Bill's Bulletin 
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August Home Sales Show Increased Consumer Confidence

Naples, Fla. (September 29, 2017) – August proved to be an outstanding month for the Naples area housing market with more pending and closed sales than last August. Broker analysts reviewing the August 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which track home listings and sales within Collier County (excluding Marco Island), said sales of 685 homes was impressive for August, up 5 percent compared to August 2016. This was encouraging to broker analysts since inventory increased by only 20 properties compared to August’s inventory last year. 

“This turned out to be a great summer for sales in Naples,” said Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty. “Overall pendings in August were up 13 percent, overall sales were up 5 percent, and there were some nice surprises in the report that we didn’t expect to see.” 

These surprises included a 75 percent increase in pending sales and a 42 percent increase in closed sales for single-family homes located in South Naples. The August report also showed single-family homes in this geographic area had a 22 percent decrease in median closed price. 

The condominium market performed just as well as the single-family home market in August, reporting a similar 13 percent increase in pending sales. The Pending Home Sales statistic is a forward-looking indicator that is based on contract signings. 

Fioretti believes summer’s sales activity outpaced last year’s because of renewed consumer confidence. “Buyer traffic continued to exceed our expectations in August.” 

The overall median closed price for August was $328,000, a 2 percent increase over August 2016. Geographically, prices in the Naples Beach area continue to rise faster than all other areas tracked. In fact, median closed prices for single-family homes in the Naples Beach area increased 32 percent in August. 

NABOR Reports August 2017 Real Estate Transactions

August Sales Show Increased Consumer Confidence
Release Date: Friday, September 29, 2017

  • Pending sales increased 12% in both the $300K-$500K category and the $2M+ category, and 11% in the $500K-$1M category 12-months ending August 2017

  • Closed sales increased 14% in the $300K-$500K category and 15% in the $2M+ category 12-months ending August 2017

  • Median closed price increased 4% overall 12-months ending August 2017

  • Inventory increased 0% overall August 2016 to August 2017

  • Average DOM increased 26% in the $500K-$1M category and decreased 17% in the $2M+ category August 2016 to August 2017
What Naples Florida Visitors Need To Know After Hurricane Irma
UPDATED: 9/29/17

Hurricane Irma – Day 16 greets us with the typically hot weather of late September and perhaps yearning for the slight change in temperature that tells us Fall has arrived.

Hurricane Irma is still a topic of discussion, and by now most have told their “stories” and we are returning to the lifestyles of which we are accustomed.

Businesses that did not incur damage are open, including restaurants on  3rd Street S. 5th Avenue S. Venetian Village , along U.S. 41, and in other areas. People are visiting the  beach  and the partially opened  Naples Pier .

Damage from Hurricane Irma

All of our  properties  suffered very minimal damage which has been repaired already. We credit our support staff and maintenance crew for safely and effectively preparing us for the storm.

The most notable sign of the hurricane is the piles of yard and tree waste on the street. But pickup already started for landscaping debris and should be fully collected over the next few weeks.

No major hotels or structures, besides the  Naples Zoo , have reported any major damage. International flights to Southwest Florida International Airport (RSW) in Fort Myers, resumed Sept. 12.

There’s cleanup and repairs to do — with steady progress being made every day.

Call or Text Me on (239) 745 5492
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Midland IRA
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Let us help! As a Florida licensed Residential and Commercial Contractor with over 25 years of experience we can assist with your renovation needs or build your dream home on your lot!

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We are industry experts with over 25 years of experience in the real estate field with a solid foundation as a second generation Builder/Developer.

We are Florida Real Estate Agents and Fort Myers Beach residents serving Lee and Collier Counties.  
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4851 Tamiami Trail N.
Naples, FL 34103
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Missing Home?

Did you know that Naples has one of the largest Buckeyes fan clubs?
They offer three different types of membership. Only $25 per year for a single membership or $40 per year for a couple. Free to the under 35's!

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Looking for a great place to dine in Naples? The owners of Naples beloved restaurant The Pewter Mug now bring us their new venture. Bernie's City diner is well worth a visit! Now serving breakfast and lunch. Open 7 days a week from 7am to 2:30pm!

Join me for breakfast to discuss your real estate needs, for a free home appraisal or just to say hello! Monday's at 8am at Bernie's City Diner located at 14700 Tamiami Trail N. #22, Naples, FL 34110. RSVP Now!   (239) 745 5492.
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