Wednesday, April 17, 2013
Foreign Nationals from Europe and Canada. However, soon it will also be the Chinese buying Florida Real Estate
Pretty soon we will be seeing a second buying season here in Florida, where we carter to the Foreign Nationals from Europe and Canada. However, soon it will be also the Chinese buying Florida Real Estate. Canada developers like Minto Communities have shown a great interest in developing in Florida, especially in Naples with a couple of developments. Their biggest splash for the Canadian based developer in Naples is opening this Fall of 2013 called The Isles of Collier Preserve.
Don’t forget me on https://www.facebook.com/NaplesFloridaLuxury
Below are two excerpts from Susan Pigg from the Toronto Star on her findings.
Article author, Susan Pigg on Apr 11 2013 Stated:
Sarasota-Bradenton-Venice remains the most popular destination by far, says BMO Financial Group . Some 17 per cent of Canadian purchasers have bought up homes and condos in the Gulf Coast area renowned for its sugary beaches, stunning keys and cultural offerings.
According to the most recent Florida Realtors statistics, released last February, demand remains strong in the state and has helped push median single family home sale prices up about 12 per cent just in the last year, to $168,000. Condo prices have climbed 8.4 per cent to a median price of $136,000.
Second-most popular is the more easterly destination of Orlando-Kissimmee, home to Disney and dozens of other amusements parks, as well as southern Florida’s Miami-Fort Lauderdale-Palm Beach area, with its vibrant nightlife and ocean vistas. About 13 per cent of Canadians have invested in each of those areas, according to the BMO study.
Orlando has seen gains of 6.6 per cent for single family homes and the median price as of the end of 2012 was $137,000. Condo sales have softened by almost 10 per cent there in the last year, but prices were up almost 17 per cent by the end of 2012, year over year, to a median price of $76,000, according to Florida Realtors statistics.
The hard-hit Miami area saw median house prices climb more than 10 per cent in 2012 over 2011, to $202,000. Condos jumped more than 21 per cent, to a median price of $103,000 although sales were flat.
Nine per cent of Canadians have opted for the bargain-basement Gulf coast areas of Cape Coral-Fort Myers, which was amongst the most overbuilt and hardest-hit areas in the Florida housing collapse.
Similar numbers of Canadians have bought in the Tampa-St. Petersburg and the upscale Naples-Marco Island areas as well.
Jan 10 2013 Article author, Susan Pigg Stated also that The Chiniese are the new Florida SnowBirds.
“Some of our clients got beat out recently because they were waiting to book flights. Some Chinese investors bought up 35 (townhouse-condo) units without even flying in first,” says Wayne Levy of Toronto-based Florida Home Finders.
“They looked at a picture. They wrote cheques. That’s what’s happening now.”
Asian interest in Florida has “really picked up steam in the last year,” says Levy, whose company is still seeing strong demand from Canadian buyers, but finding it increasingly challenging to find properties under $150,000 as the beleaguered U.S. housing market slowly recovers and the inventory of distressed homes drops.
“They’re seeing the U.S. as a safe haven to put their money,” says Montreal-born realtor Shant Epremian, co-founder of Boca Raton-based Pink Palm Properties, who’s just returned from two weeks in Hong Kong, Beijing and Singapore.
“I am slowly starting to tap into that market because there is a tremendous amount of money there. Buyers are looking for good opportunities and see that Florida is still on sale.”
In fact, there has been a surge in Asian buyers snapping everything from multi-million-dollar New York mansions to California estates, according to data from the U.S. National Association of Realtors.
While Florida has yet to see a surge of realty companies springing up to cater to Asian buyers, as has happened with the Canadian market since the U.S. housing market meltdown, websites like Juwai.com (Mandarin for “home overseas”) are creating links between Chinese buyers, in particular, and U.S. listings.
Saturday, April 13, 2013
Don’t forget me on https://www.facebook.com/NaplesFloridaLuxury
Naples Area Board of Realtors 1st quarter report.
The overall median closed price increased 17 percent from $184,000 at the end of March 2012 to $215,000 for the 12-month period ending March 2013.
The median price increased from $184,000 in March 2012 to $215,000 for the 12-month period ending last month, according to a prepared statement from NABOR.
The median is the price at which half the homes sell for more and half for less.
Overall, the total number of closed sales dropped in March compared to a year ago. However, overall pending sales increased 4 percent from 10,204 units to 10,633 units for the 12-month period ending in March 2013. Overall pending sales rose in all price categories in March compared to the 12-month period ending in March 2012, except in the under $300,000 category.
