Single-family existing home sales rose in Florida for the first time in more than two years: While only six more homes sold in July 2008 than in July 2007, it could indicate stabilization in Florida’s housing sector, according to the latest housing statistics released by the Florida Association of Realtors(R) (FAR).
Source: RISMEDIA, August 27, 2008
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Sunday, August 31, 2008
Wednesday, August 13, 2008
Olde Naples Real Estate - Closed Sale Info
Olde Naples July 2008, Closed Sale information: Homes $1,000,000 and up.
Active 124
Pending 6
Closed 3
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Source: SunshineMLS, Inc.
Active 124
Pending 6
Closed 3
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Contact Larry & Mary Catherine White, Naples FL Waterfront Property Specialists
Info@NaplesLuxuryEstates.com
Source: SunshineMLS, Inc.
Thursday, July 24, 2008
Property tax rate will not increase in Collier next year
Collier County property taxes won’t go up next year. From this point on, they can only decrease.
With virtually no discussion, Collier County commissioners on Tuesday afternoon approved a primary property tax rate of $3.1469 per $1,000 worth of property value, and a secondary property tax rate of 69 cents per $1,000. Those are the same rates currently in effect. That means without any other taxes or assessments, a property owner who lives in unincorporated Collier will pay $383.81 on a $100,000 home.
According to the county’s budget director, John Yonkosky, the $3.1469 tax rate is expected to generate $249,156,703 in property taxes for the upcoming year. The 69 cent tax should produce $35,416,600 in property taxes for the 2009 tax year, which begins Oct. 1. Combined, the two tax rates will provide the county’s general fund with a total of $326,561,705.
Public hearings will be held at 5:05 p.m. Thursday, Sept. 4, and again at 5:05 p.m. on Thursday, Sept. 18 in commission chambers.
During the September public hearings, commissioners may maintain or lower tax rates. After the preliminary tax rate is set, the only way it can be raised is by special additional public notices and advertisements, Yonkosky noted.
Source: Naplesnews.com
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With virtually no discussion, Collier County commissioners on Tuesday afternoon approved a primary property tax rate of $3.1469 per $1,000 worth of property value, and a secondary property tax rate of 69 cents per $1,000. Those are the same rates currently in effect. That means without any other taxes or assessments, a property owner who lives in unincorporated Collier will pay $383.81 on a $100,000 home.
According to the county’s budget director, John Yonkosky, the $3.1469 tax rate is expected to generate $249,156,703 in property taxes for the upcoming year. The 69 cent tax should produce $35,416,600 in property taxes for the 2009 tax year, which begins Oct. 1. Combined, the two tax rates will provide the county’s general fund with a total of $326,561,705.
Public hearings will be held at 5:05 p.m. Thursday, Sept. 4, and again at 5:05 p.m. on Thursday, Sept. 18 in commission chambers.
During the September public hearings, commissioners may maintain or lower tax rates. After the preliminary tax rate is set, the only way it can be raised is by special additional public notices and advertisements, Yonkosky noted.
Source: Naplesnews.com
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Contact Larry & Mary Catherine White, Naples FL Waterfront Property Specialists
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Wednesday, July 9, 2008
Olde Naples - June Pending & Closed Home Sale Report
Olde Naples Pending and Closed Sale Report June 2008:
4 Active with Contract
8 Pending
17 Closed
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Contact Larry & Mary Catherine White, Naples FL Waterfront Property Specialists
LWhite@AmerivestRealty.com
Source: SunshineMLS, Inc.
4 Active with Contract
8 Pending
17 Closed
Search Olde Naples Luxury Homes for Sale now
Contact Larry & Mary Catherine White, Naples FL Waterfront Property Specialists
LWhite@AmerivestRealty.com
Source: SunshineMLS, Inc.
Tuesday, July 8, 2008
Sunny Side of the Street
CHICAGO -- Is now a good time to buy real estate? The size of your paycheck likely will play a big part in how you answer that question.
While many average Americans are skittish about the housing market, some of the country's richest citizens see the current conditions as perfect for buying, according to the Annual Survey of Affluence and Wealth in America, released on Tuesday by the American Express Publishing Corp. and Harrison Group, a market research and consulting firm.
Seventy-seven percent of the wealthiest people surveyed think real estate presents a "real opportunity" right now. In the survey, "wealthy" meant having discretionary household income of more than $500,000 a year.
And these high-income earners are putting their money where their mouths are: 40% said they are in the market to acquire real estate this year.
