Olde Naples March 2009, Closed Sale information: Homes $1,000,000 and up.
Active 255
Pending 29
Closed 4
Source: SunshineMLS, Inc.
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Thursday, April 2, 2009
Wednesday, March 4, 2009
Olde Naples Luxury Real Estate - Closed Sales Report
Olde Naples February 2009, Closed Sale information: Homes $1,000,000 and up.
Active 257
Pending 23
Closed 2
Source: SunshineMLS, Inc.
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Contact Larry & Mary Catherine White, Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Active 257
Pending 23
Closed 2
Source: SunshineMLS, Inc.
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Saturday, February 28, 2009
Renters Lose Edge on Homeowners
The relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets, buoyed by several quarters of sharp declines in home prices.
At the height of the housing boom, as home prices surged, demand for rentals started to rise as the gap between owning and renting widened significantly. Even after the housing market soured, apartment demand grew as former homeowners became renters, allowing landlords to push healthy rent increases.
Now, after two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas.
"We're not saying on an absolute basis that it's cheaper to own a home, but on a relative basis...owning is looking much more attractive than it has in a long time," said Andrew McCulloch, a Green Street analyst.
A separate report by Moody's Economy.com also finds that home prices relative to rents are more in line with their historical relationship. Using data that measure average home prices and rent payments for 54 metro areas between 1984 and 2004, Moody's Economy.com estimated that eight markets are "undervalued." In those eight markets, home prices relative to rents are below or within 5% of their historical levels. "The bottom is coming into view," said Mark Zandi, chief economist at Moody's Economy.com, "But we've still got a ways to go."
Source: wsj.com
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At the height of the housing boom, as home prices surged, demand for rentals started to rise as the gap between owning and renting widened significantly. Even after the housing market soured, apartment demand grew as former homeowners became renters, allowing landlords to push healthy rent increases.
Now, after two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas.
"We're not saying on an absolute basis that it's cheaper to own a home, but on a relative basis...owning is looking much more attractive than it has in a long time," said Andrew McCulloch, a Green Street analyst.
A separate report by Moody's Economy.com also finds that home prices relative to rents are more in line with their historical relationship. Using data that measure average home prices and rent payments for 54 metro areas between 1984 and 2004, Moody's Economy.com estimated that eight markets are "undervalued." In those eight markets, home prices relative to rents are below or within 5% of their historical levels. "The bottom is coming into view," said Mark Zandi, chief economist at Moody's Economy.com, "But we've still got a ways to go."
Source: wsj.com
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Friday, February 6, 2009
Olde Naples Luxury Real Estate - Closed Sales Info
Olde Naples January 2009, Closed Sale information: Homes $1,000,000 and up.
Active 251
Pending 20
Closed 3
Source: SunshineMLS, Inc.
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Active 251
Pending 20
Closed 3
Source: SunshineMLS, Inc.
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Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Saturday, January 24, 2009
Millionaires Becoming More Interested in Real Estate
Don't look now, but those with a net worth of more than $1 million who may have gotten burned in the stock market are starting to get interested in one of the most basic of investments-real estate.
That's according to a recent Spectrum Group newsletter, Millionaire's Corner. Nearly 20% of high-net worth investors consider real estate a good investment and plan to buy more in the future, says Spectrem Group, a Chicago-based market research and consulting firm specializing in the affluent market. Moreover, a full 34% of millionaires between 25 and 45 are intrigued by real estate. The research came from online quanititative studies of more than 750 millionaires and focus groups in five cities conducted last fall.
The millionaires reported that since they don't know when the stock market is going to recover and with interest rates so low and real estate so depressed, "a lot of the people said they thought real estate looked interesting," George Walper Jr., president of Spectrum Group, told Barron's. He said the finding was consistent with research in a book he co-authored with Catherine McBreen, Get Rich, Stay Rich, Pass It On.
While the millionaires didn't specify the type of real estate they'd look at, Walper said he believes people are interested in income-producing properties like small apartment buildings or strip malls. That would be in keeping with activity by one supremely savvy investor- Warren Bufett's No. 2, Charlie Munger- who is said to be investing in a shopping center in California.
Source: Barron's, Jan. 26, 2009
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That's according to a recent Spectrum Group newsletter, Millionaire's Corner. Nearly 20% of high-net worth investors consider real estate a good investment and plan to buy more in the future, says Spectrem Group, a Chicago-based market research and consulting firm specializing in the affluent market. Moreover, a full 34% of millionaires between 25 and 45 are intrigued by real estate. The research came from online quanititative studies of more than 750 millionaires and focus groups in five cities conducted last fall.
The millionaires reported that since they don't know when the stock market is going to recover and with interest rates so low and real estate so depressed, "a lot of the people said they thought real estate looked interesting," George Walper Jr., president of Spectrum Group, told Barron's. He said the finding was consistent with research in a book he co-authored with Catherine McBreen, Get Rich, Stay Rich, Pass It On.
While the millionaires didn't specify the type of real estate they'd look at, Walper said he believes people are interested in income-producing properties like small apartment buildings or strip malls. That would be in keeping with activity by one supremely savvy investor- Warren Bufett's No. 2, Charlie Munger- who is said to be investing in a shopping center in California.
Source: Barron's, Jan. 26, 2009
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Friday, January 2, 2009
Olde Naples Luxury Real Estate - Closed Sales Info
Olde Naples December 2008, Closed Sale information: Homes $1,000,000 and up.
Active 144
Pending 3
Closed 2
Source: SunshineMLS, Inc.
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Active 144
Pending 3
Closed 2
Source: SunshineMLS, Inc.
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
Sunday, December 28, 2008
The Naples Beach Hotel & Golf Club goes green
The Naples Beach Hotel & Golf Club, a certified participant in the Florida Green Lodging Program, has earned the prestigious One Palm rating by the Florida Department of Environmental Protection. The core requirements of the One Palm program include water conservation, energy efficiency, waste reduction, clean air and communications.
To achieve the green certification, the resort has adopted practices for staff and guests that reduce waste and conserve natural resources. These included installing water-efficient showerheads, implementing an extensive recycling program throughout the property, installing high-efficiency air filters and high energy-efficient lighting, and communicating to guests ways that they can help.
The staff uses "Green Sealed" cleaning products and detergents that reduce toxicity, as well as a single-step, low-alkaline laundry detergent The property has reduced water use per laundry load by 18 percent, and utilizes organically-based fertilizers, nutrients, and pesticides on its golf course.
The Naples Beach Hotel & Golf Club is Southwest Florida's only resort directly on the beach with on-site championship golf, a world-class spa, and an award-winning tennis center. It has been owned and operated by the Watkins family for more than 60 years.
Source: FloridaWeekly
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To achieve the green certification, the resort has adopted practices for staff and guests that reduce waste and conserve natural resources. These included installing water-efficient showerheads, implementing an extensive recycling program throughout the property, installing high-efficiency air filters and high energy-efficient lighting, and communicating to guests ways that they can help.
The staff uses "Green Sealed" cleaning products and detergents that reduce toxicity, as well as a single-step, low-alkaline laundry detergent The property has reduced water use per laundry load by 18 percent, and utilizes organically-based fertilizers, nutrients, and pesticides on its golf course.
The Naples Beach Hotel & Golf Club is Southwest Florida's only resort directly on the beach with on-site championship golf, a world-class spa, and an award-winning tennis center. It has been owned and operated by the Watkins family for more than 60 years.
Source: FloridaWeekly
Search Olde Naples Luxury Beachfront Homes for Sale
Contact Larry & Mary Catherine White, Naples FL Beachfront Property Specialists
Info@NaplesLuxuryEstates.com
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