Naples Bonita Springs Estero Florida

SALES UP 87 PERCENT
Report Shows Inventory Declines 13 Percent

The headline is from a very recent (September 11, 2009) press release from the Naples Area Board of Realtors - NABOR.

"...Overall pending sales, which are a key indicator of buyer activity, increased 87 percent with 872 contracts in August 2009 compared to 461 contracts in 2008..."

Additional specifics from the press are:

• Overall closed sales increased 38% with 545 closed sales in August 2009 versus 395 in 2008
• Single-family homes pending sales contracts for properties under $300,000 increased 106 percent to 344 contract in August of 2009
• The available inventory decreased 13 percent to 9,163 compared to August of 2008
• The average days on market (DOM) decreased to 160 which is a 21 percent reduction from its peak in May of 2008 of 202 days
• Condo pending sales increase 89 percent with 370 contract in August of 2009

You may read more market information here --> Bonita-Estero, Naples

www.BobPisa.com  

Laurel Lakes, in one of Naples most sought after school districts with Laurel Oak Elementary, Oak Ridge Middle and Gulf Coast High School all in the immediate vicinity, make this Mahogany model your perfect family home with separate living room and family room. Drive down the street with center landscaped island and sidewalks to the paver driveway into the oversized 3 car garage with workshop. The split/separate master bedroom suite features a 10X10 area for sitting, exercise, or home office and a large walk-in closet . Volume ceilings throughout make this home live large! Situated on an oversized lot, this home provides a large covered lanai, sun deck, and built-in heated swimming pool. It is well appointed with seven ceiling fans throughout and new (within one year) 18" porcelain tile diagonally laid and recently new HVAC. The interior is freshly painted in a neutral color ready to move in.

more at http://8525LaurelLakesBlvd.robertpisa.com 

Finally open is the 11-screen theater that boasts a 65-seat restaurant and lounge with marble floors and leather chairs to make it "...not your father's movie theater..." It's been described that each chair is "like a La-Z Boy Sofa."

The Naples International Film Festival is scheduled to be held there November 5-8.

This is the first U.S. venture for Venezuela-based Cine Unidos. The theater has a total of 11,000 seats grouped in clusters of two and each seat is numbered. The numbered seat is assigned when you purchase your ticket on-line or through one of the touch screen terminals. There are no traditional box offices to purchase tickets from.

Sounds great, I can't wait to go!

www.BobPisa.com

Previously it was announced that the members of Shadow Wood Country Clubb (SWCC) reached and agreement with Bonita Bay Groud (BBG) to purchase both the Golf Club at Shadow Wood and The Commons Club amenity center. This was confirmed in a press release by BBG on September 1st.

In a blog post written to the members yesterday - 9/9/09 - it was reported that the deal is dead.

Why? The paramount issue in this deal, as well as golf club buyouts all over, is the huge liability on the books for member deposits. The chief restructuring officer for BBG, in a recent meeting, stated that BBG is adding a requirement that limits BBG's liability to $250,000. The current deposit liability for both clubs is on the order of $4 million.

A couple of strategies were talked about that could enable the new club to take on the liability including selling off some golf course property for additional single-family homes and changing the refund policy to 3 for 1.

BBG represented that there were at least 2 buyers offering to pay more cash and assume the liabilities from BBG for member deposits.

All I can say at this point is...stay tuned. This is not a matter of if a sale takes place but rather when and how much.

What's a razzleberry? That's exactly what I asked the waitress at the Trail Cafe in North Naples on Tamiami Trail. Well, "razzleberry" is a mixture of whatever berries are in season. Today, trying to make somewhat of a day off from work, my wife and I ventured out for breakfast. Berries of the day were very tart blackberries, blueberries, and raspberries. The razzleberries are baked into the pancakes with an extra dollop on top. Sprinkled with a very light dusting of powdered sugar...mmmm.

The swimming pool is at 84 degress and climbing...I think there will be a few extra laps this afternoon.

The Trail Cafe open for breakfast and lunch. It is located conveniently to everyone in North Naples and Bonita Springs. It's on U.S. 41, just south of Wiggins Pass.

Enjoy when you're in the area.

Bonita Springs - Estero Market Watch
August 2009
(Based on data from the local board of Realtors® multiple listing service.)

The August 2009 Bonita-Estero single-family homes sales volume increased nearly 17 percent over the same period in 2008.   Some 79 single-family, detached villas, and attached villa homes were sold in August 2009. The average number of sales per month over the last 24 months is 68 homes. The 24-month average number of sales per month also increased 4 plus percent from last month.

Go to the complete Market Watch Report with downloadable trend charts.

Naples Real Estate Market Watch
August 2009
(Based on data from the local board of Realtors® multiple listing service.)

The August 2009 Naples single-family homes sales volume increased 41 percent over the same period in 2008.   Some 340 single-family, detached villas, and attached villa homes were sold in August 2009. The average number of sales per month over the last 24 months is 256 homes. The 24-month average number of sales per month also increased 4 percent from last month.

Read the complete Market Watch Report and dounwload all the treand charts.

Go to the Market Watch Reports