The survey was originally conducted late last year with 1,800 people representing the wealthiest 10% of American households. But the more recent figures are from a follow-up survey with a smaller sample of the original participants, conducted last week to ensure the study reflects rapidly changing market dynamics.
Other survey participants are "upper middle class," with incomes between $100,000 and $149,000; "affluent," with incomes between $150,000 and $249,000; and "super affluent," with incomes between $250,000 and $499,000.
Associated Press The wealthy aren't alone in their belief that the real-estate market represents a buying opportunity: 67% of the upper-middle-class participants also agreed with that statement, as did 72% of the affluent and the super-affluent.
"There are bargains out there...severe price pressure across the board," said Jim Taylor, vice-chairman of Harrison Group. That said, at the very top of the market, there is an abundance of buyers and that is holding prices steady at that level, he added.
Still, the wealthiest were the most committed to buying soon. Only 17% of upper-middle-class participants said they were in the market to buy real estate this year, while 24% of the affluent and 26% of the super-affluent said the same.
Home sweet second -- and third -- home
Forty-one percent of those in the wealthy category said owning a second home was "almost a requirement" for people of their economic means, according to the survey.
Thirty-three percent of the wealthiest who said they intended to buy this year are now in the market for a second home, and 25% said they are in the market for a finished third home, according to the survey.
"They're treating it as a portfolio play, rather than a recreation play," Taylor said. "They've moved off the notion that it's just pleasure real estate," he said, adding that the wealthy use second homes to help balance their overall investment portfolio.
Recession now, but rebound coming
Seventy-nine percent of the survey's respondents said the country is in a recession now, but 88% said they are confident that property values will eventually rebound. Still, 18% of respondents said the equity in their home is worth less than what they owe.
Many respondents expressed significant anxiety over the recession, Taylor said. That was especially true of the upper-middle-class and affluent groups, he said.
But not everyone is worried about their own financial stability. Taylor said he expects the number of millionaires to increase by another 6% this year.
Passion for home improvement
A separate survey of senior-level executives found that high earners often are passionate about improving their homes -- even more passionate than they are about spending time on the golf course.
Thirty-nine percent of 552 high-level executives said they were passionate about home improvement, compared with 32% who said the same about playing golf, according to a recent survey by Doremus, a business communications agency.
"Home is seen by most as a respite from the world, a place where people feel they can be themselves." said Hope Picker, director of research for Doremus, in a news release. "And high-powered senior-level executives are no exception.
"Golf is a game, but it's another form of competition and, in many cases, it's also a surrogate conference room where business is conducted and deals made. But home, even for many high-level professionals, is a safe haven. In addition, home-improvement projects tend to be both tangible and finite, in contrast to much of their work."
The company recommended that marketers interested in reaching these high-net-worth individuals should target them through publications, broadcasts and online sites that feature decorating and improvement ideas for the home and garden.
-Source WSJ.com
Contact Larry & Mary Catherine Olde Naples Luxury Specialists
View Olde Naples Luxury Homes for Sale
Info@NaplesLuxuryEstates.com
While many average Americans are skittish about the housing market, some of the country's richest citizens see the current conditions as perfect for buying, according to the Annual Survey of Affluence and Wealth in America, released on Tuesday by the American Express Publishing Corp. and Harrison Group, a market research and consulting firm.
Seventy-seven percent of the wealthiest people surveyed think real estate presents a "real opportunity" right now. In the survey, "wealthy" meant having discretionary household income of more than $500,000 a year.
And these high-income earners are putting their money where their mouths are: 40% said they are in the market to acquire real estate this year.
The survey was originally conducted late last year with 1,800 people representing the wealthiest 10% of American households. But the more recent figures are from a follow-up survey with a smaller sample of the original participants, conducted last week to ensure the study reflects rapidly changing market dynamics.
Other survey participants are "upper middle class," with incomes between $100,000 and $149,000; "affluent," with incomes between $150,000 and $249,000; and "super affluent," with incomes between $250,000 and $499,000.
Associated Press The wealthy aren't alone in their belief that the real-estate market represents a buying opportunity: 67% of the upper-middle-class participants also agreed with that statement, as did 72% of the affluent and the super-affluent.
"There are bargains out there...severe price pressure across the board," said Jim Taylor, vice-chairman of Harrison Group. That said, at the very top of the market, there is an abundance of buyers and that is holding prices steady at that level, he added.
