com - Charlotte,NC,USA
Although he lives in New York, real estate developer Stephen Ross made a big splash in South Florida this year by buying a 50 percent stake in the Miami ...
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Real estate economist foresees recovery
Central Maine Morning Sentinel - Augusta,ME,USA
Despite perceptions, Yun said, home sales in many markets are rising again, including some in California, Nevada and Florida, which had been battered by ...
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Examiner.com

Tampa Bay Real Estate Examiner
Examiner.com - USA
In Florida, one of the worst markets in the country, two factors are driving the continuing drop. One, many neighborhoods seem to have a new desperate ...
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Examiner.com

Real Estate Examiner
Examiner.com - USA
“Contract signings have been steaming ahead, nearly doubling in activity from a year before in several California and Florida markets,” Yun says. ...
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Headlines for today

2008-09-08T10:12:00.001-04:00

REAL ESTATE: Searching for bottom
Las Vegas Review - Journal - Las Vegas,NV,USA
Some states -- notably Nevada, California, Arizona and Florida -- have experienced declines of 18 percent or more. "We are cautiously optimistic that ...
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Real estate: First-time homebuyers have financing options
Florida Today - Melbourne,FL,USA
BY ANNE STRAUB • FOR FLORIDA TODAY • September 7, 2008 Jon and Kelly Pollak have impeccable timing, at least when it comes to house hunting. ...
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Commerical connection: Best time to buy may be when no one else is
The News-Press - Fort Myers,FL,USA
By now you may be asking yourself, "How does this relate to real estate in SW Florida?" Could not the same mass behavior now be working in reverse? ...
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House price decline rate slowing?

2008-08-27T09:12:00.001-04:00

S&P/Case-Shiller: House price decline rate may be slowing
Bizjournals.com - Charlotte,NC,USA
“While there is no national turnaround in residential real estate prices, it is possible that we are seeing some regions struggling to come back, ...
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Florida Home Sales Up, Prices Continue to Fall

2008-08-25T15:30:00.001-04:00

For the first time in two years, single-family home sales rose in Florida last month, according to the Florida Association of Realtors. However, median sales prices continued their decline. And while only six more homes sold in July 2008 than in July 2007 statewide, “it could indicate a stabilization in Florida’s housing sector." Read More

Making a Deal for an 'As Is' House

2008-08-25T09:44:00.000-04:00

Making a Deal for an 'As Is' House
Wall Street Journal - USA
Real-estate investor Andy Heller bid on a "gorgeous home" in Atlanta a few weeks ago that was being sold "as is" at a foreclosure auction. ...
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Orlando: Florida's Most Stable Real Estate Market

2008-08-15T17:37:00.001-04:00

Orlando: Florida’s Most Stable Real Estate Market
NuWire Investor - Bellevue,WA,USA
The overall real estate market in Florida has not fared well since the subprime mortgage crisis reared its ugly head. Miami topped the American Chronicle’s ... www.AmerivestRealtyofOrlando.com
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Real estate: Prices as low as they can go

2008-08-10T09:18:00.001-04:00

Real estate: Prices as low as they can go
Florida Today - Melbourne,FL,USA
BY ANNE STRAUB • FOR FLORIDA TODAY • August 9, 2008 Now would be a good time for potential homebuyers to get off the fence, Evan Selbiger advises. ...
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Naples/Bonita FL: Sales up, prices down in mid year report

2008-08-06T09:44:00.001-04:00

MID YEAR REPORT (compares Jan-Jun 2008 to Jan-Jun 2007, Naples & Bonita Springs)

Severe price declines have ignited sales activity as buyers jump back in the market.
(Click on graphs for larger image)

Pending Sales:
2008: 4094 up 16%
2007: 3535
Notes: Some of the gains are false due to a higher than normal fall out rate. More contracts are failing to close due to difficult negotiations with lenders on many properties that are being sold short (for less than the outstanding mortgage).

Closed Sales:
2008: 3326 up 9%
2007: 3065
Notes: Actual sales are probably some what higher due to many listings not being reported as sold. Longer than normal closing processes (due to lender negotiations on short sales) have caused listings to expire prior to closing and many of those listing have not been reported as closed.

