Tag Archives: condo sales

  • naples real estate growth

    Its RockTober And Naples Properties Are On The Move!

    Welcome to the coolest month of the year! Even in Southwest Florida (where the sun is always shining) the air feels slightly less humid, college and NFL football is ALL some of us think about and carving pumpkins and plans for Halloween are in full swing! In Naples we rounded out the summer season with […]

  • Florida Waterfront Property Developers Squabble Everywhere but in Naples

    The weather is not the only thing heating this up this summer in Florida. Developers in various parts of the state are pulling their hair out in an attempt to erect new waterfront residential buildings. In West Palm Beach, The Related Group has proposed to build two condominium towers of 20 + stories along North […]

  • A REAL RE-BOUND for Existing and New Home Sales in Naples, FL and Beyond

    The State of Florida made significant gains to round out 2010. Existing home sales rose 5 percent for the year; totaling 170,848 sales compared to 162,873 total sales in 2009. Healthy predictions continue as the National Association of Realtors (NAR) anticipates the sale of existing homes to rise 7.9 percent to 5.3 million in 2011.We enter the busiest time of the year on an upswing. Naples is a beehive of activity, especially as the remainder of the country continues to endure freezing temperatures and snowstorms.According to the Naples Board of Realtors (NABOR) overall closed sales increased by 10 percent from 7,126 sales in 2009 to 7,840 sales in 2010. While the under $300,000 price point has dominated our market for the past three quarters, a significant increase has been detected in the $1 million and above price category.Jobless figures will begin to dwindle as consumers embrace new spending patterns and corporations and investors fuel new ventures.For those of us fortunate to have the ability to purchase luxury goods and real estate, the attraction can be categorized as altruistic. Options for acquiring sound investments abound, and such acquisitions will directly influence the economic climate of the local area. Is there really a better incentive to open up those checkbooks?

  • A Condo in Florida… A Dirty Proposition or A Good Investment?

    Will we ever get tired of hearing that real estate prices are falling? Not really, especially if you are looking to take your cash and jump into the landlord game. Investors look to maximize the return on their investment, from the onset. Regardless of the length of time that an asset (like real estate) is held, investors need their investment to “yield” (commonly known as a capitalization rate: net operating income /sales price) of at least 5-6% annually. In Naples, where demand for condos is split between seasonal and annual renters, finding a true investment opportunity can be tricky, but not impossible. As of November 1, 2010 there were 434 condos and villas in Naples available for sale under $100,000. Select a property based on the rental opportunities that currently exists. Purchase a property only when the cash flow meets your investment return requirements. Don’t buy on what may happen, but instead of what is actually occurring today!
    For a detailed consultation on identifying lucrative residential investment opportunities in today’s market in Naples, Florida contact Fatima@NaplesMeridian.com

  • Naples Buyers Take Note, Sales of Condos and Single Family Homes Rose in Q1 2010

    Well-priced properties are attracting the interest of serious buyers in the Naples market. While activity levels for condominiums sales under $300,000 remain high, buyers with larger budgets have entered the market. Sales of condos in the $1M-$2M range doubled in the first quarter of 2010, as 146 contracts were written as compared to 73 during the same quarter in 2009.