Bill's Bulletin 
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Luxury Home Sales Lead to a Strong Second Quarter Finish

Naples, Fla. (July 13, 2018) – Activity in the Naples area housing market during the Second Quarter of 2018 remained steady in comparison to activity during the Second Quarter of 2017. According to the 2Q 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall closed sales increased 2 percent to 2,926 properties in the 2Q of 2018 from 2,880 in the 2Q of 2017. But in the $2 million and above single-family home market, closed sales rose 25 percent in the 2Q of 2018, which—along with other market indicators—leads many broker analysts to believe that interest in luxury homes will remain in high demand.

Available inventory at the end of the 2Q of 2018 was 5,165 properties, just 24 units behind the inventory level at the end of the 2Q of 2017 (5,189 properties). “This tells me that homes are coming onto the market at the same rate we are selling them,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc.

Inventory rose 15 percent in the $2 million and above condominium market during the 2Q of 2018, which may be a factor in the uptick of pending sales in the luxury condominium market as it rose 32 percent during the 2Q of 2018.

Mortgage Rates Fall to 3-Month Low as Flight to Safety Rolls On


Rates for home loans slid for the third straight week as investors flocked to the safety of the bond market.

The 30-year fixed-rate mortgage averaged 4.52% during the July 5 week, down from 4.55%, mortgage provider  Freddie Mac said Thursday . The 15-year fixed-rate mortgage averaged 3.99%, down five basis points. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.74%, down from 3.87%.

Those rates don’t include fees associated with obtaining mortgage loans.

After a fierce sell-off in the wake of the December tax cuts, bonds have become more attractive as investors remain concerned about  unsettled geopolitics  and the prospect of a global trade war. Mortgage rates track along the 10-year U.S. Treasury note.
Bond yields fall as prices rise.

You'll Never Guess How Far New Home Prices Have Dropped

If you've been hoping to buy a pristine, newly built home, but hesitating over the price, you may want to take the plunge now.

The median price of a new-construction home continued its slide, hitting $302,100 in June, according to a  joint report  by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. That's the lowest it's been since February 2017, when the median was $298,000.

"It's just a couple months of price declines, so I don't want to read too much into it," says  realtor.com ® Chief Economist Danielle Hale. The median price has been declining each month since it peaked in March at $335,400. "But a shift toward lower prices could indicate a shift toward more affordable construction to come."

Call or Text Me on (239) 745 5492
OCEAN HARBOR
4753 Estero Blvd. #502
$449,900 Price Drop!
2 Bedrooms, 2 Bathrooms 1,510 SF
IBIS COVE
8169 Tauren Ct., Naples, FL
$279,900 Price Drop!
3 Bedrooms, 2 Bathrooms 1,455 SF
It's a great time to buy!

Did you know 1,000 people a day move to Florida?
Secure your new property now!
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Contact me now to help you in your search!
Call or Text Me on (239) 745 5492
We can help the transition with downsizing and transitional buying and selling. 
Are you considering purchasing an Investment Property?
Do you have a property you would like to rent out?
Looking for a headache-free solution?

Let us take the work out of it for you!

With our Property Management Services we can fully manage your Investment Property. 

We find tenants, vet and screen them, handle lease paperwork, carry out property inspections and collect your rent checks. 

Plus, with our Renovation Services we can also handle any property maintenance issues on a small or large scale.
Call or Text Me on (239) 745 5492
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!

Certified Building Contractor CBC 1260844.

Before you decide to build talk to us!


Read More about our background and experience or Contact Me now to discuss how we can assist with your next renovation project or just to offer our expertise in Construction Consulting Services.    
It's Official, we are now Pulling Permits in Lee, Collier, Pinellas and Manatee counties and the Cities of Bonita Springs, Cape Coral, Naples, Fort Myers and Sanibel!
We file Notice of Commencements and handle all Building and Permitting Matters so you don't have to!
Ask us about our Client Services.

Insurance Claim Work - Building and Renovation
Ask us how we can help!

Bill Fannin, Jr.
Owner
Fannin Florida Services, LLC
CBC1260844

Call or Text Me on (239) 745 5492
Looking for a Golf Course Community?

With so many beautiful communities and outstanding golf courses to choose from it's not an easy decision!

Let me help you find exactly what you are looking for!
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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.  
MVP Realty Associates, LLC
4851 Tamiami Trail N.
Naples, FL 34103
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We are also Ohio Brokers with a full team based in Ohio.

Ohio Brokerage Poised To Grow, with Enhanced Virtual Platform
Contact Us Now for More Information!
 Join our team. Shape your brokerage.

OHIO-FLORIDA CONNECTION IS GROWING ANNUALLY.

William Fannin Realty has been in Central Ohio Since 1969!

William Fannin Realty, Inc. is projected to double its agent count in 2018.

Great Commission Splits.

No Waiting for your commissions. 
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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!

Click on the logo to find out more!
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.
Call or Text Me on (239) 745 5492
A percentage of our sales helps support the following charities
with their important work: