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Read MoreIt's the first day of a new month and a new quarter. We completed our month-end reports yesterday and we are also carefully reviewing the year-to date statistics in each of the markets that we are most active. We found a few interesting conclusions based on data from our local MLS that I thought I would share. Keep in mind, these findings are inclusive of all geographic areas in Naples.
Read MoreAt this morning's weekly sales meeting, at the Coldwell Banker Fifth Avenue Previews office, our broker shared with us the following statistics from the Naples area MLS: May 2008 vs. May 2009 The number of pendings of residential listings priced under $300,000 is up 193%. The median price in this same price range is down -39%. Pendings of residential listings in the $300,001-$500,000 are up 9%, and the median price
Read MoreOur broker read a letter this morning at our office's weekly sales meeting announcing that we, The NaplesRealEstate.com Team, earned the distinction of being named in NRT's Top 100 agents for the 1st quarter of 2009 for the nation! The letter was directly from Bruce G. Zipf, President & CEO of NRT LLC, headquartered in Parsippany New Jersey. His letter went on to say, "Your achievement is even more impressive
Read MoreHere are a few interesting things to report which were discussed this morning at the office weekly sales meeting: The best news of all, our office was up over 82% in sales pending in the first quarter of 2009 as compared to the first quarter of 2008!The average list price in our office was up 5.8% Currently there are 10,405 Active residential listings in Naples per the MLS. Of those
Read MoreI just received an email from our mortgage rep outlining the following update: Last week, in just two days, the 10 year yield jumped a total of 31 basis points, mortgage rates were up 20 basis points. Market volatility is at extreme levels as uncertainty over the stimulus package, whether taking bad assets of the books of banks will actually work to open credit markets, investors moving more towards high
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