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The Sandlin Team

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Marco Island/Naples Home Prices #1 in Price Appreciation in 2014

by The Sandlin Team

Naples- Marco Island Real Estate Market ranks No. 1 in Home Price Appreciation  Forecast

According to Local Market Monitor, a national housing data company, the predictions for home price increases in Naples and Marco Island shines brighter than it does for any other metro area in Florida.  Looking forward to the third quarters of 2014, 2015, and 2016, the research firm predicts a cumulative increase of 37% in home values.  The biggest increase  for Naples-Marco Island is expected in 2014 when prices are projected to rise 15%.  In each of the two subsequent years an 11% rise in prices is predicted. Call the Sandlin Team for opportunity details at 239-642-4450 or e-mail Info@MarcoRealtySource.com.

 

Home Prices Up & Inventories Down in Marco Island & Naples, Florida

by The Sandlin Team

Homes prices soared 12.05% with a year-over-year basis according to Case-Shiller. In addition home prices had their strongest one-month gain in the history of the entire Case-Shiller Index with a single-month gain of 1.7%.

 

Please call, 239-642-4450, or e-mail, info@MarcoRealtySource.com, for specifics on appreciating prices and diminishing inventories in the Marco Island and Naples real estate market.

The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent.  Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan jumped to 3.91 percent from 3.81 percent last week. That’s the highest since March 2012.

 

“This is the fifth consecutive month in which the IMI has designated more than 70 percent of U.S. metros as improving,” observed NAHB Chairman Rick Judson.  NAHB Chief Economist David Crowe said, “As market conditions improve across most of the country, some metros have moved onto the IMI list while marginal seasonal fluctuations have nudged others off of it. This is to be expected as the recovery expands. Meanwhile, it’s worth noting that the number of improving markets is now more than three times what it was in June 2012.”

“The continued strength of the IMI is an indicator of the ongoing, positive momentum in housing markets nationwide as consumers move to take advantage of historically favorable interest rates and affordable home prices,” said Kurt Pfotenhauer, vice chairman of First American Title Insurance Company.

Now is definitely the time for buyers to act in Marco Island and Naples, Florida, before interest rates rise further and inventories of homes decline further.  Contact us today for a personalized real estate consultation. 239-642-4450 or info@marcorealtysource.com.

 

Naples, Fla. (Apr. 12, 2013) - The Naples area overall median home price increased 17 percent for the 12 months that ended in March 2013, according to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County.

 

The NABOR® March 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 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.

 

- 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.

 

- Overall pending sales in the Naples coastal area increased 9 percent from 1,912 units to 2,091 units, and closed sales increased 15 percent, from 1,653 units to 1,897 units, for the 12-month period ending March 2013.

 

Please call the Sandlin Team at 239-642-4450 or e-mail us at info@marcorealtysource.com for more details.

According to the current National Association of Realtors® NAR 2013 Investment and Vacation Home Buyers Survey, which covers existing- and new-home transactions in 2012, there was a 10.1 %  increase of vacation home sales. Vacation-home sales accounted for 11 percent of all transactions (investor, vacation and owner-occupied).

“Seventy-eight percent of all second-home buyers said it was a good time to buy, compared with 68 percent of primary residence buyers. “This suggests that second-home buyers tend to be a step ahead of general buyers in sensing a market recovery,” Yun says. Buyers plan to own their recreational property for a median of 10 years.

Lifestyle factors remain the primary motivation for vacation-home buyers. Buyers listed many reasons for purchasing a vacation home: 80 percent want to use the property for vacations or as a family retreat; 27 percent plan to use it as a primary residence in the future; 23 percent plan to rent to others; and 23 percent wanted to diversify their investments or saw a good investment opportunity.

“We had a strong stock market recovery, which helps more people in the prime ages for buying vacation homes,” says NAR Chief Economist Lawrence Yun. . “With rising prices and limited inventory, investors are likely to step back in coming years.”
 

The portion of investment sales was 24 percent in 2012, the second highest share since 2005. Thirty-five percent of investment buyers purchased more than one property. Investors generally are renovating and improving properties before placing them back on the market to resell at a profit.

Fifty-five percent of investment buyers said they purchased for rental income, 30 percent wanted to diversify their investments or saw a good investment opportunity, and 20 percent wanted to use the home for vacations or as a family retreat. Forty-seven percent of investment buyers said they were likely to purchase another investment property within two years, as did 37 percent of vacation-home buyers.


The South was the most sought after purchase area with forty-five percent of the vacation homes purchased last year in the South and thirty-six percent of investment properties purchased last year in the South.  The Marco Island/Naples market is reaping the benefits of both the buyers’ preference for properties in the south and lifestyle properties as our market is unbeatable for both of those criteria.
 

Please call the Sandlin Team direct today at 239-642-4450 or e-mail info@marcorealtysource.com for more details.

Naples-Marco Island Ranked #1 in Nation for Golf

by The Sandlin Team

The Naples-Marco Island area is ranked No 1 nationally for its abundance of golf holes according to the report, Golf Facilities in the U.S. 2013, by the National Golf Foundation.  Collier County planning records show there are 91 public, private and semi-private courses of which many are designed by top golf architects such as Arnold Palmer, Jack Nicklaus, Tom Fazio and Robert von Hagge.  In addition, several, including Wyndemere and Pelican Marsh, recently completed multimillon-dollar course and club renovations.

The terrific golf facilities have attracted three top national golf tours as well as golf related businesses and baby boomers buying real estate.