The Realtors’ report said the average number of days on the market decreased by 8 percent, from 171 days on the market in March 2012 to 157 days on the market last month. Overall inventory dropped by 14 percent, from 7,599 in March 2012 to 6,565 last month, according to the NABOR statement.
- Overall pending sales increased 4 percent from 10,204 units to 10,633 units for the 12-month period ending March 2013. Overall pending sales increased 22 percent in the $300,000 to $500,000 category from 1,414 units to 1,729 units; 13 percent in the $500,000 to $1 million category, from 1,052 units to 1,190 units; increased 18 percent in the $1 million to $2 million category, from 452 units to 532 units; and increased 12 percent in the $2 million plus category, from 277 units to 310 units, respectively for the 12-month period ending March 2013.
- The average DOM (Days on the Market) decreased 8 percent overall from 171 days in March 2012 to 157 days in March 2013.
- Inventory decreased 14 percent from 7,599 units in March 2012 to 6,565 units in March 2013.
Monday, March 18, 2013
As the Naples Florida real estate inventory continues to decline, the higher we will see sales prices on the rise. Certain areas appreciate higher and faster, however there is a level point. Then builders in new large tract developments like Hacienda Lakes, and The Isles of Collier Preserve will build more homes at the same time reducing the rise of prices in theory.
The market is the market! The fact why homes and condos are selling at the fast pace they are at reasonable market price. Another reason we see the last large tracts of over 2000 acres in Naples for development are underway.
Contact me for more information and to be a service to you in the sale or purchase of a home, condo, or real estate property in the Naples area.
From the Naples Area Board of Realtors:
Naples, FL (March 15, 2013) – The Naples Area housing market remains strong with increases in overall pending sales, overall closed sales, and overall median closed price for the 12-months ending February 2013. In addition, inventory decreased by 13 percent according to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island).
• The overall median closed price increased 17 percent from $180,000 at the end of February 2012 to $211,000 for the 12-month period ending February 2013.
• Overall pending sales increased 5 percent from 10,160 units to 10,629 units for the 12-month period ending February 2013. Overall pending sales increased 20 percent in the $300,000 to $500,000 category from 1,397 units to 1,677 units; 17 percent in the $500,000 to $1 million category, from 1,023 units to 1,193 units; increased 26 percent in the $1 million to $2 million category, from 422 units to 532 units; and increased 23 percent in the $2 million plus category, from 257 units to 315 units, respectively for the 12-month period ending February 2013.
• The average DOM (Days on the Market) increased overall from 162 days in February 2012 to 168 days in February 2013.
• Inventory decreased 13 percent from 7,888 units in February 2012 to 6,843 units in February 2013.
• Overall pending sales in the Naples coastal area increased 15 percent from 1,839 units to 2,119 units, and closed sales increased 16 percent, from 1,650 units to 1,906 units, for the 12-month period ending February 2013.
- Pending Sales: Increased double digits in the $300K – $2M+ categories 12-month ending
- Closed Sales: Increased double digits in the $300K-$2M categories 12-month ending
- Median Closed Price: Increased 10% in the $0-$300K category 12-month ending
- Inventory: Decreased 13% FEB 2012 – FEB 2013
- Average DOM: Decreased double digitsin the $300K-$1M categories FEB 2012 – FEB 2013
- Naples Beach area Pending Sales increased 15% and Closed Sales increased 16% 12-month ending
Monday, February 25, 2013
A new large development has just been approved by the Collier County Commission called Hacienda Lakes. It is the first large-scale development approved in many years, and is expected to start construction this fall of 2013.
The project is located along County Road 951 wrapped around the swamp buggy grounds. It will be more than 2,262 acres, and a great deal of the land has been dedicated to preservation. The final approval included more than 1,700 homes, 325,000 square feet of retail/commercial, a hotel and office space. "The first thing I see here are jobs, jobs, jobs. Once the building takes place, more jobs await to work in the retail shops, the hotel, and maintenance of homes, such as lawn care, etc. The Economic benefit is tremendous, to the residents, contractors, retail, real estate, and local bushiness." John Burton
Minutes from downtown Naples and Marco Island, the new build community is in such ideal and central location to take advantage the lifestyle Collier County has to offer. Physicians Regional Hospital has built a 212,400-square-foot, 100-bed acute care facility on Collier Boulevard, bringing vital services such as obstetrics. Completion of the hospital was in 2007. In the area are Two Super Walmarts, two Publix grocery stores within 3 mile drive of the Hacienda Lakes entrance. A Lowes building center, Edison State College, Class A Schools, and is 2 miles from Interstate 75.
