Bill's Bulletin 
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First Quarter Housing Market Activity Sets the Stage
for Strong Year

Naples, Fla. (April 13, 2018) – Sales of homes above $1 million in Naples during the first quarter of 2018 drove the market. Their sales increased 61 percent compared to the same quarter of 2017 according to the First Quarter 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). 

“January’s results led some to question expectations for the year when compared to last, yet in February the market gained its stride which accelerated in March with closed sales shooting ahead to end the first quarter on a very impressive note,” said Budge Huskey, President, Premier Sotheby’s International Realty. According to NABOR’s monthly reports, January had 672 closed sales, February reported 672 closed sales, but March kept agents very busy with 942 closed sales, driven by a strong high end which included a number of new construction condominiums just delivered.

Pending sales in the first quarter of 2018 increased 3 percent to 3,177 compared to 3,097 in the first quarter of 2017. Although pending sales for both single-family homes and condominiums over $1 million increased by double digits, it was the $2 million and above condominium market that raised eyebrows among brokers who reviewed the reports.

“Tourism was up in our area this season compared to last year so it is not surprising that we would end with strong pending sales for the quarter,” said Kathy Zorn, President/Owner, Better Homes and Gardens Real Estate Pristine. “But I wasn’t expecting to see a 109 percent increase during the quarter in pending sales for condominiums over $2 million!”

Home Prices Continued to Rise in February

Home-price gains accelerated in February for the 70th consecutive month, creating increasingly challenging conditions for buyers as interest rates also rise and inventory remains tight.

The S&P CoreLogic Case-Shiller National Home Price Index, which covers the entire nation, rose 6.3% in February, up from a 6.1% year-over-year increase reported in January.

The 10-city index gained 6.5% over the year, up significantly from 6% the prior month. The 20-city index gained 6.8%, up significantly from 6.4% the previous month. Economists surveyed by The Wall Street Journal had expected home-price growth to decelerate in February, with the 20-city index gaining 6.3%.

Fact or Fiction? 6 Down Payment Myths You Should Stop Believing Immediately

If you're thinking about buying your first home, that pesky down payment has probably kept you awake more than a few nights. We get it—while a pre-approval is crucial for determining your buying power, it's the down payment that shows you mean business.

But saving up is hard. In a study conducted by  NerdWallet,  44% of respondents said a lack of a down payment was the roadblock keeping them from buying a home.

Making things even worse? Your well-meaning friends and family have probably given you at least one piece of well-meaning, but ill-informed advice, leaving you in more of a blind panic than you need to be.

Call or Text Me on (239) 745 5492
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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!
Click HERE  to find me on Realtor.com!
Contact me now to help you in your search!
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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
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 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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Check out the latest Football now!!

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: