1st Quarter of 2009...Things Looking Up!!

Well, the beginning of the 1st quarter of 2009 has been incredibly busy. Mostly for the lower end, though multi-million dollar properties are still moving and haven't seen the hit the lesser priced properties have taken.





For example, in the past 24 hours, 111 new listings and 22 solds in the Multiple Listings Services have been reported, the majority of the properties under $200,000.





Florida as a whole is noticing more realistic pricing. The ratio between the list and selling price continues to shrink, as does the average price of RESALE properties.



In February 2008 the average median price in Collier was $325,000. as opposed to January 2009 where the average price fell to under $200,000.




As the prices continue to fall, the inventory is being absorbed and reality is setting in for both sellers AND buyers.



If you have any questions as to the value of your property, OR you think you may want to invest in what is aurguably one of the best times ever to buy real estate, don't hesitate to call me. I have access to every listing, be it short sales, forclosures or just someone that wants out from under a mortgage.

REMEMBER; The best time to do it is when everyone else isn't !!

REAL RH News!

WELCOME ABOARD !!

Please check out REALRoyalHarbor.com for the latest stats on Royal Harbor and surrounding areas.
The REAL Naples real estate market is still active as we ease in to November, but inventory is still very high.
We're seeing the majority of properties selling for over a million, or under $200,000.
Stay tuned for another Featured Listing coming up this week.....
and remember, Let's make this one count!

Coconut Creek Estate Home - 5 Minutes from Olde Naples

This property information distributed by: Mollie B. French
Prudential Florida WCI Realty

Phone: 239-450-5750 Email: mollie@molliefrench.net

General Property Information:
Address: 4482 LORRAINE AVE ML#: 207009615
NAPLES, Florida 34104-4770
Virtual Tour URL: http://visualtour.com/shownp.asp?sk=13&t=0093-9472

List Price: $599,900

Remarks by Mollie:
A Magnificent 3+den Estate Home. Some features of this exquisite house include private guest house with private drive, three car garage, state of the art kitchen, beautiful pool and secluded "courtyards" throughout the over 1.5 acre compound. This is an unbelievable opportunity to own a immaculately maintained property only 5 minutes from Olde Naples!



The source of this real property information is the copyrighted and proprietary database compilation of SunshineMLS, LLC.Copyright 2002-2007 SunshineMLS, LLC. All rights reserved. The accuracy of this information including, but not limited to,
any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations,or acreage, is not warranted or guaranteed. This information should be independently verified if any person
intends to engage in a transaction based upon it.

Welcome to REAL, no nonsense real estate information for the residents of Collier County, (Naples).

Save this address. You'll want to visit often for up to date, "tell it like it is" information on the local market. As you can see by the chart, and surprising to none, listings are through the roof and sales are few. We all know, buyers are sitting on the fence, when in actuality, it is the absolute best time to buy! Sellers are coming to grips with the reality of the market, and prices have never been lower.

But this trend can't last forever, and I foresee a slight rise in prices as we sail past the holidays.

Bottom Line: Sellers, hold tight....

And buyers, come down from the fence!

Let's make this one count!

Statistics

Welcome to my REAL real estate news blog! As you can see from the above chart, properties are staying on the market longer, but commanding, on average, 91% of the asking price. That's up from July, and expected to stay the same, or go higher, as we enter the holiday season.

This chart is directly related to the zip code 34102.

Currently there are 48 active listings in the Royal Harbor/Oyster Bay area. And since the the 1st of September there has been one closing, and 5 properties have gone pending.

For obvious reasons, this activity is encouraging . Please stay tuned to this blog for the most recent neighborhood news. Don't miss your opportunity to be up to date on all pertinent real estate information for the Royal Harbor and surrounding area!

Let's make this one count!