Still, the wealthiest were the most committed to buying soon. Only 17% of upper-middle-class participants said they were in the market to buy real estate this year, while 24% of the affluent and 26% of the super-affluent said the same.
Home sweet second -- and third -- home
Forty-one percent of those in the wealthy category said owning a second home was "almost a requirement" for people of their economic means, according to the survey.
Thirty-three percent of the wealthiest who said they intended to buy this year are now in the market for a second home, and 25% said they are in the market for a finished third home, according to the survey.
"They're treating it as a portfolio play, rather than a recreation play," Taylor said. "They've moved off the notion that it's just pleasure real estate," he said, adding that the wealthy use second homes to help balance their overall investment portfolio.
Recession now, but rebound coming
Seventy-nine percent of the survey's respondents said the country is in a recession now, but 88% said they are confident that property values will eventually rebound. Still, 18% of respondents said the equity in their home is worth less than what they owe.
Many respondents expressed significant anxiety over the recession, Taylor said. That was especially true of the upper-middle-class and affluent groups, he said.
But not everyone is worried about their own financial stability. Taylor said he expects the number of millionaires to increase by another 6% this year.
Passion for home improvement
A separate survey of senior-level executives found that high earners often are passionate about improving their homes -- even more passionate than they are about spending time on the golf course.
Thirty-nine percent of 552 high-level executives said they were passionate about home improvement, compared with 32% who said the same about playing golf, according to a recent survey by Doremus, a business communications agency.
"Home is seen by most as a respite from the world, a place where people feel they can be themselves." said Hope Picker, director of research for Doremus, in a news release. "And high-powered senior-level executives are no exception.
"Golf is a game, but it's another form of competition and, in many cases, it's also a surrogate conference room where business is conducted and deals made. But home, even for many high-level professionals, is a safe haven. In addition, home-improvement projects tend to be both tangible and finite, in contrast to much of their work."
The company recommended that marketers interested in reaching these high-net-worth individuals should target them through publications, broadcasts and online sites that feature decorating and improvement ideas for the home and garden.
-Source WSJ.com
Contact Larry & Mary Catherine Olde Naples Luxury Specialists
View Olde Naples Luxury Homes for Sale
Info@NaplesLuxuryEstates.com
Friday, June 20, 2008
Naples City Council members agree to hire consultant to direct downtown development
Heart of Naples, D Downtown, the Community Redevelopment Agency, two consultants’ reports — all vehicles in the past decade and a half to improve the core of Naples. But Naples City Council isn’t satisfied.
On Monday, the mayor and council members agreed unanimously to hire a consultant to develop a “vision” for the downtown area, rather than design it themselves along with city staff.
They also established the boundaries for the areas that would be taken into consideration by the consultant: the Community Redevelopment Agency, Third Street, Crayton Cove, D Downtown, and Tin City, as well as the U.S. 41 corridor from Fifth Avenue South to Seventh Avenue South.
Several council members expressed dismay over the current state of Fifth Avenue South.
“My personal feeling is that something needs to be done to direct the development of Fifth Avenue because it could have evolved better than what’s turned out now,” Councilman Bill Willkomm said.
“We have so many different organizations on Fifth Avenue (South) alone, so many hands pulling that street in different directions, that it has lost its vision,” Councilwoman Dee Sulick echoed.
In 1994, and again in 2004, the City Council brought in the Miami-based husband and wife team of architects and urban planners Andrés Duany and Elizabeth Plater-Zyberk to make recommendations for improvements to Fifth Avenue South.
The consultants met with shop owners and stakeholders; they suggested improvements from landscaping to the mix of storefronts at the east and west ends; they were the impetus behind the first multistory parking garage on Fifth Avenue South.
There was also mention at the meeting of increased rent driving longtime tenants out.
“If anything, our mix has deteriorated, We’ve lost our grocery store. We’ve lost our pharmacy. I think we’ve gone the wrong way,” said Councilman John Sorey, who unsuccessfully pushed to include Venetian Village into the new visioning scope.
“When I read Duany’s report, I lamented what it was and what it could have been and where it is right now. Not necessarily the quality of the restaurants, but that there’s such a proliferation,” Vice Mayor Penny Taylor said.
“But remember, the buck stops with us. We’re the ones that approved these variances of 500 feet for liquor licenses, and we do it again and again because the quality establishments want to establish themselves.”
Despite initial hesitation from Taylor and Sulick, and Councilwoman Teresa Heitmann, the three ultimately contributed to the unanimous vote in favor of hiring an external consultant to develop the new vision.