Contact me for more information and to represent you as a buyers agent for Hacienda Lakes Real Estate. I look forward being representative on a purchase and sale of home or condo of such fantastic and exciting community in Naples Florida.
Click here to search. for property in Naples.
Wednesday, February 20, 2013
|The Isles of Collier Preserve Naples Fl|
The property closed on Dec. 27, 2012. It was originally to combine golfing and water access. However plans have changed by replacing the planned golf course with large lakes and nature preserves, hiking trails and relocation of the clubhouse. This is an increasing and desired demand as stewardship and conservation of our lands is mainstream to those moving to Naples Florida.
The development is near the Rookery Bay National Estuarine Research Reserve, Naples Botanical Garden and Naples Bay.
With a vast lake, river system and preserves, the Isles of Collier Preserve Club will be an attractive centerpiece of activities with resident areas, resort-style swimming pool, tennis courts, a wide array fitness and spa facilities.
There will be an entrance to the Hamilton Harbor Yacht Club, a full-service yacht club and marina, owned and operated by Collier Enterprises. Resident memberships are available at Hamilton Harbor.
Minto Communities is bringing in a significant economic benefit to Naples. The developer prides themselves on building luxury homes and condos. A great fit for the Naples area and the surrounding residents.
Contact me for more information and to represent you as a buyers agent for The Isles of Collier Preserve. I look forward being representative on a purchase of such fantastic and exciting community in Naples Florida.
Saturday, February 16, 2013
New Yorkers are flocking to Florida for tremendous tax benefits. An in depth report on Fox News this week by Cheryl Casone, shows why many business owners and billionaires from New York are moving to the Sunshine State.
For example the sales tax burden in New York is 8.48% where it is 6.62% in Florida. Those figures along those who are relocating now, the state of Florida is giving tax benefits, savings and credits to relocate. For that of investment that is spent on infrastructure and logistics on such a move of a business. Not only more money saved due to the taxes, there is far less regulation on doing business.
Another added benefit, is that of the talent pool for businesses to pull from. Florida has a huge intuitive to educate the workforce on emerging industries and technologies. Not to mention for employees moving from corporate centers like New York City, where the cost of living and lifestyle is so much higher compared to many areas of Florida.
New York collects more than any other state in income taxes per person, and taxes more of those with estates above $1 million. Naples Florida is an ideal location for those seeking the best in cultured luxury and laid back lifestyle. With real estate in mind, the inventory on homes in Naples is shrinking. Making now the ideal time to invest on a purchase of property. These are significant factors for those professionals wanting to homestead or to headquarter businesses.
"Call me for any information on the Naples area and for all your real estate needs. I deal with luxury real estate, rental, vacation, and commercial properties sales. I look forward making this paradise your home and headquarters."
or call direct at 239-777-5852
Monday, December 17, 2012
by John Burton on December 14, 2012
Inventory levels continue to decline while the overall median closed price rose 14 percent, and the overall closed sales increased 6 percent for the 12-months ending November 2012, according to a report released by the Naples Area Board of REALTORS®, which tracks home listings and sales within Collier County (excluding Marco Island).
The November report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an Overall Market summary. The November sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:
- The overall median closed price increased 14 percent from $175,000 at the end of November 2011 to $200,000 for the 12-month period ending November 2012.
- Overall pending sales increased 6 percent from 10,057 units to 10,667 units for the 12-month period ending November 2012. Overall pending sales increased 20 percent in the $500,000 to $1 million category, from 960 units to 1,153 units, and increased 11 percent in the $1 million to $2 million category, from 429 units to 478 units, for the 12-month period ending November 2012.
- Pending sales increased 100 percent in the $2 million plus category from 16 luxury real estate units in November 2011 to 32 units in November 2012.
- Overall inventory decreased by 15 percent, from 7,625 listed properties in November 2011 to 6,518 in November 2012. Pending sales with contingent contracts are included in the overall inventory number.
- The average DOM (Days on the Market) increased overall from 168 days in November 2011 to 181 days in November 2012.
- Overall pending sales in the Naples coastal area increased 14 percent from 1,801 units to 2,045 units, and closed sales increased 10 percent, from 1,640 units to 1,804 units, for the 12-month period ending November 2012.