Please enjoy the flip-book presentation for this new listing in Grandezza Golf & Country Club

Just listed single-family pool home

(Tip: Press [F11] for full screen presentation)

A sneak peek

Starting a new trend in real estate marketing, development and community specific websites devoted exclusively to the development by area REALTOR experts.

Announcing...

www.GrandezzaRealEstate.com

This past Friday 12/9/2011 Downing-Frye closed 3,000 real estate transaction for the year!

If you discount the two "crazy" real estate sales years - 2004 and 2005 - this will be the highest number of transactions in the company's history and that dates back to the 1980's.

What accounts for this given this economy? It's one word...price!

And the prices are what they are due to the overall real estate situation, the economy in general, and the high inventory of homes. The overall real estate situation nationwide, in general, in not changing much right now and neither is the economy. But, in southwest Florida the inventory of homes has plummeted from more than 12,000 in the summer of 2010 to just over 7,000 homes today.

If you follow the market report data that I report, you know that Florida, in particular southwest Florida, has experienced a terrific year for real estate sales with substantially declining inventory. Now, the indicators are starting to spread throughout the nation. First to boom, first to bust, first to recover.

I sense a general change in certain trends with many potential buyers, despite the good year, still sitting on the sideline. This is changing. The season rental market for 2012 is all but booked up. People are scrambling to find a property. Those who waited for the last minute in years gone by are now out of luck or settling for something other than the ideal property.

It's my guess that the surge in rentals this year is, in part, due to people you have finally decided to wait no longer and buy. This will be the last time for their seasonal rental. The winter of 2013 they will spend in their own property.

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Reproduced from the Florida REALTORS with permission

Pending home sales jump in October

WASHINGTON – Nov. 30, 2011 – Pending home sales rose strongly in October and remain above year-ago levels, according to the National Association of Realtors® (NAR).

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, surged 10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010 when it stood at 85.5. The data reflects contracts but not closings.

“Home sales have been plodding along at a sub-par level while interest rates are hovering at record lows, and there is a pent-up demand from buyers who normally would have entered the market in recent years,” says Lawrence Yun, NAR chief economist. “We hope this is indicates more buyers are taking advantage of the excellent affordability conditions. Many consumers recognize that homebuyers in the past two years have had one of the lowest default rates in history. Moreover, continued inventory declines are another healthy sign for the housing market.”

The PHSI in the Northeast surged 17.7 percent to 71.3 in October and is 3.4 percent above October 2010. In the Midwest the index jumped 24.1 percent to 88.7 in October and remains 13.2 percent above a year ago. Pending home sales in the South rose 8.6 percent in October to an index of 99.5 and are 9.7 percent higher than October 2010. In the West, the index slipped 0.3 percent to 105.5 in October but is 8.1 percent above a year ago.

“Although contract signings are up, not all contracts lead to closings,” Yun says. “Many potential homebuyers inadvertently hurt their credit scores and chances of getting a mortgage through easily averted actions, such as cancelling an old credit line while taking on a new one. Such actions could unwittingly prevent buyers from obtaining a mortgage if their credit score is close the margins of qualifying – or they might get a loan but with less favorable terms.”

© 2011 Florida Realtors®

GL Homes announces is newest development in north Naples - Riverstone. The company's largest development of 850 single-family homes. Under development now with grand opening planned for later January 2012. Seven model homes will be ready with 18 - 20 spec homes over three months.

In total 640 acres are being developed just north of the upscale Olde Cypress Golf and Country Club and just to the east of the prestigious Quail West and Quail Creek developments.

Review some details about this newest development

If you are still unsure about the housing market in the region continue ready my posts, in particular the market reports.

Just perfect first floor designer decorated and furnished 2BR, +Den, 2 Bath condo in desireble Grandezza Golf & Country Club.

Go to Sabal Palm Grandezza and full listing

A simple salute to all those who served and have served in the armed forces.

Thank you.

Make a difference, check out the Wounded Warrior Project

Lee BIA - Lee (county) Building Industry Association - presents its Pinnacle Award each year in various categories of residential and commercial building and developments

In 2011 Paseo has won Community of the Year in the 101-500 acre category. Stock Development, developer of Paseo, has won the Developer of the Year Award.

Addtional awards in Paseo include Product Desgin of the Year for the Ruffino model (one of my favorites!); Product Design of the Year for the Montessa Model; Best Club House Interior and Exterior.