Median Price:
2008: $315,000 down 18%
2007: $385,000
Notes: The slow sales activity of 2006 & 2007 bloated inventory and finally drove prices down, short sales and foreclosures added fuel to the fire.

New Listings:
2008: 12,557 down 15%
2007: 14,794
Notes: This might be the healthiest statistic for the market. It may indicate that investors who are dumping their bad 2005 purchases might be drying up, bringing better balance between buyers and sellers.

Outlook:
It is clearly apparent that the bottom in terms of activity is well behind us now. Prices have continued their fall, but with inventory declining and activity up, we should see prices stabilize over the next quarter or two.

Advice:
Over all market statistics are certainly interesting, however Amerivest Realty strongly advises all buyers and sellers to evaluate their sales and purchases based on a thorough market analysis of each property. Each area, subdivision has its own market cycles and fluctuations that may not be in concert with the overall statistics.

Notes:

· The sales numbers DO NOT include sales at the court house steps (foreclosure auctions)

· All statistics and graphs taken from SunshineMLS.com on August 6, 2008

· Reports included data from the geographic areas, as listing in MLS, for Naples & Bonita Springs Florida.

Mudhole Duck Club Sells!

2008-08-05T18:42:00.001-04:00

Mudhole Duck Club Sells for $1.2 Million at Auction
MarketWatch - USA
"In a slow real estate market like this one, it's remarkable to have 10 people lined up to compete for any kind of property, so we're very happy with the ...
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News for Today: Auction, WCI, Regency Centers & Cape Coral

2008-08-04T12:44:00.001-04:00

Auction of Nearly 700 Florida Foreclosures Allow Buyers to Grab ...
MarketWatch - USA
"Savvy buyers in today's real estate market understand foreclosures make great investments because they often look just like the property next door but can ...
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WCI to Restructure Debt under Chapter 11; David L. Fry Named ...
MarketWatch - USA
Excluded from the filing is the company's Watermark real estate brokerage, which does business as Prudential Florida WCI Realty, as well as its WCI Mortgage ...
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Regency Centers looks at SoFla retail real estate
Bradenton Herald - FL, United States
Regency Centers is looking at retail real estate in South Florida, where the Jacksonville-based investment trust doesn't have much of a presence. ...
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Cape Coral's real estate collapse attracts bargain hunters
Tampabay.com - St. Petersburg,FL,USA
... Bay area or South Florida, attracted hordes of speculators as loose lending standards and low "teaser'' interest rates fueled a nationwide real estate ...
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Condo offers green options

2008-08-02T12:44:00.001-04:00

Real estate: Condo offers green options
Florida Today - Melbourne,FL,USA
BY ANNE STRAUB • FOR FLORIDA TODAY • August 2, 2008 Environmentally conscious homebuyers can be confident in their new home's green credentials at Phillips ...
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Amerivest Realty: JP Antonmattei Named!

2008-07-27T11:15:00.001-04:00

The Collier-Lee chapter of The National Assoc of Hispanic Real Estate Professionals named its 08-09 board of directors. Blanca B. Contreras, president, is team manager of Contreras & Associates at Century 21 Birchwood Realty. Vice President JP Antonmattei is a Realtor with Amerivest Realty as well as an officer on the NABOR board and an FAR director

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Florida's Existing Housing Market Shows Improving Conditions

2008-07-26T10:05:00.001-04:00

Florida's Existing Housing Market Shows Improving Conditions in ...
istockAnalyst.com - Salem,OR,USA
Many Florida Realtors(R) statewide noted positive movement in their local housing markets in June, with an upswing in the statewide median price reported for both existing home sales and condominium sales over May 2008, according to the latest housing statistics released by the Florida Association of Realtors(R) (FAR).

The statewide existing-home median price in June was $205,500, up 1 percent from May's median price of $203,300. The median price of an existing condo last month was $183,700, also up 1 percent from May's figure of $181,800.

Nationally, existing home sales are expected to show some modest gains in the coming months, with a recovery predicted during the latter part of the year, according to the latest housing outlook from the National Association of Realtors(R) (NAR). "Some markets have seen a doubling in home sales from a year ago, while others are seeing contract signings cut in half," said NAR Chief Economist Lawrence Yun. "Price conditions vary tremendously, even within a locality." ...
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