Mayor Bill Barnett asked City Manager Bill Moss to present options for consultants to the City Council.
Duany’s name was thrown into the ring as a possibility, however no decisions have been made.
Jim Goehler, director of the Downtown Naples Association, attended the City Council meeting and said he endorses the decision. Goehler is also the chief operating officer and chief financial officer of the Greater Naples Chamber of Commerce.
“The important thing is, everyone wants to keep the uniqueness of Naples (in that area),” Goehler said. “And I don’t think we’re far off.”
Source: Naplesnews.com
Contact Larry & Mary Catherine Olde Naples Luxury Specialists
View Olde Naples Luxury Homes for Sale
Info@NaplesLuxuryEstates.com
On Monday, the mayor and council members agreed unanimously to hire a consultant to develop a “vision” for the downtown area, rather than design it themselves along with city staff.
They also established the boundaries for the areas that would be taken into consideration by the consultant: the Community Redevelopment Agency, Third Street, Crayton Cove, D Downtown, and Tin City, as well as the U.S. 41 corridor from Fifth Avenue South to Seventh Avenue South.
Several council members expressed dismay over the current state of Fifth Avenue South.
“My personal feeling is that something needs to be done to direct the development of Fifth Avenue because it could have evolved better than what’s turned out now,” Councilman Bill Willkomm said.
“We have so many different organizations on Fifth Avenue (South) alone, so many hands pulling that street in different directions, that it has lost its vision,” Councilwoman Dee Sulick echoed.
In 1994, and again in 2004, the City Council brought in the Miami-based husband and wife team of architects and urban planners Andrés Duany and Elizabeth Plater-Zyberk to make recommendations for improvements to Fifth Avenue South.
The consultants met with shop owners and stakeholders; they suggested improvements from landscaping to the mix of storefronts at the east and west ends; they were the impetus behind the first multistory parking garage on Fifth Avenue South.
There was also mention at the meeting of increased rent driving longtime tenants out.
“If anything, our mix has deteriorated, We’ve lost our grocery store. We’ve lost our pharmacy. I think we’ve gone the wrong way,” said Councilman John Sorey, who unsuccessfully pushed to include Venetian Village into the new visioning scope.
“When I read Duany’s report, I lamented what it was and what it could have been and where it is right now. Not necessarily the quality of the restaurants, but that there’s such a proliferation,” Vice Mayor Penny Taylor said.
“But remember, the buck stops with us. We’re the ones that approved these variances of 500 feet for liquor licenses, and we do it again and again because the quality establishments want to establish themselves.”
Despite initial hesitation from Taylor and Sulick, and Councilwoman Teresa Heitmann, the three ultimately contributed to the unanimous vote in favor of hiring an external consultant to develop the new vision.
Mayor Bill Barnett asked City Manager Bill Moss to present options for consultants to the City Council.
Duany’s name was thrown into the ring as a possibility, however no decisions have been made.
Jim Goehler, director of the Downtown Naples Association, attended the City Council meeting and said he endorses the decision. Goehler is also the chief operating officer and chief financial officer of the Greater Naples Chamber of Commerce.
“The important thing is, everyone wants to keep the uniqueness of Naples (in that area),” Goehler said. “And I don’t think we’re far off.”
Source: Naplesnews.com
Contact Larry & Mary Catherine Olde Naples Luxury Specialists
View Olde Naples Luxury Homes for Sale
Info@NaplesLuxuryEstates.com
Wednesday, June 4, 2008
Olde Naples - Home Sales Report
Olde Naples 12 Month Home Sale Report: Homes over $1,000,000
181 Active
7 Active with Contract
10 Pending
45 Closed
Closed Sale Information:
Search Olde Naples Luxury Homes for Sale now
Contact Larry & Mary Catherine White, Naples FL Luxury Specialists
LWhite@AmerivestRealty.com
Source: SunshineMLS, Inc.
181 Active
7 Active with Contract
10 Pending
45 Closed
Closed Sale Information:
# of Bedrooms | # of Closed | Average Sold Price |
| 2 or Less | 6 | $2,479,166 |
3 | 18 | $1,848,444 |
4 | 17 | $2,609,786 |
5 | 3 | $2,781,666 |
6 or More | 1 | $5,525,000 |
Search Olde Naples Luxury Homes for Sale now
Contact Larry & Mary Catherine White, Naples FL Luxury Specialists
LWhite@AmerivestRealty.com
Source: SunshineMLS, Inc.
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