In 2009, Georgia-based Golf & Tennis Pro Shop opened its first Florida PGA Tour Superstore in Naples followed in 2010 by Texas-based GolfSmith, the country’s largest golf retailer, which opened its most technologically advanced and interactive superstore, Golf Xtreme in 2010 also in Naples.

The overall interest for real estate in the Naples-Marco Island area is surging and a large portion of those buyers are targeting golf properties.  The baby boomers are planning their retirement now and they are buying second homes and much of the demand is for golf properties.  They believe the timing is right with historically low prices and declining inventories, which is leading to prices going up.  Please call the Sandlin Team at 239-642-4450 or e-mail at info@marcorealtysource.com for details on golf property opportunities.

Excellent Real Estate Market News from the Experts!

by The Sandlin Team

WASHINGTON – March 13, 2013 – Prices are rising and inventories are falling in markets throughout the United States, which has led financial reporting and forecasting firm Kiplinger to declare the housing recovery “firmly” in motion. Moreover, the company says housing will help carry the overall economy at a time when U.S. exports are decreasing, says Karen Mracek, a Kiplinger editor and real estate analyst. “The biggest reason we think we’re on firm ground is that we’re seeing every indicator on the way up.  We’re seeing a range of indicators that suggest pretty solid growth going forward. In addition to home values and supply, positive indicators include the number of multiple-bid situations, new-home construction and credit availability. Solid improvements in those fundamentals will lead to formation of new households and help more borrowers come out from underwater – and trade up to a new home. They’ll also create new jobs in real estate and construction. Nationally,” Mracek says, “the current housing recovery is real and sustainable.”

 

NEW YORK – March 13, 2013 – The international luxury real estate market appears to be relatively immune to economic headwinds, according to a report by Christie International Real Estate. Christie’s International Real Estate Index monitors record sales prices and prices per square foot, among other indicators in the global luxury real estate market.

London emerged at the top of the network’s index, boasting a record sales price of more than $121 million for a residential property in 2012. In New York, an $88 million sale allowed it to come in at No. 2.

The international luxury market is showing strong momentum, “driven by scarcity of quality inventory and demand from international buyers in many of the world’s top destinations,” says Bonnie Stone Sellers, CEO of Christie’s International Real Estate.

There are more billionaires worldwide now than there were in 2008. What’s more, the percentage of worldwide millionaires has grown by 55 percent since 2000, according to the report.

As wealth has grown so has the number of homebuyers making housing deals in all cash. For example, the report notes that nearly all of the transactions in Los Angeles above $5 million were cash deals; 90 percent in New York; and 70 percent in San Francisco and Miami.

Source: “Global luxury real estate market showing ‘strong momentum’,” Inman News (March 11, 2013)

Sandlin Team joins RE/MAX Affinity Plus with 10 great offices in SW Florida

by The Sandlin Team

 

The Sandlin Team is very excited to announce our new award-winning RE/MAX Broker Owners, RE/MAX Affinity Plus.

Awarded by RE/MAX International:
     2007 Florida Region "Manager of the Year"
     2009 Broker/Owner of the Year for North America
     2009 Florida Region "Outstanding Brokerage of the Year"

 

They have purchased the Marco Island RE/MAX franchise.  They already own nine great RE/MAX offices from Naples Fifth Ave, Gulfshore Blvd, Mercato & Vineyards in Naples all the way up the West coast to Sarasota.  This direct affiliation with these RE/MAX offices will provide our clients outstanding exposure for their listings as well as the benefit of direct referrals for buyers looking at other Florida West coast areas.

Please note Our Sandlin Team’s NEW Phone Number is

(239) 642-4450

Our Sandlin Team office remains at 886 Park Ave. #102, Marco Island, FL, across from Veteran's Park

Sandlin Team Award-Winning Website:  www.Marco-NaplesRealtySource.com

A.J. DeHanas Joins the Sandlin Team at RE/MAX Affinity Plus

April (A.J.) DeHanas, ABR, GRI, Realtor Partner; comes from a top producing family team of Realtors in Southern Maryland. Licensed in 1999, she was successful with RE/MAX and DeHanas Real Estate Services. The DeHanas Team was ranked among the Top 100 Realtors in the U.S. by Realtor Magazine and RE/MAX. She has attained designations as an Accredited Buyers Representative and Graduate Realtor Institute. A.J. is also a registered nurse. A.J. and her husband, Dave have been homeowners on Marco Island since 2003. A.J. loves boating, the beach, and sunsets.  “We have known and respected A.J. for years as a real estate professional and we are delighted to have her on our team,” Alan Sandlin commented. “A.J. will be a real asset to the team with her background and knowledge and her sincere concern for serving our clients best interests,”  Linda Sandlin added.  A.J. can be reached at the Sandlin Team offices at 886 Park Ave, Marco Island, FL. 239-642-4450.

Marco Island & Naples FL real estate sales are up!

by The Sandlin Team

More good news! The number of active listings is down 22% from a year ago which also improves the overall market absorption rate. In November, the number of home pendings was up 10% over a year ago November. Lot pendings remained the same.  The number of condo pendings was up 50%, a real boost for the condo market.  The number of closed homes in November was up 47% over a year ago. The number of closed lots in November was up 100% from 7 closed lots a year ago November to 14 closed lots this November. The number of closed condos in November was up 78% from a year ago.  We are excited about these positive market indicators - now is a great time to buy!  Call us today at 239-642-4450.

Displaying blog entries 1-10 of 44

 

Sandlin Real Estate Team, RE/MAX Affinity Plus, 886 Park Ave. #102, Marco Island, FL 34145